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2023-08-31-accounts

Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod
From Period start date
01
Sept.
2022
To Period end date
Sept. 2022 31 August 2023

Section A Reference and administration details

Charity name PEAK DISTRICT MUSIC CENTRES

Other names charity is known by PDMC

Registered charity number (if any) 1187080

Charity's principal address 24 Beaumont Drive

Dove Holes Buxton DERBYSHIRE Postcode SK17 8BB

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
Trustee name Office (if any) Dates acted if not for
whole year
Name of person (or
body) entitled to
appoint trustee
David Brindley Trustee Chair None
Hannah Watson Trustee Vice Chair
Simon Marrow Trustee Treasurer
VickyGiliker Trustee Secretary
Louise Davies Trustee wef 24 March 2023
Allie Spencer Trustee
Rachel Verdicchio Trustee

Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year None

Section B Structure, governance and management

Description of the charity’s trusts

[Constitution ]

Type of governing document ) How the charity is constituted )[Charitable Incorporated Organisation, registered 20 December 2019 ] [replacing PDMC Charitable Association No.1002890][Election at AGM ]

Trustee selection methods

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Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

We attach trustees to ensembles, whenever possible, to provide an insight into the core activities of the charity, alongside an opportunity to make a practical contribution.

We have designated trustees attached to Safeguarding and Health & Safety procedures.

PDMC is a partner in the Derbyshire Music Education Hub, which is led by the Derby and Derbyshire Music Partnership. This enables us to access public funding via the Arts Council from the Department for Education.

The trustees maintain a Handbook, reviewed annually and primarily for use by Ensemble Directors (EDs) and parent helpers, which sets out all required procedures and protocols - especially with relation to safeguarding children; equality; health and safety; risk assessments for performances, trips and tours; planning timelines; and financial management.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The advancement of musical education for the public benefit, in particular among young people of school age in an area bounded by Buxton, Bakewell and Hope Valley by the provision of:

Summary of the main Having due regard to the guidance issued by the Charity Commission on public activities undertaken benefit, PDMC works tirelessly to bring music making opportunities to young for the public benefit people of school age from all social backgrounds. Section D below gives details of in relation to these our achievements over the past year. objects (include within this section the As a further commitment to public benefit, in recent years the trustees have raised statutory declaration over £24,000 (£2000 in the current year) in grants from local charities and that trustees donations, specifically targeted at ensuring that financial hardship is no barrier to have had regard to a young person’s aspirations to learn an instrument or play alongside others. the £1708 has been awarded in the past year. We also offer an initial free taster half guidance issued by term to beginners to encourage potential new members. the Charity Commission The trustees have met five times (initially by Zoom conferencing) to monitor the on public benefit) efficiency and effectiveness of the organisation, to plan for long-term financial and musical viability, to maintain a strategic direction and to ensure that all statutory requirements are being met. Financial and management information provided by the Administrator informs close monitoring of the organisation’s performance and strategic decision making. The Administrator attends Board and ED meetings and meets as necessary with the Chair and the Strategic Director of Music. The EDs also held two meetings by zoom during the year and the Chair and Administrator regularly communicate by email with them and attend their meetings.

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Summary of Main Activities cont’d …

The challenge of increasing player numbers continued, with some new numbers being offset by leavers. However, our starting base of 151 established ensemble players increased by a further 50 members in our new bridging ensembles. As in the previous year, some excellent initiatives and events, whilst proving popular and raising our profile, still failed to produce new recruits. However we were able to continue Bakewell Beginner Strings and Bakewell Beginner Winds, started in the previous summer term. Hub funding for 2022/23 was based on player numbers in 2021/22, which took a significant hit from Covid. As a result we fell into a lower tier of hub funding and lost £7000 – an amount impossible to recover in the short term, with the result that we finished the year with an operating deficit of £6,000. Again, our reserves had to be significantly drawn upon to the tune of £17,000, not simply to fund bursaries and development opportunities but also to offset our operating deficit. Restoring a balanced budget continues to be an elusive challenge facing the trustees. Fortunately, the increase in membership over the past year thanks to our Engagement Programme has lifted us back into a higher tier of funding for next year. In an attempt to maximise income, subscriptions were again slightly increased with an even greater increase planned for the following year new. To help parents, a direct debit system for paying subs was introduced; initial take up by about 20 parents with slow but we expect this to grow. We also acquired a Sum Up card reader to maximise bucket collections in these increasingly cashless days. Our team of eight Ensemble Directors remained stable throughout the year, with Hannah Watson agreeing to take on the Training Strings and Danny Riley continuing for another year with us. ED recruitment remains another major challenge so we were delighted to be able to appoint Tam Wing Kin (Kenneth) in good time, in anticipation of Danny’s return to Oxford at the end of the year. Against considerable odds Danny had done a great job for us, steadying the Wind Band, maintaining morale and numbers and directing some excellent playing. To sharpen the focus of our Strategic Director on strategy, longer term planning and recruitment, his hours were reduced by 40%, with the remainder available if needed to fund operational tasks more cheaply elsewhere. A small Strategy Group comprising two trustees and our Administrator has also been established to steer the work of the Strategic Director. Trustees agreed several new policies to address Behaviour, Equality and Diversity and Whistle Blowing, as well as a clearly articulated Wind Progression Policy. With regard to statutory matters, the trustees monitor all Charity Commission updates for useful tips and reminders; and keep a particularly close eye on safeguarding and data protection. In particular, we maintain an Online Safety Policy and a Risk Management Statement and Risk Register. EDs also undertake basic First Aid training as a contractual requirement. Trustees recognise the need to be constantly looking for new fund-raising opportunities. Successful bids resulted in grants from the Ethel James Foundation for £5000 (including for Bursaries), the Freemasons for £600 and the Hub for £1150 to support event costs; and the Derbyshire Community Fund for £1000 towards rental costs. We also received a donation of a sax and a violin. An unexpected complication occurred when St Thomas More School suddenly declared that they were cancelling all community bookings from the end of the summer term, causing frantic efforts on the part of our Administrator to find new accommodation. Fortunately, we have been able to relocate Friday strings to Buxton Infants School and the midweek Big Band and Beginner Wind Band to Buxton Community School for September.

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Summary of Main
Activities cont’d …
A successful mid-year progress review was held in February with the Leader of
the Music Education Hub. Detailed actions taken with respect to each of the focus
areas and their impact are fully reported in the Year End Evaluation made to the
Hub (see Section D below). The Chair also attended the annual Hub meeting for
Music Centres in February.
Membership of the Hub entitles us to the services of the Hub Area Leader, Dan
Timmins, who acts as a musical adviser and is responsible for the quality control
of all musical activity and for the professional development of our ensemble
directors. He also has a role in supporting our Strategic Director of Music and he
has contributed to our revival planning.
We maintain close links at both Chair and ED level with our Hub neighbour, Dark
Peak Music Foundation, with a commitment to maintaining joint concerts and
initiatives when possible.
All our EDs are engaged with a local Music Service through which they receive
updates, including on key issues such as Safeguarding, and a certain amount of
professional development. Further to this, the trustees provide funding so that
EDs may keep their First Aid training up to date. Kenneth Tam will be at our next
ED to attend the Conducting Course at the RNCM, funded by the Hub and PDMC.
PDMC personnel are all self-employed and provide contracted services, which are
reviewed annually. PDMC personnel make up a dedicated and talented team
which serves the organisation with distinction and flair and which delivers the
considerable benefits and successes experienced by our young musicians.
PDMC attracts considerable support from the players’ parents, several of whom
actively support the work of the charity. All current trustees are either past or
present parents. Parent helpers provide weekly administrative and safeguarding
support for our ensemble rehearsals, as well as at performances and on trips and
tours. They also help with fund-raising. The organisation is deeply indebted to its
volunteers and sincerely acknowledges the contribution of our parent volunteers,
as well as the contribution of contracted personnel.
In an effort to engage more parents, the Chair wrote personally to every one of
them for the start of the year with a letter delivered through their letter boxes. We
held our AGM during Friday evening rehearsal time at St Thomas More School. A
small number of parents attended for a very constructive discussion and we were
able to recruit another parent trustee as a result.

Additional details of objectives and activities (Optional information)

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

Over the year we provided music making opportunities for over 200 young players, ranging from preparatory to senior level ensembles, and including some in our Engagement Project.

Ensembles

This year we have been able to maintain 10 established ensembles:

We also trialled a new choir for a short time and we were able to run five additional bridging ensembles as mentioned under Engagement Projects below.

Ensemble Directors

It is good to report that our team of 8 ensemble directors remained constant throughout the year.

Rehearsals

A full programme of face to face weekly term time rehearsals took place throughout the year in our normal venues of St Thomas More School, Hope Valley College and Lady Manners School.

Engagement Projects

We initiated five engagement projects in Harpur Hill Primary School (a mixed band), Buxton Infant (recorders) & Junior (percussion and recorder) Schools, and St Anne’s RC Primary School (recorders); and we held discussions with several more schools regarding possible engagement projects in the new school year.

Annual Concerts and Performances

Other Major Initiatives and Events

These events were all designed to raise the profile of PDMC and also to recruit new players, the former objective proving easier, thanks to excellent events and experiences, to achieve than the latter, with only a small number of new players recruited. However, they did involve a great deal of very fruitful collaboration and also helped raise some useful funds from bucket collections and donations.

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S ummary of Main Achievements cont’d

PDSO Tour of Devon and Cornwall

22 string players enjoyed a four day tour, based at Truro High School for Girls. Performances were given on the journey down at Dalwood Community Centre in Devon (our original contact for the tour) and then at Trelissick Garden (National Trust), Princess Pavilion, Falmouth and the school hall. There were disappointing audiences at the latter two events but excellent and appreciative audiences at the first two. In their specially commissioned hoodies, the players enjoyed good weather throughout and trips to Falmouth and Hidden Valley Puzzle Park. As always our young people were excellent ambassadors for PDMC. The tour was organised entirely by PDMC, and its success relied very heavily on an invaluable contribution to the planning by Marion Redman, our Administrator.

With the pandemic now behind us, PDMC is able to demonstrate again our reputation for nurturing young players and developing them into accomplished performers and, thanks to the skills and imagination of our EDs, for the high standards of ensemble playing achieved. Our players continue to audition successfully for the County Orchestra and Wind Band, and even for the National Youth Orchestra. A good many continue their music-making into adult life after leaving PDMC and some pursue professional careers in music. Indeed, some have returned to perform star solo roles in various public performances in the town.

A further significant achievement of the past year has been a real cementing of our relationship with schools across our patch. Our Engagement Project, some great collaborative events and the networking efforts of our Strategic Director have had a major impact. Several of our parents, past and present, have key roles in local schools and their support has been invaluable; and the fact that one of our trustees is a local primary school headteacher with direct access to the local cluster of schools has been of enormous benefit.

PDMC is a member of the Derbyshire Music Education Hub and is required to engage in an annual Service Level Agreement. Three priority areas had been identified, and were evaluated as shown, for the year:

1. To ensure the continuing revival of PDMC provision by:

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November 2023

2. To review and restructure the organisation’s management structures and personnel to expedite delivery of new initiatives and to ensure a Board focus on strategic and financial issues.

4. To devise and implement ways to strengthen parental engagement, including trustee recruitment and opportunities for parents to participate in music making.

Section E Financial review

Brief statement of the charity’s policy on reserves

A reserve roughly equal to two years’ funding from the Derbyshire Music Education Hub is retained; this currently stands at £40k and is reviewed annually.

A further restricted reserve, currently of approx. £17.3k, is available for specific earmarked purposes, including bursaries to address hardship, with funds released only as qualifying costs are incurred. A further unrestricted reserve of approx. £9k is available to fund specific improvements and developments, approved by the trustees; this latter fund is depleting.

Details of any funds materially in deficit

None.

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Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Our main sources of funding are the Derbyshire Music Education Hub grants; membership subscriptions; concert profits; donations; and other fundraising.

We operate a Friends Scheme to allow our supporters to make regular, gift-aided whenever possible, donations.

Our main expenditure is on the provision of ensemble venues, EDs and assistants, and administrative services.

A Virgin Money interest paying charity account is operated in order to maximise the return on reserve monies not immediately needed.

Section F Other optional information

n/a

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature

Full name Position Date

David Brindley Chair

15 March 2024

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November 2023

Charity No
(if any)
1187080
Period start date
01-Sep-22
To
Period end
date
31-Aug-23
Peak District Music Centres
Annual accounts for the period
Charity No
(if any)
1187080
Period start date
01-Sep-22
To
Period end
date
31-Aug-23
Peak District Music Centres
Annual accounts for the period
Section A Statement of financial activities
Recommended categories by
activity
Guidance Note
Incoming resources (Note 3)
Income and endowments from:
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
Resources expended (Note 6)
Expenditure on:
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
Extraordinary items
S16
S17
S18
Other gains/(losses)
S19
S20
Reconciliation of funds:
S21
S22
1
Total
Net movement in funds
Total funds brought forward
Total funds carried forward
Total
Net income/(expenditure) before investment
gains/(losses)
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
funds
£
£
£
£
£
F01
F02
F03
F04
F05
38,710
1,000
-
39,710
48,801
18,561
-
-
18,561
3,273
-
-
-
-
-
300
-
300
90
-
-
-
-
-
-
-
-
-
-
57,571
1,000
-
58,571
52,164
-
-
-
-
-
59,806
6,122
-
65,928
46,479
-
-
-
-
-
1,914
-
-
1,914
1,829
61,720
6,122
-
67,842
48,308
4,149
-
5,122
-
-
9,271
-
3,856
-
-
-
-
-
4,149
-
5,122
-
-
9,271
-
3,856
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,149
-
5,122
-
-
9,271
-
3,856
66,038
22,698
-
88,736
84,880
61,889
17,576
-
79,465
88,736

Section B Balance sheet

Fixed assets
Intangible assets (Note 15)
Tangible assets (Note 14)
Heritage assets (Note 16)
Investments (Note 17)
Total fixed assets
Current assets
Stocks (Note 18)
Debtors (Note 19)
Investments (Note 17.4)
Cash at bank and in hand (Note 24)
Total current assets
Creditors: amounts falling due within
one year (Note 20)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 20)
Provisions for liabilities
Total net assets or liabilities
Funds of the Charity
Endowment funds (Note 27)
Restricted income funds (Note 27)
Unrestricted funds
Revaluation reserve
Total funds
Signed by one or two trustees on behalf of all
the trustees
Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10

B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
Unrestricted
funds
£
F01
-
-
-
-

Restricted
income
funds
£
F02
-
-
-
-
Endowment
funds
Total this
year
£
£
F03
F04
- -
- -
- -
- -
Total last
year
£
F05
-
-
-
-
- - - - -
-
1,595
57,424
13,620
-
-
17,576
-
- -
- 1,595
- 75,000
- 13,620
-
1,295
75,000
30,351
72,639 17,576 - 90,215 106,646
17,910
10,750 - - 10,750
61,889 17,576 - 79,465 88,736
61,889 17,576 -79,465 88,736
-
-
-
-
-
-
- -
- -
61,889 17,576 -
79,465
88,736
-
61,889
17,576 -
17,576
- 61,889
-
-
22,698
66,038
61,889 17,576 - 79,465 88,736
Signature David Brindley
Chair
Print Name
Date of
approval
dd/mm/yyyy
15/03/2024

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* Yes * -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

Where accounts are not prepared on a going
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.
Disclosure of any uncertainties that make the
going concern assumption doubtful;
An explanation as to those factors that support
the conclusion that the charity is a going
concern;

Not applicable
Not applicable

Not applicable

1.3 Change of accounting policy

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The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2
Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy; not applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; not applicable
and
(iii) the amount of the adjustment for each line affected not applicable
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.
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1.4 Changes to accounting estimates

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No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of any changes; not applicable
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and not applicable
(iii) where practicable, the effect of the change in one or not applicable
more future periods.
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1.5 Material prior year errors

Yes
No

No material prior
year erro r have been identified in the reporting period (3.47 FRS 102 SORP).
* -Tick as appropriate

Please disclose:

Please disclose:
(i) the nature of the prior period error; not appliable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
not appliable
(iii) the amount of the correction at the beginning of the not appliable
earliest prior period presented in the accounts.

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Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change in accounting policy

Reconcilation of funds per previous GAAP to funds determined under FRS 102

Start of End of period period £ £

Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

End of £ Net income/(expenditure) as previously stated Adjustments:

Previous period net income/(expenditure) as restated

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

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This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a
different or additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and Yes No N/a
 the monetary value can be measured with sufficient reliability. 
Yes No N/a
There has been no offsetting of assets and liabilities, or income and expenses, unless required
Offsetting or permitted by the FRS 102 SORP or FRS 102. 
Yes No N/a
Grants and donations are only included in the SoFA when the general income
Grants and donations recognition criteria are met (5.10 to 5.12 FRS102 SORP). 
In the case of performance related grants, income must only be recognised to the extent Yes No N/a
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP). 
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has Yes No N/a
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the 
charity or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period

Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift Yes No N/a
donations and gifts and is treated as an addition to the same fund as the initial donation unless the donor or 
the terms of the appeal have specified otherwise.
Yes No N/a
Contractual income and
This is only included in the SoFA once the charity has provided the related goods or
performance related services or met the performance related conditions. 
grants
Yes No N/a
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods
exchanged) unless impractical to do so. 
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
Yes No N/a
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised 
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
Yes No N/a
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading 
activities'.
Yes No N/a
Goods donated for on-going use by the charity are recognised as tangible fixed assets

and included in the SoFA as incoming resources when receivable.
Yes No N/a
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable. 
Yes No N/a
Donated services and Donated services and facilities are included in the SOFA when received at the value of
facilities the gift to the charity provided the value of the gift can be measured reliably. 
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate

heading in the SOFA.
Yes No N/a
Support costs The charity has incurred expenditure on support costs.

Yes No N/a
The value of any voluntary help received is not included in the accounts but is described
Volunteer help
in the trustees’ annual report. 
Yes No N/a
Income from interest This is included in the accounts when receipt is probable and the amount receivable can
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2.4 ASSETS
Intangible fixed assets
Heritage assets
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
£1,000
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Investment gains and
losses
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.


Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

----- Start of picture text -----
Investments Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year Yes No N/a
end. The same treatment is applied to unlisted investments unless fair value cannot be 
measured reliably in which case it is measured at cost less impairment.
Yes No N/a
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments 
Yes No N/a
Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
progress realisable value. 
Yes No N/a
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock. 
Yes No N/a
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract. 
Debtors (including trade debtors and loans receivable) are measured on initial recognition at Yes No N/a
Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently,

they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and Yes No N/a
Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and
investments cash equivalents with a maturity date of less than one year held for investment purposes rather 
than to meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments. 
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
----- End of picture text -----

Section C Notes to the accounts (cont)

Note 3 Analysis of income

----- Start of picture text -----
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 1,977 - - 1,977 20,194
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities 25,095 1,000 - 26,095 18,507
Membership subscriptions and sponsorships
which are in substance donations 11,638 - 11,638 10,100
Donated goods, facilities and services - - - - -
Other - - - -
Total 38,710 1,000 - 39,710 48,801
Charitable Income from concerts
6,680 - - 6,680 3,273
activities:
Parent contributions to tours and trips 11,881 - - 11,881 -
- - - - -
Other - - - - -
Total 18,561 - - 18,561 3,273
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income 300 - - 300 90
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 300 - - [ 300 90 ]
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 57,571 1,000 - 58,571 52,164
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts) Not applicable
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Not applicable
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
Not applicable
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
Not applicable
----- End of picture text -----

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Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1
Government grant 2
Government grant 3
Other
Government grant 1
Government grant 2
Government grant 3
Other
Please provide details of any
unfulfilled conditions and other
contingencies attaching to grants
that have been recognised in income.
Please give details of other forms of
government assistance from which
the charity has directly benefited.
This year
£
17,000
845
1,650
-
Total
19,495
Last year
£
17,000
507
1,000
-
Total 18,507
This year
None
This year
None
Last year
None
None
Last year
Annual Grant
Insurance grant
Grants for projects
Annual Grant
Insurance Grant
Grants for projects
Description
Description

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Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

----- Start of picture text -----
This year Last year
£ £
Seconded staff - -
Use of property - -
Other - -
- -
This year Last year
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.
Please provide details of any unfulfilled
conditions and other contingencies
attaching to resources from donated
goods and services not recognised in
income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.
----- End of picture text -----

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Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

----- Start of picture text -----
This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - -
Operating membership schemes and
social lotteries - - - - -
Staging fundraising events
- - - - -
Fudraising agents - - - - -
Operating charity shops - - - - -
Operating a trading company
undertaking non-charitable trading
activity - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating
new source of future income - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds - - - - - - - -
Expenditure on charitable activities:
Ensemble Director and Assistant costs 21,095 - - 21,095 16,876 - - 16,876
Administrator, Co-ordinator and event
manager costs 12,688 12,688 10,647 10,647
Concert and fundraising costs 678 678 2,055 2,055
Rehearsal venue rent 7,820 7,820 6,943 6,943
Membership database and text service
1,953 - - 1,953 1,776 1,776
Music and equipment purchases 547 547 565 565
Hardship assistance 1,697 1,697 - 1,776 1,776
Strategic Director of
Music/development projects
3,600 4,425 - 8,025 5,809 - 5,809
Trips and tours 11,425 11,425
Other - - - - 33 - 33
Total expenditure on charitable
activities 59,806 6,122 - 65,928 44,703 1,776 - 46,479
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
Insurance 989 - - 989 664 - - 664
Printing and postage 235 235 29 29
ED and EA attendance at meetings and 105 105 479 479
ED training - - 100 100
Bankline, GoCardless and Sumup fees
316 316 291 291
Licences and registrations 40 - - 40 40 - - 40
Website costs 108 - - 108 106 - - 106
Other costs 120 - - 120 120 - - 120
Total other expenditure 1,914 - - 1,914 1,829 - - 1,829
TOTAL EXPENDITURE 61,720 6,122 - 67,842 46,532 1,776 - 48,308
----- End of picture text -----

Other information:

Analysis of expenditure on charitable activities

Activity or programme
Activity 1
Activity 2
Other
Total
Activities
undertaken
directly
Grant
funding of
activities
Support
Costs
Total this
year
Activities
undertaken
directly
Grant
funding of
activities
Support
Costs
Total last
year
£
£
£
£
£
£
£
£
-
-
- - - - -
-
-
-
- - - - -
-
-
-
- - - - -
-
This year
Last year
-
-
- - - - -
-

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Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Extraordinary item 1
Extraordinary item 2
Extraordinary item 3
Extraordinary item 4
Total extrordinary items
Description
This year
Last year
£
£
- -
- -
- -
- -
- -
- -

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Section C Notes to the accounts

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

----- Start of picture text -----
Amount received Amount paid out Balance held at period end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the
purchase of goods or services, please discose details of any balances outstanding between any participating members.
Description/name of party
Balance held at period end
This year Last year
£ £
- -
- -
- -
- -
- -
Total - -
----- End of picture text -----

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Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

----- Start of picture text -----
Charitable
Support cost Raising funds activities Other Activity 3 Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
Governance - - - - -
- - - - -
- - - - -
- - - - -
- 16,288 1,914 - 18,202
Other
- 16,288 1,914 - 18,202
Total
----- End of picture text -----

Last year

Governance
Other
Total
Support cost
(examples)
Raising funds
Charitable
activities
Other
Activity 3
Grand total
Basis of allocation
£
£
£
£
£
(Describe method)
- - - - -
- - - - -
- - - - -
- - - - -
16,456 1,829 - 18,285
- 16,456 1,829 - 18,285

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

Costs which cannot be attribute to a single activity (including the cost of central functions) have been apportioned based on actual costs incurred. None of the costs relate to Governance

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Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid
to the independent examiner

Independent examiner’s fees
Assurance services other than audit or independent examination
Tax advisory fees
This year
Last year
£
£
120 120
- -
- -
- -

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Section C Notes to the accounts (cont)

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

This year:
Salaries and wages
Social security costs
Other employee benefits
Total staff costs
Pension costs (defined contribution scheme)
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related party
This year
Last year
£
£
- -
- -
- -
- -

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Band
Please provide the total amount paid to key management
personnel (includes trustees and senior management) for their
services to the charity. For specific amounts paid to trustees,
see Note 28.
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999
This year
Last year
- -
- -
- -
- -
- -
This year
Last year
£
£
- -
Number of employees

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11.2 Average head count in the year The parts of the charity in which the employees work

----- Start of picture text -----
This year Last year
Number Number
Fundraising - -
Charitable Activities - -
Governance - -
Other - -
Total - -
----- End of picture text -----

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the
payment
Please state the legal authority or
reason for making the payment
Please state the amount of the payment
a right to an asset)
This year
Last year
This year
Last year
(or value of any waiver of
This year
Last year
£
£
- -

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11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Please state the accounting policy for any redundancy or
termination payments
The extent of redundancy funding at the balance sheet date
The nature of the payment (cash, asset
etc.)
Total amount of payment
This year
Last year
£
£
- -
This year
Last year
£
£
- -

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Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Please explain the basis for allocating the liability and expense of
defined contribution pension scheme between activities and
between restricted and unrestricted funds.
Amount of contributions recognised in the SOFA as an expense
This year
£
-
Last year
£
-

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity for this year and last year, if different

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details

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Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

----- Start of picture text -----
13.1 Analysis of grants paid (included in cost of charitable activities)
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
----- End of picture text -----

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

13.2 Grants made to institutions
Yes
No
TOTAL GRANTS PAID
Other unanalysed grants
Total grants to institutions in reporting period
Purpose
Names of institution
My charity has made grants to particular institutions that are material in the
context of its grantmaking. Details of the institution supported, purpose of
the grant and total paid to each institution is available on the charity's web
site.
Please provide
details of
charity's URL.
Provide details
below
Total amount of
grants paid £
-
-
-
-
-
-
-
-
-
-
-
-
-

Last year:

Last year: Last year: Last year: Last year:
13.3 Analysis of grants paid (included in cost of charitable activities)
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

13.4 Grants made to institutions
Yes
No
TOTAL GRANTS PAID
Total grants to institutions in reporting period
Other unanalysed grants
My charity has made grants to particular institutions that are material in the
context of its grantmaking. Details of the institution supported, purpose of
the grant and total paid to each institution is available on the charity's web
site.
Names of institution
Purpose
Please provide
details of
charity's URL.
Provide details
below
Total amount of
grants paid £
-
-
-
-
-
-
-
-
-
-
-
-
-

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Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

----- Start of picture text -----
Freehold land & Other land & Plant, Fixtures, fittings Total
buildings buildings machinery and and equipment
motor
vehicles
£ £ £ £ £
At the beginning of the year - - - - -
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - - -
14.2 Depreciation and impairments
Basis SL or RB (Straight SL or RB SL or RB SL or RB SL or RB
Line or Reducing
Balance)
Rate
At beginning of the year - - - - -
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers - - - - -
At end of the year - - - - -
14.3 Net book value
Net book value at the beginning of the year - - - - -
Net book value at the end of the year - - - - -
14.4 Impairment
This year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
Last year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised had the assets been - -
carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of - -
tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible - -
fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
----- End of picture text -----*

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts (cont)

Note 15 Intangible assets Please complete this note if the charity has any intangible assets

15.1 Cost or valuation

Research &
development
£
Research &
development
£
Research &
development
£
Patents and
trademarks
£
Patents and
trademarks
£
Other
£
Total
£
At beginning of the year - - - -
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers * - - - -
At end of the year - - - -
15.2 Amortisation and impairments
*Basis*
Rate
SL
or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
At beginning of the year - - - -
Disposals - - - -
Amortisation - - - -
Impairment - - - -
Transfers* - - - -
At end of year - - - -
15.3 Net book value
Net book value at the beginning - - - -
of the year
Net book value at the end of the - - - -
year

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates

Policies for the recognition of any capital development

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----- Start of picture text -----
15.5 Impairment
This year:
Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
Last year:
Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
15.6 Revaluation
If an accounting policy of revaluation is adopted, please provide:
This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied
the carrying amount that would have been recognised
had the assets been carried under the cost model.
15.7 Other disclosures
(i) If your intangible asset was acquired by way of grant,
provide value on initial recognition and carrying amount
of the asset.
(ii) Details of the carrying amounts of any intangible
assets to which the charity has restricted title or that are
pledged as security for liabilities.
(iii) Please provide the amount of contractual
commitments for the acquisition of intangible assets.
(iv) State the amount of research and development
expenditure recognised as expenditure in the year.
(v) Please detail the headings in the SOFA in which a
charge for amortisation of intangible assets is included.
(vi) For any material intangible assets, please provide a
description, its carrying amount and any remaining
amortisation period.
----- End of picture text -----

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts (cont)

(i) Explain the nature and scale of
heritage assets held.
(ii) Explain the policy for the
acquisition, preservation,
management and disposal of heritage
assets.
Heritage asset
1
Heritage asset
2
£
£
At beginning of the year
- -
Additions
- -
Disposals
- -
Revaluations
- -
Transfers
- -
At end of the year
- -
Basis*
Rate
At beginning of the year
- -
Disposals
- -
Depreciation
- -
Impairment
- -
Transfers
- -
At end of year
- -
Net book value at the beginning of the
year
- -
Net book value at the end of the year
- -
16.5 Impairment
This year
This year
Please provide a description of the events and circumstances
that led to the recognition or reversal of an impairment loss.
16.3 Depreciation and impairments
16.4 Net book value
16.2 Cost or valuation
Note 16 Heritage assets
Please complete this note if the charity has heritage assets
16.1 General disclosures for all charities holding heritage assets*

Heritage asset
3
Heritage asset
4
Total
£
£
£
- - -
- - -
- - -
- - -
- - -
- - -
Straight Line
("SL") or
Reducing
Balance
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Last year

Last year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer

This year Last year

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24

the methods applied and significant assumptions

any significant limitations on the valuation

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

Carrying amount at the beginning of the
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period
At valuation
Group A
At cost Group
B
Total
£
£
£
- - -
- - -
- - -
- - -
- - -
- - -

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets. (iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.

This year Last year

16.9 Five year summary of heritage assets transactions

2015
2014
2013
2012
2011
£
£
£
£
£
Purchases
Group A
Group B
Group C
Other
Donations
Group A
Group B
Group C
Other
Total additions
Charge for impairment
Group A
Group B
Group C
Other
Total charge for impairment
Disposals
Group A - carrying amount
Group B - carrying amount
Group C
Other
Total disposals
- - - - -
- - - - -
-
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

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Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Cash & cash
equivalents
Listed
investments
Investment
properties
Social
investments
Other
Total
Carrying (fair) value at beginning of
period
- - - - - -
Add:additions to investments during
period
- - - - - -
Less:disposals at carrying value
- - - - - -
Less: impairments
- - - - - -
Add: Reversal of impairments
- - - - - -
Add/(deduct):transfer in/(out) in the
period
- - - - - -
Add/(deduct):net gain/(loss) on
revaluation
- - - - - -
Carrying (fair) value at end of year
- - - - - -
Please specify additions resulting from
acquisitions through business combinations, if
any.
Cash & cash
equivalents
Listed
investments
Investment
properties
Social
investments
Other
Total
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Cash & cash
equivalents
Listed
investments
Investment
properties
Social
investments
Other
Total
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

This year:
Analysis of investments
Cash or cash equivalents
Investment properties
Last year:
Analysis of investments
Cash or cash equivalents
Investment properties
Total
Grand total (Fair value at year end+Cost less impairment)
Other investments
Total
Social investments
Grand total (Fair value at year end+Cost less impairment)
Other investments
Listed investments
Listed investments
Social investments
-
-
-
-
Cost less impairment
- -
Fair value at year end
£
-
£
-
-
-
-
-
-
- -
Fair value at year end
Cost less impairment
- -
- -
- -
- -
- -
-
£
£

17.3 If your charity holds investment properties, please complete the following note:

This year

Last year

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(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications (iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

17.5 Guarantees
Total
Terms and conditions eg interest rate, security
provided
17.6 Concessionary loans
Amount of concessionary loans made (Multiple
loans made may be disclosed in aggregate provided
that such aggregation does not obsure significant
information ).
Total
Total
Please provide details and amount of any guarantee made to
or on behalf of a third party
Name of the entity or entities benefitting from those
guarantees
Please explain how the guarantee furthers the charity's aims
Analysis of current asset investments
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Other investments
Amount of concessionary loans received(Multiple
loans received may be disclosed in aggregate
provided that such aggregation does not obsure
significant information).
This year £
Last year £
- -
- -
- -
- -
- -
This year £
Last year £
- -
- -
- -
- -
-
Last year
75,000
75,000
-
This year
-
-
-
-
Description
75,000
This year
Last year
-
75,000
-
This year
Last year
£
£
Description
75,000
Description
This year
This year
Description

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Value of any concessionary loans which have been committed but not taken up at the reporting date Amounts payable within 1 year Amounts payable after more than 1 year Amounts receivable within 1 year Amounts receivable after more than 1 year

17.7 Additional information This year Last year Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.

For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.

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Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

18.1 Please state the carrying amount of stock and work in progress analysed between
activities.
unt of stock and work in progress analysed between unt of stock and work in progress analysed between
For
distribution
For resale
For
distribution
For resale
£
£
£
£
£
Charitable activities:
Opening
- - - - -
Added in period
- - - - -
Expensed in period
- - - - -
Impaired
- - - - -
Closing
- - - - -
Other trading activities:
Opening
- - - - -
Added in period
- - - - -
Expensed in period
- - - - -
Impaired
- - - - -
Closing
- - - - -
Other:
Opening
- - - - -
Added in period
- - - - -
Expensed in period
- - - - -
Impaired
- - - - -
Closing
- - - - -
Total this year
- - - - -
Total previous year
- - - - -
Work in
progress
18.2 Please specify the carrying amount of
any stocks pledged as security for liabilities
Stock
Donated goods
This year
Last year
£
£
For
distribution
For resale
For
distribution
For resale
£
£
£
£
£
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Work in
progress
Stock
Donated goods
- - - - -
- - - -
This year
Last year
£
£

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors

----- Start of picture text -----
This year Last year
£ £
-
1,505.0 1,205.0
90.0 90.0
1,595.0 1,295.0
----- End of picture text -----

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors
Prepayments and accrued income
Other debtors
Total
This year
Last year
£
£
- -
- -
- -
- -
- -

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors

----- Start of picture text -----
Amounts falling due within Amounts falling due after
one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
- - - -
750 910 - -
- - - -
10,000 17,000 - -
- - - -
- - - -
Total 10,750 17,910 - -
----- End of picture text -----

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.
Movement in deferred income account
Balance at the start of the reporting period
Amounts added in current period
Amounts released to income from previous periods
Balance at the end of the reporting period

This year
Music Education Hub for
Derbyshire paid the annual
grant for 2023-24 in
February 2023.
This year
Last year
£
£
17,000 17,000
10,000 17,000
- 17,000 - 17,000

Last year
Music Education Hub for
Derbyshire paid the annual
grant for 2022-23 in April
2022.
10,000 17,000

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Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Movements in recognised provisions and funding commitment during the period
21.2 Please provide:
- a brief description of any obligations on the
balance sheet and the expected amount and timing of
resulting payments;
- an indication of the uncertainties about the amount
or timing of those outflows; and
- the amount of any expected reimbursement, stating
the amount of any asset that has been recognised for
that expected reimbursement.
21.3 For any funding commitment that is not
recognised as a liability or provision, provide details
of commitment made, the time frame of that
commitment, any performance-related conditions and
details of how the commitment will be funded (with
contracts for capital expenditure separately
identified).
21.4 Where unrestricted funds have been designated
to a fund commitment, please disclose the nature of
any amounts designated and the likely timing of that
expenditure.
Amounts added in current period
Amounts charged against the provision in the current period
Unused amounts reversed during the period
Balance at the start of the reporting period
Balance at the end of the reporting period
This year
This year
This year
Last year
£
£
- -
- -
- -
- -
- -
Last year
Last year

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Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

This year Last year 22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.

22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.

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Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.

This year

----- Start of picture text -----
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
Last year
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
----- End of picture text -----

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

probable
This year
Description of item Estimate of financial effect
Last year
Description of item Estimate of financial effect
23.4 Other disclosures for contingent assets and/or liabilities
Please provide the following information where practicable:
This year Last year
Explain any uncertainties relating to the amount or
timing of settlement; and the possibilty of any
reimbursement
Where it is not practical to make one or more of these
disclosures, please state this fact

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other
Cash at bank and on hand
Total
Short term cash investments (less than 3 months maturity date)
Short term deposits
This year
£
-
12,774
847
-
Last year
£
-
28,188
2,163
-
13,620 30,351

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Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

This year Last year 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

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Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the

Please provide details of the nature of the
event
Provide an estimate of the financial effect
of the event or a statement that such an
estimate cannot be made
This year
Last year

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Hardship fund R To assist all children to access PDMC 4,607 1,000 (1,697) - - 3,910
To fund specific projects, per terms of
Other restricted reserves R original donation 18,091 - (4,425) - - 13,666
To sustain PDMC in case hub funding is
Permanent reserve U withdrawn 40,000 - - - - 40,000
To fund specific projects as decided by
Other unrestricted reserves U Trustees 26,038 (4,149) - - 21,889
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 88,736 1,000 - 10,271 - - 79,465
----- End of picture text -----*

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Hardship fund R To assist all children to access PDMC 6,383 - (1,776) - - 4,607
To fund specific projects, per terms of
Other restricted reserves R original donation 18,091 - - - - 18,091
To sustain PDMC in case hub funding is
Permanent reserve U withdrawn 40,000 - - - - 40,000
To fund specific projects as decided by
Other unrestricted reserves U Trustees 20,406 11,441 (5,809) - - 26,038
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 84,880 11,441 - 7,585 - - 88,736
----- End of picture text -----*

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

This year

This year
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds
Last year
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds

27.4 Designated funds

This year

This year
27.4 Designated funds
Planned use Purpose of the designation Amount
Last year
Planned use Purpose of the designation Amount

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Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee
Legal authority (eg
order, governing
document)
Remuneration
Pension
contribution
Redundancy
(including
loss of
office)/ex
gratia
Other
TOTAL
£
£
£
£
£
- - - -
-
- - - -
-
- - - -
-
- - - -
-
Amounts paid or benefit value

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee
Legal authority (eg
order, governing
document)
Remuneration
Pension
contribution
Redundancy
(including
loss of
office)/ex
gratia
Other
TOTAL
£
£
£
£
- - - -
-
- - - -
-
- - - -
-
- - - -
-
Amounts paid or benefit value

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Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

Accommodation
Other (please specify):
-
Travel
£
This year
-
-
TOTAL
-
-
-
No trustee expenses have been incurred (True or False)
Type of expenses reimbursed
Subsistence
£
This year
-
-
-
-
-
-
-


£
-
-


-
Last year

TRUE

-

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

This year This year This year This year
There have been no related party transactions in the reporting period (True or False) FALSE
Amounts
Name of the trustee
or related party
Relationship
to charity
Description of the
transaction(s)
Amount Balance at
period end
Provision for bad debts
at period end
written off
during
reporting
period
£ £ £ £
Hannah Watson Trustee Ensemble Director fees 1323.75 0 0 0
paid to Hannah Watson

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

Fees for services as self employed Ensemble Director. These services were provided under the same terms as other Ensemble Directors, including the hourly payment rate.

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For any related party, please provide details of any guarantees given or received.

None

Last year

Last year Last year Last year Last year
There have been no related party transactions in the reporting period (True or False) TRUE
Amounts
Name of the trustee
or related party
Relationship
to charity
Description of the
transaction(s)
Amount Balance at
period end
Provision for bad debts
at period end
written off
during
reporting
£ £ £ period
£

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

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Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

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Independent Examiner’s report to the trustees of Peak District Music Centre CIO

I report on the accounts of the company for the year ended 31 August 2023.

Respective responsibilities of Trustees and Examiner

The trustees (who are also the directors of the company) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is needed. The charity’s gross income has not exceeded £250,000. I am qualified to undertake the examination by being a qualified member of ICAEW.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general 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 you as 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 matter have come to my attention:

  1. Which gives me reasonable cause to believe that in any material respect the requirements:

  2. To keep accounting records in accordance with section 386 of the Companies Act 2006

  3. To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

Have not been met; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name: Robert Layton

Relevant Professional qualification or body: ICAEW

Address: 6 Manchester Road, Buxton, Derbyshire, SK17 9SB

Date: 15 March 2024