| STATEMENT OF FINANCIAL | STATEMENT OF FINANCIAL | STATEMENT OF FINANCIAL | ACTIVITIES FOR | ACTIVITIES FOR | ACTIVITIES FOR | THE YEAR ENDED 31 MARCH 2021 | THE YEAR ENDED 31 MARCH 2021 | THE YEAR ENDED 31 MARCH 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| Restricted funds, unrestricted |
funds | Notes | 2021 | 2021 | 2021 | 2020 | |||
| and total funds | Unrestricted | Restricted | Total | Total | |||||
| funds | income funds |
fundsf | funds | ||||||
| Income and Endowments | from: | ||||||||
| Donations and legacies |
|||||||||
| Regular subscriber donations |
5,884 | 5,884 | 6,625 | ||||||
| Other legacies and donations | 10,603 | 1,200 | 11,803 | 40,869 | |||||
| Fundraising activities |
7,754 | ||||||||
| Income tax refund on Gift |
Aid | 1,340 | 5,124 | 6,464 | 13,096 | ||||
| donations | |||||||||
| 17,827 | 6,324 | 24,151 | 68,344 | ||||||
| Charitable activities |
|||||||||
| Income from Reunion | 2,540 | ||||||||
| Music loan donations | 620 | 620 | 1,292 | ||||||
| 620 | 620 | 3,832 | |||||||
| Investments | |||||||||
| Bank interest received | 54 | 394 | 448 | 579 | |||||
| Other interest received | 2 | 8 | 10 | 25 | |||||
| Dividends on investments |
2,400 | 2,400 | 3,011 | ||||||
| 2,456 | 402 | 2,858 | 3,615 | ||||||
| Total income and endowments | 20,903 | 6,726 | 27,629 | 75,791 | |||||
| Expenditure on: |
|||||||||
| Charitable activities |
|||||||||
| Grants in furtherance ofthe |
charity's | (598) | |||||||
| objects | |||||||||
| Costs of activities in furtherance |
ofthe | 4 | (7,706) | (975) | (8,281) | (11,751) | |||
| charity's objects | |||||||||
| Fundraising activities |
(2,315) | ||||||||
| Support costs | 5 | (1,446) | (1,446) | (1,404) | |||||
| Resources expended on managing |
and | 6 | (223) | ||||||
| administering the charity |
|||||||||
| Total expenditure | (9,152) | (575) | (9,727) | (16,291) | |||||
| Net income / (expenditure) |
before | 11,751 | 6,151 | 17,902 | 59,500 | ||||
| investment gains / (losses) |
|||||||||
| Net gains (losses) on investments | 12 | 19,706 | 19,706 | (15,236) | |||||
| Net income/(expenditure) |
and | net | 31,457 | 6,151 | 37,608 | 44,264 | |||
| movement in funds |
|||||||||
| Reconciliation offunds: |
|||||||||
| Total funds brought forward |
(restated) | 173,269 | 132,094 | 305,363 | 261,099 | ||||
| Total funds carried forward | 204,726 | 138,245 | 342,971 | 305,363 |
| Income &expenditure | account for Music Camp Ltd | account for Music Camp Ltd | account for Music Camp Ltd | account for Music Camp Ltd | account for Music Camp Ltd | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Year ending 31 March | |||||||
| Income | 24,771 | 72,176 | |||||
| Gains/(losses) on investments |
19,706 | (15,236) | |||||
| Interest and investment | income | 2,858 | 3,615 | ||||
| Gross income in the reporting | period | 47,335 | 60,555 | ||||
| Expenditure | (5,645) | (12,180) | |||||
| Depreciation | (4,082) | (4,111) | |||||
| Total expenditure in the |
reporting | period | (9,727) | (16,291) | |||
| Net income/(expenditure) | for | the | financial | year before tax for | 37,608 | 44,264 | |
| the period | |||||||
| Tax payable | |||||||
| Net income/(expenditure) | for the financial | year | 37,608 | 44,264 |
| BALANCE SHEET AT 31 MARCH 2021 | |||
|---|---|---|---|
| Notes | 2021 | 2020 | |
| Total funds | Total funds | ||
| Fixed Assets | |||
| Tangible Assets | 1'/ | 27,105 | 31,023 |
| Financial investments |
12 | 110,485 | 88,397 |
| Violin held as an investment | '/3 | 21,300 | 21,300 |
| Total fixed assets | 158,890 | 140,720 | |
| Current Assets | |||
| Debtors 8 other current assets | 14 | 985 | 210 |
| Cash at bank and in hand |
18 | 183,321 | 164,433 |
| Total current assets | 184,306 | 164,643 | |
| Liabilities | |||
| Creditors: amounts falling due within one year |
15 | (225) | |
| Net current assets/(liabilities) | 184,081 | 164,643 | |
| Total net assets or liabilities | 342,971 | 305,363 | |
| The funds ofthe charity: | |||
| Unrestricted reserves |
16 | 184,041 | 172,290 |
| Restricted income funds |
16 | 138,245 | 132,094 |
| Revaluation reserves |
16 | 20,685 | 979 |
| Total charity funds | 342,971 | 305,363 |
| Notes | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| funds | funds | |||||||
| Cash provided | by (used in) operating | activities | 18,576 | 58,628 | ||||
| Cash flows from investing activities |
||||||||
| Interest income | 458 | 604 | ||||||
| Other investment | income | 18 | ||||||
| Purchase oftangible fixed assets |
(164) | (3,851) | ||||||
| Purchase of investment asset |
||||||||
| Cash provided | by (used in) investing | activities | 18,888 | 55,381 | ||||
| Cash flows from financing activities |
||||||||
| Increase (decrease) in cash and |
cash | equivalents | in the | 18,888 | 55,381 | |||
| year | ||||||||
| Cash and cash | equivalents at the |
beginning | ofthe year | 164,433 | 109,052 | |||
| Total cash and | cash equivalents | at the end ofthe | year | 183,321 | 164,433 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Contribution | to cost of music at Camps | 3,700 | ||||
| Kitchen small equipment | (including | repairs) | 1,235 | |||
| Costs of Reunion | 1,801 | |||||
| Contribution | to cost of repair ofJubiloo roof | 768 | ||||
| Expenditure | on new Barn | Roof works | 575 | |||
| Exceptional | 'Covid' grant | towards | insurance | costs | 2,856 | |
| Depreciation | offixed assets | 4,082 | 4,111 | |||
| Total | 8,281 | 10,847 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Subscriptions | (Making | Music/NFMS) | 384 | 384 | |
| Insurance | 793 | 793 | |||
| Photocopying | costs | ||||
| Library stationery | 135 | ||||
| Computing costs (accounting |
software) | 269 | 92 | ||
| Roof survey | cost | ||||
| Total | 1,446 | 1,404 |
| Inco | me from Investments, other interest re |
ceivable and similar income |
|
|---|---|---|---|
| 2021 | 2020 | ||
| f. | |||
| Bank interest | 448 | 579 | |
| Other interest | 10 | 25 | |
| Investment | income - distributed | 18 | |
| Investment | income - reinvested | 2,382 | 3,011 |
| Total | 2,858 | 3,615 |
| ut-of-pocket expenses incurred by three director eimbursed as follows: |
s acting as agents for the charity | were |
|---|---|---|
| 2021 | 2020 | |
| R | ||
| Equipment | 72 | |
| Reunion expenses | ||
| Other company expenses | 60 | |
| Total | 132 |
| 1. Tangible Fixed A |
ssets | ||||
|---|---|---|---|---|---|
| Buildings | Musical | Fixtures, | Music | Total | |
| Instruments | Fittings & | Library | |||
| Equipment | |||||
| Cost | |||||
| At 1 April 2020 | 12,070 | 53,677 | 28,322 | 39,788 | 133,857 |
| Additions | 164 | 164 | |||
| Dis osals | |||||
| At 31 March 2021 | 12,070 | 53,677 | 28,322 | 39,952 | 134,021 |
| Depreciation | |||||
| At 1 April 2020 | 10,696 | 39,665 | 24,483 | 27,990 | 102,834 |
| Provision for the year |
459 | 2,137 | 684 | 802 | 4,082 |
| Dis osals | |||||
| At 31 March 2021 | 11,155 | 41,802 | 25,167 | 28,792 | 106,916 |
| Net BookValue | |||||
| At 1 April 2020 | 1,374 | 14,012 | 3,839 | 11,798 | 31,023 |
| At 31 March 2021 | 915 | 11,875 | 3,155 | 11,160 | 27,105 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Market value at 31 March 2020 | 88,397 | 100,622 | |||||
| Income reinvested | in year | 2,382 | 3,011 | ||||
| Revaluation gain (loss) |
19,706 | 15,236 | |||||
| Market value at 31 March 2021 | 110,485 | 88,397 | |||||
| The investment at cost comprises: |
|||||||
| 24,313.931 units: | CAF UK Equity Growth | Fund | 29,000 | 29,000 | |||
| 23,392.147units: | CAF Fixed Interest | Fund | 29,000 | 29,000 | |||
| BMO Responsible | UK Income Fund | (Accumulation | units) | 3,000 | 3,000 | ||
| BMO Responsible | Global Equity Fund (Accumulation | units) | 2,000 | 2,000 | |||
| BMO Responsible | UK Income Fund | (Distribution | units) | 1,500 | 1,500 | ||
| BMO Responsible | Global Equity Fund (Distribution | units) | 1,000 | 1,000 | |||
| 10,661.439units: | CAF UK Equitrack | Fund | 7,500 | 7,500 | |||
| 73,000 | 73,000 | ||||||
| 13. Violin held |
as investment | ||||||
| 2021 | 2020 | ||||||
| f. | |||||||
| CF Langonet violin (at market value) |
21,300 | 21,300 |
| 14. Debtors |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Debtors | |||
| Accrued income | 77 | 210 | |
| Prepayments | 908 | ||
| Total | 985 | 210 | |
| 15. Creditors: Amounts |
Falling Due Within One Year |
| 16. Reserves |
||||||
|---|---|---|---|---|---|---|
| Fund | Fund | |||||
| balances at | balance at | |||||
| 2021 | brought | Gains 8 | carried | |||
| forward | Income | Expenditure | Transfers | Losses | forward | |
| Funds | E | E | ||||
| Restricted | ||||||
| income fund- | ||||||
| Bursaries | 516 | 516 | ||||
| Restricted | ||||||
| income fund— | ||||||
| Roof Appeal | 131,578 | 6,726 | (575) | 137,729 | ||
| Revaluation | ||||||
| reserve | ||||||
| (unrestricted) | 979 | 19,706 | 20,685 | |||
| Unrestricted | ||||||
| funds | 172,290 | 20,903 | (9,152) | 184,041 | ||
| Total funds | 305,363 | 27,629 | (9,727) | 19,706 | 342,971 | |
| Fund | Fund | |||||
| balances | balances | |||||
| 2020 | brought | Gains 8 | carried | |||
| forward | Income | Expenditure | Transfers | Losses | forward | |
| Funds | f | |||||
| Restricted | ||||||
| income fund- | ||||||
| Bursaries | 896 | 218 | (598) | 516 | ||
| Restricted | ||||||
| income fund— | ||||||
| Roof Appeal | 76,162 | 58,635 | (3,219) | 131,578 | ||
| Revaluation | ||||||
| reserve | ||||||
| (unrestricted) | 16,215 | (15,236) | 979 | |||
| Unrestricted | ||||||
| funds | 167,826 | 16,938 | (12,474) | 172,290 | ||
| Total funds | 261,099 | 75,791 | (16,291) | (15,236) | 305,363 |
| activities | |||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Net movement in income/(expenditure) |
for | the period | 37,608 | 44,264 | |||
| as per the statement | offinancial | activities | |||||
| Add back depreciation | charge | 4,082 | 4,111 | ||||
| Deduct income shown | in investing | activities | (2,858) | (3,615) | |||
| Decrease (increase) | in | market value of | investments | (19,706) | 15,236 | ||
| Decrease (increase) | in | debtors | (775) | (136) | |||
| increase (decrease) | in | creditors | 225 | 1,232 | |||
| Net cash provided | by (used in) | operating | activities | 18,576 | 58,628 | ||
| 18. Analysis of |
cash and cash equivalents | ||||||
| Analysis ofcash and | cash equivalents | 2021 | 2020 | ||||
| Cash in hand |
29,056 | 10,748 | |||||
| Notice deposits (up |
to | 3 months' | notice) | 154,265 | 153,685 | ||
| Total | 183,321 | 164,433 |
| 19. Reconciliation of net debt |
|||
|---|---|---|---|
| Analysis of net debt | At start | Cash | At end |
| ofyear | flows | ofyearf | |
| Cash | 10,748 | 18,308 | 29,056 |
| Cash equivalents | 153,685 | 580 | 154,265 |
| Total | 164,433 | 18,888 | 183,321 |
| BALANCE SHEET AT 31MARCH 2021 | |||
|---|---|---|---|
| Notes | 2021 | 2020 | |
| Total funds | Total funds | ||
| R | |||
| F/xed Assets | |||
| Tangible Assets | 11 | 27,105 | 31,023 |
| Financiai investments | 52 | 110,485 | 88,397 |
| Violin held as an investment | 13 | 21,300 | 21,300 |
| Total axed assets | 'l58,890 | 140,720 | |
| Current Assets | |||
| Debtors 8 other current assets | 14 | 985 | 250 |
| Cash at bank and in hand |
18 | 183,321 | 164,433 |
| Total current assets | 184,306 | 164,643 | |
| Liabilities | |||
| Creditors: amounts falling due within one year |
(225) | ||
| Net current assetsl(liabilities) | 184,081 | 164,643 | |
| Total net assets or liabilities | 342,971 | 305,363 | |
| The funds ofthe charity: | |||
| Unrestricted reserves |
16 | 184,041 | 172,290 |
| Restricted income funds | 16 | 138,245 | 132,094 |
| Revaluation reserves |
16 | 20,685 | 979 |
| Total charity funds | 342,971 | 305,363 |