2021-03-31-accounts - Community Music Limited

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Trustees' annual report (incorporating the				director's	report)
Independent	auditor's	report to	the members
Statement	of financial	activities	(including	income and
expenditure	account)					16
Statement	offinancial	position				17
Statement	ofcash flows					18
Notes to the audited		financial statements				19

Reference	and administrative	and administrative	and administrative	details
Registered	charity	name		Community Music	Limited
Charity registration		number		293419
Company	registration		number	01967704
Principal office and		registered		The Brady Centre
office				192-196Hanbury	Street
				London
				E1 5HU
The 'L ustess
				Helen Searle
				John Prince
				Pauline Muir
				Eshan Haque
Chief Executive Officer				Richard Clegg
Company	secretary			Richard Clegg
Audtaor				Jackson Nicholas	Assie Limited
				Charlered Certified Accountants		&statutory	auditor
				Suite 7, Meridian	House
				62 Station Road
				Chingford
				London
				E47BA
Bankers				Lloyds Bank
				40 Rosalyn Hill
				London
				NW3 1NL
Solicitors				Harbotlle and Lewis
				14Hanover Square
				London
				W1S 1HP

			Y	ear e	nd	ed 31 March	2021
							2021		2020
						Unrestricted	Restricted
						funds	funds	Total funds	Total funds
				Itote		2	2	8	2
Income and endowments
Donations and legacies					5	199,611	81,729	281,340	231,117
Charitable activities					6	394,277	46,652	440,929	537,227
Investment income					7	23		23	46
Total Income						593,911	128,381	722,292	768,390
Expenditure
Expenditure on raising funds:
Costs of other	trading	activities			8	53,335		53,335	56,403
Expenditure on charitable		activities		9,10		430,039	45,747	475,786	656,772
Total expenditure						483,374	45,747	529,121	713,175
Net income and net movement			In	funds		110,537	82,634	193,171	55,215
Reconciliation offunds
Total funds brought	forward					411,693	33,041	444,734	389,519
Totat funds carried	forward					522,230	115,675	637,905	444,734

		31 March	2021
				2021		2020
			Note	2
Current assets
Debtors			19	273,937		302,185
Cash at bank and in	hand			410,728		211,282
				684,665		513,467
Creditors: amounts	falling due within	one year	20	(46,760)		(68,733)
Net current assets					637,905	444,734
Toed assets iess current liabilities					637,905	444,734
Net assets					637,905	444,734
Funds ofthe charity
Restricted funds					'115,675	33,041
Unrestricted funds					522,230	411,693
Total charity funds					637,905	444,734

	Year en	ded 31 March 2021
			2021	2020
Cash flows from operating	activities
Net income			193,171	55,215
Adjustments fort
Olher interest receivable and Accrued expenses	similar income		(23)	(46) 1,133
Changesin:
Trade and other debtors Trade and other creditors			28,248 (21,973)	(56,317) (42,899)
Net cash flow from operating	activities		199,423	(42,914)
Cash flows from Investing	activities
Interest received			23	46
Net increase/(decrease) In Cash and cash equivalents	cash and cash at beginning	equivalents ofyear	199,448 211,282	(42,868) 254,150
Cash and cash equivalents	at end ofyear		410,728	211,282

Donations and lega	cies
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		2		2
Donations
Mintel Group
Mayer Brown		4,431		4,431
Donations under 25000		80		80
Grants
The Arts Council		I36,426		136,426
The Arts Council Capital Grant			60,172	60,172
BBCChildren in Need			6,440	6,440
Covid-19 Grant Re:Charge		5,600		5,600
National Foundation J.A. Clark Charitable	Youth Music Trust	8,400	'I0,000	8,400 10,000
LBofTower Hamlets	- Music Space Academy
Furlough Income		44,674		44,674
Grants of25000or less			5,117	5,117
		199,611	81,729	281,340
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		2	2
Donatlona
Mintel Group		5,000		5,000
Mayer Brown		10,241		10,241
Donations under 25000			2,500	2,500
Grants
The Arts Council		133,961		133,961
The Arts Council Capital Grant BBCChildren in Need Covid-19 Grant Re:Charge			31,722 9,660	31,722 9,660
National Foundation	Youth Music
J.A. Clark Charitable	Trust		23,333	23,333
LBofTower Hamlets	- Music Space Academy		9,600	9,600
Furlough Income
Grants of25000or less			5,100	5,100
		149,202	81,916	231,117

Charitable activiti	es
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			f	2	2
Accredited courses	- fee income		392,410		392,410
Local projects 8 other training		—grants snd fees	1,415	27,265	28,680
Events Income
Other income from	charitable	activities	452	19,387	19,839
			394,277	46,652	440,929
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			6
Accredited courses	—fee income		476,686		476,686
Local projects &other training		-grants and fees	11,402	40,207	51,609
Events Income				1,600	1,600
Other income from	charitable	activities	4,344	2,988	7,332
			492,432	44,795	537,227

Investment	income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		2	8	2	6
Bank interest	receivable	23	23	46	46
Costs ofother trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		2	2	2	2
Fundraising	and publicity costs	53,335	53,335	56,403	56,403

Expenditure	on char	itable activities by fun	d type
				Unrestricted	Restricted	TotaIFunde
				Funds f	Funds f	2021 f
Artist facilities
Live music	promotion	and Artist and business	support	1,519		1,519
Local youth	music promotion			33,004	32,276	65,280
Professional	training			266,852		266,852
Support costs				128,664	13,471	142,135
				430,039	45,747	475,786
				Llnrestricted	Restricted	Total Funds
				Funds f	Funds	2020 f
Artist facilities					31,722	31,722
Live music	promotion	and Artist and business	support	13,397		13,397
Local youth	music promotion			17,679	67,007	84,686
Professional	training			348,198		346,198
Support costs				164,879	13,890	178,769
					112,619	656,772

			Activities
			undertaken		Total funds	Total fund
			directly f	Support costs	2021 2	2020 f
Artist facilities						31,722
Live music	promotion	and Artist and
business support			1,519	2,694	4,213	16,869
Local youth	music promotion		65,280	18,860	84,140	108,993
Professional	training		266,852	103,726	370,578	481,865
Governance	costs			16,655	165855	17,303
			333,651	142,135	475,786

Year ended 31 Analys/s ofgovernance costs	March 2021
	2021	2020
	8	2
Audit Fees	13,594	13,594
Trustees Meetings	567	238
Raff	1,667	2,298
Premises	399	527
Communications	341	361
Legal & Professional		21
Finance	2	5
Matketing		4
Other	285	255
Total	16,855	17,303

			Live music
			promotion
			and Artist and	Local youth
			business	music	Professional
			support	promotion	training	Total2021	Total 2020
			2	2	2	2	2
Staff costs			1,667	11,671	64,176	77,514	106,857
Premises			399	2,792	15,356	18,547	24,528
Communications		and IT	340	2,384	13,113	15,837	16,798
Human	resources			2	10	12	963
Finance	costs		2	15	84	101	246
Support	costs:
Marketing							207
Support	costs: Other
costs				1,998	10,986	13,269	11,867
			2,693	18,862	103,725	125,280	'I61,466

				2021	2020
Fess Fees	payable for for non-audit	the audit ofthe audited financial services	statements	3,399 10,195	3,399 10,195

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2021	2020
				2
Wages and salaries				333,324	400,565
Social secudty costs				24,120	31,876
Employer	contributions	to pension	plans	6,563	7,902
				364,007	440,343

Tangible fixed asset	s
						Cycle &
	Office			Computers	8	Computer
	equipment	R	Studio	musical		Scheme
	furniture		Equipment	equipment		Assets	Total
						2	2
Cost
At 1 Aprg 2020 and
31 March 2021	9,910		29,156	62,969		3,307	105,342
Depreciation
At 1 Aprg 2020 and
31 March 2021	9,910		29,156	62,969		3,307	105,342
Carrying amount
At 31 March 2021
At31 March 2020
Debtors
						2021	2020
						2
Trade debtors						39,611	22,403
Prepayments						3,585	4,011
Accrued income						230,690	275,720
Other debtors						51	51
						273,937	302,165
Creditors: amounts	falling due within		one year
						2021	2020
						2
Trade creditors						5,527	596
Accruals and deferred	income					1,133	1,133
Social security and other taxes						7,440	9,056
Deferred Income							11,617
Other creditors						32,660	46,331
						46,760	66,733

		2021	2020
		2
At 1 April	2020	11,617	40,810
Additions	during the year		11,617
Amounts	released to income	(11,617)	(40,810)
At 31 March 2021			11,617

Unrestri	cted	funds
			At				At
			1 April 2020	Income	Expenditure	31	March 2021
				2	E		2
General	funds		411,693	593,911	(483,374)		522,230
			At				At
			'I April 2019	Income	ExPenditure	31	March 2020
				2	2		2
General	funds		370,569	641,680	(600,556)		411,693
Rsstri~d funds
			At				At
			1 April 2020	Income	Expenditure	31	March 2021
					2		2
Youth Music		- General	31,125	68,209	(45,747)		53,587
Children in need Youth Music —'Can Play, Will Play'			1,335 581				1,335 581
Aria Council		- Capital Grant		60,172			60,172
			33,041	128,381	(45,747)		115,675
			At				At
			1 April 2019	Income	Expenditure	31	March 2020
			2	2	2
Youth Music - General Children in need Youth Music - 'Can Play, Will Play'			17,034 1,335 581	94,988	(80,897)		31,125 1,335 581
Arts Council		- Capital Grant		31,722	(31,722)
			18,950	126,710	(112,619)		33,041

23.	Analysis ofnet a	sse	ts between funds
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
						2
	Current assets			568,990	115,675	684,665
	Creditors less than	1	year	(46,760)		(46,760)
	Net assets			522,230	115,675	637,905
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
						2
	Current assets Creditors less than	1	year	480,426 (68,733)	33,041	513,467 (68,733)
	Net assets			411,693	33,041	444,734
24.	Analysis ofchanges		In net debt
						At
				At1Apr 2020	Cash flows	31Mar2021
					2	2
	Cash at bank and	in hand		2f1,282	199,446	410,728

Operating lea	Operating lea	se commit	ments
The total future		minimum	lease payments	under non-cancellable	operating	leases ere	as follows:
						2021	2020
						2
Not later than		1 year				1,584	1,584
Later than	1 year and not		later than 5years			2,293	3,875
						3,877	5,459