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|||||||Page|
|---|---|---|---|---|---|---|
|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|
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|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||||
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||||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|
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|||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|
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||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|
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|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|
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|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|
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|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|
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|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||
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|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|
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|||||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|
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|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|
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|||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|
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|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|
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|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|
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|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|
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