WILTSHIRE RURAL MUSIC REPORT OF THE COUNCIL FOR THE YEAR ENDED 31[ST] MARCH 2022
Registered Charity No: 309496 Registered Company No: 835252 Registered Address: 113 Gloucester Road, Trowbridge. Wiltshire BA14 OAE
The Board submits its report and ‘Financial Statement for the year ending 31[st] March 2022’.
The activities of the organisation are governed by the Articles and Memorandum of Association, dated 25[th] January 1965.
President: Clare Teal Elected Chairman: Alan MacRae
Members of the Board of Trustees for the year were:
Mr Alan MacRae (Chairman), Mrs Sheila Parker (Treasurer), Mr Vernon Hitchman (Company Secretary). Prof Amanda Bayley, Mr Douglas Benson, Mr Trevor Carbin, Mrs Lorna Watchman, Miss Emma Davies, Mr Philip Springate, Mrs Peggy Snell, Mr Andrew Stonham
Wiltshire Council Nominated Representatives: Councillor Ian Thorn
OVERVIEW
Once again, the Covid-19 pandemic has affected our operations, although in a much reduced way. Wiltshire Rural Music has remained active in many ways, with our core activities continuing through the year with Tune@Noon and other concerts taking place as well as ABRSM exams, instrument hire and bursaries all continuing.
PERSONNEL
The biggest news is the announcement of our new President. I am delighted that Clare Teal has accepted our invitation. Many of you will know of Clare – a nationally recognised singer, who lives in Wiltshire, has recorded many albums and has a BBC Radio show. We look forward to a long and productive relationship with Clare.
Our PR and Marketing Officer, Jamie McDine, left us to pursue a career in teaching, and we wish Jamie well in his future ventures. Having advertised and interviewed applicants, I am delighted to say that Daisy Chapman accepted the position and has jumped straight into managing our website and all other matters relating to our publicity.
I said last year that I would stand down as Chairman some time after last year’s AGM, and Peggy Snell has agreed to take this on. We have been working together to ensure a smooth handover, and of course I will remain on the board which will help maintain continuity.
MUSIC PROJECTS
Keep Music in Mind continues to be well supported by various funders and over the year we have visited many care homes and other settings with musicians to entertain the residents. While this was vitally important during the restrictions enforced during the lockdowns and early periods of the pandemic, as we all know, there are still restrictions compared to before March 2020. Keep Music in Mind will continue to provide entertainment to those settings.
Visible Voices is now making great strides towards an album of songs for and about marginalised individuals, groups and charities within Wiltshire and beyond. These songs will be recorded and released, following which we will put on a series of live events in the summer, showcasing the songs and the organisations involved.
Recent media coverage included a piece on BBC Points West (Sunday programme) where WRM’s work with Doorway was mentioned, and an extended interview on the project with Marie Lennon on BBC Radio Wiltshire.
Two songs have been written and recorded so far - 1) My song with Doorway and 2) Tamsin Quin’s song for Mill Street Club, Alzheimers Support. Doorway are compiling an accompanying video for the song, featuring their members. Mill Street were treated to a live performance of their song on Wednesday 9[th] February at 11am.
Unsung: A Song For Wiltshire
Composer Luciano Williamson’s recorded and produced ‘Wonderful Wiltshire’. Written by St Augustines’ students. Teacher Richard O’Mahony keen on more musicians and opportunities, so we’re working together to find ways to develop this relationship. Ideally in a joint project with another local school.
HELPING YOUNG PEOPLE
All of our programmes supporting young people carry on, with bursaries continuing to be applied for and awarded, our instruments being hired, the programmes already highlighted above under Music Projects and of course, the Liz Lawrence Award.
Joely Hudson, who wasn’t able to audition last year, will be auditioning for us on 12[th] April. She is a 2021 Award candidate. Joely is currently in the first year of her Musical Theatre course at Mountview Drama School in London. Still need a few board members on standby to attend this interview.
More candidates are expected for the 2022 award. We have an expression of interest from Amy Reed, a vocalist from Trowbridge (awaiting application). The Rowbotham family are also entering 2 siblings (also awaiting application). Deadline for the award is 12[th] April.
The winning musician will be asked to perform a concert later this year (2022) if possible. We are looking for a 2021 and 2022 winner this year, so we can get back on track after the lack of applicants last year.
CREATIVE HUB ACTIVITIES
All of our existing groups continue to meet and use the venue – the orchestra, flute choir, Little Piccolos (for babies and toddlers aged 0-5), Chamber Winds, Ebonites clarinet group, String Chamber, String A-long.
The Tune@Noon programme continues each month, with a variety of performers and genres, and we are extremely grateful to those musicians who give their time and talents to help us raise funds to support our work with young people and outreach projects. We are pleased to see audience numbers slowly recovering after the various lockdowns, but numbers are still low. The same is true of Ludmilla’s concerts. We would love to see numbers grow further, to the levels they were at before the pandemic, and hopefully surpass them.
BUSINESS PLANNING
Full details of our financial position can be found in our annual accounts, where it can be seen that we continue to operate at a loss, although that loss is significantly lower than previous years. For that reason, the board continues to concentrate our efforts on our core function, that of assisting young people in their musical education and reaching new communities Wiltshire wide.
To that end, the Board continues to support the statement from last year’s reports that we would:
Protect and safeguard the assets of our charity against unforeseen emergency
Protect against unforeseen day-to-day operational costs
Protect our Bursaries and Awards which give financial support to the people of Wiltshire
OUR VOLUNTEERS AND PARTNERS
We could not operate without our volunteers, whether stewarding for music exams, our board of trustees, or the musicians who give their time to support Music on the Move, Dial M for Music, Tune @ Noon or the occasional evening or weekend concerts. These volunteers are crucial in not only delivering our services, but in fundraising to provide those services. Our members who pay an annual subscription, and those who join our “100 club” also provide much needed financial support, as do those who take part in groups which meet in our centre or attend concerts and performances.
STATEMENT OF RESPONSIBILITIES OF THE BOARD
Company law requires the Board to prepare financial statements for each financial year, which give a true and fair view of the affairs of the Company and of the profit and loss for that period. In preparing these financial statements, the Council is required to:
-
Select suitable accounting policies and then apply them consistently
-
Make judgements that are reasonable and prudent
-
Prepare the financial statements on a "going concern" basis, unless it is inappropriate to presume that the company will continue in business
The Board is responsible for keeping proper accounting records that disclose at any time, with reasonable accuracy, the financial position of the Company and enable it to ensure that the financial statements comply with the Companies Act, 1985. It is also responsible for safeguarding the assets of the Company and, hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.
REVIEW OF BUSINESS
A summary of the results for the period is given in the accounts. The Board considers the state of the Company's affairs to be satisfactory. The operating deficit for the year amounted to -£5,936.
FIXED ASSETS
Movements in fixed assets are shown in the accounts. The freehold shown of the Balance Sheet is 113, Gloucester Road, Trowbridge, and is stated at cost. This property had, at the end of the year, a market value of approximately £275,000 (valued in 2015), although this does not reflect recent changes in the property market.
AUDITORS
The Company has not appointed an auditor as provided under Section 294A CA 1985, but R.E.Froud & Associates have carried out an independent examination.
A current and a Treasurer's Account are held at Lloyd's Bank, 64, Fore Street Trowbridge. A further Deposit account, together with the accounts of the Wilts Rural Music School and the restricted account of the Liz Lawrence Award Fund are held with COIF Charity Funds, Senator House, 85 Queen Victoria Street, London, EC4V 4ET
SMALL COMPANY RULES
In preparing this report, the Board has taken advantage of the special exemptions applicable to small companies.
BY ORDER OF THE BOARD
……………………………………………………………Dated:……………………………………………… Mr Alan MacRae (Chairman)
Co. Reg. No: 00835252 Charity no: 309496
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
(The company is limited by guarantee without share capital)
113 Gloucester Road Trowbridge Wiltshire BA14 0AE
UNAUDITED FINANCIAL STATEMENTS
31st March 2022
R. E. Froud & Associates Ltd
Chartered Management Accountants 61 Robins Lane
Frome Somerset BA11 3ET
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
| President | Clare Teal | |
|---|---|---|
| Chairman | A MacRae | |
| Board members/Trustees | A Bayley | S G Parker |
| D Benson | P Snell | |
| T W Carbin | P Springate | |
| E Davies | A Stonham | |
| V Hitchman | I Thorn | |
| A MacRae | L Watchman | |
| Company Secretary | V Hitchman | |
| Administrator | S W Dawson | |
| Treasurer | S G Parker | |
| Registered Office | 113 Gloucester Road | |
| Trowbridge | ||
| Wiltshire | ||
| BA14 0AE | ||
| Bankers | Lloyds TSB | |
| 64 Fore Street | ||
| Trowbridge | ||
| Wiltshire | ||
| BA14 8EU | ||
| Examiner | R. E. Froud & Associates Ltd | |
| 61 Robins Lane | ||
| Frome | ||
| Somerset | ||
| BA11 3ET | ||
| Registered Number | 00835252 | |
| Registered Charity Number | 309496 |
Page 1
Page 2
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
ACCOUNTANT'S REPORT TO THE DIRECTORS ON THE UNAUDITED
FINANCIAL STATEMENTS OF WILTSHIRE RURAL MUSIC SCHOOL LIMITED
I report on the financial statements for the year ended 31 March 2022, which comprise the statement of financial activities (including income and expenditure account), statement of financial position, and the related notes.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants (CIMA).
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:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
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 next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006, and
-
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
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………………………… Natalie Froud BMus MA ACMA CGMA FFA FIPA FISM. Independent Examiner
on behalf of R. E. Froud & Associates Ltd 61 Robins Lane Frome Somerset BA11 3ET
Date:- 10th June 2022
Page 3
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| INCOME AND EXPENDITURE | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Deisgnated | Restricted | Total | ||||
| funds | funds | funds | Total funds | funds | |||
| £ | £ | £ | £ | ||||
| Income | Note | ||||||
| Donations and grants | 3 | 2,840 | - | 2,750 | 5,590 | 6,451 | |
| Charitable activities | 4 | (3,852) | - | 19,537 | 15,684 | 4,074 | |
| Other trading activities | 5 | 8,950 | 4,649 | 105 | 13,704 | 9,147 | |
| Other income | 6 | 8,689 | - | - | 8,689 | 8,400 | |
| Total income | 16,628 | 4,649 | 22,392 | 43,668 | 28,072 | ||
| Expenditure | |||||||
| Expenditure on charitable activities | (39,240) | - | (12,198) | (51,437) | (39,364) | ||
| Expenditures on other activities | - | - | - | - | (1,719) | ||
| Total expenditure | (39,240) | - | (12,198) | (51,437) | (41,083) | ||
| Net gains/(losses) on investments | 1,833 | - | - | 1,833 | 12,550 | ||
| Net income and net movement | in funds | (20,779) | 4,649 | 10,194 | (5,936) | (461) | |
| Reconciliation of funds | |||||||
| Total funds brought forward | 72,409 | 39,974 | 2,940 | 115,323 | 115,783 | ||
| Total funds carried forward | 51,630 | 44,623 | 13,134 | 109,387 | 115,322 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
Page 4
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
STATEMENT OF FINANCIAL POSITION AS AT 31ST MARCH 2022
| Notes FIXED ASSETS Tangible Assets 8 Investments (at Market Value) COIF Fund: 192.98 units 9 M & G Charifund: 1708 units 9 CURRENT ASSETS Cash at bank and in hand COIF Deposit Fund COIF Deposit Liz Lawrence Fund CREDITORS:Amounts falling due within one year 10 NET CURRENT ASSETS NET ASSETS FUNDS OF THE CHARITY Restricted funds 11 Designated funds 11 Unrestricted funds 11 TOTAL CHARITY FUNDS |
£ £ 14,306 44,623 26,981 71,604 85,911 7,782 14,608 1,105 23,495 (19) 23,476 109,387 13,134 44,623 51,630 109,387 2022 |
£ £ 14,326 39,974 25,149 65,123 79,449 11,753 26,600 105 38,458 (2,584) 35,874 115,323 2,940 39,974 72,409 115,323 2021 |
£ £ 14,326 39,974 25,149 65,123 79,449 11,753 26,600 105 38,458 (2,584) 35,874 115,323 2,940 39,974 72,409 115,323 2021 |
|---|---|---|---|
| 7,782 14,608 1,105 |
11,753 26,600 105 |
||
| 79,449 | |||
| 38,458 | |||
| (2,584) | |||
| 35,874 | |||
| 115,323 | |||
| 2,940 39,974 72,409 |
|||
| 115,323 |
For the year ended 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting recprds and the preparation of accounts.
These financial statements were approved by the members of the committee and authorised for issue on the ……………………………and are signed on their behalf by:
………………………………………………………
A MacRae
Company registration number: 00835252
Page 5
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
Basis of accounting
These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
Incoming resources
Grant income is recognised in the period specified by the donor. Other grants and donations received are recognised as voluntary income. Hire and rental income is recognised once it becomes receivable.
Resources expended
Resources expended are recognised in the period they are incurred and include any attributable VAT which cannot be recovered.
Fixed Assets
All fixed assets are initially recorded at cost. Assets costing less than £250 are charged to resources expended in the year they are purchased.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Musical Instruments - 10 years straight line Office Equipment - 10% reducing balance
Freehold property is not depreciated. Depreciation of assets commences once the asset is installed and ready to use.
Funds
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Investments
Unlisted equity investments are initially recroded at cost, and subsequently measure at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Cash Flow Statement
The company has opted not to prepare a Cash Flow Statement for the period.
2. LIMITED BY GUARANTEE
The company is limited by guarantee not having a share capital. Every member of the company undertakes to contribute such amounts as may be required (not exceeding £1) to the assets of the company if it should be wound up while he is a member or within one year after he ceases to be a member, for payments of the company's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributories among themselves.
Page 6
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
NOTES TO THE FINANCIAL STATEMENTS - cont'd
| 3. DONATIONS AND GRANTS Unrestricted funds Designated funds Restricted funds Donations £ £ £ General donations 2,840 - - Liz Lawrence donation - - 1,000 Grants Wilts Music Connect - - 1,750 2,840 - 2,750 4. CHARITABLE ACTIVITIES Unrestricted funds Designated funds Restricted funds £ £ £ General Fundraising 2,497 - - (6,349) - 7,152 - - 12,385 (3,852) - 19,537 5. OTHER TRADING ACTIVITI Unrestricted funds Designated funds Restricted funds £ £ £ Ensembles and workshops 2,733 - - Room hire 1,972 - - Instrument hire 2,819 - - Income from investments 1,185 4,649 105 Other income 241 - - 8,950 4,649 105 6. OTHER INCOME Unrestricted funds Designated funds Restricted funds £ £ £ Rental income 8,689 - - 8,689 - - 7. STAFF COSTS AND EMOLUMENTS Total staff costs were as follows: Wages and salaries Subcontractors Pension costs Staff training Particulars of employees: The average number of employees during the year, was as follows: Management and administration staff Music Projects Fundraising for Young Persons Bursaries 2022 2022 2022 2022 |
Total funds £ 2,840 1,000 1,750 5,590 Total funds £ 2,497 803 12,385 15,684 Total funds £ 2,733 1,972 2,819 5,938 241 13,704 Total funds £ 8,689 8,689 2022 £ 10,392 18,341 126 116 28,974 2022 No. 1 |
2021 Total funds £ 1,901 1,000 3,550 |
|---|---|---|
| 6,451 | ||
| 2021 Total funds £ 4,074 - - |
||
| 4,074 | ||
| 2021 Total funds £ 566 916 6,233 - 1,433 |
||
| 9,147 | ||
| 2021 Total funds £ 8,400 |
||
| 8,400 | ||
| 2021 £ 10,584 17,610 107 - |
||
| 28,301 2021 No. 1 |
Page 7
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
NOTES TO THE FINANCIAL STATEMENTS - cont'd
8. FIXED ASSETS
| COST As at 1 April 2021 Additions As at 31 March 2022 DEPRECIATION As at 1 April 2021 Charge for the year As at 31 March 2022 NET BOOK VALUE As at 31 March 2022 As at 31 March 2021 |
Freehold Property 14,129 14,129 - - - 14,129 14,129 |
Office Equipment 1,901 1,901 1,704 20 1,724 177 197 |
Musical Instruments 9,833 9,833 9,833 - 9,833 - - |
Total 25,863 - |
|---|---|---|---|---|
| 25,863 | ||||
| 11,537 20 |
||||
| 11,557 | ||||
| 14,306 | ||||
| 14,326 |
The Freehold property at 113 Gloucester Road is stated at cost. A valuation has not been obtained in the year to 31st March 2022
9. INVESTMENTS Movement in market value
| Movement in market value Market Value at 1 April COIF Fund M&G Charifund Market Value at 31 March COIF Fund M&G Charifund 10. CREDITORS: Amounts falling due within one year Other creditors Deferred income 11. Analysis of charitable funds At 1 April 2021 Income 72,409 18,461 Designated funds 39,974 4,649 Restricted funds Young Persons Bursary - 7,152 Wiltshire Music Connect - 1,750 Visible Voices - 200 Keep Music in Mind 2,940 12,185 Liz Lawrence - 1,105 2,940 22,392 Total funds 115,323 45,501 Unrestricted funds |
Movement in market value Market Value at 1 April COIF Fund M&G Charifund Market Value at 31 March COIF Fund M&G Charifund 10. CREDITORS: Amounts falling due within one year Other creditors Deferred income 11. Analysis of charitable funds At 1 April 2021 Income 72,409 18,461 Designated funds 39,974 4,649 Restricted funds Young Persons Bursary - 7,152 Wiltshire Music Connect - 1,750 Visible Voices - 200 Keep Music in Mind 2,940 12,185 Liz Lawrence - 1,105 2,940 22,392 Total funds 115,323 45,501 Unrestricted funds |
2022 £ 39,974 25,149 44,623 26,981 2022 £ 19 0 19 Expenditure (39,240) - (3,797) (1,750) (300) (6,351) - (12,198) (51,437) |
2021 £ 32,154 20,419 39,974 25,149 2021 £ 834 1,750 |
|---|---|---|---|
| 2,584 At 31 March 2022 51,630 44,623 3,355 - (100) 8,774 1,105 |
|||
| 13,134 | |||
| 45,501 | 109,387 |
Page 8
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
DETAILED INCOME AND EXPENDITURE ACCOUNT
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| INCOME | |||||
| Grants - other | 1,750 | 3,550 | |||
| Donations | 3,840 | 2,900 | |||
| Special Events | - | 1 | |||
| Fundraising | 3,299 | - | |||
| Ensembles and workshops | 2,733 | 566 | |||
| Room Hire | 1,972 | 916 | |||
| Music Projects | 12,385 | - | |||
| Income From Investments | 5,938 | 1,102 | |||
| Bank Interest | - | 47 | |||
| Instrument Hire | 2,819 | 6,233 | |||
| Other income | 241 | 4,359 | |||
| Rent Received | 8,689 | 8,400 | |||
| 43,668 | 28,073 | ||||
| EXPENDITURE | |||||
| Staff costs | 28,974 | 28,301 | |||
| Community pot | 418 | 610 | |||
| Bursaries | 3,797 | 4,010 | |||
| Ensembles and workshops | 1,228 | - | |||
| Music projects | 4,646 | - | |||
| Instruments | 680 | 446 | |||
| Special Events | - | 1,000 | |||
| Publicity | 340 | 324 | |||
| Premises Running Costs | 8,375 | 3,368 | |||
| Management and administration | 2,981 | 3,024 | |||
| 51,437 | 41,083 | ||||
| Net gains/(losses) on investments | 1,833 | 12,550 | |||
| OPERATING SURPLUS/(DEFICIT) FOR THE YEAR | (5,936) | (460) |
Page 9
We are extremely grateful for the following donations/financial support received during the Year 2021/22.
A Neate A Tindale Andrew Stewart AMMCO Charitable Trust Bradford on Avon Rotary Club Charity Aid Foundation - anonymous Chippenham Borough Lands Trust De Byre Charitable Trust Denise Lea Devizes Eisteddfod Hannah Hyam Josh Hole A Jones Morris Beneficent Fund Mr & Mrs R A Young Mr & Mrs W Thomson Mrs P M Kenwrick Paula Vass Ruth Nikitas Sarah Smith Stephanie Gooch Tech Office, Trowbridge The Lennox Hannay Trust The Thomas Freke and Lady Norton Foundation W G Edwards Charity Westbury Lions Wiltshire Lodge of Agriculture Westbury U3a
All donations received from audiences attending Ludmila Bezpaltchaya and friends concerts, and the Ebonite’s Clarinet Choir Hilperton fundraiser. A huge thank you also to our wonderful Tune@noon musicians who give up their time to provide a little lunchtime restbite whilst raising a few pounds towards the charity.
All anonymous donations received, donations from purchases made through AmazonSmile, and all participants of the ‘100 Club’ campaign.
Thank you to Everyone
Tax is recovered on all donations for which a Gift Aid Form has been completed.
Page 10
Co. Reg. No: 00835252 Charity no: 309496
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
(The company is limited by guarantee without share capital)
113 Gloucester Road Trowbridge Wiltshire BA14 0AE
UNAUDITED FINANCIAL STATEMENTS
31st March 2022
R. E. Froud & Associates Ltd
Chartered Management Accountants 61 Robins Lane
Frome Somerset BA11 3ET
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
| President | Clare Teal | |
|---|---|---|
| Chairman | A MacRae | |
| Board members/Trustees | A Bayley | S G Parker |
| D Benson | P Snell | |
| T W Carbin | P Springate | |
| E Davies | A Stonham | |
| V Hitchman | I Thorn | |
| A MacRae | L Watchman | |
| Company Secretary | V Hitchman | |
| Administrator | S W Dawson | |
| Treasurer | S G Parker | |
| Registered Office | 113 Gloucester Road | |
| Trowbridge | ||
| Wiltshire | ||
| BA14 0AE | ||
| Bankers | Lloyds TSB | |
| 64 Fore Street | ||
| Trowbridge | ||
| Wiltshire | ||
| BA14 8EU | ||
| Examiner | R. E. Froud & Associates Ltd | |
| 61 Robins Lane | ||
| Frome | ||
| Somerset | ||
| BA11 3ET | ||
| Registered Number | 00835252 | |
| Registered Charity Number | 309496 |
Page 1
Page 2
WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
ACCOUNTANT'S REPORT TO THE DIRECTORS ON THE UNAUDITED
FINANCIAL STATEMENTS OF WILTSHIRE RURAL MUSIC SCHOOL LIMITED
I report on the financial statements for the year ended 31 March 2022, which comprise the statement of financial activities (including income and expenditure account), statement of financial position, and the related notes.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants (CIMA).
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:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
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 next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006, and
-
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
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………………………… Natalie Froud BMus MA ACMA CGMA FFA FIPA FISM. Independent Examiner
on behalf of R. E. Froud & Associates Ltd 61 Robins Lane Frome Somerset BA11 3ET
Date:- 10th June 2022
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WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| INCOME AND EXPENDITURE | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Deisgnated | Restricted | Total | ||||
| funds | funds | funds | Total funds | funds | |||
| £ | £ | £ | £ | ||||
| Income | Note | ||||||
| Donations and grants | 3 | 2,840 | - | 2,750 | 5,590 | 6,451 | |
| Charitable activities | 4 | (3,722) | - | 19,407 | 15,684 | 4,074 | |
| Other trading activities | 5 | 8,950 | 4,649 | 105 | 13,704 | 9,147 | |
| Other income | 6 | 8,689 | - | - | 8,689 | 8,400 | |
| Total income | 16,758 | 4,649 | 22,262 | 43,668 | 28,072 | ||
| Expenditure | |||||||
| Expenditure on charitable activities | (39,240) | - | (12,198) | (51,437) | (39,364) | ||
| Expenditures on other activities | - | - | - | - | (1,719) | ||
| Total expenditure | (39,240) | - | (12,198) | (51,437) | (41,083) | ||
| Net gains/(losses) on investments | 1,833 | - | - | 1,833 | 12,550 | ||
| Net income and net movement | in funds | (20,649) | 4,649 | 10,064 | (5,936) | (461) | |
| Reconciliation of funds | |||||||
| Total funds brought forward | 72,409 | 39,974 | 2,940 | 115,323 | 115,783 | ||
| Total funds carried forward | 51,760 | 44,623 | 13,004 | 109,387 | 115,322 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
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WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
STATEMENT OF FINANCIAL POSITION AS AT 31ST MARCH 2022
| Notes FIXED ASSETS Tangible Assets 8 Investments (at Market Value) COIF Fund: 192.98 units 9 M & G Charifund: 1708 units 9 CURRENT ASSETS Cash at bank and in hand COIF Deposit Fund COIF Deposit Liz Lawrence Fund CREDITORS:Amounts falling due within one year 10 NET CURRENT ASSETS NET ASSETS FUNDS OF THE CHARITY Restricted funds 11 Designated funds 11 Unrestricted funds 11 TOTAL CHARITY FUNDS |
£ £ 14,306 44,623 26,981 71,604 85,911 7,782 14,608 1,105 23,495 (19) 23,476 109,387 13,004 44,623 51,760 109,387 2022 |
£ £ 14,326 39,974 25,149 65,123 79,449 11,753 26,600 105 38,458 (2,584) 35,874 115,323 2,940 39,974 72,409 115,323 2021 |
£ £ 14,326 39,974 25,149 65,123 79,449 11,753 26,600 105 38,458 (2,584) 35,874 115,323 2,940 39,974 72,409 115,323 2021 |
|---|---|---|---|
| 7,782 14,608 1,105 |
11,753 26,600 105 |
||
| 79,449 | |||
| 38,458 | |||
| (2,584) | |||
| 35,874 | |||
| 115,323 | |||
| 2,940 39,974 72,409 |
|||
| 115,323 |
For the year ended 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting recprds and the preparation of accounts.
These financial statements were approved by the members of the committee and authorised for issue on the ……………………………and are signed on their behalf by:
………………………………………………………
A MacRae
Company registration number: 00835252
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WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
Basis of accounting
These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
Incoming resources
Grant income is recognised in the period specified by the donor. Other grants and donations received are recognised as voluntary income. Hire and rental income is recognised once it becomes receivable.
Resources expended
Resources expended are recognised in the period they are incurred and include any attributable VAT which cannot be recovered.
Fixed Assets
All fixed assets are initially recorded at cost. Assets costing less than £250 are charged to resources expended in the year they are purchased.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Musical Instruments - 10 years straight line Office Equipment - 10% reducing balance
Freehold property is not depreciated. Depreciation of assets commences once the asset is installed and ready to use.
Funds
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Investments
Unlisted equity investments are initially recroded at cost, and subsequently measure at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Cash Flow Statement
The company has opted not to prepare a Cash Flow Statement for the period.
2. LIMITED BY GUARANTEE
The company is limited by guarantee not having a share capital. Every member of the company undertakes to contribute such amounts as may be required (not exceeding £1) to the assets of the company if it should be wound up while he is a member or within one year after he ceases to be a member, for payments of the company's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributories among themselves.
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WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
NOTES TO THE FINANCIAL STATEMENTS - cont'd
| 3. DONATIONS AND GRANTS Unrestricted funds Designated funds Restricted funds Donations £ £ £ General donations 2,840 - - Liz Lawrence donation - - 1,000 Grants Wilts Music Connect - - 1,750 2,840 - 2,750 4. CHARITABLE ACTIVITIES Unrestricted funds Designated funds Restricted funds £ £ £ General Fundraising 2,497 - - (6,219) - 7,022 - - 12,385 (3,722) - 19,407 5. OTHER TRADING ACTIVITI Unrestricted funds Designated funds Restricted funds £ £ £ Ensembles and workshops 2,733 - - Room hire 1,972 - - Instrument hire 2,819 - - Income from investments 1,185 4,649 105 Other income 241 - - 8,950 4,649 105 6. OTHER INCOME Unrestricted funds Designated funds Restricted funds £ £ £ Rental income 8,689 - - 8,689 - - 7. STAFF COSTS AND EMOLUMENTS Total staff costs were as follows: Wages and salaries Subcontractors Pension costs Staff training Particulars of employees: The average number of employees during the year, was as follows: Management and administration staff Music Projects/Visible Voices Fundraising for Young Persons Bursaries 2022 2022 2022 2022 |
Total funds £ 2,840 1,000 1,750 5,590 Total funds £ 2,497 803 12,385 15,684 Total funds £ 2,733 1,972 2,819 5,938 241 13,704 Total funds £ 8,689 8,689 2022 £ 10,392 18,341 126 116 28,974 2022 No. 1 |
2021 Total funds £ 1,901 1,000 3,550 |
|---|---|---|
| 6,451 | ||
| 2021 Total funds £ 4,074 - - |
||
| 4,074 | ||
| 2021 Total funds £ 566 916 6,233 - 1,433 |
||
| 9,147 | ||
| 2021 Total funds £ 8,400 |
||
| 8,400 | ||
| 2021 £ 10,584 17,610 107 - |
||
| 28,301 2021 No. 1 |
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WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
NOTES TO THE FINANCIAL STATEMENTS - cont'd
8. FIXED ASSETS
| COST As at 1 April 2021 Additions As at 31 March 2022 DEPRECIATION As at 1 April 2021 Charge for the year As at 31 March 2022 NET BOOK VALUE As at 31 March 2022 As at 31 March 2021 |
Freehold Property 14,129 14,129 - - - 14,129 14,129 |
Office Equipment 1,901 1,901 1,704 20 1,724 177 197 |
Musical Instruments 9,833 9,833 9,833 - 9,833 - - |
Total 25,863 - |
|---|---|---|---|---|
| 25,863 | ||||
| 11,537 20 |
||||
| 11,557 | ||||
| 14,306 | ||||
| 14,326 |
The Freehold property at 113 Gloucester Road is stated at cost. A valuation has not been obtained in the year to 31st March 2022
9. INVESTMENTS Movement in market value
| Movement in market value Market Value at 1 April COIF Fund M&G Charifund Market Value at 31 March COIF Fund M&G Charifund 10. CREDITORS: Amounts falling due within one year Other creditors Deferred income 11. Analysis of charitable funds At 1 April 2021 Income 72,409 18,591 Designated funds 39,974 4,649 Restricted funds Young Persons Bursary - 7,022 Wiltshire Music Connect - 1,750 Visible Voices - 200 Keep Music in Mind 2,940 12,185 Liz Lawrence - 1,105 2,940 22,262 Total funds 115,323 45,501 Unrestricted funds |
Movement in market value Market Value at 1 April COIF Fund M&G Charifund Market Value at 31 March COIF Fund M&G Charifund 10. CREDITORS: Amounts falling due within one year Other creditors Deferred income 11. Analysis of charitable funds At 1 April 2021 Income 72,409 18,591 Designated funds 39,974 4,649 Restricted funds Young Persons Bursary - 7,022 Wiltshire Music Connect - 1,750 Visible Voices - 200 Keep Music in Mind 2,940 12,185 Liz Lawrence - 1,105 2,940 22,262 Total funds 115,323 45,501 Unrestricted funds |
2022 £ 39,974 25,149 44,623 26,981 2022 £ 19 0 19 Expenditure (39,240) - (3,797) (1,750) (300) (6,351) - (12,198) (51,437) |
2021 £ 32,154 20,419 39,974 25,149 2021 £ 834 1,750 |
|---|---|---|---|
| 2,584 At 31 March 2022 51,760 44,623 3,225 - (100) 8,774 1,105 |
|||
| 13,004 | |||
| 45,501 | 109,387 |
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WILTSHIRE RURAL MUSIC SCHOOL LIMITED
The company is limited by guarantee without share capital
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
DETAILED INCOME AND EXPENDITURE ACCOUNT
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| INCOME | |||||
| Grants - other | 1,750 | 3,550 | |||
| Donations | 3,840 | 2,900 | |||
| Special Events | - | 1 | |||
| Fundraising | 3,299 | - | |||
| Ensembles and workshops | 2,733 | 566 | |||
| Room Hire | 1,972 | 916 | |||
| Music Projects | 12,385 | - | |||
| Income From Investments | 5,938 | 1,102 | |||
| Bank Interest | - | 47 | |||
| Instrument Hire | 2,819 | 6,233 | |||
| Other income | 241 | 4,359 | |||
| Rent Received | 8,689 | 8,400 | |||
| 43,668 | 28,073 | ||||
| EXPENDITURE | |||||
| Staff costs | 28,974 | 28,301 | |||
| Community pot | 418 | 610 | |||
| Bursaries | 3,797 | 4,010 | |||
| Ensembles and workshops | 1,228 | - | |||
| Music projects | 4,646 | - | |||
| Instruments | 680 | 446 | |||
| Special Events | - | 1,000 | |||
| Publicity | 340 | 324 | |||
| Premises Running Costs | 8,375 | 3,368 | |||
| Management and administration | 2,981 | 3,024 | |||
| 51,437 | 41,083 | ||||
| Net gains/(losses) on investments | 1,833 | 12,550 | |||
| OPERATING SURPLUS/(DEFICIT) FOR THE YEAR | (5,936) | (460) |
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We are extremely grateful for the following donations/financial support received during the Year 2021/22.
A Neate A Tindale Andrew Stewart AMMCO Charitable Trust Bradford on Avon Rotary Club Charity Aid Foundation - anonymous Chippenham Borough Lands Trust De Byre Charitable Trust Denise Lea Devizes Eisteddfod Hannah Hyam Josh Hole A Jones Morris Beneficent Fund Mr & Mrs R A Young Mr & Mrs W Thomson Mrs P M Kenwrick Paula Vass Ruth Nikitas Sarah Smith Stephanie Gooch Tech Office, Trowbridge The Lennox Hannay Trust The Thomas Freke and Lady Norton Foundation W G Edwards Charity Westbury Lions Wiltshire Lodge of Agriculture Westbury U3a
All donations received from audiences attending Ludmila Bezpaltchaya and friends concerts, and the Ebonite’s Clarinet Choir Hilperton fundraiser. A huge thank you also to our wonderful Tune@noon musicians who give up their time to provide a little lunchtime restbite whilst raising a few pounds towards the charity.
All anonymous donations received, donations from purchases made through AmazonSmile, and all participants of the ‘100 Club’ campaign.
Thank you to Everyone
Tax is recovered on all donations for which a Gift Aid Form has been completed.
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