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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|7|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet|10|to|11|
|Notes tothe Financial Statements|12|to|22|
|Detailed Statement ofFinancial Activities|23|to|24|
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|||||f|
|---|---|---|---|---|
|Total Reserves per Statement of||Financial|Activities|150,811|
|Less: Restricted|Reserves|||(68,237)|
|Less: Unrestricted
Reserves held||as Fixed|Assets||
|Amount
Available|as Unrestricted|Reserves||82,574|
|Reserves Policy-|Wind Down Costs|||(47,000)|
|Reserves
Policy -|Contingency|||(5,000)|
|Excess Reserves||||30,574|
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|Trustees|||
|---|---|---|
|Elizabeth
Mary Bavidge OBE (Chairperson)|||
|Sam Dunkley|||
|Patricia
Ellis|||
|Hannah
Marion Jones|||
|Janette Randerson|(Treasurer)||
|Company Secretary|||
|Gail Dudson|||
|Independent
Examiner|||
|Riley 8 Co Limited|||
|Chartered
Accountants|||
|52StJohns Lane|||
|Halifax|||
|West Yorkshire|||
|HX12BW|||
|Bankers|||
|Virgin Money|||
|Jubilee House|||
|Gosfoith|||
|Newcastle
upon Tyne|||
|NE3 4PL|||
|Investment
Management|||
|CCLA Investment|Management|Limited|
|Senator House|||
|85Queen Victoria|Street||
|London|||
|EC4V 4ET|||
|Chief Officer|||
|Gail Dodson|||
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||||||31/3/21|31/3/20|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|E|E|E|E|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||88,633|74,132|162,765|81,043|
|Charitable
activities|||||||
|General charitable
activities||||1,000|1,000|1,095|
|Children
in Need||||1,200|1,200|120|
|Musical Freedoms||||78,530|78,530||
|Musical Tracks||||47,690|47,690|70,651|
|Music and Well Being||||||24,795|
|Investment
income|||||||
|Total|||88,642|202,552|291,194|178,150|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|General charitable
activities|||65,593|45,047|110,640|64,189|
|Children
in Need||||10,804|10,804|11,407|
|Musical Freedoms||||50,119|50,119||
|Musical Tracks||||45,067|45,067|120,774|
|Music and Well Being||||||14,564|
|Total|||65,593|151,037|216,630|210,934|
|NET INCOME/(EXPENDITURE)|||23,049|51,515|74,564|(32,784)|
|Transfers between funds||16|3,202|(3,202)|||
|Net movement
in funds|||26,251|48,313|74,564|(32,784)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||56,323|19,924|76,247|109,031|
|TOTAL FUNDS CARRIED FORWARD|||82,574|68,237|150,811|76,247|
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|||31/3/21|31/3/20|
|---|---|---|---|
||Notes|E|6|
|FIXEDASSETS||||
|Tangible assets|12|1,584|942|
|CURRENT ASSETS||||
|Debtors|13|29,525|14,065|
|Cash at bank and in hand||133,177|72,565|
|||162,702|86,630|
|CREDITORS||||
|Amounts
falling due within one year|14|(13,475)|(11,325)|
|NET CURRENT ASSETS||149,227|75,305|
|TOTAL ASSETSLESSCURRENT LIABILITIES||150,811|76,247|
|NET ASSETS||150,811|76,247|
|FUNDS|16|||
|Unrestricted
funds||82,574|56,323|
|Restricted funds||68,237|19,924|
|TOTAL FUNDS||150,811|76,247|
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|||||31/3/21|31/3/20|
|---|---|---|---|---|---|
|||||f|E|
|Donations||||123||
|Grants||||119,191|21,833|
|Donated|services|and|facilities|43,451|59,210|
|||||162,765|81,043|
|||||31/3/21|31/3/20|
|---|---|---|---|---|---|
|||||E|E|
|Arts Council|England,||Yorkshire|15,000||
|Arts Council|- Cultural||Recovery Fund|49,500||
|The Bromley Trust||||5,500|5,500|
|Calderdale|MBC|||10,000||
|Children
in|Need|||11133|8,333|
|Job Retention Scheme||||20,058||
|Masonic Charitable||Foundation||5,000|5,000|
|Noel Buxton Trust||||3,000|3,000|
|||||119,191|21,833|
##
|3.|INVESTMENT INCOME|INVESTMENT INCOME|INVESTMENT INCOME||||||
|---|---|---|---|---|---|---|---|---|
||||||||31/3/21|31/3/20|
||||||||E|E|
||Deposit|account interest|||||9|446|
||INCOME|FROM CHARITABLE ACTIVITIES|||||||
||||||||31/3/21|31/3/20|
||||Activity||||E|E|
||Partnership
fees -schools &||||||||
||local partners||General|charitable|activities||1,000|1,095|
||Partnership
fees - schools &||||||||
||local partners||Children|in Need|||1,200|120|
||National|Foundation|for Youth||||||
||Music||Musical|Freedoms|||35,000||
||Partnership
fees - schools &||||||||
||local partners||Musical|Freedoms|||43,530||
||National|Foundation|for Youth||||||
||Music||Musical|Tracks|||14,288|14,288|
||Partnership
fees - schools &||||||||
||local partners||Musical|Tracks|||33,402|56,363|
||National|Foundation|for Youth||||||
||Music||Music and Well Being|||||24,795|
||||||||128,420|96,661|
|5,|CHARITABLE ACTIVITIES COSTS||||||||
|||||||Direct|Support||
|||||||Costs (see|costs (see||
|||||||note 6)
E|note 7)
E|Totals
f|
||General|charitable|activities|||108,711|1,929|110,640|
||Children|in Need||||10,804||10,804|
||Musical|Freedoms||||50,119||50,119|
||Musical|Tracks||||45,067||45,067|
|||||||214,701|1,929|216,630|
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|DIRECT COSTS OF CHARITABLE ACTIVITIES|DIRECT COSTS OF CHARITABLE ACTIVITIES|DIRECT COSTS OF CHARITABLE ACTIVITIES|DIRECT COSTS OF CHARITABLE ACTIVITIES|||
|---|---|---|---|---|---|
|||||31/3/21|31/3/20|
|||||f|f|
|Staff costs||||43,066|47,073|
|Insurance||||1,496|1,385|
|Light and heat||||2,263|2,283|
|Telephone||||1,476|1,427|
|Postage and carriage|||||67|
|Public relations|and marketing|||17,233|8,867|
|Sundries||||1|356|
|Rent||||5,464|5,163|
|Repairs and maintenance||||1,967|234|
|Cleaning|||||714|
|Project Equipment||||48,703|59,210|
|Subscriptions||||1,128|811|
|Training / Training|||Placements|158|201|
|Office supplies||||56|1,216|
|Catering|||||83|
|Motor and travel||expenses|||266|
|Artist's fees||||89,136|77,379|
|Depreciation||||2,526|2,200|
|Interest payable||and similar charges||28|87|
|||||214,701|209,022|
|SUPPORT COSTS||||||
||||||Governance|
||||||costs|
||||||6|
|General charitable|||activities||1,929|
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|SUPPORT COSTS - continued|SUPPORT COSTS - continued|SUPPORT COSTS - continued|||
|---|---|---|---|---|
|Support costs, included||in the above, are asfollows:|||
||||31/3/21|31/3/20|
||||General||
||||charitable|Total|
||||activities|activities|
||||E|E|
|Accountancy|and legal fees||1,929|1,912|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)||is stated after charging/(crediting):|||
||||31/3/21|31/3/20|
||||f|E|
|Depreciation|-owned assets||2,525|2,201|
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||31.3.21|31.3.20|
|---|---|---|
||6|6|
|Wages and salaries|41,851|42,466|
|Social security costs|3,351|3,438|
|Pension costs|887|972|
|||46,876|
##
||31.3.21|31.3.20|
|---|---|---|
||Number|Number|
|Direct charitable|0.60|0.60|
|Administration|0.60|0.60|
||1.20|1.20|
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|COMPARAT|IVES F|OR THE STA|TEMENT OF FINANCIAL A|CTIVITIES|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||6|f|6|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations|and legacies|||64,210|16,833|81,043|
|Charitable|activities||||||
|General charitable||activities||1,095||1,095|
|Children
in|Need||||120|120|
|Musical Tracks|||||70,651|70,651|
|Music and|Well Being||||24,795|24,795|
|Investment|income|||||446|
|Total||||65,751|112,399|178,150|
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|||||||
|---|---|---|---|---|---|
|11.|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||f|E|E|
||EXPENDITURE ON|||||
||Charitable
activities|||||
||General charitable|activities|64,189||64,189|
||Children
in Need|||11,407|11,407|
||Musical Tracks|||120,774|120,774|
||Music and Well Being|||14,564|14,564|
||Total||64,189|146,745|210,934|
||NET INCOME/(EXPENDITURE)||1,562|(34,346)|(32,784)|
||RECONCILIATION|OF FUNDS||||
||Total funds brought forward||54,761|54,270|109,031|
||TOTAL FUNDS CARRIED FORWARD||56p323|19,924|76,247|
|12.|TANGIBLE FIXEDASSETS|||||
||||Fixtures,|||
||||fittings|Audio||
||||and|visual||
||||equipment|equipment|Totals|
||||E|E|E|
||COST|||||
||At 1st April 2020||16,596|3,397|19,993|
||Additions||3,167||3,167|
||At 31st March 2021||19,763|3,397|23,160|
||DEPRECIATION|||||
||At 1stApril 2020||15,654|3,397|19,051|
||Charge for year||2,525||2,525|
||At 31st March 2021||18,179|3,397|21,576|
||NET BOOK VALUE|||||
||At 31st March 2021||1,584||1,584|
||At 31st March 2020||942||942|
##
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|13.|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|
|||||||31/3/21|31/3/20|
|||||||f|f|
||Trade debtors|||||11,810|10,250|
||Accrued|income||||17,400|3,501|
||Prepayments|||||315|314|
|||||||29,525|14,065|
|14.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
|||||||31/3/21|31/3/20|
|||||||E|E|
||Trade creditors|||||900||
||Credit card|||||125|28|
||Accruals|||||12,450|11,297|
|||||||13,475|11,325|
|15.|ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||||
|||||||31/3/21|31/3/20|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|||||E|E|E|f|
||Fixed assets||||1,584|1,584|942|
||Current|assets||93,049|69,653|162,702|86,630|
||Current|liabilities||(10,475)|(3,000)|(13,475)|(11,325)|
|||||82,574|68,237|150,811|76,247|
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|MOVEMENT
IN FUND|S|||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
||||At 1/4/20||in funds|funds|31/3/21|
||||E||E|6|6|
|Unrestricted
funds||||||||
|General fund|||56,323||23,049|3,202|82,574|
|Restricted funds||||||||
|Arts Council - Cultural|Recovery Fund||||7,606||7,606|
|The Bromley Trust - MBU's Little||Song Stars|5,500||6,347||11,847|
|Children
in Need|||3,613||6,529||10,142|
|Musical Freedoms|||||28,411||28,411|
|Musical Tracks||||580|2,622|(3,202)||
|Music Well Being|||10,231||||10,231|
||||19,924||5' 515|(3,202)|68,237|
|TOTALFUNDS|||76,247||74,564||150,811|
|Net movement
in funds, included||in the above are as follows:||||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||6|6|E|
|Unrestricted
funds||||||||
|General fund|||||88,642|(65,593)|23,049|
|Restricted funds||||||||
|Arts Council - Cultural|Recovery|Fund|||49,500|(41,894)|7,606|
|The Bromley Trust - MBU's Little||Song Stars|||9,500|(3,153)|6,347|
|Children
in Need|||||17,333|(10,804)|6,529|
|Musical Freedoms|||||78,530|(50,119)|28,411|
|Musical Tracks|||||47,689|(45,067)|2,622|
||||||202,552|(151,037)|51,515|
|TOTAL FUNDS|||||291,194|(216,630)|74,564|
##
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|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/4/19|in funds|31/3/20|
||||E|E|E|
|Unrestricted
funds||||||
|General fund|||54,761|1,562|56,323|
|Restricted funds||||||
|The Bromley Trust - MBU's|Little Song Stars|||5,500|5,500|
|Children
in Need|||6,567|(2,954)|3,613|
|Musical Tracks|||47,703|(47,123)|580|
|Music Well Being||||10,231|10,231|
||||54,270|(34,346)|19,924|
|TOTALFUNDS|||109,031|(32,784)|76,247|
|Comparative
net movement|in funds, included|in the above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||E|E|E|
|Unrestricted
funds||||||
|General fund|||65,751|(64,189)|1,562|
|Restricted funds||||||
|The Bromlay Trust - MBU's|Little Song Stars||5,500||5,500|
|Children
in Need|||8,453|(11,407)|(2,954)|
|Musical Tracks|||73,651|(120,774)|(47,123)|
|Music Well Being|||24,795|(14,564)|10,231|
||||112,399|(146,745)|(34,346)|
|TOTALFUNDS|||178,150|(210,934)|(32,784)|
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|||31/3/21|31/3/20|
|---|---|---|---|
|||E|f|
|INCOME AND ENDOWMENTS||||
|Donations
and legades||||
|Donations||123||
|Grants||119,191|21,833|
|Donated services and facilities||43,451|59,210|
|||162,765|81,043|
|Investment
income||||
|Deposit account interest||||
|Charitable
activities||||
|National
Foundation|for Youth Music|49,288|39,083|
|Partnership
fees - schools &local partners||79,132|57,578|
|||128,420|96,661|
|Total incoming resources||291,194|178,150|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||40,741|42,466|
|Social security||1,832|3,438|
|Pensions||493|1,169|
|Insurance||1,496|1,385|
|Light and heat||2,263|2,283|
|Telephone||1,476|1,427|
|Postage and carriage|||67|
|Public relations
and|marketing|17,233|8,867|
|Sundries||1|356|
|Rent||5,464|5,163|
|Repairs and maintenance||1,967|234|
|Cleaning|||714|
|Project Equipment||48,703|59,210|
|Subscriptions||1,128|811|
|Training /Training|Placements|158|201|
|Office supplies||56|1,216|
|Catering|||83|
|Carried forward||123,011|129,090|
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||31/3/21|31/3/20|
|---|---|---|
||f|f|
|Charitable activities|||
|Brought forward|123,011|129,090|
|Motor and travel expenses||266|
|Artist's fees|89,136|77,379|
|Plant and machinery|2,526||
|Depn offixtures, fittings &equipment||2,200|
|Bank charges|28|87|
||214,701|209,022|
|Support costs|||
|Governance costs|||
|Accountancy
and legal fees|1,929|1,912|
|Totalresources
expended|216,630|210,934|
|Netincome/(expenditure)|74,564|(32,784)|