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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Independent
Examiner's
Report||||
|Statement of Financial Activities||||
|Balance Sheet|9|to|10|
|Notes to the Financial Statements|11|to|21|
|Detailed Statement ofFinancial Activities|22|to|23|
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|mary
ofreserves
is as below:-|||
|---|---|---|
|||f|
|Total Reserves per Statement of|Financial Activities|120,270|
|Less: Restricted
Reserves||(47,923)|
|Less: Unrestricted
Reserves held|as Fixed Assets||
|Amount
Available as Unrestricted|Reserves|72,347|
|Reserves Policy - Wind Down Costs||(46,000)|
|Reserves Policy —Contingency||(5,000)|
|Excess Reserves||21,347|
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||||||||31/3/22|31/3/21|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|f|f|f|f|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||||32,696|8,211|40,907|162,765|
|Charitable
activities|||||||||
|General charitable||activities|||(126)||(126)|1,000|
|Children
in Need||||||||1,200|
|Musical Freedoms||||||84,350|84,350|78,530|
|Musical Tracks||||||||47,690|
|Investment
income|||||59||59||
|Total|||||32,629|92,561|125,190|291,194|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
|General charitable||activities|||42,857|29,160|72,017|110,640|
|Children
in Need||||||3,030|3,030|10,804|
|Musical Freedoms||||||80,684|80,684|50,119|
|Musical Tracks||||||||45,067|
|Total|||||42,857|112,874|155,731|216,630|
|NET INCOME/(EXPENDITURE)|||||(10,228)|(20,313)|(30,541)|74,564|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought||forward|||82,574|68,237|150,811|76,247|
|TOTAL FUNDS CARRIED FORWARD|||||72,346|47,924|120,270|150,811|
##
||Balance Sheet|||
|---|---|---|---|
||31stMarch 2022|||
|||31/3/22|31/3/21|
||Notes|E|E|
|FIXEDASSETS||||
|Tangible assets|12|1,062|1,584|
|CURRENT ASSETS||||
|Debtors|13|6,381|29,525|
|Cash at bank and in hand||115,014|133,177|
|||121,395|162,702|
|CREDITORS||||
|Amounts
falling due within one year|14|(2,187)|(13,475)|
|NET CURRENT ASSETS||119,208|149,227|
|TOTAL ASSETS LESSCURRENT LIABILITIES||120,270|150,811|
|NET ASSETS||120,270|150,811|
|FUNDS|17|||
|Unrestricted
funds||72,346|82,574|
|Restricted funds||47,924|68,237|
|TOTAL FUNDS||120,270|150,811|
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|||||31/3/22|31/3/21|
|---|---|---|---|---|---|
|||||E|E|
|Donations||||595|123|
|Grants||||39,712|119,191|
|Donated|services|and|facilities|600|43,451|
|||||40,907|162,765|
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||Grants received,|included|included|included|in the|above, are|as follows:||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31/3/22|31/3/21|
||||||||||f|E|
||Arts Council England,|||Yorkshire||||||15,000|
||Arts Council
—Cultural|||Recovery||Fund|||25,769|49,500|
||The Bromley Trust||||||||5,500|5,500|
||Calderdale
MBC||||||||2,443|10,000|
||Children
in Need|||||||||11,133|
||HMRC
—Job Retention|||Scheme||||||20,058|
||Masonic Charitable||Foundation||||||5,000|5,000|
||Noel Buxton Trust|||||||||3,000|
||Stephen
Clark||||||||1,000||
||||||||||39,712|119,191|
|3.|INVESTMENT INCOME||||||||||
||||||||||31/3/22|31/3/21|
||||||||||E|E|
||Deposit account|interest|||||||59||
|4.|INCOME FROM|CHARITABLE ACTIVITIES|||||||||
||||||||||31/3/22|31/3/21|
|||||||Activity|||f|E|
||Partnership
fees|- schools|||&||||||
||local partners|||||General|charitable|activities|(126)|1,000|
||Partnership
fees|- schools|||&||||||
||local partners|||||Children|in Need|||1,200|
||National
Foundation|||for Youth|||||||
||Music|||||Musical|Freedoms||32,500|35,000|
||Partnership
fees|—schools|||&||||||
||local partners|||||Musical|Freedoms||51,850|43,530|
||National
Foundation|||for Youth|||||||
||Music|||||MusicalTracks||||14,288|
||Partnership
fees|- schools|||8||||||
||local partners|||||Musical|Tracks|||33,402|
||||||||||84,224|128,420|
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|CHARITABLE ACTI|VITIES COSTS||||
|---|---|---|---|---|
|||Direct|Support||
|||Costs (see|costs (see||
|||note 6)
f|note 7)
f|Totals
f|
|General charitable|activities|69,436|2,581|72,017|
|Children
in Need||3,030||3,030|
|Musical Freedoms||80,684||80,684|
|||153,150|2,581|155,731|
|DIRECT COSTS OF|CHARITABLE ACTIVITIES||||
||||31/3/22|31/3/21|
||||f|f|
|Staff costs|||62,080|43,066|
|Insurance|||1,599|1,496|
|Light and heat|||2,093|2,263|
|Telephone|||1,280|1,476|
|Postage and carriage|||50||
|Public relations
and marketing|||5,956|17,233|
|Sundries|||308|1|
|Rent|||5,825|5,464|
|Repairs and maintenance|||45|1,967|
|Cleaning|||57||
|Project Equipment|||1,937|48,703|
|Subscri ptions|||2,000|1,128|
|Training /Training|Placements|||158|
|Office supplies|||491|56|
|Motor and travel expenses|||340||
|Artist's fees|||66,336|89,136|
|Depreciation|||2,646|2,526|
|Interest payable and similar charges|||107|28|
||||153,150|214,701|
##
|||||||Governance|
|---|---|---|---|---|---|---|
|||||||costs|
|||||||E|
||General charitable||activities|||2,581|
||Support costs, included|||in the above, are as follows:|||
||||||31/3/22|31/3/21|
||||||General||
||||||charitable|Total|
||||||activities|activities|
||||||E|E|
||Accountancy|and|legal fees||2,581|1,929|
|8.|NET INCOME/(EXPENDITURE)||||||
||Net income/(expenditure)|||is stated after charging/(crediting):|||
||||||31/3/22|31/3/21|
||||||f|E|
||Depreciation|-owned assets|||2,646|2,525|
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||||31/3/22|31/3/21|
|---|---|---|---|---|
|Average staff|numbers||1|1|
|No employees|received emoluments|in excess off60,000.|||
||||31.3.22|31.3.21|
||||f|E|
|Wages and salaries|||43,697|41,851|
|Social security|costs||4,007|3,351|
|Pension costs|||990|887|
||||48,694|46,089|
##
||31.3.22|31.3.21|
|---|---|---|
||Number|Number|
|Direct charitable|0.60|0.60|
|Administration|0.60|0.60|
||1.20|1.20|
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|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||f|E|E|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations
and legacies||||88,633|74,132|162,765|
|Charitable
activities|||||||
|General charitable|activities||||1,000|1,000|
|Children
in Need|||||1,200|1,200|
|Musical Freedoms|||||78,530|78,530|
|Musical Tracks|||||47,690|47,690|
|Investment
income|||||||
|Total||||88,642|202,552|291,194|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|General charitable|activities|||65,593|45,047|110,640|
|Children
in Need|||||10,804|10,804|
|Musical Freedoms|||||50,119|50,119|
|Musical Tracks|||||45,067|45,067|
|Total||||65,593|151,037|216,630|
|NET INCOME||||23,049|51,515|74,564|
|Transfers between||funds||3,202|(3,202)||
|Net movement
in|funds|||26,251|48,313|74,564|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought||forward||56,323|19,924|76,247|
|TOTAL FUNDS CARRIED FORWARD||||82,574|68,237|150,811|
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|12.|TANGIBLE FIXED ASSE|TS||||
|---|---|---|---|---|---|
||||Fixtures,|||
||||fittings|Audio||
||||and|visual||
||||equipment|equipment|Totals|
||||E|E|E|
||COST|||||
||At 1st April 2021||19,763|3,397|23,160|
||Additions||2,124||2,124|
||At 31st March 2022||21,887|3,397|25,284|
||DEPRECIATION|||||
||At 1stApril 2021||18,179|3,397|21,576|
||Charge for year||2,646||2,646|
||At 31st March 2022||20,825|3,397|24,222|
||NET BOOK VALUE|||||
||At 31st March 2022||1,062||1,062|
||At 31st March 2021||1,584||1,584|
|13.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
|||||31/3/22|31/3/21|
|||||E|E|
||Trade debtors|||2,690|11,810|
||Other debtors|||656||
||Accrued income|||1,860|17,400|
||Prepayments|||1,175|315|
|||||6,381|29,525|
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||||||||||31/3/22|31/3/21|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||f|f|
||Trade creditors|||||||||900|
||Credit card|||||||||125|
||Accruals||||||||2,187|12,450|
||||||||||2,187|13,475|
|15.|LEASING|AGREEMENTS|||||||||
||Minimum|lease payments|||under non-cancellable|operating|leases fall due as follows:||||
||||||||||31/3/22|31/3/21|
||||||||||E|f|
||Within one year||||||||4,721||
|16.|ANALYSIS OF NET||ASSETS||BETWEEN FUNDS||||||
||||||||||31/3/22|31/3/21|
|||||||Unrestricted||Restricted|Total|Total|
||||||||funds|funds|funds|funds|
||||||||f|E|E|E|
||Fixed assets||||||1,062||1,062|1,584|
||Current|assets|||||73,471|47,924|121,395|162,702|
||Current|liabilities|||||(2,187)||(2,187)|(13,475)|
||||||||72,346|47,924|120,270|150,811|
|17.|MOVEMENT
IN FUNDS||||||||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1/4/21|in funds|31/3/22|
|||||||||E|E|E|
||Unrestricted
funds||||||||||
||General|fund||||||82,574|(10,228)|72,346|
||Restricted funds||||||||||
||Arts Council - Cultural|||Recovery Fund||||7,606|(7,584)|22|
||The Bromley Trust||—MBU's||Little Song Stars|||11,847|(4,227)|7,620|
||Children|in Need||||||10,142|(3,030)|7,112|
||Musical|Freedoms||||||28,411|3,665|32,076|
||Music Well Being|||||||10,231|(9,137)|1,094|
|||||||||68,237|(20,313)|47,924|
||TOTAL FUNDS|||||||150,811|(30,541)|120,270|
##
||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|
||||||resources|expended|in funds|
||||||f|E|E|
|Unrestricted
funds||||||||
|General fund|||||32,629|(42,857)|(10,228)|
|Restricted funds||||||||
|Arts Council
—Cultural||Recovery Fund|||2,712|(10,296)|(7,584)|
|The Bromley Trust|-MBU's Little Song Stars||||5,500|(9,727)|(4,227)|
|Children
in Need||||||(3,030)|(3,030)|
|Musical Freedoms|||||84,349|(80,684)|3,665|
|Music Well Being||||||(9,137)|(9,137)|
||||||92,561|(112,874)|(20,313)|
|TOTAL FUNDS|||||125,190|(155,731)|(30,541)|
|Comparatives
for|movement||in funds|||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/4/20|in funds|funds|31/3/21|
|||||E|f|f|E|
|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|51,515|(3,202)|68,237|
|TOTAL FUNDS||||76,247|74,564||150,811|
##
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|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|||||E|f|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|
|Restricted funds|||||||
##
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||||31/3/22f|31/3/21
E|
|---|---|---|---|---|
|INCOME AND ENDOWMENTS|||||
|Donations
and|legacies||||
|Donations|||595|123|
|Grants|||39,712|119,191|
|Donated services and facilities|||600|43,451|
||||40,907|162,765|
|Investment
income|||||
|Deposit account|interest||59||
|Charitable
activities|||||
|National
Foundation||for Youth Music|32,500|49,288|
|Partnership
fees - schools 5local partners|||51,724|79,132|
||||84,224|128,420|
|Total incoming|resources||125,190|291,194|
|EXPENDITURE|||||
|Charitable
activities|||||
|Wages|||66,982|40,741|
|Social security|||(5,892)|1,832|
|Pensions|||990|493|
|Insurance|||1,599|1,496|
|Light and heat|||2,093|2,263|
|Telephone|||1,280|1,476|
|Postage and carriage|||50||
|Public relations|and marketing||5,956|17,233|
|Sundries|||308|1|
|Rent|||5,825|5,464|
|Repairs and maintenance|||45|1,967|
|Cleaning|||57||
|Project Equipment|||1,937|48,703|
|Subscriptions|||2,000|1,128|
|Training / Training Placements||||158|
|Office supplies|||491|56|
|Motor and travel expenses|||340||
|Carried forward|||84,061|123,011|
##
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|||31/3/22|31/3/21|
|---|---|---|---|
|||f|E|
|Charitable
activities||||
|Brought forward||84,061|123,011|
|Artist's fees||66,336|89,136|
|Plant and machinery|||1,584|
|Depn offixtures, fittings 5equipment||2,646|942|
|Bank charges||107|28|
|||153,150|214,701|
|Support costs||||
|Governance|costs|||
|Accountancy|and legal fees|2,581|1,929|
|Total resources|expended|155,731|216,630|
|Net (expenditure)/income||(30,541)|74,564|