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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|7|
|Independent
Examiner's|Report||||
|Statement of Financial|Activities||||
|Balance Sheet||10|to|11|
|Notes to the Financial Statements||12|to|22|
|Detailed Statement of|Financial Activities|23|to|24|
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|mmary
of reserves
is as below. -||||
|---|---|---|---|
||||E|
|Total Reserves per Statement of|Financial|Activities|135,342|
|Less: Restricted
Reserves|||(48,530)|
|Less .Unrestricted
Reserves held|as Fixed|Assets|(2,467)|
|Less: Designated
Reserves|||(13,811)|
|Amount
Available
as Unrestricted|Reserves||70,534|
|Reserves Policy -Wind Down Costs
Reserves
Policy - Contingency|||(46,000)
(5,000)|
|Excess Reserves|||19,534|
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||||||||31/3/23|31/3/22|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|E|f|E|E|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies||||2|18,163|77,551|95,714|40,907|
|Charitable
activities|||||||||
|General charitable||activities|||6,924|14,054|20,978|(126)|
|Musical Freedoms||||||67,345|67,345|84,350|
|Investment
income||||3|2,136||2,136|59|
|Tota I|||||27,223|158,950|186,173|125,190|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
|General charitable||activities|||22,724|44,222|66,946|72,017|
|Children
in Need||||||4,142|4,142|3,030|
|Musical Freedoms||||||100,013|100,013|80,684|
|Total|||||22,724|148,377|171,101|155,731|
|NET INCOME/(EXPENDITURE)|||||4,499|10,573|15,072|(30,541)|
|Transfers between||funds||17|9,967|(9,967)|||
|Net movement
ln|funds||||14,466|606|15,072|(30,541)|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought||forward|||72,346|47,924|120,270|150,811|
|TOTAL FUNDS CARRIED FORWARD|||||86,812|48,530|135,342|120,270|
|||31/3/23|31/3/22|
|---|---|---|---|
||Notes|E|E|
|FIXEDASSETS||||
|Tangible assets|12|2,467|1,062|
|CURRENT ASSETS||||
|Debtors|13|29,764|6,381|
|Cash at bank and in hand||108,532|115,014|
|||138,296|121,395|
|CREDITORS||||
|Amounts
falling due within one year|14|(5,421)|(2,187)|
|NET CURRENT ASSETS||132,875|119,208|
|TOTAL ASSETS LESSCURRENT LIABILITIES||135,342|120,270|
|NET ASSETS||135,342|120,270|
|FUNDS|17|||
|Unrestricted
funds||86,813|72,346|
|Restricted funds||48,529|47,924|
|TOTALFUNDS||135,342|120,270|
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|DONATIONS|DONATIONS|AND|LEGACIES|||
|---|---|---|---|---|---|
|||||31/3/23|31/3/22|
|||||E|E|
|Donations||||1,653|595|
|Grants||||92,861|39,712|
|Donated|services||and facilities|1,200|600|
|||||95,714|40,907|
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|||||||31/3/23|31/3/22|
|---|---|---|---|---|---|---|---|
|||||||E|6|
|Arts Council
England,||Yorkshire||||26,568||
|Arts Council - Cultural||Recovery Fund|||||25,769|
|Bradford
MDC||||||1,000||
|The Bromley Trust|||||||5,500|
|Calderdale
MBC||||||10,500|2,443|
|The Cambrian
Group||||||1,050||
|The D'Oyly Centre||||||3,500||
|Kirklees Council||||||18,830||
|Masonic Charitable|Foundation||||||5,000|
|One Community
Foundation||||||5,923||
|Reach Academy||||||4,230||
|Sing Up Foundation||||||6,000||
|Sir George Martin Trust||||||2,500||
|South West Yorkshire||Partnership||NHS||7,000||
|Stephen
Clark|||||||1,000|
|West Yorkshire Combined|||Authority|||5,760||
|||||||92,861|39,712|
|INVESTMENT INCOME||||||||
|||||||31/3/23|31/3/22|
|||||||E|E|
|Deposit account interest||||||2,136|59|
|INCOME FROM CHARITABLE ACTIVITIES||||||||
|||||||31/3/23|31/3/22|
|||||Activity||E|E|
|National
Foundation||for||||||
|Youth Music||||General charitable|activities|2,755||
|Partnership
fees - schools|||&|||||
|local partners||||General charitable|activities|17,864|(126)|
|Other||||General charitable|activities|359||
|National
Foundation||for||||||
|Youth Music||||Musical Freedoms||32,500|32,500|
|Partnership
fees —schools|||&|||||
|local partners||||Musical Freedoms||34,845|51,850|
|||||||88,323|84,224|
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|CHARITABLE AC|TI|VITIES COSTS||||
|---|---|---|---|---|---|
||||Direct|Support||
||||Costs (see|costs (see||
||||note 6)|note 7)|Totals|
||||E|E|E|
|General charitable||activities|64,396|2,550|66,946|
|Children
in Need|||4,142||4,142|
|Musical Freedoms|||100,013||100,013|
||||168,551|2,550|171,101|
|DIRECT COSTS OF||CHARITABLE ACTIVITIES||||
|||||31/3/23|31/3/22|
|||||E|E|
|Staff costs||||53,067|62,080|
|Insurance||||1,732|1,599|
|Light and heat||||692|2,093|
|Telephone||||1,094|1,280|
|Postage and carriage||||76|50|
|Public relations|and marketing|||7,081|5,956|
|Sundries||||176|308|
|Rent||||5,841|5,825|
|Repairs and maintenance||||1,095|45|
|Clea ning||||169|57|
|Project Equipment||||1,282|1,937|
|Subscriptions||||1,774|2,000|
|Training / Training||Placements||2,474||
|Office supplies||||104|491|
|Motor and travel||expenses||401|340|
|Artist's fees||||87,795|66,336|
|Depreciation||||3,529|2,646|
|Interest payable|and similar charges|||169|107|
|||||168,551|153,150|
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|SUPPORT CO|S|TS|||||
|---|---|---|---|---|---|---|
|||||||Governance|
|||||||costs|
|||||||6|
|General charitable|||activities|||2,550|
|Support costs,||included||in the above, are as follows:|||
||||||31/3/23|31/3/22|
||||||General||
||||||charitable|Total|
||||||activities|activities|
||||||E|f|
|Accountancy|and||legal fees||2,550|2,581|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)||||is stated after charging/(crediting):|||
||||||31/3/23|31/3/22|
||||||f|E|
|Depreciation|-owned assets||||3,529|2,646|
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||||31.3.23|31.3.22|
|---|---|---|---|---|
||||6|6|
|Wages and salaries|||44,871|43,697|
|Social security costs - In year|||867|4,007|
|Social security costs - Prior years employment|allowance|refund|(4,716)||
|Pension costs|||1,215|990|
||||42,237|48,694|
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|COMPARATIVES F|OR THE STA|TEMENT OF FINANCIA|LACTIVITIES|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||f|f|f|
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies|||32,696|8,211|40,907|
|Charitable
activities||||||
|General charitable|activities||(126)||(126)|
|Musical Freedoms||||84,350|84,350|
|Investment
income|||59||59|
|Total|||32,629|92,561|125,190|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|General charitable|activities||42,857|29,160|72,017|
|Children
in Need||||3,030|3,030|
|Musical Freedoms||||80,684|80,684|
|Total|||42,857|112,874|155,731|
|NET INCOME/(EXPENDITURE)|||(10,228)|(20,313)|(30,541)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought|forward||82,574|68,237|150,811|
##
||COMPARATIVES|FOR|THE STATEMENT OF FINANCIAL ACTIVITIES -continued|THE STATEMENT OF FINANCIAL ACTIVITIES -continued|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Tota
I|
|||||funds|funds|funds|
|||||E|E|E|
||TOTAL FUNDS CARRIED FORWARD|||72,346|47,924|120,270|
|12.|TANGIBLE FIXED|ASSETS|||||
|||||Fixtures,|||
|||||fittings|Audio||
|||||and|visual||
|||||equipment|equipment|Totals|
|||||E|E|E|
||COST||||||
||At 1st April 2022|||21,887|3,397|25,284|
||Additions|||4,934||4,934|
||At 31st March 2023|||26,821|3,397|30,218|
||DEPRECIATION||||||
||At 1st April 2022|||20,825|3,397|24,222|
||Charge for year|||3,529||3,529|
||At 31st March 2023|||24,354|3,397|27,751|
||NET BOOK VALUE||||||
||At 31st March 2023|||2,467||2,467|
||At 31st March 2022|||1,062||1,062|
|13.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||31/3/23|31/3/22|
||||||E|E|
||Trade debtors||||15,985|2,690|
||Other debtors|||||656|
||Accrued income||||12,735|1,860|
||Prepayments||||1,044|1,175|
||||||29,764|6,381|
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|31/3/23|31/3/22|
|---|---|
|6|E|
|5,421|2,187|
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|||||31/3/23|31/3/22|
|---|---|---|---|---|---|
|||||E|f|
|Within|one year|||4,934|4,721|
|ANALY|SIS OF NET ASSETS BETWEEN FUNDS|||||
|||||31/3/23|31/3/22|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||E|6|E|E|
|Fixed assets||2,467||2,467|1,062|
|Current|assets|88,547|49,749|138,296|121,395|
|Current|liabilities|(4,201)|(1,220)|(5,421)|(2,187)|
|||86,813|48,529|135,342|120,270|
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|MOVEMENT
IN|F|UN|DS||||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1/4/22|in funds|funds|31/3/23|
||||||E|E|E|E|
|Unrestricted
funds|||||||||
|General fund|||||72,346|1,295|(639)|73,002|
|Designated
fund|- Music and Well Being||||||10,606|10,606|
|Designated
fund|—Bursary|||||3,205||3,205|
||||||72,346|4,500|9,967|86,813|
|Restricted funds|||||||||
|Arts Council - Cultural|||Recovery|Fund|22||(22)||
|The Bromley Trust -|||MBU's Little|Song|||||
|Stars|||||7,620|(7,689)|69||
|Children
in Need|||||7,112|(4,143)||2,969|
|Refugee and Asylum|||Seekers Project|||6,588||6,588|
|Musical Freedoms|||||32,076|(32,668)|592||
|Music Well Being|||||1,094|9,512|(10,606)||
|Musicians
Development||||||23,468||23,468|
|One Community||Foundation||||14,224||14,224|
|Sir George Martin||Trust||||2,500||2,500|
|Year of Music||||||(1,220)||(1,220)|
||||||47,924|10,572|(9,967)|48,529|
|TOTALFUNDS|||||120,270|15,072||135,342|
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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||E|E|E|
|Unrestricted
funds||||||
|General fund|||13,598|(12,303)|1,295|
|Designated
fund|- Bursary||13,625|(10,420)|3,205|
||||27,223|(22,723)|4,500|
|Restricted funds||||||
|The Bromley Trust -||MBU's Little Song||||
|Stars||||(7,689)|(7,689)|
|Children
in Need|||(1)|(4,142)|(4,143)|
|Refugee and Asylum||Seekers Project|10,501|(3,913)|6,588|
|Musical Freedoms|||67,345|(100,013)|(32,668)|
|Music Well Being|||21,554|(12,042)|9,512|
|Musicians
Development|||26,568|(3,100)|23,468|
|Qne Community|Foundation||27,483|(13,259)|14,224|
|Sir George Martin|Trust||2,500||2,500|
|Year of Music|||3,000|(4,220)|(1,220)|
||||158,950|(148,378)|10,572|
|TOTALFUNDS|||186,173|(171,101)|15,072|
|||||||Net||
|---|---|---|---|---|---|---|---|
|||||||movement|At|
||||||At 1/4/21|in funds|31/3/22|
||||||6|E|6|
|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||—MBLI'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|
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||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|
||||||resources|expended|in funds|
||||||E|6|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||—MBLI'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)|
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|||31/3/23|31/3/22|
|---|---|---|---|
|||6|E|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||1,653|595|
|Grants||92,861|39,712|
|Donated services and facilities||1,200|600|
|||95,714|40,907|
|Investment
Income||||
|Deposit account interest||2,136|59|
|Charitable
activities||||
|National
Foundation|for Youth Music|35,255|32,500|
|Partnership
fees - schools & local partners||52,709|51,724|
|Other||359||
|||88,323|84,224|
|Total incoming resources||186,173|125,190|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||55,701|66,982|
|Social security||(3,849)|(5,892)|
|Pensions||1,215|990|
|Insurance||1732|1,599|
|Light and heat||692|2,093|
|Telephone||1,094|1,280|
|Postage and carriage||76|50|
|Public relations
and|marketing|7,081|5,956|
|Sundries||176|308|
|Rent||5,841|5,825|
|Repairs and maintenance||1,095|45|
|Cleaning||169|57|
|Project Equipment||1,282|1,937|
|Subscriptions||1,774|2,000|
|Training/Training|Placements|2,474||
|Office supplies||104|491|
|Motor and travel expenses||401|340|
|Artist's fees||87,795|66,336|
|Depn offixtures, fittings 8equipment||3,529|2,646|
|Carried forward||168,382|153,043|
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|||31/3/23|31/3/22|
|---|---|---|---|
|||f|E|
|Charitable
activities||||
|Broughtforward||168,382|153,043|
|Bank charges||169|107|
|||168,551|153,150|
|Supportcosts||||
|Governance|costs|||
|Accountancy|and legal fees|2,550|2,581|
|Total resources|expended|171,101|155,731|
|Net income/(expenditure)||15,072|(30,541)|