2020-08-31-accounts

Contents ofthe Financial Statements
for the Year Ended 31stAugust 2020
		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	4
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	8	io	15

TRUSTEES		CJ BAllsop Chair (resigned 7.1.21) Mrs S I Humes	CJ BAllsop Chair (resigned 7.1.21) Mrs S I Humes	CJ BAllsop Chair (resigned 7.1.21) Mrs S I Humes
		PSheeran
		N P Sandy
		I Venables	(appointed	17.7.20)
		Ms K Dixon (appointed		19.2.21)
COMPANY SECRETARY		P Sheeran
REGISTERED	OFFICE	16-20Deansway
		Worcester
		WR1 2ES
REGISTERED	COMPANY NUMBER	02233308	(England and Wales)
REGISTERED	CHARITY NUMBER	701309
INDEPENDENT	EXAMINER	AJPeach	&Co Limited
		Chartered	Accountants
		104GrasshopperAvenue
		StPeters
		Worcester
		Worcestershire
		WR5 3TB
BANKERS		HSBC
		4-6 Broad Street
		Worcester
		WR1 2EJ

			for t	he Year Ende	d 31stAugust	2020
							2020	2019
					Unrestricted	Restricted	Total	Total
				Notes	fund	funds f	funds 5	fundsf
INCOME AND ENDOWMENTS			FROM
Donations	and legacies			3	22,960	349	23,309	34,672
Charitable	activities			5
Charitable	Activities				112,755		112,755	164,281
Investment	income			4	19			37
Total					135&734	349	136,083	198,990
EXPENDITURE ON
Raising funds								675
Charitable	activities
Charitable	Activities				140,366	1,931	142,297	198,053
Total					140,366	1,931	142„297	198,728
NET INCOME/(EXPENDITURE)					(4,632)	(1,582)	(6,214)	262
Transfers	between funds			18	~733)	733
Net movement in funds					(5,365)	(849)	(6,214)	262
RECONCILIATION OF FUNDS
Total funds	brought	forward			19,583	7,859	27,442	27,180
TOTAL FUNDS CARRIED FORWARD					14,218	7,010	21,228	27,442

INVESTMENT INCOME
			2020	2019
	Unrestricted	Restricted	Total	Total
	funds f	funds f	funds f	funds f
Deposit account interest	19		19	37
INCOME FROM CHARITABLE ACTIVITIES
			2020	2019
			Charitable	Total
			Activities f	activities f
Registration fees			525	575
Music lessons Exam fees Classes and groups			89,421 2,413 14,222	108,777 5,374 23,631
Room hire School concerts and talks			2,710 957	6,691 2,119
Workshops and courses			(5)	520
Music Library			2,314	2,758
Sundry income			198	436
CME/CPD				9,871
WCC library rent contribudon				3,529
			112,755	164,281
CHARITABLE ACTIVITIES COSTS
		Direct	Support
		Costs (see	costs (see
		note 7) f	note 8) 5	Totals f
Charitable Activities		76,719	85,578	142,297
DIRECT COSTS OF CHARITABLE ACTIVITIES
			2020f	2019 f
Music lessons			57,945	77,810
Exam fees			2,645	5,583
School concert and talks Bursaries and awards Classes and groups			1 213 379 9,239	1,438 1,239 17,566
Instrument repairs			950	1,500
Music Library			414	1,369
Sundry Expenses			1,908	5,584
Music library rent				5,000
Depreciation			2,026	2,127
Bad debts				413
Donations				103
			76,719	119,732

STAFF COSTS
						2020	2019
						6	8
Wages and salaries						40,802	41,178
Other pension costs						505	607
						41,307	41,785
The average monthly	number of	employees		during	the year was as follows:
						2020	2019
Administration						6	5
No employees received emoluments			in excess of		f60,000.
COMPARATIVES FOR THE STATEMENT				OF FINANCIAL ACTIVITIES
					Unrestricted	Restricted	Total
					fundf	funds f	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies					19,251	15,421	34,672
Charitable activities
Charitable Activities					164,281		164,281
Investment income					25	12	37
Total					183,557	15,433	198,990
EXPENDITURE ON
Raising funds					300	375	675

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES -continued
			Unrestricted	Restricted	Total
			fund 9	funds f	fundsf
	Chadtable activities
	Charitable Activities		184,274	13,779	198,053
	Total		184,574	14,154	198,728
	NET INCOME/(EXPENDITURE)		(1,017)	1,279	252
	RECONCILIATION	OF FUNDS
	Total funds brought forward		20,600	6,580	27,180
	TOTAL FUNDS CARRIED FORWARD		19,583	~7859	27,442
13,	TANGIBLE FIXEDASSETS
					Musical
					instruments,
					equipment f
	COST
	At 1st September 2019				62,991
	Additions				1,108
	At 31stAugust 2020				64,099
	DEPRECIATION
	At 1stSeptember 2019				43,854
	Charge for year				2,026
	At 31stAugust 2020				45,880
	NET BOOK VALUE
	At 31stAugust 2020				18,219
	At 31stAugust 2019				19,137
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2020 8	2019 f
	Trade debtors Other debtors			3,879 193	1,314 910
	Prepayments and accrued income			4,621	1,571
				8,693	3,795

Minimum lease pay	ments under non-canc	e8able operating lease	s fall due as follo	ws:
				2020 f	2019 E
Within one year				1,351	2,703
Between one and five years					1,351
				1,351	4,054
MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.9.19 f	in funds 6	funds 8	31.8.20 f
Unrestricted funds
General fund		19,583	(4,632)	(733)	14,218
Restricted funds
Special Educational	Needs fund	921	(1,654)	733
Scholarship fund		313			313
P Harding Memodial	fund	800			800
Instrument fund		1,148	(28)		1,120
Carpet fund		3,500			3,500
Music Making fund		1,177			1,177
Dementia concert fund			100		100
		7,859	1,582	733	7,010
TOTAL FUNDS		27,442	J6,214)		21,228

Net movement in fu	nds, in	clude	d in the above	are as follows:
				Incoming	Resources	Movement
				resources 8	expended f	in funds f
Unrestricted funds
General fund				135,734	(140,366)		(4,632)
Restricted funds
Special Educational	Needs	fund		249	(1,903)		(1,654)
Instrument fund					(28)		(28)
Dementia concert fund				100			100
				349	~1931
TOTAL FUNDS				136,083	~142,297)	~6,214)
Comparatives for movement			in funds
					Nel
					movement		At
				Al 1.9.18	in funds	31.8.19
				5	8
Unrestricted funds
General fund				20,800	(1.017)	19,583
Restricted funds
Special Educational	Needs	fund		5,279	(4,358)		921
Scholarship fund				301	12		313
P Harding Memorial	fund			1,000	(200)		800
Instrument fund					1,148		1,148
Carpet fund					3,500		3,500
Music Making fund					1,177		1,177
				6,580	1,279		7,859
TOTALFUNDS				27,180	252	27,442
Comparative net movement		in funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in	funds
					8
Unrestricted funds
General fund				183,557	(184,574)	(1,017)
Restricted funds
Special Educational Scholarship fund	Needs	fund		3,044 12	(7,402)	(4,358) 12
P Harding Memorial	fund				(200)		(200)
Instrument fund				2,000	(852)		1,148
Carpet fund Music Making fund				9,000 1,377	(5,500) ~200)		3,500 1,177
				15,433	@14,154)		1,279
TOTAL FUNDS				198,990	(198,728)		262