|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| ## ## ## ## ## ## ## ## ## ## ##