| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
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| Report ofthe Trustees | 2 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 7 | to | 15 |
| TRUSTEES | CJ8Allsop Chair (resigned 7.1.21) | CJ8Allsop Chair (resigned 7.1.21) | CJ8Allsop Chair (resigned 7.1.21) | |
|---|---|---|---|---|
| Mrs S I Humes | ||||
| P Sheeran | (Chair) | |||
| N P Sandy | ||||
| I Venables | ||||
| Ms K Dixon Director (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 | AJ Peach | 6Co Limited | |
| Chartered | Accountants | |||
| 104GrasshopperAvenue | ||||
| St Peters | ||||
| Worcester | ||||
| Worcestershire | ||||
| WR5 3TB | ||||
| BANKERS | HSBC | |||
| 4-6 Broad Street | ||||
| Worcester | ||||
| WR1 2EJ |
| for | the Year En | ded 31stAugust | 2021 | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | 6 | 2 | 6 | 5 | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
4 | 89,107 | 5,400 | 94,507 | 23,310 | ||
| Charitable activities |
6 | ||||||
| Charitable Activities |
95,221 | 95,221 | 112,755 | ||||
| Investment income |
|||||||
| Total | 184,331 | 5,400 | 189,731 | 135,084 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 216 | 216 | |||||
| Charitable activities |
|||||||
| Charitable Activities |
122,335 | 1,420 | 123,755 | 142,298 | |||
| Total | 122,551 | 1,420 | 123,971 | 142,298 | |||
| NET INCOIIIIEI(EXPENDITURE) | 61,780 | 3,980 | 65,760 | (6,214) | |||
| Transfers between |
funds | 19 | ~450) | 450 | |||
| Net movement in funds |
61,330 | 4,430 | 65,760 | (6,214) | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought | forward | 14,218 | 7,010 | 21,228 | 27,442 | ||
| TOTAL FUNDS CARRIED FORWARD | ~75548 | 11,440 | 86,988 | 21,228 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Notes | fund | funds 6 |
funds Z |
funds f |
|
| FIXEDASSETS | |||||
| Tangible assets | 14 | 17,524 | 222 | 17,746 | 18,219 |
| CURRENT ASSETS | |||||
| Debtors | 15 | 26,072 | 26,072 | 8,693 | |
| Cash at bank and in hand | 39,062 | 11,218 | 50,280 | 2,910 | |
| 65,134 | 11,218 | 76,352 | 11,603 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (7,110) | (7,110) | (8,594) | |
| NET CURRENT ASSETS | 58,024 | 11,218 | 69,242 | 3,009 | |
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 75,548 | 11,440 | 86,988 | 21,228 |
| NET ASSETS | 75,548 | 11,440 | 86,988 | 21,228 | |
| FUNDS | |||||
| Unrestricted funds |
75,548 | 14,218 | |||
| Restricted funds | 11,440 | 7,010 | |||
| TOTAL FUNDS | 86,988 | 21,228 |
| Grants received, inc |
lu | ded in the above, are as f |
ollows: | ||||
|---|---|---|---|---|---|---|---|
| 2021f | 2020f | ||||||
| HMRC - Coronavirus | Job Retention Scheme | 14,874 | 9,021 | ||||
| Limoges Charitable | Trust | 5,000 | 5,000 | ||||
| Worcester City Council | 53,143 | ||||||
| Worcester Community | Foundation | ~10000 | |||||
| 83,017 | 14,021 | ||||||
| 5. | INVESTMENT INCOME | ||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 8 | 6 | 6 | |||||
| Deposit account interest | 3 | 3 | 19 | ||||
| 6. | INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 2021 | 2020 | ||||||
| Charitable | Total | ||||||
| Activities | activities | ||||||
| 6 | 6 | ||||||
| Registration fees |
320 | 525 | |||||
| Music lessons | 84,333 | 89,421 | |||||
| Exam fees | 3,604 | 2,413 | |||||
| Accompanist charges |
238 | ||||||
| Classes and groups | 1,873 | 14,222 | |||||
| Room hire | 4,191 | 2,710 | |||||
| School concerts and | talks | 957 | |||||
| Workshops and courses |
(5) | ||||||
| Music Library | 502 | 2,314 | |||||
| Sundry income | 160 | 198 | |||||
| 95,221 | 112,755 | ||||||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||||
| Direct | Support | ||||||
| Costs (see | costs (see | ||||||
| note 8) | note 9) | Totals | |||||
| 6 | 6 | 6 | |||||
| Chadtable Activities |
63,771 | 59,984 | 123,755 |
| DIRECT COSTS OF CH | ARITABLE AC | TIVITIES | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 6 | 2 | ||||||
| Music lessons | 50,709 | 57,945 | |||||
| Exam fees | 4,111 | 2,645 | |||||
| School concert and talks | 1,213 | ||||||
| Bursaries and awards | 379 | ||||||
| Classes and groups Instrument repairs Music Library |
5,615 995 348 |
9,239 950 414 |
|||||
| Sundry Expenses Depreciation |
20 1,973 |
1,908 2,026 |
|||||
| 63,771 | 76,719 | ||||||
| SUPPORT COSTS | |||||||
| Governance | |||||||
| Management | Finance | costs | Totals | ||||
| F | 2 | 5 | |||||
| Charitable Activities |
57,253 | 815 | 1,916 | 59,984 | |||
| NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is stated after | charging/(crediting): | |||||
| 2021 | 2020 | ||||||
| 6 | 6 | ||||||
| Depreciation - owned assets | 1,973 | 2,026 | |||||
| Hire ofplant and machinery Other operating leases Independent Examiner fee in respect of |
Independent | Examination | 5,000 3,706 1,844 |
5,000 3,653 1,620 |
|||
| Independent Examiner fee in respect of |
other accountancy | services | 72 |
| Notes to the Financial Statements -continued for the Year Ended 31stAugust 2021 |
Notes to the Financial Statements -continued for the Year Ended 31stAugust 2021 |
Notes to the Financial Statements -continued for the Year Ended 31stAugust 2021 |
|||
|---|---|---|---|---|---|
| 13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | |||
| fund 6 |
funds | fundsf | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
22,961 | 349 | 23,310 | ||
| Charitable activities |
|||||
| Charitable Activities |
112,755 | 112,755 | |||
| Investment income |
19 | 19 | |||
| Total | 135,735 | 136,084 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Charitable Activities |
140,367 | 1,931 | 142,298 | ||
| NET INCOME/(EXPENDITURE) | (4,632) | (1,582) | (6,214) | ||
| Transfers between funds |
733 | 733 | |||
| Net movement in funds |
(5,365) | (849) | (6,214) | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 19,583 | 7,859 | 27,442 | ||
| TOTAL FUNDS CARRIED FORWARD | 14,218 | 7,010 | 21,228 | ||
| 14. | TANGIBLE FIXEDASSETS | ||||
| Musical | |||||
| instruments, | |||||
| equipment | |||||
| F | |||||
| COST | |||||
| At 1stSeptember 2020 Additions |
64,099 ~1500 |
||||
| At 31st August 2021 | 65,599 | ||||
| DEPRECIATION | |||||
| At 1stSeptember 2020 | 45,880 | ||||
| Charge for year | 1,973 | ||||
| At 31stAugust 2021 | 47,853 | ||||
| NET BOOK VALUE | |||||
| At 31stAugust 2021 | 17,746 | ||||
| At 31stAugust 2020 | 18,219 |
| for the Year E | for the Year E | nded 31stAugust 2021 | nded 31stAugust 2021 | ||||
|---|---|---|---|---|---|---|---|
| 15. | DEBTORS: AMOUNTS | FALLING DUE WITHIN | ONE YEAR | ||||
| 2021 | 2020 | ||||||
| 6 | |||||||
| Trade debtors | 8,490 | 3,879 | |||||
| Other debtors | 10 | 193 | |||||
| Prepayments and accrued |
income | 17,572 | 4,621 | ||||
| 26,072 | 8,693 | ||||||
| 16. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2021 6 |
2020 f |
||||||
| Bank loans and overdrafts Trade creditors |
(see note I7) | 1,649 | 4,047 3,040 |
||||
| Social security and other Pensions |
taxes | 197 | 112 | ||||
| Other creditors | 1,774 | 1,300 | |||||
| Accrued expenses | 3,490 | 95 | |||||
| 7,110 | 8,594 | ||||||
| 17. | LOANS | ||||||
| An analysis ofthe maturity | ofloans is given below: | ||||||
| 2021 | 2020 | ||||||
| E | F | ||||||
| Amounts falling due within Bank overdraRs |
one year on demand: | 4,047 | |||||
| 18. | LEASING AGREEMENTS | ||||||
| Minimum lease payments |
under non-cancellable | operating | leases fall due as follows: | ||||
| 2021 f |
2020 F |
||||||
| Within one year | 1,351 |
| MOVEMENT IN FU |
ND | S | |||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.9.20 6 |
in funds f |
funds 6 |
31.8.21 6 |
||||
| Unrestricted funds General fund |
14,218 | 61,780 | (450) | 75,548 | |||
| Restricted funds | |||||||
| Special Educational Needs fund Scholarship fund P Harding Memorial fund Instrument fund Carpet fund Music Making fund Dementia concert fund Equipment and miscellaneous repair fund 313 800 1,120 3,500 1,177 100 |
(450) (25) 85 |
450 | 313 800 1,095 3,500 1,177 100 85 |
||||
| Worcester Community and covid fund |
Foundation | cleaning | 4,370 | 4,370 | |||
| 7,010 | 3,980 | 450 | 11,440 | ||||
| TOTAL FUNDS | 21,228 | ~65 760 | 86,988 | ||||
| Net movement in funds, |
included | in the above are as follows: | |||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| 6 | 6 | ||||||
| Unrestricted funds |
|||||||
| Genera! fund | 184,331 | (122,551) | 61,780 | ||||
| Restricted funds | |||||||
| Special Educational Needs fund Instrument fund Equipment and miscellaneous repair fund |
400 | (450) (25) (315) |
(450) (25) 85 |
||||
| Worcester Community and covid fund |
Foundation | cleaning | 5,000 | ~630) | 4,370 | ||
| 5,400 | 1,420 | 3,980 | |||||
| TOTAL FUNDS | 189,731 | (123,971) | 65,760 |