|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|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|||
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|||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|
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||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|
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|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||
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||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|
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