|Contents ofthe Financial Statements||||
|---|---|---|---|
|for the Year Ended 31stAugust 2023||||
|||Page||
|Refemnce and Administrative
Detags||||
|Report ofthe Trustees|2|to|3|
|independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|14|
|Detailed Statement ofFinancial Activities|15|to|16|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||Notes|6||6|5|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations|and legacies||||12,063|50|12,113|16,200|
|Charitable|activities||||||||
|Chsritabhr|Activities||||129,784||129,784|126,230|
|Investment|income||||665|||18|
|Other income||||||||50|
|Total|||||142,502|50|142,652|142,498|
|EXPENDITURE ON|||||||||
|Raising funds|||||216||216|205|
|Charitable|activities||||||||
|Charitable|ActiviYies||||150,065|~1074|161,139|146,708|
|Total|||||~150281|1,074|~151355|146,913|
|NET INCOMEI(EXPENDITURE)|||||(7,779)|(1,024)|(8,803)|(4,415)|
|RECONCILIATION||OF FUNDS|||||||
|Total funds|brought|forward|||79,764|2,819|82,573|86,968|
|TOTAL FUNDS CARRIED FORWARD|||||71,975|~1795|73,770|82,573|
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|4.|DONATIONS
AND LEGA|DONATIONS
AND LEGA|DONATIONS
AND LEGA|CIES- contin|ued|||
|---|---|---|---|---|---|---|---|
||Grants received, included|||in the above,|are as follows:|||
|||||||2023f|2022f|
||HMRC - Coronavirus||Job|Retention Scheme|||386|
||Limoges Charitable|Trust||||5,000|5,000|
||The Roger 8 Douglas Tumor Charitable
Worcester City Council||||Trust|3,000|4,000|
|||||||8,000||
|5.|INVESTMENT INCOME|||||||
|||||||2023
f|2022
f|
||Bank interest|||||655|18|
|6.|INCOINE FROM CHARITABLE ACTIVITIES|||||||
|||||||2023|2022|
|||||||Charitable|Total|
|||||||Activities
f|activities
f|
||Registration fees|||||726|620|
||Music lessons
Exam fees
Classes and groups|||||06,010
6,753
15,740|01,725
3,700
18,747|
||Room hire
School concerts and|talks||||6,675
1,016|7,310
855|
||Music Library
Sundry
income|||||3.086
861|2,042
24'I|
|||||||120,784|~125230|
|7.|OTHER INCOME|||||||
|||||||2023|2022f|
||Bank compensation||||||50|
|8.|RAISING FUNDS|||||||
||RAISING DONATIONS||AND LEGACIES|||||
|||||||2023f|2022|
||Fundraising
commission|||||216|205|
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|for the Year Ende|for the Year Ende|d 31s|tAugust|2023|||
|---|---|---|---|---|---|---|
|CHARITABLE ACTIVITIES COSTS|||||||
|||||Direct|Support||
|||||Costs (see|costs (see||
|||||note 10)|note 11)|Totals|
|||||6|5|E|
|Charitable
Activities||||~85$$6|65,803|15«S9|
|DIRECT COSTSOF CHARITABLE ACTIVITIES|||||||
||||||2023
6|2022f|
|Music lessons|||||61,539|63,050|
|Exam fees|||||6,21$|3,144|
|School concert and talks|||||328|210|
|Classes and groups|||||11,716|12,121|
|Instrument
repairs|||||2,015|1,885|
|Music Library|||||621|58|
|Sundry Expenses|||||594|340|
|Depreciation|||||1,912|2,125|
|Bad debts||||||238|
|Room hire|||||S99|855|
||||||85,$36|83,506|
|SUPPORT COSTS|||||||
||||||Governance||
||Management|||Finance|costs|Totals|
|||6|||2||
|Charitable
Activities||63,432||~118$|~1188|66,803|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)|is stated after charging/(crediting):||||||
||||||2023|2022|
||||||5|8|
|Depreciation - owned assets|||||1,912|2,125|
|Hire ofplant and machinery|||||5,250|3,750|
|Other operating
leases|||||100|100|
|Independent
Examiner fee in respect of Independent||Examination|||1,140|1,905|
|Independent
Examiner fee in respect ofother accountancy|||services||48|35|
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|STAFF COSTS|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||5||
|Wages and sslaries|||||45,470|40,772|
|Other pension costs|||||758|508|
||||||~45 228|41,280|
|The average
monthly|number|ofemployees||during the year was as follows:|||
||||||2023|2022|
|Administration|||||5|5|
|No employees
received emoluments|||in excess of560,000.||||
|COMPARATIVES FOR THE STATEMENT||||OF FINANCIAL ACTIVITIES|||
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
||||||9|6|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations
and legacies||||16,200||16,200|
|Charitable
activities|||||||
|Charitable
Activities||||126,230||126,230|
|Investment
income||||18||18|
|Other income||||50||50|
|Total||||142,498||142498|
|EXPENDITURE ON|||||||
|Raising funds||||205||205|
|Charitable
activities|||||||
|Charitable
Activities||||144,340|2,368|146,708|
|Total||||~144545|2 368|146,913|
|NET INCOME/(EXPENDITURE)
Transfers
between funds||||(2,047)
3,538|(2,368)
~3538|(4,415)|
|Net movement
in funds||||1,491|(5,906)|(4,415)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward||||78,263|8,725|86,988|
|TOTAL FUNDS CARRIED FORWARD||||79,754|2819|82,573|
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|TANGIBLE FIXEDASSE|TS|||
|---|---|---|---|
||||Musical|
||||instruments,|
||||equipment|
||||6|
|COST||||
|At 1st September 2022 and||||
|31stAugust 2023|||~69096|
|DEPRECIATION||||
|At 1stSeptember 2022|||49,978|
|Charge foryear|||1,912|
|At 31stAugust 2023|||~51 890|
|NET BOOK VALUE||||
|At 31stAugust 2023|||~17 206|
|At 31stAugust 2022|||19118|
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||202$ 6|2022
f|
|Trade debtors||1,352|5,729|
|Social security||2,585||
|Prepeyments
and accrued|income|~3708|2,438|
||||8,167|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||2023|2022|
|||6|6|
|Trade creditors||437|400|
|Pensions||108||
|Other creditors||1,238|1,559|
|Deferred income||256|488|
|Accrued expenses||2,219|1416|
|||~4258|3,863|
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|MOVEMENT
IN FU|N|DS|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|At|
|||||||At 1.9.22
5|in funds
2|31.8.23
f|
|Unmstdctsd
funds|||||||||
|General
fund||||||79,754|(7,779)|71,976|
|Restricted funds|||||||||
|Scholarship
fund||||||313|50|363|
|P Harding
Memorial|fund|||||800||800|
|Instrument
fund||||||607||607|
|Dementia concert fund||||||100|(75)|25|
|Equipment
and miscellaneous
repair fund
Worcester Community
Foundation
cleaning||||||85|(85)||
|and covid fund||||||914|~914)||
|||||||2,819|~1,024|1,795|
|TOTAL FUNDS||||||82,573|~8,803)|~73770|
|Net movement
in funds, induded||||in the above are as follows:|||||
|||||||Incoming|Resources|Movement|
|||||||rssour'ces|expended|in funds|
|||||||5|8||
|Unrestricted
funds|||||||||
|General
fund||||||142,502|(150,281)|(7,779)|
|Restricted funds|||||||||
|Scholarship
fund||||||||50|
|Dementia concert fund
Equiprnsnt
and miscellaneous
repair fund
Worcester Community
Foundation
cleaning
and covid fund|||||||(75)
(86)
~914)|(75)
(85)
~914)|
||||||||~1,074)|~1,024)|
|TOTAL FUNDS||||||142,552|~151366)|~8,803)|
|Comparatlves
formovement|||in|funds|||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.9.21|in funds|funds|31.8.22|
||||||5||||
|Unrestricted
funds|||||||||
|General
fund|||||78,263|(2,047)|3,538|79,754|
|Restricted funds|||||||||
|Scholarship
fund|||||313|||313|
|P Harding
Memorial|fund||||800|||800|
|Instrument
fund|||||1,095||(488)|607|
|Refurbishment
fund
Dementia
concert fund|||||3,050
100||(3,050)|100|
|Equipment
and rnisceganeous|||repair fund||85|||85|
|Worcester Community||Foundation||deaning|||||
|and covid fund|||||~3282|~2358)||914|
||||||~8725|~2,358|~3538|~2819|
|TOTAL FUNDS|||||86,988|~4415)||~82 573|
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|MOVEMENT
IN FUNDS - c|MOVEMENT
IN FUNDS - c|ontinued|ontinued|||||
|---|---|---|---|---|---|---|---|
|Comparative
net movement||in funds,||included|in the above sre as follows:|||
||||||Incoming|Resources|Movement|
||||||resources
6|expended
f|in funds|
|Unrestricted
funds||||||||
|General
fund|||||142,498|(144,545)|(2,047)|
|Restricted funds||||||||
|Worcester Community|Foundation||cleaning|||||
|and covid fund||||||(2,368)|(2,368)|
|TOTAL FUNDS|||||142,498|~146913)|~4415)|
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