Charity Number
SC047500
Om Music Sanctuary
Trustees' Report and Financial Statements
For the Period Year 30 June 2021
Om Music Sanctuary
Report and Accounts for the Year Ended 30 June 2021
Contents
| Page | |
|---|---|
| Reference and Administration Details | 3 |
| Trustees' Annual Report | 4 - 5 |
| Independent Examiner's Report | 6 |
| Receipts and Payments Account | 7 |
| Statement of Balances | 8 |
| Notes to the Accounts | 9 - 10 |
Page 2 of 10
Om Music Sanctuary Report and Accounts for the Year Ended 30 June 2021
Reference and Administration Details
| Charity Name | Om Music Sanctuary | |
|---|---|---|
| Charity Number | SC047500 | |
| Principal Address | 369 Leith Walk | |
| Edinburgh | ||
| EH6 8SE | ||
| Trustees | Chair | |
| Secretary | ||
| Bankers | Bank of Scotland | |
| PO Box 1000 | ||
| BX2 1LB | ||
| Independent Examiner | Brett Nicholls Associates | |
| Herbert House | ||
| 24 Herbert Street | ||
| Glasgow | ||
| G20 6NB |
Page 3 of 10
Report and Accounts for the Year Ended 30 June 2021
Om Music Sanctuary
Trustees' Annual Report
The trustees present their report and annual accounts for the year ended 30 June 2021
Structure, Governance and Management
Governing Document
Om Music Sanctuary received charitable status from OSCR in July 2017, the charity is a SCIO and is governed by its constitution.
Trustee Recruitment and appointment
The original Trustees came together as a result of their various relationships with and a shared desire to support his vision for Om, through volunteering as Board members.
Key Management remuneration
The charity is managed on a day-to-day basis by the trustees who are volunteers, no salary or remuneration was paid to the trustees for the management of the charity.
Objectives and Activities
Charitable purposes
The purpose of the charity is to relieve the isolation of people living with mental health problems through the advancement of the arts and providing those individuals with the opportunity to learn to play instruments, record and perform music.
Achievements and Performance
2020/21
Om had big plans for this year – including a planned induction for our first four studio-volunteers. Like so many organisations, including the Stafford Centre where we are based, Om closed its doors at the end of March 2020, yet to open them.
Om's great success created demands on that were not good for him - these responsibilities were more than any volunteer should have on their shoulders. Bringing active volunteers into the studio was one of the ways we planned to address this…but in the first lockdown, decided that he could no longer play the role in Om that he had been. It has become so well attended that it really needs a paid member of staff to co-ordinate activities and volunteers. On this basis, the Board decided that the best decision it could take to sustain Om’s future was to transfer its property and financial resources to Support in Mind Scotland which operates that Stafford Centre.
Page 4 of 10
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Om Music Sanctuary
Report and Accounts for the Year Ended 30 June 2021
Independent Examiner's Report
| Report to the trustees/members of | Om Music Sanctuary |
|---|---|
| Registered charity number | SC047500 |
| Accounts of the charity for the period | 1 July 2020 to 30 June 2021 |
| Set out on pages | 7-10 |
Respective responsibilities of trustees and examiner:
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner's statement:
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.
Independent Examiner's statement:
In the course of my examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that in any material respect the requirements to:
-
keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
-
prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…. ... Date:
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FCCA
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Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates
Herbert House, 24 Herbert Street, Glasgow, G20 6NB
Page 6 of 10
Report and Accounts for the Year Ended 30 June 2021
Om Music Sanctuary
Receipts and Payments Account
| Receipts Notes Donations 2 Grants 3 Other 4 Payments Charitable Activities Costs 5 Total Payments Net Receipts/-Payments Transfers Between Funds Net Surplus/-Deficit for the Year Funds Brought Forward Funds Carried Forward 7 |
Unrestricted Restricted Total Funds Funds Funds £ £ £ - - - 6,750 - 6,750 - - - 6,750 - 6,750 8,979 2,029 11,008 8,979 2,029 11,008 8,979 2,029 11,008 (2,229) (2,029) (4,258) - (2,229) (2,029) (4,258) 2,229 2,029 4,258 £0 £0 £0 |
2020 Total £ 320 7,863 414 |
|---|---|---|
| 8,597 | ||
| 8,429 | ||
| 8,429 | ||
| 8,429 | ||
| 169 | ||
| - 169 4,089 4,258 |
The notes on pages 9 to 10 form an integral part of these accounts.
Page 7 of 10
Om MUsxSarV RepytaThJAtaxvtsfortheYear Ended30kne2021 siatementofBak Fund5 Fund5 Funds Totol OFenY8 Cash and 8ank 8akrKes SUtplus/-DefitJOrr l>r (losi(aSh aTKi Bank Balartts U29 122291 2A>29 IU>291 142581 169 4258 Srd on behalfofthetsitstees.. Date.. Page8 of 10
Om Music Sanctuary Report and Accounts for the Year Ended 30 June 2021
Notes to the Accounts
1. Basis of Preparation
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
| 2. Donations Individual Donations 3. Grants City of Edinburgh Council 4. Other Income CD Sales Sundry Income Loan - Martin McAlpine |
Unrestricted Restricted Total Funds Funds Funds £ £ £ - - - Unrestricted Restricted Total Funds Funds Funds £ £ £ 6,750 - 6,750 Unrestricted Restricted Total Funds Funds Funds £ £ £ - - - - - - - - - - - - |
2020 Total £ 320 |
|---|---|---|
| 2020 Total £ 7,863 |
||
| 2020 Total £ 30 70 314 |
||
| 414 |
Page 9 of 10
Report and Accounts for the Year Ended 30 June 2021
Om Music Sanctuary
Notes to the Accounts
| 5. Charitable Activities Costs Accountancy Fees Bookkeeping Donation to Support in Mind Equipment Insurance Printing and Stationary Refreshments Rent Sessional Staff Sundry Costs Travel Trustee loan repaid |
Unrestricted Restricted Total Funds Funds Funds £ £ £ 1,320 - 1,320 420 - 420 6,838 2,029 8,867 - - - - - - - - - 58 - 58 - - - - - - 29 - 29 - - - 314 - 314 8,979 2,029 11,008 |
2020 Total £ - - - 6,160 99 216 176 688 640 229 221 - |
|---|---|---|
| 8,429 |
6. Related Party Transactions
The trustees received no remuneration or expenses during the year (2020: Nil).
Martin McAlpine the secretary loaned the charity £314 during the 2020 year, this was repaid in full in 2021.
| 7. Funds Analysis Unrestricted General Restricted City of Edinburgh Council Grand Total |
Opening Closing Balance Balance 1 July 20 Receipts Payments Transfers 30 June 21 2,229 6,750 8,979 - - |
|---|---|
| 2,029 - 2,029 - |
|
| 4,258 6,750 11,008 - - |
Purposes of Funds
General Fund City of Edinburgh Council
- the General fund is for day-to-day running of the charity - 3 year award towards sessional costs, equipment and running costs
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