Music for You SCIO
Scottish Charity No - SC049438
Annual Report and Financial siaiements
For Ihe year ended 31 st July 2022
MFY SCIOOSCR-Accounllng OrdS YE 310722
Pagè 1
## **Music for You SCIO Annual Report and Financial Statements For the year ended 31st July 2022**
## **CONTENTS**
||**Page**|
|---|---|
|Reference and adminstration information|3|
|Trustees' report|4|
|Independent examiner's report|5|
|Statement of receipts and payments|6|
|Statement of balances|7|
|Notes to the financial statements|8|
MFY SCIO OSCR - Accounting Records YE 31 07 22
Page 2
## **Music for You SCIO Annual Report and Financial Statements For the year ended 31st July 2022**
## **Reference and Administration Information**
Charity Number
Address
Trustees
Members
Administrator
SC049438
Chair Secretary Resigned 1st August 21 Treasurer - appointed 1st August 21
MFY SCIO OSCR - Accounting Records YE 31 07 22
Page 3
## **Music for You SCIO Annual Report and Financial Statements For the year ended 31st July 2022**
## **Trustees' Report**
## **Structure, Governance and Management**
## **Constitution**
The charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 9 July 2019. The charity was previously an unincorporated association but changed its legal form to a SCIO. It has a double-tier structure with members and appointed trustees.
## **Appointment of trustees**
The individuals who signed the charity trustee declaration forms which accompanied the application for incorporation of the organisation were deemed to have been appointed by the members as charity trustees with effect from the date of incorporation of the organisation.
Trustees are elected at the annual general meeting; existing trustees retire from office and are then eligible for re-election at the annual general meeting. There must be a minimum of three and a maximum of ten trustees.
## **Objectives and Activities**
## **Charitable Purposes**
The organisation’s purposes are:-
1. To provide for the relief of those in need by reason of age or disability by using music to bring people together, reducing the effects of isolation and building and renewing community.
2. To promote the advancement of the arts by increasing public exposure, appreciation and involvement in music, and reaching out to new audiences.
## **Activities**
The main activity of the charity is playing musical concerts in the homes of people who are lonely and isolated, by virtue of age and/or disability ('house concerts'). In addition, public concerts are performed for a wider audience, which has the combined effect of building community as well as raising funds for future house concerts.
## **Achievements and Performance**
Following the lifting of Covid 19 restrictions Music For You were thrilled to resume giving house concerts; the first taking place on 29th October 21. Since then Music For You have given a further seven concerts in various homes and venues in Edinburgh.
## **Financial Review**
Current funds would support a small number of future house concerts. We are reviewing marketing and publicity material to raise awareness of the benefits of using music to bring people together, reduce isolation, and also to promote appreciation of music.
Name: Chair, Music for You Date: 28 April 2023
MFY SCIO OSCR - Accounting Records YE 31 07 22
Page 4
## **Music for You SCIO Annual Report and Financial Statements For the year ended 31st July 2022**
## **Independent Examiner's Report to the Trustees and Members of Music for You**
I report on the accounts of the charity for the year ended 31st July 2022 which are set out on pages 6 to 8.
## **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) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 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 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the 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 view given by the accounts.
## **Independent examiner's statement**
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements:
- (a) to keep accounting records in accordance with section 44 (1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
- (b) to prepare accounts which accord with the accounting records and comply with regulation 9 of the 2006 Accounts Regulations
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name:
Relevant professional qualification/professional body:
## _ICAS_
Address:
Date:
28 April 2023
MFY SCIO OSCR - Accounting Records YE 31 07 22
Page 5
## **Music for You SCIO Annual Report and Financial Statements For the year ended 31st July 2022**
## **Statement of Receipts and Payments for the year ended 31st July 2022**
|**Notes**
**Receipts**
Donations
3
Grants
4
Fundraising
Gift Aid
**Total receipts**
**Payments**
Musicians
Printing
Domain name
Travel and parking
Insurance
Sundry
**Total payments**
**Deficit for the year**|**Unrestricted**
**Funds**
**£**
40
0
1,064
0
**1,104**
1,600
9
0
0
0
0
**1,609**
**(505)**|**Restricted**
**Funds**
**£**
0
0
0
0
**0**
0
0
0
0
100
0
**100**
**(100)**|**Year ended**
**31 July 2022**
**£**
40
0
1,064
0
**1,104**
1,600
9
0
0
100
0
**1,709**
**(605)**|**Year ended**
**31 July 2021**
**£**
0
0
0
126|
|---|---|---|---|---|
|||||**126**|
|||||200
0
0
0
0
30|
|||||**230**|
|||||**(104)**|
MFY SCIO OSCR - Accounting Records YE 31 07 22
Page 6
## **Music for You SCIO Annual Report and Financial Statements For the year ended 31st July 2022**
## **Statement of Balances - As at 31st July 2022**
|Opening cash at bank and in hand
Deficit for the year
**Closing cash at bank and in hand**
**Bank and cash balances**
Current account
**Liabilities (unrestricted funds)**|**Unrestricted**
**Funds**
**£**
919
(505)
**414**
**414**|**Restricted**
**Funds**
**£**
1,000
(100)
**900**
**900**|**As at**
**31 July 2022**
**£**
1,919
(605)
**1,314**
**1,314**
**0**|**As at**
**31 July 2021**
**£**
2,023
(104)|
|---|---|---|---|---|
|||||**1,919**|
|||||**1,919**|
|||||**0**|
MFY SCIO OSCR - Accounting Records YE 31 07 22
Page 7
## **Music for You SCIO Annual Report and Financial Statements For the year ended 31st July 2022**
## **Notes to the financial statements**
## **1 Basis of accounting**
These financial statements have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
## **2 Nature and purpose of funds**
Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes.
|
are raised for specific purposes.|||||
|---|---|---|---|---|
|**3 Donations**
From donors and fundraising
**4 Grants**|**Unrestricted**
**Funds**
**£**
1,104
0
0|**Restricted**
**Funds**
**£**
0
0
0|**Year ended**
**31 July 2022**
**£**
1,104
0
0|**Year ended**
**31 July 2021**
**£**
126|
|||||0|
|||||0|
MFY SCIO OSCR - Accounting Records YE 31 07 22
Page 8
||A|B|C|D|E|F|G|H|I|J|K|L|M|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1|**Music for You**
**Charity number SC049438**
**A Scottish Charitable Incorporated Organisation (SCIO)**
**Date of incorporation 7th July 2019**
**Transactions**
**01/08/2020 to 31/07/2021**
**Balances**
**b/fwd**
08/09/2020
09/09/2020
12/02/2021
19/02/2021
15/04/2021
**Total**
Journal entry
to remove
creditors
Net
balances
on cash
basis
**Account**
Cheque
Cheque
Repayment
Gift Aid
Cheque
DR
CR
400008
400009
400011
**Revenue**
Fundraising concerts
0.00
0 00
0 00
Donations
0.00
0 00
0 00
Grants - restricted
0.00
0 00
0 00
Grants - unrestricted
0.00
0 00
0 00
Gift Aid
0.00
125.34
125 34
125 34
**Expenses**
0.00
0 00
0 00
Domain name
0.00
0 00
0 00
Flowers
0.00
30 00
30 00
30 00
Performers
0.00
100.00
100 00
200 00
200 00
Printing
0.00
75.52
(75.52)
0 00
0 00
Sheet music
0.00
0 00
0 00
Travel and parking
0.00
0 00
0 00
0.00
0 00
0 00
**Assets**
Debtors
0.00
0 00
0 00
Bank Current Account
2,023.94
(175 52)
(100.00)
75.52
125.34
(30.00)
1,919 28
1 919 28|||||||||||||
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