Jackdaws Educational Trust - Charities report - 22.2

REGISTERED COMPANY NUMBER: 02920267 (England and Wales)

REGISTERED CHARITY NUMBER: 1037073

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Jackdaws Educational Trust

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

to

9

Notes to the Financial Statements

10

to

17

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)

OBJECTIVES AND ACTIVITIES

Objectives and Activities

Core Values - Access, Inclusion and Inspiration. Mission Statement - To enable creative expression - by Bringing Music to Life.

The Objectives of the charity are to promote classic/serious music education. It does this through - running courses for amateur musicians, an intensive children and young people's programme of events, a young artist programme and by putting on concerts for audiences of all ages.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Jackdaws is dedicated to improving and extending participation in and enjoyment of, music and the arts through active, innovative projects, believing that this can positively change people's lives.

WEEKEND MUSIC COURSES

Jackdaws offers a year-round programme of weekend courses for amateur adults, music students and young professionals. The weekends feature courses in piano, voice, strings and wind, together with some ensemble courses, with tutors drawn from the UK's music colleges.

During the early part of 2021/22 Jackdaws activities continued to feel the impact of the covid pandemic and the programme of courses began again on the last weekend of May, in line with the government road map, operating with reduced capacity and strict Covid rules. With the launch of the new season in September a full programme with full capacity was reinstated. The popularity and the high attendance of the courses throughout the rest of the year illustrated the pent-up desire to come together to make music in person again. We are grateful for the support we received during the year from the Arts Council Recovery and Continuity programmes which gave us the ability to plan and implement courses as planned.

EDUCATION AND OUTREACH PROGRAMME

In addition to the weekend courses Jackdaws ran a wide-ranging programme of educational and outreach events throughout Somerset. Jackdaws is a leading delivery partner for Sound Foundation Somerset, the Somerset music hub, specialising in projects that inspire children and young people through the opportunity of performing with talented young professionals in large scale events. The full programme of projects took place this year although with some necessary adjustments.

Opera Plus - The Jackdaws Roller-Coast-Opera

Over the course of a week the opera company streamed live to 11 schools including 500 pupils and staff. Pupils found out all about opera and took part in a show created by Jackdaws' Artistic Director which included some of the "greatest opera hits", they sang live and recorded the show element of the sessions to share with the rest of their school and families.

Song Story - Peter and the Wolf

Taking place in June, the Song Story team took an adapted version of Peter and the Wolf on the road into 4 SEND schools, all of whom sang, played instruments and acted out the story for audiences of their peers. It was great fun and a wonderful way to end the academic year.

Year of Klezmer

The Hop-Skotschne Trio delivered workshops and performances with 14 schools across Somerset and engaged with over 1,500 children and young people culminating in a mass performance in the Cheese and Grain in Frome.

Jacks Music Club

Jackdaws' weekly music club for teenagers which had been run online during the pandemic returned to Jackdaws home base in 2021. Participants had the opportunity to work with a wide variety of local and visiting tutors and make music together each Friday afternoon.

Summer Production

The Summer Production took place almost as normal with a full complement of 20 taking part. The young participants created a show from scratch during one week of the summer holidays. They chose a story, a composer and a designer to inspire their work and this year selected A Midsummer Night's Dream with Clara Schumann and Mae Chevrette as the themes. One participant also undertook her silver Arts Award alongside and passed with flying colours. Jackdaws new music studio turned out to be a great venue for outside performances.

FUNDING

Jackdaws received funding from the Arts Council Recovery and Continuity programmes which helped to ensure that a full programme could be offered in 2021/22. In addition, grants from Sound Foundation Somerset and the Arts Council National Lottery programme enabled the delivery of the education and outreach work. The Trustees are also grateful for the support received from the regular contributions received from Jackdaws Patrons and Friends during the year and for grants from Mendip District Council and Frome Town Council.

FINANCIAL REVIEW

Investment policy and objectives

The trustees consult with the professional advisors of the Trust where appropriate to ensure maximum growth in capital on any investments, which the trust holds.

Reserves policy

The trustees are aiming towards retaining reserves which will underwrite the operation of Jackdaws for six months.

The Trust continued to run courses in the year from Jackdaws. It plans to run further such courses during the forthcoming year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The trustees submit their report for the year ended 31 March 2022. This report is prepared in accordance with the Trust Deed and the recommendation of the Statement of Recommended Practice 2005 - Accounting and reporting by charities and complies with the applicable law.

Jackdaws was incorporated as a limited company on 19 April 1994

It is governed by a trust deed. Jackdaws is governed by a Board of Trustees (Currently 6 in number) to whom the Artistic Director and Development Manager report on a regular basis at Trustee meetings which are held at Jackdaws at least twice a year and more frequently if required. The Trustees take advice from professionals and other advisers when required.

Recruitment and appointment of new trustees

The board of trustees appoints new trustees as appropriate. New trustees receive induction and training for their role by meeting with the Chairman, current trustees, senior staff and Jackdaws' accountant who advises on the role of the trustees and legal requirements.

Risk management

The trustees have assessed the major risks to which the charity is exposed, in particular to those related to the operations and finance of the Trust and are satisfied that systems are in place to mitigate our exposure to major risk.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02920267 (England and Wales)

Registered Charity number

1037073

Registered office

Jackdaws

Great Elm

Frome

Somerset

BA11 3NY

Trustees

A Burgess

D M Hunter

N Kirkman

R Mannion (resigned 25.11.22)

M P Tanner (appointed 5.11.21)

E Talman (appointed 5.11.21)

Company Secretary

K Meadows

Independent Examiner

Martin Bowe

Probusiness Ltd

St Lawrence Lodge

37 Chamberlain Street

Wells

Somerset

BA5 2PQ

Bankers

HSBC

24 Market Place

Frome

Somerset

BA11 1AJ

Approved by order of the board of trustees on 8 December 2022 and signed on its behalf by:

D M Hunter - Trustee

Independent examiner's report to the trustees of Jackdaws Educational Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Martin Bowe

Probusiness Ltd

St Lawrence Lodge

37 Chamberlain Street

Wells

Somerset

BA5 2PQ

8 December 2022

31.3.22

31.3.21

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations, Legacies and Grants

2

60,792

4,900

65,692

52,275

Charitable activities

Courses

90,494

-

90,494

21,633

Concerts and Events

-

59,114

59,114

28,085

Outreach Ticket Sales

-

-

-

416

Maureen Lehane Vocal Awards

-

1,125

1,125

1,000

Investment income

3

9,181

-

9,181

9,183

Other income

3,679

-

3,679

54,392

Total

164,146

65,139

229,285

166,984

EXPENDITURE ON

Charitable activities

Concerts and Events

-

35,391

35,391

21,039

Maureen Lehane Vocal Awards

-

6,147

6,147

2,110

Courses

53,272

-

53,272

13,208

Wages

28,144

15,155

43,299

56,710

Other

45,717

16,996

62,713

44,057

Total

127,133

73,689

200,822

137,124

NET INCOME/(EXPENDITURE)

37,013

(8,550

)

28,463

29,860

RECONCILIATION OF FUNDS

Total funds brought forward

93,580

388,506

482,086

452,226

TOTAL FUNDS CARRIED FORWARD

130,593

379,956

510,549

482,086

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

31.3.22

31.3.21

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

9

142,573

87,173

229,746

240,391

CURRENT ASSETS

Debtors

10

111,883

260,929

372,812

356,084

Cash at bank

31,855

36,154

68,009

84,544

143,738

297,083

440,821

440,628

CREDITORS

Amounts falling due within one year

11

(56,674

)

(4,300

)

(60,974

)

(95,102

)

NET CURRENT ASSETS

87,064

292,783

379,847

345,526

TOTAL ASSETS LESS CURRENT LIABILITIES

229,637

379,956

609,593

585,917

CREDITORS

Amounts falling due after more than one year

12

(99,044

)

-

(99,044

)

(103,831

)

NET ASSETS

130,593

379,956

510,549

482,086

FUNDS

14

Unrestricted funds:

General fund

110,593

73,580

Property Repairs and Maintenance

20,000

20,000

130,593

93,580

Restricted funds

379,956

388,506

TOTAL FUNDS

510,549

482,086

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 8 December 2022 and were signed on its behalf by:

D M Hunter - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, other are apportioned on an appropriate basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

-15% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS, LEGACIES AND GRANTS

31.3.22

31.3.21

£

£

Friends Subscriptions

7,670

8,418

Donations

2,648

16,857

Grant Income

55,374

27,000

65,692

52,275

3.	INVESTMENT INCOME

31.3.22

31.3.21

£

£

Deposit account interest

3

5

Loan Interest

9,178

9,178

9,181

9,183

4.	SUPPORT COSTS

Information

Governance

Management

technology

Premises

costs

Totals

£

£

£

£

£

Other resources expended

28,882

13,213

13,963

2,782

58,840

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.22

31.3.21

£

£

Depreciation - owned assets

11,199

11,180

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

7.	STAFF COSTS

The average monthly number of employees during the year was:- 31/03/22 31/03/21

3 4

No employees received emoluments in excess of £60,000.

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations, Legacies and Grants

37,275

15,000

52,275

Charitable activities

Courses

21,633

-

21,633

Concerts and Events

-

28,085

28,085

Outreach Ticket Sales

-

416

416

Maureen Lehane Vocal Awards

-

1,000

1,000

Investment income

9,183

-

9,183

Other income

54,392

-

54,392

Total

122,483

44,501

166,984

EXPENDITURE ON

Charitable activities

Concerts and Events

-

21,039

21,039

Maureen Lehane Vocal Awards

-

2,110

2,110

Courses

13,208

-

13,208

Wages

36,861

19,849

56,710

Other

33,006

11,051

44,057

Total

83,075

54,049

137,124

NET INCOME/(EXPENDITURE)

39,408

(9,548

)

29,860

RECONCILIATION OF FUNDS

Total funds brought forward

54,172

398,054

452,226

TOTAL FUNDS CARRIED FORWARD

93,580

388,506

482,086

9.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2021

268,830

30,556

299,386

Additions

-

554

554

At 31 March 2022

268,830

31,110

299,940

DEPRECIATION

At 1 April 2021

30,840

28,155

58,995

Charge for year

10,753

446

11,199

At 31 March 2022

41,593

28,601

70,194

NET BOOK VALUE

At 31 March 2022

227,237

2,509

229,746

At 31 March 2021

237,990

2,401

240,391

10.

DEBTORS

31.3.22

31.3.21

£

£

Amounts falling due within one year:

Other debtors

7,551

-

Amounts falling due after more than one year:

Jackdaws (Coach House) Limited

365,261

356,084

Aggregate amounts

372,812

356,084

The debtor relates to money owed by Jackdaws (Coach House) Limited in relation to The Coach House building.

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts (see note 13)

8,540

38,540

Social security and other taxes

874

819

Accrued expenses

1,710

1,368

Deferred Income

49,850

54,375

60,974

95,102

12.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans (see note 13)

99,044

103,831

13.

LOANS

An analysis of the maturity of loans is given below:

31.3.22

31.3.21

£

£

Amounts falling due within one year on demand:

Bank loans

8,540

38,540

Amounts falling between one and two years:

Bank loans - 1-2 years

8,540

8,540

Amounts falling due between two and five years:

Bank loans - 2-5 years

25,620

25,620

Amounts falling due in more than five years:

Repayable by instalments:

Bank loans more 5 yr by instal

64,884

69,671

14.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.21

in funds

31.3.22

£

£

£

Unrestricted funds

General fund

73,580

37,013

110,593

Property Repairs and Maintenance

20,000

-

20,000

93,580

37,013

130,593

Restricted funds

Restricted Fund

388,506

(8,550

)

379,956

TOTAL FUNDS

482,086

28,463

510,549

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

164,146

(127,133

)

37,013

Restricted funds

Restricted Fund

65,139

(73,689

)

(8,550

)

TOTAL FUNDS

229,285

(200,822

)

28,463

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.20

in funds

funds

31.3.21

£

£

£

£

Unrestricted funds

General fund

54,172

27,408

(8,000

)

73,580

Property Repairs and Maintenance

-

12,000

8,000

20,000

54,172

39,408

-

93,580

Restricted funds

Restricted Fund

398,054

(9,548

)

-

388,506

TOTAL FUNDS

452,226

29,860

-

482,086