CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Company limited by guarantee
Company Registration Number:
07702358 (England and Wales)
Unaudited statutory accounts for the year ended 31 July 2022
Period of accounts
Start date: 1 August 2021
End date: 31 July 2022
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Contents of the Financial Statements
for the Period Ended 31 July 2022
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Balance sheet
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | 3 | | |
Tangible assets: | 4 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Balance sheet statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 31 July 2022
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the followingconditions are satisfied:the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measuredreliably; and the costs incurred and the costs to complete the contract can be measured reliably. Tangible fixed assets depreciation policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.Depreciation is provided on the following basis:Office equipment - 25% per annumThe assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Intangible fixed assets amortisation policy
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairmentlosses.All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Valuation information and policy
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Other accounting policies
DebtorsShort-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently atamortised cost using the effective interest method, less any impairment.Cash and cash equivalentsCash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments thatmature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.CreditorsShort-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequentlyat amortised cost using the effective interest method.
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 31 July 2022
-
2. Employees
2022 2021 Average number of employees during the period 37 35
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 31 July 2022
3. Intangible assets
Goodwill | Other | Total | |
---|---|---|---|
Cost | £ | £ | £ |
At 1 August 2021 | | | |
Additions | | | |
Disposals | |||
Revaluations | |||
Transfers | |||
At 31 July 2022 | | | |
Amortisation | |||
At 1 August 2021 | | | |
Charge for year | | | |
On disposals | |||
Other adjustments | |||
At 31 July 2022 | | | |
Net book value | |||
At 31 July 2022 | | | |
At 31 July 2021 | | |
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 31 July 2022
4. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 August 2021 | | | ||||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 July 2022 | | | ||||
Depreciation | ||||||
At 1 August 2021 | | | ||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 July 2022 | | | ||||
Net book value | ||||||
At 31 July 2022 | | | ||||
At 31 July 2021 | | |
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 31 July 2022
5. Debtors
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 31 July 2022
6. Creditors: amounts falling due within one year note
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
COMMUNITY INTEREST ANNUAL REPORT
CHILTERN MUSIC THERAPY COMMUNITY INTEREST COMPANY
Company Number: 07702358 (England and Wales)
Year Ending: 31 July 2022
Despite the challenges posed by the COVID pandemic, we were able to resume in-person Music Therapy and Community Music sessions for the majority of our clients in 2021-2022. We continued to offer digital sessions for those who prefer it or who are unable to leave their home, and with some of our clients we have continued to offer a hybrid mix of in person and virtual sessions. We developed our services into specific programmes of care: Acute Care, Developmental and Rehabilitative Care, Continuing Care, Preventative Care and Disseminative Care, which will include our expanded focus on delivering training and making a wider impact.Over 1828 people received Music Therapy or Community Music sessions this year, in one to one and group sessions, 1230 of those were over 18. Our full-service delivery includes Music Therapy, Neurologic Music Therapy and Community Music, with expansion in delivering training across education, health and social care and also to carers and families. We worked in over 26 counties with just over half of those in the South East. We had 178 services on contract.We completed our move to Employee Ownership in September 2022 with an expansion of the board of Director to 6 and the creation of a Membership Council.Our fundraising efforts have become more challenging following the pandemic but we continue to expand our reach and audience through our communications, so that more people can access either training or Music Therapy services, regardless of their financial situation, location or diagnoses.
We have continued to evaluate and adapt the ways in which we meet with our stakeholders, to ensure that (our staff and our clients); at the end of the financial year, the organisation had a team of 51 staff, including Music Therapists, Community Musicians and our operational team, which are made up of a number of roles supporting HR, finance, referrals and scheduling, communication and data and training coordinator.The expansion of the board of Directors to 6 (with 4 Directors who also hold an internal role, plus 2 Directors who are external and hold a skill set of legal and financial experience), sat alongside the creation of a Membership Council, which include representatives from each part of the organisation. We also began to develop a steering group made up of clients and members of the community who have accessed our services. This is still in development but the aim of the group will be a two-way relationship which can further our understanding of our client’s needs and ability to access our services, as well giving more opportunity to our clients to design and adapt our services for the future.We remain in touch with the current sector needs and research through engagement with external professional bodies and organisations across education, health and social care in addition to projects with partner universities.
Directors’ remuneration during the year was £8706. Each board member receives a contribution towards their time, which currently stands at a minimum of 1 meeting per month plus interim conversations and meetings with the team as needed.
No transfer of assets other than for full consideration has been made
This report was approved by the board of directors on
22 March 2023
And signed on behalf of the board by:
Name: Rosamund Axon
Status: Director