Music For All - Charities report - 18.1

REGISTERED COMPANY NUMBER: 03193551 (England and Wales)

REGISTERED CHARITY NUMBER: 1055371

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

MUSIC FOR ALL

MUSIC FOR ALL

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Trustees' Report

1 to 3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

Notes to the Financial Statements

7 to 10

MUSIC FOR ALL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2018

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 2018. 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 aims

- To run the annual National Learn to Play Day

- To support the annual Make Music Day

- To support Grants for Individuals that require our assistance

- To support Grants for Community Projects that require our assistance

- To generally promote the positive effects of making music

ACHIEVEMENT AND PERFORMANCE

Charitable activities

- The 2018 Learn to Play Day saw 100 venues taking part.

- The Make Music Day in 2018 held 500 music events.

- The charity has supported the largest number (to date) of Individual Grants and Community Grants, details of which

are on the website and Facebook sites.

- The video for the charity has been well received and is also on the charity website.

- A new updated brochure for the charity has been launched that clearly conveys mission and objectives.

- A new membership Scheme has been launched on the website.

FINANCIAL REVIEW

Principal funding sources

- A fresh donation from the Namm Foundation of $30,000 has just been announced for continued Learn to Play and

Make Music Day events.

- A special individual donation of £100,000 has been made that will be split (by the donor) into this financial year and

the next.

- The charity is now at the top of Google for "music instrument charity" and this has resulted in a number of donations

from both living and deceased individuals.

- In addition, people and organisations have started to raise monies for the charity with fund raising events.

- Levels of cash in the accounts are healthy, relative to current activity levels.

- The Trustees have decided to commence on a degree of administration costs needing to be moved from the Music

Industries Association into the charity. Paul McManus and other members of the MIA staff currently donate time to the

charity that is paid for by the MIA.

Reserves policy

The charity has agreed to a fixed level of £15,000 (which equates to circa 6 months of expenditure). This figure will be

kept under review.

FUTURE PLANS

- The eighth National Learn to Play Day will take place in March 2019.

- The third Make Music Day will take place in June 2019.

- More Ambassadors for the charity have been appointed and more will be sought.

- Jools Holland remains Patron of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by

guarantee, as defined by the Companies Act 2006.

Organisational structure

- The charity is run from the offices of the Music Industries Association.

- Trustees are David Marshall (Chair), Ros Kellaway, Dr Simon Pitt, Peter Matthews, Simon Saunders, Ian Cullen and

Geoff Booth (FD).

- Dr Simon Pitt is Company Secretary.

- All new Trustees meet with the Chair of Trustees and Company Secretary. Full training on the charity is given by the

CEO/Company Secretary as well as using external training courses where a specific training need is identified.

- The Learn to Play Events Group is Alan Barclay (Chair), Dave Hunt, Charlie Cooper and Clare Dove.

- Paul McManus is Chief Executive.

Governance

- The charity is registered for Gift Aid.

- The charity is registered with the Fund Raising Standards Board (now becoming a new body).

- VAT registration has been re-considered but not deemed appropriate at the current time (advice from our

accountants).

- The Trustees are currently reviewing the Articles of Association regarding any required amendments.

- The Trustees meet at least 3 times a year to agree overall strategy and check all governance matters. A member of the

Management Group will attend each Trustee meeting.

- The Trustees have set in motion an examination of the major strategic, business and operational risks which the charity

faces and confirm that they will establish systems to enable regular reviews to ensure that necessary steps are taken to

lessen the risks identified.

- The Learn to Play Events Group meets at least 3 times a year to deliver the strategy as agreed by the Trustees.

- The Trustees are looking at the implications of the new GDPR legislation.

Management

- Paul McManus oversees the payment process from the office of the Music Industries Association. Spending thresholds

have been agreed with Paul above which, Trustee authorisation is required. In addition, Geoff Booth has responsibility

for overseeing the book-keeping practices.

- D A Clark & Co. Ltd. is appointed as the accountant and independent examiner for the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03193551 (England and Wales)

Registered Charity number

1055371

Registered office

Bailey House

4 - 10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

Trustees

R A Hodgson

- resigned 21.2.18

P Howlett

- resigned 19.4.17

Ms R Kellaway

D P Marshall

Dr S Pitt

P C Matthews

- appointed 6.4.17

G C Booth

- appointed 15.6.17

S R Saunders

- appointed 13.9.17

I M Cullen

- appointed 6.7.18

Independent examiner

D A CLARK & CO. LTD.

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

Approved by order of the board of trustees on 31 July 2018 and signed on its behalf by:

D P Marshall - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

MUSIC FOR ALL

Independent examiner's report to the trustees of Music For All ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2018.

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

Mr D Clark

FCA

D A CLARK & CO. LTD.

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

31 July 2018

MUSIC FOR ALL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2018

31.3.18

31.3.17

Unrestricted fund

Restricted funds

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

34,294

80,427

114,721

44,294

Charitable activities

Learn to Play Day

-

-

-

29,176

Investment income

2

25

-

25

26

Total

34,319

80,427

114,746

73,496

EXPENDITURE ON

Charitable activities

Learn to Play Day

459

28,878

29,337

30,969

General activities

-

-

-

15,083

Make Music Day

100

6,340

6,440

-

Grants to Individuals

3,576

23,654

27,230

3,624

Grants to Institutions

1,945

30,006

31,951

10,307

Other

1,260

-

1,260

2,652

Total

7,340

88,878

96,218

62,635

NET INCOME/(EXPENDITURE)

26,979

(8,451

)

18,528

10,861

Transfers between funds

7

(8,451

)

8,451

-

-

Net movement in funds

18,528

-

18,528

10,861

RECONCILIATION OF FUNDS

Total funds brought forward

45,439

-

45,439

34,578

TOTAL FUNDS CARRIED FORWARD

63,967

-

63,967

45,439

MUSIC FOR ALL

BALANCE SHEET

AT 31 MARCH 2018

31.3.18

31.3.17

Unrestricted fund

Restricted funds

Total funds

Total funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

5

34

-

34

34

Cash at bank

83,424

-

83,424

56,956

83,458

-

83,458

56,990

CREDITORS

Amounts falling due within one year

6

(19,491

)

-

(19,491

)

(11,551

)

NET CURRENT ASSETS

63,967

-

63,967

45,439

TOTAL ASSETS LESS CURRENT LIABILITIES

63,967

-

63,967

45,439

NET ASSETS

63,967

-

63,967

45,439

FUNDS

7

Unrestricted funds

63,967

45,439

Restricted funds

-

-

TOTAL FUNDS

63,967

45,439

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended

31 March 2018 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 special provisions of Part 15 of the Companies

Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 31 July 2018 and were signed on its behalf by:

G C Booth -Trustee

MUSIC FOR ALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

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 2015)',

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but

not accrued as expenditure.

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.

2.	INVESTMENT INCOME

31.3.18

31.3.17

£

£

Interest receivable

25

26

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2018 nor for the year ended

31 March 2017.

Trustees' expenses

Travel expenses have been reimbursed during the year totalling £nil (2017: £54).

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund

Restricted funds

Total funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

44,294

-

44,294

Charitable activities

Learn to Play Day

-

29,176

29,176

Investment income

26

-

26

Total

44,320

29,176

73,496

EXPENDITURE ON

Charitable activities

Learn to Play Day

-

30,969

30,969

General activities

15,083

-

15,083

Grants to Individuals

-

3,624

3,624

Grants to Institutions

-

10,307

10,307

Other

2,652

-

2,652

Total

17,735

44,900

62,635

NET INCOME/(EXPENDITURE)

26,585

(15,724

)

10,861

Transfers between funds

(15,724

)

15,724

-

Net movement in funds

10,861

-

10,861

RECONCILIATION OF FUNDS

Total funds brought forward

34,578

-

34,578

TOTAL FUNDS CARRIED FORWARD

45,439

-

45,439

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Prepayments

34

34

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Music Industries Association

18,291

10,351

Accrued expenses

1,200

1,200

19,491

11,551

7.	MOVEMENT IN FUNDS

At 1.4.17

Net movement in funds

Transfers between funds

At 31.3.18

£

£

£

£

Unrestricted funds

General fund

45,439

26,979

(8,451

)

63,967

Restricted funds

Restricted fund

-

(4,791

)

4,791

-

Grant

-

(3,660

)

3,660

-

-

(8,451

)

8,451

-

TOTAL FUNDS

45,439

18,528

-

63,967

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

34,319

(7,340

)

26,979

Restricted funds

Restricted fund

30,427

(35,218

)

(4,791

)

Grant

50,000

(53,660

)

(3,660

)

80,427

(88,878

)

(8,451

)

TOTAL FUNDS

114,746

(96,218

)

18,528

Comparatives for movement in funds

At 1.4.16

Net movement in funds

Transfers between funds

At 31.3.17

£

£

£

£

Unrestricted Funds

General fund

34,578

26,585

(15,724

)

45,439

Restricted Funds

Restricted fund

-

(15,724

)

15,724

-

TOTAL FUNDS

34,578

10,861

-

45,439

Comparative net movement in funds, included in the above are as follows:

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

44,320

(17,735

)

26,585

Restricted funds

Restricted fund

29,176

(44,900

)

(15,724

)

TOTAL FUNDS

73,496

(62,635

)

10,861

8.	RELATED PARTY DISCLOSURES

Mr P. McManus is the Chief Executive of both the Music Industries Association and the MFA, but neither a

director of the MIA nor a trustee of the charity. The MIA runs the day to day business of the charity from its

offices.