ANNUAL REPORT AND ACCOUNTS
2018-19
WELCOME!
2018-19 WAS ANOTHER FANTASTIC YEAR FOR HMDT MUSIC The Company maintains an industry-wide reputation for innovative education projects and quality productions, winning plaudits from the arts community and the critics. Trench Brothers, our First World War project commemorating ethnic minority soldiers participation in the First World War, culminated in large-scale performances of the specially expanded and orchestrated music theatre work at Brighton Dome on 17 October 2018, for which it was nominated as a finalist for a Music Teacher Award. The supporting exhibition continues to be shown at Newhaven Fort. The Autumn also saw the launch of our Commemoration Days which give new life as a focused school offering, and the intention using resources from Trench Brothers, Shadowball, The Brown Bomber, I’ll Be Seeing You, and Hear Our Voice, to provide learning through the arts projects for schools. Trench Brothers South East, together with the Company’s continuing partnership with Creative Education Trust (CET) and the new TIME (testing impact, measuring effect) project working with 6 primary schools in Lancashire for 3 years, have established the Company as a national arts organisation.
The continuing development of Saturday Programme projects, such as The Music Box, The Fledglings, CYMH Instrumental School, the I Can Sing! Music Theatre School, the Julian Joseph Jazz Academy, and Music Treehouse have provided greater access than ever before to participants of varying abilities and musical interests, both in Hackney and beyond. Last Autumn saw the expansion of the Music Treehouse project to include students in Primary Schools and under 5s with special educational needs and disabilities. The Company is well on its way to fulfilling the strategic goals set out in the Company’s Strategic Plan (2016-21), as HMDT Music continues to explore new ways of using the arts as a means to enhancing learning, fostering community cohesion, promoting the nation’s multi-cultural heritage, and providing long-term sustainable solutions to ensure the future of the company’s core projects. We are nothing without our incredible teams of artists, tutors, volunteers and partners so many of whom have been working with us for many years and many of whom we have gladly recently welcomed into the fold. Our thanks to them for all their great work and toil and congratulations to the many participants who have achieved so much over the year thus enabling us to continue our mantra of ensuring a musical future.
Adam S. Eisenberg General Director
Tertia Sefton-Green Creative Director
ABOUT HMDT MUSIC
MISSION AND CORE VALUES MISSION
CORE VALUES
HMDT Music creates inspiring arts projects to enrich learning and transform lives.
Artistic Excellence We create education projects and productions of the highest quality in the belief that everyone should have access to the very best that the arts can offer.
Dedicated to breaking down barriers to participation, we offer all young people and their communities, particularly those with the least engagement, sustained artistic programmes together with life-changing performance opportunities to increase skills, raise aspirations and discover the joys of creativity. Working with world class artists and leading experts, HMDT Music, twice winner of the Royal Philharmonic Society Award for Education, increases access to high quality musical experiences by commissioning new performance works created through an artistic fellowship between artists and participants, developing resources, creating enduring partnerships, and sustaining an extensive outreach programme to schools and the community in areas of significant disadvantage and deprivation.
Innovation We respond to the needs of individuals and communities by linking people and art forms in imaginative ways; challenging audiences and allowing artists to take creative risks. We strive to be courageous by highlighting and sharing untold stories, cultures and historic events, building awareness and celebrating the voices and dignity of those who would otherwise not be heard. Community We foster a strong sense of community and personal growth by creating arts projects, which raise aspirations and expectations. Inclusiveness Diversity is at the heart of everything we stand for and believe in. We are committed to creating inclusive music projects exploring a variety of music
THE COMPANY IN 2018-19 HMDT Music (Hackney Music Development Trust) is an independent charity established in October 1995, with the support of The London Borough of Hackney. Since becoming independent in July 2012, HMDT Music has moved to offices in North London and has been developing its work across London and further afield, whilst still maintaining its commitment to Hackney. The success of the Company
is maintained through a close relationship between HMDT Music’s Board of Trustees and HMDT Music Staff. Trustees are committed to providing an arms length approach to management while ensuring robust scrutiny and proper support is given to financial and statutory requirements. Registered Charity Number 1050520 Company Limited by Guarantee 3118155 Registered Address Second Floor 22 Aldermans Hill London N13 4PN
HMDT MUSIC BOARD OF TRUSTEES Farquhar McKay, Chair Michele Pullan (July 2018) Isabelle Cadignan Tony Clark Krishna Raman PATRONS Natalie Clein Julian Joseph OBE Cleveland Watkiss MBE
HMDT MUSIC STAFF Adam Eisenberg General Director Photo: Andreas Neumann
LEGAL AND ADMINISTRATIVE INFORMATION
Tertia Sefton-Green Creative Director Sabina Noble Saturday Programme Manager Maja Wolniak Projects Assistant AUDITORS Westlake Clark Chartered Accountants 7 Lynwood Court Priestlands Place Lymington Hampshire SO41 9GA
ACTIVITIES AND ACHIEVEMENTS 435 PARTICIPANTS 27 ARTISTS 1,300 AUDIENCE 18 WORKSHOPS Trench Brothers brought the First World War to life for primary school children through the experiences and personal stories of the Indian army, British West Indies Regiment and black British soldiers, commemorating their contributions using puppetry, music, artefacts and cross-curricular learning, and culminating in performances of a new music theatre work. Having toured London, Lancashire and Staffordshire, the project came to Brighton and the South East to commemorate the centenary of the Armistice with large-scale performances. The accompanying Exhibition was presented at Newhaven Fort, supported by artwork from all 7 participating schools, together with findings from a new research project into the impact locally. The work by Julian Joseph and Richard Taylor set to Tertia Sefton-Green’s libretto included letter songs by composers Michael Betteridge, Jenny Gould, Matthew King, James Redwood and Omar Shahryar working with children over the past four years. It was performed at Brighton Dome by Cleveland Watkiss, Damian Thantrey, Richard Sumitro with students from the Julian Joseph Jazz Academy, singers from our I Can Sing music theatre programme and children from schools in Brighton, Newhaven, Lewes and Seaford to Clare Whistler and Freya Wynn-Jones’ production.
The children absolutely loved performing at the Dome. They loved learning all the songs and being part of a big production. It was a fantastic life experience that I’m sure they will always remember.
23 REHEARSALS 2 PERFORMANCES
TEACHER CRADLE HILL PRIMARY
It exceeded expectations. It had the feel of a West End show. Marvellous. TEACHER ST NICOLAS PRIMARY
Thank you, not only to perform at the Dome, but to tell the stories of these incredible soldiers was amazing. I will never forget it. STUDENT
PARTNERSHIPS Brighton Dome Newhaven Fort Little Angel Theatre Strike a Light Gateways of the First World War Brighton and Hove Music and Arts
ACTIVITIES AND ACHIEVEMENTS
TIME Extended aims to explore ways of empowering schools to develop and support their arts provision and ways of embedding the arts across the curriculum, to help inspire learning and attain higher levels of academic achievement. HMDT Music is working with 6 schools across Lancashire for three years delivering workshops, skills training, CPD, INSETs and sharing good practice. Each autumn artists deliver art, music and drama workshops to 12 classes followed by CPDs in each area. In the spring, the teachers lead embedded workshops using art, music and drama supported by artists, again followed by CPDs. In the summer term, each of the 12 teachers develops a mini-project using at least two art-forms including film, dance, puppetry enlisting specialist help, to deliver a finished product such as a performance or film. At the end of Year 1 o 1 00% of teachers said it has turned around their mind-set, professional practice, skills development and ability to use the arts to underpin teaching; o 100% confirmed its positive impact on children’s confidence, social skills and attitudes to learning; o 8 6% noted its positive impact and contribution to children’s attainment and academic achievement and behaviour.
The TIME project has awakened our school to the power of the arts and the importance of creativity within our curriculum. It has enabled our school to connect with inspiring artists, musicians and dramatists to support teachers in their approaches to planning and delivering high quality learning experiences. Incorporating the arts into our classes has seen an increase in our children’s motivation, engagement and selfesteem. The impact of this project is being felt across the school with renewed enthusiasm for the wider curriculum. HEAD, LYTHAM HALL PARK PRIMARY
The impact of this has been amazing. I truly believe that the level of their understanding is much deeper as a result of this. They hit so many of the history objectives for the year group from this arts session. TEACHER WILLOW LANE PRIMARY
The range of engaging and worthwhile learning opportunities created by the TIME project and its influence on my planning and teaching have certainly helped to improve children’s attitude to learning. TEACHER, ST AUGUSTINE’S PRIMARY
360 PARTICIPANTS 11 ARTISTS 750 AUDIENCE 83 WORKSHOPS 9 CPDS 6 INSETS PARTNERSHIPS Heritage Learning from Lancashire County Council Burnley Youth Theatre More Music Atelier Arts Ludus Dance
ACTIVITIES AND ACHIEVEMENTS 447 PARTICIPANTS 30 ARTISTS
INSTRUMENTAL SCHOOL
SATURDAY MORNING MUSIC SCHOOL
The Saturday Programme serving students aged 6 months to 25 for 30 weeks a year offers six core programmes: o T he Music Box under 5s explores the foundations of music with a range of guest artists; o T he Fledglings reception age students singing and movement o CYMH Instrumental offers instrumental tuition, general musicianship, choirs, ensembles and orchestra; o I Can Sing! music theatre delivers vocal, dance and drama training leading to performances of standard repertoire and HMDT Music’s own commissions; o T he Julian Joseph Jazz Academy trains talented instrumentalists and singers using the American roots of jazz; o M usic Treehouse offers SEN/D children with a wide spectrum of mild to profound needs, creative music-making. New for this year was a primary and early years strand of Music Treehouse, our first Family Concert featuring professional artists, the opportunity for selected JJJA and ICS! students to perform in Trench Brothers at Brighton Dome, and a staged performance of our children’s opera Confucius Says.
Music Treehouse has been an amazing experience for my son. The musicians are wonderful and very patient which helps every time. Thank you for everything.
1,560 GROUP SESSIONS 3,000 LESSONS 12 FORMAL PERFORMANCES 1,080 AUDIENCE
PARENT
PARTNERSHIPS Bridge Academy
ACTIVITIES AND ACHIEVEMENTS 221 PARTICIPANTS 6 ARTISTS 72 RESIDENCY SESSIONS
One Spirit offers young offenders rehabilitation using the arts to deliver skills-based residencies and mentoring. In 2018-19 continued residencies and mentoring inside HMYOI Feltham, Cookam Wood, HMP Highdown and Aylesbury and offering mentoring upon release to help the transition into society. It works closely with statutory services such as YOTs and Probation as well as other charities and 3rd sector organisations during the resettlement process to provide opportunities for further training and employment. Criminologist Dr Anthony Gunter was commissioned to write an evaluation in which he highlighted its success:
o 8 5% of mentees have not reoffended (the national average is 38%); o 9 4% of participants declared they were more confident;
500 MENTORING SESSIONS 1 EXTERNAL EVALUATION
o 9 3% felt more able to manage their feels;
PARTNERSHIPS
o 1 00% completed their residency projects;
St Mungo’s
o 7 5% are in full or part-time employment; o 2 0% in further education.
Probation Services YOTs Action West London New Horizons YC KELTBRAY REED Recruitment
The team effectively engage and inspire the young men they work with. Their learning and teaching activities are innovative, challenging, appropriate and multi-faceted. The evaluation process is robust and transparent and the practices feeding into them are consistent and professional… The work is powerful and potentially lifechanging. DR ANTHONY GUNTER EVALATION REPORT 2019
Thanks for a fantastic project – we enjoy supporting your projects because it’s the only time I see the boys in their true personalities really working and enjoying themselves. You have a strong effect; they all seem to get on better with each other when working with you. PRISON STAFF
Your projects help our boys see how what they are learning in the classroom can be applied to life outside, and not just the glamorous side of things, but real career choices; that’s very useful. HMYOI COOKHAM WOOD PRISON EDUCATION TUTOR
On a recent visit at HMYOI Cookham Wood, an inspector fed back they were impressed by the ‘good practice’ atmosphere in the classroom; with learners constantly engaged in a variety of activities and capable of explaining what they were doing and what they expected to achieve. ONE SPIRIT FACILITATOR
ACTIVITIES AND ACHIEVEMENTS
SHAKESPEARE 9 X 9
They gave a great show – I felt really proud. I wish I’d had those opportunities when I was at school.
Now in its fifth year, Shakespeare Day of Performance devised for Creative Education Trust enables 9 schools in the Midlands and Great Yarmouth to produce a half hour Shakespeare production in December, performed over two days at Abbeyfield School. Each school is give a day of vocal delivery and textual interpretation with Director Katie Lewis and design workshops with Mark Friend to develop, create and make props for their performances which are produced with school staff.
WORKSHOP LEADER
315 PARTICIPANTS 2 ARTISTS 900 AUDIENCE 36 WORKSHOPS
PARTNERSHIPS Creative Education Trust
9 PERFORMANCES
ACTIVITIES AND ACHIEVEMENTS
6 NEW TEACHING RESOURCES 2 NEWLY COMMISSIONED SONGS A new partnership with The Royal British Legion to create a schools’ project for D-Day 75 which included the commission of two new songs from writer Stephen Plaice and composer Matthew King for schools and choirs to sing and/or listen to, supported by a range of cross-curricular teaching resources which were offered nationally, free of charge. The aim was to bring the nation together through song on 6 June, to commemorate the extraordinary achievements of Allied Forces and the many 1000s of people who contributed to the success of Operation Overlord.
A poignant reflection on a soldiers’ last, sweet thoughts of home before the duck-board dropped. We are thankful to those who gave their today for our tomorrow. HACKNEY CHILDREN’S CHOIR
PARTNERSHIPS The Royal British Legion
PRIORITIES FOR 2019-20
ACHIEVING OUR BUSINESS PLAN
GOALS o To produce a new touring work o To develop and grow core projects
OUTCOMES 2018-19 o T rench Brothers and TIME built on our national reach with expansion into Lancashire and the South East with innovative large-scale expansion continuing our reputation for quality
o To develop a resource bank to support CPD training o To expand our national reach
o T he new Zoho CRM has significantly tightened our infrastructure. Work with external evaluators has assisted our improvement of evaluative tools
o To improve our systems to support growth and flexibility o To achieve great financial flexibility and sustainability
o S uccessful fundraising for large projects and consolidation of earned income o A new focus on CPD training enabling schools to develop their own resources for embedding the arts with TIME, has significantly broadened the reach of our methodology o A udience capacity increased with large-scale projects such as Trench Brothers
FUTURE PROJECTS
STEM Sisters is a new project for KS2 children aimed at schools and families based on the discoveries and stories of historical women scientists and mathematicians. It includes a multi-media musical touring show featuring puppetry and aims to inspire particularly girls, by celebrating women who fought against the odds to pursue their flair for scientific enquiry but were unacknowledged for their discoveries. It is supported by a range of outreach activities and resources.
WE’LL MEET AGAIN
We’ll Meet Again commemorates the 75th anniversary of VE Day with a compilation of several HMDT Music commissions. It will be performed by students on the I Can Sing! programme at Stratford Circus Arts Centre in May 2020.
ONE SPIRIT MENTEE TRAINING SCHEME One Spirit Mentee Training Scheme is an opportunity for mentees who have experienced the One Spirit programme to train as mentors themselves so they can join the workforce and give back to the community. It has been set up following mentee requests and aims to train 3 new workshop facilitators/mentees a year
OUTREACH TOTALS 2018-19
The following information is derived from enrolment and participation records for the year ended 31 August 2019.
AGE GROUPS OF PARTICIPANTS 2018-19
O O O O O
19+ 16-18 12-15 6-11 0-5
PARTICIPANTS AND AUDIENCE
O Number of participants O Audience 2010-11 2011-12 2016-2017
2012-13 2013-14 ETHNIC MAKE UP OF PARTICIPANTS 2018-19
O Other O Mixed O Black Other O Black UK O Asian O White Other O White UK
2014-15 2015-16
Other Mixed
2016-17
Black Other
2017-18
Black British
2018-19
Asian
0
1000 2000 3000 4000 5000 6000 7000 White Other
White British
TOTAL
1795 PARTICIPANTS
137 WORKSHOPS
4495 AUDIENCE
3000 LESSONS
77 ARTISTS
23 PERFORMANCES
72 RESIDENCY SESSIONS
15 CPDS/INSETS
500 MENTORING SESSIONS 1560 GROUP SESSIONS
6 NEW TEACHING RESOURCES 3 NEWLY COMMISSIONED SONGS
FINANCIAL REVIEW 2018-19
FINANCIAL SUMMARY Incoming resources £502,363 Resources expended (£604,289) Net incoming/(outgoing) resources (£101,926) RECONCILIATION OF FUNDS Total funds brought forward £164.175 Total funds carried forward £62,249
CASH FLOW TRACKING 2011-19 £700,000 £600,000 £500,000 £400,000 £300,000 £200,000 £100,000 0 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 YEAR
SOURCES OF INCOME (COMPARATIVE) 2017-18
O O O O O O
Interest and Investments Other Income Fees/Charges Service Level Agreements Donations Grants
SOURCES OF INCOME 2018-19
O O O O O O
Interest and Investments Other Income Fees/Charges Service Level Agreements Donations Grants
EXPENDITURE MIX (COMPARATIVE) 2017-18
O Project costs O Core costs
EXPENDITURE MIX 2018-19
O Support Costs O Project costs
OUR FUNDERS 2018-19
HMDT MUSIC IS VERY GRATEFUL TO ALL THOSE WHO HAVE PROVIDED FUNDING TO SUPPORT OUR WORK.THEIR CONTINUED COMMITMENT TO MUSIC EDUCATION HELPS US TO PROVIDE QUALITY PROJECTS WHICH CHANGE PEOPLE’S LIVES.
Arts Council Logo
TRENCH BROTHERS Heritage Lottery Logo PRS Foundation Logo
TIME Paul Hamlyn Logo
Children in Need Logo
Youth Music Logo
ONE SPIRIT City Bridge Logo Henry Smith Logo
MUSIC TREEHOUSE Children in Need logo
SHAKESPEARE 9X9 Creative Education Trust Logo
D-DAY 75 Royal British Legion Logo
THE JULIAN JOSEPH JAZZ ACADEMY Bridge Academy Logo
THE SATURDAY PROGRAMME Hackney Music Service logo
Company registration number: 03118155 Charity registration number: 1050520
Hackney Music Development Trust known as HMDT Music (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2019
Westlake Clark Audit LLP Statutory auditor 7 Lynwood Court Priestlands Place Lymington Hampshire SO41 9GA
Hackney Music Development Trust Contents Reference and Administrative Details
1
Strategic Report
2 to 3
Trustees' Report
4 to 6
Statement of Trustees' Responsibilities Independent Auditors' Report
7 8 to 11
Statement of Financial Activities
12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Financial Statements
15 to 27
Hackney Music Development Trust Reference and Administrative Details Charity name
Hackney Music Development Trust Known as HMDT Music
Trustees
Farquhar McKay Tony Clark Krishna Raman Michele Pullan Isabelle Cadignan
Secretary
Adam Eisenberg
Other Officers
Natalie Clein, Patron Julian Joseph OBE, Patron Cleveland Watkiss MBE, Patron
Senior Management Team
Adam Eisenberg, General Director
Principal Office
Second Floor 22 Aldermans Hill London N13 4PN
Registered Office
Second Floor 22 Aldermans Hill London N13 4PN
Company Registration Number
03118155
Charity Registration Number
1050520
Auditor
Westlake Clark Audit LLP Statutory auditor 7 Lynwood Court Priestlands Place Lymington Hampshire SO41 9GA
Page 1
1
Hackney Music Development Trust Strategic Report for the Year Ended 31 August 2019 The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 August 2019, in compliance with s414C of the Companies Act 2006. Achievements and performance The Company maintains an industry-wide reputation for innovative education projects and quality productions, winning plaudits from the arts community and the critics. The continuing development of Saturday Programme projects, such as The Music Box, The Fledglings, CYMH Instrumental School, the I Can Sing! Music Theatre School, the Julian Joseph Jazz Academy, and Music Treehouse have provided greater access than ever before to participants of varying abilities and musical interests, both in Hackney and beyond. Last Autumn saw the expansion of the Music Treehouse project to include students in Primary Schools and under 5s with special educational needs and disabilities. Trench Brothers, our First World War project commemorating ethnic minority soldiers participation in the First World War, culminated in large-scale performances of the specially expanded and orchestrated music theatre work at Brighton Dome on 17 October 2018, for which it was nominated as a finalist for a Music and Drama Excellence in Music Theatre Award. The supporting exhibition continues to be shown at Newhaven Fort. The Autumn also saw the launch of our Commemoration Days which give new life as a focused school offering, and the intention using resources from Trench Brothers, Shadowball, The Brown Bomber, I’ll Be Seeing You, and Hear Our Voice, to provide learning through the arts projects for schools. Trench Brothers South East, together with the Company’s continuing partnership with Creative Education Trust (CET) and the new TIME (testing impact, measuring effect) project working with 6 primary schools in Lancashire for 3 years, have established the Company as a national arts organisation. The Company is well on its way to fulfilling the strategic goals set out in the Company’s Strategic Plan (2016-21), as HMDT Music continues to explore new ways of using the arts as a means to enhancing learning, fostering community cohesion, promoting the nation’s multi-cultural heritage, and providing long-term sustainable solutions to ensure the future of the company’s core projects. Financial review During this year, HMDT Music has continued to see the benefits of its new income model. Earned income remains relatively stable with a decrease of 8% from the previous financial year. Due to a significant decrease in grant fundraising this fiscal year, the overall position of earned income has risen to 54%. This year’s figures as percentages of overall income were: Earned Income (53.92%); Donations (1.71%); Grants (43.83%); and Local Government funds (0.54%). The CET partnership, the new Commemoration Days, and additional future partnerships such as for our new schools tour: STEM Sisters, will continue to provide varied income streams. Following an 85% increase in grant receipts last financial year, the Company has seen a decline of approximately 64% in grants funding this year. This is due to the conclusion of grant reliant projects, such as Trench Brothers, and represents the normal cash flow cycle for the organisation. It is expected that this figure will reverse once again in 2019-20 as fundraising begins for the STEM Sisters project, One Spirit and Music Treehouse once again. The Company saw a decrease in unrestricted reserves again this year. Continuing changes to the financial systems, fee collections mechanisms, and cost savings exercises in the coming year will also help to maximise the benefits of potential income streams and further maintain a stable financial position.
Page 2
2
Hackney Music Development Trust Strategic Report for the Year Ended 31 August 2019 Policy on reserves The present level of funding is adequate to support the continuation of the major activities of the charity. The trustees aim for three months of reserves and currently have 1.5 months available (£20,889, 2018 - £35,417). The strategic report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Michele Pullan Trustee
Page 3
3
Hackney Music Development Trust Trustees' Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2019. Objectives and activities Objects and aims The principal activity of the company is to promote and advance the education of people by the encouragement of the Art of Music. Public benefit The Company has furthered public benefit this year through the projects noted in this report. The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Financial review During this year, HMDT Music has continued to see the benefits of its new income model. Earned income remains relatively stable with a decrease of 8% from the previous financial year. Due to a significant decrease in grant fundraising this fiscal year, the overall position of earned income has risen to 54%. This year’s figures as percentages of overall income were: Earned Income (53.92%); Donations (1.71%); Grants (43.83%); and Local Government funds (0.54%). The CET partnership, the new Commemoration Days, and additional future partnerships such as for our new schools tour: STEM Sisters, will continue to provide varied income streams. Following an 85% increase in grant receipts last financial year, the Company has seen a decline of approximately 64% in grants funding this year. This is due to the conclusion of grant reliant projects, such as Trench Brothers, and represents the normal cash flow cycle for the organisation. It is expected that this figure will reverse once again in 2019-20 as fundraising begins for the STEM Sisters project, One Spirit and Music Treehouse once again. The Company saw a decrease in unrestricted reserves again this year. Continuing changes to the financial systems, fee collections mechanisms, and cost savings exercises in the coming year will also help to maximise the benefits of potential income streams and further maintain a stable financial position. Policy on reserves The present level of funding is adequate to support the continuation of the major activities of the charity. The trustees aim for three months of reserves and currently have 1.5 months available (£20,889, 2018 - £35,417). Structure, governance and management Nature of governing document The company is limited by guarantee and has charitable status. The charity is governed by its memorandum and articles of association dated 25 October 1995. Recruitment and appointment of trustees All directors of the company are also trustees of the charity and there are no other trustees. The Board has the power to appoint additional trustees as it considers fit to do so.
Page 4
4
Hackney Music Development Trust Trustees' Report Induction and training of trustees New trustees are briefed on their legal obligations under charity and company law, the contents of the Memorandum and Articles of Association, the future plans and financial performance of the charity. Organisational structure The Board, which meets regularly, administers the charity. The Board decides key strategic and operational issues while responsibility for the day-to-day management of the charity is delegated to the Company Secretary. Financial instruments Objectives and policies The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. Cash flow risk The Charity’s activities expose it primarily to the financial risks of changes in interest rates. Credit risk The Charity’s principal financial assets are bank balances and other debtors. The Charity’s credit risk is primarily attributable to its other debtors. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The Charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Page 5
5
Hackney Music Development Trust Trustees' Report Achievements and performance The Company maintains an industry-wide reputation for innovative education projects and quality productions, winning plaudits from the arts community and the critics. The continuing development of Saturday Programme projects, such as The Music Box, The Fledglings, CYMH Instrumental School, the I Can Sing! Music Theatre School, the Julian Joseph Jazz Academy, and Music Treehouse have provided greater access than ever before to participants of varying abilities and musical interests, both in Hackney and beyond. Last Autumn saw the expansion of the Music Treehouse project to include students in Primary Schools and under 5s with special educational needs and disabilities. Trench Brothers, our First World War project commemorating ethnic minority soldiers participation in the First World War, culminated in large-scale performances of the specially expanded and orchestrated music theatre work at Brighton Dome on 17 October 2018, for which it was nominated as a finalist for a Music and Drama Excellence in Music Theatre Award. The supporting exhibition continues to be shown at Newhaven Fort. The Autumn also saw the launch of our Commemoration Days which give new life as a focused school offering, and the intention using resources from Trench Brothers, Shadowball, The Brown Bomber, I’ll Be Seeing You, and Hear Our Voice, to provide learning through the arts projects for schools. Trench Brothers South East, together with the Company’s continuing partnership with Creative Education Trust (CET) and the new TIME (testing impact, measuring effect) project working with 6 primary schools in Lancashire for 3 years, have established the Company as a national arts organisation. The Company is well on its way to fulfilling the strategic goals set out in the Company’s Strategic Plan (2016-21), as HMDT Music continues to explore new ways of using the arts as a means to enhancing learning, fostering community cohesion, promoting the nation’s multi-cultural heritage, and providing long-term sustainable solutions to ensure the future of the company’s core projects. The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Michele Pullan Trustee
Page 6
6
Hackney Music Development Trust Statement of Trustees' Responsibilities The trustees (who are also the directors of Hackney Music Development Trust for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: •
select suitable accounting policies and apply them consistently;
•
observe the methods and principles in the Charities SORP;
•
make judgements and estimates that are reasonable and prudent;
•
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
•
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Michele Pullan Trustee
Page 7
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Hackney Music Development Trust Independent Auditor's Report to the Members of Hackney Music Development Trust Opinion We have audited the financial statements of Hackney Music Development Trust (the 'charity') for the year ended 31 August 2019, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. In our opinion the financial statements: •
give a true and fair view of the state of the charity's affairs as at 31 August 2019 and of its results for the year then ended;
•
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: •
the trustees use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
•
the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other information The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Page 8
8
Hackney Music Development Trust Independent Auditor's Report to the Members of Hackney Music Development Trust In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: •
the information given in the Strategic Report and Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
•
the Strategic Report and Trustees' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Trustees' Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: •
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•
the financial statements are not in agreement with the accounting records and returns; or
•
certain disclosures of trustees remuneration specified by law are not made; or
•
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees As explained more fully in the Statement of Trustees' Responsibilities [set out on page 7], the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor’s responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Page 9
9
Hackney Music Development Trust Independent Auditor's Report to the Members of Hackney Music Development Trust •
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
•
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity’s internal control.
•
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
•
Conclude on the appropriateness of the trustees use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
•
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
•
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the charity to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the charity audit. We remain solely responsible for our audit opinion.
Page 10
10
Hackney Music Development Trust Independent Auditor's Report to the Members of Hackney Music Development Trust We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
...................................... Peter Clegg BSc (Hons) FCA CTA (Senior Statutory Auditor) For and on behalf of Westlake Clark Audit LLP, Statutory Auditor 7 Lynwood Court Priestlands Place Lymington Hampshire SO41 9GA Date:.............................
Page 11
11
Hackney Music Development Trust Statement of Financial Activities for the Year Ended 31 August 2019 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
Note Income and Endowments from: Donations and legacies Charitable activities
3 4
Unrestricted funds £
Restricted funds £
Total 2019 £
54,637 270,826
176,900 -
231,537 270,826
325,463
176,900
502,363
(33,587) (306,403)
(264,299)
(33,587) (570,702)
(339,990)
(264,299)
(604,289)
Net expenditure
(14,527)
(87,399)
(101,926)
Net movement in funds
(14,527)
(87,399)
(101,926)
35,417
128,758
164,175
20,890
41,359
62,249
Total Income Expenditure on: Raising funds Charitable activities
5 6
Total Expenditure
Reconciliation of funds Total funds brought forward Total funds carried forward
18
Note Income and Endowments from: Donations and legacies Charitable activities
3 4
Unrestricted funds £
Restricted funds £
Total 2018 £
47,370 290,340
329,871 400
377,241 290,740
337,710
330,271
667,981
(21,502) (293,045)
(250,829)
(21,502) (543,874)
(314,547)
(250,829)
(565,376)
Net income
23,163
79,442
102,605
Net movement in funds
23,163
79,442
102,605
12,254
49,316
61,570
35,417
128,758
164,175
Total Income Expenditure on: Raising funds Charitable activities
5 6
Total Expenditure
Reconciliation of funds Total funds brought forward Total funds carried forward
18
All of the charity's activities derive from continuing operations during the above two periods.
Page 12
12
Hackney Music Development Trust (Registration number: 03118155) Balance Sheet as at 31 August 2019 Note Fixed assets Tangible assets
2019 £
2018 £
13
5,356
8,233
14 15
906 18,607 84,367
385 15,400 177,731
103,880
193,516
(46,987)
(37,574)
Net current assets
56,893
155,942
Net assets
62,249
164,175
Restricted funds
41,359
128,758
Unrestricted income funds Unrestricted funds
20,890
35,417
62,249
164,175
Current assets Stocks Debtors Cash at bank and in hand Creditors: Amounts falling due within one year
16
Funds of the charity:
Total funds
18
The financial statements on pages 12 to 27 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Michele Pullan Trustee
Page 13
13
Hackney Music Development Trust Statement of Cash Flows for the Year Ended 31 August 2019 Note
2019 £
2018 £
Cash flows from operating activities Net cash (expenditure)/income
(101,926)
Adjustments to cash flows from non-cash items Depreciation
5
2,877 (99,049)
Working capital adjustments (Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(decrease) in creditors
14 15 16
Net cash flows from operating activities
(521) (3,207) 9,413 (93,364)
Cash flows from investing activities Purchase of tangible fixed assets
-
13
102,605 3,868 106,473 161 34,206 (1,124) 139,716 (10,713)
Net (decrease)/increase in cash and cash equivalents
(93,364)
129,003
Cash and cash equivalents at 1 September
177,731
48,728
84,367
177,731
Cash and cash equivalents at 31 August
All of the cash flows are derived from continuing operations during the above two periods.
Page 14
14
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
1 Charity status The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Hackney Music Development Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 15
15
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019 Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, including staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Page 16
16
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019 Asset class Fixtures and equipment Computer equipment Instruments
Depreciation method and rate 33% straight line basis 25% straight line basis 25% reducing balance basis
Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO). Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Page 17
17
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019 Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Financial instruments Classification Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 18
18
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
3 Income from donations and legacies Unrestricted funds
Donations and legacies; Donations Grants, including capital grants; Government grants Grants
General £
Restricted funds £
Total 2019 £
Total 2018 £
8,603
-
8,603
14,302
2,750 43,284
176,900
2,750 220,184
2,750 360,189
54,637
176,900
231,537
377,241
Total 2019 £ 270,826
Total 2018 £ 290,740
General £ 33,587
Total 2019 £ 33,587
Total 2018 £ 21,502
33,587
33,587
21,502
4 Income from charitable activities Unrestricted funds General £ 270,826
All other charitable income 5 Expenditure on raising funds
Unrestricted funds
Fundraising costs
Fundraising costs relate to staff costs which are allocated on the basis of time each member of staff contributes to raising funds which includes grant applications.
Page 19
19
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
6 Expenditure on charitable activities
The Saturday Programme In School Projects Community Projects
Activity undertaken directly £ 208,524 90,886 62,101
Activity support costs £ 140,077 48,443 20,671
Total 2019 £ 348,601 139,329 82,772
Total 2018 £ 339,207 114,058 90,609
361,511
209,191
570,702
543,874
£306,403 (2018 - £293,629) of the above expenditure was attributable to unrestricted funds and £264,299 (2018 - £250,245) to restricted funds.
Page 20
20
21
The Saturday Programme In School Projects Community Projects
Finance costs £ 8,774 35 8,809
Governance costs £ 3,478 1,033 529
5,040
Support costs allocated to charitable activities
7 Analysis of governance and support costs
17,242
Information technology £ 12,001 3,552 1,689 134,350
Staff costs £ 92,701 27,542 14,107 16,212
Administration costs £ 5,750 7,310 3,152
10,802
Premises costs £ 7,453 2,214 1,135
Notes to the Financial Statements for the Year Ended 31 August 2019
Hackney Music Development Trust
16,736
Other support costs £ 9,919 6,792 25
209,191
Total 2019 £ 140,076 48,443 20,672
211,359
Total 2018 £ 152,300 41,883 17,176
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
8 Net incoming/outgoing resources Net (outgoing)/incoming resources for the year include: 2019 £ 8,070 5,040 1,480 2,877
Operating leases - other assets Audit fees Other non-audit services Depreciation of fixed assets
2018 £ 9,000 5,040 1,091 3,868
9 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 21
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 22
22
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
10 Staff costs The aggregate payroll costs were as follows: 2019 £ Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs
2018 £
142,504 16,179 2,774 3,641
146,901 14,819 1,547 2,132
165,098
165,399
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows: 2019 No
Charitable activities
4
2018 No
4
No employee received emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the charity were £58,259 (2018 - £53,199). The chief executive officer, as the highest paid member of staff, received benefits totalling £58,259 (2018 £53,199). 11 Auditors' remuneration 2019 £ 5,040
Audit of the financial statements
Page 23
23
2018 £ 5,040
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
12 Taxation The charity is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Fixtures and equipment £
Computer equipment £
Instruments £
Total £
Cost At 1 September 2018
11,861
22,137
1,050
35,048
At 31 August 2019
11,861
22,137
1,050
35,048
Depreciation At 1 September 2018 Charge for the year
11,861 -
13,904 2,877
1,050 -
26,815 2,877
At 31 August 2019
11,861
16,781
1,050
29,692
At 31 August 2019
-
5,356
-
5,356
At 31 August 2018
-
8,233
-
8,233
Net book value
14 Stock 2019 £
Stocks
906
2018 £
385
15 Debtors 2019 £ 18,607
Trade debtors
Page 24
24
2018 £ 15,400
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
16 Creditors: amounts falling due within one year
Trade creditors Other taxation and social security Other creditors Accruals
2019 £ 31,962 4,041 1,510 9,474
2018 £ 22,484 2,820 3,480 8,790
46,987
37,574
17 Obligations under leases and hire purchase contracts Operating lease commitments Total future minimum lease payments under non-cancellable operating leases are as follows: 2019 £ Land and buildings Within one year
2,535
Page 25
25
2018 £ 2,250
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
12 Taxation The charity is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Fixtures and equipment £
Computer equipment £
Instruments £
Total £
Cost At 1 September 2018
11,861
22,137
1,050
35,048
At 31 August 2019
11,861
22,137
1,050
35,048
Depreciation At 1 September 2018 Charge for the year
11,861 -
13,904 2,877
1,050 -
26,815 2,877
At 31 August 2019
11,861
16,781
1,050
29,692
At 31 August 2019
-
5,356
-
5,356
At 31 August 2018
-
8,233
-
8,233
Net book value
14 Stock 2019 £
Stocks
906
2018 £
385
15 Debtors 2019 £ 18,607
Trade debtors
Page 24
26
2018 £ 15,400
Hackney Music Development Trust Notes to the Financial Statements for the Year Ended 31 August 2019
16 Creditors: amounts falling due within one year
Trade creditors Other taxation and social security Other creditors Accruals
2019 £ 31,962 4,041 1,510 9,474
2018 £ 22,484 2,820 3,480 8,790
46,987
37,574
17 Obligations under leases and hire purchase contracts Operating lease commitments Total future minimum lease payments under non-cancellable operating leases are as follows: 2019 £ Land and buildings Within one year
2,535
Page 25
27
2018 £ 2,250
HMDT Music Second Floor 22 Aldermans Hill London N13 4PN 020 8882 8825 info@hmdt.org.uk www.hmdt.org.uk
