IRIS Accounts Production v23.3.1.45 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true false true true true false true false true 3 3 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029202672022-03-31029202672023-03-31029202672022-04-012023-03-31029202672021-03-31029202672021-04-012022-03-31029202672022-03-3102920267ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-04-012023-03-3102920267ns11:Original2022-04-012023-03-3102920267ns15:PoundSterlingns11:Original2022-04-012023-03-3102920267ns11:Original2022-03-3102920267ns11:Original2023-03-3102920267ns11:Originalns11:FRS1022022-04-012023-03-3102920267ns11:IndependentExaminationCharityns11:Original2022-04-012023-03-3102920267ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-3102920267ns11:Originalns11:FullAccounts2022-04-012023-03-3102920267ns11:Originalns11:CharitiesSORP2022-04-012023-03-3102920267ns11:Original22022-04-012023-03-3102920267ns11:Original2021-04-012022-03-3102920267ns11:Originalns16:EnglandWales2022-04-012023-03-3102920267ns11:Originalns11:RegisteredOffice2022-04-012023-03-3102920267ns11:Originalns0:Trustee22022-04-012023-03-3102920267ns11:Originalns0:Trustee12022-04-012023-03-3102920267ns11:Originalns0:Trustee32022-04-012023-03-3102920267ns11:Originalns0:Trustee42022-04-012023-03-3102920267ns11:Originalns0:Trustee52022-04-012023-03-3102920267ns11:Originalns0:Trustee62022-04-012023-03-3102920267ns11:Originalns11:CompanySecretary12022-04-012023-03-3102920267ns11:Originalns0:TotalUnrestrictedFunds2022-04-012023-03-3102920267ns11:Originalns0:TotalRestrictedIncomeFunds2022-04-012023-03-3102920267ns11:Originalns0:Activity82022-04-012023-03-3102920267ns11:Originalns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-3102920267ns11:Originalns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3102920267ns11:Originalns0:Activity82021-04-012022-03-3102920267ns11:Originalns0:Activity92022-04-012023-03-3102920267ns11:Originalns0:TotalUnrestrictedFundsns0:Activity92022-04-012023-03-3102920267ns11:Originalns0:Activity9ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3102920267ns11:Originalns0:Activity92021-04-012022-03-3102920267ns11:Originalns0:Activity102022-04-012023-03-3102920267ns11:Originalns0:TotalUnrestrictedFundsns0:Activity102022-04-012023-03-3102920267ns11:Originalns0:Activity10ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3102920267ns11:Originalns0:Activity102021-04-012022-03-3102920267ns0:Activity11ns11:Original2022-04-012023-03-3102920267ns0:Activity11ns11:Originalns0:TotalUnrestrictedFunds2022-04-012023-03-3102920267ns0:Activity11ns11:Originalns0:TotalRestrictedIncomeFunds2022-04-012023-03-3102920267ns0:Activity11ns11:Original2021-04-012022-03-3102920267ns11:Originalns0:Activity122022-04-012023-03-3102920267ns11:Originalns0:TotalUnrestrictedFundsns0:Activity122022-04-012023-03-3102920267ns11:Originalns0:Activity12ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3102920267ns11:Originalns0:Activity122021-04-012022-03-3102920267ns11:Originalns0:TotalUnrestrictedFunds2022-03-3102920267ns11:Originalns0:TotalRestrictedIncomeFunds2022-03-3102920267ns11:Original2021-03-3102920267ns11:Originalns0:TotalUnrestrictedFunds2023-03-3102920267ns11:Originalns0:TotalRestrictedIncomeFunds2023-03-3102920267ns11:Original2022-03-3102920267ns11:Originalns0:TotalUnrestrictedFundsns10:WithinOneYear2023-03-3102920267ns11:Originalns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-03-3102920267ns11:Originalns10:WithinOneYear2023-03-3102920267ns11:Originalns10:WithinOneYear2022-03-3102920267ns11:Originalns0:TotalUnrestrictedFundsns10:AfterOneYear2023-03-3102920267ns11:Originalns10:AfterOneYearns0:TotalRestrictedIncomeFunds2023-03-3102920267ns11:Originalns10:AfterOneYear2023-03-3102920267ns11:Originalns10:AfterOneYear2022-03-3102920267ns11:Original22022-04-012023-03-3102920267ns11:Original12022-04-012023-03-3102920267ns11:Original12021-04-012022-03-3102920267ns11:Originalns10:OwnedAssets2022-04-012023-03-3102920267ns11:Originalns10:OwnedAssets2021-04-012022-03-3102920267ns11:Originalns0:TotalUnrestrictedFunds2021-04-012022-03-3102920267ns11:Originalns0:TotalRestrictedIncomeFunds2021-04-012022-03-3102920267ns11:Originalns0:Activity8ns0:TotalUnrestrictedFunds2021-04-012022-03-3102920267ns11:Originalns0:Activity8ns0:TotalRestrictedIncomeFunds2021-04-012022-03-3102920267ns11:Originalns0:TotalUnrestrictedFundsns0:Activity92021-04-012022-03-3102920267ns11:Originalns0:Activity9ns0:TotalRestrictedIncomeFunds2021-04-012022-03-3102920267ns0:Activity11ns11:Originalns0:TotalUnrestrictedFunds2021-04-012022-03-3102920267ns0:Activity11ns11:Originalns0:TotalRestrictedIncomeFunds2021-04-012022-03-3102920267ns11:Originalns0:TotalUnrestrictedFundsns0:Activity122021-04-012022-03-3102920267ns11:Originalns0:Activity12ns0:TotalRestrictedIncomeFunds2021-04-012022-03-3102920267ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-3102920267ns11:Originalns10:FurnitureFittings2022-03-3102920267ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-04-012023-03-3102920267ns11:Originalns10:FurnitureFittings2022-04-012023-03-3102920267ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-3102920267ns11:Originalns10:FurnitureFittings2023-03-3102920267ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-3102920267ns11:Originalns10:FurnitureFittings2022-03-3102920267ns11:Originalns10:AllPeriods2023-03-3102920267ns11:Originalns10:AllPeriods2022-03-3102920267ns11:Originalns10:BetweenOneTwoYears2023-03-3102920267ns11:Originalns10:BetweenOneTwoYears2022-03-3102920267ns10:BetweenTwoFiveYearsns11:Original2023-03-3102920267ns10:BetweenTwoFiveYearsns11:Original2022-03-31
REGISTERED COMPANY NUMBER: 02920267 (England and Wales)
REGISTERED CHARITY NUMBER: 1037073








Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Jackdaws Educational Trust

Jackdaws Educational Trust






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 5

Independent Examiner's Report 6

Statement of Financial Activities 7

Balance Sheet 8 to 9

Notes to the Financial Statements 10 to 17

Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31 March 2023


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 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)

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

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


Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31 March 2023


OBJECTIVES AND ACTIVITIES
Significant activities
WEEKEND MUSIC COURSES

Throughout 2022/23, Jackdaws offered a full programme of weekend music courses for adult amateur and professional musicians at every level of attainment. The weekends featured courses for pianists, singers, string and wind players, together with some ensemble courses, with some eminent course leaders from across the industry. In total Jackdaws offered 49 courses during the year. They attracted enthusiastic participants both young and old, new and regular participants at Jackdaws. The overwhelming feedback from participants praised the quality of the courses and the supportive atmosphere at Jackdaws as well as the beautiful location and the fantastic food.

EDUCATION AND OUTREACH PROGRAMME

In addition to the year-round programme for adult musicians, Jackdaws ran a wide-ranging roster of educational and outreach events for young people throughout Somerset. Jackdaws is a lead partner for Sound Foundation Somerset, the Somerset music hub and specialises in running large scale projects to inspire children and young people, through the opportunity of performing with talented young professionals in art forms that may be new to them such as opera The full programme of projects took place this year involving over 3000 young Somerset residents.

Opera Plus
April 2022

Opera Plus is a project designed to introduce children to opera and it is often their first experience of the art form. Directed by Jackdaws' Artistic Director, Saffron Van Zwanenberg, the company of young professional singers plus a pianist create a production of a well known opera. They then run workshops in schools about the work and rehearse the children in their role which they perform as part of a performance for parents later in the term.
This year's production was the Barber of Seville, renamed The Stylist of Somerset and 600 children took part in 5 performances. The project was funded by the Arts Council, the Somerset Music Hub, Sedgemoor Town Council and Crewkerne Parish Council

Picnic and Perform
June 2022

A small scale project that gives our local schools in Frome and surrounding villages, the chance to come together for a picnic in the Jackdaws garden at the end of the Summer Term and to share performances of some of the music they have been playing during the school year. This year 100 children enjoyed their morning in the garden at Jackdaws.

Song Story
July 2022

Song Story is a project for Somerset SEND schools and a team of director, musician and singer/actor work with the schools to develop and perform a work for their fellow school pupils and parents. This year's project involved 4 schools and was based on The Planets by Holst. It was funded by the Somerset Music Hub.


Summer Production
August 2022


Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31 March 2023


OBJECTIVES AND ACTIVITIES
The Summer Production is a week-long project for teenagers at the start of the summer holidays, offering them the chance to work with a director, musician and designer to create a show from scratch which they perform on the Friday. They are given a choice of works by a range of authors, designers and composers and they then choose three whose work they use as the basis of the production. This year the group chose to perform The Labours of Hercules, with design inspired by Yayoi Kusama and music inspired by Sibelius.

Year of Klezmer
March 2023

Following a highly successful project with schools in the Frome area in 2022, The Hop-Skotschne Trio returned in March 2023 in answer to popular demand and celebrated Klezmer music with 13 new schools in the Chard and Crewkerne areas of Somerset. The trio gave performances to school assemblies where they gave insights into playing Klezmer and its history as well as their individual instruments (violin, clarinet and accordian) and playing as a trio. In each school they also led a workshop with those pupils who were learning an instrument and in many cases the children joined the trio to perform Klezmer in a concert for parents . There were two large scale concerts at Holyrood Academy in Chard.

Jacks Music Club
Year Round

Jackdaws' weekly music club for teenagers meets every Friday during term time and participants have the opportunity to work with a wide variety of local tutors and also with those tutors visiting Jackdaws to lead the weekend music courses. The weekly sessions encourage ensemble playing in an informal and social setting.

FINANCIAL REVIEW
Financial position
In common with most Arts organisations, Jackdaws treads a fine line to survive financially and this year we had a deficit which was offset by a surplus in the previous year. We aim to keep the fees for our music courses to an affordable level in order to support as wide a range of participants as possible and in the case of hardship, we try to offer discretionary bursaries. We are very grateful to a number of supporters who donate to Jackdaws regularly as either Friends, Patrons or with donations, which helps Jackdaws to do this. All the educational work with young people this year was dependent on grants from the Somerset Music Hub, the Arts Council, Sedgemore District Council, Mendip District Council, Frome Town Council and Crewkerne Town Council as well as donations from the Austin Hope Pilkington Trust and a Trust that wishes to remain anonymous. We are very grateful for this support

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

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

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


Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The trustees submit their report for the year ended 31 March 2023. This report is prepared in accordance with the Trust Deed and the recommendation of the Statement of Recommended Practice 2005 - Accounting and reporting by charities and complies with the applicable law.

Jackdaws was incorporated as a limited company on 19 April 1994

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

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

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

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02920267 (England and Wales)

Registered Charity number
1037073

Registered office
Jackdaws
Great Elm
Frome
Somerset
BA11 3NY

Trustees
A Burgess
D M Hunter
N Kirkman
R Mannion (resigned 25.11.22)
M P Tanner
E Talman

Company Secretary
K Meadows


Jackdaws Educational Trust (Registered number: 02920267)

Report of the Trustees
for the Year Ended 31 March 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Martin Bowe
Probusiness Ltd
St Lawrence Lodge
37 Chamberlain Street
Wells
Somerset
BA5 2PQ

Bankers
HSBC
24 Market Place
Frome
Somerset
BA11 1AJ

Approved by order of the board of trustees on 28 November 2023 and signed on its behalf by:





D M Hunter - Trustee

Independent Examiner's Report to the Trustees of
Jackdaws Educational Trust

Independent examiner's report to the trustees of Jackdaws Educational Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

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

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

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

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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








Martin Bowe

Probusiness Ltd
St Lawrence Lodge
37 Chamberlain Street
Wells
Somerset
BA5 2PQ

28 November 2023

Jackdaws Educational Trust

Statement of Financial Activities
for the Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations, Legacies and Grants 2 22,114 3,300 25,414 65,692

Charitable activities
Courses 105,086 - 105,086 90,494
Concerts and Events - 50,619 50,619 59,114
Outreach Ticket Sales - 2,717 2,717 -
Maureen Lehane Vocal Awards - - - 1,125

Investment income 3 9,266 - 9,266 9,181
Other income - - - 3,679
Total 136,466 56,636 193,102 229,285

EXPENDITURE ON
Charitable activities
Concerts and Events - 33,494 33,494 35,391
Maureen Lehane Vocal Awards - - - 6,147
Courses 67,567 - 67,567 53,272
Wages 26,772 14,416 41,188 43,299

Other 51,079 18,758 69,837 62,713
Total 145,418 66,668 212,086 200,822

NET INCOME/(EXPENDITURE) (8,952 ) (10,032 ) (18,984 ) 28,463


RECONCILIATION OF FUNDS
Total funds brought forward 130,593 379,956 510,549 482,086

TOTAL FUNDS CARRIED FORWARD 121,641 369,924 491,565 510,549

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

Jackdaws Educational Trust (Registered number: 02920267)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 135,989 82,603 218,592 229,746

CURRENT ASSETS
Debtors 10 85,866 291,210 377,076 372,812
Cash at bank 23,826 32,861 56,687 68,009
109,692 324,071 433,763 440,821

CREDITORS
Amounts falling due within one year 11 (29,396 ) (36,750 ) (66,146 ) (60,974 )

NET CURRENT ASSETS 80,296 287,321 367,617 379,847

TOTAL ASSETS LESS CURRENT
LIABILITIES

216,285

369,924

586,209

609,593

CREDITORS
Amounts falling due after more than one year 12 (94,644 ) - (94,644 ) (99,044 )

NET ASSETS 121,641 369,924 491,565 510,549
FUNDS 14
Unrestricted funds:
General fund 101,641 110,593
Property Repairs and Maintenance 20,000 20,000
121,641 130,593
Restricted funds 369,924 379,956
TOTAL FUNDS 491,565 510,549

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.



Jackdaws Educational Trust (Registered number: 02920267)

Balance Sheet - continued
31 March 2023

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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


The financial statements were approved by the Board of Trustees and authorised for issue on 28 November 2023 and were signed on its behalf by:





D M Hunter - Trustee

Jackdaws Educational Trust

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

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

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

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

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

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



-15% on reducing balance

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

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

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

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

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. DONATIONS, LEGACIES AND GRANTS
31.3.23 31.3.22
£    £   
Friends Subscriptions 6,790 7,670
Donations 976 2,648
Grant Income 17,648 55,374
25,414 65,692

3. INVESTMENT INCOME
31.3.23 31.3.22
£    £   
Deposit account interest 88 3
Loan Interest 9,178 9,178
9,266 9,181

4. SUPPORT COSTS
Information Governance
Management technology Premises costs Totals
£    £    £    £    £   
Other resources expended 33,695 14,469 13,654 3,078 64,896

5. NET INCOME/(EXPENDITURE)

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

31.3.23 31.3.22
£    £   
Depreciation - owned assets 11,154 11,199

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022

Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

7. STAFF COSTS

The average monthly number of employees during the year was:- 31/03/23 31/03/22
3 3


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

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations, Legacies and Grants 60,792 4,900 65,692

Charitable activities
Courses 90,494 - 90,494
Concerts and Events - 59,114 59,114
Maureen Lehane Vocal Awards - 1,125 1,125

Investment income 9,181 - 9,181
Other income 3,679 - 3,679
Total 164,146 65,139 229,285

EXPENDITURE ON
Charitable activities
Concerts and Events - 35,391 35,391
Maureen Lehane Vocal Awards - 6,147 6,147
Courses 53,272 - 53,272
Wages 28,144 15,155 43,299

Other 45,717 16,996 62,713
Total 127,133 73,689 200,822

NET INCOME/(EXPENDITURE) 37,013 (8,550 ) 28,463


RECONCILIATION OF FUNDS
Total funds brought forward 93,580 388,506 482,086


Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds fund funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 130,593 379,956 510,549

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 April 2022 and 31 March 2023 268,830 31,110 299,940
DEPRECIATION
At 1 April 2022 41,593 28,601 70,194
Charge for year 10,753 401 11,154
At 31 March 2023 52,346 29,002 81,348
NET BOOK VALUE
At 31 March 2023 216,484 2,108 218,592
At 31 March 2022 227,237 2,509 229,746

10. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Other debtors 2,637 7,551
Amounts falling due after more than one year:
Jackdaws (Coach House) Limited 374,439 365,261

Aggregate amounts 377,076 372,812

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


Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 13) 8,540 8,540
Social security and other taxes 761 874
Accrued expenses 9,095 1,710
Deferred Income 47,750 49,850
66,146 60,974

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 13) 94,644 99,044

13. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year on demand:
Bank loans 8,540 8,540
Amounts falling between one and two years:
Bank loans - 1-2 years 8,540 8,540
Amounts falling due between two and five years:
Bank loans - 2-5 years 25,620 25,620
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans more 5 yr by instal 60,484 64,884


Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 110,593 (8,952 ) 101,641
Property Repairs and Maintenance 20,000 - 20,000
130,593 (8,952 ) 121,641
Restricted funds
Restricted Fund 379,956 (10,032 ) 369,924

TOTAL FUNDS 510,549 (18,984 ) 491,565

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 136,466 (145,418 ) (8,952 )

Restricted funds
Restricted Fund 56,636 (66,668 ) (10,032 )

TOTAL FUNDS 193,102 (212,086 ) (18,984 )


Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 73,580 37,013 110,593
Property Repairs and Maintenance 20,000 - 20,000
93,580 37,013 130,593
Restricted funds
Restricted Fund 388,506 (8,550 ) 379,956

TOTAL FUNDS 482,086 28,463 510,549

Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 164,146 (127,133 ) 37,013

Restricted funds
Restricted Fund 65,139 (73,689 ) (8,550 )

TOTAL FUNDS 229,285 (200,822 ) 28,463

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.21 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 73,580 28,061 101,641
Property Repairs and Maintenance 20,000 - 20,000
93,580 28,061 121,641
Restricted funds
Restricted Fund 388,506 (18,582 ) 369,924

TOTAL FUNDS 482,086 9,479 491,565

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 300,612 (272,551 ) 28,061

Restricted funds
Restricted Fund 121,775 (140,357 ) (18,582 )

TOTAL FUNDS 422,387 (412,908 ) 9,479

Jackdaws Educational Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

16. ULTIMATE CONTROLLING PARTY

The charity is controlled by the trustees.