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Registered number: 2944161
Charity number: 1062049

Lancaster Community Music Trust

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31/08/2024

Prepared By:
Fiona Wills Accountancy Services Limited
Warton Suite
Clawthorpe Hall Business Centre
Burton in Kendal
Carnforth Lancs
LA6 1NU

Lancaster Community Music Trust

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/08/2024
TRUSTEES
Mr T Forsdick
Mr R Frankland
Mrs B Pinkse
Mr M Edgar
Ms A McCaig
Mr F Roe
Mr N Gilliat (Resigned 28/11/2021)
SECRETARY
Mrs R Hutchison
REGISTERED OFFICE
4 Fairfield Close
Lancaster
Lancashire
LA1 5NT
COMPANY NUMBER
2944161
CHARITY NUMBER
1062049
ACCOUNTANTS
Fiona Wills Accountancy Services Limited
Warton Suite
Clawthorpe Hall Business Centre
Burton in Kendal
Carnforth Lancs
LA6 1NU

Lancaster Community Music Trust

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
CONTENTS
Page
Report of the Trustees3
Accountant's Report6
Statement of Financial Activities7
Balance Sheet8
Notes to the Accounts9 to 14
Detailed Statement of Financial Activities13

Lancaster Community Music Trust

FOR THEYEARENDED31/08/2024
TRUSTEES' REPORT
The trustees present their report and accounts for theyearended31/08/2024
PRINCIPAL ACTIVITIES
The principal activity of the charity in theyearunder review wasCommunity music making.
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing document
Constitution and governing legislation
The charity is established as a limited company, without share capital, under the Companies Act 2006. Its operation is governed by its Memorandum and Articles of Association of 30 June 1994. The company number is 2944161. The company is a registered charity (no. 1062049).
Specific restrictions on the company
(i) Clause 4 of the Memorandum of Association of the company stipulates that the income and property of the company shall be applied solely towards the promotion of its objects and no portion is to be paid by way of dividend, bonus or otherwise to the members of the company. Additionally no trustee appointed to any office of the company is to be paid a salary, or receive any remuneration or other benefit from the company.
(ii) Clause 3.12 of the Memorandum of Association prohibits the company from combining with other entities unless their objects are the same or similar and their constitutions contain similar restrictions to that of the company concerning the distribution of profits.
(iii) Clause 7 of the Memorandum of Association states that upon the winding up or dissolution of the company any assets remaining, after the satisfaction of all liabilities, shall not be paid to or distributed among the members of the company, but shall be transferred to other charitable bodies having similar objects and which similarly prohibit the distribution of income or property among its members. Full details of all the restrictions imposed on the company and the framework within which the company operates are contained in the Memorandum of Association.
(j) Investment powers
The company is permitted by its Memorandum of Association to invest any funds not immediately required for its purposes in any investments, securities or property as may be thought fit subject to such conditions as may for the time being be imposed or required by law

Lancaster Community Music Trust

FOR THEYEARENDED31/08/2024
TRUSTEES' REPORT
Recruitment and appointment of trustees
Appointment of trustees
The appointment of trustees is governed by provisions contained within the company's Articles of Association. These are as follows:
(i) At each annual general meeting one third of the members of the Board of Trustees must retire and, if desired, stand for re - election. The trustees to retire are those longest in office since their last election.
(ii) The company, at the annual general meeting, may fill the positions vacated by the retiring trustees by electing any persons thereto, or by re - electing the retiring members.
(iii) The Board of Trustees has the power to appoint any person to be a trustee either to fill a casual vacancy or in order to increase the number of trustees. Any trustee appointed in this way must retire at the following annual general meeting and stand for re - election, if desired, at that meeting.
(iv) Any member of the company, qualified to attend and vote at the annual general meeting, is entitled to propose the appointment of a person to act as a trustee.
Trustees' responsibilities
The trustees are required to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company as at the end of the financial year and of the surplus or deficit of the company for that year. In preparing those accounts the trustees are required to:
a) select suitable accounting policies and then apply them consistently,
b) make judgements and estimates that are reasonable and prudent;
c) follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts; and
d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with all relevant legislation. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Lancaster Community Music Trust

FOR THEYEARENDED31/08/2024
TRUSTEES' REPORT
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on27/11/2024
Mrs R Hutchison
Secretary

Lancaster Community Music Trust

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OFLANCASTER COMMUNITY MUSIC TRUST, FOR THEYEARENDED31/08/2024
In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts ofLancaster Community Music Trustfor theyearended31/08/2024as set out on pages 7 to 13 from the company's accounting records and from information and explanations you have given us.
As a practising member of theACCA, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors ofLancaster Community Music Trust, as a body, in accordance with the terms of our engagement letter dated22/06/2021. Our work has been undertaken solely to prepare for your approval the accounts ofLancaster Community Music Trustand state those matters that we have agreed to state to the Board of Directors ofLancaster Community Music Trust, as a body, in this report, in accordance with the requirements of theACCAas detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other thanLancaster Community Music Trustand its Board of Directors as a body for our work or for this report.
It is your duty to ensure thatLancaster Community Music Trusthas kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability ofLancaster Community Music Trust. You consider thatLancaster Community Music Trustis exempt from the statutory audit requirement for theyear.
We have not been instructed to carry out an audit or a review of the accounts ofLancaster Community Music Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Fiona Wills Accountancy Services Limited
Warton Suite
Clawthorpe Hall Business Centre
Burton in Kendal
Carnforth Lancs
LA6 1NU
27/11/2024

Lancaster Community Music Trust

Statement of Financial Activities
for the year ended31/08/2024
20242023
Unrestricted fundsRestricted fundsTotalTotal
££££
Income
Income from generated funds
Donations and legacies--1,4381,897
Income from Investments--12762
Income from charitable activities--19,23515,064
Total Income and endowments--20,80017,023
Expenses
Costs of generating funds
Expenditure on Raised funds--9,3568,944
Expenditure on Charitable activities--9,4739,317
Total Expenses--18,82918,261
Net gains on investments
Net Income--1,971(1,238)
Gains/(losses) on revaluation of fixed assests
Net movement in funds:
Net income for the year--1,971(1,238)
Total funds brought forward--(6,420)(5,182)
Net funds carried forward--(4,449)(6,420)
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

Lancaster Community Music Trust

BALANCE SHEET AT 31/08/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3813
CURRENT ASSETS
Stock5050
Cash at bank and in hand9,9298,294
9,9798,344
CREDITORS: Amounts falling due within one year5530871
NET CURRENT ASSETS9,4497,473
TOTAL ASSETS LESS CURRENT LIABILITIES9,4577,486
CAPITAL AND RESERVES
Unrestricted funds7
Difference on accounts9,4577,486
For the year ending 31/08/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 27/11/2024 and signed on their behalf by
.............................
Mr T Forsdick
Trustee

Lancaster Community Music Trust

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
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.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. 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.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance33%

Lancaster Community Music Trust

1g. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1h. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1i. Dividends On Shares Presented Within Shareholders Funds
Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements.
1j. Financial Guarantees
The company has not adopted amendments to FRS 26 in relation to financial guarantee contracts. Where the company enters into financial guarantee contracts to guarantee the indebtedness of other companies within its group, the company considers these to be insurance arrangements, and accounts for them as such. In this respect, the company treats the guarantee contract as a contingent liability until such time as it becomes probable that the company will be required to make a payment under the guarantee.
2. EMPLOYEES
20242023
No.No.
Average number of employees--

Lancaster Community Music Trust

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/09/202314,620636115,257
At 31/08/202414,620636115,257
Depreciation
At 01/09/202314,608636-15,244
For the year5--5
At 31/08/202414,613636-15,249
Net Book Amounts
At 31/08/20247-18
At 31/08/202312-113
4. STOCK 20242023
££
Stock comprises:
Stock5050
5050
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Other creditors530871
530871
6. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 31/08/2024 there were members.

Lancaster Community Music Trust

7. UNRESTRICTED FUNDS
Brought forwardIncoming resourcesOutgoing resourcesTransfersCarried forward
£££££
8. RESTRICTED FUNDS
Brought forwardIncoming resourcesOutgoing resourcesTransfersCarried forward
£££££

Lancaster Community Music Trust

Incoming Resources
for the year ended31/08/2024
20242023
££
Incoming resources
Incoming resources from generated funds
1,4381,897
12762
Subscription
Gift Aid Received2,4601,580
Recorder Orchestra Fees3671,251
2,8272,831
19,23515,064
20,80017,023

Lancaster Community Music Trust

Expenses
for the year ended31/08/2024
20242023
££
Expenses
Costs of generating funds
Costs Of Generating Voluntary Income
Costs Of Generating Funds Costs Of Generating Voluntary Income 15047
Cafe purchases478328
Ensemble costs8,8788,619
9,4068,994
Fundraising Trading Costs
Costs Of Generating Funds Fundraising Trading Costs 1(50)(50)
(50)(50)
9,3568,944
Charitable Activities
Advertising-91
Rent7,4907,040
Repairs and renewals38429
Accountancy fees530504
Insurance200654
Stationery & office supplies817536
Subscriptions219-
Sundry expenses17446
Depreciation of Wind & String Instruments517
9,4739,317
18,82918,261