LANCASTER COMMUNITY MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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1. Accounting Policies
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| The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. |
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
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1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
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2. Income from Donations and Legacies
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|
| Analysis |
|
Unrestricted funds |
|
Total funds 2025 |
|
Total funds 2024 |
|
|
£ |
|
£ |
|
£ |
| Donation and gifts |
|
1,193.13 |
|
1,193.13 |
|
1,437.76 |
| Gift Aid |
|
2,538.59 |
|
2,538.59 |
|
2,459.99 |
| Membership subscriptions and sponsorships which are in substance donations |
|
16,476.80 |
|
16,476.80 |
|
16,408.50 |
| Total |
|
20,208.52 |
|
20,208.52 |
|
20,306.25 |
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3. Income from Charitable Activities
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|
| Analysis |
|
Unrestricted funds |
|
Total funds 2025 |
|
Total funds 2024 |
|
|
£ |
|
£ |
|
£ |
| Sale of service |
|
607.29 |
|
607.29 |
|
367.00 |
| Total |
|
607.29 |
|
607.29 |
|
367.00 |
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4. Income from Investments
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|
| Analysis |
|
Unrestricted funds |
|
Total funds 2025 |
|
Total funds 2024 |
|
|
£ |
|
£ |
|
£ |
| Interest income |
|
122.85 |
|
122.85 |
|
127.17 |
| Total |
|
122.85 |
|
122.85 |
|
127.17 |
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5. Expenditure on Raising Funds
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|
| Analysis |
|
Unrestricted funds |
|
Total funds 2025 |
|
Total funds 2024 |
|
|
£ |
|
£ |
|
£ |
| Operating charity shops |
|
333.32 |
|
333.32 |
|
478.40 |
|
Total
|
|
333.32
|
|
333.32
|
|
478.40
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| Support Costs |
|
4,159.84 |
|
4,159.84 |
|
4,382.02 |
|
|
4,493.16 |
|
4,493.16 |
|
4,860.42 |
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6. Expenditure on Charitable Activities
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|
| Analysis |
|
Unrestricted funds |
|
Total funds 2025 |
|
Total funds 2024 |
|
|
£ |
|
£ |
|
£ |
| Cost of services |
|
8,875.50 |
|
8,875.50 |
|
8,877.50 |
| Advertising and marketing |
|
153.58 |
|
153.58 |
|
- |
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Total
|
|
9,029.08
|
|
9,029.08
|
|
8,877.50
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| Support Costs |
|
4,709.84 |
|
4,709.84 |
|
4,912.02 |
|
|
13,738.92 |
|
13,738.92 |
|
13,789.52 |
|
|
|
| Analysis |
Total funds 2025 |
Total funds 2024 |
| £ |
£ |
|
Support Costs
|
|
|
| Printing and stationery |
194.52 |
817.05 |
| Rent |
7,465.00 |
7,490.00 |
| Insurance |
204.00 |
200.00 |
| Repairs and Maintenance |
166.17 |
37.99 |
| Subscriptions paid |
290.00 |
219.00 |
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Governance Costs
|
|
|
| Accountants fees |
550.00 |
530.00 |
|
8,869.69 |
9,294.04 |
|
|
|
| Analysis |
|
Unrestricted funds |
|
Total funds 2025 |
|
Total funds 2024 |
|
£ |
|
£ |
|
£ |
| Depreciation Charge for the Year - Plant & Machinery |
|
4.00 |
|
4.00 |
|
5.00 |
| Other Expenditure |
|
442.20 |
|
442.20 |
|
174.40 |
| Total |
|
446.20 |
|
446.20 |
|
179.40 |
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9. Tangible Fixed Assets
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|
Plant & Machinery |
Computer Equipment |
|
£ |
£ |
|
|
| At 01 September 2024 |
14,620.00 |
636.00 |
| Additions |
- |
- |
| Disposals |
- |
- |
| Revaluations |
- |
- |
| Transfers |
- |
- |
| At 31 August 2025 |
14,620.00 |
636.00 |
|
|
|
|
9.2 Depreciation and impairments
|
| At 01 September 2024 |
14,617.00 |
635.00 |
| Charge for the year |
- |
- |
| Disposals |
- |
- |
| Revaluations |
- |
- |
| Transfers |
- |
- |
| At 31 August 2025 |
14,617.00 |
635.00 |
|
|
|
|
|
|
| At 01 September 2024 |
3.00 |
1.00 |
| At 31 August 2025 |
3.00 |
1.00 |
|
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10. Cash at bank and in hand
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|
|
Total funds 2025 |
|
Total funds 2024 |
|
£ |
|
£ |
| Short term cash investments (less than 3 months maturity date) |
64.15 |
|
24.15 |
| Short term deposits |
10,515.89 |
|
8,637.96 |
| Cash at bank and in hand |
1,633.23 |
|
1,266.79 |
| Total |
12,213.27 |
|
9,928.90 |
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11. Creditors: Amounts falling due within one year
|
|
|
Total funds 2025 |
|
Total funds 2024 |
|
£ |
|
£ |
| Accruals and deferred income |
550.00 |
|
530.00 |
| Total |
550.00 |
|
530.00 |
|
|
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12.1 Details of material funds held and movements during the CURRENT reporting period
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| Fund names |
Fund balances brought forward |
Income |
Expenditure |
Transfers |
Gains and losses |
Fund balances carried forward |
| £ |
£ |
£ |
£ |
£ |
£ |
|
Unrestricted funds
|
| General Fund |
9,456.90 |
20,938.66 |
18,678.29 |
- |
- |
11,717.27 |
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12.2 Details of material funds held and movements during the PREVIOUS reporting period
|
| Fund names |
Fund balances brought forward |
Income |
Expenditure |
Transfers |
Gains and losses |
Fund balances carried forward |
| £ |
£ |
£ |
£ |
£ |
£ |
|
Unrestricted funds
|
| General Fund |
7,485.82 |
20,800.42 |
18,829.34 |
- |
- |
9,456.90 |
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13. Average Number of Employees
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|
This year £
|
Last year £
|
| Average number of employees |
0 |
0
|
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|
|
|
|
|
|
|
|
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Total
|
0 |
0 |
|
|
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Average number of employees during this year : 0 and last year : 0
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