ANTHEM. MUSIC FUND WALES

ANTHEM. MUSIC FUND WALES

ANTHEM. MUSIC FUND WALES - Company Information

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ANTHEM. MUSIC FUND WALES

Company limited by guarantee

Company Registration Number:
11240995 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2019

Period of accounts

Start date: 7 March 2018

End date: 31 March 2019

ANTHEM. MUSIC FUND WALES

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Additional notes
Balance sheet notes

ANTHEM. MUSIC FUND WALES

Balance sheet

As at 31 March 2019

Notes 13 months to 31 March 2019


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments: 3 770,000
Total fixed assets: 770,000
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 86,310
Investments:   0
Total current assets: 86,310
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 10,553 )
Net current assets (liabilities): 75,757
Total assets less current liabilities: 845,757
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 845,757
Members' funds
Profit and loss account: 845,757
Total members' funds: 845,757

The notes form part of these financial statements

ANTHEM. MUSIC FUND WALES

Balance sheet statements

For the year ending 31 March 2019 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 October 2019
and signed on behalf of the board by:

Name: Arnout van der Veer
Status: Director

The notes form part of these financial statements

ANTHEM. MUSIC FUND WALES

Notes to the Financial Statements

for the Period Ended 31 March 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    All incoming resources are included in the SOFA when the charity is legally entitled to the income, there is a high degree of probability of receipt of the income and the amount can be quantified with reasonable accuracy. Incoming resources from charitable activities, including grants and endowments, are included in the SOFA when they are receivable. The full amount of capital grants is taken to the SOFA when receivable

    Tangible fixed assets depreciation policy

    It is the policy of the company to provide depreciation at the following annual rates in order to write off each asset over its estimated useful economic life. The following rates of depreciation have been applied throughout the period. Assets with a cost of £500 or more are capitalized

ANTHEM. MUSIC FUND WALES

Notes to the Financial Statements

for the Period Ended 31 March 2019

  • 2. Employees

    13 months to 31 March 2019
    Average number of employees during the period 0

ANTHEM. MUSIC FUND WALES

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Fixed assets investments note

Fixed Asset Investment 770,000This represents the Endowment which is currently being held in an interest bearing bank account. The Trustees are considering the longer term investment plans to maximise its returns.

ANTHEM. MUSIC FUND WALES

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Creditors: amounts falling due within one year note

13 months to 31 March 2019
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 10,553
Taxation and social security 0
Accruals and deferred income 0
Other creditors 0
Total 10,553