Merton
(Omusic
Foundation
Annual Report
,r_ and
'ricial
Étatttments
Fortheyear Ende
31 August 2024
Charity registration number: 1004122
Company registration nurnber: 02590621 (England and Wales)

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
Contents
CHAIR'S INTRODUCTION .
REFERENCE ANDADMINISTRATIVE DETAILS................................
TRUSTEES, REPORT..................................
STATEMENT OF TRUSTEES, RESPONSIBILITIES..........................
19
INDEPENDENT AUDITOR'S REPORT........................................... 20
STATEMENT OF FINANCIALACTIVITIES....................................... 24
BALANCE SHEET....................................................................... 25
STATEMENT OF CASH FLOWS.................................................... 26
NOTESTOTHE FINANCIALSTATEMENTS.................................... 27

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
CHAIR'S INTRODUCTION
CHAIR OF TRUSTEES
September 2023- August 2024
This pastyearwas a period of intense planningand developmentfor Merton Music Foundation IMMFI,
in the context of significant change in the music education sector through the Hub Lead Organisation
re-tendering process. Throughout this time, MMF continued to deliver an increasingly impactful and
diverse programme of high-quality regular activity, special projects and events in schools and music
centres across Merton. The Foundation's far reaching and inclusive provision was exemplified in
March 2024 bya triumphant return to performing atthe Royal Albert Hallfor our biennial'music is for
Life, concert with c. 1500 Merton children.
This year also saw the conclusion of a three-year improvement cycle, centred around the
Foundation's Self-Evaluation and Improvement Plan (SEIP) 2021-2024. Trustees were pleased to
review the final outcomes of this thorough process. which demonstrated a significant development
towards the Foundation's 8ims, particularly in relation to being'an inclusive cultural organisation,.
Trustees have approved a one-year SEIP to be implemented between September 2024- August 2025
in th8 context of a changing national landscape and the planned appointment of a new Chief
Executive from January 2025.
It was another busy year of performances and special projects. We were delighted to return to the
Wimbledon Championships with our senior concert band and jazzorchestra to perform forvisitors at
the semi-finals. as has been a tr8ditionforthe organisation forovertwo decades. Other highlights
included our first youth-led summer festival event, 'Summer of Songs,, coordinated ably by members
of our Youth Council and a hugely successful tour to the Loire Valley in France for members of our
guitar & string ensembles, choirs, concert bands and jazz orchestras.
We successfully adapted to new reporting requirements following the implementation of the new
National Plan for Music Education, with positive feedback from Arts Council England in relation to th8
Foundation's performance. We were also ple8sed to begin delivery of'mini Musicians,, an ambitious
£250ktwo-year KS1 music partnership programme, founded on best inclusive principles and
practice. Th8 organisation responded quickly and adaptably to the national hub restructure, working
closely in partnership with the six other existing HLO'S in London Southwest to form a new entity, SWL
Music, in order to navigate this transition whilst protecting fundingfor frontline provision with children
andyoung people.
Looking ahead to 2024125, more change is on the horizon as weadapt to 8 new national Music Hub
structure and appoint a new Chief Executive, onlythe third personto hold this position in the
Foundation's 34-year history. l am confidentthat MMFwill continue to adapt and thrive, supporting
children and young people locally to find their first notes and flourish as young musicians for many
years to come.
FinaLly. I would like to thank my fellow Trustees for their support and input over these last 12 months.
In recent years, we have successfully diversified our board mernbership in line with our efforts to be
an incLusive cultural organisation and it is notable how much more insightful land interestingl our
board meetings have become since adding the newvoices.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
Signed:
L,
Edward Hickman
Chair of Trustees
Dated: 23 June 2025

MERTON MUSIC FOUNDATION
Annual Report of the Trustees forthe Year Ended 31 Aug 2024
REFERENCE AND ADMINISTRATIVE DETAILS
MERTON NUSIC FOUNDATION
Trustees
Edward Hickman
Emma Trevelyan
lan Bond
Kenisha Fuller (appolnted 25 Nov 20241
Kingsley Green
Manish Solanki
Mia Liyanage
Prrajesh Varathan {appointed 25 Nov 20241
Rowena Maybury
Sebastian Jones
Secretary
Mr L Meechan
Charlty Number
1004122
Company Number
02590621
Regist8r8d Off Ice
clo Merton Abbey School
High Path
London
SW19 2JY
Auditor
WSM Advisors Limited
Connect House
133-137 Alexandra Road
Wimbledon, London
SW19 7JY

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
TRUSTEES, REPORT
(INCLUDING DIRECTOR'S REPORTI
The trustees are pleased to present their annual trustees reporttogether with the financial
staternents of the charity for the year ending 31 August 2024. which are also prepared to meet the
requirernents for a directors, report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of
Recommended Practice 8pplicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1
January 20191.
The legal and administrative information set out on Page 3 forms part of this report. The Foundation's
trustees, both current and those who served during the year, are noted on Page 3.
OBJECTIVES AND Ac.I[￿lI
Charltable Object
'To 8dv8nce music educ8tion withln a framework of the 8rts for the benefitof th8 public of the London
Borough ofmerton and elsewhere,.
Ourvlslon
A borough where music resonates along the corridors of every school and echoes throughout the
comrnunity. A place of aspiration where every child can find their first notes, make progress and
flourish as a young musician.
Weaim to be:
Acentre of learning and a musical launchpad, unlockingtalent both now and in the future
An asset to our community and an ambitious supporter of every child's creativity
An inclusive cultural organisation - not just in what we s8y, but also in what we do
To achievethis, we must be DIVERSE:
Dynamic I Inquisitive / Values-Led / Effective l Resilientl Self-Accountable / Engaging
Our Values
Commitment: We always aim for better. We encourage, challenge and support 8ach other.
Courage: We WILI be brave, persevere and take risks together.
Joy: Music is for life - Music is life. Happiness should permeate everything we do.
Our Nisslon
Our rnission is to encourage participation, enjoyment and achievetnent by providing the highest
quality learningopportunities in music and the performing arts.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
Music Hubs
Music Hubs (Hubs) are groups of organisations workingtogether in partnership to deliver high-quality
music provision for all children and young people. Hub partnerships are coordinated by a Hub Lead
Organisation (HLO), that is responsible for supporting, delivering and enabling the work of the Hub.
Music Hubs pl8y a critical role in fulfillingthe vision and goals as set out in the N8tion81 Planfor Music
Education INPMEI, a document originally published in 2011 followinga thorough review of music
education undertaken by Darren Henley and later re-published in 2022 under its new title: 'The Power
of Music to Change Lives,. The Music Hub programme is paid for using Department for Education
funding and overseen by Arts Council England {ACEI.
Hub Laad Organlsation (HLO) Restructure
During 2023-2024, Music Hubs in England underwent a process of reorganization reducing from 117
Hubs in 2023 to just 43 by September 2024via a competitive process. In June 2023, DfE announced
the revised Music Hub geographical areas, which included the creation of a new'London Southwest,
Hub encompassingthe boroughs of Croydon, Hounslow, Kingston, Nerton, Richmond, Sutton and
Wandsworth.
During the year ended 31 Aug 2024, MMF collaborated with existing HLOS across the seven SW
London boroughs to jointly bid to lead the London Southwest Music Hub. The seven services agreed
to create a new company'SWL Music, to act as the HLO to ensure a flatstructure of le8dership in
which each organisation retains its sovereignty. Doing so limited the potential impact of the
retendering process on resources available to the front-line via top-slicing of funding. SWL Music was
incorporated and a Board of Directors appointed, with the Head of Service I Chief Executive of each of
the seven consortium member organisations functioning as the non-voting Executive Leadership
Te8m. 2023-24 was therefore the last year that MMF functioned as a Hub Lead Organisation, from
September 2024 it will be a Local Delivery Partner and Consortium Member of the new Hub.
Performance Framework 2023-24
During 2023-24, MMF undertook a self-evaluation against a newPerformance Framework for Music
Hubs devised by Arts Council England as part of its ongoing Funding Agreement requirements. The
new framework identified seven Performance Areas. Each area was to be scored against the
progressive ratings: 'Developing', 'Emerging', 'Eng8ging' and 'Stretching'.
Performance Areas (and MMF self-assessment, Sept 2023)
Programme of Activity {Stretching)
Quality (Engaging)
Partnerships (Engaging)
Schools (Engaging)
Progression and Musical Development (Engagingl
I nclusion (Stretching)
Sustainability (Engaging)
MMF'S self-evaluation scores were all approved by ACE with no armends. The Performance
Framework will be reviewed and re-published for use by new HLOS in 2024-25.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
National Plan for Music Education 2022 (NPME)
The NPNE introduces three aims and five strategic functions of Hubs, effective from Sept 2023.
Aims:
Support schools and other education settings to deliver high-quality music education
Support young people to develop their musical interests and talent further, including into
employment
Support all children and young people to engage with a range of musical opportunities in and
out of school
Str8tegic Functions:
Partnership.. Take a leading role in building8 SUSt8in8ble, local infr8Structure for high-quality
music education and music-making, in partnership with schools, e8rlyyears 8nd ofher
education providers, communitymusic organisations, and other regional and nationalyouth
music organisations and industry. C8Pture this offer in a Loc81 P18n for Music Educ8tion.
Schools.. Support all state-funded schools in their area through ongoingrelationships to help
them deliver high-qualitymusic education, includinga qualitycurriculum support offer,
specialist tuition, instruments and ensembles,. and 8 broad range of progression routes and
musical experiences forall pupils.
Progression and Musical Development." Support Ghildren and youngp8ople to develop and
progress with music, indulging into national or speci81istopportunities, higher education and
employment, so that the chance to be involved in high-qualirymusic-m8king is shared more
widely in oursociety. Support children andyoungpeople to access th6 wiser world of music,
including live performance and communitymusic.
Inclusion." Drive broad access to music education, so everychild has the opportunity to
participate irrespective of their circumstances. background, where they live or their SEND.
Sustainability. Ensure the strategic, financial, and operational sustainabilityof the Music Hub
by.. (i) supporting a dynamic and well-trained workforce, (li) lever8ging DfE funding to develop
wider investment into youngpeople's music from a range ofsources and revenue streams,. (iii)
beingaccountable and transparent bypublishingplans, needs analysis and impact data,. and
(iv) considering and acting on the Hub's environmental responsibilities.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
2023-24 Partners
The overriding aims of our partnerships continue to be to broaden and increase the opportunities for
music rnakingfor all children and young people in the region, regardless oftheir background or
personal circumstances. to make decisions on the basis of need and raise standards of provision to
the highest levels possible.
2023124 Partners List:
5Aside
ABRSM
AIIEngiand Lawn Tennis
Championships
Attic Theatre
Black Lives in Music
Blues and Roots Ensemble
Canons House /Vestry Hall
Clarion Housing
Crown Lane Studio
Green Arts
Jazz at Lincoln Centre
Kings College School
Lantern Arts Centre
Sing Up
London Music Fund
St John's Church
Merton Abbey Primary School Sutton Music Centre
Merton Council
The Jack Lonergan Foundation
Music Mark
The Sherwood School
National Youth Choirs
The University of Roehampton
New Wimbledon Theatre
Trinity College London
Open Orchestras
Wimbledon Bookfest
Orchestra of the Age of
Wirnbledon Choral Society
Enlightenment
Wirnbledon College
Polka Theatre
Wirnbledon International Music
RAM Productions
FestiV81
Royal Albert Hall
Wirnbledon Community Chorus
Dellvery
Executive responsibility for delivery rests with the Chief Executive and the Senior Leadership Team,
which during 2023-24 was made up of three full-time employees and one part-time employee of the
Foundation and to whom all other employees report either directly or indirectly.
Core team staff support the function of MMFthrough the administration team, stewards and middle
leaders group. They all support the tutor workforce which numbers over 90 tutors from differing
genres and instrumental families.
Volunteers
We continueto work closelywith our parents, charitythe Friends of Merton's Young Musicians
(FMYN). The Friends meet regularly to administer the affairs of their charity, to arrange fundraising
events to support the work of Merton Music Foundation, and to help with concerts and other events
provided by our charity.
During 2023-24 we further developed how MMF works with volunteers by embedding a Duke of
Edinburgh scheme at our Saturday Music Centre, South Wimbledon and implementing a work
experience placement scheme. Two young people joined us during this year on placements for work
experience: supporting us with logistics of preparing instruments forthe new academic year, whilst
also developing their skills and experience in the workplace.
Volunteers supported many of the Foundation's concerts and eventsthis year, notably by acting as
Chaperones to comply with Child Performance Licensing requirernents.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
Delivering Our Charitable Purpose
We h8ve referred to the guidance contained in the Charity Commission's general guidance on public
benefit when reviewing our aim and objectives and in deciding what activities the charity should
undertake for the followingfinancial year.
Senior and middle leaders regularly review the Foundation's progress via its Self-Evaluation and
Improvement framework. Twelve Strategic Priorities (SMART Objectives) are agreed for the year,
m8pped against the three central aims of our Vision. These are then disti118d into an Action Plan
which Is updated and re-published online regularly.
We also regularly review our aims, objectives and activities annu811y through our Local Plan for Music
Education via a Needs Analysis and regular reporting to Arts Council England. The review examines
our achievements and the outcomes of our work over the past twelve months against a Performance
Fr8mework. It also looks at the success of each of the National Pl8n's Str8tegic Functions for Hubs
and the benefits that have been brought to the various groups of people we work with. The review
helps us ensure that our aims, objectives and activities remain focused on our stated charitable
purpose.
Over the course of the year, we have had termly whole staff reviews across the organisation of our
SMART Objectives and three-ye8r self-improvement planning. This has enabled us to embed our
Vision and Values and place that at the core of our charitable endeavors and with investment in our
website, to make this more publicly transparent and visible.
2023-24 marked the end of a three-year improvement planning cycle. Self-evaluation scores
demonstrated progress against all three core aims of MMF'S Vision, with the most significant progress
8g8inst the objective of being'an inclusive culturalorganization- notjust in what we say, but also in
what we do. The averaged overall self-evaluation score rose from '6110, in April 2021 to '8110, In July
2024.
Public Benefit
The Trustees of Merton Music Foundation have complied with the duty in Section 4 of the Charities
Act 2011 to have due regard to public benefit guid8nce published by the Charity Commission.
The Trustees believe that the organisation conforms readily to the public benefit requirements of the
Charity Commission.
The reasons for this belief are characterized by our charitable objective: "To advance music education
within a framework of the arts for the benefit of the public of the London Borough of Merton and
elsewhere" which clearly demonstrates public benefit in advancing and promoting the importance of
rnusic education.
The advocacywork that MMF does is of potentialbenefitto all individuals, schools and its partnership
organisations, by helping to create a learning environment in which live music making can flourish
and be available to participants and audiences in the local community that the charity serves.
The key focus for MMF'S work: music education through a framework of the arts, are both defined
within the Charities Act 2006 as charitable activities and as such both directly benefit the public.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
The main activities of the charity, and those we try to help, are those for children and young people in
and around the London Borough of Merton to whom we aim to provide musical opportunities of the
highest standard.
All the Foundation's projects are centered on children and young people, some of whom are 'hard to
reach,, have additional needs, disadvantaged backgrounds or challenging circumstances.
Financial assistance is notjust limited to students of families whoqualifyfor8SSlStance from the Free
School Meals criteria. The Trustees recognise that there are many barriers young people face to
participation, particularly young people from historically under-represented and marginalised groups.
Mediumllow-income families, above the threshold for income-based benefits are still contending
with the rising cost of living, particularly in London. There is under-representation of people of Black
Heritage, people that identify as LGBTQIA+, and people with additional learning needs in the wider
music industry.
Building on MMF'S 'Be More Charity, initiative, during 2023-24 Trustees approved the creation of 8
new charitable programme: TEMPO Fund (Training, Education, Musical Progression & Opportunity).
TEMPO will be the overarching name given to the Foundatlon's financial asslstance programm8 and
its growing programme of activity to address systemic barriers to participation and historic under-
representation of targeted groups.
The Trustees have therefore satisfied themselves that Merton Music Foundation meets the public
benefit requirements and they confirm that they have taken due regard of the Charity Commission's
general guidance on public benefit.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees forthe Year Ended 31 Aug 2024
Partnerships
During 2023-24, MMF collaborated with its partners on a range of activity for the benefit of Merton
children and young people, including:
Our'music is for Life, Royal Albert Hall schools, concerttook place in March 2024, reaching
almost 1500 children from over 20 Merton schools. This is the first of these concerts the
Foundation has delivered since the COVID pandemic, drawingon inputfrom partners
includingthe Orchestra of the Age of Enlightenment, Blues and Roots Ensemble, RAM
Productions, The Jack Lonergan Foundation, Nationalyouth Choirs and Crown L8ne Studio.
'Mini Musicians, was devised and launched in 10 Merton primaryand special schools. Thls
two-year programme will be delivered in partnership with The University of Roeh8mpton, Sing
Up and Trinity College London, funded by Merton Council, Over 650 children have already
benefitted frorn weekly specialist music teaching and a bespoke Scheme of Learning devised
based on the Sounds of Intent framework. Over 300 children will be studied over the course of
the programme in orderto understand the impact of teaching on their musical and wider
academic attainment.
Provision at Soundwave, Mitcham continued to be developed in 2023-24 in partnership with
The Jack Lonerg8n Found8tion, including fourfully funded free first access class groups
Including music technology and DJ teaching.
The 'Friday Afternoon Blues, project with Kings College Schoolw8s delivered, supporting over
40 children from both KCS and Merton Abbey Primary Schoolto engage in a peer mentoring
project focussed around jazz music and improvisation, culmlnating in performance.
School8
The Foundation maintains excellent relationships with 8ll of Merton's maintained schools and
engaged with 96% of schools during the 2023-24 school year via instrumental andlor whole-c18SS
teaching, CPD or project-work.
Locally, schools face increasing financial pressures and there has been a marked decrease in the
numberof music specialistteachers in Merton schools (currently, c. 200/0 of Merton Primaries have a
music specialist compared to c. 60% in 20151. Nationally, schools have been encouraged to create
School Music Development Plans ISMDPS) in response to the National Plan for Music Education.
MMF worked to support schools on both of these fronts: through regular in person school visits and
CPD I support sessions to audit provision; and via our'ln2Music' whole class teaching programme.
MMF'S first-access provision in schools continues to be delivered in an adaptable way,
encompassing traditional models of Whole-class Ensemble Tuition (WCET, now also known as
Classroom InstrumentaL Learning- CIL) alongside General Musicianship delivery and Planning,
Preparation and Assessment (PPA) release time for teachers. This flexibility helps to ensure wide
participation in the programme and access to specialist provision in settings where this isn't available
in-house, whilst also navigating increasingly stretched school budgets.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
MMF delivered three Primary Music Coordinator Network Meetings lone per term) in 2023-24 and 8
Secondary Heads of Department professional development and networking event in partnership with
Crown Lane Studio. Engagement in these sessions is consistent: 530h of primary music leaders
attend8d at least one session with many school music leaders returning regularly. 47¥0 of primary
school rnusic Leaders didn't engage with these sessions, however in many of these contexts bespoke
training was delivered in-school by MMF. We continue to liaise closely with schools to identify need
and ensure programming is effective.
Progression and Muslcal Development
1954 pupils participated in individual, small group or large grouplclass activities with MMF in 2023-
24. A further 299 children and young people participated in an ensemble duringthistime. The
Foundation delivered or supported whole-class instrumental andlor General Musicianship learning
for 4515 children through weekly lessons of at least one term, with the rnajority participating in MMF-
led direct deliveryforthe full 8cademic year. Approximately5,500 Merton school children
participated in a MMF-led Special Project 2023-24. Therefore, during this year the Foundation
reached an estimated 12,000 young people through its Programme of Activity.
Stand8rds Achieved (pupils receiving individual or group lessons, via MMF):
Entry,. Pre-level 1 RQF I Initial I Prep
Foundation,. Level l RQF / Grade 1-3
Intermediate: Level 2 RQF / Grade 4-5
Advanced: Level 3 RQF l Grade 6 and above
ils for which the standard achieved is unknown
935
571
112
63
273
Total
1954
The Foundation continued to offer a range of Progression Routes to enable children and young people
to'find theirfirst notes, make progress and flourish as a young musician,, in-line with its Vision. This
includes 21 ensembles delivered as part of our Music Centre provision. Ensembles are divided into
strands (guitar, strings, voice, concert band, jazz ensemble, percussion group, rocklpopl, with tiered
levels to enable access and progression for learners of all abilities (beginner, intermediate,
advanced). Music Technology and DJ provision continued to grow at oursoundwave site in Mitcham,
with access to these groups fully subsidized by The Jack Lonergan Foundation. Four new rock & pop
ensembles were created in 2023-24 under a new non-formal learning progression route, called
'Amplity'.
We continue to offer an instrumental hire service to both schools and individuals. C. 1000
instruments were loaned to Merton schools for first-8ccess provision in 2023-24 and 538 instrument
hire contracts were issued to individuals, with typically c. 200 instruments on loan to individuals at
any given time. The Foundation maintains a stock of mostly beginnerand intermediate instruments of
various sizes, enabling learners to upgrade as they progress musically and grow. We continue to off er
financial assistance based on Free School Meals eligibility for instrumental hire.
12

MERTON MUSIC FOUNDATION
Annual Report of theTrustees forthe Year Ended 31 Aug 2024
Inclusion
We continue to prioritise our vision aim to be 'an inclusive cultural organization- notjust in what we
say, but also in what we do,. Specific objectives linked to this in 2023-24 were.. to review the
Foundation's Financial Assistance offer; to diversify MMF'S ensemble provision; to expand on
subsidised and free-to-access programmes at Soundw8ve Music Centre in the East of the borough;
and to meaningfully incorpor8te Youth Voice into strategic planning around environmental
sustainability. Good progress was made against all these objectives, as outlined in our 2024-25
Action Plan.
We planned and launched'mini Musicians, this year, in partnership with Merton Council, Sing Up and
The University of Roehampton. This innovative KS1 teaching programme will be delivered in 10 Merton
primary and specialschools over a two-year period reaching c. 650 children and encompassing a
significant research study looking8t pupils, musical and wider academic attainment. A bespoke
Scheme of Learning has been developed by MMF, based on the Sounds of Intent inclusive framework
of rnusical development and incorporating oracy-informed pedagogical approaches. Pupils will learn
to playthe melodica in groups and work tOW8rds achieving a TrinityAwards and Certificates In
Musical Development IACMDI inclusive accreditation. The programrne was successfully delivered
with many key le8rnings 8lre8dy supporting the Foundation's wider approach to inclusion.
Ouryouth Council led on the delivery of 8 Summer festival event, showcasing performances from
rocklpop youth acts, including young musicians who are external to MMF provision. This approach of
facilitating and celebrating non-formal and youth-led music making is an important new str8nd to our
provision and further supports best inclusive practlce at MMF.
During 2023-24, a working group of core staff was established to review the Foundation's recruitment
policyand interview matrix, to ensure inclusion is embedded atthe heart of these processes. A new
interview matrix was developed and has been deployed, ensuring questioningduring and information
before interviews is clear. accessible and ensures fairness to all candidates whilst adhering to the
necessary levels of scrutiny under our Safer Recruitment process.
Sustalnablllty
To better support the Foundation's inclusion aims and ensure longterrn financial sustainability,
during 2023-24 we established a newcharitable fund in response to ourfinancial assistance r8view
8nd continued efforts under an initiativeto'Be More Charity.. TEMPO Fund {Tr8ining, Education,
Musical Progress & Opportunity) was created with three core strands: continuing to off er a means-
based discount at source (now to be known as 'TEMPO Fund Discount Scheme, previously'Trust
Fund'l. establishing a series of Access and Progression Programmes, to address historic under-
representation of key groups of people; and supportingthe Foundation's ambitious programme of
Special Projects and events. MMF was fortunate to be one of the Nayor of Merton's nominated
charities in 2024, raising £10k to be put straight toward the newfund. Trustees are excited to see
meaningful impact of the new fund in 2024125 and beyond.
The Foundation's Youth Council were tasked with leading on the development of an Environmental
Sustainability strategy, which was presented to trustees by these young people at a meeting of the
Board. The strategy and action plan have been implemented with regular reviews to take place in
13

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
2024125, with continued involvement of the Youth Council in oversite of this important work and
management of a new sustainability budget.
We were successful in running a crowdfunding campaign, linked to our Royal Albert Hall schools,
concert event, which raised over £5k to enable families from low incomes to attend the event and
support their child /young person.
We continued to deliver a programme of workforce development and training, including our annual
Tutor Conference event in September, termly peer-led training and networking events, lesson
observations and a new peer learning programme for tutors. Core staff received termly INSET training
sessions and individual tailored training8nd support, includingregular'professional conversations,
withtheir line manager. In the context of a shrinking music educationworkforce, the Foundation has
begun planning around 8 new'routes into industry, strand of provision, to support the next generstion
of rnusicians into roles as performers, composers, educators and backstage l industry positions.
Future Plannlng
We Gontinue to review 8nd revise our Self-Evaluation and Improvement Plan and yearly Action Plan
documents, in response to need. 2024-25will be a period of great change forthe organisation, both in
terms of the nation8l reorganisation of Music Hubs and due to the planned retirement of th8
Foundation's Chief Executive. Trustees lookforward to continuingto develop and adapt the
Foundation's strategic planning, activities and provision to ensure it meets its charitable objectives,
guided by its vision for Movingmusic Forward in Merton.
Other Prlorltles Include
Over the coming year, we will continue to develop our non-formal progression route, 'Amplify',
through increased participation in new rocklpop provision, workwith our Youth Council and
development of youth-led and open-mic performance opportunities. We aim to broaden this
provision to incorpor8te a more developed 'routes into industry, strand, including signposting and
career development opportunities for young people.
Environmental sustainability is an emerging priorityfor the Foundation, with initial priorities being
around auditing and understandingthe environmental impact otour activities and possible areas for
improvement.
Continued development and integration of our Youth Council remains a priority going forward,
ensuring that this group is representative of our community and authentically empowered to lead
organisational change.
Completing delivery of the 'Mini Musicians, on-budget will be an ongoing priority in 2024125, with our
thoughts turning tOW8rd legacy planning and wider dissemination ot learnings from this impacttul and
highlysuccessful programme.
The Foundation will pilot an open access live electronic music group in 2024-25 as part of a project
called 'Resonance Ensemble,. This new group will enable learning about best inclusive practice to be
cascaded throughout MMF'S programming and foster impactful new partnerships to develop the
Foundation's inclusion agenda.
14

MERTON MUSIC FOUNDATION
Annual Report of the Trustees forthe Year Ended 31 Aug 2024
Income & Expenditure
Merton Music Foundation enjoyed anothersuccessfulyearwitha continued increase in
instrumentauvocal lessons, large group/class participation and ensemble membership numbers.
Turnover rose 230/0 to £1,818.300 from £1,475,558 during the previous year as a result of increased
partlCiP8tion, fundraising strategies and income from the Mini Musicians project. As turnover
increased, total expenditure ofthe charity increased as well from £1,475,011 to £1,831,629, an
increase of 24%. There was a deficit of £13,329 at the end of the year. Restrict8d funds fell to £876
from 21,839.
Flnanclal Posltlon at Year-End
The net assets of the charity remain at a healthy £211,793. This is a slight r8ductlon from last ye8r's
figure of £226,640. The current net assets stand at £185,009 {previous year - £197,658). Cash
balances showed a decrease at the year-end to £302,589 from £364.391 at the previous year-end.
The financial position at the 31 August 2024 remains strong.
15

MERTON MUSIC FOUNDATION
Annual Report of the Trustees forthe Year Ended 31 Aug 2024
TR
Governing Document
Merton Music Foundation is a charitable company limited by guarantee, incorporated on 12 March
1991 and registered as a charity on 11 September 1991. The company was established under a
Memorandum of Association, which established the objects and powers of the charitable company
and is governed under its Articles of Association. None of the trustees has any beneficial interest in
the company. All of the trustees are members of the company and guarantee to contribute £1 in the
event of a winding up.
The trustees, who are also directors forthe purpose of company law. and who served during th8 year
and up to the date of signature of the financi81 statementswere:
Edward Hickman
Emma Trevelyan
18n Bond
Kenisha Fuller18ppointed 25 November 2024)
Klngsley Green
Manish Solanki
Mi8 Liy8nage
Nicky Morgan (resigned 8 July 2024)
Prrajesh Varath8n (appointed 25 November 2024)
Rowena Maybury
Sandra Vogel (resigned 8 July 2024)
Sebastian Jones
Trust88 Induction and Trainlng
New trustee induction includes briefingthem on their legal obligations undercharity and company
law, the content of the Memorandum and Articles of Association, the committee and decision-
making process, the Local Plan for Music Education and recent financial performance of the ch8rity.
During the induction process, they meet key employees and the other trustees. All trustees are
encouraged to attend appropriate external training eventsto developtheir understand oftheir roles
as trustees 8nd must complete regular Child Protection & Safeguaidingtraining. New trustees are
also given relevant documentation including recent important docurnentation on music education,
management financial reports, meeting minutes and copies of the charity's annual Reports and
financial statements.
16

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
Related Parties and Co-operation with Other Organisations
MMF works closely with the Friends of Merton's Young Musicians IFMYM} (Charity No. 274493RI.
FMYM is the parents, association for our Music Centre activities, which are based at Merton Abbey
Primary School. The Chief Executive serves in an ex-officio non-voting capacity on the management
committee of FMYM.
Organlsation
The Board of Trustees meets termly to manage the aff airs of the charity. The Board consisted of ten
directors, from a variety of professional backgrounds, who are responsible for the overall strategic
direction and policy of the charity. The Chief Executive manages the day-to-day oper8tions of the
charity, and as a deleg8ted authority, Wlthin the terms of delegation approved by the trustee body, for
operational matters including finance. employment and artistic related activity.
RlskManag8ment
The Trustees have a risk management policy, which comprises an annual review of the risks the
charity rnay f8ce and establish8S Systems and procedures to mitigate those risks identified.
Chlld Protectlon & Safeguardlng
Safeguardingof children and young people is one ofthe Board's prlmaryconcerns. Merton Music
Foundation adopts the current Safeguarding requirements as set out in Keeping Children Safe in
Education IKCSIEI and other relevant policy documentation, in-line with best pr8Ctice adopted by
Merton schools. This is achieved via the Foundation's Safeguarding Policy, which is updated 8t least
annually in accordance with n8tional and local guidance.
The Foundation implements a rigorous Safer Recruitment policyand procedure which ensures
8ppropriate vetting of all staff that will undertake Regulated Activity in relation to children and those
that may work in an administrative capacity from a Designated Pr8mises, such as a school. This
Includes obtaining proof of identity, address and residence statuslright to work; a full employment
8nd education history from age 18. all personal details including any previous a names; two
satisfactory references; verification of any qualifications, as appropriate to the role; and a criminal
history declaration. Applicants are asked relevant questions to ascertain their physical 8nd mental
suitability to work in schools; online searches" and an Overseas Police Check, if appropriate.
HeaLth and Safety
Ensuring the health and safety of staff, students, volunteers andvisitors is also a priority for trustees.
Core Staff undertake First Aid and Fire Marshall training and are subjectto a health and safety briefing
upon induction alongside regul8r reminders I top-ups. All staff are made aware of their own duties
and responsibilities for health and safety issues via the Staff Handbook and all regular and one-off
activity is risk assessed under the Foundation's Health and Safety Policy.
Auditor
In accordance with the company's articles, a resolution proposing that WSM Advisors Limited be
reappointed as auditor of the companywill be putat a General Meeting.
17

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
Disclosure of Informatlon to Auditor
Each of the Trustees has confirmed that there is no information of which they are aware which is
relevant to the audit. but of which the auditor is unaware. They have further confirmed that they have
taken appropriate steps to identify such relevant information and to establish that the auditor is
aware of such information.
ACE
Arts Council England
DfE
Department for Education
HLO
Hub Lead Organisation
Hub
Music Hub l Music Education Hub
LDP
Local Delivery Partner
MMF
Merton Music Foundation
NPME- National Plan for Music Education
SEIP
Self-Evaluation and Improvement Plan
SEND - Special Educational Needs 8ndlor Disabilities
The trustees, report was 8pproved by the Board of Trustees.
Edward Hickman
Trustee
Dated: 23 June 2025
18

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
MERTON MUSIC FOUNDATION
Statement
The Trustees, who are also the Directors of Merton Music Foundation for the purpose of company law,
are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Pr8Cticel.
Company Law requires the Trustees to prepare financial statements foreach financialyear which give
a tru8 and fair view of the st8te of aff airs of the charitable company and of the incoming resources
and appllcation of resources, including the income and expenditure. of the charitable company for
that year.
In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
obseNe the methods and principles in the Charities SORP;
rnake judgements and estimates th8t are reasonable and prudent
state whether appliable UK Accountingstandards have been followed, subjectto any m8terial
departures disclosed and explained in the financial statements; and
prep8re the financial statements on the goingconcern basis unless it is inappropriate to
presume that the charitable company will continue In operation.
TheTrustees 8re responsible for keeping adequate accounting records that disclose with reasonable
accuracy at anytime the financial position of the charitable cornpany 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 r8880nable steps for the
prevention and detection of fraud and other irregularities.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF MERTON MUSIC FOUNDATION
Opinion
We have audited the financial statements of Merton Music Foundation (the 'charitable company'l for
the year ended 31 August 2024 which comprise the statement offinancial activities, the balance sheet,
the statement of cash flows and notes to the financial statements, including Significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law
and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion, thefinanclal statements:
give a true and fair view of the state of the charitable company's affairs 8s at 31 August 2024 and
of its incoming resources and application of resources, for theyearthen 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.
Baslsfor oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs {UKI) and
applicable law. Our responsibilities under those standards 8re further described in the Auditor's
responsibilities for the audit of the financial statements Section of our report. We 8re independent of
the charitable company in accordance with the ethical requirements that are relevant to our audit of
thefinancial statements in the UK, includingthe FRC'S Ethicalstandard, and we havefulfilled ourother
8thic81 responsibilities in accordance with these requirements. We believe th8t the audit evidence we
have obtained is sufficient and 8ppropriate to provide a basis forour opinion.
Concluslons relatlngto golng concern
In audlting the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charitable
company's ability to continue as a going concern for a period of at least 12 months from when the
fin8nci81 statements are authorised for issue.
Our responsibilities and the responsibilities of the Trusteeswith respectto going concern are described
in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other information
contained within the annuaL report. Our opinion on the financial statements does not cover the other
20

MERTON MUSIC FOUNDATION
Annual Report of the Trustees fortheyear Ended 31 Aug 2024
information and, except to the extent otherwise explicitly stated in our report, we do not express any
form of assurance conclusion thereon.
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
course of 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 this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
pertormed, we conclude that there is a material misstatement of this other information, we are
required to report that fact.
We have nothingto report in this regard.
Oplnlons on other matters prescrlbed by the Companies Act2008
In our opinion, based on the work undertaken in the course of the audit:
the Information given in the trustees, report , which includes the directors, r8POrt prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistentwith the financial statements; and
the directors, report included within the trustees, report has been prepared in accordance with
applicable legal requirements.
Malters on whlch we are requlred to report by exceptlon
In the light of the knowledge and underst8nding of the charit8ble company and its environment
obtained in the course of the audit, we have not identified material misstatements in the directors,
report included within the trustees, report.
We have nothing to report in respect of the following matters in re18tion to which the Companies Act
2006 requires us to report to you if, in ouropinion:
adequate and proper accounting records have not been kept, or returns adequate for our audit have
notbeen received from branches notvisited 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; or
the Trustees were not entitled to prepare the financial statements in accordance wlth the small
companies regime and take advantage of the small companies, exemptions in preparing the trustees,
report and from the requirement to prepare g strategic report.
Responsibilities of Trustees
As explained more fully in the statement of trustees, responsibilities [set out on page 19], the Trustees,
who are also the directors of the charitable company for the purpose of company law, are responsible
forthe preparation of the financial statements and for being satisfied that they give a true and fair view,
21

MERTON MUSIC FOUNDATION
Annual Report of the Trustees forthe Year Ended 31 Aug 2024
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 charltable
company's 8bility to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unlessthe Trustees either intend to liquidate
the charitable company 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 stat8m8nts as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes ouropinion. Reasonable assurance is a high level of assurance but is not a gu8rantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when It
exists. misstatements can arise from fraud orerror and are considered material if, individuallyor in the
aggregate, they could reasonably be expected to influence the economic decisions of users t8ken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of irregularities, including fraud. The extent to which our procedures are capable of detecting
i rregula rities, includ ing fraud is detai led below:
We 8V8luated man8gement's incentives and opportunities for fraudulent manipulation of the financial
staternents (including the risk of override of controls) and determined that the principal risks were
related to management bias in accounting estimates and posting inappropriate journal entries to
manipulate the fair value of the company's assets.
Our tests included agreeing the financial statement disclosures to underlying supporting
docurnentation where relevant, review of Directors meeting minutes, enquiries with management as
to the risks of non-compliance and 8ny instances thereof, challenging assumptions and judgments
rn8de by management, and identifying and testing journal entries, in particular 8ny journal entries
posted with unusual account combinations. Our audit procedures also focused on laws and
regulations that could give rise to a material misstatement in the financial statements, including, but
not lirnited to, the Companies Act 2006.
Our audit procedures were designed to respond to risks of material misstatement in the financial
staternents, recognising that the risk of not detecting a material misstatement due to fraud is higher
than the risk of not detecting one resulting from error, as fraud rnay involve deliberate concealment by,
for example, forgery, misrepresentations or through collusion. There are inherent limitations in the
audit procedures performed end the further removed non-compliance with laws and regulations is
from the events and transactions reflected in the financial statements, the less like we are to become
aware of it.
A further description of our responsibilities is availabLe on the Financial Reporting Council's website at:
www.frc.orE.uklauditorsresponsibilities.
This description forms part of our auditor's report.
22

MERTON MUSIC FOUNDATION
Annual Report of the Trustees forthe Year Ended 31 ALtg 2024
Use of our report
This report is made solely to the charitable companws members. 8s a body, in ar.rnrdance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might
state to the charitable company's members those matters we are required to state to them in an
auditor's report and for no other purpose. To the fullest extent pertnitted by law, we do not accept or
assume responsibility to anyone other than the charitable company and the charitable company's
IiieiTILJeis as a body, for our audit work. foi this report, or for the opinion3 we havc formcd.
Michael Spink ACA (Senior Statutory Auditor)
for and on behalf of WSM Advisors Limited
Date: 23 June 2025
Chartered Accountants
Statutory Auditor
Connect House
133-137 Alexandra Road
Wimbledon
London
SW19 7JY
23

MERTON MUSIC FOUNDATION
Annual Report of theTrustees forthe Year Ended 31 Aug 2024
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
Forthe Year Ended 31 August 2024
Unrestricted Restrlctad
Funds
Funds
2024
2024
Total
Total
2024
2023
Notes
Don8tions & leg8cies:
8,687
8,687
9,693
Cha ritable activities:
1,559.516
242,642 1,802,158 1,465,671
Investments:
7,455
7,455
194
Total Incom8:
1,575,658
242,642 1,818,300 1,475,558
Expendltur￿L.
Cha ritable activities
1,831,629
1,831,629 1,475,011
Net loutgolng)Ilncomlng resources
before transfers
{255,971)
242,642
{13,329}
547
Gross transfers between funds
242,642 1242,6421
Net {expendlture)Ilncome for the
year l Net movement In lunds
(13,3291
(13,3291
547
Fund balances at 1 September2023
224,246
876
225,122
226,093
Fund balances at 31 August 2024
The statement of financial 8Ctivities includes all gains and losses recognised in the year. All income
and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and
expenditure account under the Companies Act 2006.
24

MERTON MUSIC FOUNDATION
Annual Report of the Trustees forthe Year Ended 31 Aug 2024
BALANCE SHEET
MERTON MUSIC FOUNDATION
As at 31 August 2024
Notes
2024
2023
Flxed Assets
Tangible assets
26,784
28,982
Current assets
Debtors
10
31,564
14,688
Cash at bank and in h8nd
302,589
364,391
334,153
379,079
CredStors: amounts lalllng due
wllhln one year
11
(149,1441
1181,421}
Net current assets
185,009
197,658
Total assets less current
liabilitias
211,793
226,640
The funds of the charltable
company
Restricted income funds
12
876
1,839
Unrestricted funds
13
210,917
224,801
211,793
226,640
The financial statements were approved by the Board of Trustees on 23 June 2025.
Edward Hickman
Trustee
Company registration number 02590621 (England and Wales).
25

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
STATEMENT OF CASH FLOWS
MERTON MUSIC FOUNDATION
For the Year Ended 31 August 2024
Notes
2024
2023
Cash flows from operatlng
activities
Cash labsorbed byllgenerated
from operations
20
{63.2381
51,954
Investlng actlvlties
Purchase of tangible fixed assets
16,019)
{3,2341
Interest recelved
7,455
194
Net cash generated froml(used
In) Investlng actlvltles
1,436
(3,0401
Net cash used In flnanclng
actlvltles
Net (decrease)Ilncrease In cash
and cash equivalents
{61,802)
48,914
Cash and cash equivalents at the
beginning of year
364,391
315,477
Cash and cash 8qulvalents at end
of year
302,589
364,391
26

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
NOTESTO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1. Accounting Policies
Charity Information
Merton Music Foundation is a private company limited by guarantee incorporated in England
and Wales. The registered off ice is clo Merton Abbey School, High Path, London, SW19 2JY.
1.1 Accountlng Convention
The fin8ncial statements have been prepared in accordance with the charitable company's
governing document, the Companies Act 2006 and "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 IFRS 1021 (effective 1 January 2019)". The charltable company
IS 8 Public Benefit Entity as defined by FRS 102.
The financial statements 8re prepared in sterling, which is the functional currency of the
charitable company. Monetary amounts in these financial statements are rounded to the
nearest £.
The financial statements have been prepared under the historical cost convention. The
principal accounting policies adopted are set out below.
1.2 Golng Concern
At the time of approving the financial statements, the Trustees have a reasonable expectation
that the charitable company has adequate resources to continue in operational existence for
the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of
accounting in preparing the financial statements.
1.3 Incoming Resources
Incoming resources represents tuition fees, income frorn concerts, tours, hire of instruments,
music centre subscription and other fees rendered in the year. Income is recognised when the
charitable company is legally entitled to it after any perforrnance conditions have been met,
the amounts can be measured reliably, and it is probablethatincome will be received.
Cash donations are recognised on receipt. Other donations are recognised once the
charitable company has been notified of the donation, unless performance conditions require
deferral of the amount. Income tax recoverable in relation to membership received under Gift
Aid or deeds of covenant is recognised at the time of the receipt.
27

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
1.4 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct
costs and shared costs. including support costs involved in undertaking each activity. Direct
costs attributable to a single activity are allocated directly to that activity. Shared costs which
contribute to more than one activity and support costs which are not attributable to a single
activity are apportioned between those activities on a basis consistent with the use of
resources. Central staff costs 8re allocated on the basis of time spent, and depreciation
charges are allocated on the portion of the asset's use.
Direct charitable expenditure includes all expenditure directly related to the objectives of the
charitable company and comprises the costs of providing instrurnental tuition, concert
performances, tours, and education and community projects undertaken by the charitable
CQrnP8ny and is 8ccounted forwhen payable.
Certain other costs, which are attributable to more than one 8Ctivity, are apportioned 8cross
cost categories on the basis of an estimate of the proportion of time spent by staff on those
activities.
Govern8nce coats
Governance costs represent expenditure incurred in the management of the charitable
cornpany's assets, organisational administration and compliance with constitutional and
statutory requirements.
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or
valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual
values over their useful lives on the following bases:
Musical instruments
Computer equipment
Office equipment
25% on reducingb8lance basis
25% on reducing balance basis
25% on reducing balance basis
28

NERTON MUSIC FOUNDATION
Annual Report of the Trustee5 for the Year Ended 31 Aug 2024
The gain or loss arising on the disposal of an asset is determined as the difference between the
sale proceeds and the carrying value of the asset. and is recognised in the statement of
fi nancial activities.
1.6 Impairment of flxed assets
At each reporting end date, the charitable company reviews the carrying amounts of its
t8ngible assets to determine whether there is any indication that those assets have suffered
an impairment loss. If anysuch indication exists, the recoverable amount of the asset is
estimated in order to determine the extent of th8 impairm8nt loss (if any).
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at callwith banks and other
short-term liquid investments with original maturities of three months or less.
1.8 Financlal In8trum8nts
The charitable company has elected to applythe provisionsof Section 11 '8asic Financial
Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its
financial instruments.
Fin8nci81 instruments are recognised in the ch8ritable company's balance sheet when the
charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are off set, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Baslc flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present V81ue of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year 8re not amortised.
Basic financial liabllities
Basic f i nancial liabilities, including creditors are initially recognised at transaction price unless
the arrangement constitutes a financingtransaction, where the debt instrument is measured
at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
29

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
Trade creditors are obligations to pay for goods or services that have been acquired in the
ordinary course of operations from suppliers. Amounts payable are classified as current
liabilities if payment is due within one year or less. If not, they are pr8sented as non-current
liabilities. Trade creditors are recognised initially at transaction price and subsequently
measured at amortised cost using the effective interest method.
1.9 Fund Accountlng
The funds held by the charitable company are either:
Restrlcted funds - these are funds that can be used for particular restricted purposes within
the objects of the charitable company. Restrictions arise when specified by the donor or when
funds are raised for particular purposes.
Unrestrlcted general funds - these are funds which can be used in accordance with the
ch8ritable objects at the discretion of the trustees.
Deslgnated funds - these are funds set aside by the trustees out of unrestricted gener81 funds
for specific future purposes.
The funds received in the year are transferred to the generalfund to be set off against
expenses in the year that relate to the agreed activities with Arts Council England.
Peter Woodlng's bursary fund
These funds have been designated by the charitable companyto support exceptional young
musicians atthe request of Peterwooding's family. The fund was est8blished with donations
made to the charitable company. The charitable companyheld sufficient cash balances at
the year end to allowthe funds to be applied as intended.
Arts Councll England Funding
The charitable company received a grant in the yearfrom the Arts Council England. According
to the Funding Agreement, the use of the grant is restricted to the 8greed activities with the
Arts Council. The grant is recognised in the accounts when they are received and 8pplied to
the period it relates to.
Dorothy Taylor Bequest
The charitable company received restricted funds within the current year to support one girl
and one boy in their musical studies for the period of 4 years at the request of the late Dorothy
Taylor.
Arts Council England 'Grants forthe Arts.
The charitable company received restricted funds within the current year to support its
Change is Coming project.
30

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
2. Critical accountlng estimates and judgements
In the application of the charitable company's accounting policies, the Trustees are required
to make judgements, estimates and assumptions about the carrying amount of assets and
liabilities that are not readily apparentfrom other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to be
relevant. Actu81 results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimat8 is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revlsion affects both current and future periods.
3. Donatlons and legaclas
2024
2023
Donations 8nd gifts
8,687
9,693
31

7J J

5. Charitable activities
Staff Depreciation Direct Costs
Allocate
CO8t$
2024
Total
2024
Total
2023
2024
2024
2024
Instrumental tuition
Youth musi¢ programme
Tours and Concerts
Professional advice
and support
CPD trainlng
Project dev91opm8nt
Instrument repair and hire
221.438
171.711
61.983
678.350
261,633
226,786
33,282
8.321
8.321
933.070
441.665
297.090
736,077
441,336
145,949
7.430
6.907
68.565
4.160
4.160
8.321
8,321
11,590
11,067
76,886
9,900
10,763
10,256
73,542
10,611
1,579
538,034
1,168,348
74.886
1,781,268
1,428,534
Share of support costs
IseB note 61
Share of govarnance
costs (see not8 6
16.384
8,218
830
8.321
33,753
33,507
16.608
16,608
12,970
554.418
8,218
1.185.786
83,207
1,831,629
1,475,011
6. Support costs
Support
Other costs
2024
2023
S818ri88
Pension costs
Bank charges
Depreciatlon
Allocated support
Audit and accountancy fee
15,440
944
829
8,218
8.321
15.440
944
829
8,218
8,321
16.608
14.583
904
1,260
9,658
7,101
12,970
16.608
33.752
16,608
50,360
46,476
Governance costs includes payments to the auditors of £16,608 {2023: É12,9701 for audit fees.
These costs are wholly attributable to charitable activities and are allocated based on the
trustees, estimate of the appropriate proportion attributable to each activity.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
7. Employees
Number of employees
Th8 8v6rage monthly numbefof employees duringthe yearwas:
2024
Number
2023
Number
Number of employees
43
40
W8ge5 and salaries
Social security costs
Other pension costs
592,605
49,382
73,941
593,772
45,010
66,136
715,928
704,919
Thè number ol employ8es whose annual remuneratlon was £60,000 or more
were..
2024
Numb•r
2023
Numbor
£60,000 to £70.000
£70,000 to £80,000
£80.000 to £90,000
£90.000 to £100,000
Those employees whose emoluments exceeded £60,00012023: 3 employees) also have
retirement benefits accruing under defined benefit Pension schemes. A total of £49,794
12023: £43,974) was paid to the Teachers, Pension Scheme in the year for these
8mpLoyees.
8. Taxation
The charitable company is exempt from corporation tax on its charitable activities.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
9. TanglbLe fixed assets
Mus4c•l
Instrument•
Computar
oquipm8ni
Olll¢•
•qulprn¥nt
Total
Cost
At 1 September 2023
Additions
229.530
2.130
51.867
3,889
34,852
316,249
6,019
At 31 August 2024
231,660
55,758
34.852
322,268
Depreclatlon and Impalrmont
At 1 S8Pt6mber 2023
Depreciation charged In the year
211.835
4,424
44,201
2,889
31,230
905
287,266
8,218
At 31 August 2024
216,259
47,090
32,135
295.484
Carrylng amount
At 31 August 2024
15,401
8.666
2,717
26.784
At 31 August 2023
17,695
7.666
3,621
28.982
10. Debtors
2024
2023
Amounts falllng due wlthln one year:
Trade debtors
Other debtors
Prepayments 8nd accruéd Income
3,950
27.134
480
3,012
11,676
31,564
14,688

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
11. Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Deferred income
Trade créditors
Oth8r creditors
Accruals
12.293
82.998
32,897
1,391
19,585
10,703
116,517
31,329
1,211
21.661
149,144
181.421
Deferred income relates to deposits and fees paid in advance for the following year.
12. Restrlcted funds
The income funds of the charitable company include restricted funds comprlsing the following
unexpended balances of donations and grants held on trust for specific purposes:
B•l•nc• •¢
1 S•w•mb•r
2022
R••ourc••
8*l•n¢•ai
•xp•nd•fl 1 S•pt•mb•r
2023
R•iour¢•i
•xpend•d
B•ianc• •t
31 Auqult
2024
Dorothy Taylor Bequest
Greenwood Bursary
3.405
9.567
11.5661
19.5671
1,839
19631
876
12,972
111.1331
1.839
19631
876
Arts Council England {ACE) made a grant available to thecharitable comp8ny duringthe year.
The use of the grant has no specific restrictions; howeverthe funding is subject to the
charitable company delivering the agreed activities within the core roles and extension roles of
the National Plan for Music Education as highlighted within the Trustees, Report. The funds
received in the year have been transferred to the generalfund to be set off against expenses in
the year that relate to the agreed activities with ACE.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees forthe Year Ended 31 Aug 2024
13. Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and
grants which are not subject to specific conditions by donors and grantors as to how they may
be used. These include designated funds which have been set aside out of unrestricted funds
by the trustees for specific purposes.
At1
Septembér
2023
Incomlng
resources
Rfr$our¢e$
oxpended
Transter At 31 August
2024
Peter Woodings Bursary
General funds
2,980
221.265
15541
1.575.658 11,831.0741
2.426
208,491
242,642
224.246
1,575,658 11,831.6291
242,642
210,917
Prevlous yo01:
At1
S•pt8mber
2022
Incomlng
resources
Ro>our¢g$
expended
Tran8for At 31 Augujt
2023
Peter Woodings Bursary
Gen8ral funds
5,445
218,809
12.4651
1.248.975 11.472.5461
2,980
221,821
226.583
224.254
1.248.975 11,475.0111
226,583
224.801
14. Analysls of net assets between funds
Re8trl¢tod Unrestrictad
lunds
tund8
2024
2024
Total Restrlcted Unr•strl¢tod
funds
funds
2023
2023
Total
2024
2023
Fund balances at
31 August 2024
are represented
Tangible assets
Current assetsllliabilitiesl
26,784
184.133
26,784
185.009
28,982
197,658
876
1,839
195,819
1.839
209,952
211.793
1,839
195,819
226.640
15. Financial commitments, guarantees and contingent liabilities
The liability of the members is limited. Every member undertakes to contribute an amount not
exceeding £1 tothe assets of the company, in the event of the company beingwound up whilst
they are 8 member, or within one year after ceasing to be a member, for the payment of the
debts and liabilities of the company contracted before ceasing to be a member.

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
16. Operating lease commitments
At the reporting end date the charitable company had outstanding commitments for future
minimum lease payments under non-cancellable operating leas8s, which fall due as follows:
2024
2023
Withln on8 year
Between two and five y88rs
18,000
18.000
18,000
38,000
36,000
54.000
17. Related party trans8Ctlons
None of the trustees lor any persons with them) received and remuneration or benefits from
the ch8ritable company duringthe year.
18.T8achers' Penslon Scheme
The charity partlCIP8tes in the Teachers, Pension Scheme (England and Wales) (the TPSI, for its
teaching staff. The pension charge for the year includes contributions payable to the TPS of
£67,85812023 . £61,837).
The TPS is 8n unfunded multi-employer defined benefits pension scheme governed by the
Teachers, Pensions Regulations 2014. Members contributeon a'pay as you go basis with
contributions from members and the employer being credited to the Exchequer. Retirement
8nd other pension benefits are paid by public funds provided by Parliament.
The employer contribution rate is set following scheme valuations undertaken by the
Government Actuary's Department. The latest actuarial valuation of the TPS was prepared as
at 31 March 2016, and the valuation report, which was published in September 2019. The
employers contribution rate increased to 23.68¥0. Employers are also required to pay a
scheme administration levy of 0.08% giving a total employer contribution rate of 23.760/0. This
valuation will aLso determine the opening balance of the cost cap fund and provide an analysis
of the cost cap as required by the Public Service Pensions Act 2013.

MERTON MUSIC FOUNDATION
Annual Report of the Trustee5 forthe Year Ended 31 Aug 2024
19.An8lysis of changes in net funds
The charitable company had no material debt duringthe y88r.
20. Cash generated from operations
2024
2023
IDef icltllsurplus for the ye8r
113,3291
547
Adjustrn8nts for..
Inv8Strn8nt income recognised in statement of flnan¢ial actlvltles
Depreciation and impairment of tangible fixed assets
Movement in designated restricted funds
Movement In design8ted unrestricled funds
17,4551
8,218
19631
15541
11941
9.658
111,133
12,4651
Movement5 in working
capltal: Ilncr8asel in debtors
Increas8lld8creasel in creditors
IDecr8aselllncrease in dèferred Income
116.8781
1.242
133,5191
19,5611
115.7841
80,886
Cash {8bsorbod by)Igengraled from op8rallon8
163,2381
51,954

MERTON MUSIC FOUNDATION
Annual Report of the Trustees for the Year Ended 31 Aug 2024
Merton
(Omusic
Foundation
4.
41$
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