CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1 September 2023 Period start date To 31 August 2024 Period end date Charity name:South Derbyshire Music Trust Charity registration number:1008568 Objectives and Activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in its governing document The object of the Trust is to promote the development of music making opportunities for people in South Derbyshire and surrounding areas. It wlll do this by. amongst other things, making available music experiences through the provlsion of musical and concert opportunities and making available musirAI instruments where necessa Provlsion of regular ensemble rehearsals for instrumentalists and singers to further their muslcal abllity and concerts and workshops throughout the year to demonstrats their achievements. Summary of the main actiVEties in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Statement confinning whether the trustees have had regard to the guidance issued by the Charity Commission on public benefrt Para 1.17 and 1.19 Para 1.18 Charity Commission guidance is reviewed and discussed at Trust meetings where appropriate. Additional infomiation (optional) You ma choose to include further statements where relevant about: SORP refergnix Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Volunteer parent helpers are invaluable in the week to week running of the Para 1.38 centre and in providing additional man ower at concerts. Other Achievements and Performance SORP thrence Through its range of ensembles and choirs, children and young people are able to develop their music skills according to their ability. As well as improving their music skills they also learn life skills such as commitment, discipline and teamwork. Provision is made for pupils who require financial support and instruments are available for students to loan. Students are able to perforni in many different types of venue providing musical enrichment to the general public both locally and further afield. Summary of the main achievements of the charrty, identifying the difference the charity's work has made to the circumStan￿S of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Addltional Inforniation (optional) You ma Choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Perfomiance of fundraising activities against objectives set Para 1.41 Investment performan against objectives Para 1.41 Other Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Parn 1.21 A loss of £1,963 was incurred in the 2023124 financial year. Para 1.22 A reserve is maintained to protect against unforeseen events. Para 1.22 Para 1.22 £sooo Not applicable Para 1.24 There are no funds in deficit Para 1.23 Musical education In schools remains weak. This impacts on the number of children attending the centre. Additional infomiation (optlonal) You ma choose to include further statements where relevant about: Government grant administered by Derbyshire Music Hub which varies according to the number of students and achievlng objectlves agreed wlthin a Service Level AgreemenL Additional funding is provided by weekly fees paid by students, concert ticket sales and donations. The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 The principal risk would be the cessation of the government funding either as a result of a change of policy or inadequate footfall at Centre to qualify ft>r a granL A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charity's trusts: Type of goveming document How is the chanty constituted? South Derbyshire Music Trust Trust Deed Para 1.25 Para 1.25 Unincorporated association "ated Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trustees are recruited from parent helpers and contacts of the organisation or specialisms useful to the TrusL Appointsnent is at any termly Trust Meeting in accordance with the provisions of the Trust Deed. Additlonal Infomiatlon (optional) You ma choose to include further statements where relevant about: Trustees who are in regular Contact with students are required to obtain DBS clearance. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Parn 1.51 Other Reference and Administrative details Charit name Other name the chari Re uses istered charit number Charity's principal address South Derb shire Music Trust South Derb shire Music Centre 1008568 The Pingle Academy Coronation Street Swadlincote DE11 OQA Names of the charity trustees who manage the charity Trustse name Offi¢e (rf any) Datss acted rf not for whole Stephen Powlson Roy Dolan Lesley Holt Stephen Taylor Name of person {or body) entitled oint trustse ifan Vice Chair SDDC Representative Chris Spare Colin Silvester Wendy Connor Andrea Hurst Susanna de Jongh Finance 01109123 -10111123 10111123 - 31108124 10111123 - 31108124 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Dirn¢tor name rtwasa roved Name of trustees holding title to property belonging to the charity Trustee namo Dates act￿ If not for whole Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional infomiation (optional) Names and addresses of advisors (Optional informatlon) Type of Name advlser Address Name of chlef executlve or names of senior stsff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke rsonnel details Other o tional information Declarations The trustees declare that they have approved the trustees. report above. Signed on behalf of the charity's trustees Signature(s) Full namels) Position (eg Secretary. Chair, etc) Kenneth M Loukes Chair Date South Derbyshlre Muslc Trust {Chatity No. 10085681 Accounts for the year ended 31 August 2024 Income Student Fees Choir Subscriptions Concerts OtherDonations 200 Club Tuck Shop GiftAid Donations for Container Purchase South Derbyshire District Council Misceuaneous Income 13.128 4,740 5,885 5,892 1,158 245 6,114 8,785 1.993 49,402 Expendlture Muslc Staff Choir Conductor and Accompanlst SupeNisors Admlnistrator Rehearsal Room Hlre and Set Up Fees Storage Marketing Concert Expenditure Insurance Music Staff Muiscellaneous Expenditure Container Purchase Bank Charges 18,448 3,660 1,966 8,658 7.292 900 761 2,752 258 277 1,232 5,040 122 51,365 Net Incomel{Expendlture (1.963)