KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES) Llmlted by guarantee Company Reglsterèd Number 2737172 Charity Commission Reference Number 1013838 ANNUAL REPORT AND ACCOUNTS Year ended 31 August 2025 CONTENTS Page Significant Infomation Report of the Direclors 2to5 Auditor's Report 6t08 Consolidated Statement of Financial Activities Consolidated Balance Sheet 10 Consolidated Statement of Cash Flows Notes lo Ihe Financial Statem6nts 12to19 Detailed Trading Account 20
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES) SIGNIFICANT INFORMATION for the year ended 31 August 2025 The company is established as a company limited by guarantee and is registered as a charity with the Charity Commission. The affairs of the company are governed by its Memorandum and Articles of Association. The company is incorporated in England and Wales. Company Registered Number 2737172 Charity Commission Reference Numbar 1013838 DIRECTORS Mrs N S Garforth Mr M McKirgan Mrs H P Davias Mr A J Harris Mr B Jones Cllr A C Pinnock MrJMNunn Cllr B Addy Mr l M Campbell Chair Vice Chair Appointed 4 April 2025 PRINCIPAL Mr N Dolling REGISTERED OFFICE Universty af Huddersfield Goods Receiving Queen Streel Building Queen Street South Huddersfield HD1 3DR ADVISERS Bankers Barclays Bank PLC 17 Market Place Huddersfield HD1 2AB Audltors G L Barker & Co LLP 47- 49 Auslhorpe Road Leeds LS15 8BA Flnanclal Adviser Simpson Wood IFinancial S8rvicesl Limited Bank Chambers Market Street Huddersfield HD12EW Soli¢itorn Schofield Sweenèy Centura 76 Wellingion Leeds LS1 2AY
KIRKLEES MUSIC SCHOOL Ioperatlng as MUSICA KIRKLEESI Company Règlstered Number 2737172 REPORT OF THE BOARD OF DIRECTORS for the year ended 31 August 2025 The Board presents the report and financial statements of Kirklees Music School for the year ended 31 August 2025. The statements appear in the forniat required by the Charities SORP (FRS 1021 and the Charities Act 2011. Th8 report and statements also comply with the Compani8s Act 2006. The company has no share capital and is a registered charity. The guarantee of each member is limited to £1. The members are the directors of the company. Structure, Governance and Management The goveming document is the Memorandum and Articles of Association. It was last amended in 2024. During the year Kirklees Music School owned all the share capital of Musica Kirklees Limited. Musica Kirklees Limited was dissolved on 7 OGlober 2025. Kirklees Council can nominate of Ihe directors. Other nominations are made by thé existing Board of Directors. On appointment a director is given an infomiation pack that includes the Memorandum and Articles of Asso¢iation and the latest audited accounts. Training needs are assessed and met. The Board of Directors is responsible for the overall strategy of the company. The PrInPaI is responsible for the day to day management. Kirklees Music School is committed to ensuring that we pay our staff fairly and in a way which ensures we attract and retain the right skills to have the greatest impact in delivering our charitable objectives. The appropriatenèss of the Principal's and other employees, remuneration is reviewed annually. including reference to comparisons with similar organisations ensuring Kirklees Music School remains sensitive to the broader issues e.g. pay and 8mploymenl conditions elsewhere. ObJectlv08 and Actfvltl88 Kirklees Music School is a music education charity and its principal activities are p8ripatetic music tuition and ensemble provision at rnusiG ¢enlres. Kirklees Music School aims lo promole and support the highest quality music education for all. The Company exists for the advancemènt of public education all aspects of music in the Borough of Kirklees. Kirklees Music School aims to provide a safe and encouraging environment where young people are nurtured and their achievements celebrated. Flnancial Rovlew Core Arts Council funding was reduced by £5,599 during the year. After making appropriate enquiries, the Board considers Ihat the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, il continues to adopt the going Goncem basis in preparing the financial statements. The result for the year and the Balance Sheet at 31 August 2025 represent a satisfactory outcome. Achievements and Performance Kirklees Music School was able to organise an increased number of concerts and evenls ompared with the previous yèar. Ensemble music making, both at Music Centres and for the Kirklees Music School ntral groups, has always en a strength and ensuring that this remains the case is very important to us. Concerts ¢ontinue lo be a main focus for the players at Music Centres along with active involvement In their local communities.
KIRKLEES MUSIC SCHOOL {Operating a8 MUSICA KIRKLEES) REPORT OF THE BOARD OF DIRECTORS for the year ended 31 August 2025 Our recital teams and individual teacher demonstrations provide initial access lo live music-making for thousands of children in Kirklees and are extremely well received by teachers and children in schools. We work closely with all schools in Kirklees and request feedback on all areas of dèlivery such as teaching and live music performances. Netmork meetings for Secondary Schools are organi6ed as well as Primary Hub Updates for Primary and First Schools A strategic partnership, the West Yorkshire Music Hub. exists beeen the mLtsic seNice8 in Kirklees, Bradford, Calderdale, Wakefield and Leeds. At a local level our partnerships with schools, ¢olléges, parents and other bodies have demonstrated the power of effective partnership8. Kirkle68 Music School has an established network of six music cenlres which are slralegiGally placed across the locality and which provide a range of activities from traditional stnng 8ns8rnbles and wnd bands through African drumming lo rock and soul bands. The Company works closely with amateur choirs, bands and orchestras in thè area. often embarking on joint ventures and sharing the Stage with them al concerts and events. Player8 involved in Whole Class Instrumental Teaching IWCIT) at schoo16 ar8 encouraged to attend one of the beginner ensemblés at their local music cenlre. Performance is seen as a vital part of making music and children are encouraged to perform on instruments and vocally in order lo celebrate th8 achievements they have made. The central ensembles provide challenge for young people who wish to pur8U8 their musical interests lo a higher level. There is a steady stream of young Feople who go on lo study music at Higher Education, both university and conservatoire Young people are encouraged to consider provision offered by centres for advanced training in Yorkshire and Greater Manch8Ster, Kirkle8s ha8 many succe68 stories in these area8 and has al80 enabled many students to gain coveted places al cOnseat01reS across the country. Kirkle•8 has an excellent reputation for 81nging and over recent years there has been a positive drive to create partner8hips to ensure that the èxcallance and diversity of our current provislon continues lo flourish. PrlnclpAI rl•ks and uncertalntl•• The Directors have considered the risks facing the Company and believe the main risk is en8uring ther& is continuing funding from the Arts Council, at an appropriate level. The Directors regard the health and safely of children as being of paramount importance and ensure staff ar8 vett8d by the Disclosure and Barring S8Nice. Futur• d•volopment• Our plan8 for the coming year are designed to allow the Company to build on the recent gro and lo continue lo fundian successfully both as a deliverer of high quality music education and as a company mindful of its responsibilities to ils employees, ils clients and its future. Our move to the University of Huddersfield in September 2025 opens up many new, exciting opportunities for current and future students. Our fundraising inilialives will continue lo support bursaries for children wrth ohallenging financial circumstances. This will be marketed under the title of 'the Gift of Music., Publlc Benoflt statement Kirkl888 Music School benefits th8 public by operating music centres and providing music education to the young people of Kirklees. Discounts are made available to pupils in financial hardship. The Directors have referred lo the information contained in the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. The Direclors are salisfied that Kirklees Music School provides a public benefit in accordance wrth the Charity Commission's guidance.
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES} REPORT OF THE BOARD OF DIRECTORS for the year ènded 31 August 2025 Directors. responsiblllty for the Flnan¢lal Statsmgnts Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and group and of the income and expenditure of the charity and group for that poriod. In preparing those finan81 statements, the direclors are required to.. select suitable accounting policie3 and apply them consistently., observe the methods and prinGiples in the Charities SORP., follow applicable accounting standards and Statement8 of Recommended Practice wilhoul any material departures., make judgements and estimates that are reasonable and prudenl., prepare the financial stal8m8nls on the going concern basis unless il is inappropriate to presume that the charity will continue to operate. The Directors are responsible for keeping proper accounting records which disclose wllh reasonable acGuracy at any time the financial position of the charity and group and to enable them lo ensure that the financial statements comply wrth the Companies Act 2006 and the charity, governing document. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable st8ps for the prevention and detection of fraud and other irr8gularitie$. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the charity's websile. St•t•ment of dl•clo8uro of Infomiatlon to audltors The directors of the company who held office at thè dale of approval of thi8 Annual Report each confirm that.. so far as they are aware, there is no relevant audit infonnation (information n88ded by tho ¢ompany's auditors in connection with preparing their report) of which the company's auditors are unaware, and they have tak8n all the stèps that they ought lo have taken as directors in order to make themselves aware of any relevant audit information and to e$lablish that the companls auditors are aware of that information. R•8•rvo$ Pollcy At the Balance Sheet dale lotal reserves amounted to £1,046.954. Unrestricted funds amounted to £1,042,242 and Restricted Funds (Gift of Music) amounted lo £4,711. In the opinion of the Board of Direcloryd reserves amounting lo at least six months running c08ts are required. Reserves of al18ast £1,000,000 arè therefore needed The Reserves Policy continu88 to be reviewed on a regular basis.
KIRKLEES MUSIC SCHOOL Ioperatlng as MUSICA KIRKLEESI REPORT OF THE BOARD OF DIRECTORS for the year ended 31 August 2026 Tangible Fixed Assets The movements in the company's tangible fixed assets are set out in note 11. Prlnclpal fundlng sources The main source of funding in a normal year is from parents of children receiving music lessons or attending one of the Kirklees Music School music centres. In Ihese financial statements that represented 450A of total income. Services provided directly to schools represented 160/0 of total income. A service level agreement with the West Yorkshire Music Hub supported by Arts Coun¢il England provided 290h of total income. Investment Policy Kirkloes Music School has a number of short and medium term challenges. During the year the policy was to invest funds in a managed low nsk fund. The performance of the investment exceed8d our expectations. Small Company Exemption Advantage has been taken of the exemption for smaller incorporated charities conferred by the Charities SORP IFRS 1021 lo prepare this report in accordance with the special provisions of the Companies Act 2006 relating lo small companies. ON BEHALF OF THE BOARD OF DIRECTORS 3 2DZ N. S. Garforth Director Date
KIRKLEES MUSIC SCHOOL {Operating as MUSICA KIRKLEES) INDEPENDENT AUDITOR'S REPORT To the members of Kirklees Music School for the year ended 31 August 2025 Oplnlon We have audited the financial statements of Kirklees Music School (the 'charitablè company,) for the year ended 31 August 2025 which comprise th6 Group Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion thè financial stalemenls,, give a true and fair view of the state of the group's and company's affairs as al 31 August 2025, and of the group's and the parent company's incoming resourcys and application of resourcè8. including ils income and expenditur8, for the year then ended., have been properly prepared in aG¢ordance with United Kingdom Generally Accepted Accounting Practice., • have been prepared in accordance wilh the Companies Act 2006 and the Charities Act 2011. B••l• for oplnlon Wé conducted our aLtdit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those Standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are Indep8ndenl of the charitable company in accordance with the éthical requirements that are relevant to our audit of the financial statements in the United Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihal the audit evidence we have obtained is 8ufficient and appropriate to provide a basis for our opinion. Conclu•lon• relatlng to golng Concern We have nothing to report in respect of the following matters in Trlalion lo which the ISAS IUKI require us lo report lo you where.. the Truste88' use of the 90in9 concern basis of accounting in the preparation of the financial statements is not appropriate., or the Trustees have nol disclosed in the financial statement8 any idenlified material uncertainties that may cast significant doubt about the ¢hari18ble company's ability lo continue to adopt the going concern basis of accounting for a period of al least tsvelve months from tha dale when the financial statements are authorised for issue. Other Infomiatlon The Trust8es are responsible for the other information. The other information comprises the information in¢luded in the Annual report, other than the financial 8talements and our Auditorfs report thereon. Our opinion on the financial statements does not cover the other infomation and, except to the extent olhetwise explicitly stated in our report, we do not express any fom of assurancé conclusion Ihereon.
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES) INDEPENDENT AUDITOR'S REPORT To the members of Kirklees Music School for the year ended 31 August 2025 In conneclion with our audit of the financial statements, our responsibility is to read the other infomation and in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we idenlrfy such material inconsistencies or apparent material misstatements, we are required to determine whelher there is a material misstatement in the financial statements or a material misstalernent of the other information. If, based on the work we have perform6d, we conclude that thare is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinion on other mattern prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the inforniation given in the Trustees, Report for the finanGial year for which the financial statements are prepared is Gonsislenl with the financial statemènts. the Trustees, Report has been prepared in accordance w¢lh applicable legal rèquirements. Matters on whl¢h we are required to report by 8xceptlon In the light of our knowledge and understanding of the chantable company and its environment oblained in the course of the audit, we have not identified material misstatements in the Trust8es' Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion., adequate accounling records have not been kept or returns adequate for our audit have not been received Irom branches not visited by us.. or the financial statements ar8 not in agreemenl 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 nat entitled to prepare the financial slalements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Re3ponslbilitig8 of trustees As explained more fully in the Trustees, responsibilities statement the Trustees (who are also the directors of the charitable MpanY for the purposes of company lawl are responsible for the preparation of the financial statements and fcr being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from material misstalemenl, whelher due to fraud or error. In preparing the financial statements, the Trustees are résponsiblè for assessing the charilable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend lo liquidate the charitable Gompany or lo cease operations, or have no realistic allernalive but lo do so.
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES) INDEPENDENT AUDITOR'S REPORT To tho members of Kirklee8 Muslc School for tho year end•d 31 August 2025 AudltrfB ro$pon•lbllltio• for tho audlt of th• financlal 8tatsmont• Our objectives are to obtain reasonable assurancé about whether the financi81 slalernents as a whole are free from m816ri81 misstatement, whether due to fraud or error, and to issue an Audiloe8 report that includes our opinion. Reasonable 8ssuranc8 18 a high level of assurance, but is not a suaranlee that an audll conducted in accordance with ISAS (UK) will avaYS delect a malertal mlsststement when il exis18. Mlsstatemenls Gan arise from fraud or error and are ¢onsidered material if, indiwdualw or In the aggregate. they reasonably be expe¢t¢d to Influence the economic deci8ions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial s18lementS 16 located on the Financial Reporting Council's website at.. ww.frc.org.ukJauditor3responsibililies. This de8rJiption fom$ part of our Auditoffs report. U$• of our r•port Thls report Is mad8 solely to the Kirklees Musl¢ School members. as a body, in accordance with Chapter 3 of Part 18 of the Companies Act 2006 and th8 Charities Act 2011. Our audit work has been undertaken so that we might slate to the company's members those matters w8 are required to State lo them in an auditorfs report and for no other purpose. To the fullesl exlenl permitted by law, we do not 8c¢epl or assume responsibility to onyone other than Klrklees Muslc School and it's members as a body. for our audll work, for Ihis report. or for the oplnions wo have formed. oy è3 Martin Knaggs Senlor Stolulory Auditor For and on behalf of G L Barker & Co LLP Chartered Cortlfled Accountants and Stgtulory Audltor 47- 49 Au31horpo Road L8eds LSIS 88A Dats G L Barker & Co LLP is eligible lo act as an auditor in temis of sectlon 1212 of th8 Comp8nies Act 2006.
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEESI CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025 (INCORPORATING THE CONSOLIDATED INCOME AND EXPENDITURE ACCOUNTI Notes Unrestricted Restricted Funds Funds Total 2025 Tolal 2024 Income and endowments from.. Donations Investments Charitable activities Other incoming resourcEs 1,050 4,722 2,021,686 150,733 2.900 3,951 1,747 4,722 9,700 0 2,021,686 1,895,189 150.733 92,913 Total incoming resources 2 178 191 2900 2 181 091 1999 548 Expenditure on: Ral8lng funds Charitable actlvitlos 2,243.648 1,860 2,245,508 2,019,725 Total expgndlturn 2,243,648 1,860 2,245,508 2,019,725 12 Net unreallsed galn - inve8tm?nts 53,633 53,633 45,094 Not Incomel {expenditure) {65,457) 1,040 (64,4161 (20,1771 Net movement in funds 111.8241 1,040 {10,783) 24,917 Reconclllatlon of funds Total funds brought forward 1,054.066 3,671 1,057,737 1,032,820 17 Total funds carried forward 1042 242 4711 1046954 Under the provisions of Section 408 of the Companies Act, a s8parate statement of financial activities for the company alone is not required. All of the activities undertaken by the chanty were continuing activities and no new activities were acquired during the year. There are no recognised gains or losses olher than those in the Statement of Financial Activities. Therefore. no Statement of Recognised Gains or Losses has been prepared. The notes on pages 12 to 19 form an integral part of these accounts
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES) Company Reglstered Number 2737172 CONSOLIDATED BALANCE SHEET at 31 August 2025 Group 2025 Group Company Company 2024 2025 2024 Noles Flxod assets Tangible assels Investments 8,519 818,727 16,422 765,094 6,519 818,847 16,422 765,214 12 Total Fixed Assets 825 246 781 825 368 Curr•nt asse18 13 16 Debtors Ca8h at bank and in hand 53,961 203 371 257,332 25,358 53,961 203 371 257,332 25,358 312,009 312.009 14 Creditors.. amounts lalling due within one year 135.6241 (35,7881 (35,7441 (35,908} N•t curront assets N•t a880t• FUNDS Unrestricted Restri¢ted 1,042,242 1,054,066 1,042,242 1,054,066 17 Approvéd by the directors and trustee3 on their behalf by éS.202 and signed on N.S. Garforth Director The notes on pages 12 10 19 forn an int8gral part of these accounts
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEESI CONSOLIDATED STATEMENT OF CASH FLOWS for tho year onded 31 August 2025 Unrestricted Restricted Funds 2025 Funds 2025 Total 2025 Total 2024 Notes Nel cash Pfovided by operaling activities 15 18264 Cash flows from investing activities.. Interest from investments Purchase of fixed assets Transfer lo investment fund 4.722 4,722 9,700 (3,2001 1720,0001 Net cash provided by investing activities 4,722 4,722 (713,500) Nel cash provided by financing activities Change in cash in the year 23 83 282 Cash al 1.9.24 283,296 3,357 286,653 1,018,417 16 Cash at 31.8.25 198973 203 371 286 653
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Basis of Accounting The 5talemenl of accounts has been prepared under the historical cosl convention in accordance with the provisions of the Companies Act 2006, thè Charities Statement of Recommended Practice IFRS 1021 and applicable accounting standards. Where necessary the headings laid down in the Companies Acl have been adapted to meèt the special activities of the company. The company qualifies as a small company under the Companies Act 2006. The Group accounts are the consolidated accounts of Kirklees Music School and Musica Kirk1ees Limited. Fund Accountlng General funds are unrestricted funds which are available for use al the discretion of the Directors in furtheran of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purpose. Taxatlon As a registered charity, the company benefits from rates relief and is genérally exempt from income lax and capital gains tax. but not from VAT. IrreGoverable VAT is included In the cost of those items to which it relates. Investments Realised and unréali8ed gains and losses are taken to the Stalement of Financial Activities. Incomlng Rèsources All income is accounted for as soon as the Company has entitlement to the incom8 and there is certainty of reIpt and the amount is quantifiable. Ro8ources oxpended All expenditure is accounted for on an accruals basis, Where costs cannot be directly attributed they have been allocated to activities on a basis consistent with the use of the resources. Direct ¢osts, including directly attributable salaries. are allocated on an actual basis lo the key strategic areas of activsty. Overhead5 and other salaries are allocated betjveen expense headings on the basis of time spent. Govemance costs are those incurred in connection with the management of the Company's agsels, organisational adminislralion and compliance wth conslitulional and slatutory requirements. Presonlatlon currency The presentalion currency of the financial statements is the Pound Steding1£1.
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Flxed Asset• Assets with a Cost in exces8 of £1,500 intended to be of ongoing use to the Company in carrying out its activities are capitalised as fixed assels. All fixed assets are included at cosl. Depreciation of tangible fixed assets $ provided at th8 following annual rates in order to wrrte off each asset over its estimated useful life. Musical instruments 50Qh Straight line Fixtures. fittings and equipment 250h Straight line CompLrter equipmenl 33,1 OA Slraighl line Loa8e• Rental8 paid under operating leases are charged against income as incurred. P•n8lon contrlbutlon• The company ¢ontribut85 lo a defined contribution personal p&n8lon Scheme for non-teaching staff in addition lo the defined benefit Teachers Pension Scheme for teachers. Kirklees Music School's contributions lo the scheme are affected by a surplus or deficit in the scheme, however. it 1$ unable to identify its share of the underlying assets and liabilitiés in the schem8 on a reasonable or on8iStenl basis and has thus availed itsélf of the exemption permitted by paragraph 9 of Financial Reportlng Standard 102 to treat the scheme as a defined contribution 8chome. The 888ets of the schemes are hèld separately from Ihose of the company in independently administered funds. The amounts Ghargéd against income represent the contributions payablè to the schemes in respect of the accounting penod. OPERATING LOSS OF THE COMPANY 202 The operating Ios8 18 81ated after charging.. Depreciation on tangible fixed as8ets Auditols remuneration 9,903 10,510 20,015 8,400 During the year the auditors also received £51012024 - £474) in respect of non audit Services, EMPLOYEE INFORMATION The average numbér of full time equivalent employees during the year was.. Directors Support staff - music cenlres Support staff - offi¢e Teachers 32 30 47
KIRKLEES MUSIC SCHOOL {Operatlng as MUSICA KIRKLEESI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 20 2024 EMPLOYEE INFORMATION - Continuod The average total numbèr of staff (including part time staff) was.. Directors Support staff - music centres Support staff - office Teachers 10 55 78 Staff co818 for all the above were.. 02 2024 Salaries and wages Social security costs Dèfined banefil pension Defined contribution pension scheme 1,424,623 1,318,935 110,887 90,303 312,809 261,551 58 390 1729 179 190978 One employee received a salary greater than £80.000. The Principal received total employee benefit8 of £78,11912Q24 £71,685), consisting of a gross salary of £60,708 and employer pension contributions of £17,411. One of the director6 received £200 expenses in re8pect of musical performances during the year. DEFINED BENEFIT PENSION The Teachers, Pension Scheme {TPS or scheme) is a statutory, unfunded, defined benefit occupational sohém8, governed by the Teachers, Pensions Regulations 2010 las amended) and the Teachers, Pension Scheme Regulations 2014 (as amended). These regulations apply to teachers in schools and other educational establishments, including academies, in England and Wales that are maintained by local authorities. In addition, teachers in many independent and volunlary-aided schools, and teachers and lècturers in some establishments of higher and further education may be eligible for membership. Membership is automatic for full-time leacheryd and lecturers and from 1 January 2007 automatic loo for teachers and lecturers in part-time employment following appointment or change of contract Teachers and lecturers are able to opt out of the TPS. The Teachers. Penslon Budgetlng and Valuatlon Account Although members may be employed by various bodies, their retirement and other pension benefits are sel out in règulations made under the Superannuation Acl 1972 and Public Service Pensions Act 2013 and are paid by public fund8 provided by Parliament. The TPS is an unfunded scheme and members contribute on a 'pay as you go, basis - contribution8 from members, along with those mad8 by employers. are credited to the Exchequer under arrangements governed by the above Acts. The Teachers. Pensions Regulations 2010 require an annual account, the Tèachers, Pension Budgeting and Valuation Accounl, to be képt of receipts and expenditure (including the cost of pension increases). From 1 April 2001, the Account has been credited wilh a real rate of return, which is equivalent lo assuming that Ihe balance in the Account is invested in notional investments that produce that real rate of return.
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEESI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Valuation of the Teachers. Pension Scheme The Govemmenl Actuary, using normal actuarial principles, conducts a fomal actuarial review of th6 TPS in accordance with the Public SeNice Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is lo ensure costs are recognised and managed appropriately and the review specifies the level of future contributions. Actuanal scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out on 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023, with the SCAPE rate set by HMT. applying a notional investment relum based on 1.7.10 above the rale of CPI. Thè key elements of the valuation outcome are'.- Employer contribution rates sel at 28.68Vo of pensionable pay (including a 0.080/0 administration levyl. This is an increase of 5% in employer contributions and the cost control result is such that no change in member benefits is needed. Total scheme liabilities {pensions currently in payment and the estimated cost of future benefits) for Servi to the effective date of £262,000 million and notional assets (estimated future contributions together with Ihe notional investments held al the valuation dale) of £222,000 million, giving a notional past service deficit of £39,800 million. A copy of the latest valuation report can be found on the Teachers, Pension SGheme website The result of this valuation will be implemented from 1 April 2024. The next valuation result is due to be implemented from 1 April 2028. The employerfs pension costs paid to the TPS in the period amountéd to £312,80912024. £261,551} Under the definitions set out in Financial Reporting Standard IFRS 102) Retirement Benefils, the TPS is a multi employer pension scheme. Kirklees Music SGhool is unable to identify its share of the underlying assets and liabilities of the s¢heme. Accordingly. Kirklees Music School has taken advantage of the exemption in FRS102 and has accounted for its contributions to the scheme as if it were a defined Contribution scheme. Kirklees Mu51C School has set out above the information available on the schemé and the implications for the Gompany in tèmis of the anticipated contribution rates. DONATIONS Unrestricted Restricted Funds 2025 Funds 2025 Total 2025 Total 2024 Donations INCOME FROM INVESTMENTS Unrestricted Restricted Funds 2025 Funds 2025 Total 2025 Total 2024 Interest receivable
KIRKLEES MUSIC SCHOOL (Operating as MUSICA KIRKLEES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 INCOME FROM CHARITABLE ACTIVITIES 20 2024 Arts Council Other income Music education - parents Music education - music cenlres Music education - schools 635,501 31,801 874.109 128,418 351858 641,100 29,784 780,739 116,358 27 209 OTHER INCOMING RESOURCES 202 2024 Pension and National Insurance grants 15 2913 CHARITABLE ACTIVITIES EXPENDITURE Unrestricted Restricted F nds 2025 Fun Tolal 2025 Total 2024 Grant funding Wesl Yorkshire Hub admin fee Govemance costs Music centre8 rent Sheet music 40,698 18,376 11.714 35,865 1,301 1.860 42.558 18,376 11,714 35,865 1,301 23,484 9,367 38,960 1,365 Frii Projects Instrument repairs Motor and trav81 Wages School liaison Rent, rates and water Heat and light Property repairs Cleaning Tèlephon Photocopier Computer ¢08ts Printing and stationery Postage Bank charges Payroll ¢harg88 Legal Insurance Training costs Removals Sundries Depreciation Bad debts 1,650 18,777 29,993 1,909,786 1,650 4.477 18,777 21,843 29,993 27,180 1,909,788 1,729,179 3,843 34,551 7,841 1,970 1,809 3,042 3,888 22,145 6.511 674 8,259 10,539 5,688 28,171 3,763 38,267 8,726 8,967 1,524 3,409 3,483 23,450 4,654 468 7,034 11,380 6,758 28,839 4,212 3,522 3,293 9,903 7,821 38,267 8,728 8.967 1,524 3,409 3,463 23,450 4.654 468 7,034 11,380 6,758 28,839 4,212 3,522 3,293 9.903 7,821 2,881 20,015 4,280 Total expenditure ie
KIRKLEES MUSIC SCHOOL Ioperatlng as MUSICA KIRKLEES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 10 GOVERNANCE COSTS 2025 2024 Legal Audit Indemnity insurance 559 10,510 645 513 8,400 454 Indemnity insurance has been purchased to protect the charity, direclors and officers from 1088 ansing from Ihe neglect or default of the directors or other officers. TANGIBLE FIXED ASSETS Musical Fixtures and Computers Instrument8 Fittings Total Cost Balance 1,9.24 Additions Disposals Balance 31.8.25 108,835 25,801 96,383 231,019 24,801 1,000 28.704 67,679 53.505 177,514 108,835 D•pr•clatlon Balance 19 24 Charge for the year Disposals Balance 31.8.25 106,035 1.600 25,801 82,761 8,303 28.704 62,360 214,597 9.903 53,505 170,995 24,801 1.000 107,635 Wrltten down valu• •t 31.8.24 2,800 13,622 16,422 Wrltten down valu• at 31.8.2S 1,200 5,319 6,519 12 INVESTMENTS Investment In gublldlary undertaklng 20 Shares at cost 120 12 The subsidiary undertaking is Musica Kirklees Limitéd (company number 10289559). The company was dissolved on 7 October 2025. Kirklees Music School owned all the issued 8hare capital of the company. 120 Ordinary shares of £1 each are issued. The assets and liabilitie8 of the subsidiary undertaking at 31 August 2025 were 120 Owed by parent undertaking representing Share Capital 120
KIRKLEES MUSIC SCHOOL (Operating a$ MUSICA KIRKLEESI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Inve•tment in managed fund 202 2024 Mafkel value at 1.9.24 Additions al cost Unrealised investment gain$ Investment managemenl costs Market value at 31.8,25 765,094 720,000 57.503 62,163 765 0 13 DEBTORS Group Group Company Company 24 Trade debtors Prepayments 6.676 12,125 6,676 12,125 13 231 25 356 14 CREDITORS Amount• falllng du• wlthln on• y•ar: Group 2025 1,643 Group Company Company 2024 2025 5,092 1,843 120 Trade creditors Owed to group undertaking Accrua16 5,092 120 30 788 15 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Unre8trlcted Reslricled Funds 2025 Funds 2025 Net income for the year (85,457) 1,040 (64,4161 120,1771 Adjustments for.. Depreciation Investment income {IncreasellDecrease in debtors Decrease in creditors 9,903 14,7221 {28.6051 {184) 9,903 20,015 {4,722) (9 7001 (28,6051 2,890 11841 {11,292) Net cash provided by operating activities {89,0451 1,040 (88,0041 118.2641 16 ANALYSIS OF CASH AND CASH EQUIVALENTS Tolal 2025 Total 2024 No notice deposit$ 203,371 286,654
KIRKLEES MUSIC SCHOOL {Operating as MUSICA KIRKLEES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 17 RESTRICTED FUND The Gift of Music Fund has been set aside by the Directors to provide bursaries to children with challenging financial circumstances. 2025 2024 Balance at 1 Septembèr 2024 Donations Expenditure Balance at 31 August 2025 3,671 2,900 4,147 1,557 18 COMMITMENTS AND CONTINGENT LIABILITIES At the balance sheet dale there We no Commitments for capital expenditure other than as provided lor in these accounts. At the balance 8h88t date there was the possibility that our Pf8VIOU6 landlord would levy a charge for the internal dacoration of the vacated office. No c08t has been proposed but it could be in the region of £20,000. Commllment8 under non-can¢ellable operating le8$88 are as follows., Land and Buildin Other Land and Buildin Other Expiring in1888 than one year 2,129 2,880 Expiring betsveen on& year and fiv year8 56,100 14,400 20,629 10
KIRKLEES MUSIC SCHOOL Ioperatlng as MUSICA KIRKLEESI DETAILED TRADING ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 INCOME Arts Council Music education - parents Discounts granted Music education - music centres Discounts granted Music education - schools Other income Pension and Nl grants Interest receivable Donations 635,501 874.109 {28,7131 128,418 111,985} 351,858 31,801 150.733 4,722 1,050 641,100 780,739 {17,174} 116,358 14,277) 327,209 29,784 92,913 9,700 190 Total income 2,137,493 1,976,541 EXPENDITURE Music centres rent Wesl Yorkshire Hub admin fee Sheet music Instrument repairs Projects Travel Wages School liaison Renl. rates and water Heal and light Property repairs Cleaning Telephone Photocopier Computer costs Printing and stationery Postage Bank charges Payroll charges Legal Audrt Insurance Training costs Relocation Sundries Depre¢iation Bad debts 35,865 18.376 1,301 18,777 1,650 29,993 1,909,786 36,960 1,365 21,843 4,477 27,180 1,729,179 3,843 34,551 7,841 1,970 1,809 3,042 3,888 22,145 6,511 674 6,259 10,539 5,688 8,400 26,625 3,763 38.267 8,726 8,967 1,524 3,409 3,463 23,450 4,654 468 7,034 11,380 7.317 10,510 29,484 4,212 3,522 3,293 9,903 7,621 2,881 20,015 4,280 Total expenditure 2.202,950 1,996,241 LOSS FOR THE YEAR