Docusign Docusign Envelope[Envelope]['D:] ID: 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 

REGISTERED REGISTERED CHARITY CHARITY NUMBER: NUMBER: 1014942 1014942 

> Report Report of[of] the[the] Trustees Trustees and and 

> Unaudited Unaudited Financial Financial Statements Statements for[for][the] the Year Year Ended Ended 31 31 December December[2024] 2024 

for for Wise Wise Music Music Foundation Foundation 

> MUS MUS Chartered Chartered Certified Certified Accountants Accountants 268 268[Bath] Bath Road Road 

> Regus, Regus, Office Office 146 146 

> Slough Slough Berkshire Berkshire 

> SLI SL1 4DX 4DX 



Docusign Docusign Envelope Envelope[IO:] ID: 309CBEAO-CA25419A-9776-5EBEE5DCBA39 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 

Wise Wise Music[Music] Foundation Foundation 


**----- Start of picture text -----**<br>
Contents Contents [of] of the [the] Financial Financial Statements Statements<br>for for the [the] Year Year  Ended Ended 31 [31] December [December]  2024 2024<br>**----- End of picture text -----**<br>



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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Page|Page|
|Report|Report|[of]|of the|[ the]|[Trustees]|Trustees|1|IL|to|to)|2|2|
|Independent|Independent|Examiner's|Examiner's|Report|Report|3|3|
|Statement|Statement|of|of|Financial|Financial|Activities|[Activities]|4|4|
|Statement|Statement|[of]|of Financial|Financial|Position|Position|5|>|
|Notes|Notes|to|to|[the]|the|Financial|Financial|Statements|Statements|6|6|to|to|10|10|
|Detailed|Detailed|Statement|Statement|[of]|of Financial|Financial|Activities|[Activities]|11|11|

**----- End of picture text -----**<br>




> Docusign Docusign Envelope Envelope['D:] ID: 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 309CBEAO-CA25419A-9776-5EBEE5DCBA39 

Wise Wise[Music] Music Foundation Foundation Report Report of[of] the the Trustees Trustees for for the the Year Year Ended Ended 31 31 December December 2024 2024 

> Wise Wise Music Music Foundation Foundation (Previously[(Previously] known known as as The The Music Music Sales Sales[Charitable] Charitable Trust), Trust), which which was was set set up up[in] in 1992 1992 by by Deed Deed 

> dated dated 20th 20th October October 1992 1992 with with clause clause 8[8] as as amended amended by by Deed Deed dated dated 8th 8th April April 2009 2009 has has continued continued to to operate operate within within its its 

> objects objects as as laid laid down down in in clause clause 5 5 of of the the 20th 20th October October 1992 1992 Deed. Deed. 

OBJECTIVES OBJECTIVES AND AND ACTIVITIES ACTIVITIES Objectives Objectives and and aims aims Following Following are are the the main main aims aims and and objectives objectives of of the the Wise Wise Music Music Foundation Foundation (Previously (Previously known known as as The The Music Music Sales Sales Charitable Charitable Trust): Trust): 

> To To relieve relieve in in cases cases[of] of need[need] hardship,[hardship,][distress,] distress, or or illness illness or or infirmity infirmity (howsoever) (howsoever) of[of] persons persons resident resident in in the the United United 

> Kingdom Kingdom and and particularly particularly persons persons[resident] resident[in] in London, London, Bury Bury St St Edmunds Edmunds and and wheresoever wheresoever the the Trustees Trustees in in their their discretion discretion shall shall decide.[decide.] 

> To To further further[the] the education[education] (including (including social social and and physical physical training) training) of of children children attending attending schools schools in in the the United United Kingdom Kingdom 

> and and particularly particularly persons persons resident resident in in London, London, Bury Bury St[St] Edmunds Edmunds and and wheresoever wheresoever the the Trustees Trustees in in their their discretion discretion shall shall decide. decide. 

> Any Any charitable charitable purposes purposes for for[the] the[benefit] benefit of of the the[inhabitants] inhabitants of[of] London, London, Bury Bury St[St] Edmunds Edmunds and and wheresoever wheresoever the the Trustees Trustees[in] in their their discretion discretion shall shall decide. decide. 

The The trust's trust's main main activity activity is is to to ensure ensure that that it it continues continues to to fulfil fulfil its its objectives objectives by by making making donations donations to to relevant relevant operating operating organisations organisations who who will will utilize utilize the the funding effectively. funding effectively. 

ACHIEVEMENT ACHIEVEMENT AND AND PERFORMANCE PERFORMANCE The The effectiveness[effectiveness] of of the the Trust's Trust's work work can can be be gauged gauged by by the the continued continued sequence sequence of of appeals appeals it it receives receives and and growth growth of of those those they they assist. assist. 

|FINANCIAL REVIEW<br>FINANCIAL REVIEW||||||||
|---|---|---|---|---|---|---|---|
|The Trustmaintains a stable <br>€71,764<br>(2023: E88,125).<br>donations (2023: 77). Grants <br>TheTrust maintains a stable <br>£71,764<br>(2023: £88,125). <br>donations (2023: 77). Grants|financial position.During the year, itreceived<br>Total<br>payments<br>of E42,220<br>(2023: €90,180)<br> to institutions in excess ofE5,000 were made as <br> financial position. During the year, it received<br> Total payments of £42,220<br>(2023: £90,180) <br> to institutions in excess of £5,000 were made as|||3 unrestrictedvoluntary donations totalling<br>were made<br>in respect of<br>19<br>grants and<br> follows:<br>3 unrestricted voluntary donations totalling<br> were made in respect of 19 grants and<br> follows:||||
|Institution<br>Institution|No ofdonations<br>Noofdonations|donations<br>donations||£||||
|EAST ANGLIA<br>EASTANGLIA|1<br>1|||5,000<br>5,000||||
|MSF<br>MSF|1<br>1|||5,000<br>5,000||||
|St. Nicholas Hospice Care<br>St. Nicholas Hospice Care|1<br>1|||5,000<br>5,000||||
|WestminsterSynagogue<br>Westminster Synagogue|1<br>1|||5,000<br>5,000||||
|Other under E5,000<br>Other under£5,000|15<br>15|||22,220<br>22,220||||
|Total<br>Total|19<br>19|||42,220<br>42,220||||
|STRUCTURE, GOVERNANCEAND MANAGEMENT<br>STRUCTURE,GOVERNANCEANDMANAGEMENT||||||||
|Governing document<br>Governing document||||||||
|The Trust is governed by Deed and Trustees <br>they arise.<br>The Trust is governed by Deed and Trustees <br>theyarise.||are elected by <br> are elected by|Company wide requests for applications to fill vacancies as<br> Company wide requests for applications to fill vacancies as|||||



> REFERENCE REFERENCE AND AND ADMINISTRATIVE ADMINISTRATIVE DETAILS DETAILS Registered Registered Charity Charity number number 

> 1014942 1014942 

Principal Principal[address] address 14-15 14-15 Berners Berners Street Street London London WIT WIT 3LJ[3LJ] 

Page Page 1[1] 



> Docusign Docusign Envelope Envelope ID:[IO:] 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 

Wise Wise Music Music Foundation Foundation 

> Report Report of[of] the[the] Trustees Trustees 

> for for the the Year Year Ended Ended 31 31 December December 2024 2024 

Trustees Trustees CM C M Butler Butler R R Wise Wise M M[Wise] Wise M M Wise[Wise] D D Stock Stock N NJM[J] M Kemp Kemp JAJ J A J Weiland Welland Ms Ms[R] RL L Tyler Tyler Independent Independent Examiner Examiner MUS MUS Chartered Chartered Certified Certified Accountants Accountants 268 268 Bath Bath Road, Road, Regus, Regus, Office Office 146 146 Slough Slough Berkshire Berkshire SLI SLI 4DX 4DX 

Approved Approved by by order[order] of[of][ the] the board of board of trustees trustees on on 24 24 October October 2025 2025 and and signed signed on on its its behalf behalf by: by: 

DocuSigned[by:] stock |Dos.DocuSignedE7BFB3F055914D65... E7BFB3F055914D5. Stok by: D D Stock Stock - - Trustee Trustee 

> Page Page 2[2] 



> Docusign Docusign Envelope Envelope ID: ID: 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 309CBEA0-CA25-419A-9776-5EBEESDCBA39 

> Independent Independent Examiner's Examiner's Report Report to[to] the the Trustees of Trustees of Wise Wise Music Music Foundation Foundation 

> Independent Independent examiner's examiner's report report[to] to the the trustees trustees[of] of Wise Wise Music Music Foundation Foundation I I report report to to the the charity charity trustees trustees on on my my examination examination[of] of the the accounts accounts of of Wise Wise Music Music Foundation Foundation (the (the Trust) Trust) for for the the year year ended ended[31] 31 December December 2024. 2024. 

Responsibilities Responsibilities and and[basis] basis of report of report As As[the] the charity charity trustees trustees[of] of[the] the Trust Trust you you are are responsible responsible for for[the] the[preparation] preparation[of] of[the] the accounts accounts in in accordance accordance with with the the requirements requirements[of] of the[ the] Charities Charities[Act] Act[2011] 2011 (‘the[('the] Act’).[Act').] I I report report in in respect respect of of my my examination examination of of the the Trust's Trust's accounts accounts carried carried out out under under Section Section 145 145 of of the the Act Act and and in in carrying[carrying] out out my my examination examination[I] I[have] have followed followed all all[applicable] applicable[Directions] Directions given by given by the the Charity Charity Commission Commission under under Section Section[145(5)(b)] 145(5)(b) of of the the[Act.] Act. 

> Independent Independent examiner's examiner's statement statement 

> I I have have completed completed my my examination. examination. I I confirm confirm that that no no material material matters matters have have come come to to my my attention attention in[in] connection connection with with the the examination examination giving giving me me cause cause[to] to believe believe[that] that[in] in any any[material] material respect: respect: 

1. 1. accounting accounting[records] records were were[not] not kept[kept] in in[respect] respect of[of][ the] the Trust[Trust][as] as required required[by] by Section Section[130] 130 of[of] the[ the] Act; Act; or or Zz 2. the the accounts accounts do do not not accord accord with with those those records; records; or or 3. 3. the the accounts accounts do do not not comply comply with with the the applicable applicable requirements concerning requirements concerning the the form form and and content content of of accounts accounts set set out out in in the the[Charities] Charities (Accounts (Accounts and and Reports) Regulations Reports) Regulations[2008] 2008[other] other[than] than any any requirement requirement that that the the accounts accounts give give a a true true and[and] fair fair view view[which] which[is] is[not] not[a] a matter matter considered considered as[as] part part[of] of an an[independent] independent examination. examination. 

I I have have no no concerns concerns and and have have come come across across no no other other matters matters[in] in connection connection with with the the examination examination to to which which attention attention should should be be drawn drawn[in] in this this report report[in] in[order] order[to] to enable enable a a proper proper understanding understanding of of the[the] accounts accounts[to] to be be reached.[reached.] 

> M Muhammad ammad Usman Usman[FCCA] FCCA 

MUS MUS Chartered Chartered Certified Certified Accountants Accountants 268 268[Bath] Bath[Road,] Road,[Regus,] Regus, Office Office 146[146] Slough Slough Berkshire Berkshire SL1 SLI 4DX 4DX 

> 24 24 October October 2025 2025 

> Page Page 3[3] 



Docusign Docusign Envelope Envelope ID:[10:] 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 308CBEA0-CA25-419A-9776-5EBEES5DCBA39 

Wise Wise Music Foundation Music Foundation 

## Statement Statement of[of] Financial Financial Activities Activities for for the[the] Year Year Ended Ended 31[31] December December 2024 2024 


**----- Start of picture text -----**<br>
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2024|2024|2023|2023|
|Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|Total|Total|
|fund|fund|fund|fund|funds|funds|funds|funds|
|Notes|Notes|£|Es|Fe|£|
|INCOME|INCOME AND|AND|ENDOWMENTS|ENDOWMENTS FROM|FROM|
|Donations|Donations|[and]|and|legacies|legacies|71,765|71,765|-|71,765|71,765|88,125|88,125|
|Investment|Investment|income|income|2|2|-|-|-|1,493|1,493|
|Total|Total|71,765|71,765|-|71,765|71,765|89,618|89,618|
|EXPENDITURE|EXPENDITURE|ON|ON|
|Charitable|Charitable|activities|activities|3|3|
|Grants|Grants|[and]|and donations|donations|44,620|44,620|-|44,620|44,620|90,180|90,180|
|Other|Other|-|-|-|2,400|2,400|
|Total|Total|44,620|44,620|.|44,620|44,620|92,580|92,580|
|NET|NET|[INCOME/(EXPENDITURE)]|INCOME/(EXPENDITURE)|27,145|27,145|-|27,145|27,145|(2,962)|(2,962)|
|RECONCILIATION|RECONCILIATION|OF|OF|FUNDS|FUNDS|
|Total|Total|funds|funds brought|brought|forward|forward|(20,707)|(20,707)|249,000|249,000|228,293|228,293|231,255|231255|
|TOTAL|TOTAL FUNDS|[FUNDS]|CARRIED|[CARRIED FORWARD]|FORWARD|6,438|6,438|249,000|249,000|255,438|255,438|228,293|228,293|

**----- End of picture text -----**<br>


> The The notes notes form form part part of[of] these these financial financial statements statements Page Page 4 4 



Docusign Docusign Envelope Envelope It): ID: 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 

Wise Wise Music Foundation Music Foundation 

||Statement of Financial Position<br>Statement ofFinancial Position|Statement of Financial Position<br>Statement ofFinancial Position|||||
|---|---|---|---|---|---|---|
||31December 2024<br>31 December 2024||||||
||||||2024<br>2024|2023<br>2023|
|||Unrestricted<br>Unrestricted|Restricted<br>Restricted||Total<br>Total|Total<br>Total|
|||fund<br>fund|fund<br>fund||funds<br>funds|funds<br>funds|
||Notes<br>Notes|£|£||£|s|
|FIXED ASSETS<br>FIXED ASSETS|||||||
|Social investments<br>Social investments|8<br>8|-|249,000<br>249,000||249,000<br>249,000|249,000<br>249,000|
|CURRENT ASSETS<br>CURRENT ASSETS|||||||
|Debtors<br>Debtors|9<br>9|31,238<br>31,238||-|31,238<br>31,238|-|
|Cash at bank<br>Cash at bank||-||-|-|(13,307)<br>(13,307)|
|||31 ,238<br>31,238||-|31,238<br>31,238|(13,307)<br>(13,307)|
|CREDITORS<br>CREDITORS|||||||
|Amounts falling due within one year<br>Amounts falling due within one year|10<br>10|(24,800)<br>(24,800)||-|(24,800)<br>(24,800)|(7,400)|
|NET CURRENTASSETS<br>NETCURRENTASSETS||6,438<br>6,438||-|6,438<br>6,438|(20,707)<br>(20,707)|
|TOTAL ASSETS LESS CURRENT<br>TOTALASSETS LESS CURRENT|||||||
|LIABILITIES<br>LIABILITIES||6,438<br>6,438|249,000<br>249,000||255,438<br>255,438|228,293<br>228,293|
|NET ASSETS<br>NETASSETS||6,438<br>6,438|249,000<br>249,000||255,438<br>255,438|228,293<br>228,293|
|FUNDS<br>Unrestricted funds:<br>FUNDS<br>Unrestricted funds:|11<br>11||||||
|General fund<br>General fund|||||6,438<br>6,438|(20,707)<br>(20,707)|
|Restricted funds:<br>Restricted funds:|||||||
|Restricted fund<br>Restricted fund|||||249,000<br>249,000|249,000<br>249,000|
|TOTAL FUNDS<br>TOTALFUNDS|||||255,438<br>255,438|228,293<br>228,293|



> The The financial financial statements statements were were[approved] approved by by[the] the Board Board[of] of Trustees Trustees[and] and[authorised] authorised for for[issue] issue on on[24] 24 October[October] 2025[2025][and] and were were signed signed on on[its] its behalf behalf by:[by:] 

DocuSigned DocuSigned by: by: [Davi E7BFB3F055914D5. E7BFB3F055914D5.Stock D D Stock Stock - - Trustee Trustee 

> The The notes notes form form part part of[of] these these financial financial statements statements 

> Page Page[5] 5 



Docusign Docusign[Envelope] Envelope[ID:] ID: 309CBEAO-CA25419A-9776-5EBEE5DCBA39 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 

Wise Wise Music Foundation Music Foundation Notes Notes to[to] the[the] Financial Financial Statements Statements for for the the Year Year Ended Ended 31 31 December December 2024 2024 

1. 1. ACCOUNTING POLICIES ACCOUNTING POLICIES 

Basis Basis[of preparing] of preparing the the financial[financial] statements statements The The financial financial statements[statements][of] of[ the] the charity, charity, which which is is[a] a public public[benefit] benefit entity entity[under] under FRS FRS 102, 102,[have] have[been] been[prepared] prepared in in accordance accordance with with the the Charities Charities SORP SORP (FRS (FRS 102) 102) 'Accounting ‘Accounting and and Reporting Reporting by by Charities: Charities: Statement Statement of of Recommended Recommended[Practice] Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting[Standard] Standard applicable applicable in in the the UK UK and and Republic Republic of of Ireland Ireland (FRS (FRS 102) 102) (effective (effective I 1 January January 2019)’, 2019)', Financial Financial Reporting Reporting Standard Standard 102 102 'The 'The Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the UK UK and and Republic Republic of of Ireland' Ireland’[and] and the the Charities Charities Act Act 2011.[2011.] The The financial financial statements statements have have[been] been[prepared] prepared under under[the] the historical historical cost cost convention. convention. 

> Income Income 

> All All income income is is recognised recognised in in the the Statement Statement of of Financial Financial Activities Activities once once the the charity charity has has entitlement entitlement to to the the funds, funds, it it is is probable probable that that the the income income will[will][be] be received received and[and][the] the amount amount can can[be] be[measured] measured reliably. reliably. 

Expenditure Expenditure Liabilities Liabilities are are recognised recognised as as expenditure expenditure as as soon soon as as[there] there is is[a] a[legal] legal or or constructive[constructive] obligation[obligation][committing] committing the[the] charity charity[to] to[that] that[expenditure,] expenditure,[it] it[is] is probable probable that[that] a[a][transfer] transfer[of] of economic economic[benefits] benefits will will[be] be required[required][in] in settlement[settlement][and] and the the amount amount[of] of the[the][obligation] obligation can can be be measured measured reliably. reliably. Expenditure Expenditure is is accounted accounted for for on on an an accruals[accruals] basis basis and and has has been been classified classified under under headings headings that that aggregate aggregate all all cost cost related related to to the the category. category. Where Where costs costs cannot cannot be be directly directly attributed attributed to[to] particular particular headings headings[they] they[have] have[been] been[allocated] allocated to[to] activities activities on on a[a][basis] basis[consistent] consistent with with the[the] use use of[of] resources. resources. Grants Grants[offered] offered subject[subject][to] to[conditions] conditions which which have have not not been been met met[at] at the the year year end end date[date] are are noted noted as as a a commitment commitment[but] but not not accrued accrued as as[expenditure.] expenditure. 

Taxation Taxation The The charity charity is is exempt exempt from from tax tax on on[its] its charitable activities. charitable activities. 

Fund Fund[accounting] accounting Unrestricted Unrestricted funds funds can can be be used used in in accordance accordance with with the the charitable charitable objectives objectives at at the the discretion discretion of of the the trustees. trustees. Restricted Restricted funds funds can can only only be be used used for for particular particular restricted restricted purposes purposes within within the the objects objects of of the the charity. charity. Restrictions Restrictions[arise] arise when when specified specified by by[the] the donor[donor] or or when when funds funds are are[raised] raised[for] for particular particular[restricted] restricted purposes. purposes. Further explanation Further explanation of[of] the[ the][nature] nature[and] and purpose purpose[of each] of each[fund] fund[ is] is included included[in] in[the] the[notes] notes[to] to[the] the financial[financial][statements.] statements. 2. 2. INVESTMENT INCOME INVESTMENT INCOME 2024 2024 2023 2023 £ £ Other Other fixed fixed asset asset[inv] inv - - UnFII UnFII - 1,493 1,493 

> Page Page[6] 6 continued... continued... 



Docusign Docusign Envelope Envelope[ID:] ID: 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 

## Wise Wise Music[Music] Foundation Foundation 

## Notes Notes to[to] the[the][Financial] Financial Statements Statements - - continued continued for for the Year the Year Ended Ended 31 31 December December 2024 2024 

|3.<br>3.|CHARITABLEACTIVITIES COSTS<br>CHARITABLE ACTIVITIES COSTS||||
|---|---|---|---|---|
|||Grant<br>Grant|||
|||funding of<br>fundingof|||
|||activities<br>(see note<br>activities<br>(see note|Support<br>costs (see<br>Support<br>costs (see||
|||4)<br>4)|note 5)<br>note 5)|Totals<br>Totals|
|||£|£|£|
||Grants and donations<br>Grants and donations|42,220<br>42,220|2,400<br>2,400|44,620<br>44,620|
|4.<br>4.|GRANTS PAYABLE<br>GRANTSPAYABLE||||
||||2024<br>2024|2023<br>2023|
||||£|£|
||Grants and donations<br>Grants anddonations||42,220<br>42,220|90,180<br>90,180|
||The total grants paid to institutionsduring the yearwas as follows:<br>The total grants paid to institutions during the yearwas as follows:||||
||||2024<br>2024|2023<br>2023|
||||£|£|
||General<br>Educations & training<br>Medical, health & sickness<br>General<br>Educations& training<br>Medical, health& sickness||725<br>5,000<br>19,950<br>725<br>5,000<br>19,950|2,400<br>52,530<br>-<br>2,400<br>52,530|
||Disability<br>Overseas and famine relief<br>Disability<br>Overseas and famine relief||2,745<br>2,745<br>-|27 ,500<br>-<br>27,500|
||Religion<br>Religion||5,000<br>5,000|-|
||Art & culture<br>Art& culture||8,800<br>8,800|7,750<br>7,750|
||||42,220<br>42,220|90,180<br>90,180|
|5.<br>5.|SUPPORT COSTS<br>SUPPORT COSTS||||
|||||Governance<br>Governance|
|||||costs<br>costs|
|||||£|
||Grants and donations<br>Grantsanddonations|||2,400<br>2,400|



6. 6. TRUSTEES' TRUSTEES' REMUNERATION REMUNERATION AND AND BENEFITS BENEFITS 

> There There were were no no trustees'[trustees'] remuneration remuneration or or other other benefits benefits for for the the year year ended ended 31 31 December December 2024 2024 nor nor for for the the year year ended ended 31[31] December December 2023. 2023. 

## Trustees' Trustees' expenses expenses 

There There were were no no trustees' trustees’ expenses expenses paid paid for[for] the[the] year year[ended] ended 31 31 December December 2024 2024 nor nor[for] for[the] the year year[ended] ended 31 31 December December 2023. 2023. 

> Page Page 7 7 

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Docusign Docusign Envelope Envelope ID: ID: 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 

## Wise Wise Music Foundation Music Foundation 

||Notes to the Financial Statements<br>Notes tothe Financial Statements|- continued<br> -continued|- continued<br> -continued|||
|---|---|---|---|---|---|
||for the Year Ended31 December 2024<br>forthe Year Ended 31 December2024|||||
|7.<br>Ts|COMPARATIVESFOR THE STATEMENTOF FINANCIAL ACTIVITIES<br>COMPARATIVES FORTHESTATEMENTOFFINANCIAL ACTIVITIES|||||
||||Unrestricted<br>fund<br>Unrestricted<br>fund|Restricted<br>fund<br>Restricted<br>fund|Total<br>funds<br>Total<br>funds|
||||£|£|Ss|
||INCOMEAND ENDOWMENTSFROM<br>INCOMEAND ENDOWMENTS FROM|||||
||Donations and legacies<br>Donations and legacies||88,125<br>88,125|-|88,125<br>88,125|
||Investmentincome<br>Investment income||I<br>,493<br>1,493|-|1,493<br>1,493|
||Total<br>Total||89,618<br>89,618|-|89,618<br>89,618|
||EXPENDITURE<br>ON<br>EXPENDITUREON|||||
||Charitable activities<br>Charitable activities|||||
||Grants and donations<br>Grants and donations||90,180<br>90,180|-|90,180<br>90,180|
||Other<br>Other||2,400<br>2,400|-|2,400<br>2,400|
||Total<br>Total||92,580<br>92,580|-|92,580<br>92,580|
||NET INCOME/(EXPENDITURE)<br>NET INCOME/(EXPENDITURE)||(2,962)<br>(2,962)|-|(2,962)<br>(2,962)|
||RECONCILIATION OF FUNDS<br>RECONCILIATION OFFUNDS|||||
||Total fundsbroughtforward<br>Total funds brought forward||(17,745)<br>(17,745)|249,000<br>249,000|231,255<br>231,255|
||TOTAL FUNDS CARRIED FORWARD<br>TOTALFUNDS CARRIED FORWARD||(20,707)<br>(20,707)|249,000<br>249,000|228,293<br>228,293|
|8.<br>8.|SOCIAL INVESTMENTS<br>SOCIAL INVESTMENTS|||||
||||||Other<br>Other|
||||||investments<br>investments|
||||||3|
||MARKET VALUE<br>MARKETVALUE|||||
||At 1 January 2024 and 31 December 2024<br>At | January 2024 and 31 December2024||||249,000<br>249,000|
||NET BOOKVALUE<br>NETBOOKVALUE|||||
||At 31 December2024<br>At 31 December 2024||||249,000<br>249,000|
||At 31 December 2023<br>At 31 December 2023||||249,000<br>249,000|
|9.<br>9,|DEBTORS: AMOUNTSFALLING DUE WITHIN ONE YEAR<br>DEBTORS: AMOUNTS FALLING DUE WITHIN ONEYEAR|||||
|||||2024<br>2024|2023<br>2023|
|||||a2|£|
||Other debtors<br>Otherdebtors|||31,238<br>31,238|-|



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> Docusign Docusign Envelope Envelope ID: D: 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 

Wise Wise Music[Music] Foundation Foundation 


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|||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Notes to|[to]|the|[the]|Financial|Financial|Statements|Statements|[-]|-|[continued]|continued|
|for|for|the|the|Year|Year|Ended|Ended|31|31|December|December 2024|2024|
|10.|10.|CREDITORS:|CREDITORS:|AMOUNTS|AMOUNTS|FALLING|FALLING|DUE|DUE|WITHIN|WITHIN|ONE|ONE|YEAR|YEAR|
|2024|2024|2023|2023|
|os|£|
|Other|Other creditors|creditors|24,800|24,800|7,400|7,400|
|11.|11.|MOVEMENT|MOVEMENT|[IN]|IN FUNDS|[FUNDS]|
|Net|Net|
|movement|movement|At|At|
|At|At|1.1.24|1.1.24|in|in|funds|funds|31.12.24|31.12.24|
|i|£|£|
|Unrestricted|Unrestricted|funds|funds|
|General|General|fund|[fund]|(20,707)|(20,707)|27,145|27,145|6,438|6,438|
|Restricted|Restricted|funds|funds|
|Restricted|Restricted fund|fund|249,000|249,000|-|249,000|249,000|
|TOTAL|TOTAL FUNDS|[FUNDS]|228,293|228,293|27,145|27,145|255,438|255,438|
|Net|Net|movement|movement|in|in|funds,|[funds,]|included|included|[in]|in|the|[the]|[above]|above|are|are|[as]|as|[follows:]|follows:|
|Incoming|Incoming|Resources|Resources|Movement|Movement|
|resources|resources|expended|expended|in|in|funds|funds|
|a|£|£|
|Unrestricted|Unrestricted|funds|funds|
|General|General|[fund]|fund|71,765|71,765|(44,620)|(44,620)|27,145|27,145|
|TOTAL|TOTAL FUNDS|[FUNDS]|71,765|71,765|(44,620)|27,145|27,145|
|Comparatives|Comparatives|for|[for]|movement|movement|[in]|in|[funds]|funds|
|Net|Net|
|movement|movement|At|
|At|At|1.1.23|[1.1.23]|in|in|funds|funds|31.12.23|31.12.23|
|S|£|£|
|Unrestrictedfunds|Unrestricted|funds|
|General|General|[fund]|fund|(17,745)|(17,745)|(2,962)|(2,962)|(20,707)|(20,707)|
|Restricted|Restricted|[funds]|funds|
|Restricted|Restricted|fund|fund|249,000|249,000|-|249,000|249,000|
|TOTAL|TOTAL FUNDS|[FUNDS]|231,255|231255|(2,962)|228,293|228,293|

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> Docusign Docusign Envelope Envelope ID:[ID:] 309CBEAO-CA25-419A-9776-5EBEE5DCBA39 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 

Wise Wise Music Foundation Music Foundation 

## Notes Notes to[to] the[the] Financial Financial Statements Statements[-] -[continued] continued for for the the Year Year Ended Ended 31 31 December December 2024 2024 

11. 11. MOVEMENT MOVEMENT[IN] IN[FUNDS] FUNDS- continued continued Comparative Comparative net net movement movement in in[funds,] funds, included included in in the the above above are are as as follows: follows: 


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|||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Incoming|Resources|Resources|Movement|Movement|
|resources|resources|expended|expended|in|in|funds|funds|
|t|£|£|
|Unrestrictedfunds|Unrestricted|funds|
|General|General|[fund]|fund|89,618|89,618|(92,580)|(92,580)|(2,962)|(2,962)|
|TOTAL|TOTAL|FUNDS|[FUNDS]|89,618|89,618|(92,580)|(92,580)|(2,962)|
|A|A|[current]|current|year|year|[12]|12|[months]|months|[and]|and|prior|[prior]|[year]|year|[12]|12|[months]|months|combined|combined|[position]|position|is|[is]|as|[as]|[follows:]|follows:|
|Net|Net|
|movement|movement|At|At|
|At|At 1.1.23|1.1.23|in|in|funds|funds|31.12.24|31.12.24|
|2|£|£|
|Unrestricted|Unrestricted|funds|funds|
|General|General|[fund]|fund|(17,745)|(17,745)|24,183|24,183|6,438|6,438|
|Restricted|Restricted|funds|funds|
|Restricted|Restricted|fund|fund|249,000|249,000|-|249,000|249,000|
|TOTAL|TOTAL FUNDS|[FUNDS]|231,255|231,255|24,183|24,183|255,438|255,438|

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> A A[current] current year year[12] 12 months[months][and] and[prior] prior year year[12] 12[months] months[combined] combined[net] net movement movement in[in][funds,] funds,[included] included in[in][the] the above[above] are are 

> as as follows: follows: 


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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Incoming|Incoming|Resources|Resources|Movement|Movement|
|resources|resources|expended|expended|in|in|funds|funds|
|=|= 2|£|
|Unrestricted funds|Unrestricted|funds|
|General|General|[fund]|fund|161,383|161,383|(137,200)|(137,200)|24,183|24,183|
|TOTAL|TOTAL FUNDS|[FUNDS]|161,383|161,383|(137,200)|(137,200)|24,183|24,183|
|12.|12.|RELATED|RELATED PARTY|[PARTY][ DISCLOSURES]|DISCLOSURES|

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There There were were no no related related party party transactions[transactions] for for the[the] year year ended ended 31[31] December December 2024.[2024.] 

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Docusign Docusign Envelope[Envelope][ID:] ID:[309CBEAO-CA25-419A-9776-5EBEE5DCBA39] 309CBEA0-CA25-419A-9776-5EBEE5DCBA39 

## Wise Wise Music Foundation Music Foundation 

||Detailed Statement of Financial Activities<br>Detailed Statementof Financial Activities|||
|---|---|---|---|
||for the Year Ended 31 December 2024<br>forthe Year Ended 31 December2024|||
|||2024<br>2024|2023<br>2023|
|||£|£|
|INCOME AND ENDOWMENTS<br>INCOMEANDENDOWMENTS||||
|Donations and legacies<br>Donations and legacies||||
|Donations<br>Donations||71,765<br>71,765|88,125<br>88,125|
|Investment income<br>Investment income||||
|Other<br>fixed asset inv<br>- UnFII<br>Other<br>fixed asset inv - UnFII||-|1,493<br>1,493|
|Total incoming resources<br>Total incoming resources||71,765<br>71,765|89,618<br>89,618|
|EXPENDITURE<br>EXPENDITURE||||
|Charitableactivities<br>Charitable activities||||
|Grants to institutions<br>Grants to institutions||42,220<br>42,220|90,180<br>90,180|
|Support costs<br>Support costs||||
|Governance costs<br>Governance costs||||
|Accountancy and legal fees<br>Accountancy and legal fees||2,400<br>2,400|2,400<br>2,400|
|Total resources expended<br>Total resources expended||44,620<br>44,620|92,580<br>92,580|
|Net income/(expenditure)<br>Netincome/(expenditure)||27,145<br>27,145|(2,962)<br>(2,962)|



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