Charlty number: 1015089.
BUSKAID
UNAUDITED:
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1l4+,'.L
Ill"I,:,
BUSKAID
CONTENTS
Page
Reference and Admlnlstratlve Detalls of the Charlty, Its Trustees and Advlsers
Trustees, Report
Independent Examlner's Report
Statement of Flnanclal Actlvltles
Balance Sheet
Notes to the Flnanclal Statements
10-20

BUSKAID
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Alan Moses, Chair (resigned 2 October 2024)
Mr Paul Boucher, Treasurer
Mrs Clico Kingsbury, Trustee (resigned 5 January 2025)
Ms Rosemary Nalden, MBE, Trustee
Ms Henrietta Wayne, Trustee
Nicholas Wilks, Trustee (resigned 2 October 2024)
Charity reglstered
number
1015089
Principal office.
10 Dryden CourtG*#: .
Parkleys
Richmond
TW10 5LJ
' Admlnlstratlve Officer
Dr Mary-Jannet Leith,,;
Independent Examiner Miss Barbara Roberts FCA
3 Kirkleas Road
Surbiton
Surrey
KT6 6QJ
Bankers
Arbuthnot Latham & Co. Ltd
Arbuthnot House
20 Ropemaker Street
London
EC2Y 9AR
Metro Bank
137 Chiswick High Road
Chiswick,
London
W4 2ED
Accountants
GMBC LLP
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH
Page 1

BUSKAID
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of Buskaid for the period 1
January 2024 to 31 December 2024.
Objectlves and actlvltles
a. Pollcles and objectlves
The objectives of the Charity are to advance the education of the public by promoting the performance and.
.appreciation of European classical music (symphonic, choral and chamber) and African traditional music,
particularly in the townships of South Africa, by residents of such townships. In addition, to seek world-wide
public appreciation of such performances, and generally to promote classical musical and instrumental training
together with the training and development of craftsmen to repair and maintain classical musical instruments of
residents of such townships: and to promote like activities in other impoverished regions of the world.
The Charity's primary focus is raising funds to support the Music School in Soweto through Buskaid SA, and
Buskaid SA students pursuing tertiary study in the UK.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a
charity (PB2)'.
Achievements and performance
a. Review of activities
During 2024, the Buskaid Music School continued to thrive. Regular teaching continued, and the Buskaid
ensemble performed at a variety of concerts, including in the local community of Diepkloof, Soweto. Buskaid UK
continued to support the music school's activities.
In 2024, Buskaid UK made a grant to Buskaid South Africa (£4,273) to sponsor a workshop in the bush (2023:
no grant). £8,591 (2023: £2,535) was spent by Buskaid UK on musical instruments, musical accessories and
musical equipment, for use by BSA. Buskaid UK received no donated musical instruments, music. or
accessories during 2024 (2023: £65). Donated musical instruments and accessories make a significant
contribution towards ensuring that every child gets an opportunity to play on a suitable instrument, as the school
currently has over 100 students. Once received, these instruments and accessories are donated and shipped by
Buskaid UK to Buskaid SA for the sole use and benefit of the pupils of Buskaid SA. There was no expenditure in
2024 (2023: £564) on shipping both purchased and donated instruments and accessories to the Buskaid Music
School in South Africa. Ordinarily, instruments, music and equipment are packed and shipped by Grahams Hi Fi
in North London, which donates the time and expertise of its employees as a generous in kind sponsorship.
There were no Buskaid students studying at higher education establishments in the UK during 2024. However,
one Buskaid student (violinist Tshidiso Boikanyo) benefitted from several lessons with violin teacher Paul Barritt
in the UK via video conferencing software. Expenditure on tuition during 2024 totalled £320 (2023: £1 ,973).
Substantial grants and donations for general funds In 2024 were received from: the estate of the late Edward
Anthony Edward Wise Cooper (£270,000); Tristan Jakob Hoff & Amy Walker (£1,200); Richard Buccleuch
(£1,000); and Nancy Elan (£500). Overall, Income from donations and legacies combined increased from
£19,918 (2023) to £277,301.
Buskaid's activities, publicised through newsletters and on the charity's social media plattorms, continue to solicit
international donations, which are processed via the Buskaid website, through the Give a Little plattorm. The
income from the sale of CDS is received on behalf of Buskaid South Africa, and is transferred regularly. CDS and
DVDS are now sold in physical copy by a Buskaid UK volunteer, and in physical copy and electronic form by
Page 2

BUSKAID
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performance (continued)
Buskaid South Africa.
Buskaid UK'S network of volunteers who promote Buskaid nationally make a considerable contribution to its
profile, increasing awareness of the valuable work being done to help young people in Soweto achieve their
potential. Buskaid is grateful to all its volunteers and supporters who continue to promote Buskaid's work.
b. Investment policy
During 2024 funds held in the UK continued to be held in current and deposit accounts so they could be
accessed at short notice.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt
the going concern basis in preparing the financial statements.
b. Reserves policy
The majority of the reserves shown in the balance sheet are represented by cash.
c. Financlal Review
Gross income for 2024 was £277,301, an increase from £19,918 in 2023, to the receipt of a significant legacy in
2024.
Gross expenditure increased slightly to £14,098 in 2024 (2023: £9,566). Support costs (primarily administration
costs) were £4,379, a slight increase from £3,787 in 2023.
Page 3

BUSKAID
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governa.nce and management
a. Constltution
Buskaid is a registered Charit'y number 1015089, and is constituted under a Trust Deed dated 7 October 1992.
b. Methods of appolntment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust Deed.
When vacancies arise on the Board of Trustees, potential new trustees with the requisite skills are sought from
amongst individuals, groups and organisations who are known to be sympathetic to, and have an interest in, the
Charity's work. Potential candidates are briefed about the Charity by the Chair of Trustees and invited to attend
a Trustees meeting to meet the other Trustees. The potential candidate is then invited to become a Trustee if a
majority of Trustees vote in favour of his/her appointment. New Trustees may be elected and co-opted at any
time provided the number of Trustees at that point in time does not exceed seven.
c. Organisational structure and declsion-making pollcles
The Charity holds Trustees meetings at least three times a year, and more frequently if the need arises. There
are no employees - the administration, which amounts to about 7 hours a week, is contracted out to a freelance
administrator, and other tasks such as CD sales and the collection of donated instruments are undertaken by
volunteers. Direct contact with the public is also undertaken by a network of volunteers supported as needed by
the Administrator and Trustees. It is the volunteers, together with the Trustees, who actively promote the Charity
and its work through fundraising efforts around the UK.
d. Policles adopted for the Induction and tralning of Trustees
Induction of new Trustees is the responsibility of the Chair of Trustees and the Administrator. This covers
awareness of a Trustee's responsibilities, a copy of the governing document, a summary of administrative
procedures, and the history and purposes of the Charity. A new Trustee is also given a copy of the previous
year's Annual Report and Accounts, the most recent Annual Review, minutes of recent Trustees, meetings,
along with a copy of the Charity Commission leaflet "The Essential Trustee - What you Need to Know".
Page 4

BUSKAID
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management (contlnued)
e. Related party relatlonshlps and cooperatlon wlth other charltles
Buskaid had no related parties as defined by FRS 102. Buskaid discharges its charitable role by supporting The
Buskaid Trust" in South Africa. The Buskaid Trust is a separate South African charity based in Soweto which
supports and runs a Music School and the Buskaid Soweto String Ensemble. As both the South African charity
and the Charity in the UK are known as Buskaid, to avoid confusion the UK charity is referred to as Buskaid UK
and the South African charity as Buskaid SA throughout the Trustees, report. Buskaid charitable trusts also exist
in the USA (Buskaid USA). These three charities do not form a corporate group.
f. Flnancial rlsk management
As a body, the Trustees regularly monitor the major risks to which the charity is exposed and systems have been
put in place to mitigate those risks. In addition, each Trustee has taken responsibility for overseeing areas of
risk in which he/she has particular expertise. Specific areas and action taken are identified below:
Trustee succession planning
Steps to mitigate against the possible loss of any key member of the team
Clear structure of financial controls and generation of regular reports
Awareness of external risks such as political risk
The development of a coherent fundraising strategy
Good communication and clarity in the division of responsibilities between Buskaid UK and Buskaid SA
Plans for future periods
UK fundraising for 2025 will continue to build on the increased public awareness of Buskaid, and aim both to
maintain support4fom existing donors, and to attract new supporters to Buskaid.
Buskaid UK hopes to raise suff icient funds in 2025 to:
Continue to contribute towards teachers, salaries and running costs at the Music School in South Africa.
Continue to contribute towards the fund for the extension oS,the Buskatd Music Sch901 in South Africa.
Page 5

BUSKAID
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees, responslbllltles
The Trustees 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
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming
resources and application of resources, including its income and expenditure, for that period. In preparing these
financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charivs transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees on I g . 1 O . Z g
their behalf by:
and signed on
Mr Paul Boucher
(Trustee)
Page 6

BUSKAID
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examlner's Report to the Trustees of Buskald ('the Charlty,)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responslbllitles and Basls of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a Fellow of
the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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 (FRS 102) in
preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charitls Trustees as a body, for my work or for this report.
Signed: £ ￿￿._
Mlss Barbara Roberts FCA
3 Kirkleas Road
Surbiton
Surrey
KT6 6QJ
Dated: Is. 10.*VLS
Page 7

BUSKAID
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
575
.276,726
2T7,301
19,918
19,918
Total Income
575
276,726
277,301
Expenditure on:
Raising funds
Charitable activities
269
13,328
269
13,828
500
9,565
Total expenditure
500
13,597
14,097
9,565
Net income
Transfers between funds
75
263,129
(1)
263,204
(1)
10,353
13
Net movement in funds
75
263,128
263,203
10,352
Reconciliation of funds:
Total funds brought forward
Net movement in funds
9,753
75
21,190
263,128
30,943
263,203
20,591
10,352
Total funds carried forward
9,828;
284,318
294,146
30,943
he Statement of Financial Activities includes all gains and losses recognised in the
ear.
The notes on pages 10 to 20 form part of these financial statements.
Page 8

BUSKAID
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Current assets
Debtors
Cash at bank and in hand
10
728
294,546
5,416
26,127
295,274
31,543
Creditors: amounts falling due within one
year
11
(600)
(1,129)
.294,145
30,943
Net current assets
Total assets less current liabilities
294,145
30,943
294,145
30,943
Total net assets
Charity funds
Restricted funds
Unrestricted funds
13
13
9,828
284,317
9, 753
21, 190
Total funds
294,145
.30,943
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Mr F>aul Boucher
(Trustee)
Date:
iy. 10
The notes on pages 10 to 20 form part of these financial statements.
Page 9

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Informatlon
Buskaid is a Charity registered in England and Wales, number 1015089. The principal address is 10
Dryden Court, Parkleys, Richmond, TW10 5LJ.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 .
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Buskaid meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable.. Evidence of
entitlement to a legacy exists when the Charity hasAufficient evidence4haL a gift has'kSeen left to
them (through knowledge of the existence of a valid will and the death of the benefactor) and the
executor is satisfied that the property in question will not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when it is probable that it will be received and the fair value
of the amount receivable, which will generally be the expected cash amount to be distributed to the
Charity, can be reliably measured.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page 10

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles (contlnued)
2.3 Expendlture
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 accounted for on an accruals
basis and has been included under expense categories that aggregate all costs for allocation to
activiites.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity; this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page11

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles (contlnued)
2.7 Llabllltles and provlslons
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity 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 particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
500
1,000
500
1,000
Nancy Elan
Richard Buccleuch
Clico Kingsbury
Tristan Jakob-Hoff & Amy Walker
Roger & Rosemary Chadder
Paul Boucher
Jane Barker
Maya Homburger
Celia Harper
. Lavender Buckland
Legacles
The Estate of the late Anthony Edward Wise
Cooper
2,000
1,200
1,000
500
8,000
687
1,000
1,200
1,200
450
450
270,000
270,000
273,150
15,387
Subtotal detalled disclosure
Total Smaller Donations
Grants
450
272,700
125
4,026
4,151
4,481
50
575
276,726
277,301
19,918
Total 2024
403
19,515
19,918
Total 2023
Investment income
Page 13

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on ralslng funds
Costs of ralslng voluntary Income
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
269
269
Costs of raising voluntary income
Page 14

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expenditure on charitable actlvities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Promoting performance and appreciation of
music in the townships of South Africa
500
13,328
13,828
9,565
9,565
Total 2023
348
9,217
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
. 2024
Total
funds
2023
Promoting performance and appreciation of
music in the townships of South Africa
9,450
4,379
13,829
9,565
Total 2023
'5,778
3,787
9,565
Analysis of direct costs
Total
funds
2024
Total
funds
2023
Activities
2024
Shipment cost of items to Buskaid SA
Music teachers, fees
Music exam fees
Grants of equipment and music to Buskaid SA
564
1,973
706
2,535
320
539
8,591
320
539
8,591
Total 2024
9,450
9,450
5, 778
Total 2023
5, 778
5, 778
Page 15

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by actlvltles (contlnued)
Analysls of dlrect costs (contlnued)
Analysls of support costs
Total
funds
2024
Total
funds
2023
Actlvltles
2024
Administrator fees
Other support costs
Bookkeeping
Accountancy
Fundraising platform fees
Bank charges
Trustee meetings administration
Travel cost
1,500
632
930
600
380
1,500
632
930
600
380
1,680
181
750
600
479
50
240
97
240
97
47
Total 2024
4,379
4,379
3,787
Total 2023
3,787
3,787
Independent examiner's remuneration
The independent examination was provided pro bono. The value of this cannot be reliably measured.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, expenses totalling £96.25 were reimbursed or paid directly to
Trustee for travel expenses. (2023 - £NIL).
Page 16

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Debtors
2024
2023
Due withln one year
Other debtors
Prepayments and accrued Income
Gift Aid tax recoverable
3,713
240
1,463
728
728
5,416
11. Creditors: Amounts falling due within one year
2024
2023
Other creditors
Accruals and deferred income
529
600
600
1,129
600
12. Financial instruments
2024
2023
Financial assets
Financial assets measured at amortised cost
294,546
26,127
2024
2023
Financial liabilities
Financial liabilities measured at amortised cost
(1,129)
(600)
Financial assets measured at amortised costs comprise cash at bank and in hand and other debtors.
Financial liabilities measured at amortised cost comprise other creditors and accruals.
Page 17

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
In/out
Income Expendlture
Unrestricted funds
General Funds - all funds
21,190
276,726
(13,598)
(1)
284,317
Restricted funds
Instrument fund
The Buskaid Music School
extension
127
575
(500)
202
9,626
9,626
9,753
575
(500)
9,828
Total of funds
30,943
277,301
(14,098)
(1)
294,145
Aim and use of restricted funds:
The instrument fund was set up in a prior year and the funds are to contribute to the cost of violins and
violin accessories for the Buskaid Music School.
The Buskaid Music School extension fund was set up in a prior year to fund the future extension of the
Buskaid Music School building in Diepkloof, Soweto.
Page 18

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Statement of funds (continued)
Statement of funds - prior year
Balance at
31
December
2023
Balance at
1 January
2023
Transfers
in/oul
Income Expenditure
Unrestricted funds
General Funds - all funds
21,190
10,893
19,516
(9,218)
Restrlcted funds
Instrument fund
The Buskaid Music School
extension
72
403
(348)
127
9,626
9,626
9,698
403
(348)
9, 753
Total of funds
20,591
19,919
(9,566)
30,943
Page 19

BUSKAID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Analysls of net assets between funds
Analysls of net assets between funds - current perlod
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Current assets
Creditors due within one year
9,828
285,446
(1,129)
295,274
(1,129)
Total
9,828
284,317
294,145
Analysis of net assets between funds - prior period
Restricted Unrestricted
funds
funds
2023
2023
Totaj
funds
2023
Current assets
Creditors due within one year
9, 753
21,790
(600)
31,543
(600)
9, 753
21,190
30,943
Total
-Page 20