Registered Charity.. 1022336
A Company Limited by Guarantee No. 2722361
MATRIX ARTS CENTrE
ANNUAL REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024

MATRIX ARTS CEiifRE
INDEX
FOR THE YEAR ENDED 31 AUGUST 2024
Legal and Administrative Information
Trustees, Rèport (including Dire¢tor< report)
Independent Examiner's Report
Statement of Financial Actlvltles
Balance Sheet
Notes to the Accounts

MATRIX ARTS CENTRE
LEGAL AND AOMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024
DlrectorslTfustees:
Drs M Pl￿h1n
Dr D M Griffiths
Ms A M Crosweller
Mrs A Fegyveres-Nagy
Company Registered Number:
02722361
Charlty Registered Number:
1022336
Re8lstered & Buslness Office..
15-17 The Nursery
Sutton Courtenay
Abingdon
Oxon
OX14 4UA
Independent Examlner:
Caroline Webster FCA
UHY Ross Brook
SuSte I Windrush Court
Abingdon Business Park
Abingdon
OX14 ISY
Bankers:
Barclays 8ank PLC
30 Market Square
Witney
Oxfordshire
OX28 6BJ

MATRIX ARTS CEl+lTRE
TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
Constitution
The Charity is a company limited by guarantee and governed by its Memorandum and Artitles of A550ClatlDn dated 9 March
1992.
Pilnclpal Activity and Achievements
Matrix Arts Centre is an arts education ch?rity housed in a purpose-built. award- winning building owned by the charity. The
main activity of the charity is the running of the music school but is also offers some art, dance, and fitness bctivities.
Matrix offers music Scholarships for families who would otherwise be unable to afford it. Around 500 students aged from 2
years through to adult5 attend each week.
Students and supporter5 are given opportunities to take part in performances, take music and dance exams, and attend
concerts and related social event5, including our professional concert series 'Music at Matrix,.
Flnanclal Review
The charity reported increased income this year of £268,08312023.. £236,865) and net surplus £9,37112023: £6,338). The
Trustees ensure that adequate cash balances are held to meet liabilities, and that surplu5 funds are invested.
Risk Management
The Trustees ￿EUlarlY review the ma.lor risks whlch the charity faces and confirm that Step5 ore taken where necessary to
reduce those risks.
Reseryes Pollcv
The Trustees aim to keep six month5 expenditure in free reserves.
Recrultment and Appointment of New Trustees
The trustees, whilst not having a formal recruitment policyi look for opportunities to appoint as trustee5' people who would
be of benefit to the charity. Two additional trustees were appointed recently.
Responslbllltles of the Trustee5
The Trustees (who are also dlrectors of the Matrix Arts Centrel 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 Przcticel.
Company law requires the Trustees to prepare financial statements for each financial year which glve a true and fair view of
the state of affairs of the tharitable company and of the incoming resourtes and application of resources, including the
income and expenditure, of the charitable company for that year. In preparing the financial statement5, the Trustees are
required to..
Select suitable accounting policies and then apply them consistentlv,.
Observe the methods and principles in the Charities SORP:
State whether applicable UK Aciounting Standards have been followed, subject to any material departures
disclosed and explained in the fiftancial statements,.
Prepare the financial statements on the going concern basis unle55 it is in3pproprlate to presume that the charity
will continue in operation.

MATRfX ARTS CENTRE
TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT) ICONTINVATIONI
FOR THE YEAR ENDED 31 AUGUST 2024
Responstbilitie5 Otthe Trustees {tontlnued}
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the
financial position of the charity and whid) ènable them to ensure that the accounts comply with the Companies Act 2(K)6.
Thèy are also reSPon￿bIe for safeguarding the assets of the ¢harity and hence for taking reasonable steps for the prevention
and detection of fraud and other Irregularities.
Publlc benefit
The Trustees conflrm that they have ¢tsmplied with the duty in Section 17151 of the 2011 Charitie5 Act to have due regard to
public benefit guldance published by the Charity Commission.
The report has been prepared In accordance with 5èCtion 41912) of the Companies Act 21X)6 relating to small companles.
?*INdrth, Z025
Approved by the Trustee Board on ...... ..........-.
Dr S M Pinchln
TDJStee

INDEPENDENT EXAMINEIVS REPORT
TO THE TRUSTEES OF
MATRIX ARTS CENTrE
I report tts thè charity trustees on my examinaiion of the accounts of thè charity for the year ended 31 August 2024 which
are set out on pages S to 10.
Responsibllltles and basis of report
Asthechartytrustees of the ccThpany {afMI akn its direttor5 forthe purposes of oimp3rtylawl you are r*s¥￿sIL4efOrthe weparatK)n
ofthe accounts in aCttjrdar￿W1ththe requiranents of the CompHnie5Act2(K6 {the21￿ Pdl.
FlavirE satisfied myselfthattheaccounts oftheaxnpany are notrequired to be awlited underPart 16 of the 2[￿ Act and ￿e eligible
for indepèndentexamination. I rekX)rt in re4)Èttof my examinatTM Dfyour cornpanVsaca>untsas carriedoutundersection 145 of
the charitiesAct 20111'the2011kVI. In cwTringtsutmyexaminalK)n I h￿fOllOWed thè Drectionsgiven bythecharity Commi55KJn
undttseaion 1451SKb}ofthe 2011P£t.
Independent examlner's statsment
I have completed my examination. I confirm that no matters have come to my attention in connection wlth the examination
givin8 me cause to believe th3t in any material respect..
èccountlng records were not kept in respert of thé comparry as requlred by sectlon 386 of the 2006 Act; or
the accounts do not accord with those records," or
the accounts do not comply with the atcounting requirements of section 396 of the 21YJ6 Act other than anv
requirernentthatthe accountsgive tt'tn￿ and fair viev/ which 15 not a matter considered aspart of an independent
examination: or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 10211-
I have no concern5 and have come across no other matters in connection with the examlnation to which attention should be
drawn in this report to enable a proper understandin8 of the accounts to be reached.
line Webster FCA
Y R055 Brooke
Windrush Court
Abingdon Business Park
Abingdon
OX14 ISY
Date..

MATRIX ARTS CENTRE
srATEMENT OF FINANCIAL AcTIV￿lEs
(INCLUDING INCOME AND EXPÉNDITURE ACCOVNn
FOR THE YEAR ENDED 31 AUGUST 2024
Restrlcted
Funds
2024
Unrestrleted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Income and expendlture
Incoming Resources from dwritsble
artfvltles
Fees recèived
Cgncert sales
252,427
5.890
8.120
1,646
268.083
252.427
5,890
8.120
1.646
223,373
4.160
8.909
423
Room Hire
Other Income
Tolal Income
268.083
236,865
Expendlture on charitable activitks:
Teachers fees
Administration fees
126.217
43.541
126,217
43.541
110.092
43,131
Premlses
Premises expenses
Insurance
Sundry
Depreciation -Building
11.464
5,017
2,851
9,395
11,464
5.017
2,851
11,795
10.014
4,SOS
1,813
11,795
2,400
5￿pPOrt costs
Exam fees and MLSSIC expenses
Advertlsing
Printing. postage. stationery and
telephone
Sundry
Insurance
Depre¢lation- Plant & machinery
38,896
38.896
144
2,133
37.623
191
1,479
2.133
1.602
1,602
300
1.542
300
6.872
6,872
1997
Other interest payable
Independent examiners fees
6,406
1,474
6,406
1,474
3,742
1,303
Total Resources Expended
2.400
256,311
258,712
230.527
Net Inrome forthe year
Totsl funds brought forward
{2,4001
12.025
11.771
229,123
9.371
241,123
6,338
234.810
Totsl lunds carrted lorward
9,625
240,894
250.519
241.148
The Statement of Finan¢ial Activities includes all galns and losses recognised in the year. All income •nd expenditure derive
from continuing activities.

MATRIX ARTS CENTRE
BALANCE SHEET
AS AT 31 AUGUST 2024
Note5
2024
2023
rryed A55ets
Tanglbie assets
277,708
278,796
Current Asset5
Cash at bank and in hand
104367
99,177
Liabilities
Creditors-Amounts due wÉthin
one year
17,SCK)I
17.3801
Net ￿rr@￿t Assets
96.867
91.797
Totsl Asset5 less Current
liabilities
374,575
370,593
Cfedltors- Amounts falling due
after more than one year
1124,0561
1129.4451
Net Assets
250,519
241,148
The Funds of the Charlty
Unrestricted income funds
Restr5tied funds
240,894
9,625
229,123
12,025
Total Charity Funds
250,519
241,148
The notes on pages 7 to 10 forni part of these accounts.
The directors arÈ satisfied that the company was entitled to exemption under section 477 of the Companies Art 2006 and
that members have not required an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
ensuring that the company keep5 accountin8 re¢ords whlch comply wlth Sertion 386. and
preparing accounts which g¢ve a true and fair view of the state of the affairs of the company as at the end of the
finan¢lal year and of its profit and loss for the financlal year in accordance vjlth the requirements of this Act relating lo
accounts, so far as applicable to the company.
These financial Statements have been prepared in accor&nce with the special provisions of the Companiès Act 2006
relating to small companies and the Financial ReportirE Standard applicable in the UK and Republit of Ireland IFRS1021.
These financial ststements were approved and authorised on.....
ON 8EHAtS OF IHE TRUSTEES
Dr S M Pinchin ITru5teel

MATRIX ARTS CENTRE
NOTESTO IHE ACCOUhfrs
FOR THE YEAR ENDED 31 AUGUST 2024
l. Accountln8 Policies
The following accounting policies have been used consi5tentty in dèalingwith item5 which are considered material in relation
to the charitrfs accounts.
{al Basis of Accountln8
Matrix Arts Centre constitutes a public benefft as definèd by FRS 102. The finanaal statements are prepared under the
historical cost conventlon and in compllance with the Charities A¢t 2011, the Charitie5 Statement of Recommended Practice
IFRS 1021, and FRS 102 IEffective l January 20191, The Financial Reporting Standard. applicable in the UK and Republic of
Ireland. The finantlal ststements have been prepared on a going concern basis. The trustees Consider that there are no
material untertainties about the charltvs ability to contlnue as a going concern.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest
Ib) Company Status
Matrix Arts Centre is a company limited by guarantee lir¢corporated In England and Wales on the iith ol June 19921. The
membèrs of the company are the Trustees named on page l. In the event of the company being wound up, the118bility in
respett of the guarantee is limited to £1 per member of the ¢ompanv.
Ic)Tan8lble Flxed Assets and Depredatlon
Tanglble fixed assets are ¢apitalised at histor1¢ cost less depreciation which is calojlated to write off the cost of fixed assets
on a reducing basis over therr estimated useful economic lives to their estimated residual values at the following rates..
Freehold buildings
1% on cost and IO% for extension.
Office furniture
- 25% reducing balance.
Motor vehicles
25% reduclng balance.
Assets are reviewed annually for Trmpalrment. Thechèrlty has a de- minimis limits of £100 for the capitslisation of fixed assets.
Idl Income
All income resoLtrces are included in the statement of Financlal Activities1SoFAI when the ¢harity is legally entitled to
the Income after any performance conditions have beèn met, the amount can be measured reliably, and It is probable
that the income will be received. The following specific policies are applied to the following categories of inc¢me'.
Donations- For donatlons to be recognised the charity will have been notified of the amount5 and the settlement date
in writing. If there are conditlons attached to the donatlon and this requires a level of performance before entitlement
can be obtained, then income is deferred until those tonditions are fully met or the fulfilment of those conditions is
within the ¢onlrol of the charity, and it is probable that they will be fulfilled.
Grants- Income from govemment and other grants are reco8nised at fair value when the charity has entitlement after
any performanceconditlons have been met, it is probable that income will be received, and the arnount can bè measured
reliably.
Donatsd 8oods, facilities. and servlw- Donated facilities and donatèd professional servlces are recognised in in¢omÈ
at their fair value wheTr their economic benefit is probable. it can be measured reliably. and the charity has control over
the item. Fair value is determined based on the valué of the gift to the charity, For example, the amount the charity
would be wtlllng to pay in the open market for suth facillties and services. A corresponding amount is recognised in
expenditurt.
{elExpendlture
All expenditure is accounted for on an accruals basis and has been dassified under headings that aggre8ate all costs related
to the category. Expenditure Is recognised where there Is a legal or constr4JCtive obligation to make payments to third parties,
It Is possible thatthe settlement will be required, and the amount of the obligation can be measured rèliably. It is categorised
underthe followlng headings.
Charitable expendtture- These are costs incur￿d on the charitable activities. Including support costs and costs
rèlating to the goveman¢e of the charity apportioned to charitable activbtles.

MATRIX ARTS CEKfRE
NOTES TO THE ACCOUNTS ICONTINIJED
FOR THE YEAR ENDED 31 AUGUST 2024
AII costs are allocated betsmeen the expenditure categories of the SOFA on a basis designed to reflect the use of the
resourcè. Costs relatingto a particularactivityare allocated directly. Resour¢es expended are recognised in the year
to whlchthey relate. Ir￿COVerable VAT is included in thÈ relevant headin&
Fund Accountln8
Unrestricted funds are general fun(ts that are available fgr use at the trustee's discrètttin in the furthefanee of the objects of
the charity- Designated funds are those earmarked by the trustees for use in a partScular area or for Specific areas.
rixed Assets
Frééhold
Land
Freehold
Buildinis
Plant and
Machinèry
Total
Cost:
At I September 2023
Additions
Dispos015
120,042
230,330
119,604
17.579
469?76
17.579
At JI August 2024
0,042
230,330
137,183
487.555
DeprL¥latlon:
At I September 2023
Disposals
Charge in year
At 31 August 2024
8L485
109,695
191,180
11.795
93,280
6.872
116,567
18.667
209,847
Net Book Value:
At 31 Au8USt 2024
121J,l)42
20,616
277,708
At 31 Aug1￿ 2023
120,042
9.909
278,796
Credltors-Amounts due wlthin one year
2024
2023
Other creditors and accruals
7,380
7.500
7.380
Credilor5-Am¢Junts taIts￿ due after one year
2024
2023
Other loans
124.056
129.445
There is a charge on borrowiTr85 held over the freehold land and buildings.

MATREX ARTS CEKfRE
NOTES TO ThE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Related PartyTransartloDs
No tTh￿tee received any remuneration or expenses during the year.
The charity contracted sdf-employed teachers during the year.
There are no employees earning over £60,000.
The charity has a loan from a related party, Lsndsay MacKenzie. the eentre Manager. There Is a repayment plan in place. At
the year end the outstanding amountwas £106.53312023: £104.4441.
Comparatlve 2023 Statement of Anandal Actfvltles
Total
Funds
2023
Totsl
Funds
2022
Income and expenditure
Incorning Resources from charTtable
artivltles
Fees received
Concert sales
223,373
4,160
8,909
423
202,415
4.461
9,159
147
Room Hire
Other Income
Totsl inwme
E￿endItuTe on charltable actl¥ltles:
236,865
216,182
staff
Teachers fees
Administration fee5
110,092
43,131
106,256
23.872
Premlses
Premise5 expenses
Insurance
Sundry
Depreciation -8uilding
10,014
4,505
1,813
11.795
17,963
4,157
1,585
11.795
Support costs
Exam fees and music expenses
AdvertSsing
Printin& postage. stationery and
telephone
Sundry
Insuran
37,623
191
1.479
30.499
199
1,233
1.542
300
2.997
3,136
Depreciation- Plant & machinery
2,997
Other interest payable
Independent examiners feès
3,742
1,303
4.083
1.200
Totsl Resources Expended
230.527
209,275
Net In¢ome lor the year
Totsl funds brou8ht forward
6.338
234,810
6,907
227,903
Totsl funds carried forward
241,148
234010

MATRIX ARTS CENTRE
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Analysi5 of net assets between funds
Reslricted
Unrestricted
Funds
Total 2024
Tangible Fixed assets
Current Assets
Liabilities
Net assels at 31 August 2024
9,625
268,083
104.367
1131,5561
240,894
277,708
104,367
1131,5561
250,519
9,62S
The restticted fund relates to grants amoufitlng to £26.000 for the new extension in 2018. The fund Is being written
off over the period over which the extension is beingdepreu*ed. The VWHDC has a charge on the building whlch will
be removed rfthe charity is Still using the extension ten years from 2018.
10