Registered Charity.. 1022336 A Conwaw LfjmSted by Guarantee No. 2722361 MATRIXART5 (ENFRE INUAL PEPORYAND UMAUDITEDACCOUNTS FOR THÉ YEAR ENOED 31 AUGUSf 202S
MATRIX ARTS CENfRE INDEX FOR THE YEAR E14DE0 31AUGUST 1025 Pagè Legal and Adrnin15tratlve Informatpjn Trustees. Report Ilncluding Dlredors. reportl Independenl Examinerfs Report Statement of Finanual ACtIvleS Balance Sheet Notes totheAttounts
MATRIXARTS CENTRE LEGALANO ADMINISTRATIVE INfoRMAnoN FOR THE YEAR ENDED 31 AUGUST 2025 tire¢tsYsftrustees: Dr S M Pinchin Dr D M Griffiths MSA M Crosweller Ire51Bned 27 August 20251 Mrs A Feweres.Nagy Company Re8lstered Numb•r' 02722361 (hth Rets•r•d Numr. 1022336 R8gi¥tered & Buslness Offi¢t', 15-17 The Nursery Sutton Courtenay Abingdon Oxo OX14 4UA Indeperthnt Examiner.. Caro¢ine Webster FCA UHY Ross Brooke ste I Windrush Court Abingdon 8uslnes5 Park Abin8dttn OX14 ISY ankers: Barclays Bank PLC 30 Mèrket Square Witney Oxlordshire OX28 6BJ
MATRIM ARTS CENTRE TRUSTEES poRT IINCiUDING DIREoRs, REPORT) FOA IHE YEAR ENDED 31 AUGUST 2025 Constitutlon The Charity is a company limlted èy guarantee ènd 8overned by tts Memorandum and Artlcles of A550ciation dated 9 March 1992. Prlndpal Aclivity and Achievgmenis Matrix Arts Centre 15 an arts education charity housed in 3 purpose-builr, avvard- winning bulldin8 owned by the charity- The main activity of the charity is the running of the music school but Is a150 offers some art. d4nie, and fitne55 4Ctivities. Matrix offer5 music scholarships for families who would otherwise be unable to affDrd it. Around 50Q students a8ed from 2 years ihrough to adults 3ttend Èach week. Students and suptK)rters are gen opportunities to take part in performances. take MUS and dance exams, attend concerts and related social events, Includsngour professional concert 5eries'Musit at matr.. Financial R*view The charlty reported decreased incDme thls year of £259.516 12024.. £268.08313nd net deficlt of £2,19612024.' suvplus £9,3711- The Trustee5 ensure that adequate cash balarKe5 are held to meet liabllities, and that surplu5 funds are invested. Rlsk ManaRemeni The Trustees regularty review the major risks whlch the ch3rity faces and confirm Ihat steps are taken where necessary to reduce those risks. Reserves Policy The Trustees aim to keep Six months expendsture in free reserves. R8crultmenl and Appoirtment of New Trustees The trustees. whi15t not havlng a forwl recruitment policy, look for OppOrtune5 to appoint astrustees. people who would be of benefitto the charity. Two hdditional trustees were appointed recently. Responsib116ties of the Twstees The Trustees (who are also directors of the Matrix Arts Centrel are SponSible for preparing the Tru5tees' Report and the flnancial Statements in attordance with applicable law and United Kingdom Accounting Stan(tsrds Iunlled KingdomGener311v Accept@d Accountin8 Prècricel. Company law requires the Trustee5 to prepare financial Statements for each financial year which give a tTue and falr view of the stste of affairs of the charitable company and of the incoming resources and application of resources, includin6 the IKome and expenditure. of the charitable company for that year. In pweparlng the fi'nancial ststement5, thÈ Trustees are requlred to.. Select sultats accounting policies and then appty them £onsistentty.' Observe ihe methodsand principks in the Charlties SORP,. state whether applicable LJK Accounting Standards have been followed. SL4blect to any material departures di5tlosed ènd explained in the financial st8tement5.' PreparÈ the financial statements on the going concern basls unles5 inappropri3te io pSurne that charity will contlnue in operation.
MA7AIX ARTS CEfffliE TRU5TE£S REPORTIINCLUDING DIRECTOW aEPORn IcoNtlNUATIONI FOR THE YEAR ENDED 11 AUGUST 2025 Respon4bllltEés of the Trurtees leononuedl The Trustees are Tesponsible lor keeplng proper 8CCOUnting Tecords which disclose with reayJn2ble accuracy at any timethe financial position ol the ¢harity and which enable them to ensure that the accounts comply wtth the Companies Att 2006. They are also responsible forsèfegafdlng the #ssets of the charity and hence for taki reasonable steps lorthe preverstion detertl¢n of fraud and othei irre8ularitie5. Publlc benefft TheTrustees conlirrn ihat they have complied the duty in Sectlon 17151 of the 2011 Charttles Artto have t*Je regard to yublic benefit guidance published tythe Char5tyCommkSSiOn. The wepDrt hds been prty4red in accordance with 5etdon 419121 of the Companles Att 20L% relatingto small ¢ompanles.
.......AFid, 201 Approved by the Trustee Board on......... Drs M Pinchin Trustee
INDEPENCt4TEXAMINÉWS REPORT TO THE TRuEE$0$ MATRIX ARTS CENfRE I report to tht Charity trustees on my examinatlon of the accounts of the charty for the year ended 31 Au8U5t 2025 whlch are Set out on pages S to 10. Respon51bSllt5e5 baskof report A5thetharitytrusteesdthe rn laNI also its dire¢ttys forthe PuSe50frJ>rnpanvlaWl you arerespwtsbkforthe prtparation ofthe accountslnaco)rdanwiththrtquremeffls oftheCNfipanACt 20(1he2Act'I Hav1•gl(5fiedrnvSftttlrKcQts of the (vmtwtryare rK)treqviredto beaudrted under P?rtl6dthe26 Art¥rlared¥e forindependentexamination. I rep¢rtin respect of mye¥aminal¢)n ofpuro)mp3Tr1sawuntsascarriedout under5ectK>n 145 of theChaiitse5A(t20111'the 2011ArfI. In carry&w0utmyexaminati Iha¥efollcedthe tl'redl¢n$8iwen bythecharrtycornrn5)p UnderseCt7n 1451Sllbl ofthe ZOIIP Independent•rnIng3 Statement ntrthectsnpanlsslnc(ne #[thed£25o.¢AX7YOurex4M1nerrnuS[bea mernber¢A¥ IMlISdin secth)Tr 145 ofthe 2011 Att Iconfirmlt lamqu31ffiedto undertsketheeK2minationbecau*l ama memberof ttre InStthofCharteredA£a>tants Endènd and Wde4 whithisoneotthe list I have cofflpleted myexarnination. I cwlirm ih8t no matter5 hove cometo my attention In connectlon wlth the examination gwin8 mec3use to believethat in any material reS¢t.. artountiryg records were not kept in respect of the ¢ompany as required sertion 386 01 the 21X)6AcL' or the accounts do not accord with those records., or accounts do not comply with the accounting requiTements of section 396 01 the 2W16 Act cther than anv requirementthatthe accountsgwe a true and fairview/whl¢h is nota matterconsldered as part of an independent examination: or the accounts have Tr)t been prepa In accordarce wlth the methods and principles ol the Ststement of Re¢ornmended artIce for accountin8 and reporting by charities lapplicable io charities preparing their atcounts accordance with the Flnancial Rep)rting Standard applicable in the UKand Republtc of Ireland (FPS 10211. I have no corKems 2nd have come acf055 no other matter5 in ¢onnettion with theexarninatlon towhtth attention ShJId be drawn in thi5 POrt to enable a proper understsndirsg ol the accountsto be reached. ebster FCA Ros5 Brooke Windru5h Court Ablngdon 8u5ille5s P•rk Abingdon OX14 ISY Date..-_l. l£J
MATRIX ARTS CE14TRE STATEMENT OF FINAMCIALACTIVfflES {INCLUDIN6 INCOMEAND EXPENDITURE ACCOiH4TI FOR THE YEAR ENDE031 AUGUST2025 flthrlttsd Fund¥ 2025 Unre5trirte(I Funds 2015 Total Funds Total Funds 1024 Iniome •nd expenditure IncomlngRosour¢¢sfrom ch8rft•ble attIvI$ Fees recelved Con¢ert sales Room Hlre 242,861 4.564 12,021 70 242,861 4,564 12.021 70 252.427 5,890 g,120 Othei Income Total Incorne 259.516 259.516 268.083 Expendlture on th4rttable aLtItleS. staff Teathe fees Administrati¢)n fees 130,862 47. 130,862 47,904 126.217 43.541 Premises Premlses expet)ses Insurance Sundry Depreciation-Buildkng 16.073 5.448 2,681 9.395 16A173 11,464 5,017 2,851 11,795 2.681 11.795 2.400 Support tosts Exam fees and musi¢ expense5 Advertising Prlntin& po#a8e. ststionery and telÈphone Sundry tnsuran¢e 34.112 431 1.479 34,112 431 1,479 38,896 144 2,133 1.065 300 1.065 300 1.602 300 Depreciatlon- Plant & machlnery Other interest payable dependent examiner5 fees 5,376 5,376 6,872 2.776 1.410 2,776 1,410 1,474 Total Resourcos Exp¢hded 2,400 259,312 261,712 Z58,712 N•t Income for the y•4r Total funds bTougM forward I2,4) 9,625 12.1%) 250.519 9.371 241.123 240.894 Tot•1 fvnds caffled tOFw•rd 7.ZZ5 244098 I523 250.519 The Statement of Flnancial Activities indudes all gains and105ses ¢08ned In the year. Ml Incomeand expenditure deriwe from continulng artivltles.
MATrIX ARTS CENfRE BALANCE SHEET ASAT31 AUGUST2025 Notes 1025 2024 Flxed A55ets Tangible assets 261,425 277,708 CurTent Assets Cash at bank afid in hand 97,541 104,367 Uabllltles CRdltors-Amoufits due within one year 17,6201 17,5(K)I Net Current Assets 89,921 96,867 Tot81 Assets less Current Ilabilitbe5 351.346 374,575 CYedltor5- Amountsfalk"ng due after more than oneyear 1103,0231 1124,0561 Net Ass•rs 248.323 250.519 Th Fund5 of the Charity Unrestrirted itKome fund5 Resttted funds 241,098 7,225 240,894 9.625 Tot•1 (IwfltyFunds 248,323 250.519 The notes on page5 7 to 10 fomi part of these ac¢ounts. The directorsare satisfied that the wmpany wa5 entitled to exemption under 5eLtion 477 of the Companie5 kt 2(M)6 and that members have not required an audlt In accordance withsectlon 476 of the Companies Act 2006. The dlrectors 3cknowlÉdge their re5ponslbllitiesfor- ensurinE that the company keeps accounting records whkh compty with Seclion 3B6.' and PfepariThg ¥cowtswhich give a true and fairview of the slate of the affairs ol the company as at the end of the financfjal yearand of tts profit and 105s forthe financial year in accordance withthe requirements of thisAct relatingto accounts, so lar a5 applicableto the CQTnpanv. These financk?I statements ha¥e been prepafed In accordance with the spec121 pro$10$ of the Companles A¢t 2t6 relatt0 small companles and the Flnancial R¢pgrtingStaTrdard apF4icable the UK Republic of Ireland IFR51021. 3D These finartlal staternent5were approved and authosed on............. ON BEHALF OF THE TRUSTÈES Dr S M PlnchÈn ttrLESteel
MATRIXARTS CENTRE NOTES TOTHE ACCOUNTS FOR THE YEAR ÈNDED31 AUGUST 2025 L Acrount5ng Polides The following acco%Jntlngpolicies havÈbeen used Consistent deallngwith itemswhlch a tonsldered material in Telatlon to the chartvs a¢conts. [•) Basls of Accountln Matrix Arts Centre ionstitutes a public beneff( as defined by FRS 102. The financlal ststemernts are wepared under the historical w5tconveDtion and in compliance wtth the Charities Art 2011, the Charlties Statement of Recommended Prartice IFRS 1021, and FRS 102 IEffe¢tlvÈ l January 20191, The Flnancial Reporting Standard. applicJle in the VK and Republic ol Iland. The financial statements have been ppared on è going concern basis. The trustees consider thai there are no rnaterial uncertainiies aboui ihe tharitls abikty tocoThtinue as a goin8 concern. The financial statements are presented In stedingwhich lsthe fvnctlrjnal currency of the charity and rounded tothe nearest Ibl Company SldtU5 Matrix Arts Centre 1$ • company limited by guarantee (incorporated in England and Wales ofi the June 19921. The membeT5 of the company are the yrLteeS named on page l. In the event of the Company wound up, the Ilabillty In re5pe£t of the guarantee 15 limited to £1 per memberof ihe wmpany. ICITa[ble Flxed Assets and Deprndatlon Tangible fixed assets are capttslised at hi#ortt cost les5 depreciation which is l¢ulated to wrlte off the cost of fimed 355ets on a fedu¢in8 basts overtheiT estimated useful economic lfves tothelr estimated residual values at Ihe following rates: Freehold building5 - l%on cost and k0% forextension. Office furniture - 25% reducing balance. M¢tor vehkles - 25% redurin8 balance. A%set53re revSewed annlIvfor1mpaIfrneTrL Thechèrity hasa de- minlmls limltsof £ioc foTthe c3i¥talisatlonoffixed assets. Idl Income All in¢ome resourtrs are Included In the sternent [) Fin8nclal ActNities ISOFAI when the charty is eIlled to the in¢omeafter any performance conditiorys have been met. the amount can be meared rellablyi and it 15 probable that the intome will be received. The following spe¢lfi¢ policies are applied to the fgllowkns categorvds of inwme: Donions- Fordonationsto be recogTrlsed the £h3ritywill ha¥e been notified of the amounts alld the setUemeTht date In writinÉ. If there #re conditions attached to the doThatiDn and thr5 requires a level of performance before entitlement ¢2n be obtained, then in£¢me is defeTred until those coThdition5 arÈ fully met or the fLAlilmeni of ihose conditlons Is within the control of the Gharity. and it Is pr(able that they 711 be fullilled. Grthttts- Income from govemment and grants are recognised atfair value when the charity ha5 entitlement after anyperformance conditionshavebeen meL it is probable that incornewill be received, andtheamDlJlltcan be measured reliab. Oonpttd 8ODds. fa£illlle$. and sery1s- Donated facilr(ies and donated professlonal services are recOLed In Income attheirfalr v21ue when theireconomic benefit Is probable, it can be measured rellaNy. and the charity ha5 wntrol over the item. Fatr value ig determiDed based on the value of the grfi to the charity. For example. the amount the charlty wcukl be willlng to pay in the open market for such la¢ilitfjes and servlces. A ¢orreswndlng amount Is IognISed In expenditure. lelExpendlture All eMpenditure15 acwunted for on an xcwals basls and has been classified under headin45 that 8gregate all costs related tothecegory. Expenditurèis recognised where thereis alegal orcon5trudsveobllgation to make payrnentsto third parties, it is possibleihat the 5ettlemeAi will be requsred, andthe amountof the obligatiDn ¢an be measured reliably. It ks£ategorised underthe following heading5. haritable expendlttJre- These are costs Incurred on the charitable activities. includir* 511PPOrt costs and cost5 relatlng to the governance of the charity apportloned to charitable attivities.
MATRIX ART5 CENTRE NOTESTOTHE AccouNf5 ICONTINUEOI FOR TME YEAR ENDED 31 AUGUST 2025 All costs afeallocated between the expenditure ¢ate8oriesof the SOFA on a basts deslgned to refteetthe useof the resource. C05ts¥elatingtoa partlcularatttty3re allocated dirertly. Resources expended are recognised in the year to which they relatr. IrrecoverableVAT Is induded In the rE5vwani headln8. Fund Attountln8 Unre5tiicted fundsaregeneral fund5that are avalable for use atthe trustee's dlsuetloh In thefurtherance of the obietts of the charity- Deslgnlted fuN4s arethose eam)arked bythelfU51ees for use in a particular area or fDr specifK area& yed Assets Freehold Buildi$ Plant and Mathinery Land T•1 Cost: At I Septembei 2024 Additions Disposals At 31 August 202S 120,(42 230.330 137,181 487.555 120.042 230,330 IY4071 488,443 DEPredatk.' At I September 2024 Dlsposals tharge in year At 31 ALWSt ZOZ5 93.280 114567 209,847 11,795 los75 5.376 12L943 17.171 227AIIB Net Book Valu*- At 31 Awt 2015 0.042 125.25S 16.128 26¥425 At 31 Auuu5t 2024 042 137.050 20.616 277.708 ttors-Am0u[rts due wlthin one r 2025 2024 Other CredOr5 and accruals 7,620 7.500 7,620 CrndttorS-Arnountsfalldye after0 y• 2025 2024 Other loans 103.023 l24.056 There isa thar8e on borrowlngs held ovèr thefreehold land and bulldlng
MATRIX ARTS c£E NOTES TO THE Accourirs ICONTINUEDI FOR THE YEAR ENDED 31 AU6UST 2025 Related PartyTrnlclI0r No trustee recelved any reFnuneration OT expen5e5duringthe year. The charltycontratted self*mployed ieache¥s during the year. There are no ernployees Èarning over £60.OfKJ. The charity has a frtsm a related party. Undsay MacKenzie, thettntre Manaser. There Is a paYment plan in place. At the yeareDd the outstandingamountwas £93.36312024- EIC&5331. C)mparfve 2024 Statementof Hnqnaal Arti¥ttles Total Funds 2024 Fund5 2013 Income and eNp•dtture ITornIng Resourns from charitable activlties Fee5 reNed Concert sales Room Hire 2S2.427 5,890 8.120 1.646 268,083 223.373 4.16D 8.909 423 Other Income Tot41 Incorn• Empendlture ¢hark•ble a¢ll%4tle5: 236,865 Staff Teachers fÈes Administration fees 126.217 43.541 110.092 43.131 Prense5 Premise5 expenses Insurance Sundry Dèweciation -Buildinc 11.464 S.017 2.851 11.795 10,014 4,505 1,813 11,795 Support costs Exam fees and mUr expenses Advertising Pr4nt5n& postage. stationery and telephone Sundry Insuiante Dep¥Èciatlon- Plant & Thathinery oiher interest payable Independent examiners leES 38,896 144 2.133 37,623 191 IA79 1,602 1,542 300 6.872 2.997 6.406 1,474 3.742 1.303 Total Re50UfC¢5 Expend 258.712 230.527 Net Income forthe ye•r Tolal funds brouBhtfoNard 9.371 241,123 6.338 234,810 Total funds caTried fvn¥ard 250519 24L148
MATAIX ARTS CENTRE MOTE5 TOTHE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDÉD 31 AUGUST 2025 Analysls of net a55•15 betweeThfvnd5 Aestrided Unre5trid•d Fund$ Total 2025 Tangible Fixed assets Current Assets 7.225 254.21X) 97.541 110.643 241.098 261.425 97.541 1110,643 248.323 Net assets at 31August 2025 7.225 The restr4Cted tund relates to grants amoUntig to £26,co) for the new extenslon In 2018. The fund 15 being written off overthe period over which theextension is bel depre¢lated.The VWHDChas a charge on the bullding whl¢h wlll be removed if the ¢harity ts still usln8the extension tenyea15 from 2018. 10