Company registered number.. 02989656
Charity number: 1045693
THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
UNAUDITED
DIRECTORS, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
KINGSTON BURROWES AUDIT LTD
308 Ewell Road
Surbiton
Surrey
KT6 7AL

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
CONTENTS
Page
Reference and Administrative Details of the Charity, its Directors
and Advisers
Trustees, Annual Report
2-10
Independent Examiner's Report
statement of Financial Activities
12
Balance Sheet
13
Notes to the Financial Statements
14-26

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
REFERENCE AND ADMINSTRATIVE DETAILS OF THE CHARITY, ITS DIRECTORS AND
ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
Directors
Gordon Williams, Chair
Geraint Howells, Treasurer
Isabel Newman
Robert Fitzpatrick
Indy Vidyalankara
Mervyn Lyn
Claire Shomade
Company registered
number
02989656
Charity registered
number
1045693
Registered offi
77 Watson's Street
Deptford
London
SE8 4AU
Executive Director
Wozzy Brewster, OBE, FRSA
Independent Examiner
Kingston Burrowes Audit Ltd
308 Ewell Road
Surbiton
Surrey
Kf6 7AL
Bankers
Barclays Bank PIC
93 Lewisham High Street
Lewisham
SE13 6BB
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ
Charity Bank Ltd
Fosse House
182 High Street
Tonbridge
TN9 1BE
Page 1

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered Charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
structure Governance and Mana
ement
Governin
Document
The Midi Music Company is a company limited by guarantee governed by its Memorandum and Articles of
Association dated 26th July 1994 and amended 121h December 2012. It is registered as a charity with the
Charity Commission and the Fundraising Regulator.
ointment of Board of Directors
As set out in the Articles of Association the Board of Directors has the power at any time, and from time to
time, to appoint any person to be a Director, either to fill a casual vacancy or as an addition to the existing
Directors. Any Director so appointed shall hold office only until the next following Annual General Meeting
and shall then be eligible for re-election. The Board of Directors operates on a voluntary basis.
Directors Induction & Trainin
New Directors have a preliminary meeting with the Chair and Executive Director, plus an induction meeting
with the Executive Director to brief them on the vision, artists-c programme, and financial performance of the
charity, as well as an opportunity to observe a Board meeting. During the induction they meet key staff
members and can observe various aspects of the charity's work.
During the obseNation Board meeting new Directors can raise any queries or issues with the rest of the
Board of Directors.
The Directors are encouraged to attend appropriate training events that will facilitate the undertaking of
their role and re￿1ve relevant Charity Commission and Clore Cultural Leadership information on due
diligence and regulations.
anisation
The Board of Directors administers the charity. The Board meets quarterly and has specific members with
responsibility for personnel, finan￿, legal, client development. philanthropy, social investment, PR,
marketing, digital streaming insights and the music industry. An Executive Director is appointed by the
Board to manage the day-to-day operations of the charity. To facilitate effective operations, the Executive
Director has delegated authority, within the terms of delegation approved by the Board, for operational
matters including finance, personnel, resources, logistics and artistic performance related activities.
Related Parties
The charity's wholly owned subsidiary, The Midi Music Company Events Ltd, was established to deliver
creative events for young people. The Midi Music Company is the only shareholder and all profits from the
events company are invested in the charity. The Midi Music Company Events Ltd is currently dormant.
Risk Mana
ement
The Board of Directors receives quarterly financial management and operations reports, including
information on cashflow, financial support, artistic programme, statistical data, resources, logistics,
networks, and developments, as well as holding additional meetings, when required, to discuss financial.
personnel & resource issues.
Page 2

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The staff team monitor operations and finances weekly on behalf of the Board of Directors, reporting areas
of con￿rn and highlighting the potential risk to the charity, along with recommendations for strategic
development, fundraising, safeguarding children and young people, and health & safety. A key element in
the management of financial risk is the establishment of a reserves policy and its regular review by the
Board of Directors.
Ob'ectives & Activities
The objects of the charity are:
To promote, maintain, improve, and advance education particularly by the encouragement of the
Arts including all forms of performing and visual art with special referenoe to the art of Music.
The charity provides a space for all children and young people to be inspired to get into music and the
creative industries, working within a safe and inspiring creative hub.
The primary focus for the year was.. to consolidate the core stsff team, enhancing the artistic programme
with a new partnership with the English Folk Expo in Manchester, working with the Association for
Electronic Music (AFEM) by participating in a panel at Beyond the Music, once again in Manchester,.
retaining ongoing investment from the London Borough of Lewisham, Arts Council England, Tom ap Rhys
Pryce Memorial Trust and the Paul Hamlyn Foundation,. attracting new investment from the Sony Music
Social Justice Fund to upgrade the recording studio & artistic programme, ongoing participation in the UK
Music Diversity Taskforce, BPI Music Export Growth Scheme, BRIT Award Voting Academy and WOMEX
2024, plus engagement in the AIM + FAC Artists & Managers Awards Panel, MMF Managers Accelerator
Programme panel, with the UK MLFSiC 5 Ps partnership with IPIAS], and with our ongoing support for
diversity, equity and equality. Support was also provided for various campaigns including,
#Freemovecreate, #EveryChildAMusician, #Open Letter in The Guardian challenging Al and
#NoMusicOnADeadPlanet.
The strategies employed to achieve the charity's objectives are to-
Provide inspiring and engaging educational and training programmes targeted at children and
young people with rewarding In￿ntIves,
Work in partnership with relevant agencieslorganisations to collate industry intelligence and host
seminars and master classes to broaden young people's understanding of current trends and
opportunities in the UK music industry and cultural industries,
Develop relationships with music industry businesses to provide access to entry level jobs and
support funding investment for young people and the creation of partnership opportunities,
Establish affordable access programmes for children and young people to learn how to play
instruments, develop music production skills. record their music, develop creative enterprises,
explore creative internships and work pla￿mentS, expand their social networks, rehearse, perform
and develop themselves as creative entrepreneurs,
Participate in relevant seminars, forums, panels, advisory groups. and conferences,
Develop our strategic partnerships and networks.
The four major areas of activity are: educational programmes" creative industries careers advi￿ service.,
events" and partnership projects.
The educational programmes are primarily focused on providing music & production education for children
and young adults.
Page 3

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
They aim to offer opportunities in instrumental skills development, music composition, music production,
mixing & mastering, music business, bursaries, and cr05s-art form initiatives. We engage industry
professionals who share their expertise to inspire emerging talent to understand the trends and
opportunities. The programmes allow individuals to enhance their creative skills and identify progression
routes. Participants are referred from schools, colleges, looked after children services, asylum and refugee
projects, social seNices, youth offending schemes, pupil referral units, looked after services, youth
projects, local housing initiatives, mental health services, employment initiatives and other related
agencies.
The Creative Industries Careers Advice Seniice CICAS@ (pronounced "seekers") creates a platform for
young adults to explore their potential and identify pathways for their creative development including skills-
based training, work experience placements, apprenticeships, internships, mentorships, self-employment
and establishing new enterprises. The 1=1 advice, support and guidance sessions continue online via
Zoom, enabling more young people from across the country to access careers support, with continuous
demand for one-to-one sessions, as well as talent development, industry contacts, marketing support,
funding advice & guidance, references, and referrals, plus access to rehearsal and recording facilities at
MMC onsite.
The CICAS@ Podcasts continue to profile emerging tslent on Soundcloud and MMC'S website and
newsletter.
The partnership projects that engage children and young people enable participants to connect with
emerging artists locally, regionally, and nationally. These represent Spoken Word, music, songwriting and
production projects, international initiatives, seminar and conference panels- the work placements at MMC
for students attending formal educational establishments were put on hold until the staff team is fully re-
established.
Public Benefit
The charity provides public benefit through a variety of different approaches..
Providing subsidised affordable instrumental, Spoken Word and music production tuition for socio-
economically disadvantaged children, complimented by the Tom ap Rhys Pryce Music Bursary
programme for 1-1 tuition at The Conservatoire in Blackheath with partner nominations from YUAF
and Fairbeats Music. The Conservatoire also supports the programme by providing extended
bursaries, where possible, plus the Jack Petchey Foundation distributes Bronze Awards for
Outstsnding Achievement for AYM students
Mentoring & supporting young people and arts professionals
Providing free careers advice and discounted access for CICAS@ & CAPS (Creative Associate
Professionals
CICAS@ alumni) members to rehearsal space, music production equipment,
recording facilities, multimedia resources, vocal coaching, talent development, funding advice &
guidance, references, industry links, marketing, digital media, PR & marketing support
Developing new audiences for young emerging artists, bands and creative entrepreneurs via our
website, social media, newsletter, podcasts, showcases and events. in addition to providing MMC
Takeovers across various platforms or providing pathways to performance opportunities
Circulating creative & cultural industries data and intelligence to provide greater equity for young
people from diverse backgrounds through the CICAS@ and CAPS programmes
Linking emerging talent to industry professionals via our established creative & cultural industries
ne￿OrkS and contacts
Safeguarding children and young people so that they can engage in positive, creative learning
experiences, supported by eXperIen￿d and professional staff teams and volunteers, who are DBS
checked, according to child protection regulations.
Page 4

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Achievements & Performance
MAIN ACTIVITIES
Aspiring Young Musicians
OUTCOMES
24 children aged 11 16
participated in Music Production,
MCISpoken Word and Keyboards
for Songwriting classes.
KEY FACTORS
AYM students in Year 10 & 11
were studying for GCSES during
the academic year reducing
registrations.
(AYM)
Cre8tiv@
47 students aged 16+ participated
in the Music Production, Mixing &
Mastering & new DJ Skills evening
courses and one-day DIY
Releasing course
17 % increase in registrations
during the year and the
introduction of the DJ Skills course
led to students DJing at external
events.
CICAS@: Creative
Industries Careers
Advice SeNice (pronOUn￿d
"Seekers.)
1,447 young adults aged 16+
received 'one-to-one' information,
advi￿ and guidance, as well as
access to resources, marketing
support,
funding
advice
guidance, industry contacts and
a￿"st[C development.
On%oing demand
increased users, including other
unregistered band mernbers and
artists
registered CICAS@
members surveyed (197) with 570/0
remaining registered with industry
bodies. 14
CICAS@ 31+
members and 78 x CICAS@ alumni
part of the Creative Associate
Professional (CAPS) programme.
CICAS@ Podcasts - on our MMC
website
profiling 12 Young
EntrepreneurslArtists
Opportunity for
CICAS@ members to feature in an
on-line podcast.
CICAS@ Internships for 3 young
prOdu￿rS
Arinola completed her intemship
releasing additional music 'A Long
Dal and Mantooth released 'Santa
BB Y Reloaded, featuring Princess
XIXI, with Mantooth also joining
The Ivor Academy London Youth
Council, Maura Bird aka Mo
Pheonix started the intemship in
Autumn
2024.
The
Intems
attended the Artists & Managers
Awards,
MMF
Manager
Accelerator Cohort Welcome Party
@ YouTube and other relevant
industry seminars. as well as
participating
in
special
songwriting master class with
acclaimed
songwriterlprodutsr
Roddy Matthews.
Page 5

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Music ExplosionTM Industry
Talks + Networking
A series of music business talks
with Q&A and networking, covering
radio, radio plugging, PR
promotion,
sync,
artistry,
management, legal * business
affairs. digital & international
markets - 85 x participants aged
16+
These sessions were supported by
Hart media, BBC1Xtra16Radio +
Reprezent FM PresenterlDJ and
[PIASI
Summer
Showcase & mini Sharings
2 x AYM Sharings at the end of
each term in person with students
and parentslcarerslfriends
1 x Summer Showcase
The
Sharings
and Summer
Showcase offer an opportunity for
students to present their creative
works, improve their performance
skills and see the progress of the
Tom ap Rhys Pryce Music Bursary
Award winners.
Outreach & Partnerships
8 x bursary awards to children and
young people aged 11 19 to
attend The Conservatoire in
Blackheath for 1.1 tuition over the
period of one year
Tom's Trust supports the Bursary
programme allowing the cohort to
develop instrumental skills on an
instrument of their choice, with
bursaries provided to our partners
Fairbeatl Music & Young Urban
Arts Foundation
Placements and work experience
from educational establishments
MMC was unable to facilitate work
experience pla￿MentS due to staff
turnover.
Deaf Rave Music Production &
Access programme for Deaf young
people.
Continued to
support Deaf
producers and sign song artists:
SignKid, CICAS@ alumni and
CAPS member released a new
single 'She Said, with a video on
YouTube.
Deaf Rave CIC
MMC'S introduction to Sony Music
led to DJ and DeaflDisability
Awareness training for the label's
staff. Attended the Deaf Rave
Festival at Rich Mix
Page 6

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Inspiration@ Network-
strategic partnership with Impact
10, IRIE! dance theatre and
Lionbeat CIC
Continued progression routes for
young people into the creative &
cultural industries, supported by
referrals.
Identifying
additional
partners.
Creative Associate Professional
Group (CAPS): MMC graduates,
alumni, industry professionals and
associated young entrepreneurs
working together to increase their
resources as a collective
The continued development of a
strategic grass roots network with
the capacity to record, release,
publish and distribute new music
Deptford Green School - Lewisham
MMC delivered a free vocal
workshop led by Rachel Bennett as
part of the Discover Creative
Careers Programme
Association of Independent Music
(AIM)
Partnership organisation with free
or discounted access for CICAS@
& CAPS members to AIM Sync
Conference,
AIM
Connected
Conference.
AIM
Academy
webinars and industry intelligence
Partnership organisation with free
and discounted aC￿sS to webinars
and industry intelligence, plus
CICAS@ member opportunities to
become FAC Ambassador
Featured Artist Coalition (FAC)
London Landmarks Half
MarathonlMMC Takeover -
Westminster
3 x artists performed on the Strand
Stage",
Mantooth,
Dominique
Octavia and Ross l-yota hosted by
Ola Torch
SDS Entertainment- Croydon
Continued mentoring, support and
guidance. Developing Al + Music
project partnership with MMC
BAFA UK Board member
BAFA UK
Reduction in activity for the Black
Association for Arts UK led by
founder, Cleveland Watkiss and
chaired by James Joseph
Page 7

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Lionbeat CIC
Support partnership with Lionbeat
on the Local is Logical BassisBike
zero-carbon project sponsored by
Matt Black- special event at
Somerset House delivered and
project complete
Lewisham Cultural Partnership
MMC continued to contribute to the
LCP Board working with other
creative organisations across the
borough, plus Creative Futures
Working Group + Cultural
Leadershi
Trainin
International
Creative
Knowledge & Skills
Cultural Partnership- Mauritius
On hold.
WOMEX 2024
Co-curated
the
conference
programme working with Pirahna
Arts in Berlin, with WOMEX tsking
place in Manchester.
Events
3 x The Breakout Club
audience
182
Live music events at the Fox +
Firkin featuring emerging artists
1 x English Folk Expo MMC
Showcase
Manchester
52
audience
Presented 3 x artists to industry
professionals.. Sam Brown, Mo
Pheonix & Memory Phase
Seminars,
Conferences
Forums
The staff team engaged with
various forums, industry bodies
and events, including, Lewisham
Music, LEAN, BPI'S Music Export
Growth Scheme Board, Artist &
Manager's Awards, AIM Awards,
MMF Music Manager Accelerator
programme panel, Association for
Electronic Music (AFEM), Rapture
Records, Music Week Women in
Music Awards, English Folk Expo,
IRIE! dan￿ theatre, Independent
Venue Community, UK Music
Diversity Taskforce, London Youth
+ more
Contribution to panels, local
community, and creative
strategies, as well as raising the
profile of the charity. Extension of
links and contacts within the
commercial UK music industry and
other creative industries.
Page 8

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Financial Review
The principal funding sources were the Arts Council England (NPO), Paul Hamlyn Foundation, the London
Borough of Lewisham, Sony Music Social Justice Fund and Tom ap Rhys Pryce Memorial Trust, with
additional funds from the Jack Petchey Foundation.
The applications to Wamer Music Group Blavatnik Family Foundation and London Youth were
unsuccessful.
The Charity received donations via Easy Fundraising, Amazon Europe, PayPal, DONR and BPI.
The Directors continue to focus on philanthropic and corporate social responsibility investment, with the
success of the Sony Music Social Justice Fund application and exploratory talks with PPL were ongoing.
The Arts Council England NPO and Lewisham Council investments were extended to 2027 and 2026,
respectively, with the possibility of a further extension of NPO funding to 2028.
Investment Powers & Polic
Under the Memorandum and Articles of Association, the charity has the power to invest in any way the
Directors wish.
The Directors, having regard for the objects stated in the Memorandum of Association, have operated a
policy of keeping available funds in an interest-bearing account as part of their reserves policy.
Reserves Polic
The activities of The Midi Music Company are fInan￿d on a project-funding basis with a measure of
unrestricted funding to cover necessary administration and overheads. There are no capital reserves that
can be placed on deposit or otherwise prudently invested. Accordingly, all cash resources are held in the
charity's current and reserve accounts. A reserve account has been established at CAF Bank and Charity
Bank providing financial resoLtrces in the event of cash flow requirements and redundancy packages. An
annual deposit is made. when possible, and interest is accrued quarterly.
The actual reserve account balance, held in the CAF Gold Bank account, on 31st March 2025 was
£21,208.98 and Charity Bank was £54,146.16.
The unrestricted funds of the charity totslled £79,678 (2024 . £81,526) at the year end with restricted funds
of £42,655 (2024 .. £3,880)
Plans for Future Periods
MMC'S primary focus is the consolidation of the core skilled team, supported with training and opportunities
to develop their career pathways within the charity, whilst it celebrates its 30th anniversary in 2025.
Page g

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The continued enhancement of the artistic programme with a special event to celebrate the Charity's
anniversary and a joint Celebrating Legacy community event in partnership with IRIE! dance theatre, the
announcement of new alumni Patrons, Ahnanselsteam Down and world-renowned drummer, Yussef
Dayes, as well as a CaribbeanlLatino collaboration with CA Musicaleight-piece band, Papayebrass, with
the opportunity to host a London Residency with Ahnanse producing new tracks for their album, continuing
our work with Lewisham Cultural Partnership, IRIEI dance theatre, Association for Electronic Music, English
Folk Expo and other relevant organisations, tslent development and music education programmes for
aspiring and emerging artists, as well as partnerships with Lionbeat in Lewisham and SDS Entertainment in
Croydon.
In addition to the above artistic outcomes, MMC will partner with the Lewisham Young Mayor's Radio
Lewisham Project and deliver a Podcast project created by young people for young people, funded by the
Sony Music Social Justice Fund.
Small Com
an
ecial Provisions
The report of the Directors has been prepared taking advantage of the small companies, exemption of
section 417 (1) of the Companies Act 2006. It was approved, and authorised for issue, by the Directors on
24th November 2025 and signed on its behalf by..
Gordon Williams
Chair, Board of Directors
Page 10

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
I report to the charity trustees on my examination of the accounts of the company for the year ended 31
March 2025 which are set out on pages 10 to 22.
Responslbilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying
out my examination I have followed the Directions given by the Charity Commission under section
145(5)(b} of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination 9iving me cause to believe that in any material respect..
accounting records were not kept in respect of the company as required by section 386 of the 2006
Act., or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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., 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 applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102).
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.
K.C. Fisher FCA
% Kingston Burrowes Audit Ltd
308 Ewell Road
Surbtton
Surrey
KT6 7AL
1 Oth December 2025
Page11

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating Income and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
Funds
Funds
Total
2025
Total
2024
Notes
Income from:
Grants, Trusts and donations
Course fees
Event and venue hire
Bank interest re￿1vable
other income
191,316
5,118
6,563
2,215
585
70,822
262,138
5,118
6,563
2,215
585
208,423
5,400
6,356
1,904
1,644
Total income
205,797
70,822
276.619
223,727
Expenditure on:
Charitable activities..
Staff costs
Project costs
Office costs
Publicity
Music equipment maintenance
Governan￿ costs
Depreciation
144,114
12,945
46,844
3,179
10,930
6,787
2,150
3,213
155,044
19,732
48,994
6,392
151,077
27,510
38,854
6,808
5,288
4,202
5,288
4,202
4,686
6,063
Total expenditure
216,572
23,080
239,652
234,998
Transfer betsveen funds
8,947
(8,947)
Net movement in funds
(1,828)
38,795
36,967
(11,271)
Reconciliation of funds:
Total funds brought forward
81.526
3,860
85.386
96,857
Net movement in funds
(1,828)
38,795
36,967
(11,271)
Total funds carried forward
79,698
42,655
122,353
85.386
All income and expenditure derives from continuing activities. The Statement of Financial Activities
includes all recognised gains and losses recognised in the year. In 2024, of the total income of £223.727,
£199,217 was to unrestricted funds and £24,510 was to restricted funds. In 2024, of the total expenditure
of £234,998, £213,848 was from unrestricted funds and £21,150 was from restricted funds.
The notes form part of the financial statements.
Page 12

THE MIDI MUSIC COMPANY
{A company limited by guarantee and registered charity)
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
FIXED ASSETS
Notes
Tangible assets
Investments
15,867
6,415
10
15,868
6,416
CURRENT ASSETS
Debtors
Cash at bank and in hand
118,354
93,670
118,354
93,670
CREDITORS: Amounts falling due
within one year
12
{11,869)
(14,700)
NET CURRENT ASSETS
106,485
78,970
TOTAL NET ASSETS
122,353
85,386
Charity Funds
Restricted funds
Unresricted funds
42.655
79,898
3,860
81,526
Total funds
122.353
85,386
The Charity was entitled to exemption from audit under Section 477 of the Companies Act. The members
have not required the company to obtsin an audit for the year in question in accordance with Section 476 of
the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities
subject to the small companies regime=
The financial statements were approved and authorised for issue by the Directors on 24th November
2025 and signed on its behalf by..
Gordon Williams
Chair
The notes form part of the financial statements.
Geraint Howells
Treasurer
Page 13

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Genèral information
The Midi Music Company is a private charitable company and is registered with the Charity
Commission (Charity Registered Number 1045693) and Registrar of Companies (Company
Registration Number 02989656) in England and Wales.
In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the Charity.
The address of the registered office is given in the Charity information on page 1 of these fi'nancial
statements. The nature of the Charity's operations and principal activities are to provide a space for
all children and young people to be inspired to get into music and the creative industries.
Accounting Policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 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) and the Companies Act 2006.
The Midi Music Company 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.
The fi'nancial ststements a￿ presented in pound sterling which is the functional currency of the
Charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless otherwise
stated.
2.2 Golng concem
The Trustees have assessed the use of going concern and have considered possible events or
conditions that might cast significant doubt on the ability of the Charity to continue as a going
concern. The Trustees have made this assessment for a period of at least one year from the date of
the approval of these financial statements. The Trustees have concluded that there is a reasonable
expectstion that the Charity has adequate resources to continue in operational existence for the
foreseeable future. The Charity therefore continues to adopt the going con￿rn basis in preparing
these financial statements.
2.3 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.
Page 14

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting Policies (continued
2.3 Income (Continued)
For donations to be recognised the Charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of
performance before entitlement can be obtained then income is deferred until those conditions are
fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that
they will be fulfilled.
The Charity receives grants in respect of furthering its charitable objectives.
Income from
govemment and other grants are recognised at fair value when the Charity has entitlement after any
performance conditions have been met, it is probable that the income will be re￿iVed and the
amount can be measured reliabw. If entitlement is not met then these amounts are deferred.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided, or on completion of the servi￿.
2.4 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to that category. Expenditure is recognised once there is a legal or
constructive obligation to transfer economic benefit to a third paty, 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 classified by activity.
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.
2.5 Interest receivable
Interest on funds held on deposit is included when re￿1vable 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.
2.6 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a charitable company for U K corporation tax purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Page 15

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting Policiès (continued)
2.7 Tangible fixed assets and depreciation (continuedl
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of Financial activities.
Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases=
Improvements to rented propety
Office equipment
Music equipment
20 years
- 4 years
- 4 years
2.8 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on
investments, in the Statement of financial activities.
The investment in the Charity's trading subsidiary is included on the Balance Sheet at cost. The last
valuation was carried out in September 2008. The Directors are satisfied that there has been no
significant change in market value since this date.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 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.
2.11 Liabilities and provisions
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.
Page 16

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting Policies (continued)
2.11 Liabilities and provisions (continued)
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 ServI￿S 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.
2.12 Financial instruments
The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the
Charity are as follows..
Debtors- trade and other debtors (including accrued income) are basic financial instruTnents and are
debt instruments measured at amortised cost as detailed in Note 11. Prepayments are not financial
instruments.
Cash at bank - is classified as a basic financial instrument and is measured at face value.
Liabilities - trade creditors, accruals and other creditors will be classified as financial instruments and
are measured at amortised cost as detailed in Note 12. Taxation and social security are not included
in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as
the cash settlement has already taken place and there is simply an obligation to deliver charitable
servi￿$ rather than cash or another financial instrument.
2.13 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Directors in
furtheran￿ of the general objectives of the Charity and which have not been designated ft)r other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Directors for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
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 17

THE MIDI MUSIC COMPANY
{A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations, grants and trusts
Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Donations
Grants and Trusts
In-kind donations
3,868
182,741
4,707
3,868
70,822 253,563
4,707
191,316
70,822 262,138
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Donations
Grants and Trusts
In-kind donations
930
182,983
10,000
14,510
10,930
197,493
183,913
24,510
208,423
Analysis of Grants and Trusts
Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Arts Council England
London Borough of Lewisham
Jack Petchey Foundation
Tom Ap Rhys Pryce Trust
Paul Hamlyn Foundation
Sony Music Social Justice Fund
119,391
30,350
119,391
30,350
900
16,420
33.000
53.502
900
16,420
33,000
53,502
182,741
70,822 253,563
There are no unfulfilled conditions or other contingencies attached to the government grants above
and below:
Page 18

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations, grants and trusts (continued)
Analysis of Grants and Trusts (continued)
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Arts Council England grant
London Borough of Lewisham grant
Jack Petchey grant
Tom Ap Rhys Pryce Trust
Paul Hamlyn Foundation
119,391
30.592
119,391
30,592
900
13,610
33,000
900
13.610
33,000
182,983
14,510 197,493
Project costs
Total
2025
Total
2024
Trainee costs
Travel and subsistence
Documents and material
Training
Special Projects
11,476
5,630
727
899
1,000
11,344
4,873
696
1,597
9,000
19,732
27,510
Office costs
Total
2025
Totsl
2024
Light, heat and premises
Rent
Insurance
Postage and stationery
Telephone and internet
Office equipment maintenance
Bank charges
20,498
900
4,927
4,033
17,175
1,148
313
17,937
154
4,588
3.805
11.131
921
318
48,994
38,854
Page 19

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Governance costs
Total
2025
Total
2024
Independent Examiners, remuneration
Professional fees
3,780
1,508
3,600
1,086
5,288
4,686
Staff costs
Total
2025
Total
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
150,259
4,410
375
148,100
2,977
155,044
151,077
ncluded within wages and salaries are £8,420 to freelance tutors (2024 . £8,605) and £49,533 to
self*mployed and casual staff (2024 .' £63,495).
The average number of persons employed by the Charity during the year was as follows:
2025
No
2024
No
Direct staff
No employee received remuneration amounting to more that £60,000 in either year.
The total amount of employee benefits received by Key Management Personnel was £61,619
(2024 . £56,783) which includes employers national insurance contributions and employers pension
contributions. The charity considers its Key Management Personnel to comprise the Directors and
Executive Director.
Directors remuneration and expenses
During the year, no Directors re￿iVed any remuneration or other benefits (2024 .' £Nill-
During the year ended 31 March 2025, no Director expenses have been incurred (2024 .. £Nil).
Page 20

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Tangible fixed assets
Improvements
to rented
property
Office
equipment
Music
equipment
Total
Cost or valuation
At 1 April 2024
Additions
131,806
26,774
91,171
13,654
249,751
13,654
At 31 March 2025
131,308
26,774
104,825
263,405
Depreciation
At 1 April 2024
Charge for the year
131,806
20,659
2,717
90,871
1,485
243,336
4,202
At 31 March 2025
131,608
23,376
92,356
247,538
Net book value
At 31 March 2025
3,398
12,469
15,867
At 31 March 2024
6,115
300
6,415
10. Ftxed asset investments
Investments
in subsidiary
Companies
Cost or valuation
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Page 21

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Fixed asset Investments (continued)
The Midi Music Company Events Llmited
The Midi Music Company holds 1 £1 ordinary shares in The Midi Music Company Events Limited
(Company Number.. 04654990) representing a 100 % holding.
The registered office of The Midi Music Company Events Limited is 77 Watsons Street, Deptford,
London, SE8 4AU.
The financial results of the subsidiary were as follows..
Income- £Nil
Expenditure - £Nil
Surplus for the period - £Nil
Net assets - £1
In February 2003, the Charity formed Midi Music Company Events Limited, which is a wholly owned
trading subsidiary formed for the purpose of organising large youth arts events. Consolidated
accounts have not been prepared in respect of its subsidiary company because the group qualifi'es
as a small group under section 398 of the Companies Act 2006. It is currently dormant and the
capital of The Midi Music Company Events Limited, for the year ended 31 August 2023 is shown
above.
11. Debtors
2025
2024
Due within one year
Other debtors
12. Creditors: Amounts falling due within one year
2025
2024
Trade creditors
other taxation and social security
other creditors
Accruals and deferred income
5,586
2,221
282
3,780
9,150
1,950
3,600
11,869
14,700
Deferred income
At 1 April 2024
Resources deferred during the year
Amounts released from previous periods
At 31 March 2025
Page 22

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Statement of funds
Balance at
1 April
2024
Balance at
31 March
2025
Statement of funds -
Current year
Income
Expenditure Transfers
Unrestricted Funds
Designated funds
Fixed asset fund
6,415
4,707
4,745
15,867
General Funds
General fund
75,111
201,090 (216,572)
4,202
63,831
Total Unrestricted funds
81,526
205,797 (216,572)
8,947
79,698
Restricted funds
Tom's Trust
Jack Petchey Foundation
Special Project
Sony Music Social Justice
2,860
16,420
900
{19,280)
{900)
(1,OQO}
(1,900)
1,000
53,502
(8,947}
42,655
3,860
70,822
{23,080)
(8,947)
42,655
Total of funds
85,386
276,619 {239,652)
122,353
The Fixed Asset fund represents the net book value of unrestricted tangible fixed assets. Each year
any additions or disposal movements are transferred be￿een this fund and Unrestricted funds.
Unrestricted funds are general 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. The net transfer in of £4,202 relates to the depreciation of equipment in the period.
The Tom's Trust fund represents amounts received from Tom ap Rhys Pry￿ Memorial Trust to fund
the Aspiring Young Musicians project, which is for songwriting and music production tuition and the
Tom ap Rhys Pryce Music Bursary Awards to the Conservatoire, including partner nominations from
YUAF and Fairbeat Music. The additional Tom's Trust funds represent the new investment in the
Music Camps programme.
The Jack Petchey Foundation grant represents funds which are to be used for the Outstanding
Achievement awards presented to the Aspiring Young Musicians students.
The Special Project fijnd represents the donation from Matt Black towards MMC'S partner project
with Lionbeat Ltd to launch the BASSISBIKES (zero-carbon & visual mobile sound system) with
showcase events and audience developments.
The Sony Music Social Justice Fund is a grant towards the recording studio upgrade-, the Radio
Lewisham Podcast Programme for young people aged 16-30 and the free 3-week Summer Music
Camps for 5-10 year olds awarded over 3 years. £8,947 of the funds has been spent upgrading the
music equipment as part of the studio upgrade in March 2025.
Page 23

THE MIDI MUSIC COMPANY
(A Gompany limited by guarantee and registsred charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Statement of funds (Continued)
Balance at
1 April
2023
Balance at
31 March
2024
Statement of funds -
Current year
Income
Expenditure Transfers
Unrestricted Funds
Designated funds
Fixed asset fund
12,478
(6,063)
6,415
Genèral Funds
General fund
83,679
199,217 (213,848)
6,063
75,111
Total Unrestricted funds
96,157
199,217 (213,848)
81,526
Restricted funds
Tom's Trust
Jack Petchey Foundation
Special Project
13,610
900
10,000
(10,750)
(1,400)
(9,000)
2,860
500
1,000
500
24,510
(21,150)
3,860
Total of funds
96,657
223,727 (234,998)
85,386
Page 24

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Analysis of net assets between funds
Analysis of net assets betwèen funds
Current year
Unrestricted
funds
2025
Restricted
Funds
2025
Total
Funds
2025
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
15,867
15,867
75,699
(11,869)
42,655
118,354
(11,869)
Total
79,698
42,655
122,353
Analysis of net assets between funds
Prior year
Unrestricted
funds
2024
Restricted
Funds
2024
Total
Funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
6,415
6,415
89,810
{14,700)
3,860
93,670
(14,700)
Total
81,526
3,860
85,386
15.
Pension commitments
The Charity operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the group in an independently administered fund. The pension cost charge
represents contributions payable by the Charity to the fund and amounted to £375 12024 . £Nil).
Contributions of £282 (2024 . £Nil) were payable to the fund at the Balance Sheet date.
16. Related party transactions
The Executive Director was not remunerated in the current or prior year for her role as a professional
artist manager. There are no other related paty transactions during the year other than the Key
Management Personnel remuneration shown in Note 7.
17. Section 37 disclosure
The Charity has recognised total income from the London Borough of Lewisham of £30,350
(2024 . £30,592) in respect of grant aid for core costs. These funds were fully expended during the
year (2024 . fully expended). At 31 March 2025, £Nil {2024 . £Nil} has been deferred to the next
financial year.
Page 25

THE MIDI MUSIC COMPANY
(A company limited by guarantee and registered charity)
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
INCOME
Grants
Trust income
Hire services
Course fees
Interest retsivable
Donations and other income
149,741
103,822
6,718
4,963
2,215
9,160
149,983
47,510
6,356
5,400
1,904
12,574
Total income
276,619
223,727
EXPENDITURE
Salaries
Casual and self-employed staff
Premises and office running costs
Trainee costs
Documents and materials
Staff travel, subsistence and training
Publicity
Bank charges
Music equipment maintenance
Depreciation
Governance costs
Special projects
97,091
57,953
48,681
11,476
727
6,529
6,392
313
78,977
72,100
38,536
11,344
696
6,470
6,808
318
4,202
5,288
1,000
6,063
4,686
9.000
Total expenditure
239,652
234,998
Incomel(expenditure) for the reporting period
36,967
(11,271)
Page 26