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2023-03-31-accounts

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

REGISTERED COMPANY NUMBER: 03193551 (England and Wales) REGISTERED CHARITY NUMBER: 1055371

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

MUSIC FOR ALL

Menzies LLP Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

Page
Reference and administrative details 1
Report of the trustees 2 to 7
Independent examiner's report 8 to 9
Statement of financial activities 10
Statement of financial position 11 to 12
Notes to the financial statements 13 to 19
Detailed statement of financial activities 20 to 21

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2023

Trustees G C Booth I M Cullen R Kellaway S R Saunders J D Shevlin A P Followell L M Ladbrook F D McGuinness I J B O'Connor Registered office Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP Registered company number 03193551 (England and Wales) Registered charity number 1055371 Independent examiner C Maloney Menzies LLP Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP

Page 1

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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).

Objectives and activities

Objectives and aims

Music for All's mission is to enable and inspire everyone, regardless of circumstances, to discover the mental, social and physical benefits of making music.

The key aims and objectives of Music for All are to:

Public benefit

Music for All's charitable purpose to advance education for the public benefit, with particular reference to public participation in making music in all its forms, within all communities, including promoting understanding of, and advocating for, the benefits of making music.

The benefits of making music are proven and wide-ranging. They apply to both individuals and groups and include enhanced health and mental well-being, educational attainment, development of social skills, creativity, confidence and self-esteem, reduced stress and anxiety and alleviation of degenerative conditions. All these outcomes potentially benefit not just those experiencing music making, but also their families, friends and wider circle of contacts, spreading out into the community and contribution to national social good.

Page 2

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Achievement and performance

Charitable activities

During 2022/23 the charity continued to develop and implement its three year business plan bringing clarity and structure to future plans. This includes increasing the awards programme, establishing an income plan and revitalizing our organisational infrastructure.

The awards programme continued to benefit from an increase in spending on cash grants with the majority of these awards being aimed at community groups and educational establishments. The charity has long established that aiming the majority of our support at community groups and educational establishments results in support for a larger number of music makers, giving our donors greater return on their donations. In line with our business plan these awards were mainly targeted as specific areas of need, this includes:

Health and Wellbeing - supporting those with:

Education

Social and economic circumstances

The awards programme saw the addition of a new award thanks to a substantial donation from a trust. The BBB Trust School Orchestra Award was launched in September 2022 and allowed the charity to award a sizeable budget of £8,000 to support two schools in the development of their school orchestra. Our instrument donations continued to support many music makers with over 200 instruments being awarded to individuals, community groups and educational establishments - this included over 80 electric guitars, 30 acoustic guitars and 40 ukuleles.

Our annual Learn to Play event is kindly supported by NAMM and Learn to Play '22 saw a 85% increase in participating venues, over 2,000 free music lessons given with over 80% being first time participants and 40% indicating their wish to continue their musical journey. The charity continued to invest in its YouTube Tutorials that run alongside Learn to Play with a further 12 artist-led tutorials available for all to view in 2022. Through this programme subscribers to our YouTube channel have increased substantially from just two in August 2021 to over 400 by September 2023. In December 2022 the charity launched its first Learn to Play award to support disadvantaged music makers inspired by our annual Learn to Play event and cash grants were awarded to eleven individuals in early 2023.

The energy and enthusiasm of participants and venues for the Learn to Play event is very evident and Learn to Play '23 will take place on 7-8 October when we look forward to continuing to build both venue and participant numbers back towards pre-covid levels.

Page 3

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Financial review

Principal funding sources

As ever the charity was supported by the kind donations of our supporters and the hard work of our office team. During this period we saw a substantial increase in individual donors and giving through purchases. Matching the substantial legacy given to the charity during 2021/22 was always going to be a challenge, but the charity did manage to increase its donations from funds and trusts by a substantial 68%.

In addition to donations of instruments made directly to the charity, the Trustees are grateful to several third- party suppliers who kindly made donations on behalf of the charity, direct to recipients selected by the charity. These totalled £16,495.

The Trustees are hopeful that third-party direct donations will become an increasing part of our operation, as this enables us to reduce our operating costs, and aid our sustainability ambitions by eliminating unnecessary transportation.

To support future growth an income plan has been agreed by the Board and is overseen by the Income Sub-committee attended by 4 Trustees plus the General Manager. This plan highlights the management of some specific projects alongside the development of donors, trusts and funds and intermediary websites. The development of each area is overseen by a Trustee with the support of the General Manager. The office team monitors all donations and supports fundraisers with advice and relevant promotional material.

Page 4

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Financial review Reserves policy

Unrestricted reserves

Unrestricted reserves are funds that the trustees are able to use for any of the charity's purposes. These reserves are maintained at a level that enables the trustees to manage financial risk and short-term income volatility.

Restricted reserves

Restricted reserves are those where the donor has specified the purposes for which those funds can be used.

Policy

The trustees aim to maintain free unrestricted funds at a level which equates to approximately six to nine months of expenditure; for the year 2023-2024 this equates to £130K. This includes all direct and indirect costs (including staff salaries and committed donations).

The trustees consider that this level will provide sufficient funds to respond to applications for grants, and ensure that support and governance costs are covered and ensure a timely solvent wind down of the charity should there be a need to do so. Reserves in excess of this level are available for charitable purposes.

Reserves are maintained in a mixture of current accounts and high interest bearing bank accounts.

The balance held as unrestricted funds at 31 March 2023 was £230,989. This represents £100,989 above our reserves policy.

The balance held in restricted funds at 31 March 2023 was £67,608.

The trustees review the reserves policy on an annual basis to ensure that as the charity develops, sufficient reserves are held to cover estimated future running costs and grants.

Future plans

Music for All continues to grow into a independent charity. The Business Plan provides a guide for future development and is reviewed on a regular basis. Our current strategic objectives include:

Structure, governance and management Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 5

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Structure, governance and management Trustee directors' recruitment and appointment

The directors of Music for All are also charity trustees for the purpose of charity law.

The directors may from time to time co-opt a director, either to fill a vacancy or as an additional director, until they are formally appointed, or otherwise, at a general meeting. In addition, the directors shall retire by rotation at each AGM. They shall, if willing to act, be deemed to be reappointed unless at the meeting it is resolved not to fill their vacancy, or unless a resolution for the reappointment of the director is put to the meeting and lost.

During 2022/23 Music for All was pleased to welcome three new Trustees:

Lynn Ladbrook brings extensive experience as Chief Executive of a number of charities/professional groups. Her strategic and planning skills and experience of partnerships development will be particularly helpful in our Business Plan delivery. Lynn is a member of the Income and the Risk and Finance Subcommittees

Faye McGuiness brings substantial experience from work for mental health and education charities and working with donors and partners to deliver specific projects. Faye is a member of the Income and the Awards Subcommittees

Ishani O'Connor brings many years experience in the performance world, previously working with the Chineke! Foundation and currently London Youth Choirs. Her understanding of outreach programmes and the challenges faced by schools will be invaluable as we build our awards programme. Ishani is a member of the Awards Subcommittee

Organisational structure

The charity continues to work remotely with no physical office. During 2022/23 the charity recruited a General Manager, who has been instrumental in organizing the work of the office team - a full-time Administrator and part- time Donations and Fundraising / Learn to Play Project Coordinator. Since her appointment she has introduced many efficiencies and established approaches that ensure the accurate recording of donations, awards and expenditure. This streamlining of our office team work will greatly assist the charity's ability to work in a cost effective manner. Additional specialist staff are recruited as and when needed (eg Learn to Play communications, design and creative support), to support the work of the charity and specific projects.

Alongside the development of the office team the charity has also introduced three new Trustee led subcommittees - Income, Awards and Risk and Finance - and these groups meet every 6-8 weeks, produce approved minutes and report directly to the Board at each Board meeting. The charity is extremely grateful for the time invested by all Trustees in these groups and their support in delivering the aims and objectives of the Business Plan.

Page 6

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Structure, governance and management

Governance

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

19-Jan-2024

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.........................................................................

A P Followell - Trustee

Page 7

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSIC FOR ALL

Independent examiner's report to the trustees of Music For All ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.

Responsibilities and basis of report

As the charity's 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 charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). 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 giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Page 8

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSIC FOR ALL

This report is made solely to the Company'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 Company's trustees those matters I 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 Company and the Company's trustees as a body, for my work or for this report.

C Maloney

Menzies LLP Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP 02-Feb-2024 Date: .............................................

Page 9

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies (including instruments)
89,171
Investment income
3
1,373
Total
90,544
EXPENDITURE ON
Charitable activities
General activities
76,440
Grants to institutions
91,351
Grants to individuals
-
Learn to play event
18,140
Total
185,931
NET INCOME/(EXPENDITURE)
(95,387)
RECONCILIATION OF FUNDS
Total funds brought forward
326,376
TOTAL FUNDS CARRIED FORWARD
230,989		 Restricted
funds
£
55,000
-
55,000
-
3,000
2,603
-
5,603
49,397
18,211
67,608		 2023
Total
funds
£
144,171
1,373
145,544
76,440
94,351
2,603
18,140
191,534
(45,990)
344,587
298,597		 2022
Total
funds
£
270,367
18
270,385
49,009
123,486
750
-
173,245
97,140
247,447
344,587

The notes form part of these financial statements

Page 10

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL (REGISTERED NUMBER: 03193551)

STATEMENT OF FINANCIAL POSITION 31ST MARCH 2023

Notes
CURRENT ASSETS
Stocks
9
Debtors
10
Cash at bank
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2023
£
46,009
-
254,171
300,180
(1,583)
298,597
298,597
298,597
230,989
67,608
298,597		 2022
£
85,082
745
260,356
346,183
(1,596)
344,587
344,587
344,587
326,376
18,211
344,587

The notes form part of these financial statements

Page 11

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL (REGISTERED NUMBER: 03193551)

STATEMENT OF FINANCIAL POSITION - continued 31ST MARCH 2023

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 19-Jan-2024

............................................. A P Followell - Trustee

The notes form part of these financial statements

Page 12

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Music for All is a registered charity and company limited by guarantee, both registered in England and Wales. The charity and company registration numbers, along with the registered office address, can be found within the reference and administrative details on page 1.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis and the trustees note no material uncertainties in relation to the charitable company being a going concern.

Income

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

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Inventories

In accordance with FRS102 new donated instruments in stock are valued at retail selling price, and pre-owned donated instruments are valued at £nil.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 13

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3. INVESTMENT INCOME

Interest receivable
4.
GRANTS PAYABLE
Grants to institutions
Grants to individuals		 2023
£
1,373
2023
£
94,351
2,603
96,954		 2022
£
18
2022
£
123,486
750
118,254

No grants payable in the year (2022: none) were individually material.

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Independent examiners remuneration 550 550

Page 14

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.

7. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Support		 2023
£
38,627
867
39,494
2023
2		 2022
£
18,548
-
18,548
2022
1

No employees received emoluments in excess of £60,000.

Staff costs represent the remuneration of the key management personnel who are not trustees of the charity.

Page 15

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies (including instruments)
233,256
Investment income
18
Total
233,274
EXPENDITURE ON
Charitable activities
General activities
49,009
Grants to institutions
95,625
Grants to individuals
-
Total
144,634
NET INCOME
88,640
RECONCILIATION OF FUNDS
Total funds brought forward
237,736
TOTAL FUNDS CARRIED FORWARD
326,376		 Restricted
funds
£
37,111
-
37,111
-
27,861
750
28,611
8,500
9,711
18,211		 Total
funds
£
270,367
18
270,385
49,009
123,486
750
173,245
97,140
247,447
344,587

Page 16

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

9.
STOCKS
Musical instruments
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals and deferred income
12.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Current assets
232,572
Current liabilities
(1,583)
230,989		 Restricted
funds
£
67,608
-
67,608		 2023
£
46,009
2023
£
-
2023
£
383
1,200
1,583
2023
Total
funds
£
300,180
(1,583)
298,597		 2022
£
85,082
2022
£
745
2022
£
396
1,200
1,596
2022
Total
funds
£
346,183
(1,596)
344,587

Page 17

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Grant
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Grant
TOTAL FUNDS		 At 1.4.22
£
326,376
8,500
9,711
18,211
344,587
Incoming
resources
£
90,544
55,000
145,544		 Net
movement
At
in funds
31.3.23
£
£
(95,387)
230,989
49,397
57,897
-
9,711
49,397
67,608
(45,990)
298,597
Resources
Movement
expended
in funds
£
£
(185,931)
(95,387)
(5,603)
49,397
(191,534)
(45,990)

Page 18

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.21
£
Unrestricted funds
General fund
237,736
Restricted funds
Grant
-
Restricted fund
9,711
9,711
TOTAL FUNDS
247,447
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
233,274
Restricted funds
Grant
37,111
TOTAL FUNDS
270,385		 Net
movement
At
in funds
31.3.22
£
£
88,640
326,376
8,500
8,500
-
9,711
8,500
18,211
97,140
344,587
Resources
Movement
expended
in funds
£
£
(144,634)
88,640
(28,611)
8,500
(173,245)
97,140

Restricted grant funds

Restricted grant income is held for a specific purpose as set out in the terms provided to the charity by the grantors.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2023 (2022: none).

Page 19

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023

INCOME AND ENDOWMENTS
Donations and legacies (including instruments)
Donations
Grants
Investment income
Interest receivable
Total incoming resources
EXPENDITURE
Charitable activities
Consultancy
Travel
Learn to play event
Subscriptions
Computer and software
Cost of donations
Warehousing and distribution
Grants to institutions
Grants to individuals
Support costs
Management
Wages, salaries and pensions
Pensions
Insurance
Telephone
Postage and stationery		 2023
£
124,587
19,584
144,171
1,373
145,544
-
680
22,952
1,276
10,379
2,634
5,451
50,723
46,231
140,326
38,627
867
1,056
349
5,305
46,204		 2022
£
243,256
27,111
270,367
18
270,385
11,670
-
7,734
3,031
6,236
-
-
117,504
750
146,925
18,548
-
1,056
-
2,693
22,297

This page does not form part of the statutory financial statements

Page 20

DocuSign Envelope ID: 1F32FA10-CAFD-49C3-9986-774AC8DB6280

MUSIC FOR ALL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023

Management
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net (expenditure)/income		 2023
£
911
4,093
191,534
(45,990)		 2022
£
819
3,204
173,245
97,140

This page does not form part of the statutory financial statements

Page 21