Company number 3258356
Charftynumhr 1059205
The Premises Music Education Programme
(A Charlty Company Llmlted by Guarantee, company number 3258356}
Audited Financial Ststements
and
Trustees, Report
for the year ended 31 March 2024

The Premises Music Education Programme
(A Charlty Company Llmftad by Guarantee, company number 3258356)
Index to the Financial Statements
for the
ear ended 31 Pdlarch 2024
P•go
Index to the Flnanclal Ststemenls
Charltabl• company Inforniatlon
Tru•t•M' R•port
Statsment of Tru8teu' Re•pon8lblllU•A
Indep•nd•nt AudltoV• R•port
31at•m•nt of Flnanclal Actlvltl••
10
Stsl•ment ol Flnanclal Po•ltlon
11
St4tement of Ca•h Flo
12
Accounllng Pollel
13.14
Not•• to th• Accounts
10-19
Page 2

The Premises Muslc Education Programme
(A Charlty Company Llmltsd by Guarantse, compary number 3258368)
Charitable company Infonnation
for the
ear ended 31 March 2024
ststU8:
The Premises Music Education Programme Is a Company Ilmltad by guarantee and a
Tegistsred charity govemed by Its memorandum and articles of association The directors
of Ihe charity arg trustees for the pu￿038S of charity law and throughout thi5 report are
collectively f8f8rred to as the truste8S
Charlty nama:
The Premlseg Music Educallon Programme
Company rnglltratlon numbof:
3258356
England & Wales
Charlty reglatrallon number:
1059205
R•ghl•r•d offlc•:
209 Hackn•y Road
London
E2 8JL
Op•MtJon8 addr••8:
209 Hackney Road
London
E2 8JL
Tru•to•• who h•ld offlc•
durlng the y•ar:
Janlne Irons OBE
Nicola Colllns
Nimi Furtado
Ted Bames
S•nlor Statutory Audltor:
Anthony Arnigtrong FCA
Armstrong & Co
Charter9d Accountants & Slalulory Audltor
4a Printlng House Yard
Hackney Road
London E2 7PR
Bankord:
Bank of S¢olland
33 Old Broad Street
LorKl¢n
EC2N 1Hz
Trlodoj Bank
Deanery Road
Bri5101
BS1 SAS
Page 3

The Premises Music Educatlon Programme
(A Charlty Company Llmltod by Guarantse, company number 3258366)
Truste8s' Repor( incorporating the Directors, Report
for the year ended 31 March 2024
The trustees (who are also directo￿ ofthe charity for th8 pu￿oSe5 of cornpany law) submit their annual report 8￿j audited financial
statement for the y8ar ended 31 March 2024.
Th8 trustaes ￿nfiffl that the Annual Report and Financial Ststarnents ofthe charity comply with current statutory requlrements. the
requirements of the charity's goveming document arKJ the provislons of the Statement ol Recommended Practice {CharlI￿8 SORP
FRS102) "Accounllng and Reporting by Charilles" Issued in 2015.
GOVERNANCE AN
NA
EMEN
Govamlng Document
The Premlses Musk Education Programme Is a company Ilmited by guarantee, incorporated on 2 October 1998 and reg55t8red as
charity on 13 November 1996. The company VMS estsb115hed under 8 MemoraThlum DfAssocSabon whith estsblished the objects
and powers of th8 company and Is govemèd under its Articles ofAsso¢laUon. In the event of the Gompany being wound up mefflb8r5
are requlrad to contribute an amount not exceeding £1 oach,
Tru•toe•
The Trustees of th& charlty whg hefvj office du￿ng the year arn dlsclos•d on page 3.
CTIV
Charltabl? Oblects
The charity Is govemed by its Memornndum and Artides of Asso¢lation The￿ state the charfty's maln oblecllves, whSch ar6 to
a(fvanc• th• musical educatlon of the public arKI In particular, but not exclu¥lvgty, that of children and young people.
Activltles during the yaar 23r24:
1) RunniTrJ free Volce Jam ¢ournos durlng hall teffli and Easter for young people ol secondary school ay. These provlde free
a¢¢e8810 Slnglng and rocording In a prol8sslonal •nvironrnent. breaklng down down barrlers for those Vdho would not nonnally
have access to recordlng, Includlng young people In caro
2} EstBbllshlng a coum with Yolanda Chartes, for bass play¢r3 and dnllrmer31o develop muslclanship skill¥.
3) Runnlng a Ilve perfomianca course for planists to play Ilve wlth a prof855Sonal band.
41 Running our 25th annual Plano Jumrner school.
51 Runnlng a Gospel song racordlng Course In partnerjhlp with the Gospel Muslc Indu¥ty AlllanGo, whlch allowed Gospd singers
tolgam th•ir craft Viith profe5slonal teachers and f•cord their songs vlth the be$t mu$lc•l and technlcal support.
61 Partnoflng with Lurine Cato lo run sl)ort courses In backirvJ vocals.
71 Partn•rlng wtth Dayllght Studlo$ to prgvide a leamlng Space for neur(Hliveoent tralnee producers to wort( wlth neurfynormativa
artlsts to create music together wllh a view to rolllng thls out as a largar. annual programme.
81 Partnerlng wlth Hackney Music Ser41ces to provlde se￿Ice5, courses and Industry advice, and to establlsh good worklng
rela15onship5 with the heads of music In Hackney Secondary Schools.
gl Establlshing a training schema for young musklans and recordlng englneers.
101 Partnerlng Music Educator Cath March, who runs InnovatiN* performance courses In Ha¢kney schools with Blue Sky
Thlnklng.
111 Providing practical and financial support to 81g Creative Educatlon, The Irene Taylor Trust, Women In Jazz, Grand Unlon
Orchestra, Help ￿￿1clan5, and The Altomative Conservalolffj.
121 Invasting In mu51cal equlpmenl to ensure quallty delivery of our COUfse$.
13) Malntsining and managSng th8 property at 209 Hackney Road.
14) Working In conjunclion with educational developer DenS98 Slanlay to provkle space and support to develop a measurable mujlc
Industry related skiifs programme called CLOCK.
151 Supportlng woducer Hannah V, to d8velop a successlul programme to help youn9 rnuslc artlsts In South Afrira.
FINANCIAL R
Results for tho year
The results of the period and financial posib'on ol the charfty ar• shown In the annexed financlal slalements.
The Statement of Flnancial Activitie5 showg net incgme for the year of£34,139, and reserves of £1,134.632.
Tanglble fixed a8￿th for use by thè eharlty.
Fixed assets are set out in Nola 8 to th? accounts.
Pagè 4

The Premlses Music Education Programme
(A Charlty Company Llmltsd by Guaranteo, company number 3268366)
Trustees, Report, Incorporatlng the Directors. Report
for the year ended 31 March 2024
Reserva8 Pollcv
The trustse$ consider that a policy of holdlng a mlnimum of slx months Income a5 a general re$ernp i¥ appropriate for the charity.
S•nloT Staiutory Audltor
The statutory auditor, Anthony AmislrorKJ FCA ofArmstrong & Co, has indicated hls willingne55 lo b8 proposed for re-appolntment
In accordance wlth Seclion 485 of the Compani85 Act 2006.
Although not requlr8d, the Irusleas have d8t8miined that the charitable Ccwpany be audlted under the Companlas Acl 2006 for the
year ended 31 March 2024. The ¢haritsbl8 company is not requlrad to be auditèd under chari16es legislation for the year eThJed 31
March 2024.
This report has been prepared in accordance wllh the special provislons of Part 15 of the Companlas Act 2IyJ6 ralating to small
compani￿.
The trusleeg acknowledge and confimi thelr r85ponslbllities for prepaflng the financial slatem8nts and providlng approprfat•
InfO￿allOn lo the auditor5 85 detailed In Ihe Statement of Trustees, Responsibllilies set oui on page 6.
Th• flnanclal statements w•rn approv•d by th• Board of Truitoe• on 23 Octobfjr 2024 and slgnod on h8 ￿h&ll by:
cola Coll
8. Tru¥to•
Page 5

The Premises Music Education Programme
(A Charlty Company Llmlt•d by Guarantea, company number 3258356)
Statement of Trustees, Responslbllities
for the
ear ended 31 March 2024
The trustees Ivtho af8 th8 dlrectors ofThe Prembes Music Education Programme for the purpose of company lawl are
responsible for preparing the Trustees Annual Report and the financial statements in accordance wllh appll¢abla law and United
lfjngdom Accounting Standa￿s {United Kingdom Genwally Accepted Accounting Practice).
Company law requlres the tntslees to prepare finanGial stat8m8nts for each finandal year whlch glve 8 arKI falr vl8w of thg
state ol affairs of the charit8ble company and of Its Incoming resources and applicats'on of resources, Includln9 the income and
8xpondiiura, of the charttable company for that perlod. In preparing these financial ststements. th8 Iru$to85 are raquired to:
a} Selèct suitable accoun15ng policies and apply Ihem conslstently;
b) Observe the melhads and prlnciples in th8 Charltles SORP,.
c) Make ludgaments and estimats$ that are weasonabla and prudent,
d) Follow applicable accounliiwJ Standards and statem8nts of recommended pradce, Su￿9¢1 to any rnaterial departur89
d18closed and explained in the accountg;
e) Prepare the financlal statements on Ihe going concam b8$1s unless il Is Inapproprlate to 85gUrne that the charftable ¢ompany
will contlnue Sn operatlon.
The truslegs are resp￿SIble lor k8eping adequate accounting records whlch dlsclose vlth reasonable accuracy at any time th8
ffinanclal posltlon of the charitable company and enable them to ensur8 that thè flnanclal statements comply wlth tha Companles
Act 2008 and charity leglslation They ar8 al$0 fespon8lble fol saleguardin9 the assets of the charliable company and henca for
taking reasonabl& stepg for tho preventlon and delectson of fraud and Ot￿r irregulari￿eS.
So far as trustees are aware, there Is no relevant audit Info￿allon ofwhlch the ch8ritabl8 company's £udllor Is unaware, and
the tnjstees have taken all steps thal they ought to have tsken to make Ihemselves awa￿ of any relevant audit Infomiatlon and to
e$labllsh that th8 a￿￿{tor Is aware of that Infomiation.
Page 6

The Premises Music Education Programme
(A Charlty Company Llmltsd by Guarant•e, company number 3258356
Independent Auditor's Report
to the Member3 of The Premises Music Educatlon Pro
ramme
We have audited tha financlal statements ofThe Premises Muslc Education Programme for the year erKJed 31 March 2024 whkh
comprlse the Slalement of Flnanclal Activities. Statement of Flnancial Position, Statement of Cash Flows and the Notes lo Ihe
AGGounts to the Financlal Statements. induding sSgnifi¢anl accounting polkles. The financial reporting framework that has be8n
applied in thelr prèparation is applicable law and United Kingdom Accounting St8ndardg. including FRS 102 'The Financlal
Reporting Standard applicabl8 in the UK and Republlc of I￿land, {United Kingd¢m Generally Accepted Accountsng Practice).
In our opinitM Ihe financlal statements:
give a true and falr vlew of the stale of the charilable company's affalrs as at 31 March 2024 and ol tts Incoming resources and
applicatlon of resources. including Its Incom• and exparKllturn, for year then ended;
have been prop8rly prepared in accordance with Unlted Klngdom Generally Acceptad Accounting Practlce: and
have been prepaied in accordance wlth Ihe roqulrements of the Ctxnpanie5 Act 2006.
Ba•18 for oplnlon
We corKlucled our audit In acco(danc8 wlth Int8rnallon•l StaThJards on Auditing (UK) (ISAS (UKII and appllcable law. Our
responslblli118s under tho88 Standards are fijrther dexribod In the aud¢tors' r8sponsibillt18s for the audit ol the finandal gtalementS
s•ction ol our reporL We are independent of the chadtabl8 company In accordance with the ethlcal requlrement5 that are relevant
to our audit of the ff nancial statements in the UK, Includlng the FRC'5 Ethlcal Siandard, and the provlslony available for small
enlllt8s, In th• clrcumstance$ sel out In Note 210 the finanGl81 statements, and we have fulfilled our olh8r ethlcal respon>ibllities In
accotdance wlth the$0 rpqulTrments. Wa be118V8 that the audit evldenca we obtslned15 sufficlent and 8pproprlate to prowde
a basls lor our oplnion.
Conelu•lon8 rnlatlng to golng conc•m
In audltlng th8 financial stalemants, w• conduded that the tnJstse$' usa ol the golng concem ba$1$ of accauntlng In the
preparatlon of Iho Ilnanclal 51alements Is aprrfoprlats.
8a$•d on the WO￿ we have perfomied. we have not ¥Jenllfied any matertal uncertaSnUo$ rnlating to events or condition5 that
Indlvldually or collectively, may cast slgnlficant doubt on the charitys ability to contlnue as a golng concem for a perlod of at least
tsvelva months from when the financial statements are aulhortsed for Issue,
Our responsibilille5 and the responslblllttès of tha trustees ￿th f•Jpect to golng can￿rn are d•8cribBd In the rnlevant ¥eGtlons of
thls report.
Oth•r Inlomwllon
Tho other Infomiatlon Gomprfses the Infomatlon Included In lh• annual report, oth•r than the financlal statefflenis and our audll
r•port ther￿n. Tho Irustaes are responsible lor the other Inlomiation.
Our opinion on the Ilnanclal slaiements doos not c￿r the othor Informalon and, except lo the extent otherthse expl1• stated In
our report we do nol express any forrn of assurance ¢onclu51on thereon.
In connectlon wllh our 8udlt of the financial Statements. our responslblllty Is io read th• other Infomatlon and, In doing so, conslder
whether the other Infonnatlon Is materially inconslstent ￿th the finandal ststements or our knoyledge obtained In the a￿111 or
otherwtse appears to be matwialty mlsstated. If we idenlify such material Inconslstencl89 or apparent mal8rlal mlsstatsments. we
are required lo detemilng whether Ihere Is a material mlsstalemenl In the financlal statemonts or a maierlal mlsstaiement of other
Inft>matlon. If, based on the work we have perfomied. we condude that there 15 a materlal mlsslaiement of thls other Infomation.
we are requlrnd to roport that fact.
Wa have nothlng to report in thls regard.
Oplnlon on other matter pro8crlbod by th• Companle8 Act 21K16
In our oplnlon, bawl on lh8 work undertaken In ￿ course of the audlL'
the infonnatlon given In the t(ust8es' report, vthlch Indudes the dlreclors. report prepared for the Pufposes of company law, lor
the financlal year for which the financlal siatement5 are prepared is conslstenl with tha financial stslements; and
the directot5' Teport induded bthin th• Iru$t•es' rnport ha$ been prepared In a￿1rdance with appllcable legal reqvirements.
Page 7

The Premises Music Education Programme
(A Charlty Company Llmlted by Guarnntoo. company number 3258356)
Independent Auditorfs Report
to the Members of The Premises Music Education Pro
ramme
Mattorn on whlch wo ar• raqulr•d to report by ex¢8ptlon
In the Itghl of the knowledge and understsnding of the charitable company and its envlronment obtained in th8 course of the audit.
we have not identified material misstatements in the dlreclors, report included wthin the trustees, ￿port.
We have nothing to r8POrt In respect of the followlng rnatters the Compani85 Act 2006 requlres us lo report to you if, in our
opinlon
adequate and proper accountlng records hav• not been kept, or retum5 adequate for our audit have not been recelved Irom
branches not vlslted by us., ¢r
the financi81 st8t8menis ar8 not In agTrem•nt with Ihe accounting records and retums: or
certaln dlsclosures oftrustees. remuneration specified by law aro not made, or
we have nol received all the Infonnation and 8xp18nations we r8qulr& for our audit,. or
the Irustees were not entided to prepare th8 financlal statements In accordanc8 wlth the small companies reglme and tske
ad¥8ntage ofthe small companl8$' exemptions In preparing the tnjstees, report and from the requirem8nt io preparn a strntegic
reporL
RMpon8lbllltle8 ol trustsoj
As 8xpl8inod more lully in the trustees, respon$iblltti88 ststement set out on pa99 6. the trustee$ (who arg 31so the dlreciorn of the
charitable company for the purposes of company law) are responslble lor the preparation ol th8 financlal slatamanis and for belng
sabsfied that they gfve a true and falr viaw, and for such intemal control a$ th? Iruslees detemine necessary to enable th8
preparation ol financlal ststem8nts that are free from material mlsstatement. whether due to fraud or error.
In preparfng the financial statements. Ihe trustoes are responsibl8 far ass85slng th8 chaflt8bl8 ¢ompanVs ablllty to contlnu8 85
golng concem, disclosing, as appllcaEAo, matters felat8d ￿ going concem and uslng the golng cDn¢ern bas55 of accountlng unless
the trustees elther Intend to liquidate the charltabl• Company or to cease operations, or have no reallstlc 8liemativ8 but lo do so.
Audltovs rg•pon8lbllllle• for tho audlt of th• Ilnanclal •tAt•m•nl*
Qur objectives ara to obtaln raasonable assurdnce about whether the financlal ststements as a whole are free from material
mlsstatomanL whether due to fraud or error, and to 555ue an auditorfs report that Includes our opinion. Reasonable assuran¢• is a
hlgh level of avJurar4ce, but is not a guarantee that an audlt conducted In accordance vlth ISAS IUKI wlll always detect a malerlal
mlsstatemant when It exists. Misstatements can ari8• from fraud or orror and are con8ldered mateflal If, Individually or in the
aggrggate, they could reasonabty be expected to Influenca the econornlc decS9lon$ Of u$•rs tsken on the b£818 of thew financial
statements.
Irregularftles, I￿lUdIng fraud, are Instsnces of nonrycompllanc8 wllh laws and r•gulations We deslgn pro¢edums in line with our
responslbllltl8$. outlined above, to detect maierlal misstatements In respecl of Irregularities, Including fraud. The extent to whlch
our procedures are capable of d•l•cling lllegularltle$, In¢ludlng fraud Is det8llad ￿10￿.
W• Identified the legal and f8gulo10ry frameworks th4t ar• applicable lo Ihe entty and determlned that the most slonlficont ara
those that rglate to the Bpecific buslness environment In whlch they operate, th8 reportlng requlrem•nts th•y 4r• obllged to
adhere to and other legal and ragtslalory requlrom•n15 appllcable to owralSng entitie$ In general,
These Include the Companles Act 2006, thè Charities Acl 2011, FRS 102, the Chaiitiès SORP and GDPR leglslatlon, The
charitable company oporatos l¢rAlly and Is nol slgnificantly Impacled by Iniemational law or regulalons.
Taxation law and regulatlons appll¢able to charltles also apply lo the chafltAbla company bul it18 not Involved In any comphx
matters that increase the rlsk of nOn-C￿p1lanCa.
Each area of audit review indudes In the audlt documentatlon referenc4 to potential non•cornpllance and awareness of
potential nonacompllance Is embedded In our audlt procedures.
Wa agsessed th8 rlsks ol materfal misstatement In respect of fraud by enqulry of management, revi8w of th8 charity's
operations and dlreci revlew of signlficant and material transactions, InCI￿lIng all n)n-$tandard or Irregularjoumal adlu$lments
Our und8rstandlng of the organlsatlon enables us lo undef5tand and Identlfy transactlons or areas that appear to pr8senl a rlsk
of fraud. None were detected.
Our pre-audit quesllonnalre specifically m8kes enquires about fraud and thls Is supported by audit documentatlon. We 0150
review Boafd mlnute$ to kianlify any matters of concern or tsk. None was Identlfied.
Th8 audit was corKlucted by A very experienced audlior who has a good knovAedge of the cllent and no other 855iStance or
support was requlred.
The charity is small, Its acbvitias 8re regular and ¢Msistent and are not complex and no speGi31 audit considerntions apply, nor
is extemal 5peclallst a$¥lstan¢e required.
A further descriptlon af our responsibllitie5 for the audrt of the financial statements Is located on the Financlal R8POrting Coun¢il'8
website at www.frc.org.uklaudltorsresponslbllld•$. This descriptlon fomis part ol our auditols reporL
Page 8

The Premises Muslc Education Programme
(A Charlty Company Llmltod by Guarnnlee, comp•ny number 3258356)
Independent Auditorfs Report
to the Members of The Premises Music Education Pro
ramme
Use of our raport
This report18 made 8018ly to the Charilable companys mern￿￿ as a tx)dy, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been und8rtaken so that We mlght state to thè charitable company's members those
matters we are requlr8d to 51ale to them In an audltors report and for no other purpose. To the fullest exlenl pennitted by law, wa
do not accept or a55ume responslbllity to anyone other than Ihe charitable company and the chaiitable companls members as a
l)ody. for our audlt work, for this report, or for the oplnions w8 have lornad.
nthon
Ami
nlor ststu
ftirand on bèhalf of Amistrong & Co
Chart•r•dAecount•nts & Statutory Audl¢or
Datod: 23 Octob•r 2024
4a Prfntlng Hou8• Y•rd
Hacknèy Road
London E2 7PR
Page g

The Premises Music Educatlon Programme
IA Charfty Cornpany Llmlted by Guarnnlge, company numbor 32S83S6)
Statement of Flnanclal Activities
Incorporadng the Ineomg and expendlturn 8c¢ourt
for the
ear ended 31 March 2024
2024
Toial Funds
2023
Total Funds
Unrnstrl¢tod
Fund•
R•strlctod
Funds
Note8
Income from:
Donations and legaaes
Charitable 8ctiwtie8
Investsmenls
7.533
139.942
1,578
7,533
139,942
1,578
1.350
147.255
453
Total Incom•
149,053
149,053
149,058
Exp•ndltur• on:
Ra151ng lunds
Charitable actlvllles
2,500
112,414
1,500
99.286
109,753
2,681
Total •xp•ndltur•
112,253
2,661
114,914
100.766
N•t In¢om•l(•xp•ndltur•l and mov•mont In funds
(2,661 }
34,139
48,292
RKonclllatlon ol lund•:
Totsl funds brought forward
14
761.225
339,268
1,100.493
1,052,201
Tolal funds carrf•d forward
14
798,026
336,607
1.134,632
1,100.493
All Incomlng r•3ourc•J and resourcas expended are deflved from continuing activitsos.
Thè statement of flnanclal activiti•s Incorporates an Incorne and experKlllure account
The a¢¢ompanyin9 accountlng poll¢ie$ and notes fmn an Integral part of these flngnclal ststemant$
Pag810

The Premises Music Education Programme
IA Charlty Company Llmltod by Guaranta•. company number 3268356)
Statement of Financial Posltlon
as at 31 March 2024
31 Mareh 2024
31 March 2023
Not•8
Flxod •88et8:
Tanglble assels
Total Ilx8d a88ets
926.953
932.959
Currnnta•uts:
Debtofs
Cash al bank and In hand
Total cuffent 4S8•t•
3,465
348.751
10
6.044
329,152
Cr•dltorn'. amounts falllng du• wlthln one ￿ar
Net curr•nt a8s•lsl(IlabllltlM)
112,197
109,829
240,019
225,367
Tolal •i•et•1••8 curr•nt Ilabllltl••
Cr•dltOrn: amounts lalllng du• after mor• than on•
y•ar
1,186.972
1,158,326
12
32,340
57,833
Total n•t a•MI•
1.134,632
1.100,493
The funds ol th• charlty:
Genernl funds
Deslgnatod fundg
Re$lrfct•d funds
14
16
18
484,403
313,822
338,807
447,803
313.822
339,288
Total charfty fund•
20
1,134,632
1,100,493
The$e flnanclal statements have baen prepar8d In occordance with the $pedal prO￿810n8 ol Part 15 01 the Cornpanlès kt 2008
relatlng to small companies and vlth the Flnandal Reporting Standard 102.
Th• flnanclal •t•t•m•nts approv•d by the Board of Tru•tee• on 23 October 2024 Ind Jlgn•d on Its behall by:
cola Colll
Th• notes on pages 13 (0 19 lomi part of th￿0 aceounts.
Page11

The Premises Muslc Education Programme
(A Charlty Company Urnlted by Guaranteg, company nurnber 3258356)
Statement of Cash Flows
for the
ear ended 31 March 2024
Notes
2024
2023
Cash IIow8 from operallng actlvltJe8:
Net cash provided byl(used in) oparatlng activitses
19.771
16,659
Cash flow8 from Inve¥tlng actlvltles:
Dlwdends, Interest and rents from Investrnents
PuKhase of propety, plant arKI equipment
1,578
(1,750)
453
Net ea•h provlded byl(uMd Inl Inv•stlng acilvltla8
Change In ca•h and cash equlvalents In th• r•portlng parlod
Cash and cash aqulval•nt8 at tho boglnnlng of th• r•portln9 perfod
Cash and eaih oqulval•nts at the •nd ol th• reportlng perlod
19,599
17,112
329,152
348,751
312.040
329,152
2024
2023
1) R•conclllatlon of n•t Incom•ll•xp•ndlture) to net cash Ilow froffl
op8r4tlng actlvJUe•
Net Incomel(oxp•nditure) for Ihe reportlna pèriod las per th• stal8menl of ftn•ncial
actlvitiej)
34,139
48,292
AdJuslm•nts for.
Deprncialion charga$
Dfvldends, Interest and rents Irom Inw$tments
Ilncreaselldecrease In debtors
Increasel{d8creas8) In cr•ditor8
7,756
11,5781
2,579
(23,125)
7,298
(453
{519
(37,958
N•1 ¢aBh provlded byl{u••d In) operatlng acllvltl•s
19,771
16,659
2024
2023
2) AMty•l• ol caih and ea•h •qulvalents
Cash In hand
348,751
329.152
Total ca•h and ci•h equlv•lents
348,751
329,162
Page 12

The Premlses Music Education Programme
(A Charlty Company Llmlted by Guarnntea, company numb•r 3268366)
Accountlng Policles
for the
ear ended 31 March 2024
Baxl• of pr•paratlon
The financoal slalements have been prepared in accordance Mrylh..
a) Applicable UK accounting standards. in¢l￿lIng Financlal Reporting StarKlard 102 Th Flnancial Reportlng Slandafd
appllcable in the UK and RepublK of Ireland IFRS 102),.
b) Accounung and Reporting by Charltlas Stalernent of Recommended Practice applicable to charltl8s prepariTrJ their
accounts in accnrdance with the Financial Reportlng Standard applicabl8 In th8 UK and Republic of Ireland (FRS 102)
(effective 1 January 2015) - {Charitles SORP FRS 102).,
c) thè Companles Act 2006,
d} the Charities Act 2011.
Publlc b•n•llt •nllty
Thè charilabl8 company moets the definatlon of a publlc b8n8fit entity under FRS 102.
Golng concern
The charitys income15 malnly derived from 8èlf4•n8rat8d sources. such a5 rental 5ncome and course lpgs. The tnjstees
cansider that th8re are no maiarfal uncartainlies about the likelihood that this support will contlnue, 8nd accordingly, the
acefjunts have been prepared on a golng concem basls.
Incom• r•cognltlon
Income Is recognl$8d when the charity has 8 contraclual or other rfght lo Ils rec8ipt, it 15 probable that the Income S￿11 be
recelwd and that th8 am￿nI can be meagurod reliably. Income with condillons attached to ts rec&lpt Is r8cognlsed when
those condltlons have been fulfilled,
Interest on fund$ held on depo$lt Is included when recelvable and th8 amount can be measured rellably by the charlty; thlj
Is nomialty upon notificatlon ol the Interest pald or payable by the bank.
Exp•ndltur• r•cognltlon
Expenditure Is accru￿ as soon as a Ilablllty Is consldered probable, and the amount ol obligation can b8 m8asur•d
rellabty, The charity Is feglstered for VAT and accordingly 8XP8nditure éxcludes VAT where appropriate.
£xpendilur• included In Rablng Funds Includes amounts Incurrad In obtainiry grants and other donati¢nJ.
Charltablé expenditure Indudes tho$• costs expended In lulfilllng the charlty's principal oblects, as oulllned In th• Report
of th• Trustees. Th999 In¢1￿Je grants payable, govemanct costs and an apporuonment of support Costs.
Grants payable are payments made to third parties In lurtherance of the charity's owcts. In the case of an
uncondlilonal grant offer thls Is accrued onc8 the raclpiant has been nollfied Of the grnnt award. The notification glves
th8 r8¢ipl•nt a reasonable axpg¢t31ion thal they wlll receive the grant. Grant awafds that are 8ubl8Ct to tha raciplent
fulfilllng perfomance condltlons are only accfued vthèn tho raclplent ha5 been nollfied of the grant and any remainin9
unlulfilled cOndI￿On attaching to that grant Is Outside of the control of the rharlty.
Govemance cosis Comprise all costs involving the publ1¢ a¢￿untabl1bty ol the charlty and its compllance wlth
regulation and good practice. These costs Include costs r818t8d to the audit and legal fees.
R8ntals undor operatlng l¢as95 are charged as Incurred over the lenn of the lease.
Costs are allocated dlrectly to projects where thay can be identified a8 relatlng SO￿lY lo thai prglect. Other costs are
allocated b8twe8n the funds based on staff Ilme spent on the fund activiti￿ or other approprlate uiteria.
D•f•rrnd Incomo
Income recelved bthich 15 contraclualty or othevwlse not expendabl8 undl a luture poriod Is d•lerred to the pedod In whlch
it meets the ciiterla for Inc(xne recognltlon.
Endowm•nt fund¥
EndowTnenl funds are ftstrkted fvnds which are capital In nalure. Pernanenl endowments exist wher8 there is no power
to convert the capltal Inlo income. Th8 fvnds can reduce whem there are decreases In value, either by losses or
depreciation, of assets opresented by th¢ furKIs,
R￿llIcted Fund8
Restricted funds ar• only to be used for specified purpo8es as laid do¥w by Ihe funder Diract arKI support expenditure
which meets these criteria are identifiad lo fund together with a lalr allocatlon of other costs
Page 13

The Premises Muslc Education Programme
(A Charfty Company Llmltsd by Guarantso, Com￿nY numbar 3258356)
Accounting Pollcles
for the
ear ended 31 March 2024
Unre8trlctsd Fund•
Unrestricted fvnds are fu￿jS re¢elved which have no restrictlons placed on t￿1¢ use and ar• available as general fvnd5.
Dé•lgnat•d Funds
Dasignated funds are unreslrici•d funds eamiarked by the trustee5 for parth¢ular purposes.
Hlr• purcha•e and lea8lng commltments
Rentals pald under operating leases are charged to the Siatement of Financlal Actfvitlas on a stralght line basis over tha
perlod ofth8 lease.
P•n8lon8
The Charity operates defined contribution sch8mo$ which are admlnlstared by outslde independent penslong provider5.
Contnbulions payable for tho yoar aro charged lo the Statement of Flnandal A￿l¥ll188.
Tanglbl• Flxed Auets
Tanglble fixed asset5 are stated at cost less deprnclation. Depreclatlon Is provided at lh• followlng annual rales In order to
V4TIt8 off each 89Sat over its esllmated us0fv1 life.
Th8 fro•hold propgrty18 malntalned lo a high starKlard and15 expected lo have a Ilfe exceeding SO years and a hlgh
resldu81 value. The remaSnlng deproctable amount Is b•ng written off over 50 years.
Land & bulldlng5
Funiture & fixtures
Office equlpmenl
2% on c05t to resldual VAIu•
- 25% on cost
- 25% on cost
Items ol equlpmenl are only capiialisad where th• purchase prke exceeds £500,
Page 14

The Premises Music Educatlon Programme
IA Charlty Company Llmlted by Guarantee, company numbor 32583661
Notes to the Accounts
for the
ear ended 31 March 2024
1 Incemlng rèsour￿$
The IncomlThJ resources and surplus are attributable to the prfnopal aclivilies of the charity.
2 Net Incomlng r•8ourc08
Net incoining resou￿85 8r8 Statad aftwcharging..
Audltors fees- audit seNIc8S
Auditor5 fees- othgr sefwces
Depreciation- owned a55ets
2024
2023
1,350
1,400
7,756
1,350
1,￿10
7,298
Tru•ts•8' •molum•nts
Emoluments Includ8 salaries. fee5, bonuseg, expense allowances and estimat8d non-cash b8n8fits rtt•ivabla. All Irusiees serle
In a voluntsry capaclty and do not r8celv8 payment for thelr s8Thlca8
FRC EthIc81 Standard - Provl8lons avalliblg for small entltlos
In common with many oih&r charities of our slze and naturg we use our audilor3 to assist with the preparallon of lh8 financlal
staternenis and to prowde advlce relallng ¢0 Btatutory and regulatory compllanc8.
2024
Tolal
2023
Totsl
3 0onatlon• and legacle8
Unmtrlct•d RMtrlct•d
DonationB
7,533
7,533
1,350
2024
Total
2023
Total
4 Incorn• from charftable •ctlvltl••
Unr•strlctod
R•8trl¢t•d
Renlal In¢ome
Jazz Plano fe89
Course fee$
127,202
2,980
9,760
139,942
127,2Q2
2,980
9,760
139,942
144,905
2,350
147.255
2024
Totsl
2023
Total
6 Incom• Irom In¥￿tments
Unmtrlct•d
ft￿tr1¢t•d
Bank Inier•3t re￿iVed
1,578
1.578
1,578
1,578
453
453
2024
Tol•l
2023
Total
6 Expendlturn on ral•lng fund•
Unr••trlctod
RMtrlct•d
Fundraising foe5
2.500
2,500
1,500
Page 15

The Premises Music Education Programme
(A Charlty Company Llmltsd by Guarantee, company numbor 32683561
Notès to the Accounts
for the
ear ended 31 March 2024
7 Expendlturn on charltsble actlvltles
2024
Total
2023
Tolal
Unr08trfct•d
R•strl¢tsd
t)onations rnade
Charity adminSstration
Charity managèment
Musician5 and cours• tutors
Hir8 & equlpment
Adverti￿ng
Repalr5 & malntenanca
Legal & prolessional fees
Bad debis
Bank chargoj
Loan int8f8St
A￿￿{torS fees- audit seNices
Audllors fe8s - other seryices
Depr¢ciatton Charge
15,364
22,690
19.902
11.533
2,275
1,825
14,695
9.397
15,364
22,690
19,902
11,533
2,275
1,825
14,695
9,397
4,300
19,242
16,419
10.948
10,169
2.200
18,158
2,164
870
211
4,037
1,350
1,900
7,298
99,266
218
4,010
1,350
1,400
5,094
109,753
218
4.010
1.350
1,400
7,755
112.414
2,681
2,661
8 Tanglbl• flx•d aM•l•
Land &
bulldlngs
Funliur• &
Ilx¢urn8
Offlco
•gulpm•nt
Total
Cost
As at 1 Aprll 2023
alditK*n8
1,014,888
25,922
6,065
1,750
1,048.875
1,750
As at 31 March 2024
1,014,888
25.922
7,815
1.048.825
Doprnclallon
As at 1 Aprfl 2023
Charge for the year
81,929
7,318
25.922
0,065
438
113,918
7.7S6
As Al 31 March 2024
89,247
25,922
6,503
121,672
Net book valuo
As at 31 March 2024
925.641
928,953
As at 31 March 2023
932.959
932,959
The fixed assets held by the charfty h8ve been purchased uslng funds from a vartaty of sources. Some of liiese sources place a
restrlclion on the ablllty ol the charity lo dlsposo of a$$ets bought wllh Ih8lr funds Thls regtrlct6on usually r•qulres the charfty lo
galn approv81 for any disposalg.
9 Dobtorn: amounts falllng duo wlthln ono y•Ar
Operating debto
2024
2023
3,485
3,465
6,044
10 Bank and cash In hand
2024
2023
Bank current account 2
Bank current account 4
Bank current accounl 7
Bank current account 8
Cash account
8,127
302,914
850
38.860
30,SYJ9
265,882
1,052
30,964
345
329,152
348,751
Page 16

The Premises Music Education Programme
(A Charlty Company Llmltsd by Guarantse, company number 3258356)
Notes to the Accounts
for the
ear ended 31 March 2024
11 Cr•dltorn: amounts falllng duè wlthln ono year
2024
2023
Rent deposits
VAT liability
Accruals
Deferred income
Premises Studios Llmited loan
Trfodos bank loans
Bounce Back loan
5,600
15,855
3,747
s,000
56,486
20,509
s,000
112,197
5.575
14.109
3.747
5,317
58.486
19.595
109,829
The loan froffl Prernlses Studlos Llmlted Is unsecured, Interesl free and there are no fornial repayment tems. Premig05 Stud105
i Llmlt8d has Indicatsd that it would not seek repayment if it were to be detrimental to Ihe chari
's finandal clrcumslances.
12 Cradltorl: amoun1• falllng du• aft•r on• y••r
2024
2023
Triodos bank loans
B¢JuncA Back loan
26,507
5,833
47.000
10.833
Th8r8 are two Trfodos Bank loans. One was ropakl In fijll In December 2022 and was charged at 4% over Royal Bank of
Scotlands base rate. The other loan 15 ￿payabl0 by May 2026 and18 charged at 1.4% over Royal Bank of ScoU8nd's base rnte.
Both th8 loans ar8 38cur8d on tha cofflpany's freehold premises
The charity applied for the Bank of Scotland Bounco Back loan In previous yeaws There was a 12 month payment hollday on thé
repayment of the loan. The loan13 payable by June 2026 and the Interest Is char98d at 2.5%. The loan In uns8cur8d,
13 Maturfty of debt
2024
2023
Amount tallSng due
In one year or le45S
8ots•Men one and five years
81,995
32,340
81.081
57.833
Op•nlng
b•lanc•
R••ourc
arlxlng
A•Bour¢
uUll••d
Closlng
balanc•
14 The fund• of the charlty: currnnt ￿41
mov•m•nt•
Restrlcted Income lund$
339,268
12,881)
336.607
D8$ignsled lurKIs
General fvnds
Tolal unrnstrtGled funds
313,622
447,603
761,225
313.622
484.403
798,025
149.053
149,053
112,253
(112.2531
1,100,493
149.053
114,914
1,134,632
Op•nlnq
b•lAnc•
R••ourc
arlllng
R•sourcos
utlllud
Oth?r
mo¥om•nts
Clo•lng
b•lanc•
15 The fund8 of th• ch4TIty. prlor yur
Restrlcted income funds
341.922
(2,654)
339,288
Designated funds
General fvTrJs
Tolal unrnslnctod lunds
313,622
396,857
710.279
313,622
447,603
761.225
557,680
557,680
198,112)
198,112)
408,622
(408.622
1,052.201
557,680 1.100,493
100.766
408.622
Paoe 17

The Premises Music Educatlon Programme
(A Charlty Company Llmllod by Guardntsg. company numbor 3258356
Notes to the Accounts
for the
ear ended 31 March 2024
Op•nlng
balanc•
R•8ourc•s
arknlng
RHourc
utllls•d
Transf•rs &
affju•lm•nts
C1￿1n9
b4lanc•
16 De8lgnated funds: eurront ygar
Operating Int8mipll¢Jn costs
Building malntenancè
Lift replacemant
Loan repayments Pfovlslon
65,000
80,000
90,000
78,622
313,622
85.0
80,000
90,CKK)
78,622
313,622
Op•nlng
balknc•
Ruourcos
Rwourc•8
ullll••d
TrMslor• &
•dJuslm•nl•
Closlng
lanc•
17 De8lgnatsd fund8: prlor year
Operating inlemjpllon costs
Bulldiw malntenance
Llft replacement
Loan repayments provi$iixi
65.000
80,000
gD,000
78.622
313,622
85,000
80.000
90,WO
78,822
313 622
Operatlng Inl•miptlon eoitA
Bulldlng malnt•n•n¢•
Llft roplac•m•nt
Loan repayments provl•lon
Sufficlent running ¢o$ts lo cover an Intemipllon pgdod ol up to 6 monlhs
Cost of essential bulldlng malntenance works
Cost of Ilft replacement
Six months loan repayments relatlng lo the &iurchase of a property
Op•nlng
balanc•
In¢omlng
rn•our¢o•
RKour¢•8
TMnsl•rn &
•xp•ndod galn•l(lo••••)
Clo8lng
balanc•
18 Re•trlct•d fund8: eurr•nt p•Tlod
Freehold premlses & Btudlo
Digital Bridge
340,657
1,265
341,922
2,681
337,996
1.265
339,261
2,661
Op•nlng
b•l•nc•
Incomlng
rnsourc•s
R••ourc8•
Trnn•f•rn &
•xp•nd•d gaIn￿{la•1•$I
¢1￿1n9
bahnc•
19 R••trlclgd fund•: prfor p•rlod
Fr••hold wemlges & Btudlo
Dlgit41 Brfdge
340,657
1,285
341,922
338,IX13
1,285
339,268
2,654
Rutrlct•d fund• {contlnu•d)
Projects financad by reslricted funds are BUPPQrted by unrestrlcted fijndlng where necessary. This OCCUTS wh8r8 th8 fundlnll is In
arrear5 or the Incldence of expenditure on the project occurn dlsproportionalely at the beginning of the prolect compared to the
income Ilows. Wh8r8 Testrlcted projects end Ihe year with a deficit, thls Is met by after yearaend resldcled InGome or transfers
from unrestTlcted funds.
Fund o*m•
Fr•ehold pr•mlgM & •tudlo
PuryM• of r••trlet•d fund•
Funds represent part of the c05t of purchaslng and reftjrblshlng the propety at 209
Hackney Road, Including building a recording studio. Tha balanc8 of the costs arn mat by
loans. Th8 expendlture relates to the depreclation applied lo Ihe bulldlng
Funding to develop a bespoke e-commerce studlo b(>ciklng system.
Dlgllal Brldg•
G•neral
lund•
Dwl9nat
fund¥
R•¥trlGt•d
nd8
Endowmgnt
fund•
20 Net a85•ts attrlbutabl? to funds: currnnt perfod
Tanglble fixed assets
Current assets
Current liabllltles
Long temi Ilabllitles
Net assets represented by lund5
587,645
41,295
(112,197)
32.340)
484,403
339,308
(2,701)
926,953
352,216
1112.197)
132,340
1.134.632
313.622
313.622
336.607
Paga 18

The Premises Music Educatlon Programme
(A Charlty Company Umllod by Guarantee, company numbor 3268366)
Notes to the Accounts
forth8
ear ended 31 March 2024
G•ngral
lund•
Doslgnat•d
nds
R•*trlcl•d
fvnds
Endowmenl
fund•
21 N•t a888ts altrlbutabla to fund8.' prlor perlod
Totsl
Tanglble r￿d assets
Currenl asseis
Current liabill￿e3
Long term liabilities
Nel assets repre88nt8d by funds
594,956
20,309
(109,829)
57.833
447,603
338.003
1.265
932,959
335,196
(109,829)
57,833)
1,100.493
313,622
313,622
339,268
22 Taxatlon
The company Is a registered charfty. Accordingly, it Is exempt from taxatlon In respe￿ of Sncoma and capltal gains to the extent
thal thes8 8re applied to its charitable obJ8ct$.
23 Po•t balanco •ho•1 •v•nts
There ¥vara no signifficanl post balance sheet events.
24 Contlngènt IlablllUo•
The charltabte company had no rnalerlal conllngent Ilabllities al 31 March 2024 nor at 31 March 2023.
25 R•lat•d partl••
Of the charity'8 tw$toe8 Ms N Colllnj l¥ a Close fgmlly member of Mr V Broughton, a dir•Glor and lo￿￿ shareholder of
Premlse3 Studi08 Llrni18d. The charity and Pr•mi$•s StudloB Llmlted ha￿ entered Into the followiThJ tran8aCtlons wlth •ach other
during th8 y88r undar review..
Premlses Stud1￿ Llmiled made net loans to the charfty during the year of £NII (2023: £Nil> The laan outstsnding at the balance
sheet date was £56,48612023: £56,488). Th• loan18 Inlernsl and there are no fornial repayment tenns Premlses Studlos
Llmiiod has indicated thot It would not seek repayrnent If it V￿re lo bo detrimental to the chaflty's posltlon
The charfty rents office and studlo space to P￿mISeS Studlos Llmlted. During the year It record8d r8nl of £37,820 (2023.
£43.350) and the balan￿ due at the end ol the year was £Nil12023: £NII).
The Charity rent5 room sparA trom PremSse$ st￿1105 Llmlted. the year It recorded rant paid of £NII {2023: £NII) and the
balance due at the end of the year was £1,¢)0012023: £1,000).
26 Glft• In klnd and volunts•rn
During the year lh• charitab￿ company benefited fffjm unpald work perfomied by volunt••rn.
27 Company 6tatU8
The company is Ilmlted by guarantee and accordingly d08s not havo a share capital. Every member of Ihe company undertakes
lo contrlbuie such amount 8$ may ba requlred nol exc8edlng £1 to ?55ets of the charitable company In the event of11 b8ing
wourKI up vthll• h• or she Is a member, or withln one 5*af after he or she ceases lo ba a member.
Page 19