Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
Registered number: 03466442 Charity number: 1067859
The Music For Schools Foundation
Trustees' Report and Financial Statements
For the Year Ended 31 August 2025
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Contents
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 17 |
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 August 2025
| Trustees | M Byrne |
|---|---|
| S Mercer | |
| A Padbury | |
| Company registered number 03466442 Charity registered number 1067859 Registered office The Gateway 85-101 Sankey Street Warrington Cheshire WA1 1SR Company secretary S Mercer Senior management team A Wooding, Head of Service K Robinson, Education Advisor T Preece, Enrolment Manager B Prankard, Teacher Support A Garland, Teacher Support E Jacques, Teacher Support P Maddox, Teacher Support Independent Examiner Dains Audit Limited 2 Chamberlain Square Paradise Circus Birmingham B3 3AX Bankers Royal Bank of Scotland Plc 38-41 Station Street Burton-on-Trent DE14 1AX |
Page 1
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Trustees' Report
For the Year Ended 31 August 2025
The Trustees present their annual report together with the financial statements of the Charity for the year 1 September 2024 to 31 August 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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).
Since the Charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
Objectives and activities
a. Policies and objectives
The objectives of the Charity are:
-
The advancement of musical education;
-
To provide an opportunity for children of all ages to learn to play a musical instrument by increasing access to musical instruments in school; and by arranging musical concerts and musical workshops at all times during the school year and during school holidays; and by offering free tuition to children whose means prevent payment;
-
To promote, encourage and organise school community bands;
-
To do all other things and all other acts deemed by the Trustees to be in the advancement of musical education.
The Charity's main objective is to make instrument teaching in primary schools accessible to as many children as possible.
The principal aim for the year was to continue to increase pupil numbers through visits to schools to deliver musical assemblies, whilst working to reduce operating costs.
b. Activities undertaken to achieve objectives
The Charity teaches approximately 2,000 pupils in 210 schools throughout the country, giving a wide range of children the opportunity to play musical instruments that they may otherwise not have had. The Charity actively works to increase interest in music through the use of musical assemblies in schools and to introduce children to the idea of playing a musical instrument.
The Charity charges for tuition, but provides assistance to pupils in need of financial support. At present approximately 70 pupils take advantage of subsidised tuition. The Trustees are conscious of the need to make the tuition available to as many pupils as possible. The tuition fees are set at a level which is generally affordable but which also provides sufficient funds for the Charity to support those who are unable to pay the fees.
The Charity uses approximately 50 teachers throughout the country, and ensures that teaching standards are maintained by a continuous training and development programme. Teachers are also encouraged to promote the playing of musical instruments outside lessons via school ensembles and bands, and also to guide pupils towards taking externally recognised examinations.
When planning the activities for the year the Trustees have considered the Charity Commission's guidance on public benefit.
Page 2
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Trustees' Report (continued) For the Year Ended 31 August 2025
Objectives and activities (continued)
c. Main activities undertaken to further the Charity's purposes for the public benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.
The primary activity undertaken by the charity is that of instrument teaching. The main objective of the Charity is to make instrument teaching in primary schools accessible to as many children as possible.
Achievements and performance
a. Review of activities
Pupil Numbers
During the academic year The Music for Schools Foundation (‘MfSF’) ‘Music Man’ again visited 122 schools to deliver musical assemblies, recruiting 972 new pupils. The ‘Mini’ Saxophone continues to be very popular with around a quarter of new pupils choosing this instrument.
Exams 2024/2025
141 candidates were entered for ABRSM Exams, which is almost 50% more than in 2023/24. 80% pupils were put forward for face to face exams, and nearly 99% pupils were successful. Tutors are becoming more confident again in entering pupils for exams which is encouraging.
MfSF Tutors
The focus for the year was to improve the support given to new tutors to improve retention. Whilst systems have been implemented and the structure for support improved, not all new tutors recruited were able to continue.
Promotion
In January 2025, MfSF exhibited at the Music and Drama Exhibition in London for a third time. The exhibition was enjoyable and the most valuable contact made was with a well-known composer who has been in regular contact during the year with a view to supporting the charity with teaching resources and potentially as a Patron in the future.
Head Office Staff
In January 2025, one of the full time staff members was released from their contract. It was felt that their skill set did not meet the current main demands of the role. After further recruitment, a replacement was appointed in August 2025. In June 2025, the ‘Music Man’ advised that he would be retiring at the end of the academic year and it was decided to move to a new model of freelance Assembly Presenters that can be ‘deployed’ on a more local level. The Foundation has invested significant time and resources into the recruitment and ‘set up’ of the new representatives during the Summer Term.
Page 3
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Trustees' Report (continued) For the Year Ended 31 August 2025
Achievements and performance (continued)
b. Investment policy and performance
The Trustee and management team have again considered the most appropriate policy for investing temporary surplus funds and have concluded that the most suitable investment funds currently available are a deposit account and two fixed rate bonds with the Charity's bankers which provide necessary access to funds whilst giving a satisfactory rate of interest in the present financial market.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Details of incoming resources and resources expended are set out in the Statement of Financial Activities on page 7 of the financial statements. Net incoming resources for the year ended 31 August 2025 were £67,078 (2024 - £45,303)
b. Reserves policy
The Charity intends to retain and build funds over the coming years over and above £100,000. The policy of retaining significant funds within the Charity has ensured the continuation of the Charity over the past 2 years, which have been significantly disrupted by the COVID-19 pandemic.
Structure, governance and management
a. Constitution
The Music For Schools Foundation was incorporated on 17 November 1997 under the Companies Act 1985. Being a Company limited by guarantee it is governed by its Memorandum and Articles of Association. The Company is also a registered Charity with the Charity Commission. In the event of the Company being wound up members are required to contribute an amount not exceeding £10.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. All Trustees are elected to serve for a period of three years at which point their position is reviewed.
c. Organisational structure and decision-making policies
The Trustees aim to meet on a twice yearly basis and are responsible for the strategic direction and policy of the Charity. A scheme of delegation is in place and day-to-day responsibility of the scheme rests with the Head of Service.
Page 4
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Trustees' Report (continued) For the Year Ended 31 August 2025
Structure, governance and management (continued)
d. Policies adopted for the induction and training of Trustees
New Trustees will undergo an orientation meeting to brief them on their legal obligations under Charity and Company law, the content of the Memorandum and Articles of Association, the working of the scheme and recent financial performance of the Charity. A comprehensive information pack has also been prepared with relevant information about the Charity and its projects, which is distributed to each Trustee.
e. Pay policy for key management personnel
The pay and remuneration of the Charity's key personnel are reviewed periodically by the Trustees to ensure these are appropriate and in line with market conditions.
f. Related party relationships
None of the Trustees held any interest in the funds of the Charity. There were no related party transactions in the year (2024 - £Nil).
Plans for future periods
During the next academic year, due to the retirement of the ‘Music Man’ the Foundation will continue to develop the new strategy for recruiting new pupils using freelance Assembly Presenters, and there are also plans to significantly rebrand – this will include the structure of the core provision, and all of the supporting resources including the website.
Approved by order of the members of the board of Trustees and signed on their behalf by:
_____ _______ M Byrne A Padbury Trustee Trustee
Date: 30 April 2026
Page 5
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Independent Examiner's Report
For the Year Ended 31 August 2025
Independent Examiner's Report to the Trustees of The Music For Schools Foundation ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity (and 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 Charity 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 the Charity's accounts 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
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Charity 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.
This report is made solely to the Charity'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 Charity'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 Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 30 April 2026 Karen Neilson FCA
Dains Audit Limited
Birmingham
Page 6
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 August 2025
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 3,989 601,999 2,474 608,462 541,384 541,384 67,078 119,713 67,078 186,791 |
Total funds 2025 3,989 601,999 2,474 608,462 541,384 541,384 67,078 119,713 67,078 186,791 |
Total funds 2024 5,843 561,399 2,179 569,421 |
|||
|---|---|---|---|---|---|---|
| 524,118 524,118 |
||||||
| 45,303 | ||||||
| 74,410 45,303 119,713 |
||||||
The notes on pages 9 to 17 form part of these financial statements.
Page 7
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation (A Company Limited by Guarantee) Registered number: 03466442
Balance Sheet As at 31 August 2025
| Note Current assets Debtors 11 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 12 Net current assets Total net assets Charity funds Unrestricted funds 13 Total funds |
92 192,314 192,406 (5,615) |
2025 186,791 186,791 186,791 186,791 |
56 124,354 124,410 (4,697) |
2024 119,713 |
||
|---|---|---|---|---|---|---|
| 119,713 | ||||||
| 119,713 | ||||||
| 119,713 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees 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 Trustees and signed on their behalf by:
| _________ | _________ |
|---|---|
| M Byrne | A Padbury |
| Trustee | Trustee |
Date: 30 April 2026
The notes on pages 9 to 17 form part of these financial statements.
Page 8
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 August 2025
1. General information
The Music for Schools Foundation is a charitable company limited by guarantee, incorporated in the United Kingdom and registered in England and Wales under the Companies Act and registered with the Charity Commission in England and Wales. The address of the registered office is given in the reference and administrative information of these financial statements. The nature of the charity's operations and principal activities are given in the Trustees' Report.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Music For Schools Foundation 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.
2.2 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.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
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 service.
Page 9
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 August 2025
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
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.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable 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.
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 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.
2.7 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.
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 services 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.
Page 10
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 August 2025
2. Accounting policies (continued)
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.9 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.
2.10 Fund accounting
General funds are unrestricted 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.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| Donations | 3,989 | 3,989 | 5,843 |
4. Income from charitable activities
| Teaching income Examination fees Workshop income |
Unrestricted funds 2025 590,020 11,099 880 601,999 |
Total funds 2025 590,020 11,099 880 601,999 |
Total funds 2024 552,353 6,616 2,430 561,399 |
|||
|---|---|---|---|---|---|---|
Page 11
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 August 2025
5. Investment income
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| Bank interest receivable | 2,474 | 2,474 | 2,179 |
6. Analysis of expenditure on charitable activities
Summary by fund type
| Teaching related costs Exam fees |
Unrestricted funds 2025 530,872 10,512 541,384 |
Total 2025 530,872 10,512 541,384 |
Total 2024 516,645 7,473 524,118 |
||
|---|---|---|---|---|---|
7. Analysis of expenditure by activities
| Teaching related costs Examination fees |
Activities undertaken directly 2025 397,647 10,512 408,159 |
Support costs 2025 133,225 - 133,225 |
Total funds 2025 530,872 10,512 541,384 |
||
|---|---|---|---|---|---|
Page 12
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 August 2025
7. Analysis of expenditure by activities (continued)
| Teaching related costs Examination fees |
Activities undertaken directly 2024 375,343 7,473 382,816 |
Support costs 2024 141,302 - 141,302 |
Total funds 2024 516,645 7,473 524,118 |
|||
|---|---|---|---|---|---|---|
Analysis of direct costs
| Staff costs Teaching expenses Postage and stationery Sundry expenses Advertising Travel expenses Bank charges Credit card charges Repairs and maintenance Exhibition expenses |
Teaching related costs 2025 68,128 296,869 549 892 4,201 13,960 485 11,118 269 1,176 397,647 |
Exam fees 2025 - 10,512 - - - - - - - - 10,512 |
Total funds 2025 68,128 307,381 549 892 4,201 13,960 485 11,118 269 1,176 408,159 |
||
|---|---|---|---|---|---|
Page 13
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 August 2025
7. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Teaching | Teaching | Total | |||
|---|---|---|---|---|---|
| related costs | Exam fees | funds | |||
| 2024 | 2024 | 2024 | |||
| Staff costs | 64,683 | - | 64,683 | ||
| Teaching expenses | 276,161 | 7,473 | 283,634 | ||
| Postage and stationery | 171 | - | 171 | ||
| Sundry expenses | 1,121 | - | 1,121 | ||
| Advertising | 8,194 | - | 8,194 | ||
| Travel expenses | 13,698 | - | 13,698 | ||
| Bank charges | 462 | - | 462 | ||
| Credit card charges | 9,516 | - | 9,516 | ||
| Repairs and maintenance | 23 | - | 23 | ||
| Exhibition expenses | 1,314 | - | 1,314 | ||
| 375,343 | 7,473 | 382,816 | |||
| Analysis of support costs | |||||
| Teaching | Total | Total | |||
| related costs | funds | funds | |||
| 2025 | 2025 | 2024 | |||
| Staff costs | 49,157 | 49,157 | 50,248 | ||
| Professional charges | 8,267 | 8,267 | 13,003 | ||
| General administration | 71,091 | 71,091 | 73,506 | ||
| Governance costs | 4,710 | 4,710 | 4,545 | ||
| 133,225 | 133,225 | 141,302 | |||
Page 14
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 August 2025
8. Independent examiner's remuneration
| 2025 | 2024 | |
|---|---|---|
| Fees payable to the Charity's independent examiner inclusive of irrecoverable | ||
| VAT | 4,710 | 4,545 |
9. Staff costs
| Wages and salaries Social security costs Pension costs |
2025 110,285 4,550 2,450 117,285 |
2024 109,607 2,924 2,400 |
||
|---|---|---|---|---|
| 114,931 |
The average number of persons employed by the Charity during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Average employees | 5 | 5 |
No employee received remuneration amounting to more than £60,000 in either year.
The total amount of employee benefits received by key management personnel for their services was £117,285 (2024 - £114,931).
10. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £NIL).
11. Debtors
| 2025 | 2024 | |
|---|---|---|
| Due within one year | ||
| Trade debtors | 92 | 56 |
Page 15
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 August 2025
12. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2025 - 807 426 4,382 5,615 |
2024 194 - 526 3,977 |
||
|---|---|---|---|---|
| 4,697 |
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General funds Statement of funds - prior year Unrestricted funds General funds |
Balance at 1 September 2024 119,713 Balance at 1 September 2023 74,410 |
Income 608,462 Income 569,421 |
Expenditure (541,384) Expenditure (524,118) |
Balance at 31 August 2025 186,791 |
|---|---|---|---|---|
| Balance at 31 August 2024 119,713 |
Page 16
Docusign Envelope ID: 8C5CF7BC-D7E2-8418-81D1-BD7C18DE95A1
The Music For Schools Foundation
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 August 2025
14. Pension commitments
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension costs charge represents contributions payable by the Charity to the fund and amounted to £2,450 (2024 - £2,400). There was a balance of £426 outstanding at the balance sheet date (2024 - £526).
15. Members' liability
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.
16. Related party transactions
The Charity has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 August 2025.
17. Controlling Party
At 31 August 2025, the Trustees considered there to be no ultimate controlling party.
Page 17