Charlty reglstratlon numbor 1068710
Company reglslration number 03487093 (England and Walas
CODA MUSIC AND ARTS TRUST LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

CODA MUSIC AND ARTS TRUST LTD
LEGAL AND ADMINISTRATIVE INFORMATION
TrLF$te¥s
Mr T M Claik (Chair)
MrsA Jeffery
Ms E J Bovey
MrKCMann
(Appointed 21 July 20231
ChSef Executlve Offlcor
Mr Phil Hallell
Secretary
Mr P Hallett
Charity number
1068710
Company number
03487093
Prlnclpal address
Chewton Farm Road
Vvalkford
Christchurch
Dorsel
BH23 SQL
Roglstered office
Chewton Farm Road
Walkford
Christchurch
DDrsel
8H23 SQL
Independent examiner
F J Wilde FCCAMBA DChA
Wainei Wilde
4 Marigold Drlve
Bisley
Surrey
GU24 9SF

CODA MUSIC AND ARTS TRUST LTD
CONTENTS
Page
Trustees, ieport
Inéependenl examinèr's report
S181emerit ol financial activities
Balance sheet
Statement of cash flows
Notes lo th8 financial slatem6nls
10-20

CODA MUSIC AND ARTS TRUST LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
The TrLJ8tees PFesent their annLEal report and fin8ncial slalemenls for the year ended 31 August 2023.
The financial slalemenls have been prepBred In accordance w41h the accounllng policies sel out in note 1 to thè
financial slalemenls and comply with the charity's governing document, the Companles Act 2006 and 'Accounting
and Reporting by Charities.. Slalemenl of Recommended Fra¢lice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in th& UK and Republic of Ireland IFRS 1021"
leffeclive 1 January 20191.
Objectlves and actlvltles
Coda was orfginally established in 1992 2nd in 1997 regislored as Code Music Trusl Ltd with the Charity
Commlssion IR8g. No 10687101 with the purpose of providing education lo the public through music. In June
2023 Coda Music Trust Ltd (Coda) has joined with Hampshiie Art for Recr881ion and Therapy IhArtI to become
Coda Music and Arts Trust Ltd (Registered Charity No 1068710, Company No. 03789101.
Thè merger of our two charities means an expansion of Coda's objectlves to include music and tho arts. and a
significant Increase in our creative health and therapy prDgrarllmes lo support the local community. With this
organisalional dev@lopmenl comes a significant capital developrnenl project al our home, a hvo-acTe fami sile on
the borders of the New Forest and Bournemoulh, Chrislchyrch and Poole {BCPI.
Coda's aclivilias gr8 carried out both al our Christchurch premises and also on location across East Dorsel,
Bournemouth Chrisl¢hur¢h and Poole IBCPI and in the New Forest and Vvest Hampshirè area.
Our programmes and 8ervices ffleel a neeol caused by..
A significant decline in cultural provision in schools and a lock of relevant facilities In alternative community-
based sellings.
The growing need for arts organisalions lo provide life-long leaming opportunitl8s. employment tralnlng and
skills development for both adu51s and young people.
The need for third sector organisalions to SUPPCJrt th8 health and social care se¢lor and the increased
underslanding lo the role of the arts in providing Innovative services and solutions lo the crisis in care.
Public benen
The Trustees have paid due regard lo guidance issued by the Charlly Commission in de¢lding what activities the
charity shoLEld undertak8.
Achlevements and performance
Following the celebration of the 25th anniversary Df Coda in 2022, the organisallon ha5 continued lo see recovery
from the effects of the coronavirus pandemic and has increased ils woik with the local communily, includlng those
most vulnerable lo the virus. Activity numbers and most programmes have now nearly recoveièd lo pre-pand8mlc
lev81s.
Having worked together with 8 local arts charity. formerly known as hArt IH8mpshire Art for Recreation and
Therapy) Ic>r some lime, thls year finally saw Ihls organlsalion merge with Coda under the revised name Coda Music
and Arts Trust. We are delighted lo welcome them lo the organisation. The merger was a natural wogression and
provides Coda with a broadar offering of both Music and Art whilst operating within the same ethos and obleclivtrs.
hArt offered creative Iherapèulic and recreational activities lo support mental health. wellbeing and wider soci81
Issu&s in people of all ages and abilities and had developed a PTogramme of art therapy 8etvices to SUPPDrt the
natlonal social prescribing agenda and lo address the crisis in health and 50¢ial care. Their programmes include
extensive art therapy Inlervenlions in a rang8 of 5ellings and a unlque progression model of arts on prescription,
creative wellbeing and pegr support programmes in the community. formally evaluated lo meet NHS 818ndards and
successfully evidencing the power of CTealivily lo tackle mental hea￿￿ i88ues and lo improve well being. Since OLJf
merger in June 2023 Coda has adopted these programmes as ils own and has delniered regular Creative Well
Belng and Arts on Prescription sessions In New Milton, Hylhe, Pennington and Fordingbridge. provided support fDr
children and familles through the New Forest family Support SeNices, and worked closely with Culture In Common,
the Crè81ive People and Pla￿S prograrnme for tha New Forest and our partners in Folio, lo increase engagement
lo culture in the region.

CODA MUSIC AND ARTS TRUST LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Our partnership with hArt is ieflecled in our plans for the development of our sile and this year has also sean the
fruition of our ambitions in concept, design and planning to restore the major remainlng part of the Coda site. Wlh
planning Consent gained and funding secured, the capital dovtrlopmenl proje¢l aims lo provide new facilities for new
aclivily, whilst consetvlng the heritage and Character of our unique Viclorlan farm sile on the HampshlrèlDorsel
botder.
Al August 2023 Coda's work is reaching in éxcess of 600 E)ttople each week, including some of the most vulnorable
children, young people and adults in the local community. Through a wide and varied programme ol creative
therapy and well being services to support those most need, and an engaging and irnclusive range of learning
PTogrammes in the Comm￿nitY, the TTUSI ha8 provided a unique space lo access culture and Greativily,
OUT learning programmes ar6 enjoyed by young and old alike and encompass an exemplary inslrumenlal teachlng
$8rvioe, a range of social ensembles, courses, and workshops al Coda deliverèd by an excollenl team of local
musicians and èducators. New ensemble8 such as Ihe Campfire Band. Rusty Rockers and Health and Happiness
Choir provide an opportunity lo develop muslcal ability for adults, while also enhancing well being and building
community. Off sile, Coda's learning programme Is exemplified by Thè Coda Fiddle Orchestra, a B05combe based
ensemble for young p8ople aged 5 to 17 that has achieved Tegion81 renown and offers free access to music for
families facing financial deprivation.
Our work in school sellings remalned heavily reduced since the pandemic bul we are delighted to have grown our
WOTk in Special Educational Needs and Disability ISENDI selling5 in the regiDn this year, adding lo oui longstanding
partnershlp with Linwood School with new music and art therapy provision in Longspee School in Bourngmoulh.
and a creative music project called Night, in five furth6r SEND Schools in BCP in 2023.
The Impact of the global pandemic and national lockdowns of 2020 8nd 2021 conllnuas to be felt in a numbèr of
ways and during the spring and summer th8 Trust wotk6d with Hampshire Coullly Council lo encourage vulnerable
adults back out illto their communities by devising and dèlivering a range of new cultural activities for adults with
learning disabilities. In Collaboration with Forest Forge Theatre and Hampshire Art for Recreation and Therapy
IhArtI, the project delivèred music, dfama and arts and Grafts workshops across th8 New Forest with thè goal lo
build confid8nce and redu¢8 isolation. The project is complimentary lo, and an expansion of, Coda's long-standing
work with adults with learning disabllilies and has seen Increased engagement and imwoved well being afnong this
largel group.
On sile we welcomed Music Theraplsl Veronica Launn, who jtined Owain Clark in delivering an expanded Musi
Therapy sérvice lo cllenls from acr055 the region, and Coda's partnership wth the Unlversity of the West ol
England's Music Therapy poslgraduale course also conllnued this year with a new student placemenl on site that
sees Coda support praclicg-based leaFnlng for the 51udenl and more setvlces lo local people in need.
Fundraising
Coda Music Trust is extremely grateful lo those Charitable trusts and other PBrtnèrs for their interest In the work of
the Trust and IOT their invaluable support. During the year much of our ftjndraising focus has cenlred on support for
our capital plans bul we have also worked hard lo relain relationships with existing funders and supporters and lo
secure Support for the programmes Inhoriled from our m&rg8r with hArt.
We are partlcularfy grateful to all those that hav8 SUPPOrted our ¢ommunily projects and lo Boumemouth Rotary
Club and The John Thornlon Youn9 Achievers Foundation for their ¢onlinued support oveT many years for the Cod8
Fiddle Orche51ra and lo Soundslorm, our partners al the Music Hub IOT Bournemoulh, Christchurch and Poole for
thair investment in our music ￿￿catIon proje¢ts both within schools and in the community.
We are also grateful lo the Burry Trust and the many individual donor8 for their support for our bursary schem95 that
support many individuals lo acce88 our services, and lo The End of The Road Festival for Ihelr continued
association and donations lo Coda.
The Trust also recelves support lor our work through grants, contracts and commlssions from our immediate local
aulhorilies, town and parish councils, includlng New Forest Dislri¢l Coun¢il, Hampshire County Council,
Bournemoulh, Chrislchtjrch and Poole, and Dorsel County Councll.

CODA MUSIC AND ARTS TRUST LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
On4lte development
Having secured investment of £340,000 from Arts Goun¢il England togelhtsr with funds from Thè Talbol Village
Trust, New Forest District Council, Sovereign Network Group, and numerous individual donations including
designated funds from our recent18gacy gifl, buildir*g work Dn site commenced during the summer of 2023.
The new fa¢ilili8s al Coda Include further space for cr6alive health services, 8longside learnlng, workshop,
rehearsal and exhibillon spaces. This region suffers from signific2nl geographical barriers lo servicès and has
been identified as an area of cultural deprivation, 2nd C(￿a seeks lo provide 8 broad progTamme of creative
health servic8S that respond lo need at a local level while being part of a regional and national movement led by
thè National Centre for Creative Health, among other networks. The newty restored building will meet als current
gnvironmenlal ané building regulations and will be eco efflcienl with the installation ol solar pane15 and energy
storage.
This ambitious project and th8 assocAaled fundralslng challenge 1$ ongoing and a n7ain phase of developmènt Is
due for complètion in the summer of 2024 with further planned capital development I￿ the following year. The
Trustees would like lo express their sinceTe thanks to everyone who has, and is, conlrlbuling lo this key prole
whlch will be a much needed community resource al a lime when government and local aL41horily spending and
resources are under enormous pressure.
Flnanclal review
The finandal activities of the charity are closely monitorèd by the management and Trustees and a monthly
¢Bshflow review and forecast. logelhèr with quarterly management accounts and an annual review ens￿re that
income and expenditure are Garefully monitored.
Coda employs Tamsyn Beach lo manage book keeplng, VAT and payroll commilmenls.
Careful overhead control combined wth effective fundraising and increased charitable income has Gontinued to
ensurè that the Trust has run at a surplus and that il conllnues lo repay ils loans. The remalnlng borrowing
represents a mortgagé t8ken out lo buy the site for the charity with a remaining term of 7 years.
During the year the Trusl received an exCept￿n81 legaGy gift that will enable th8 charity lo increase ils work to the
benefit of the publi¢ and lo realise ils long held capital developmenl plans. Despite the continuing dlfficullies faced
by smaller charities and SME'S In the ¢urrènl, uncertain economic climate, the Trustees see a healthy future in the
short and medium term,
Roservos pollcy
In accordancè with the Charity SORP, it is a requirement of Trustees lo justify the retentlon of income a5 reserve8
and lo continuously monitor thè lèvel of reserves. During ils first 25 years, Coda has never baen fortunate enough
lo enjoy any significant reserves and most DI its development costs hav8 been mel eilh8r wllh specific grants and
donations or borrowing. Howev6r, since the gianling of an Arts Council England award lo enhance ils fundralsing
skills and strategies in 2017 and the subséquent Tise in Individual donations received, alongslde the recent drive lo
raise funds to support the lalesl stage in the capital development of the Christchurch sile, Coda is now in a stronger
financial posillon.
Our capllal development plans for the fL¢lure are a major project and the excepllonal donAlions received this year
have provided the charity with the opportunity to undertake many of ils long-held ambits'ons lo transform the
remaindér of our former farm sile into cultural f8cilities fil for the cornmunily. The development plans. Shaped
through Consullalion wilh local people and stakeholders and designed by We51em Design Archilecls will enhance
the cultural offer of the charity and enable il to move a signiflc4nt slap towards ils flnanGial viability In the long lorm.
During the year to 31 August 2023, th8 Gharily received £599,456 of unreslricled donations DI whlch £490,000 has
been designated by Trustees lo speciflc capltal projects and £50.000 lo opeTatlonal projects lo be used during 2024
2025.
It is the Trusle@s longer~lerm intention to continue lo build reserves for the charily Ihal would give a financial buffer
of al least 6 months operation lo ensure the IDng-lerm prosperity of the charity. The Trustee8 consider Ihal reserves
at this level wlll ensure that, in the &venl of a signifiGant drop funding, they will be able lo continue the Trust'8
Current acllvflies while conslderalion is given lo ways In which addltional funds may be raised.

CODA MUSIC AND ARTS TRUST LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
structure. govemance and management
Coda Music and Arts Trust Llmilad {Codal is a Company Limited by guarantee and is a regi8ler8d charity operating
from ils former farm sile on Chewton Fam RDad, Walkford, Christchurch, Dorsel. 11 is governed by ils Memorandum
and Articles ofAssocialion and was incorporated on 30 December 1997.
The Trusl86s, who are 8180 the élreclors lor the purpose of company law. and who served during the year and up to
the dale of Signature of the financlal statements weie..
Mr T Clark {Chair)
MrsA Jeffery
Ms E J Bovey
MrKCMann
(Appolnted 21 July 20231
Recrnllmonl and appointment of Imslees
Tru51ees are recruited locally by th8 charity through contacts and public appeal and are appointed subject to a six-
month probaliDn. Trust&8 selection is made by exisiing Trustees working wlh the Chief Exe¢uiive and is based on
r8levanl charitable and business skills plus enthtjsiasm and molivatson lo help make a differenGg. No Truste8 has
any beneficlal interest In the company or received ony remuneration ot other payment from the company th8 year.
The Trustees are eleGled from and by the Membars of the charily who are enlllled lo vole al Annual Gene¥al and
Extraordinary General Meelings of the Trust.
Coda operales with a small bul effi'cient adminislralive and management team headed by the Chief Executive
Officer ICEOI Phil Hallell, C8nlre Adminislralor Amie McAndrew, and Marketing and PromoliDns Officer Marina
Tucker. Slnce June 2023 this team have been enhanced by Martin Pettett as Health and Well-Being Manager.
The Tru81 omploys a team ol up to 25 part-b'me music educators and freelance music and art facililalors and
Iherapisls. The majority of staff are on PAYE fjxed lem) contract5 Complying with the Inland Revenue IR35
Regulations and Employment Lègislation.
All staff undergo enhanced DBS checks. Coda is commllled Ic> equality and accesslb1151y and Ils Saleguardlng
Policy. Health and Safety Policy and Equal Opportunitles Policy for both staff and u5er8 are central lo Ils work.
Prole551onal development opportunities and training are offéred lo staff throughout the year using onllne course8
from iH8gco and a r8nge of other providels.
None of the Trustees ha5 any b9neficl81 interest in tho company. Al of the Trusleos are members of tho company
and guarantee to contribute £1 In the evenl of a wnding up.
Trustees, report approved by the Board of Tiustee$.
Mr T M Clark IC*8irl
Trustee

CODA MUSIC AND ARTS TRUST LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CODA MUSIC ANDARTS TRUST LTD
I r8POrt lo the Trustees on my exBmination of the Ilnanclal slalemenls of Coda Muslc and Arts Trust Ltd (the charilyl
lor the year ended 31 August 2023.
Résponslbllboes and ba$ls of rnport
As the Trustees of the charity land also its directors lor the purposes of company lawl y¢)u are responsible for tha
preparation of the financial slalemenls in accordance wth the requirements ol the Companies Act 2006 (the 2006
Acll
Havlng satisfied myself that th8 flnancial statements of the ch8rity are not requlrad lo be audited und¢1 Part 16 of
the 2006 Act and are eliglble for Independent examinaliorb, I report ir) respect ol my examination ol tha Charity's
financial slalemenls carried out ￿r￿er section 145 of the CharitÈes Act 2011 Ilhe 2011 Acll. In carrylng out my
ex8minalion I have followed all the applicable Direcknons given by the Charity Commission under section 14515llb)
of the 2011 Act.
Independent examln8rfs siatèment
Since the charlly's gross Income exceeded £250,000 yOLif 8xaminar must be a member of a body Ilsled In section
145 ol the 2011 Act. l Gonfirm that l am qualified lo undertako the examin81ion because l am a member trf the
Association of Chartered Certifled Accounlanls. which 18 one of the lislad bodies.
I h8ve completed my examinallon. I ￿nffirM that no matters have come lo my atlantlon iri c(fftnects'on wilh the
examination giving me cause lo believe that in any malarial respect..
accounllng records wwe not kept in respect of the charity as rw4uired by sècllon 386 of the 2006 Act: or
the financial sl8lemenls do not accord with those records.. or
tho financial slalernenls do not comply with the accounting requirements of $ècllon 396 of the 2006 Act other
than any requirement that Ihg accounts give a Iiue and falr view which 58 nol a maller consldered as part of an
Independent Bxamination.. or
the financlal statements have not been prepared In accordancts wlh the methods and principles of the
Slalemenl of Recomm8nded Practice for accounting and reporting by ch8rilies applicable to charities
weparing their accounts in 8ccordance wth the Finanaal Rep￿IThJ Slandard appIl￿ble in the UK arKI
Republlc ol IrelarKI IFRS 1021.
I have concern8 and have com8 across no other mallers In connection with the examin8liDn lo which allenllon
Should be drawn In this report In order lo enable a proper undgrslanding of the financial slalemenls lo be roached.
F J Wildo FCCA M8A DChA
Warner Wlde
4 Marisold Drive
Bisley
Surrey
GU24 9SF
Dated.. ..24.May.2024

CODA MUSIC AND ARTS TRUST LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
Current Ilnanclal year
Un￿strICted Unrestrlcted
funds
funds
general deslgnatèd
fund
2023
Restricted
funds
Total
Total
2023
2023
2023
2022
Notss
Income from:
Donations and legacie5
ChBrllable activitie8
Investments
617,824
242,355
5.678
45,972
2,500
663,796
244,855
5,678
145.126
202,262
Total Income
865,857
48.472
914.329
347.456
Expondltvre on:
Raising funds
Charitable activitias
560
281,570
290
462,606
290
604,705
42.099
Tol81 expenditure
462,896
42,099
504.995
282.130
Net Income
402,￿1
6,373
409.334
65,326
Transfer8 between fund8
{540,0001
54D,000
Nel movement In funds
(137.0391
540.000
6.373
409.334
65,326
Reconclllgtlon of funds,.
Fur¢d balances al 1 SepteM￿r 2022
499,500
8,792
508,292
442,￿8
Fund balances at 31 August 2023
362,461
540,000
15,165
917.626
508,292
The siatem8nl of financial activities Includgs 811 gains and10$8es recognised In the year. All income and expenditure
derlve from continuing adivllles.

CODA MUSIC AND ARTS TRUST LTD
STATEMENT OF FINANCIAL ACTIVITIES ICONTINUED)
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
Prlor Ilnanclal year
Unrestdcted
funds
2022
Restrictod
lunds
2022
Total
2022
Notes
Income from:
Donations and legacies
CharilaNe activities
Investments
126,626
199.762
68
18,500
2.500
145.126
202,262
68
Total income
326,456
21,000
347,456
Expendlture on:
Raising funds
ch8iilaNe aclivilies
560
288,581
560
281,570
12,989
Total gxpendlture
269,141
12,98S
262,130
Not Income and movtrment In funds
57,315
8.011
85,326
Reconclllatlon of funds:
Fund balgnces al 1 September 2021
442.185
781
442,968
Fund balances at 31 August 2022
499,500
8,792
508,292

CODA MUSIC AND ARTS TRUST LTD
BALANCE SHEET
ASAT31 AUGUST2023
2023
2022
Notes
Flxgd assets
Tangible assets
12
469,721
473.430
Currènt assets
Debtor5
Cash al b&nk and In hand
13
8,384
637,952
139.816
546,336
139,816
Credltors: amounts falling due withln
on• year
16
23,386
20.593
Not current asselg
522.950
119,223
Total assets1g98 CUTrent liablllti
992,671
592,653
Creditors: amounts falllng due after
more than on& year
16
175,0451
(84.361)
Net assets
917,626
508.292
Th8 funds of the Charity
Restricted inwna lunds
Unreslricled lunds- general
Unre8lricled fund8- de8ignaled fund
17
15,165
362,461
540,000
8,792
499,5CIJ
18
917,826
508,292
The company18 enlilled lo tho exemption from the audit fequiremenl contained in Section 477 of the Compani88 Act
2006, for the year ended 31 August 2023.
The directors acknowlethJ8 thelr responsibilities for coM￿y1ng wth the requirements of the Companies Act 2¢J06
wlh respect lo accounllny records and the preparallon of financ481 stalemenl5.
The members have not requlred the company to t)blaln an audit of ils flnancial s1glemenls for the year in qu951ion in
accordance wlh section 476.
These financlal slaternenls have been prepared in accordance wlth the provislons appliCa￿e to cornpanie8 8ubfvcl
lo the small companie8 reglme.
The financl818latements were apwoved by the Trustees on ...24 May. 2024
Mr T M Clark {Chalrl
Trustee
Company registration numbeT 03487093 (England and Wales)

CODA MUSIC AND ARTS TRUST LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
Notes
Cash flows from operatlng actlvities
Cash generated from opemlions
22
408.391
49,699
Investlng activltles
Investment income received
5,678
68
Net cash generaied from Investing
actlvities
5.678
68
Financlng actlvities
Repayment of bank loans
116,9341
118,8051
Net cash us8d In flnanclng activltles
115,9341
118,8051
Net Increase In cash and cash &qulvalents
398,135
30,962
Cas* and cash equivalents al beginning of year
139,816
108,854
Cash and cash equlvalent5 at end of year
537,952
139,816

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policiey
Charlty Informatlon
Coda Music and Arts Trust Ltd is a private company limited by guarantee incorporated in England and Wales.
The registered office is Ghewlon Farm Road, Walklord, Christchurch, Dorset, BH23 SQL.
1.1 Accountlng convention
The flnancial statements have b8en prepaied in accordance with the ¢harily's governing document, the
Cornpanies Act 2006, FRS 102 'The Financial Reportlng Slondard applicable In the UK and Republic of
Ireland. I'FRS 1Q2'1 and the Charities SORP Accounting and Reporting by Charities.. St8lemenl of
Recorllmended Practi￿ applicable lo charities preparlng Ihair accounts in accordance with the Financial
Reporting Standard applicable in the UK and Reptjblic ol Ireland IFRS 1021" leffecllve 1 January 20191. The
charity is a Public 88nelil Entity as defined by FRS 102.
The financial slalemenls arè prepared in sterling, which is the functional currency of the charity. Monetary
arnounls in these linancial slalemenls are rounded lo the nearest £.
The financial statements have been prepared under the historical wsl convention. Th& princlpal a¢counling
policies adopted ale sel out below,
1.2 Golng concern
At the lime of approving the financial slalements, the Trustees have a reasonable expectation that the Gharity
has adequate résources lo continue in Dpèralional existen￿ foi the foieseeabl8 future. Thus the Trusteès
continue lo adopt the going concern ba818 ol accounting in preparing the fi'nanclal slalemenls.
1.3 Charltable funds
Unreslricled fiinds are available for use al the discretlon of the Trustees in furtherance of their charitsble
objectives.
Reslricled funds are subject ID specifiG conditions by donors or grantors as to how they may be used. The
purposes and uses of th8 reslrided funds are Sel out in the notes lo the flnancial slalemenls.
Endowment funds are subjecl lo specifi¢ conditions by donors that the capital musl be mainlalned by the
Gharity.
1.4 Income
Income is recognised when the charity is legally enlilled to It aftar any performance conditions have been mel,
the amounts can be measured reliably, and it is probable that income will ￿ received.
Cash donations are recognised on receipt. Other donallons 8re recognlsed once the charity has b88n notified
of the donation, unless performance conditions require deferral of the amount. Income tax rectsverable in
relation lo donations received undér GiftAid or deeds of covenant is re¢ognised at the lime of the donation.
Legacies are recognised on re¢BipI or olheNise if the ch8rity has been notified ol an impending dislrlbulion,
the amount is known, and recelpl is expectad. 11 the amount Is not known, the legacy is Ifealed as a
conlingenl asset.
10.

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accountlng polic￿$
{Continuedl
1.5 Expendlture
Expenditurè is recognlsed once there Is a legal or constructive obligation lo transfer economi¢ benefit lo a
third party, il is probable that a transfer of economic benefits will be required In selllemenl, and the amount of
the obligation can be m&a$ured reliably,
ExpenditUTe is dassifi'8d by 8cIDJily. The costs of each a¢livty are made up of the lolal of direct CDSts and
shared costs, including support costs Involved in undertaking each aclivity. Dlrect costs atlribulable lo a single
activity are allocated direo15y lo that activity. Shared costs which Contribute lo more than one activity and
support costs which are not allribulable lo a single acliwly are apportioned between those activities on a ba515
consislenl with the use ol resources. Céntral staff costs are allocated on the basis of lime spent, an
depreciation charges are allocated on the portion DI the assel's use.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measuréd al cost and SLJbsequenlly measured al cost or valuation, nel of
depreciation and any impaimi&nl losses.
Depreciation is recognised so as to Wfite off the c051 or valuation Df assets less Ihelr residual values over Ihelr
useful lives on the followng bases..
Land and bLtildings
Instruments
Computer equipment
Nil Ilmprovement8 al 2% slralghl Ilne}
250/ts slraighl line
25Vo slraighl Ilne
The gain or loss arfsing on the disposal of an asset is determined as the difference between the sale prw@eds
and the carrying value of the asset, and is recognised in the slalement of financial acllvilies.
1.7 Impairment of flxed as$ets
Al each reporting Ènd dale, the charity revlews the carrying amoL¢nls of ils tangible assets to determinè
whèther there is any indication that those ass&ls have Suffered an impairment loss. If any such indi¢alion
exlsls. th8 recoverable amount of the asset is eslimaled in order to determine the exlenl of the impairment
Ioss lif any}.
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held al call wlth banks, other short-lerm liquid
investments with original malurilies ol three months or Sess, and bank overdiafts. Bank overdrafts are shown
within borrowngs in current li8bililies.
1.9 Flnancl81 Instruments
The charity has ele¢led lo apply the provlslons of Section 11 'Basic Financial In8lwmenls' and Secllon 12
'Olher Financlal Instruments Issues, of FRS 102 10 all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the
conlraclual provisions of thB Instrument.
Financial assets and liabllilies are offset, with the nel amounts presented in th& financial slalements, when
there is a legally enforceable right lo sel off th8 recognised amounts and Iheie is an inlenlion lo sellle on a net
basls or lo realise the asset and sellle the Ilabilily simullan&ously.
11

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accountlng pollcles
IConUnuedl
Baslc financlal assets
Basic finanolal assets, which indude debtors and cash and bank balances. are Inltlally measurtsd 8t
transaction price including transaction Gosls and are subs&quenlly oarried al amortised cost using the effeGtive
interest method unle88 the arrangement constilules a financing Iransaclion, where the transaction is
m&a$ured al the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as rec8ivable withln on8 year are not amortlsed.
Basic financial Ilabilltles
Basic financial liabilities, including Creditors and bank loans ar6 initially recognised al transaction price unless
the arrangement conslilules a ftnancing Iransaclion. where the debt inslrurnenl is measured al the present
value of the future payments discounted at a market rale of interest. Flnancial Ilabllilios classified as payable
within one year are not amortised.
Debt instruments are subsequeritly carried al amort*sed cost. using the effective interest rate method.
Trade creditors are Dbllgalions lo pay for goods or services that have been acquired in the ordinary Course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. 11 not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al
Irgnsaclion price and subsequently mèasured al amortised cost using the effective interest method.
Derecognition of financlal Ilabllltios
Financial liabilities are defecognised when the charity's contractual obligatlons expire or ar& discharged or
ancelled.
1.10 Employee benefits
The Gosl of any unused holiday entillemenl Is recognised in the p8rlod in whlch the omployee'8 services are
received.
TeTmlnalion benefi18 are recognised immediately as an èxpense when the charity is demonstrably commilled
lo terminate the employment ol an employee or lo provide temiinatton benefits.
1.11 R&llrement beneflts
Payments to defined conlribullon retirement benefit schernes are charged 8s an expense as they fall due.
Crftlcal acCoun￿ng estimatas and ludgemonts
In the application of the charity's accounting policies, thè Truste8S are requiied lo make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that ara not readily apparent
from other sources. The eslimales and assoclated assumptions are based on hisloiical experienco and other
factors that are considered lo be relevant. Aclu81 results may differ from these eslimales.
The estlmales and underfying assumptions are reviewèd on an ongoing basis. Revisions lo accounting
@slimales are recognised in the period In which the estimate is revised where the révision affects only that
period, or in the period ol the rovlsion and future periods where the revision affocls both current and fLrture
periC￿S.
12-

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Income from donatlons and legacles
Unrestrlcted Restrl¢ted
funds
funds
2023
2023
Total Unrestricted Restrlcted
funds
fund$
2022
2022
Totsl
2023
2022
Donations and gifts
Legacies receivable
Grants
Donated goods and
setvices
93,971
500,910
16,943
44,472
138,443
500,910
18,443
16,856
95,501
14,269
4,500
21,366
95,501
28.269
1,500
14,000
6,000
6,000
617.824
45,972
663,796
126,626
18,500
145,126
Incomo from charitable actlvlties
Unro$tricted RBstrlcted
funds
funds
2023
2023
Total Unrestricted Restricled
funds
funds
2022
2022
Total
2023
2022
CODA
Music luilion and leaTning
MusiclArt for health and
welkbÈing
Gharilable ranlal incomè
Other income
215,633
215.633
192,369
192,389
18.082
520
2,500
20,582
520
4,082
2,400
911
2,500
6,582
2,400
911
hArt
MusiclArt for health and
wèll-beSng
8,12Q
8,120
242,355
2,500
244,855
199,762
2,500
202,262
Income fmm Investmgnts
Unrestrleted Unrestrlctad
funds
funds
2023
2022
Intèrest re￿iv3bte
5,678
68
13-

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Expendltur8 on ralslng funds
Unrestrlcted Unre$trlctgd
funds
funds
2023
2022
Fundralslng and publlclty
Adv8rtising
290
560
Expendlture on charitable actlvlties
CODA
2023
hArt
2023
Total
2023
CODA
2022
Dlrect Costs
Staff costs
Depreciation and impairment
Music lultion and learning
MusiclArt for health and well-baing
110,801
3,708
48.867
20,786
2,121
112,922
3,708
48,867
28,194
101,611
3,965
26,154
20,647
7,408
184,162
9,529
193,691
152,377
Share of support and gov&rnance costs (See note 81
Support
Governance
305,987
4,898
149
306,116
4,898
126,015
3,178
495,027
9,678
504,705
281.570
Analysls by fund
Unreslricled funds- general
Reslricled funds
455,956
39,071
6,65Q
3,D28
462,606
42,099
268,581
12.989
495,027
9,678
504,705
281,570
14-

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Support costs allocated to actlvitles
2023
2022
Staff CDSIS
Adminislralion
Premises
Finance
86,334
5,858
7,888
10,797
75,843
5,808
5,926
7,275
730
2,910
1.945
25,578
3,178
Insurance
other support costs
Stable development
Govemance costs
3.124
1,412
189,923
4,898
311,014
129,193
Analysed between..
CODA
hArt
310,865
149
129,193
311,014
129,193
Governance costs Includes payments lo the independent examiner of £2664 for accounts prep8ratson and
Independenl examination {2022'. £18001.
Trustees
None ol th8 Tluslees (or any persons connected with th8ml received any remunèration or benefits from the
charity during the year.
10 Employ¢es
The average monthly number of employees during the year was..
2023
Numbor
2022
Number
Therapy l Tuition
Adminislralive
Total
10
15-

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
10 Employees
IContlnu8dl
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
190,913
5,588
2,755
172,692
2,777
1,985
199,256
177,454
The average number of employees is expressed as a ful￿tIme eqtjlvalenl.
Key management personnel is defined as the Chief Executive role only. Total remuneratson for k?y
management personnel in the current period, including trmployer's national insurance and pensson
conlrtbulions, was £42,838 (2022.. £39,358).
There w8re no employees whose allnual remuneration was morè than £60,000.
Remuneratlon of koy managèmont personnel
The remuneration of key management persor¢nel is as follows.
11 Taxatlon
The charity Is exempl from taxation on its activities because all ils Income is applied for charitable purposes.
12 Tanglble flxed assets
Land a[￿ In5trum8nts
bulldlngs
ComputeT
equlpment
Total
Cost
Al 1 September 2022
501,884
16.096
3,000
520,980
At 31 August 2023
501,884
18,096
3,000
520,980
Depreclatlon and Impairment
At 1 Septembèr 2022
Depreciatlon charged In the year
29,982
3,177
15.621
238
1,947
294
47,550
3,709
At 31 August 2023
33,15g
15,859
2,241
51,259
Carrylng amount
At 31 August 2023
488,725
237
759
469,721
At 31 August 2022
471,902
475
1,053
473,430
16-

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 AUGUST2023
13 Debtors
2023
2022
Amounts falllng duè wlthln one year..
Tradè debtors
8,384
14 Loans and overdrafts
2023
2022
Bank loans
85,725
101,859
Payable withln one year
Payable after one year
10.680
75,045
17,298
84,361
Thère is a term of 7 years remainlng on the mortgag& which is secured on the charlty's premises, This is
subje¢t lo interest al 2 /ll over base rate, c4l¢ulaled daily.
16 Creditors: amounts falllng due wlthln one year
2023
2022
Notes
Bank loans
Other taxation and social security
Trade creditors
Other creditors
Accrua5s and deferred Ir7come
14
10,680
1.276
7,062
1,704
2,￿4
17,298
819
224
452
1,800
23,386
20,593
16 Credltors: amounts falllng due after more than one year
2023
2022
Notes
Bank loans
14
75,045
84,3e1
17-

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
17 Restrlctod funds
Tha restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject lo specific cond1t1t￿S by donors as IL¥ how they may be used.
At1
September
2022
Incomlng
resources
Resour¢e$ At 31 August
expended
2023
Fiddle Orch8slra
Hampshire County Councll
hArt- Arts on Prescription
hArt - Well Being
Stables Development
11,075
19,6601
18,792)
{377)
12,6511
120,6191
1,415
8,792
10.290
6.488
20,619
9,913
3,837
8,792
48,472
{42,099)
15,165
Prgvious year:
At1
September
2021
Incomlng Rèsources At 31 August
rosources
oxpendèd
2022
Fiddle Orchestra
Hampshire County Council
781
7,000
14,000
17,7811
15,2081
8.792
781
21.OOD
112,9891
8.792
Hampshlre County Council.. adults health & care grant ftjnding for the Gel Golng Again Project.
The Coda Flddle Or¢hestra- a project that started w￿kIng with childran arKI young peoplè aged 5 to 16 from
a depTived area of Bournemouth Galled Boscombe in 2Q05. As a Gommunity based ensemble it remains a key
asset for the community of Boscombe bul has also attracted families frDm across Bournemoulh, Chiislchureh
8nd Poole IBCPI, and is now made up of soThe 40 young musicians from a IrLtly dlverse range of nabonalilies.
The Or¢hÈslra breaks down cultural barriers like no other project in the town, providing inspiration and
creating aspiration, nurturing young people Ihrough opportunlly and leainlng, and achieving musical
excelle￿¢0. In response to changes at Coda. the charity w¢ll undertake a review ol ils role in the project in the
autumn of 2023.
stables D8velopment: Coda has embarked on a sigr¢ificant capital development prole¢l lo transform
dilapldaled agricultural buildings at our home into dynamic community assets lo wovide a vibranl, creative
space for people ol 811 ages and abilities. The new facilities will be enjoyed by hundreds of people of all ages
and abilities each week.. A home lo artists making professional work in dedicated studios and inspirlng an
exhibillon progfamme featuring local, national and Intemalional praclitloners,. A wide ranging prwtamme ol
educational activities, skills development and training. inclLJdlng art classes lor children 8nd workshops for
adults,. And a clinical and participatory wogramme using the arts a$ a tool for therapy, health 8nd well being.
hArtArts on Prescrlptlon.. Art Therapy programme8 for peopl& wlh menlaS hoalth issues.
hArt Well Bfrlng.. Cr83live Well Being workshop5 for people with mental health issues.
18-

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
18 Unrèstrlcted funds- designated fund
These ara unrestricted funds which are material lo the charity's aclivilies.
At1
Septsmber
2022
Transfers At 31 August
2023
Capital Projects
Future Projects
450,000
50,000
490,000
50,000
540.000
540,000
19 Unrestrlcted funds
The unreslricled funds of thé charity comprise the unexpended balances of donations and grants which arè
not subject lo speafic conditions by donois and gralltors as lo how they may bo used. These include
designated funds which have been set aside out of unreslricled funds by the tfustees for swif1¢ purposes.
Atl
September
2022
Incomlng
resourcos
Resources
expgnded
Transfers At 31 August
2023
General funds
499.500
865,857
1462,8981
1540,0001
362,461
Prevlous year.,
At1
Septembgr
2021
Incomlng
resources
Resources
expendod
Transf&rs Al 31 August
2022
General funds
442,185
326,456
1269,1411
499,500
20 Analysis of net assets between funds
Unrestrl¢tèd Unrestrlcted
funds
funds
general deslgnated
2023
2023
Restrlcted
funds
Total
2023
2023
Fun(J balances at 31 August 2023 are represented by:
Tangible assets
437,5Q6
Current asset￿ll10bI4Ill8sI
Long term IiBbllltles
32,215
507,7e5
489,721
522,950
175,0451
15,165
175,0451
362,461
540,000
15,165
917,626
19-

CODA MUSIC AND ARTS TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
20 Analysis of net assèts betwe6n funds
Icontinuedl
Unrestricted Unrestrlcted
funds
funds
general deslgnated
2022
2022
Rostrlcted
funds
Total
2022
2022
Fund balances at 31 August 2022 are represented by:
Tangible a8s&is
473,430
Current assèlsllliabililiesl
119,223
Long term liabilibes
193.1531
473.430
119,223
(&4,3611
8.792
499,500
8,792
508,292
21 Related party transactions
Thère ware no disclosable related pariy transactions durfng th8 year12022- none).
22 Ca$h generated from operatlons
2023
2022
Surplus for the year
409,334
65,326
Adjustments for..
Investment income recognised IR Statement of financlal activities
Depreciallon ar7d impairment of tangible fixed assets
15,6781
3.708
{68)
3,965
Movements in WOTklng capitsS:
Ilncreasel in debtors
Increaselldecreasel in creditors
18,3841
9,411
(19,524)
Cash generated from operation5
408,391
49,699
23 Analysls of changes In net funds
At I September
2022
Cash flows
At 31 August
2023
Cash al bank and In hand
139,816
398,136
537,952
Loans lalling due within one year
Loans falling due after more than one year
117,2981
184,3611
6,618
9.316
110,6801
175,0451
38,157
414.070
452,227
-20-