OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Coda Music And Arts Trust

2024-08-31-accounts

Charity registration number 1068710

Company registration number 03487093 (England and Wales)

COD A MUSIC AND ARTS TRUST LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEARENDED31AUGUST2024

CODA MUSIC AND ARTS TRUST LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees MT T M Clark {Chair) Mrs AJeffery Ms E J Bovey MrKCMann Chlef Executive Offlcer Mr Phil Hallett Secretary Mr P Halleit Charlty number 1068710 Company number 03487093 Prlnclpal address Che￿On Fami Road Walkford Chrlslchur¢h Dorset BH23 SQL Reglstered offlce Chewton Fami Road Walkford Christchurch Dorsel BH23 SQL Independenl examlner F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Blsley Surrey GU24 9SF

CODA MUSIC AND ARTS TRUST LTD CONTENTS Page Tru5tees' report Independent examinels report stalement of flnan¢ial actlvities Summary income and expendllure a¢¢ount 10 Balance sheel 11 statement of cash flows 12 Notes lo the financial statements 13-26

CODA MUSIC AND ARTS TRUST LTD TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The Truslees present their annual report and ffinancial statements for the year ended 31 August 2024. The financial slatements have been prepared in accordance with the accounting policies sel oul in note 1 to the flnancial sla18menls and comply wilh the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Pracllce applicable to charities preparing their accounts in accoydance wlth the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 1021" leffecllve l January 20191. The Trustees have paid due regard to guidance tssued by Ihe Charity Commisslon In deciding whal activities the charity should undertake. Objectlves and a¢tlvltles Coda was orlglnally established In 1992 and in 1997 Feglslered as Coda Mu8lc Trust Ltd wllh the Charity Comm1381on (Reg. No 1068710) with the purpose of providlng education lo the public through muslc. In June 2023 Coda Music Trust Lld {Coda} joined with Hampshlre Art for Recrealion and Therapy (hArt) to become Coda Muslc and Arts Trust Lld (Reglslered Charity No 1068710. Company No. 0378910). The merger of our two charities has led lo an expanslon of Coda's objectives to include music and the arts, and a slgnlficant increase In our creallv8 health and therapy pro9rammes to support the local communlly. For the moment, our work beyond Music cenlres largely on the legacy projects from hArt bul In June 2024 we employed H61dl Stellar lo lead our arts programmes al Coda in a new role as Creatlve Programme Director. A¢hlevements and performance Alongside these slgnificant organlsallonal changes. Ihe charity embarked on a substanllal capllal development programme in 2023. Having secured Investment of £340,000 from Arts Council England together wlth funds from The Talbol Village Trust, New Forest DlslTlct Councll, Sovereign Ne￿Ork Group, and numerous Indlvidual donations includlng desSgn8led funds from our recent legacy glft, The Stables capital development project was completed in September 2024. The beauliful new facilities al Co(la Include space for creatlve hogllh setvices, alongslde learning, workshop, rehearsal and exhibilion spaces. This reglon suffers from slgnlficanl geographl¢al barrlers lo setwlces and has been identified as an area of cultural deprivallon, and Coda seoks to provide an engaging cultural participation programme thal respond lo nee(1 al a local 18V81. Our newly restored building meets all currenl envlronmenlal and buildlng regulallons and is supporllng Coda's commitment lo reduce our carbon footprint with the installation of PV solar panels and energy slorage. Thls ambitious project, and a second development projecl (The Graln Store). started in October 2024 and due for complellon In February 2025, are a slgnillcanl slep up In scale and expectation for the organlsalion. The Trustees would Ilke lo express their sincere thanks lo everyone who has, and Is, conlrlbutlng to these new facilltles which wlll be a much-needed community resource al a tlme when government and local authority spendlng and resources are under enormous pressure. The charity aims lo make a positiv8 impacl In our local community, tackling inequality through unlversal access lo a broad range of artistlc 8nd creallve se￿ICe3 and dellverlng innovalivo education and health programmes with people of all ages and abilities. Our activities lake place at our home, a former Vlctorian farm slle purchased by Ihe charity In 2005, and on locallon across East Dorsel, Bournemouth Chrislchurch and Poole (BCP) and In Ihe New Foresl and West Hampshlre area. We belleve muslc and art is in our nature and that cultural, creativlty and artistic expression is cenlral to a happy and fulfllllng life, bul over the pasl decade Coda's programmes and seTvlces have often responded lo.. The 51gnlficanl decllne In cultural provision in schools and a lack of relevant facllllles in allemative communlty-based settlngs. The loss of slalulory life-long loamlng opportunities. employment Iraining, and skills developmenl for both adulls and young people. The crisis in our heallh and social care sector. and the growing role of the arts In supporting health and well being. Coda has found a unlque place al the heart of Its local community and its popularlty and value to local people grows year on year.

CODA MUSIC AND ARTS TRUST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Actlvlty In 202314 As at ALJgusl 2024 Coda's work regularly reaches more than 600 people each week, including some of the most vulnerable children, young people and adulls in our local community- Through a wide and varied programme of therapy and well being services to support those mst in need, and an engaging and Inclusive range of leaming pyogrammes In the community, the Trust has provided a unique space lo a￿sS muslc and art. Our learnlng programm8s are enjoyed by young and old alike at)d encnmpass.. An exemplary inslrumenlal leaching service d8llvered on sile by a team of 18 part-lime music tutors and providing both Informal and formal learning pathways wlth Ilnks lo music examlnatlon boards, in particular Trinity College London,. A range of social ensembles, courses, and workshops for adults delivered by an excellent team of local muslcians and educators. Coda's muslc ensembles such as Ihe Folk Orc. Ukulele Band, Campfire Band. Rusly Rockers and Heallh and Happlness Cholr provide an opportunily to develop musical ability for adults, while also supporting w811 being, communlty and frlendship. Off slle, Coda's learning programme Is supported by the local Music Hub, Individual schools and local aulhorilSes and after many years of experience working with Special Educallonal Needs and Disabilily ISENDI sellings in the region, we have become a speclalist in Ihis sector. Other communlty-based prolecls remaSn cenlral lo our work, offen engaging the more vulnerable people ID our communlty and in 2023124 Coda's work In the community focussed on supportlng older people, people with dlsabilities, and Ihose experienclng poor mentsl health. Coda's work with older people in resldenllal care had eamed an Arts and Health South Wesl award but the pandemic brought a dramatic hall to these seNices as care homes closed their doors lo people coming Into Ihelr sellings. In 2022 Coda created a Jubilee Jam band that toured to residenllal dementia hom8s and hospice selllngs lo celèbrate the Queen's Plallnum Jubile8 and In 2023r24 we secured support from NFU Mutual to rekindle our work with older people and created a targeled programme of mu&¢, and then art aclivities wllh koy local partner8, Coda 18 sltU8led in the mldsl of one of the largest populations of older people In Europe and our work Teflects a growing body of evidence surrounding Ihe positive impact of muslc. and the arts on th8 health and w&ll being of older peop18, Includlng a significant number of studles concerning the Impact of music on people with demenlla. Our creatlve sessions aim to: Encourage physical acllvlty lo support moloric abllity and CO￿rdInatIon. Improve neurological aclivlty through concentrating on tasks thal Involve focused menlal acllvlly, Imaginalion and memory: Llft or prevent depresslon through insplring and purposeful activlty; Express emollons by slnglng, Ilstening and playing muslc: Help carerslfamily members of porsons with dementia see each olher In happy clrcumslances,, Build frlendships among participants by providlng new experiences and conversations. During Ihe year Coda responded lo an invitation from Royal Bournemouth Hospilal lo lake up residence on Ward 5, an acute ward for palienls experiencing defflenlSa and delirium and through montli5y vislls we have supporled the monlal health nurslng team's endeavours to bring new activity onto the ward and lo evidence the positive impacl of muslc on both patients and staff.

CODA MUSIC AND ARTS TRUST LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 NFU Mulual's support also enabled us lo create a new Memory Band led by musician Stuart Jebbill with B band of local amaleur musicians drawn from Coda's weekty soci21 ensembles to perform in residential care homes across the New Forest and al some key local community events such as the opening of the Dementia friendly allotment In New Milton. The success and value of this work has led lo a donation by Mudeford Arts Festival to wlden the programme to include art therapy and in 2025 we will increase our work on Ward 5 to offer monthly arts sessions lo patients, as well as mu81C. This focus on older people also led lo us rekindling our work with people with Parkinson's Disease and, wlth new Music Therapist Flona Prilchard having undergone Sing To The Beal tralning lo supporl her practice in Ihls area, a slnglngllherapy group was promoted locally and allracled immediate Interest. Parkinson's is a neuro degenerative dSsease wlth main dangers in the latter stages from falls and pneumonia or Tespiratory failure caused by the symptoms of the disease. It Is widely acknowledged that both dance and singing can be of great benefit and from Coda's perspedive the prol8cI meets a need that the Nl.IS cannol meel ongoing physlcal IheTapy and menlal health sUPPOrt for people with Parkinson's In the community following dlagnosls. 11 also tries lo provide a bridge between primary care and social care working across GPS, soclal prescribers, Parkln80n's UK, professional soclal Care teams and famlly carers lo help people with Parkinson's manage their journey over the long term. Participation and abllity were moniloied throughout the work and Improvemenls in physlcal movemenl, coordinatlon, muslcallty, vocal technique and socSallsalion and mood have been 8lgnlfic8nt. Ihis group at capacity. Coda will start a second group in 2025 to meet demand. The health benefits of muslc and dance was explored In anolher way this year also. Our Daytime Discos project responded to Hampshlre Counly Councll's Active Lives scheme. a programme seeklng lo Increase physical activity among the least active people in our communlty. Coda designed a prevenlalive healthc2￿ programme lor adulls wllh learning dlsabi15lles and collaborated with a number of local care providers lo dellver fun and engaging dlscos facllltaled by a professional dancer. Sessions look place In Minslead Trust, The Shelllng School, Stable Family Home Trust and New Milton Gateway Club and provod a joyful and dynamlc opportunity lo gel acllve by danclng lo wonderful musl¢. To compliment Ihesg dayllme dlscos we worked with Hoburne Holidays lo provlde two speclal Club Nights al the local Hoburne Nalsh 8vents space In New Milton. With muslc Irom Ihe Mix It up Krv DJ'S, a group of learning disab18d DJS from Poole, and live muslc on slage Ihese two nights proved masslvely popular wllh our target audience, allracllng almost 200 people and providing an all loo rare opportunlty for people with dlsablllly and neurodiveTgence, Ihelr lamlly and carers lo experience a Club nlght out. More generally, demand for our Muslc Therapy service has been growing slnce the pandemlc and durlng the year Music Theraplst Veronlca Launn joined Owaln Clarke in providing one lo one Music Therapy lo clients hero al Coda, and now Fion8 Prltchard, who had undertaken a placement al Coda while studylng al UWE, has joined our leam, initially lo run Ihe Parkinson's Choir bul now to work wilh indNidual cllenls also. Demand for the Creallve Well Being programme, a hArt legacy project that supports people experiencing mental health problems, has also grown in 2023124 and, wilh a £20,000 grant trom The National Lottery Community Fund we have baen able lo continue lo offer regular art Iherapy sesslon5 al no cosl to local adulls and added a flfth weekly session in Somerford, Chrlstchurch. The poslllve Impact of art theRpy in supporting people's mental heallh was also recognlsed by Hampshlre County Council who commlssloned Coda lo deliver a programme of work through their Famlty Support SeNices team for chlldren and Ihelr prlmary carers.

CODA MUSIC AND ARTS TRUST LTD TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Fundraislng Coda Music Trust Is extremely graleful lo those charllable trusts and other partners for their interest in Ihe work of the Ttust and for Ihelr invaluable support. During the year much of our focu8 ¢entred Dn iealising our capllal programme bul we have also worked hard lo relain relationships with e￿stIng funders and supporters, and to secure support for the programmes inhetited from our merger with hAri. In 2023124 thls included grants from the Nallonal Lollery Community Fund and local town and parish courscll5. We welcome Ihe support of The Burry Trust and the many Individual donors playing our lottery scheme for Ihelr support for the bursaries that enables many Indivlduals to a￿sS our service5 al low, or no cost.. To NFU MutU81, and lo The End of The Road F8sUval for their contlnued association and donations lo Coda to suppori essential aspects of our work wllh local people. The Trust also received support for our work Ihrough grants, conlracls and commlsslons from our Immediate local authorilles. lown and parish councils, Including New Mllton TC, Lymlngton and Pennington TC. New Forest Dlstricl council. Hampshire County Councll, and Bournemoulh. ChrSstchurch and Poole Council. The development of the Stables 81 Coda has been a major prolect for the charity and required slgnlfi¢ant Investment In tlme and funds. We belleve the support provided by Arts Council England, The Tslbol Village Trust, New Forest Dlstrlcl Council and m8ny Individual donors will provide a wonderful facillly for the local community and a shSning beacon for cultural participation In Ihe region. Durlng Ihe year, Coda also secured a Communlly Infraslructure Levy ICIL) glant from New Forest Distrlct Council and a significant Individu81 donallon to enable us lo lackle a flnal devèlopment prolecl, Ir8nsforming the derelicl Grain Store into a flexible workshop space. Flnanclal revlew The flnanclal actlvilies of th6 charity are closely monitored by tho execullve team and Trustees and a monthly cashflow review and forecast, togelher with quarterly management accounts and an annual review ensure that Income and expendlture are carefully monllored. Coda engages an Sndependent book keep8r, Tamsyn Beach lo manage accounllng and payroll commilmenls. In 2024 Ihe charity deregislered from VAT followlng advice from external consultants. The VAT Consultancy and we are grateful lo Tamsyn Lane for her support with this process. Careful overhead control combined with effedlve fijndralslng and Increased charitable Income has contlnued to ensure that the Trust continues lo repay its loans. The remalnlng borrowing represents a mortgage taken out to buy the sile for the charlly with a remainlng term of 7 years. Despite Ihe conllnulng dlfficulties faced by smaller charilles and SME'S In the current, uncertain economlc cllmate, the Trustees see a healthy future in Ihe short and medium lerm. Reserve$ pollcy In accordance wilh the Charlly SORP, it is a requlrement of Trustees lo justify tho retention of Income as reserves and to continuously monilor the level of ieserves. During Ils firsl 25 years Coda's development cosls have been mel eilher with specific gr8nls and donations or borrowing. However, since the granting of an Arts Council England award to enhance ils fundraislng skills and slralegies in 2017 and Ihe subsequent rise in Indlvidual donatlons recelved, alongside the recenl Orive lo raise funds lo support the lalesl stage in tho capital developmenl of the Chrlslchurch site, Coda Is now in a stronger financlal posllion. Our recent capllal development plans have provided the charity v￿th the opporlunily to undertake many of its long- held amblllons to transform the remainder of our fomier fami sile into cultural facilities for the community. Thls development wlll enh8nce the cultural Offer of the charity and en8ble it to move a significanl slep towards 118 rinancial viability in the long lerm. However, Ihe charily does now need lo meet the challenge of Increaslng Ils customer base, partlcularly in its new areas of operation. Therefore 115 reserves policy should now reflecl the need to prolecl its opeialional costs during this next phase of organisational developmenl and provlde as much cover as possible towards a predicted annual shortfall between income and expenditure for the forthcoming accounllng period. Change at Coda comes al a time of major cost challenges to charities in Ihe UK due lo further Inflation and increases in Employers Nl bul we contlnue lo manage the charlly's finan￿S with care and diligenGe.

CODA MUSIC AND ARTS TRUST LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Durlng the year to 31 Augusl 2024. the Charity drew on designated funds to support the capllal development project and operational costs as necessary. It is the Trustees longer-term intention lo continue to build reserves for Ihe charity that would give a financial buffer of 81 leasl 6 months operation lo ensure the long-lerm prosperity of the charily. The Trustees consider that reserves al IhS6 level will ensure that, in the event of a significant drop in funding, they will be able lo continue the Trust's current aclivllies while considerallon Is given to ways in which additional funds may be raised. Rlsk pollcy In con}uncllon wllh ils reserves policy, Ihe charity actively manages its risks by carrying out a regular review across all areas of aclSvlly in order lo identify, priorilise arKI mitigale risks to the charity incltsdlng mitigation of flnanclal rlsks and the need to malnlaln the financial stability of the charity whlGh include managlng ils fund raislng and the provision of reserves lo cover any short-lerm financial Shortlall whllsl the currenl development phase is in progress. structure, governancè and management Coda MLtslc and Arts Trust Llmlled (Coda) Is a Company Llmlled by guaranlee and is a registered charity operating from Ils former fann sile on Chewlon Farm Road, Walklord. Chrislchur¢h. Dorsel. It Is governed by ils Memorandum and Artlcles ofAssoclallon and was incDfpofaled on 30 December 1997. The Trustees, who are also the dlrectors for the purpose of company law, and who served durlng the year and up lo the date of slgnalure of the financial slalemenls were.. Mr T M Clark (Chalr) MrsA Jeffery Ms E J Bovey MrKCMann Recruitment and appolntment of trustees Trustees are recrulled locally by the charity through conlacls and publlc appeal and are 8ppoinled 5ublecl to a six- month proballon. Trustee selection Is made by existing Trustees working with Ihe Chlef Execullve and is based on relevant charitable and business skllls plus enthusiasm and molivallon lo help make a dlfference. No Trustee has any beneficial In18resl In Ihe company or received any remuneration or other paym8nl from the company In the year. The Trustees are elected from and by the Member8 of Ihe charity who affj enlilled to vote al Annual Gen8ral and Extraordlnary General Meetings of the Trust. Coda operates wilh a small but efficient adminislralive and management team headed by Ihe Chief Executlve Officer (CEO) Phll Hallett, Centre Manager Amie McAndrew, Marketing and Promotions Officer Marlna Tucker, M8rtln Peltett as Heallh and Well-Being Manager and, since June 2024, Heldl Stellar as Creallve Programme Director (Aris). The Trust employs a team of up to 25 part-lirne Tnuslc educators and freelance muslc and art facililalors and Iherapisls. The malorlty of staff are on PAYE fixed term Gontracls complying wilh the Inland Revenue IR35 Regulations and Employment Legislation. Vve also benefll from the gènerous help of many volunteers lo deliver our work, and lo manage our sile and thelr supporl Is essentlal to the success of the charlty. All staff, volunteers and Trustees undergo enhanced DBS checks. Coda is commilted lo equality and accessibillty and its Safeguardlng Policy. Health and Safely Policy and Equal Opportunities Policy for bolh staff and users are central to ils work. Professional development opportunities and Iralnlng are offered lo slaff throughout Ihe year using online courses from iHasco and a range of other providers. None of the Trustees has any beneficial interest in the company. All of the Truslees are members of the company and guaranlee to conlrlbute £1 in Ihe event of a winding up.

CODA MUSIC AND ARTS TRUST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Th ruslees, report was approved by the Board of Trusiees. Mr T M Clark {Chairl Trustee Dale..

CODA MUSIC AND ARTS TRUST LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CODA MUSIC AND ARTS TRUST LTD

I report to the Trustees on my examination of the financial statements of Coda Music and Arts Trust Ltd (the charity) for the year ended 31 August 2024.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 Association of Chartered Certified Accountants, 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 that in any material respect:

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 financial statements to be reached.

F J Wilde FCCA MBA DChA

Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF

Dated: .... 15th May 2025

CODA MUSIC AND ARTS TRUST LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Current financlal year Unrestrlcted Unrestrlcted Restrlcted Endowment fund5 funds funds funds general deslgnated fund 2024 Total Total 2024 2024 2024 2024 2023 Notes Income from: Donalions.1ggacles and grants Charitable actlvllles Inveslments 18,3(K) 240,465 18,381 7.489 342,086 305,210 673,085 240,465 18,381 663,796 244,855 5,678 Total Income and endowments 277,146 7,489 342,086 305,210 931,931 914,329 Expendlture on,. Ra181ng funds Charitable acllvllles 729 342,396 729 383,857 290 314,782 26.375 15,088 Total expendlturo 343,125 26,375 15,086 384,586 315,072 Net Ineomellexpendlturo) (65,979) (18,886) 327.000 305,210 547,345 599,257 Transfers between funds {100,385) 98,511 1,874 Net movemènt In fundg 1166,364) 79.625 328.874 305,210 547,345 599,257 Reconclllatlon of funds: Fund balances al 1 September 2023 531,765 540.¢)00 35,784 1,107,549 508,292 Fund balance3 at 31 August 2024 365,401 619.625 364,658 305,210 1,654,894 1,107,549 The slalemenl of financlal aclivilies Includes all gains and losses recognised In the year. All Income and expendlture derive from Conlinuing activities.

CODA MUSIC AND ARTS TRUST LTD STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Prlor financial year Unrestrlcted Unrestricted funds funds general designated fund 2023 Restricted funds Total 2023 2023 2023 Notes Income from: Donallons, legacies and grants Charitable activilies Investments 617.824 242,355 5.678 45,972 2,500 663,796 244,855 5,678 Total Income and endowments 865,857 48,472 914,329 Expendlture on: Ralslng funds Charllable edivitles 290 293,302 290 314,782 21,480 Total expendlture 293,592 21,480 315,072 Net Income 572,265 26,992 599,257 Transfers between funds (540,¢)CM)) 540,000 Net movement In funds 32,265 540,000 26,992 599,257 Reconclllatlon ol fund8: Fund balances at 1 September 2022 499,500 8,792 508,292 Fund balance8 at 31 August 2023 531,765 540,000 35,784 1,107,549

CODA MUSIC AND ARTS TRUST LTD SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 All Income funds 2024 2023 Gross Income 626.721 914,329 Total expendllure from Income funds 384,586 315,072 Net sncome for the year 242.135 599,257 10-

CODA MUSIC AND ARTS TRUST LTD BALANCE SHEET AS AT31 AUGUST 2024 2024 2023 Notes Flxed assets Tangible assets 13 1.459,941 659.644 Current assets Debtors Cash al bank and in hand 14 5,392 298.232 8,384 537,952 303,624 548,336 Credltor8: amounts falllng due wlthln one year 16 (45.072) 123.386) Net Current assets 258,552 522,950 Total agsets less current IlabllStles 1,718,493 1,182,594 Credltors: amounts falllng due after more than one year 17 163,599) (75,045) Net assets 1.654,894 1,107,549 The funds of the charity Endowment funds Reslricted Income funds Unrestrlcl8d funds - general Unrestrlcled funds deslgnated fund 19 20 22 21 305,210 364,658 365,401 619,625 35,784 531,765 540,000 1,654,894 1.107,549 The company Is entllled lo the exemption from the audit requiremenl Contained In seGlion 477 of the Companies Act 2006, for the year ended 31 August 2024. The dlreclors acknowledge their responslbllllies for complying with Ihe requlremenls of the Companlas Act 2006 wllh respect lo accounting records and the preparats'on of financlal slatemenls. The members have not requlred Ihe coffpany to obtaln an audit of Ils financial stalemenls for the year In question In accordance with sectlon 476. These financial statements have been prepared in accordance wlth the provislons applicable to companles subject lo the small companles regime. The financlal slalemenls were approved by the Trustees on ... Mr T M Clark (Chair) Trustee Company regislralion number 03487093 (England and Wales) 11

CODA MUSIC AND ARTS TRUST LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes ash f lows from operatlng actlvltles Cash gonerated from operations 25 557,301 598,314 Investlng actlvltles Purchase of tangible fixed assets Investment income recelved {804,470) 18,381 (189,923) 5,678 Net cash used In Investlng actlviti (786,089) (184,245) FinancSng actlvltles Repayment of bank loans (10,932) 115,934) Npt cash used In flnancing actlvities (10,932) {15,934) Net {decreas8lllncrea8e In cash and cash èqulvalents (239,720) 398,135 Cash and cash equivalents al beglnnlng of year 537,952 139,816 Cash and cash equlvalent8 at end of year 298.232 537,952 12-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Charlty information Coda Music and Arts Trust Lld is a private company Ilmlled by guarantee Incorporated in England and Wales. The registered office is Chewton Faim Road. Walkford. Christchurch, Dorset. BH23 SQL. 1.1 Accountlng convention The ff nancial stalemenls have been prepared in accordance with the charlty's goveming document, the Companles Ad 2006, FRS 102 'The Flnancial Reporting Standard applicable In the UK and Republlc of Ireland. (°FRS 102.1 and the Charities SORP "Accounting and Reportlng by Charilies.. Statement of Recommended PTaclice applicab18 to charities preparing their accounts In accordance with the Flnanci81 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" leffeclive 1 January 2019). The charlty is a Publlc Benefit Entity as defined by FRS 102. The financial statements ar8 pr8pared in st8rling, whlch Is the fun¢tional currency of the charity. Monetary amounts In these financlal statements are rounded to the nearest £. The financial statements have been prepared under the historical Cost convention. The princlpal accounllng policies adopted are set oul below. 1.2 Golng concern Al the tlme of approving the financial slalements, the Trustees hava a reasonable expectation that the charity has adequate resources to conlinue in operalional exlslence for Ihe foreseeable future. Thus the Trustees conllnue to adopt the golng concern basis of ac¢ountlng In preparing Ihe financial slatomenls. 1.3 Charitable funds Unrestricted funds are avallable for use at the discretion of the Tru51ees ID furtherance of thelr charitable objectlves. Re51ricled funds are sublecl lo speclflc condillons by donors or granlors as lo how they may be used. The purposes and uses of Ihe reslrlcted funds are sel out In the notes to the financlal statements. Endowment funds are subfvt to specif￿ condltlons by donors that the capltal must be malnlained by the charily. 1.4 Incomo Income Is recognlsed when the charlty Is legally entllled to it after any performance condltlons have been met, the amounts can be measured reliabty, and il is probable Ihal Income will be received. Cash donations are recognised on receipt. Olher donatlons are recognised once the charity has been nolified of the donalion. unless perfomiance conditions require deferral of the amount. Income lax recoverable In relation lo donations received under Gift or deeds of ￿￿enant is r6cognlsed 81 the Ilme of the donation. Legacles are recognlsed on fecolpt or otherwise if the charity has been notified of an impendlng dlslribulion, the amount Is known, and recelpt is expecled. If the amount is not known, Ihe legacy Is Irealed as a contingent asset. 13-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcies (Contlnuedl 1.6 Expendlture Expenditure is recognised once there Is a legal or conslructive obligation lo transfer economlc benefit lo a third party, it 18 probable th81 a Iransfer of economic benefits will be required in settlement, and Ihe amount of the obligation can be measured rellably. Expendlture Is classifled by actlvity. The costs of each activity are made up of the lolal of direct costs and shared costs, Including support costs involved in undertaking each activity. Dlrecl cosls allribulable lo a single activlty are allocated direclly lo thal aclivity. Shared costs which contribute to more than one acllvlty and support costs whlch are not atlributable lo a single aclivlty are apportioned between those aclivilles on a basis conslslgnl wilh Ihe use of resources. Central staff costs are allocaled on the basis of lime spent, and depreciatlon charges are allocaled on the portlon of the assefs use. 1,6 Tanglble flxed asset8 Tangible fixed assets are Inllially measured at cost and subsequently measured al cost or valuallon, net of depre¢lation and any Impairrnenl losses. Depreclation 18 recognlsed so as to write off the cost or valuallon of assets loss thelr resldual values over thelr useful lives on the followlng bases.. Land and buildlngs Instruments Compuler equipment Nll {5mprovements at 2% stralghl Ilne> 25% slraight line 25% slralghl Ilne The galn or loss arlsing on the dlsposal Of an assel16 determlned as the dlfference between the sale proceeds and the carrylng value of the assel, and Is recognlsed In Ihe statement of financlal activltles. 1.7 Impalmient of flxed assets At each reporling end dale, the charity re￿ewS the carrylng amounts of Ils langlble assets to delermlne whether there is any Indication Ihal those assels have suffered an Impairm8nl loss. If any such indlcallon exlsts, Ihe recoverable amounl of the asset is eslimaled in order lo determine the extent of the Impalrment loss (If any). 1.8 Cash and cash equivalent8 Cash and cash equlvalenls include cash in hand, deposlls held al call wlth banks, other short-term liquld Investments wlth original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown withln borrowings In current Ilabililies. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Seotion 11 'Baslc Flnanclal Inslruments, and Secllon 12 'Olher Flnancial Instruments Issues. of FRS 102 to all of its financlal inslnjments. Flnanclal Inslruments are recognised In Ihe charlty's balance sheet when the charily becomes party lo the contractual provisions of the inslrument. Financlal assets and liabililles are offsel, wllh the net amounts presented In the financial stalemenls, when IheTe Is a legally enforceable right lo sel off the recognised amounls and there is an Intenlion lo settle on a n81 basis or lo realise the asset and settle the liablllty simulta￿oUsly. 14-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Icontlnued) Basic financial assets B8sic finanThal assets, whlch indude debtors and cash and bank balances, are initially measured al Iransaction prl¢e includlng tfansacllon costs and are subsequently carried at amortised cost using Ihe effecllve interest method unless the arrangement con5titules a financing transaction, where the transaction Is measured al the presenl value of the fulure recelpts discounted at a market rate of Interest. Financlal assets clas8ifled as receivable within one year are nol atmrtised. Basic financial Ilabilities Baslc financlal liabilities, includlng creditors and bank loans are initially recognlsed at Iransactlon prlce unless the arrangemgnl conslitules a financing transaction, wheie Ihe debt Instrument Is measured at the present value of the fulure payments discounted at a market rale of inter8sI. Financial liabllltles classlfied as payable wilhln one year are nol amortls8d. Debt instruments are subsequently carrled at amortised cost, using the effecllve inleresl rate method. Trade creditors are obllgatlons lo pay for goods or servlces that have been acqulred in th& OTdinary course of operalions from suppliers. Amounts payable are classified as current liablllties If payment Is due wllhln one year or less. If not, they are presented as non-CUTrenl Ilabllities. Trade cred51or5 ar8 recognlsed inltlally al transactlon prlce and subsequently measured at amortlsed cost uslng the effective Interest method. Derecognltlon of flnancial liablllties Financlal liabllllles are derecognlsed when Ihe charlly's contractU81 obllgalions expire or are dlscharged or cancelled. 1.10 Employee beneflts The cost of any unused hollday enllllèment is re¢ognlsed In Ihe perlod in which the employ8e's servlces are recélved. Terminallon benefits are recognised Immediately as an expense when the charity Is demonslrably commilled to tèrminate the employmenl of an employ80 or lo provide lermlnation benefits. 1.11 Retlrement beneflts Payments to defined Conlribullon retirement benefit schemes are charged as an expense as Ihey fall due. 1.12 Leases Crltlcal accountlng estlmates and ludgements In Ihe applicatlon of the charity's ac¢ounling pollcl8s. the Tnjslees are requlred to make judgements, esllmates and assumptions about Ihe carrying atrnunl of assels and Ilabilitie8 that are not readily apparent from olher sources. The eslimales and associated assumptions are based on hislorical experlence and other factors Ihal are considered to be relevant. Actual resulls may differ from thèse estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revislons lo accounllng estimates are recognised in the period in which Ihe eslimate is revised where the revision affects only that perlod, or In the period of Ihe revision and future perK)ds where the Tevision affects both ourrenl and future perlods. 15-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Incom• from donallons, lègacle8 and grants Llnr•glrlGlqd Unr•trfclvd Rest￿¢1•d End4¥kn￿ont funds lundA fvnds lund• geMi•l ¢108bgnol•d fund 2024 T)t•l Urmldctpd Llnr8$trlctsd R•tstrlcted Endovrnwt lund fund¥ lunds fuNd& n•rAI de•lgn¢gd lun 2023 2D24 2024 ?024 2074 202J 202J 2023 2023 Donqlknns and LeBa¢188 Gyan18 Donaled good8 and 10,3 252,fK4J 282.UCrfI 93.971 9)),910 16,943 44,472 138.443 6(K),910 18,443 8.0 7,489 89.5e8 311S210 402.285 1,6TrJ 18,3 7.400 342,086 .210 sn,(￿5 617.824 45,972 6e3,798

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from charltable aetlvltles Unrestrlcted Restrlcled funds funds 2024 2024 Total Un￿StrICted Restrlcted funds funds 2023 2023 Total 2024 2023 CODA Income from aclfvltles SeNices provlded undor contract Charilable rental Income 214,614 214,614 215,633 215,633 25,851 25.851 18,082 520 2.500 20,582 520 hArt Services provid8d under contract 8,120 8,120 240.485 240,465 242,355 2,500 244,855 Income from Investmonts Unrestrlcted Unrestrlcted fund8 funds 2024 2023 Inlerest recelvable 18,381 5.678 Expendlture on ral8lng fund8 Unrestrlcted Unrestrlcted funds fund5 2024 2023 Fundralslng and publlcity Adv8rtlslng 729 290 17-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expendlture on charitablè actlvlties CODA 2024 CODA 2023 hArt 2023 Total 2023 Dlrect costs staff costs Oepreclation and impaimient Music tuillon and leamlng MusldArt for heallh and well-being 126,913 4.173 37,219 35.121 110.801 3,708 48,867 20,786 2,121 112,922 3,708 48,867 28,194 7,408 203,426 184,162 9,529 193,691 Share of support and govèrnance costs (see note 8) Support Governance 160,862 19,569 116,044 4,898 149 116,193 4,898 383,857 305.104 9,678 314,782 Analy818 by fund Unrestricted funds - general Unrestricted funds deslgnaled fund Reslrlcled funds 342.396 26,375 15,086 286,652 6,850 293,302 18,452 3,028 21,480 383,857 305,104 9,678 314,782 Support costs allocated to actlvltle3 2024 2023 Staff costs Admlnislralion PTemlses Flnance 119,119 9,383 14,202 11,230 1.008 4,448 1,472 19,569 86.334 5,858 7,888 10,797 780 3,124 1,412 4,898 Insurance Other support cosls Governance cosls 180,431 121,091 Analysed between: CODA hArt 180,431 120,942 149 180,431 121,091 18-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support Costs allocated to actlvltles IContlnued} 2024 2023 Governance costs comprise: other gov8mance cosls Independent examiner 16,830 2,739 2,221 2,677 19,569 4,898 Govefnance costs include5 paymenls to the independenl examiner of £2,744 for accounts preparatSon and independent examinalion12023.. £2,664). Net movement In funds 2024 2023 The net movement in funds is stated after charglngl(crediling): Depreciatlon of owned tanglble fixed assets 4,174 3,709 Depreciatlon of langibles.. Total SOFA charge differs from BS notes by.. 10 Trustee8 None of the Trustees (or any persons connected with Ihem) received any remunerallon or benefits from the charlty during the year. 11 Employees The average monthly number of effoloyees during the year w8S: 2024 Number 2023 Number Therapy l Tulllon Adminislratlve Total 11 10 Employment costs 2024 2023 Wages and salaries Social security cosls Olher penslon costs 236,135 6,615 3,282 190,913 5,588 2,755 246.032 199,256 19-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Employees Iconllnuedl The average number of employees Is expressed as a full-lime equlvalenl. Key management personnel is defined as the Chief Executlve iole only. There were no employees whose annual remunerallon was more than £60,000. Remuneratlon of key management personnèl The remunoralion of key management personnel was as follows: 2024 2023 Aggregate compensation 51,906 42,638 12 Taxatlon The charity Is exempl from taxallon on its actlvities because all ils income is applled for charltable purposes. 13 Tanglble flxed asset8 Land ond As$o1• under In¥trument8 Iiulldlng8 ¢onslrucllon CompulÉr equlpm•nt Total Cost At 1 S6plember 2023 AddS1ions 691,807 706,140 16,098 3,000 710,903 804,470 98,330 Al 31 August 2024 1,397.947 98.330 16,098 3,000 1,515,373 Depreclatlon and Impalrment Al 1 September 2023 Depreciation Charged In th6 year 33,158 3,178 15,859 237 2,241 759 51,258 4,174 At 31 August 2024 36,336 16,096 3,000 55,432 Carrying amount Al 31 August 2024 1,361,611 98,330 1,459,941 At 31 Augusl 2023 658,648 237 759 659,644 -20-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 Tanglble fixed assets (Contlnued) The carrylng value of land Included In land and bulldings comprises: Freehold property (acqulred 200314) - an Impairment review Is ¢811ied oul annually to ensurè that the carrylng value In the accounts is nol overstaled. No depfecialion is charged. Propety Improvements{200710 2016} - these are depreciated al 29A a year Stable5 Development (202314) - lo be depreciated al 2% a year once In use12024151 Grain Store120241- development In progress. lo be depreciated al 2Vo a year once In use. 14 Debtors 2024 2023 Amounts falllng due wlthSn one year. Trade debtors 5,392 8,384 16 Loans and overdrafts 2024 2023 Bank loans 74,793 85,725 Payable wilhSn one ye8r Payable after one year 11,194 63,599 10,680 75,045 There Is a term of 7 years remainlng on the mortgage whlch Is secured on the chaTity's premi58s. This is subject to Interest al 2% ov8r base rate, calcuialed daity. 16 Creditors: amounts falllng due wlthln one year 2024 2023 Notes Bank loans Other taxation and social security Trade credllors Other creditors Accruals and d8forred income 15 11.194 260 29,968 836 2,814 10,680 1,276 7,062 1,704 2,664 45,072 23,386 17 Credltors: amounts falllng duo alter more than one year 2024 2023 Notes Bank loans 15 63,599 75,045 21

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Retlrement beneflt schemes 2024 2023 Deflned contrlbutlon schemes Charge lo profit or loss In respect of defined conlrlbulion schemes 3,282 2,755 The charlty operates a defined contribulion pension scheme for all qualifylng employees. The assets of the soheme are held separaloly from those of Ihe charity In an independently admlnlstered fund. 19 Endowmènt funds Endowment funds represent assels which must be held permanently by the charfty Income arislng on the endowment funds can be used in accordance with the objects of the charlty and is included as unreslrlcted Incom8. Any capital galns or losses arislng on Ihe assets fonn part of th8 fijnd. At1 September 2023 Ineomlng At 31 August resources 2024 Expendable endowments Stables Dèvelopment - ACE 305,210 305,210 stables Development - ACE. this fund represents Arts Councll England lundlng for the development of the stables. This fund Is represenled by the value of the development in tangible fixed assets and will be reduced by depr8clallon each yèar over Ihe life of the work. 20 Restrlcled funds The r8Strlcled funds of the charity comprlse the unexpended balances of donations and grants held on trust subject to speclflc conditions by donors as to how they may be used. At1 September 2023 Ineomlng resources Resources expended Transfors At 31 August 2024 Fiddle Orchestra hArt- Arts on Prescription hArt- Well Being Stables Development Beautiful muslc Annie Jeffery - Graln Store Development 1,415 9,913 3,837 20.619 (3,289) 1,874 9,913 14,839 91,166 (1,2601 21.000 71,086 (9,998) 1539) (1,260) 250.000 250,000 35.784 342,086 {15,086) 1,874 364,658 -22-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Restrlcted funds (Contlnued) Prevlous year: At1 September 2022 Incoming resources Resources expended Transfers At 31 August 2023 20,619 (9,660) (8,792) (377) (2,651) {20,619) 20,619 1,415 Flddle Orchestra Hampshlre County Council hArt - Arts on Prescriplion hArt- Well Being Stables Development 11.075 8.792 10.290 6.488 20,619 9,913 3,837 8,792 48,472 21.480 35,784 Hampshlre County Councll: adults health & care grant fvnding for the Get Golng Again Prolecl. The Coda Flddle Orchestra: After two decades of dellvery In Boscombe In Bournemoulh thls ￿mMUnItY prolecl came to an end following the retlrement of118 Dlredor Jack Maguire and Coda's declsion lo focus Its aclivltles In other areas. Stables Development- Coda has embarked on a slgnificant capital development project to Ifansform dllapidaled agricultural buildlngs at our home into dynamic communlty assets lo provide a vlbranl, creallva space for people of all ages and abilities. The new facilities will be enjoyed by hundreds of people of all ages and abilltles each week.. A home to artists making professional work In dedlcated stud108 and insplrlng an exhlbition programme fealuring local, national and Intemation81 praclilioners,. A wide ranglng programme of educallonal activities, skills development and training. Including art dasses for chlldren and workshops for adulls,, And a clinical and participatory programm8 uslng the arts as a tool for Iherapy, health and well being. hArt Art9 on Prescrlptlon: Arl Therapy pro9rammes for people with menlal heallh Issues. hArt Well Belng., Creallve Well Belng workshops for people with mental heallh issues. Annle Jelfery Graln Store.. a donallon for the development of the grain store. Thls fund will be released lo Ihe Slalement of Financlal Activities gradually as Ihe value of the GTain Store development depreclales each year. The fund Is represenled by Ihe charity's tangible assets as shown in the 'analysis of nel assels, note to the financial statements. 23-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 21 Unrestrlcted fund5 - designated fund These are unreslrlcted fund5 which ale ￿￿{erIal to the charity's acllvllles. At1 September 2023 Incomlng resources Resources expended Transfers At 31 August 2024 Capltal Projects Future Projects hArt Legacy 490.rxjo S0,(KJO 490,000 50,000 79,625 7.489 (26.3751 98,511 540,Crf)O 7.489 (26.3751 98,511 619,625 Prevlous year,. At1 September 2022 Incomlng resources Resourees expended Transfers At 31 August 2023 Capital Prolècls Future Project8 490.000 50,000 490,000 50,000 540,000 540,000 22 Unre5trlcted funds The unreslrScted funds of the charlty comprlse the unexpended balances of donallons and grants whlch are not subject lo specific conditions by donors and grantors as lo how they may be used. These include deslgnaled funds which have been set aslde out of unreslrlcted funds by the Iruslees for specific purposes. At1 September 2023 Incomlng re80urces Resources expended Transfers At 31 August 2024 Gener81 funds 531,765 277,146 (343,125) (1 (Kl,385) 365,401 Prevlous year.. At1 September 2022 Incomlng resources Resources expended Transfers At 31 August 2023 General funds 499.500 865,857 (293,592) (540,000} 531,765 -24-

CODA MUSICAND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 23 Analysls of net assets between funds Unrestrlcted Unrestrlcted funds funds general deslgnated 2024 2024 Restri¢led Endowment funds funds Total 2024 2024 2024 Fund balancès at 31 August 2024 are represented by: Tanglble assets Current asselsl{Ilabllities) Long term liabilities 214,020 214,980 (63,599) 619.625 321,086 43,572 305,210 1.459,941 258,552 {63,5991 365,401 619.625 364,658 305,210 1,654,894 Unrestricted Unrestricted funds funds general d￿Ignated 2023 2023 Restrlcted Endowment funds funds Total 2023 2023 2023 Fund balances at 31 August 2023 are reprfrsented by.. Tanglble assets Cuirenl asselsl{Ilabllllles) Long term Ilabililies 6[￿,810 32.215 507,785 20.619 15,165 659,644 522,950 (75,045) (75.045) 531,765 540,000 35,784 1,107,549 24 Related party transactlons There were no dlsclosable related party Iransacllons during the year {2023 - none). 25 Ca8h generated from operatlons 2024 2023 Surplus for the year 547,345 599,257 Adjustments for.. Inveslmenl Income recognlsed in slalemenl of financial activities Depreciallon and Impalrmenl of tangible fixed assets {18,381 } 4,173 15,678) 3,708 Movements in worklng capital.. Decreasel{increase} In debtors Increase in creditors 2,992 21,172 (8,384) 9,411 Cash generated from operatlons 557,301 598,314 -25-

CODA MUSIC AND ARTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 26 Analysls of changes in net funds At 1 Seplember 2023 Cash flows At 31 August 2024 Cash at bank and In hand 537,952 (239,720) 298,232 Loans falllng due within one year Loans falling due afler more than one year 110,680) (75,045) (514) 11,446 {11.194) (63,5991 452,227 (228,7881 223.439 27 Prlor period adjustment Changa8 to the balance sheet At 31 August 2023 AS previously AdJu$tment reportod As r98tatgd Flxed assets Tanglble assets 469.721 189,923 659,644 Capllal funds Income funds Reslricled funds 15,165 540,000 362,461 20,619 35,784 540,000 531,765 Unreslrlcted funds 169,304 Total equlty 917,626 189,923 1,107,549 Changes to tho prollt and loss account Perlod ended 31 Augu812023 AS previously Adlustment As re8tated reported Charltable actlvilles 504,705 {189,9231 314,782 Net movement in funds 409,334 189,923 599.257 26-