COMPANY REGISTRATION NUMBER: 04189582 CHARITY REGISTRATION NUMBER: 01097929 More Music in Morecambe Company Limited by Guarantee Unaudited Financial Statements 31 March 2025
More Music in Morecambe Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to Ihe trustees 12 Statement of financial activities (including income and expenditure account> 13 Statement of financial position 14 Statement of cash flows 15 Notes to the financial statements 16
More Muslc in Morecambe Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and admlnlstratlve detai15 Register&d charlty name More Music in Morecambe Charlty registration number 01097929 Company reglstratlon number 04189582 Principal offic8 and registered 13-17 Devonshire Road office Morecambe Lancashire LA3 1QT The trustee$ Mrs L Zawadzki {Chairl Ms H Prest Ms G Sommetville Mr S Varden E Neat Mr S Ud-Din Ms A Quigley Mrs A Stokes (Resigned 20 January 2025) Company secretary M Barradough (Appointed 20 January 20251 Independent examiner Phillip Dennison ACA FCCA 20 Mannin Way Lanc8sler Business Park Caton Road Lancaster LA13SW
More Music in Morecambe Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnuèd) Year ended 31 March 2025 Strudurey governance and management More Music in Morecambe is a company Ilmiled by guarantee govemed by its hAemorandum and Articles of AssocialKJn dated 29th March 2001 More Music Is constituted as a charitabfe trust registered with the Charity Commission on 10th June 2003 under Charity number 01097929 The Directors of the charitable company IThe Charity) are its Trustees for the purposes of Charity Law The Trustees and officers serving during the year are detsiled above. Recruitment and appointment of Trustees: The existing tsuslees are responsible for the recruitment of new trustees. In selecting new trustees, we seek lo identify people who have an awareness and understanding of the Charity in its broadest sense. The Twstees seek to ensure that the needs of the various groups engaged in the activities of More Music are approprialely reflected through the diversity of the trustee body. Trustees are recruited though an open application prosS, opportunities are advertised through funders, sector suptKJrt agencies and More Music 's website and social media ¢hannels, applicants who meet the sglection criteria are inleNiewed by a panel comprising Irust8es and More Music staff. SUSSful ¢andidates are invited to attend the trustees. meetings as observers once they have been provided wth further information of the charity's aims and activities, and if all agree they are then proposed as new trustees al the subsequent meeting. Following appointment there is an induction process in which new trustees are briefed on their legal obligations under Charitable law. Trustees are given copies of the trust deed and a guide lo the policies and procedures adopted by the Charity. Additionally, a number of publications from the Charity Commission are also provided including the guidance on charities and public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Related Parties: None of our trustees receive remuneration or other benefit from their work with the Charity- Trustees area able to claim expenses for travel. They can also receive payment for other work when appropriate if this is declared and approved by the other trustees. Risk Managementr. The Trustees have assessed the risks the charity faces and are satisfied that there are systems in place or arrangements in hand to manage the risks that have been identified. The risk management strategy comprises- . An on%oing review of the risk the charity may face The establishment of systems and procedures to mltigate those risks identified in the plan Financial risks are rninimised intsrnally by the implementslion of procedures for aulhorisalion of all transactions and projects" A key element in the management of finandal r18k Is a reserve ftjnd, which has been achieved. Insurdnce cover is in place. Appropriate Disdosure and Barring {DBS} checks supported by regularty
More Music in Morecambe Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (¢ontinuedJ Year ended 31 March 2025 reviewed policies and training for all staff. All policies are reviewed regularfy to ensure that they meet Ihg negds of the Charity and are compliant with changing legislation. Organisalion81 Structure: The charity's tlustees are responsible for the straleglc direction and policy of the Charity- The Trustees meet quarterly lo assist in the smooth running of the work. There is a finance sub-committee, which meets quarterly and reports back with ils recommendatlons for tha full meetings of the Trustees. Additionally, trustees are involved in specific tssk and finish groups or attached to stsff teams for particular areas for development such as the Environmental Action Plan or the Equality, Indusion 8nd Diversity plan. Day lo day responsibility for the administration and provision of serVIS has been delegated to the Executive Director. An effective line management and appraisal system ensures that staff are managed strictly in accordance with the Charity's policies and procedures and that the leadership is aware of the training a1 developmental needs of the staff. The Executive Director Is accountable lo the Iruslees and their perfomance monitored and apprdised by trustees. ObJ9Ctlves and activities The objectives of the charity as set out in the organisalion's Memorandum of Association are to= Promote the advancement of public education in relation lo music and related arts throughout the UK particularfy Lancashire., Provide opportunities for people of all ages. Including tl)ose who are disabled or who have additional needs to experience, enjoy and perform music. More Muslc has a general aim to contribute lo life throughout LancashiTe. Each year our trustees review our objectives and activities to ensure they continue lo reflect our aims. In carrying out this review have considered the Charity Commission's guidan on public benefit and when planning our future actThiilies. How Our Activities Deliver Public Benefit: The charity carried out a wide rarkge of activities in pursuance of its charitable aims. The trustees consider that these activities summarised below. provide benefit to those whom we work directly and to the wider public. More Muslc is a valuable educational. recreatlonal, community resource lo the local population. More Music is a community music education charity based in the west end of Morecambe Lancashire. The Charity is one of the most highly regarded community music organisations in the UK, offering a yearwround progr8mme, which covers a breadth of music making that involves and welcomes people of all a9es. all abilities and all backgrounds. Estsblished in 1993. More Music contlnues lo deliver successful, inclusive projects which demonstrate imagination. partnership, fiexibility and connection to communities.
More Music in Morecambe Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 31 March 2025 Opportunities to access and experience high quality artistic events and activilles are unequally distributed across society, with economically and socially deprived areas such as Morecambe particularly at risk of a lack of opportunities. We work in this ¢ommunity to counter that and bring music and Creativity to people who fa many barriers lo parbcipalion. Our vtsion is a society where aCsS to and engagement with the arts and culture transform lives and communS1ies. Our mission is lo buSld confidence and spirit in individuals and communllles through creative arts activities, particularly music. Strategic raport The followng sections for achievements and performance and financial review fom) the strategic report of the charity. Achl¥vements and p9rfomian¢o At the beginning of July. More Music welcomed a new Executwe Director, Marianne Barraclough. following the resignation of Kathryn MacDonald and subsequent interim oversight from Andy Stratford. As such, 2024- 2025 has been a year of change for the organisalion. The funding landscape remains difficult to navigate with br08dly slandslill funding from Arts Council England, Lancashire Music Hub, Lancaster Cty Council and Youth Music. We have however seen successes with Garfield Weston Foundation awarding £90,000 to support core costs over b0 years and an unexpected grant of £10,000 from the UKSFP Levelling Up funding, as part of a programme of redevelopment work around More Music's building. We have achieved 71. of all applications sybmilled. These fundraising suocesses. aligned with some reslrucluring in the staff team has enabled u5 to close the year with a small surplus. We continue lo work against a backdrop of poverty, poor mentsl and physical health. and low aspiration. This has only strengthened our resolve to make positive change for the people who live in our community in terms of wellbelng and Ilfe char)ces with innovation, ingenuity and creativity. We have continued lo dgliver a vast programme of inclustve work of the highest quality aligned lo Arts Council England's Investment principles: Environmentsl Responsibility, Inclusion and Relevance, Ambition and Quality. Dynamism. We have established and maintained insplratSon81 partnerships and excellent artislic projeds that support cultural development and intefaction. We have continued lo provide employment for dozens of local people and provided increased accessible opportunities for people across the social spectrurn including people from diverse communities, cultures an(J disabled and neurodiverse people. We have continued lo improve employability for artists. arts managers and especially young people through the teaching and sharing of musical. digital. soclal and professional skills and through meaningful opportunities for work experienco. More Music was selected as 8 fin81isl al the Northem Cultural Education Awards in May 2024 for 'The Alien Needs Our Help., a health themed creative music and dance project created and delivered in partnership wlh Ludus Dance. which reached 3800 children from 24 primary schools across Lancaster and Morecambe. The project collected clear evidence that children felt more informed and onfident of their knowledge about vaccines and how lo make the right choices about their health after
More Music in Morecambe Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (conlinue Year ended 31 March 2025 taking part. This nomination was for the Hearts and Minds Award. which recognises projects that have usod tsrgeled creative or cultural actlvlty to posllively Impact children and young people's health and wellbeing. We have received wonderful feedback from those attending our sessions= 'The sense of confidence and the opportunities to create and perfomi In a real-world setting is unparalleled. Such an Insplrlng place and people. I cannot sing yourpraises hlghly enoughl- -8eing in a groupi making musiTC together promotes a mindful experfence. It is very collaboratlve and Communal - we make music toggthgr until it sound5 good. It's one ol the most social things in my week. Thursdays are brilliant because I have Stages. The only problem is how fast it goes- Iwo hours Ilies by" "When I go to More Musl¢ It makes me feel that I can be myself and I can meet new people who are my age." Envlronmental Responslblllty: We continue to progress our environmental work. which has long been a feature of our programme. This is particularly the case with our local festivals, That Spring Thing and the West End Winter Lantern Festival, which ore significant community events which bring people togelher to enjoy excellent music, creative workshops, food and share cultural experiences which eelebrale the natural world. More Music has an environmental responsibility action plan. a robust policy. and a team comprised of staff members and a Iruslee who meet twice yearly to review the plan. policy and monitor the organisalion's progress lo reduclng cllmale and environmental impact. More Music Is a founder organisalion in LANDS (Lancashire Arts Network for Developing Suslainabilityl a vital programme of climate action. engagement, advocacy and support for Lancashire artists and arts organisations. Ils aim is to deliver Climate Juslicg by working togelher as a sector to address the unequal impact of the climate crisis and foster a sustainable creative ¢ommLJnity. More Music is part of LancsCAN (Lancashire Climate Action Neknrkl a network involving 190 Lancashire based organisalions from a range of sectors. The Wesl End Winter Lantem Festival was themed around Birds of the Bay and included a new version of Birdsong {whi¢h had initially been commissioned for Baylighl in 20231 a light inslallalion featuring artwork submitted from local residents, school students and participants from More Music's programrnes, which was projected onto More Music's building as the centre piece of the event. This was possible in part, due lo the programme of development that was undertaken by Lancaster City Council supported by funding through the UK Shared Prosperity Fund lo improve the areas around More Muslc. "Ivs an opportunlty for all the Community to come together united in joy. As a teacher in a local high school, it's such an invaluable opportunity to celebrate with the children and their families. as s¢hool rarely provides this. Thank you, More MusiG. as everl" (Teacher, Bay Leadership Academy) More Music's young producers, the EcCollective. have beer5 working throughout the year lo prepare for a youlh-led climate action community music festival Three Degrees Festival which will lake place in July 2025. During the year. the Eco-Colle¢tive have Eeamed from a wide range ol climate
More Music in Morecambe Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlreetor's Report) (contlnued) Year ended 31 March 2025 experts Including those working to address climate change in the local area. Thay participated in the Lancashire Youth Climate Conference in Blackpool as well as working with Lancaster City Council lo develop and run the youth consultation for the Lancaster District Climate & Wildlife Strategy. The Eco- Collective have been shaping the plans for the Three Degrees Festival, including coming up wlh the concept behind the name can our three degrees of influenGe, help slop three degrees of heat rise. which would see Morecambe underwalefi Alongside the work of the Eco-colleclive, young people participating in sessions at More Music have been creating new music in sponSe lo the theme of Climate Change. and a project has begun with Sandylands and West End Primary Schools to creat8 new sorwJs and materials which will be performed at tha festival. The programme has been funded by the Energy Saving Trust Foundation. Pupils from Bowerham Primary School in Lancaster worked with our musicians during Summer 2024 for a project called 'ReconnecV lo create a powerful video featuring new songs. lyrics and placards sharing Iheir feelings about climate change. CellistlcompDser Maja Bugge and songwriterlproducer Leroy Lupton from More Music worked with pupils to Create songs and produ¢e a fantastic video, including a flashmob performance outside Lancaster Town Hall. which was attended by the Mayor of Lancaster. More Music has revisited the Building Development Plan following an energy efficiency report undertaken in early 2024. Fixing the gable end wall was highlighted in thè report as the highest priority in terms of improving energy efficiency in the building. Fundraising is undemay lo secure the necessary fvnds to complete this essential work. Inclusion and Relèvane•: During this year, we highlighted our Incluswe music programmes Unique Beatz, On The Beat and Baybeal Str&elband through our Beats of Morecambe Bay crowd-fundraising campaign, shining spouight on this important work which happens from our building every week. bul often goes under the radar. Unique Beatz. our creative ensemble for disabled and learning-disabled young adults performed at our youth gigs and have been wriiing new material, incorporating music tech alongside acoustic instruments in preparation for the Three Degrees Festival. On The Beat. our programme of social music sessions for dlsabled and learning4lisabled adults was featured on BBC Radio Lancashire. "The sessions benefit her confidence. passion for musl¢. mental health & her self*steem" (On The Beat- Carer} Baybeat Streelband. our longest running prograrnme. continues lo go from strength to strength, and has inclusion al its heart. The band includes around 40 members, incorporating extremely experienced players and total beginners. all working effg¢tively together. "l enjoy the camaraderie. Baybeat is literalty the highlight of my week & l am so ovenvhelmlnglyproud to be part of the band." (Baybeal member} More Music has continued to lead on music dellvery In SEND schools across the county. as part of our work with Lancashire Music Hub, as well as with our role in Cordinating the SEND teachers. network and on the music hub inclusion Working group. which seeks to improve practice and to Increase opportunitie5 for children of all abilities. Our Executive Director showcased Girls Can, our long njnning programme supporting young women aThJ non-binary people into the music industry. al the inaugural Lancashire Music Summf(. Gir5s Can
More Music in Morecambe Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) IAlled) Year ended 31 March 2025 was also the subject of a feature that was created by and broadcast on BBC Introducing Lancashire and Cumbria. Young people from Amplrfy. Lancashire Music Hub's YoLJlh Board. co4elivered by More Music and Lancashire Music Service, travelled lo Birmingham for the second national Young People's Citizens Assembly hosted by Music for Youth in July 2024. Joined by More Musi¢'s youth voice ambassadors, the event saw young people from across the county come tcxjelher wilh the shared aim of influencing the future of music within the UK. We worked with Disco Neurotico to host an indusive club nlght as part of our gig programme and hope to build on the success of this in future years. The Equity Diversity and Indusion Action Plan is regularfy reviewed by the EDI team consisting of board and staff members. More Music is the host venue lor Global Link English lessons most Fridays. and through this use of the space. we provide ¢onnectK)ns for refugees and asylum seekers Into programmes and free gig tickets wherever possible. Ambition and Quallty: This year we have presented an incredible line up of diverse and inspiring artists within our gig programme, a valuable project which enables us lo bring musicians of the highest quality lo Morecambe and Lgncaster, creating opportunities for Ioc81 people to experience music from around the world. Our £5.00 ticket price for local people makes the programme affordable for everyone. We hove presented Mikey Kenney, Germa Adan. Amer-lmeri. Nishl8 Smith, Stevens & Pound. Disco Neurotico, Baked A La Ska. Loose Articles and Jonathan Mayer & Kousic Sen. Wherever possible. local bands were booked lo provide the support for the gig programme. -so lovely to see different age groups danclng togethery... It was the flfth event we've attended at More Music and each time we are so Impressed with the quality of the performers and the friendly welcomlng atmosphere. Well done More Mu$l¢ for all you do. Long may you continue" IAudience member) More Music had a presence at Lancaster Music Festival, helping to change the profile of a PutbaSed music event and showcase grassroots music. We took some of our projects to engage, entertain, inspire and lo raise awareness of our work. More Music has also been working with Lancaster University on the delivery of their Campus in the City programme, with planning for a more in-depth collaboration undeNay. Baybeal Streetband continued to perform at festivals and events across Lancaster District and beyond. Highlighls this year induded Encounter Festival in Preston, the West End Winter Lantern Festival and Baylight Festival in Morecambe and a very special collaboration wllh slreetbands and carnival performers from aCTOSS the North-west for the eommunlty parade at Kendal Calllng fesuval near Penriih. We presented early years focussed programrnes. Raven Tales. a beautiful interactive performance for under 5's and their adults, and Magic Islands of Music, an immersive interactive inslallalion for under 3's and their adults. as well as sharing our Walking Down The Street, scrap gamelan for under 5's al festivals and events. "Maglc Islands has been the best thing I have taken my son to. Creallve. beautiful, exciting and interactlve. I can't wait to bring my new baby when she is old enough." Parent
More Music in Morecambe Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 31 March 2025 On International Women's Day in March 2025. we celebrated the ongoing success of our Glrfs Can inilialive, our campaign lo highlight women and non-binary people's achievements and provide opportunities to explore areas of music and technology where there are often barriers. through a special partnership with Manchester based all-female punk band Loose Articles. They opened their soundcheck to Girls Can participan15, followed by a deep reaching Q&A 5es5ion. before young bands from Girls Can were support bands for the Loose Articles gig at More Music that evening. A joumalisl from BBC Introducing Lancashire & Cumbria attended the session and gig and created a segment highlighting Girls Can which was broadcast in March 2025. "We want to highlight More Music as a place that Insplres us... The place offers local young people a free place to start a band. pra¢ti¢e. as well as offering programmes to leam trades in the music industry such as sound and light technician roles... This place helps nurture and inspire the next generation of musicians." Loose Articles We concluded a successful Ihird cohort of our More Music mentorship scheme wilh young people who enjoyed the experience of shadowing the entire programme. with support from senior music leaders. The aim of this scheme is for young people to gain insight Into the diverse world of community musi and experience to music making in a professional environment. This work conlribules to our commitment to sector development, and to supporting young people lo become employable and lo grow in confidence and agency. In 2024-2025 we launchd an Eady Years focussed mentorship programme for emerging music leaders who wished lo develop their praclise of working in the Early Years. Young musicians from our youth projects released a compilation alExJm of original music in July 2024, showcasing their creativity and lalenls. The album featured 10 songs written by the young people and was created with the support of our musician team over the year. Dynamlsm: We have forged new partnerships and slrgnglhened others including Eden Project Morecambe, Lancaster University. hAorecambe Music Festival, Northem Silenls. Global Link, and many more, which support and contribute to the development of the local arts and cultural sector. We continue lo work closely with Lancaster Oislrict Arts Partners, Lancashire Music Hub and Lancaster City Council. We have maintained and protected our partnerships with the local health sector lo build recognition and achieve funding for our work which is proving to be of significance to the health and wellbeing of our community. The success of the Young Person's Social Prescriber initiative has secured the post for a fourth year with funding from Bay Medical Group. "I dropped out of college as well, so I wasn't dolng anything at all and then when I was here. I klnd of launched.... Istarted leaviTng the house again." Socially PreSbed Young Person As front runners in the local arts and health scene. More Music projects are mueh in demand as subjects for research. This yoar we continued lo work with Edge Hill University on their Arts4Us programme examining the impact of arts on the mental health of young people. Given the challenging flnanclal landscape in which More Music has been operating, and the financial deficit position In 2023-2024. the decision was taken to reslructLFre the finance function of the organisation, with the Senior Finance Manager and Finance, Data and Monitoring Officer posts being made redundant and the new post of Finance Manager being created. Alongside this, the data and monitoring elements of the Finance. Data and Monitoring role ¢ornbined with the Education and Indusion Manager role, making that a full-lime position. Al¢gned with her skillsel, the incoming Executive Director will have oversSght 8nd responsibility for the operational budgets and ongoing
More Muslc in Morecambe Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (conts"nued) Year ended 31 March 2025 management accounts which previously sal in the Senior Finance Manager role. Several other staffing changes took pla during the year. The Marketing Manager retired. and the decision was taken lo employ a freelance Communications Lead. rather than to employ a new pemianent Marketing Manager. Youth Programme Manager and Music Leader Rachel Parsons and Music Leader Rick Middleton left their employed roles al More Music and now work for More Music on a freelance basis. Future Plans: We will continue to work with funding consultant Frances Snowden lo continue to develop our income generation strategy and to seek new opportunities with a focus on capital funding alongside programme funding. The More Music building 15 a fom)er Edwardian Music Hall and is in constant need of repair. Our celebrated youth programfne will be maintained and develope¢J. We will support young people to., build resilience, to develop Iransferrable skills through music making. paid opportunities, mentoring and placements with local and regional partner organisations. We will endeavour to find a range of opportunilles for those participating in different aspects of the More Music programme. to come together lo share their achievements, and to make connections across the community. Three Degrees Festival will take place In July 2025 having been devised and planned by the Eco- Collective young producers. We will maintain our commitment to inclusion and diverstty and continue to increase opportunili8s to work with people who are marginalised. under-represented, lonely and isolated. We remain committed lo Article 27 of the Universal Declardlion of Human Rights, that gwes us all the right to parb¢ipate in Ihe cultural life of the community and lo enjoy the arts. Flnancial review Our reported Income for the year is £521,710, a reducliorb of £76.691112.8%1 on the previous year. More Music is grateful for continued support from Arts Council England. Youth Music and Lancaster City Council who granted us 36.50A of our annual income {£190,7521. This increase lup from 300/0 in the previous yearl is due lo a Lancaster City Council UK Shared Prosperity Fund grant of £10.000 as part of the publlc realm improvements to the areas around More Music. Earned income formed 29.6.10 {£154,8441 of our total income, including our long-standing partnership with Lancashire Music Hub, box office inwme from our gig programme. commissioned setvices and building hires. Grants formed 31% {£160,166) of our income and were rece¢ved from Garfield Weston Foundation, Bay Medical Group. Francis Scott Trust, Masoni¢ Charitable Foundation. Energy Saving Trust Foundation. LDCVS Minds Within The Bay. The Penhale Trust, The Dowager Countess Eleanor Peel Tnjsl, Morecambe Town Council and The D'oyly Carte Charitsble Trust. These grants supported our health and wellbeing work. Including supporting our Young Person's Social Pres¢riber,' our environmental focussed work., a broad range of programmes with Seagull Café for our oldest participants., our programme for teenagers in Morecambe and our core Costs.
More Music in Morecambe Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) fconllnuedj Year ended 31 March 2025 Total 8xpendilure was £452.268 0 decrease of 1£138,643123.5% on the prevlous year. Core staff contracted staff and freelance fees1£325,0291 make up the majority our expenditure and account for 71.8ts of all costs. Slafflng costs decreased by 10% against the budget sel for the year due to restructure within the team lo increase efficiency. The end of year position is a surplus of £69.44212024.- £7.4901. Within the above figure there is an in year UnstrICted surplus of £49,379 {2024.' deficit 01 £36.1431. Combined with the brought forward of £16.751, this gives a carry forward of unreslricled reseNes (excluding fixed assels} into 2025126 of £66,130. Of this carry fotward, £15.000 of Garfield Weston Foundation funding is earmarked lo support core Costs in 202512026 and £1,500 of Lancashire Music Hub funding is allocated for creative musi¢ sgssions. This gives the charity free reserves going into 2025126 of £49.630. The fixed asset fund has an in-year deficit of £14.82712024.. deficit of £11.384} which 15 made up of the depreciation charge for the year offsol by capital additions of £1.145. As at 31 March 2025. the fixed asset fvnd stands at £282,783. There was a reslricled fund surplus in the year of £34.89012024.. £55.0171 which when combined with the brought fornard of £56,017, this gives a carry forward of reslricled reserves {excliJding fixed assets) into 2025126 of £90,907. Reserves Policy The Iruslees continue lo review the development of the reserves in vlew of the main risks lo the organisalion. The established policy states that unrestricted funds not committed should be equivalent to six weeks of running costs 1£52,1841 with the aim lo extend that up to three months. The unr8Strictgd free reserves at 31st Marth 2025 are £49,630 {2024 £16.7511. Principal risks and un¢ertaintie$ The biggest risk to the organisalion is the continued challenglng finandal landscape in which we are operating. The stand-still funding from Arts Council England. reduced funding from Youth Music. rising gngrgy costs and the costvof4iving crisis all present major challenges for More Music. We will continue lo review our organisalional structure. lo ensure efficiency, whilst not impactlng on the quality of our delivery. Alongside this, we will continue to develop relationships and partnerships with local and national funders and partner organisations lo most effectively attract grants and partnership funding. The More Music building is a former Edwardian Music Hall and is in constant need of repair. this is particular risk al the current lime. as the gable end wall is not watertight and needs urgent rep81f. Funding has been secured for this, and work is scheduled to take place during 2025-26. Our reserves position is growing. and we remain committed to slrenglhening this position, to safeguard the charity in this challenging financial landscape. 10
More Music in Morecambe Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontinued) Year ended 31 March 2025 The trustees, annual report and the strategic report were approved on on behalf of the i)oard of trustees by: and signed Mrs L Zawadzki Chair 11
More Music in Morecambe Company Llmited by Guarantee Independent Examlnerfs Report to the Trustees of More Music in Morecambe {continuedJ Year ended 31 March 2025 I report to the Iruslees on my examination of the financial ststements of More Music in Morecambe {'Ihe charily'l for the year ended 31 Marth 2025. Responsibilltles and basis of report As the trustees of the company land also its directors for the purposes of compeny lawl you are responsible for the pparatiOn of the financial ststemenls in accordance with the requirements of Ihg Companies Act 20061'lhe 2006 Ael'l. Having satisfied myself Ihal the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respe¢l of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 l*he 2011 Act'l- In carrying out my examination I have followed the Directions gwen by the Charity Commission under section 145{5llb} of tha 2011 Act. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of 8 body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEWI, which is one of the listed bodies. I have ¢OTnpleted my examination. I confirm that no matteTS have come to my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial slalements do rbot accord with those records,. or the financlal statements do not comply wlth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf vlew which is not a rnatter considered as part of an independent examination. or the financial s18temenls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this port in order to enable a proper understanding of the accounts to be reached. Phillip Dennison ACA FCCA Independent Examiner 20 Mannin Way Lan¢asler Business Park Calon Road Lancaster LA13SW 12
More Muslc In Morecambe Company Limited by Guarantee Statement of Flnanclal Actlvltles (including income and expenditure account) Year ended 31 March 2025 2025 Restried funds Total funds Total funds 24 Unrestricted funds Noto Income and endowments Donations and legacies Charitable activities Other Irading activities Investment income Other income 11,428 274.993 32,628 1,715 13.546 11,428 462,393 32,628 1,715 13,546 17,447 489,790 40.811 1.575 48,778 187.400 Total income 334.310 187.400 521,710 598,401 Expenditure Expenditure on raising funds.. Costs of raising donallons and legacies Expenditure on charitable activities Total expenditure 10 11 5,321 288.335 5,321 446,947 6.362 584,549 158,612 293.656 158.612 452,268 590,911 Net In¢ome and net movement In funds 40,654 28,788 69,442 7.490 Reconciliation of funds Total funds brought forward Total funds ¢arried forward 245,988 124,390 370.378 362,888 286,642 153,178 439,820 370,378 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitiès. The note5 on pages 16 to 30 tomi part of these flnan¢lal $tatem8nts. 13
More Music in Morecambe Company Limited by Guarantee Statement of Financial Position {¢onllnuedJ 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 17 282.783 297,610 Current assets Bar stock for resale Debtors Cash at bank and in hand 18 19 593 22,389 186,240 209,222 593 26.448 114.231 141.272 cr[tors. amounts falllng due wlthln one year Net currènt assets 20 36.489 49.667 172,733 91,605 Total assets less current liabilities 455,516 389,215 Creditors: amounts falling dug after more than one year Nat aSts 21 15.696 18.837 439,820 370,378 Funds of the charlty Reslricled funds Unreslri¢led funds 153,178 286,642 124.390 245,988 Total charfty funds 439,820 370.378 For the year ending 31 March 2025 the charity was enliued lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Dir&ctors' responsibilities.. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with section 476.. The directors acknowledge their reswnsibilllles for complying with the requirements of the Act with raspect to accounting record5 and the preparation of financial statements. These financial statements have been ppared in accordance with the provisions opplicable to companies subject to the small companies. regime. These financial statements wera approved by the board of trustees and aulhorised for issua on and are signed on behalf of the board by= Mrs L Zawadzkl Chalr The notes on pages 16 to 30 lorrn part of these financlal $tstements. 14
More Music in Morecambe Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Nel income 69,442 7,490 Adjuslments for.- Depreciation of tsngible fixed assets other interest receivable and Similar income Interest payable and similar charges A¢crued income 15,972 11,7151 770 13,5511 16,133 {1,5751 1.816 13991 Changes in." Bar stock for resale Trade and other debtors Trade and other creditors 99 {2121 3,143 15.3561 1150.1031 75,350 1123,3961 Cash generated from operations Interest paid Interest recelved {7701 1,715 {1,816} 1,575 Nel cash fromllused inl operating activities 76,295 {123.637} Cash flows from Investlng activltles Purchase of tangible assets Nel cash used in investing activities {1.1451 {1,1451 14,7491 14.7491 Cash flows from financing activities Proceeds from borrowings Nel cash used in financing activities (3.1411 {3.1411 13.0591 13,0591 Net increasel{decrease} in cash and cash equlvalents Cash and cash equivalents at beginning of year Cash and cash equlvalents at end of year 72,009 114.231 1131,4451 245,676 186.240 114,231 The notes on pages 16 to 30 fomi part of these flnanctal sta18mènts. 15
More Music in Morecambe Company Limited by Guarantee Notes to the Flnanclal Statements Year ended 31 March 2025 General Infom)atl¢n The charlty is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of thè registered office18 13-17 Devonshlre Road. Morecambe. Lancashire, LA3 1QT. Statement of complianco These financial statements have been prepared in compliance with FRS 102, The FSnanclal Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practtce applicable to charities parIng their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland {FRS 102} {Charilies SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basis of preparatlon The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going con¢em The are no material uncertainties about the charity's ability to continue. Judgements and key sources of e5tlmatlon uncertalnty In the opinion of the Trustees there have been no Significant judgements {apart from those involving eslimalesl made In the process of applying the above accounting policies. There have been no key assumptions concerning future and other key sources of estimation uncertainty al the reporting dale that have a signrficant risk of causing a material adjusknenl to the carrying amounts of assets and liabilities within the next financial year. The Charity's key estimates are considered to be depreciation charges which are explained in the fixed asset accounting policy. In¢ome tax The charity is exempl from lax on income and gains falling within Section 505 of the Taxes Act 1988 on Section 252 of the Taxation of Chargeable Galns Act 1992 to the extent that these are applied to its charitable objects.
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements icontine Year ended 31 March 2025 Accounting policies f¢ondnu8d) Fund accountlng Unrestricled funds are available for use at the discretion of the trustees lo further any of the charivs purposes. Designated funds are unrestricted funds eamiarked by the trustees for partlcular future project or commitment. Reslricled funds are subjected to $tCtionS on their expenditure de¢lared by the donor or through the temis of an appeal. and fall into one of two sub-classes.. reslricled income funds or endowment funds. In¢oming rèsources AJI incoming resources are included in the ststemenl of financial aelivilies when enlitlemenl has passed to the charity.. il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income: income from donations or grants is recognised when there is evKl8nce of enlillement lo the grft. receipt is probable and ils amount can be measured reliably. legacy income is recognised when reipl is probable and entitlement is establish8d. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unre51ricled funds unless there is a ¢ontractual requirement for it lo be spent on a particular purpose and relumed if unspent. in which case it may be regarded as restricted. 17
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements (continuédj Year ended 31 March 2025 Ac¢ountlng pollcles (¢ondnu Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is Classified under headings of the statement of financial activities lo wh¢ch il relates.. expenditure on raising funds includes the costs of all fundraising activities. events. non- charitable trading activities, and the sale of donated goods. expenditure on charitsble activities includes 811 costs incurred by a charity in undertaking actlvilies that further its charitable aims for the benefit of ils beneficiaries. Including those support costs and Costs relating to the governance of the charity appK)rtioned to charitable activities. other expenditure indudes all expenditure that is neither related lo raising funds for the charity nor part of ils expenditure on charitable aclivilies. All costs are allocated to expenditure calegortes reflecting the use of the resource. Direct costs attributable to a singlè activity are allocated dire¢tly lo that activity. Shared costs are apportioned betsveen the aclivllies they contrfbule to on a reasonable. justifiable and consistent basis. Tangible assets With th¢ exception of property, tangible assets are initially recorded al cost, and subsequently staled at cost less any accumulated depreciation. Only items wllh a cost In excess of £250 are cafftlised. During 2017 the FTeehold propety was revalued lo market value having been subjected to professional valuation by chartered surveyors at the request of the Co-operatsve Bank. This valuation has btsèn subsequently depreciated. Depreciation Depreciation is calculated so as to writg off Ihg Cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows.. Freehold property Plant and machinery Fixtures and fittings 2Vo straight line 20Q/o straight line 20¥0 straight line Impairment of fixed assets A review for indicators of impairment is carried out at each portIng date, with the recoverable amount being eslimaled where such indicators exist. Where the carying value exceeds the recoverable amount. the asset is impaired accordily. Prior impairnents are also reviewed for possible rev¢rsal at each reporting date. 18
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements Icontinued) Year ended 31 March 2025 Accounting policies (conllnuedj Stocks Slod(s are measured at the lower of cost and estimated selling price less costs lo complete and sell. Cost includes all ¢osts of purchase. costs of conversion and other costs incurred in bringir4g the stock lo ils present location and condition. Flnanclal Instruments A financial asset or a financial liability is recognised only when the enlty becomes a paty lo the conlraclual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction cosis, unless the arrangement conslilutes a financing Iransaclion, where il is re¢LvJnised at the present value of the flrture payments dis¢ounted al a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequenuy measured al amortisgd cost. Financial assets that are measured at cost or amortised cost are revlewed for objective evider of impairment al the end of each reporting dale. If there is objective evidence of impairment, 8n impaiment loss is recognised under the appropriate heading in the slalemenl of financial activities in which the initial gain was recognised. Defined contribution plans Conlrlbullons to deflned conlribulion plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected lo be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantse Every trustee of the charity undertakes to contribute such an amount as may be required (not exceeding £11 to the charity's assets if it should be wound up while he or she is a Iruslee, or within one year after he or she ceases to be a trustee. 19
More Music in Morecambe Company Llmited by Guarantee Notes to the Flnancial Statements (cotjtlnued) Year ended 31 March 2025 Donations and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 D¢natlons Donations 11,428 11,428 17,447 17.447 Charitable actlvltles Unrestricted Funds Restricted Total Fund5 Funds 2025 Grants and contracts Fees for workshops, classes and performances Partnership income 163.519 66,182 45,292 183,800 3,600 347,319 69.782 45.292 274,993 187.400 462.393 Unreslricled Funds RestTrcled Total Funds Funds 2024 Grants and contracts Fees for workshops, class8s and performances Partn¢rship income 124.287 63.155 70.441 231.907 356.194 63.155 70.441 257.883 231.907 489.790 Additional information on material grant and contract income is detailed per the funds notg the ac¢ounts. Other trading a¢tlvltlgs Unreslricled Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Ticket sales Bar takings and mer¢handise Venue and equipment hire 8,745 3,715 20,168 8,745 3,715 20.168 21,507 6.541 12,763 21,507 6,541 12,763 32,628 32.628 40.811 40.811 Investment Income Unrestrided Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest 1.715 1,715 1,575 1,575
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 March 2025 Other income Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Management, service and technical fees Sundry income 6,683 6.863 6.683 6,863 41.810 6.968 41.810 6,968 13,546 13.546 48.778 48.778 10. Costs of ralslng donatlons and18gacios Unreslricled Total Fund$ Unreslricled Total Funds Funds 2025 Funds 2024 Other fundraising costs 5,321 5.321 6,362 6.362 11. Expenditure on charitable activities by fund type unreStrted Funds Restricted Total Funds Funds 2025 Freelance project workers Stsff Costs Hospitality costs Travel costs Te¢hni¢al and production costs Other direct costs Support costs 17.492 91,907 3,212 9.630 972 737 164,385 55.411 37.247 1,752 940 1.552 72,903 129,154 4,964 10,570 2,524 737 226.095 61.710 288,335 158.612 446.947 Unrestricted Funds Restricted Totsl Funds Funds 2024 Freelance project workers Staff costs Hospitality costs Travel costs Technical and producllon costs Other direct costs Support costs 57,923 120,222 5.995 13.028 8,076 823 191,372 74,979 33,832 4,430 2.281 132.902 154,054 10,425 15,309 12,924 2.665 256,270 1,842 64.898 397.439 187,110 584.549 21
More Music in Morecambe Company Llmited by Guarantee Notes to the Financlal Statements In*1utdj Year ended 31 March 2025 12. Analysis of support costs Total 2025 Total 2024 Staff costs Premises Communications and IT General office Governance costs Publicily and website cost5 DepCIation Consultancy and professional fees Other costs 107,239 41.416 21.285 3,917 21,316 7.220 15.972 3,205 4.525 146,246 33.802 6.927 7,160 27,287 8,004 16.133 3,651 7,060 226,095 256,270 13. Net Income Net income is staled after d)argingl{¢rediling}.' 2025 2024 Depreciation oltangible fixed assets 15,972 16,133 14. Independent 9xamlnatlon fves 202S 2024 Fees payable lo the independent examiner for.. Independent examination of the financial statements 2,600 2,500 15. Staff costs The total staff costs and gmployee benefits for the reporting period are analysed as follows- 2025 2024 Wages and salaries Social security costs Employer contributions lo pension plans 232,562 12,655 6.909 295.358 17.160 8.740 252,126 321.258 During the year the charity made severance payments of £Nil12023.' £NIII. The average head count of employees during the year was 12 {2024'. 161. The average number of fLJlI-time equivalent employees during the year is analysed as follows.. 2025 No. 2024 No. Direct and support staff 16
More Music in Morecambe Company Limited by Guarantee Notes to the Flnancial Statements (conlynuedj Year ended 31 March 2025 15. Staff costs (contlnugd) No employee recelved employee benefits of more than £60.000 during the year12024: Nill. Key Management Personnel Key management personnel include all peTSOnS that have authority and responsibility for planning, directing and controlling the activities of the charity. The lolal Compensation paid lo key management personnel for services provided lo the charity was £70,521 {2024.'£70,0361. 16. Truste& remuneration and expenses No remuneration or other benefits from employment with the tharily or a related entity were received by th8 trustees. 17. Tangible fixed as$ets Musical Instruments and equipment Fixtures, filtings and office equipment Freehold property Total Cost Al 1 April 2024 Additions 747.143 109,187 125,697 1,145 982,027 1,145 At 31 March 2025 747.143 109,187 126.842 983,172 Depreeiatlon Al 1 April 2024 Charge for the year At 31 March 2025 476,179 6,020 92,433 5.950 115,805 4,002 684,417 15,972 700.389 482,199 98,383 119.807 Carrying amount At 31 March 2025 264.944 10,804 7.035 282,783 Al 31 March 2024 270.964 16.754 9,892 297.610 During the year ended 31st March 2016, al the request of the Co-operative Bank. Sanderson Weatherall Chartered Surveyors carried out a valuation report on 13-17 Devonshire Road, More¢amba. The report dated 18th January 2016 slated that Sanderson Weatherall were of the opinion that, as an indication only, they would anticipate that the value of the premises would be in the region of £200.000 on completion of the roof works and repairs to exterior walls and windows (all other things remaining equall. The works were completed during the year ended 3151 March 2017 and the Trustees were of the opinion that tho £200,000 was reasonable. 23
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements (contlntsedj Year ended 31 March 2025 18. Stocks 2025 2024 Flnlshed goods and goods for resale 593 593 19. Debtors 2025 2024 Trade debtors Prepayments and accrued incomo 14,878 7,511 16,274 10.174 22.389 26.448 20. Credltors: amounts falling due wlthln one year 2025 2024 Bank loans and overdrafts Trade creditors Accwals and deferred income Social security and other taxes Other creditors 3.670 10.900 17,271 3,928 720 3,670 14,296 25,409 5,572 720 36,489 49,667 21. Creditors: amounts falling duè after more than ong yaar 2025 2024 Bank loans and overdrafts 15.696 18.837 The charity has made use of the Covid Bounce Back Loan Scheme as a contingency. £30.000 was drawn down on 12th November 2020. 22. Deferred income 2025 2024 Al 1 April 2024 8,789 9.105
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements Iconlinued) Year ended 31 March 2025 23. Pensions and other post retirement benefits Detined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,90912024: £8.740}. 24. Analysis of charitable funds Unrestricted fund5 At 31 March 2025 At 1 April 2024 In¢ome Expenditure Transfers Lancaster Clty Councll Arts Council England Fixed assets Garfield Weston Foundation Lancashire Music Hub Other general funds 12,800 107.552 1,145 45.000 45.292 122.521 {12,8001 1107,5521 {9,8701 {30,000} {43,792} 189,642) 1293,656} 229.237 220,512 15,000 1,500 49.630 16.751 245,988 334.310 286,642 Al 1 April 2023 At 31 March 2024 Income Expenditure Transfers L8ncasler City Council Arts Council England Ftxed assets Other general funds 12.800 107.552 4.749 241,393 366,494 112.8001 {107,5521 15,9131 {277,5361 (403,8011 229,818 52,894 583 229,237 16,751 282,712 583 245,988 25
More Music in Morecambe Company Limlted by Guarantee Notes to the Financial Statements {11#Yed) Year ended 31 March 2025 24. Analysis of Charllablo funds (¢onllnuedl Restricted funds Al 1 April 2024 At 31 March 2025 Income Expenditure Transfers Donations Revenue grants and workshop income Youth Music Lancaster City Council Francis Scott Trust Bay Medical Group The D'oyly Carte Charitable Trust LDCVS.. Minds within the bay The Dowager Countess Eleanor Peel Charitable Trust Energy Savings Trusl Foundation Francis Winham Trust Morecambe Town Council The Penhale Trust Primed for Life Masonic Charitsble Foundation 60,000 10,000 15.000 26,350 4,000 3,850 160,000} 110,000} 119,000} 122,510} 10,250 6,250 3.840 4.000 3.850 7.500 20,000 7.000 3,500 5.000 3,600 21,600 7.500 28.267 7,000 16.667 7,500 18.4001 17,5001 13.5001 5,000 3.600 21.600 21.600 121.600 Capltal grants Youth Music Spirf( of 2012 Children in Need Lancashire Environmentsl Fund Walney Trust Bruce Wake 1.815 19491 1200} 13,831} 1600} 1482} 1401 1158,612 866 184 7,345 28.800 23.156 1.920 11,176 29.400 23,638 1,960 124.390 187,400 153.178 Youth Muslc supports our year-round programme of music delivery for children and young people. including Unique Beatz. Clapping Song, Bay Youth Volces, Vocal Night and Stages. Youth Music funding also SUPfK>rts the music leader mentoring programme, CPD delivery and music industy events. The Wesl End Winter Lanlem Festival received support from Morècambe Town Councll and through UKSPF grant awarded by Lancaster City Council as part of the programme of works around More Music's building. Income from Bay Medl¢al Group supp¢xted the Young Person's Social Prescriber role. They 81s0 provided funding lo support a series of Welcome Sessions in 2024125 and 2025126 and lo extend our winter ten dates for our youth sessions in 2025126. Funds were carried forward for this purpose. 26
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements (¢onllnuedJ Year ended 31 March 2025 24. Analysls of charltable funds (wntlnu4dJ Fron¢l$ Scott Trust continues to support a programme of music and wellbeing focussed work with teenagers in Morecambe. Their ongoing funding supports Sing 11 Out. wellbeing focussed singing sessions for teenagers. Eco Collective, our young producers, group and Girls Can, sessions lo support girfs, young women and non-binary people into the music industry. Funds were carried fornard In line with the delivery schedule. LDCVS: Mlnds Withln The Bay fund provided support for a new creative music Programme for teenagers in Ihe West End of Morecambe, Sound Surge. which will be delivered in April 2025. with all fvnds being carried forward to 2025126 for Ihls programme. The D'oyly Carte Charitable Trust provided funding lo support our youth singing programmes in 2025126. All f4Jnds were carried foTwariS for this purpose. The Seagull Café. a S1&1 music programme people over 60 are socially prescribed lo attend. reiVed funding lo s¥Jpport equipment and sessions in 2024125 and 2025126 from Thè Dowager Countess Eleanor Peel Charltable Trust, Francls Winham Trust and Masonlc Charitable Foundation. Funds were carried forward to 2025126 to support the Seagull Café. A grant was received during 2024-2025 from The Penhale Fund to support On The Beal sessions for dlsabled adults in 2025-26. Funds were Carried forward accordingly. Funding was received from Primed For Life for the I See You Too earfy years partnership project in 2025126. Funds were carried forward to support this programme which will take ptace during the Summer of2025. The Enorgy Savings Trust Foundation provided funding to support The Three Degrees Festival which will take place in 2025126 and associated workshops leading up lo the festival. Sessions were delivered in 2024125 with the Eco Collective, our young producers, and in local primary schools. Funds were carried forward to 2025126 to support a further series of workshops and the festival which will take place in July 2025. The Lancashire Environmental Fund, Walney Trust and Bruce Wake funded the new kitchen and toilet development. Youth Muslc, Splrlt of 2012 and Children in Neèdad capital gran15 funded the purchase of specific equipment and instruments for use by the charity. Expenditure represents the depreciation charge in relation to these assets. The remaining fixed asset fund5 carried fOnard represents the cost of eqvipment purchased with the respectwe revenue grants. less the depreclatlon change in relation to these assets. 27
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements (conthued) Year ended 31 March 2025 24. Analysls of ¢harltable funds fconiinuedj Comparative information in r9SPgcI of the preceding perfod Is as follows: Al 1 April 2023 At 31 P41arch 2024 Income Expenditure Transfers Donatlons 2.717 {2,1341 15831 Revenue grants Youth Music Lancaster City Council Francis Scott Trust Bay Medical Group Morecambe Town Council Morecambe BID Population Health The Dowager Countess Eleanor Peel Charitable Trust Energy Savings Trust Foundation Francis Winham Trust Masonic Charitable Foundation 60,000 34,122 25.250 29.774 10,000 500 13.161 160.0001 134.1221 115.0001 129,7741 110,0001 15001 113,1611 10,250 7,500 20,000 10,000 21,600 17,5001 13,3331 12,5001 16,667 7,500 21.600 Capital grants Arts Council England Youth Music VO Skellon West End Millom Spirit of 2012 Children in Need LancashiTe Environmental Fund Walney Trust Bruce Wake 2,759 2.764 188 37 12,7591 19491 11881 {37} 12001 13,8311 16001 1482} 1401 1187.110} 1,815 15,007 30,000 24,120 2.000 11.176 29.400 23.638 1,960 80.176 231,907 (5831 124,390
More Music in Morecambe Company Limited by Guarantee Notes to the Financial Statements icontinued) Year ended 31 March 2025 25. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Nel assets 220,512 118,31S 136,489) 115,696) 286.642 62.271 90,907 282,783 209.222 136,4891 115,6961 439,820 153.178 Unrestricted Fund5 Reslricled Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors gTeator than 1 year Net assets 229,237 85,255 149,6671 118,8371 245.988 68.373 56,017 297,610 141.272 149.6671 118,837} 370,378 124,390 29
More Music in Morecambe Company Limlted by Guarantee Notes to the Financlal Statements (contlnuedj Year ended 31 March 2025 26. Analysis of Changes In net debt At Al 1 Apr 2024 Cash flows 31 Mar 2025 Cash al bank and in hand Debt dug wf(hin one year Debt due after one year 114,231 13.6701 118.8371 91.724 72.009 186,240 13,670) 115.6961 166,874 3,141 75,150 27. Related parties No invoices for professional seNices performgd for the charity were raised by the Trustees during the year12024'. £Nill. No travel costs were reimbursed to Trustees during the year {2024.. £Nil)- No material Ilonations were made by Trustees to the charity- 30