**Charity registration number 1099508 (England and Wales) Company registration number 04373867**
## **MUSIKO MUSIKA**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **MUSIKO MUSIKA**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr DJ Ayres|
|---|---|
||Ms NE Broderick|
||Mr MS Hirani|
||Ms EJ P Warwick|
||Ms JD Offner|
||Ms IC Ros López|
|**Secretary**|Ms RK Pantin|
|**Charity number**|1099508|
|**Company number**|04373867|
|**Registered office**|8 Red Square|
||Piano Lane|
||Carysfort Road|
||London|
||N16 9AW|
|**Independent examiner**|Bright Grahame Murray|
||Emperor's Gate|
||114a Cromwell Road|
||Kensington|
||London|
||SW7 4AG|
## **MUSIKO MUSIKA**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 22|
|Statement of trustees responsibilities|23|
|Independent examiner's report|24|
|Statement of financial activities|25|
|Balance sheet|26|
|Notes to the financial statements|27 - 37|
MUSIKO MUSIKA
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Musiko Musika
Our vl$lon 1$ the ¢ullures and mu$l¢ of dlfferent ¢ommunltl¢$ ¢ontrlbul¢ lo the future of a $o¢lety that
respects the right of everybody to live in a peaceful world in a sustainable and equitable manner.
Our Mlsslon Is to gÈnèrate happy, safÈ and trustlng Ènvlronmènts for pÈople of all a9 and orlglns to
share, learn and engage with music, eufture, and creativty as continuous lrfe-long processes.
"I was very impross&d when wo did our conc&rt in Southampton. 11 was lovoly looknng out and sng the audi8nc&
was full of all races and all ages. It was certainly not what we d nom7ally see at the choir concerts we do. It was
great to see a posrtive respons& from a large range of people. That was quite special.
"I think involving refugees in the project consolidated some of the Gultural variety that is hare this country. 11 nant
Ihal the pgoplg who Game to the concert Gould feel welcome and that everyone fits in in all sorts of different ways. I
think th81 s very hgartening.-
Tony. SWVG volunteÈr & SWVG Choir participant
surtle Concert, Whilcljurch Dec8mber2024
Photo credit Richard Gearey
R¢port ol th• trust¢¢$ for th• y•ar ended 31 St Mar¢h 2025
The trustees are pleased to present their report together with the finanual statements of the charity Musiko Musika
IChaTlty Commission registered number 1099508 principal address 8 Red Square, 3 Piano Lane, Carysfort Road
London N16 9AW) for the year beginning 1 April 2024 and ended 31 March 2025.
Thè financial ststèmants havè baèn preparèd in aceordanca with thè accounting policies sat out in note 1 to the
financial statements and eomply with the Charity's Igoveming documentl, the Companies Act 2006 and "Accounting
and Reporting by Charf(ies'. Statement of Recommended Practice applicable to Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and RepLbblic ol Ireland {FRS 1021"
(effective 1 January 2019}.
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Section 1 Legal and administrative information**
The objects for which Musiko Musika is registered are:
- to promote, maintain, improve and advance cultural and musical education in the community, particularly education of students attending schools or other educational establishments and other young people particularly by the encouragement of the Art of Music with special reference to the education and training of young musicians, pupils who have or may discover musical gifts or aptitude and other persons likely to benefit therefrom, the practice and provision of music and musical studies; and
- the creation, encouragement, teaching and performance of music including, without limitation, the acquisition and provision of facilities, instruments, scores and other means of performance and study and places for such purposes and any other matters which can be achieved by charitable means for charitable objects.
## **Investment powers**
Under the articles of association, the charity has the power to make any investment, which the trustees see fit.
## **Professional advisers**
Accountant and Independent Examiner: Paul Davis, Bright Grahame Murray, Emperor's Gate, 114a Cromwell Road, Kensington, London, SW7 4AG.
Bank: Lloyds Bank.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Section 2 Trustees and Governance**
## **Organisation**
A board of trustees who meet quarterly, administers the charity. All trustees are appointed by resolution of the existing trustee body. There are no custodian trustees.
|**Name of Trustee**|**Dates during which the**
**named trustees acted if**
**not for whole period of this**
**report**|
**Names if directors of**
**any**
**corporate**
**charity**
**trustee at the date of this**
**report**|
**Name of person (or**
**body)**
**entitled**
**to**
**appoint any charity**
**trustee**|
|---|---|---|---|
|David Ayres|||Trustee resolution|
|Niamh Broderick|||Trustee resolution|
|Mansukhlal Hirani|||Trustee Resolution|
|Juliet Offner|||Trustee resolution|
|Isabel Ros-López|||Trustee resolution|
|Judith Skinner|Resigned 17/1/25||Trustee resolution|
|Martina Vernon|Resigned 11/7/24||Trustee resolution|
|Elanor Warwick(Chair)|||Trustee resolution|
- 2 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Section 3 Activities and Achievements**
## **A report from the Joint Artistic Directors consisting of a review of the activities and progress on our Key Performance Indicators during the period 2024 / 2025 and an overview of future developments**
Musiko Musika continues to be artistically directed and managed by Mauricio Venegas-Astorga and Rachel Pantin, founders of the organisation, and has been an Arts Council England National Portfolio Organisation since April 2012 with a new funding agreement in place for the NPO period 2023-26, now with an extension year to 2027. Since April 2015 the organisation has had a base for its work at the Lyric Hammersmith and is one of a group of 9 partner organisations working with the Lyric, creating the biggest cultural hub for children and young people in West London. We also have a partnership with London Metropolitan University for an initial five-year period 2022-27 as part of the university’s London Met Labs. Our patrons are Baroness Christine Crawley, Baroness Gabrielle Bertin, Martin Morales and Richard Harvey.
The roots of the organisation are in Quimantu, the Anglo-Chilean band that was founded by Mauricio VenegasAstorga in 1981. Quimantu has always had a social and cultural mission that extends beyond the band’s work in creating, performing, and recording music. In 1998 that mission took shape as a new organisation – Musiko Musika – an organisation that could work in parallel to Quimantu, reaching further than the band could alone, engaging children, young people, families and the community with music as a powerful agent for social change, as a tool for increasing our understanding of each other, and as means of giving creative and cultural expression to our lives.
Our three full time staff of two Artistic Directors and Assistant Director work closely with a team of highly skilled and culturally diverse freelance musicians and artists. Each person brings with them specific expertise and experience and with the talent pipeline of ECCO our projects also benefit from a wide range of ages. The team has expanded this year to welcome new musicians who have strengthened our offer and we continue to invest in the development of MM’s team through training and skills sharing opportunities.
- 3 -
**TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **MUSIKO MUSIKA**
## **Headline achievements 2024-25**
## **The Sur8erra Touring Project**
- ✦ In September 2024 we began delivery of the Sur:erra Touring Project. With more than 200 community singers involved, this large-scale project harnesses Musiko Musika’s par:cipatory and grassroots engagement with Quimantu’s touring and performance skills crea:ng a series of ten spectacular concerts across the south, south west and London from December 2024 to June 2025. Working in this way with local partners and community choirs, including SWVG Refugee group is proving to be a great organisa:onal development opportunity and is opening exci:ng new avenues for future collabora:ons.
## **AND Primary Arts Touring**
- ✦ 2024, we were delighted to be commissioned by AND to be part of the programme in 2025. Delivering concerts, workshops and CPD for each school visited our model had evolved since the pilot to include some music technology alongside more tradi:onal instruments and singing. Our programme :tled “From the Incas to Silicon Valley” was delivered in ten schools right across Greater London, taking us from Beckton to Hillingdon, Harrow to Croydon.
## **ECCO progression routes and employment**
- ✦ Our on-going investment in progression routes and employability skills for young people through the ECCO programme, including the ECCO Young Leaders has had a great year. We have had our youngest musician yet taking a paid coaching role on our peer coaching scheme. Aged 13, Nickolás is an ins:nc:ve teacher and is fast developing into his role in coaching percussionists in Cumbia and Cuban Son paaerns. And we once again provided an employment opportunity for a young musician, Daniel Agcaoili from our Young Leaders group, to work on the team for the AND touring project.
## **ECCO Young Leaders Concert**
- ✦ In this new ini:a:ve the ECCO Young Leaders planned and produced their own concert which took place at the end of the spring term in the Lyric Hammersmith Studio Theatre on 12th April 2025. Featuring their own composi:ons produced through the music produc:on workshops with Juan Contento, the programme included solo and band performances. Taking responsibility for all aspects of the concert including the technical prepara:ons, programme design, promo:on and :cket sales was an invaluable experience for the young people involved.
## **Voces Fes8val 2024**
- ✦ The Voces Fes:val this year celebrated 15 years of the ECCO and showcased the music and crea:vity of the children and young people we work with over three concerts on 19th and 20th July. The Friday acernoon Sing Songo Family Concert was a joyful event for under fives, with the evening ECCO concert showcasing the musical talents of the ECCO young musicians. For Saturday’s evening concert by Quimantu we welcomed as guest musician one of our patrons, the composer Richard Harvey and the final numbers featured the ECCO playing alongside Quimantu and Richard.
- 4 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Partners and funders for 2024/25**
range of partners we have worked with during the year including:
## **Funders**
Arts Council England Comic Relief The Foyle Founda@on A New Direc@on And a number of private trusts and generous individual donors
## **Partners and collaborators**
London Metropolitan University The Lyric Hammersmith A New Direc@on Hammersmith & Fulham Library Service Hammersmith & Fulham Early Years Service Piota Andover Museum LoL Singers SWVG Refugee support group WemsFest Artsreach Palida Choir Cloud 9 Chorus Starks Field Primary School Bayonne Nursery
ECCO orchestra with MM patron Richard Harvey, Voces Fes@val 2024 _Photo credit: Julio Etchart_
- 5 -
**TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **MUSIKO MUSIKA**
## **From our Business Plan for the period April 2022 to March 2027:**
We undertook a major review and update of our Business Plan and planning documents in 2022. These have been designed to integrate with Arts Council England’s planning and monitoring tools and structures (Ac:vity/ Outcomes Plan and Investment Principles) and reflect our commitment to the Let’s Create agenda. This report considers our progress and achievements against KPIs measuring delivery of our organisa:onal mission, vision and aims.
## **High-level strategy for 2022-27**
- ✦ Consolidate our ac:vi:es and brand iden:ty around two strands: WMA and Sing Songo
- ✦ and values
- ✦ Ensure our work supports and is relevant to the social and cultural needs of the people and communi:es we work with in the post-pandemic era
- ✦ Provide a deeper musical and cultural experience to more people
- ✦ Create a suppor:ve inter-genera:onal, inter-cultural community in the organisa:on and our work
- ✦ Embed digital development, youth leadership and environmental sustainability in our organisa:onal development, programme delivery and ar:s:c development
## **Aims**
1) Create opportuni:es for the diversity of cultures and talent in our communi:es to be valued and respected
- 2) Improve the social and educa:onal outcomes for the children, young people and families we work with
- 3) Improve the wellbeing and mental health of our par:cipants, audiences and team
- 4) Improve and extend/ strengthen equality of access and opportuni:es to par:cipate in, perform and experience high quality music, par:cularly for people from underrepresented backgrounds
- 5) Scale up our reach and deepen our impact through our work in digital & content produc:on
- 6) Create pathways for young people to access high quality music educa:on with progression routes into the music industry
- 7) Reduce the environmental impact across all our ac:vi:es
## **Ac8vity strands:**
There are two main strands to Musiko Musika's programme of work:
The **World Music Academy** strand provides world music programmes through par:cipatory projects, the Voces Fes:val, performances, residencies, training and touring projects and the ECCO (Ethnic Contemporary Classical Orchestra) ensembles for young people.
The **Sing Songo** projects work in the UK and in Chile with children at early years, primary and secondary level as well as with families and teachers, using music to support the development of strong speech and language skills and other areas of the curriculum including personal, social and emo:onal development.
**Digital** : Both strands are supported by an extensive digital resource of videos, audio, publica:ons and our apps available for Apple and Android devices (Sing Songo and World Music Academy).
- 6 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Key Performance Indicators Review 2024-25**
_Our vision is……. the cultures and music of different communi:es contribute to the future of a society that respects the right of everybody to live in a peaceful world in a sustainable and equitable manner._
_Our mission is….. to generate happy, safe and trus:ng environments for people of all ages and origins to share, learn and engage with music, culture, and crea:vity as con:nuous lifelong processes._
## _**Aim 2**_
## _**Aim 1**_
Create opportuni:es for the diversity of cultures and talent in our communi:es to be valued and respected
Improve the social and educa:onal outcomes for the children, young people and families we work with
## _**Aim 3**_
Improve the wellbeing and mental health of our par:cipants, audiences and team
## _**Aim 5**_
## _**Aim 4**_
Improve and extend/ strengthen equality of access and opportuni:es to par:cipate in, perform and experience high quality music, par:cularly for people from underrepresented backgrounds
Scale up our reach and deepen our impact through our work in digital & content produc:on
_**Aim 7**_ Reduce the environmental impact across all our ac:vi:es
## _**Aim 6**_
Create pathways for young people to access high quality music educa:on with progression routes into the music industry
- 7 -
## **MUSIKO MUSIKA**
**TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
## _**Aim 1**_
Create opportuni:es for the diversity of cultures and talent in our communi:es to be valued and respected
**Primary KPI Secondary KPI(s)** Depth and quality of Numbers of sessions, the programmes and events, par:cipants events we develop and audience; and deliver as set out demographics of in Ac:vity Plan par:cipants and audiences; as set out in Ac:vity Plan
@ _Our vision is……. the cultures and music of different communi:es_ @ _contribute to the future of a society that respects the right of everybody to live in a peaceful world in a sustainable and equitable manner. Our mission is….. to generate happy, safe and trus:ng environments for people of all ages and origins to share, learn and engage with music, culture, and crea:vity_ @ _as con:nuous life-long_ @ e _processes._
## **Evidence, commentary and progress**
We delivered par:cipatory ac:vi:es and concerts, training and development across our two main strands **World Music Academy and Sing Songo** (formerly Sing & Learn).
**Audience feedback from the Voces Fes8val 2024:** How would you rate your experience overall?
- 8 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
## _**Aim 1**_
Create opportuni,es for the diversity of cultures and talent in our communi,es to be valued and respected
**Evidence, commentary and progress cont’d.**
## **270 parCcipatory sessions**
## **2,535 audience for concerts**
Ac,vity reaching communi,es from our base at the **Lyric Hammersmith** ; within the surrounding area of **Hammersmith and Fulham** , focussing on areas of socio-economic disadvantage; schools across Greater London covering 11 London Boroughs; universi,es in **Southampton** , and London ( **London Metropolitan University** ); the Sur,erra Touring Project working with refugees in **Southampton** and diverse communi,es including **rural communiCes and other areas of local cultural engagement** ; young instrumentalists summer course in **Surrey** .
In addi,on to children, young people
## **19 concerts**
and families we worked with refugee
groups, university students and community singers.
## **The SurCerra Touring Project**
_“Doris, from El Salvador, explained to me how the event was a wonderful opportunity for the interchange of experience between refugees and non-refugees._
_experience. Doris added ‘the song helps you to understand the suffering of the refugee but at the same Ame the ability of the individual to overcome’._
_professional musicians. And Ali from Iraq was excited to ‘feel the freedom!’ For me personally it was a truly upliNing end to the year.”_
## **Steve, SWVG volunteer & SWVG Choir parCcipant**
> **Pupil feedback from the AND Primary Arts Touring programme:** Today | found out...
- 9 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
_**Aim 2**_ Improve the social and educa:onal outcomes _Our vision is……. the cultures and music of different communi:es_ for the children, young people and families we _contribute to the future of a society that_ work with _respects the right of everybody to live in a peaceful world in a sustainable and equitable_ **Primary KPI** _manner._ Impact/ outcomes of the projects we develop _Our mission is….. to generate happy, safe and_ and deliver as set out in project plans _trus:ng environments for people of all ages and origins to share, learn and engage with music, culture, and crea:vity as con:nuous life-long processes._
## **Evidence, commentary and progress**
## **Sing Songo (Project Report July 2024)**
sessions and the ac:vi:es had been **a key factor in her child overcoming his ini8al developmental difficul8es in language development** . She told us with great pleasure of how well he has integrated into nursery where he is now flourishing.
**82% of them (parents) agreed that the music sessions helped them support their child’s learning and development and 73% agreed that the sessions gave them ideas and confidence to try out songs and ac8vi8es at home.**
##
_language.”_
**Teacher feedback from the AND Primary Arts Touring programme:**
- 10 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
## _**Aim 2**_
Improve the social and educa:onal outcomes for the children, young people and families we work with
**Evidence, commentary and progress cont’d.**
MM musicians performing during the AND Primary Arts Touring programme _Photo credit: Andy Paradise for A New Direc:on_
## **Pupil feedback from the AND Primary Arts Touring programme:**
- 11 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
## _**Aim 3**_
Improve the wellbeing and mental health of our par:cipants, audiences and team
## **Primary KPI**
Impact/ outcomes of the programmes, projects and events we develop and deliver as set out in project plans
## **Evidence, commentary and progress**
@ _Our vision is……. the cultures and music of different communi:es_ @ _contribute to the future of a society that respects the right of everybody to live in a peaceful world in a sustainable and equitable manner._
_Our mission is….. to generate happy, safe and trus:ng environments for people of all ages and origins to share, learn and engage with music, culture, and crea:vity_ e _as con:nuous life-long_ e @ _processes._
## **Pupil feedback from the AND Primary Arts Touring programme:**
## **Par8cipant feedback the Sur8erra Touring Project**
_“The song I iden:fy with most is ‘Pueblo del Alma’ (People of my Soul). It means a lot to me._
_“It feels super good to be part of the group. Even though we speak different languages, we’re like a family. And for those of us who have lived through this situa:on, it’s an opportunity to express our emo:ons. It transforms me and transports me to a different world where there are no limits or social imposi:ons. It’s as if we’re one voice.”_ Doris Monchez a client of SWVG, refugee from El Salvador
Audience feedback on Sur:erra Concerts
- 12 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
## _**Aim 4**_
Improve and extend/ strengthen equality of access and opportuni:es to par:cipate in, perform and experience high quality music, par:cularly for people from underrepresented backgrounds
## **Secondary KPI(s)**
**Primary KPI**
Demographics of Depth and quality of par:cipants and the programmes and audiences; numbers events we develop of sessions, events, and deliver as set out par:cipants and in Ac:vity Plan audience; as set out in Ac:vity Plan
@ _Our vision is……. the cultures and music of different communi:es_ @ _contribute to the future of a society that respects the right of everybody to live in a peaceful world in a sustainable and equitable manner. Our mission is….. to generate happy, safe and trus:ng environments for people of all ages and origins to share, learn and engage with music, culture, and crea:vity_ @ _as con:nuous life-long_ @ ° _processes._
## **Evidence, commentary and progress**
**181 workshops/ par8cipatory sessions 62 Crea8ve skills and work placement sessions for ECCO and ECCO Young Leaders**
**23 CPD/ learning/ training sessions**
Sing Songo and Sur:erra workshops _Photo credits: Musiko Musika_
- 13 -
**TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **MUSIKO MUSIKA**
**KPI Review 2024-25**
_**Aim 4**_ Improve and extend/ strengthen equality of access and opportuni:es to par:cipate in, perform and experience high quality music, par:cularly for people from underrepresented backgrounds | **Evidence, commentary and progress cont’d.**
**Who are we reaching? The profile of par8cipants and audiences:**
With its focus on social and cultural inclusion currently 84% of the young musicians involved are from backgrounds other than white European and the ensemble also includes and promotes opportuni:es for young people with SEN.
shows 41% are in lower/ intermediate occupa:ons/ full :me educa:on.
58% of respondents from the Voces Fes:val Concert audience were from backgrounds other than ‘White Bri:sh’.
Sur:erra Concert December 2024 _Photo credit: Richard Gearey_
Voces Fes:val July 2024 _Photo credit: Julio Etchart_
## **Workforce development**
The depth and quality of the programmes and events we develop and deliver is dependent on the talent and exper:se of the organisa:on’s core team and the freelance musicians and other ar:sts that work with us. Our workforce development is rooted in the ECCO progression pathways we provide for young musicians and reflects our holis:c and inclusive approach.
our projects. Providing well resourced and meaningful employment for the many freelance musicians who work with us, suppor:ng and nurturing their development and progression both informally through side-by-side delivery and mentoring, and formally through training and development sessions, is also an important part of our role and contribu:on to the infrastructure of cultural talent available in the country.
- 14 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
**----- Start of picture text -----**
Aim 5
**----- End of picture text -----**
**----- Start of picture text -----**
Scale up our reach and deepen our impact
through our work in digital & content
produc:on
**----- End of picture text -----**
## **Primary KPI**
Range, quan:ty and quality of digital content produced; numbers reached; as set out in Ac:vity Plan
@ _Our vision is……. the cultures and music of different communi:es_ @ _contribute to the future of a society that respects the right of everybody to live in a peaceful world in a sustainable and equitable manner._
_Our mission is….. to generate happy, safe and trus:ng environments for people of all ages and origins to share, learn and engage with music, culture, and crea:vity as con:nuous life-long_ e@ t ) _processes._
## **Evidence, commentary and progress**
## **11,300 plays of audio and video on our channels**
## **13 new audio tracks released**
## **20 videos produced and released**
## **A complete set of new choir resources for the Misa de los Mineros released for the Sur8erra Touring Project**
- 15 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
_**Aim 6** Our vision is……. the cultures_ Create pathways for young people to access _and music of different communi:es_ high quality music educa:on with progression _contribute to the future of a society that_ routes into the music industry _respects the right of everybody to live in a peaceful world in a sustainable and equitable manner._
**Primary KPI Secondary KPI(s)** _Our mission is….. to generate happy, safe and_ Provision of targeted Outcomes for young _trus:ng environments for people of all ages_ ac:vi:es and projects people _and origins to share, learn and engage with music, culture, and crea:vity_ as set out in Ac:vity _as con:nuous life-long_ Plan _processes._
## **Evidence, commentary and progress**
**7 young musicians on ECCO Young Leaders programme producing, recording and performing their own music tracks**
**ECCO young musicians undertaking paid work experience as instrumental tutors**
**2 young musicians employed in the Musiko Musika team for touring projects of concerts and workshops in 12 primary schools**
**ECCO Young Leaders planning and producing their own ECCO New Gen Concert at the Lyric Hammersmith**
_“Being a part of the delivery team for A New Direc:ons Primary Arts Touring was a really good learning experience. The support of the senior members of the Musiko Musika team was super helpful in making me comfortable in how to approach the presen:ng of the instruments I played guiding me through it._
_It was like a full circle moment because that was me back in the day, I would be in the audience watching Musiko Musika perform and do the workshops and then all of a sudden I’m on the other side with a different perspec:ve. It felt good to give something back.”_
**Daniel Agcaoili ECCO Young Leader**
- 16 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
_**Aim 6**_ Create pathways for young people to access high quality music educa:on with progression routes into the music industry | **Evidence, commentary and progress cont’d.**
_"Musiko Musika has helped me because I have been able to connect with other likeminded young people. It is way to share different cultures through music. I have also learnt skills about playing together and music produc:on which has been very helpful in making my ar:s:c ideas come to life. It has been a great opportunity. I also did work experience through Musiko Musika which was very helpful."_ **Nicolás Olmos ECCO Young Leader**
This year the ECCO Young Leaders programme has focused on the young musicians developing employability skills and work experience through planning, producing and delivering their own concert at the Lyric Hammersmith.
They have also been trained and supported to deliver sessions as instrumental tutors, coaching young members of the ECCO, and one young ECCO musician worked with the MM team to deliver workshops in percussion for the Cello Dynamites summer course in Surrey.
ECCO New Gen Concert _Photo credit: Nickolás Rodriguez_
## **Teacher feedback from the AND Primary Arts Touring programme**
- 17 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **KPI Review 2024-25**
_**Aim 7** Our vision is……. the cultures_ @ Reduce the environmental impact across all our _and music of different communi:es_ @ ® _contribute to the future of a society that_ ac:vi:es _respects the right of everybody to live in a_ @ _peaceful world in a sustainable and equitable manner._ **Primary KPI** @ _Our mission is….. to generate happy, safe and_ As set out in MM’s Environmental Policy and _trus:ng environments for people of all ages_ @ Ac:on Plan _and origins to share, learn and engage with music, culture, and crea:vity_ @ _as con:nuous life-long_ @ @ _processes._
## **Evidence, commentary and progress**
Our carbon footprint measured using the Crea:ve Green Tools provided by Julie’s Bicycle was 7 tonnes of CO2e for 2024-25 (4 tonnes CO2e for 2023-24). This equates to just over 25kg of CO2e for each par:cipatory session delivered in 2024-25 (17kg for 2023-24). The data reflec:ng the increased travel involved in touring work outside of London.
**Data for previous year for comparison:**
## **Our priori8es for Environmental Responsibility 25-26:**
Use the training and carbon literacy tools to iden:fy what we have capacity to count and what we are comparing with; baseline our scope 1 and scope 2 carbon footprint; engage our board and team with upda:ng our Ac:on Plan and setng a reduc:on target; engage and update ECCO par:cipants with the issues.
- 18 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Structure, governance and management Equality, diversity and inclusion**
The core principle at the heart of Musiko Musika’s EDI approach is that human beings are all equal, with empathy being the baseline for ensuring that our EDI policy is implemented across our work and throughout the organisation. Our EDI Policy and Action Plan set out our commitment to the principle that equality of opportunity and access, diversity of representation, provision and participation and inclusion are a continuous process of development and understanding for the organisation. Our guiding values:
- Acceptance of difference
- Flexibility
- Communication
- Connection
In response to the evolution of the social, political and cultural environment in which we live and work we continue to work to three key themes in our Action Plan that will have an impact on equality, diversity and inclusion in the work of the organisation and music, culture and education in the wider world. These are: Theme 1: Accessibility
Theme 2: Inclusion beyond cultural diversity
Theme 3: Youth leadership & youth representation
Our EDI Action Plan is supported by and works in parallel with the Inclusivity and Relevance strand of our Arts Council Investment Principles Plan. Our 3-year ambition (2023-26) for the Inclusivity and Relevance Investment Principle is as follows:
“We have a deeply embedded sense of inclusion in our work and practises and will have codified our approach and systems in EDI that keep our work relevant so we can maintain and replicate these as MM grows and develops; we will share them externally as a leader on inclusive practice in our sector.”
In 2024/25 our staff and freelance artists extended to 27 people, of whom 63% are from backgrounds other than white European. We continue to strive to address through the provision of technology and support as well as in the design and production of our apps and digital content the barriers to inclusion that are embedded in society. With our partners we are also addressing equality of opportunity and access in the socio-economic diversity of the communities that we reach
- 19 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Environmental statement**
Musiko Musika’s Environmental Policy is a statement of our commitment to help reduce the impact of our activities on the environment based upon the following principles of:
- integrating sustainability considerations into all our business decisions;
- minimising the impact on sustainability of all office and transportation activities;
- reviewing, annually reporting, and to continually strive to improve our sustainability performance.
The policy is supported by an Environmental Action Plan.
Our annual environmental report for 2024/25 (from data submitted to Julie’s Bicycle’s Creative Climate Tools) shows emissions of 7 tonnes CO2 (emissions in 2023/24 were 4 tonnes). Emissions have increased compared to the previous year with a greatly increased delivery of project activity outside London. The use of a hybrid car with average fuel consumption of 148 mpg and 11KWh/ 100km has also had a positive effect on our emissions. Participation in the International Touring and Environmental Responsibility Programme will increase skills and capacity in the organisation to successfully implement our Environmental Action Plan.
Energy for the office (electricity) continues to be supplied by a 100% renewable energy provider. We note that we have been informed by Julie’s Bicycle that due to the way in which data on electricity is currently collected and measured (across the country) and then reported elsewhere it is not possible for the reduced emissions from using a 100% renewable energy provider to be reflected in our carbon footprint.
Our 3-year ambition 2023-26 for Arts Council England’s Environmental Responsibility Investment Principle is as follows:
“Our significant artistic and organisational development ambitions around environmental sustainability will be supported by the skills, knowledge and capabilities in the organisation (team and board) and external partnerships to inform the development of our programming and new business models.”
- 20 -
## **MUSIKO MUSIKA**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Section 4 Policies**
## **Reserves policy and risk management (Grant making policy, and investment selecting policy are not applicable)**
As last year, Musiko Musika’s financial position continues to be stable despite very challenging economic and funding landscape for the arts. Despite this, income has increased reflecting the extent to which the quality of the work is being recognised by funders. This additional resource is being carefully deployed to fulfil the strategic objectives of the organisation and to reach out to the vulnerable and diverse groups that Musiko Musika works with, ensuring that the life affirming musical experiences the organisation excels at continue to be available.
The extension for a further year of Arts Council England National Portfolio Organisation funding into 2026/27 gives a welcome base of stability for core costs. The range of external funding is echoed in the diverse range of practical partnerships, which continue to introduce new connections into the family of longer-term collaborators. All of which enrich Musiko Musika’s impact and activities beyond financial benefit, through effective collaborations and supportive alliances.
Through careful management reserves targets of holding at least two months operational budget as a sufficient financial buffer have been maintained.
Risk management is undertaken through regular reviews of the financial position of the organisation and monitoring the comprehensive Risk Register alongside ACE’s approach to risk assessments. These are an important opportunity to review and ensure that the appropriate mitigating actions are in place to strengthen Musiko Musika and secure its successful operation and delivery of its mission. These procedures are now well-established and alongside the organisation’s strong project management skills we can ensure that we deliver high quality educational and cultural experiences whilst potential risks are mitigated, and new business avenues are constantly being explored.
## **Trustees’ responsibilities in relation to the financial statements**
Company law requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 1985. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Accountant**
_The trustees agree to the reappointment of Paul Davis of Bright Grahame Murray as accountant._
## **Section 5 Signature and Declaration**
**I declare in my capacity of charity trustee that the trustees have approved the above: and have authorised me to sign it on their behalf.**
## **Elanor Warwick (Chair)**
## **Date:**
- 21 -
MUSIKO MUSIKA
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Ms EJ P
Trust••
Dale..
## **MUSIKO MUSIKA**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees, who are also the directors of Musiko Musika for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 23 -
## **MUSIKO MUSIKA**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSIKO MUSIKA**
I report to the trustees on my examination of the financial statements of Musiko Musika (the charity) for the year ended 31 March 2025.
## **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.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
- 4 the financial statements 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
**Paul Davis FCA Independent Examiner Bright Grahame Murray** Emperor's Gate 114a Cromwell Road Kensington London SW7 4AG
Date: 11 August 2025
- 24 -
## **MUSIKO MUSIKA**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
47,796
182,916
Charitable activities
**3**
42,585
-
Investments
**4**
235
-
**Total income**
90,616
182,916
**Expenditure on:**
Charitable activities
**5**
90,142
165,432
Other expenditure
3,210
-
**Total expenditure**
93,352
165,432
**Net income/(expenditure) and**
**movement in funds**
(2,736)
17,484
**Reconciliation of funds:**
Fund balances at 1 April 2024
30,327
5,165
**Fund balances at 31 March**
**2025**
27,591
22,649|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
230,712
27,560
148,795
42,585
21,086
-
235
291
-
273,532
48,937
148,795
255,574
77,229
150,850
3,210
1,272
-
258,784
78,501
150,850
14,748
(29,564)
(2,055)
35,492
59,891
7,220
50,240
30,327
5,165|**Total**
**2024**
**£**
176,355
21,086
291
197,732
228,079
1,272
229,351
(31,619)
67,111
35,492|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 25 -
MUSIKO MUSIKA
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Flxod ••••ts
Tan9118 888èts
11
7.058
31.982
Currnnt a8•0ts
Slo¢ks
Debtor8
Cash at bank 4nd in hand
12
13
4,865
9,694
57,553
174
12.491
38,721
72,112
51,388
Crodltorn: •mount• f•lllng du• *lthln
one yr
16
127.6241
125,765)
N•t currnnt aM•ts
44.488
25,621
Totsl ••••ts IM• currnnt Il•blllll••
51.544
57,603
Crndltor•: amounts f*lllng du• •ft•r
mor• th•n on• ye•r
17
{1.3041
122,1111
Not •M•ts
50.240
35,492
Th• lund• ofth• ¢h•Aty
Restricted income fvnds
Unr8$trithd funds
21
19
22,849
27,591
5,185
30,327
50.240
35,492
The mpanY is enliued to the exemption frryn Ihg awlit rwuiremwl ¢%tsIned In *tIon 477 of tm Comp•nle8 Act
20C6. the year ended 31 March 2025.
The director acknowd9&S her respon$bt4'1ities for crylying W1h the requirements of the Compari88 Act 20LX wlth
respect to a¢¢ounting r•¢ords and the preparation of financaal ststents.
The members have not r•quir•d lh• company to otwn •LKIt ol its finanoal 8tatsmerits for tho yèar in qu08tiM In
accordance with s•ction 476.
Th¢¥e ffinancyal 8tatomonts ho I)ft preparnd in a&>xdar vlilh the wovmior aFWicatA• to 0panieS wbje
to the Small companies regimè.
The finc4a1 staleThnts ¥wr• apwov•d by the tru8tee8 ......... ........ ..
Ms EJ P
Trus
Company registration number 04373867 IEngkrKI 108)
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Musiko Musika is a private company limited by guarantee incorporated in England and Wales. The registered office is 8 Red Square, Piano Lane, Carysfort Road, London, N16 9AW, UK.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 27 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 33% Reducing balance basis Fixtures and fittings 25% Reducing balance basis Office Equipment 33% Straight line basis Motor vehicles 20% Straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 28 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.13 Leases**
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.
- 29 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **2 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
47,796
1,532
Grants
-
181,384
47,796
182,916|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
49,328
27,560
6,750
181,384
-
142,045
230,712
27,560
148,795|**Total**
**2024**
**£**
34,310
142,045|
|---|---|---|
|||176,355|
## **3 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Music Workshop Fees**|||
|Sale of goods|40,147|17,952|
|**Sale of Musical Goods**|||
|Sale of goods|1,553|743|
|**Performances**|||
|Sale of goods|885|2,391|
||42,585|21,086|
## **4 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Other income|235|291|
- 30 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **5 Expenditure on charitable activities**
|**Direct costs**
Staff costs
Depreciation and impairment
Website and app costs
Project costs
Travelling
Insurance
Communication and stationery
DBS Checks
Payroll costs
Bank charges
**Share of support and governance costs (see note 6)**
Support
Governance
**Analysis by fund**
Unrestricted funds
Restricted funds|**Total**
**2025**
**£**
140,475
10,624
9,120
67,866
11,760
2,448
2,495
314
300
181
245,583
7,039
2,952
255,574
90,142
165,432
255,574|**Total**
**2024**
**£**
125,911
7,970
13,796
60,021
7,940
3,618
969
290
276
130|
|---|---|---|
|||220,921
4,492
2,666|
|||228,079|
|||77,229
150,850|
|||228,079|
- 31 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**6**
**Support and governance costs**
**Support**
**costs**
**Governance**
**costs**
**2025**Support costs Governance
costs
**£**
**£**
**£**
£
£
Office expenses
340
-
340
1,315
-
Project costs
-
-
-
50
-
Fundraising and
advertising
6,699
-
6,699
3,127
-
Legal and professional
-
288
288
-
504
Independent examiner
fees
-
2,452
2,452
-
1,993
Other governance costs
-
212
212
-
169
7,039
2,952
9,991
4,492
2,666
Analysed between activities
Fundraising
-
-
-
-
-
Trading
-
-
-
-
-
Charitable activities
7,039
2,952
9,991
4,492
2,666
7,039
2,952
9,991
4,492
2,666
**7**
**Net movement in funds**
**2025**
**£**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
2,160
Depreciation of owned tangible fixed assets
10,624
Loss on disposal of tangible fixed assets
2,351|2024
£
1,315
50
3,127
504
1,993
169|
|---|---|
||7,158|
||-
-
7,158|
||7,158|
||**2024**
**£**
2,160
7,970
-|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **9 Employees**
The average monthly number of employees during the year was:
|**2025**|**2024**|
|---|---|
|**Number**|**Number**|
|3|3|
- 32 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**9**
**Employees**
**Employment costs**
Wages and salaries
Other pension costs|**(Continued)**
**2025**
**2024**
**£**
**£**
136,365
123,912
4,110
1,999
140,475
125,911|**(Continued)**
**2025**
**2024**
**£**
**£**
136,365
123,912
4,110
1,999
140,475
125,911|
|---|---|---|
|||125,911|
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
## **10 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **11 Tangible fixed assets**
|**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Office**
**Equipment**
**£**
**£**
**£**
**Cost**
At 1 April 2024
8,517
227
36,098
Additions
1,787
-
1,711
Disposals
(3,462)
-
(21,517)
At 31 March 2025
6,842
227
16,292
**Depreciation and impairment**
At 1 April 2024
5,132
227
28,589
Depreciation charged in the year
1,289
-
3,622
Eliminated in respect of disposals
(2,860)
-
(19,694)
At 31 March 2025
3,561
227
12,517
**Carrying amount**
At 31 March 2025
3,281
-
3,775
At 31 March 2024
3,385
-
7,509
**12**
**Stocks**
Stocks|**Motor**
**vehicles**
**£**
31,662
-
(31,662)
-
10,574
5,713
(16,287)
-
-
21,088
**2025**
**£**
4,865|**Total**
**£**
76,504
3,498
(56,641)|
|---|---|---|
|||23,361|
|||44,522
10,624
(38,841)|
|||16,305|
|||7,056|
|||31,982|
|||**2024**
**£**
174|
- 33 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
**14**
**Loans and overdrafts**
Bank loans
Payable within one year
**15**
**Finance lease obligations**
Future minimum lease payments due under finance leases:
Within one year
Within two and five years
**16**
**Creditors: amounts falling due within one year**
**Notes**
Bank loans
**14**
Obligations under finance leases
**15**
Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
9,694
-
9,694
**2025**
**£**
9,304
8,000
**2025**
**£**
-
-
-
**2025**
**£**
8,000
-
3,919
947
14,758
27,624|**2024**
**£**
7,491
5,000|
|---|---|---|
|||12,491|
|||**2024**
**£**
17,304|
|||8,000
**2024**
**£**
5,309
12,807|
|||18,116|
|||**2024**
**£**
8,000
5,309
2,938
637
8,881|
|||25,765|
- 34 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **17 Creditors: amounts falling due after more than one year**
|**Notes**
Bank loans
**14**
Obligations under finance leases
**15**
**18**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2025**
**£**
1,304
-
1,304
**2025**
**£**
4,110|**2024**
**£**
9,304
12,807|
|---|---|---|
|||22,111|
|||**2024**
**£**
1,999|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **19 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At**
General funds
**Previous year:**
**At**
General funds|**1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
30,327
90,616
(93,352)
27,591
**1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
59,891
48,937
(78,501)
30,327|
|---|---|
## **20 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 March 2025:**
Tangible assets
7,056
-
Current assets/(liabilities)
21,839
22,649
Long term liabilities
(1,304)
-
27,591
22,649|**Total**
**2025**
**£**
7,056
44,488
(1,304)|
|---|---|
||50,240|
- 35 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **20 Analysis of net assets between funds**
|**Analysis of net assets between funds**|||**(Continued)**|
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
||**funds**|**funds**||
||**2024**|**2024**|**2024**|
||**£**|**£**|**£**|
|**At 31 March 2024:**||||
|Tangible assets|31,982|-|31,982|
|Current assets/(liabilities)|20,456|5,165|25,621|
|Long term liabilities|(22,111)|-|(22,111)|
||30,327|5,165|35,492|
## **21 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
|---|---|---|---|---|
||**2024**|**resources**|**expended**|**2025**|
||**£**|**£**|**£**|**£**|
|ACE NPO Funding|-|109,900|(109,900)|-|
|ACE NLPG (Surtierra Touring Project)|-|40,500|(32,182)|8,318|
|Foyle Foundation (Surtierra Touring Project)|-|15,000|(11,500)|3,500|
|Comic Relief|1,462|984|(2,446)|-|
|Other funders|3,703|16,532|(9,404)|10,831|
||5,165|182,916|(165,432)|22,649|
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
||**2023**|**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|ACE NPO Funding|-|109,900|(109,900)|-|
|Dr Edwards and Bishop King's Fulham Charity|477|-|(477)|-|
|Hammersmith United Charities (Sing & Learn)|3,165|-|(3,165)|-|
|Hammersmith United Charities (Cost of living|||||
|funding)|500|-|(500)|-|
|LBHF Fast Track Funding|3,078|-|(3,078)|-|
|Education Endowment Foundation Early Stage|||||
|Programme Development|-|23,287|(23,287)|-|
|Comic Relief|-|8,858|(7,396)|1,462|
|Other funders|-|6,750|(3,047)|3,703|
||7,220|148,795|(150,850)|5,165|
- 36 -
## **MUSIKO MUSIKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **22 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 37 -