Registered Charity Number
1100878
Registered Company Number
04653409
Plymouth Music Zone Limited
Report and Accounts
for the year ended
31 March 2024

Plymouth Music Zone Limited
Report and accounts
Contents
Page
Page of Contents
Charity and Company Information
Trustee's Report
Statement of DirectOrs￿rUsteeS Responsibilities
16
Independent Examiners Report
17
Statement of Financial Activities
18
Statement of Financial Position
19
Notes to the accounts
20

Plymouth Music Zone Limited
Company Information
Directors
Christopher Hunt
Chair of Trustees from 4 January 2024
Paul Courtney
Chair of Trustees to 4 January 2024
Resigned
Elizabeth Hill
Peter Jerome
Appointed 22 De￿rnber 2023
Clare Pettinger
Nicholas Warren
Leadership Team
Karl Meyer
Chief Executive l Music Programme Director
Chief Executive to March 2024
Debbie Geraghty
Glyn Fuge
Finance and Impact Director
Anna Batson
Creativity and Learning Director
Registered Office
Ragland Road
Brickfields
Devonport
Plymouth
Devon
PL14NQ

Trustees, Report
For the year ended 31 March 2024
Plymouth Music Zone (PMZ) is a multi-award winning community music charity with an
outstanding track record developed since being first set up in 1999. Its 'Music Making a
Difference, tagline describes a passionate mission that focuses on transforming lives through
music. PMZ has supported over 70,000 children and 20,000 adults through over 50,000 music
workshops and over 2,000 special events since 1999. This happens at a range of venues
across the city as well as at its community music ￿ntre located in Devonport, one of
Plymouth's main areas of multiple deprivation.
PMZ is recognised as a model of socially engaged ex￿]IenCe both locally and nationally and
even further afield. PMZ works hard to build genuine relationships with its partner
organisations. This offers participants the opportunity to shape, create and take part in music
making activities alongside PMZ Music Leaders. PMZ'S activities offer music making that is
engaging, full of fun and looks to redu￿ social isolation, develop emotional wellbeing and
improve the personal and social skills of the participants.
Alongside its commitment to working with a diverse range of participants, PMZ also employs
a diverse workfor￿. PMZ'S Music Leaders deliver a range of regular, high-quality music-
making activities, progression projects and training. PMZ aims to work with those people most
at risk of being marginalised in Plymouth. Our programme also indudes performances and
onewoff opportunities that bring people from its more targeted work together with others at
events that aim to engage people in their own musical and social development.
95 % of PMZ'S music provision targets children and adults defined as being in 'challenging
cirCumstan￿s, and over 70 % of its participants have disabilities. The charity is also disabled-
led and houses a specialist multi-sensory music making spa￿. PMZ has won a number of
national awards recognising the excellent and innovative nature of the work. It also previously
received an 'Outstanding' Rating from Arts Council England for its approach to diversity.
Since its inception, the charity has commissioned six Independent Evaluations and led a
research project with Plymouth University. It was also involved in a multi-disciplinary research
pilot exploring singing for people with aphasia with the University of Exeter Medical School and
was lead community partner in a year'Knowledge Exchange" programme with Plymouth
University.
These evaluations and research projects have provided powerful evidence of the deep impact
of PMZ'S work. Findings from these include eviden￿ of PMZ delivery developing and
improving self-esteem, personal expression, communication and interpersonal skills.
Additionally contributing to increased resilience, overall emotional wellbeing and the creation
of what evaluators refer to as 'social and bridging community capital,.

Trustees, Report
For the year ended 31 March 2024
Quite simply Plymouth Music Zone uses the power of music to connect a diverse range of
people to build a richer sense of self and community-
To date, Plymouth Music Zone has delivered co-created music making activities on both a
weekly and one-off basis, one-to-one workshops, special projects, events and commissioned
work. In addition to a smaller programme of regular, open-to-all activities PMZ also offers
targeted work focused on those experiencing disadvantage or marginalisation or be from
underserved communities. This is done in collaboration with a network of health and social
care organisation5 as well as arts organisations, education and statutory authorities.
PMZ also trains, employs and supports an ever*volving hub of Music Leaders. Our team is
dedicated to socially engaged practice that uses music to redu￿ social isolation and improve
the skills and health and wellbeing of participants particularly as a support for participants
during difficult transitional times.
The charity reaches out to our partner organisations, participants and communities and
examples of this reach include..
Early Years (0-5 years)
Young people not in education,
em
lo
ment or trainin
NEETS
Care homes, older peoples settings,
communi
settin
Adults with neurological conditions, for
example Stroke survivors, Parkinson's,
MS, dementia, brain in.
Children, young people and adults
with mental health issues
Families facing difficult
transitionslbereavement
Working with marginalised communities
of all ages- for example Global Majority,
LGBTQ+ refugees and asylum seekers,
carers, elderl life limitin
conditions
ostin
and
ro
ression routes
Team building for corporates and
educational settin
Research projects
After School Activitiesloutreach and
music mentorin
'At Risk. children and young people
Music making for children and adults
with disabilities
Children and young people facing
difficult transitions
Adults experiencing historic trauma or
abuse, drug and alcohol misuse
Music indust
and careers advi
Training for educational settings and
music leaders
Learning partnerships with national
or
anisations

Trustees, Report
For the year ended 31 March 2024
Key achievements from 202312024:
PMZ had face to fa￿ contact with over 1.000 participants.
Over 100 music activities were delivered
Recordings. short films, poetry and photography- were hosted on PMZ'S website
and social media reaching neady 15.000 contacts
The weekly PMZ Music Quiz continued by popular demand, reaching approximately
300 people a week across the world.
Over 95 /D of PMZ partj'cipants reached were considered to be 'in challenging
circumstances, (eg livÈng wth health issues or disabled or residing in areas that are
high on the indices of multiple deprivation etc).
Participants, ethnicity in relation to Plymouth's 2021 census statistics..
White
Mixedl
Multiple
Ethnic Groups
2%
1.8°
Asianl
Asian
British
2.5%
2.2°/0
Blackl
Black
British
Other
PMZ
Plymouth
Census
2021
92/
940/0
1.10
PMZ employed 15 staff of which:
53 % women, 47Yo men"
60% have a disability
80% white and 20 % Mixed Multiple EthnicJBlack.

Trustees, Report
For the year ended 31 March 2024
Examples of Musical Achievements 2023 - 2024
Moving Sounds
Moving Sounds is a music and movement group for adults with disabilities. The group is led
by a PMZ Music Leader, Jodie, wth Winnie, a Dance Practitioner from Far Flung. A new
addition to the group this year was Charlotte, a
student from Plymouth University, as work
experien￿ with Far Flung. The group enjoy
developing their musical skills along with
movement. and creative art. They support each
other and they requested rf the workshops could
last 30 minutes longer to allow for a break to
discuss new ideas and any difficulties.
This
developed further creativity and partiapantvOi￿ for the rest of the organisation but importantly
allows greater understanding of each other and support.
Musical Misfits
The Musical Misfits named themselves in recognition of their diverse skills, musical abilities,
and other interests. They are a caring and energetic group of adults over the age of 55 who
have played music in the past and want to retum to it or play with like-minded people. They
share a love of life and a great sense of fun.
The group were proud to be part of a national
movement called 'Age Without Limits Action Day.
with additional funding from the Centre for Better
Ageing. The aim was to challenge negative
portrayals and per￿ptIOnS of ageing through
different projects l individuals sharing their work
and ideas. Approximatdy 70 events of different
kinds from sport. exhibitions, dance, music etc,
were held across the country on one day.
The event took place at PMZ but we wanted to indude people from further afield and offered
an online option on 'Zoom' with people joining from as far afield as Australia, USA, Minehead,
Nottinghamshire, Bournemouth. Cornwall and elsewhere in Plymouth to name a few.
Thoughts from performers and the audience induded:

Trustees, Report
For the year ended 31 March 2024
"Age is just a number. You're as old as you feel. Today I feel grear
"For the love of music we reached dn7erent worlds today. I heard there was a lady singing and
dancing in Minehead and Calrfomia and Australia.
.1 came away with a smile on my face. Anna brings us together.. (performer}
' Well. cried in the first song. That surely must be a record."
'Great music it made me dance around the living room in Sunny Minehea
Debbie, daughter of participants said °very special xx my parents love their time at music
zone it reminds them that they are still alive and can enjoy lifel"
Here's a link toa full YouTube video of the perfomance (minus the breakwe had in the middle),
so you can watch I listen to as much or as little as you wish:
htt
outu.beik86K5tEJ2nkVeatJre=shared
Sensory Sounds
Sensory Sounds meets every week during school terms and
is for disabled children and young people to explore music,
sound and senses with their parents I carers.
PMZ also collaborates with other organisations and an
example of this are regular holiday workshops with Friends
and Families, a charity v4hich supports and empowers
families wth children living with a disability to do activities
together. The days in the summer were parti￿lartY
flowery and colourful.

Trustees. Report
For the year ended 31 March 2024
Our eady years workshops for 04 year olds at two Plymouth nurseries have been busier than
ever. Staff members from the nursertes said.. 'Love the music sessions with Josiel It's really
great for the kids- it really helps with their GOnfIden￿ and just their all-round learning. Really
love having her in the setting..
We asked the staff what the music did forthem and the children. °Wellitbrings them happiness
arFd joy and I think from your perspective (and you've seen them all) they love it and I know
from parent meetings that we have - they enjoy doing it at home and the parents are learning
the songs at home as well. It's just over the years been fantastic and I hope iys more years to
come.
An organisational highlight were Think Tanks that
contributed to the national picture of Wellbeing
Equity for Musicians.
After contributing to a
national Think Tank at Snape Maltings, PMZ
brought together a group of people from the South
West. led by Katherine Zeserson. We hope that
this will grow into an emerging national campaign
to support and advocate for musicians wthin a
backdrop of very real challenges to the profession.
This was followed by further Think Tank in London where PMZ joined key organisations and
leading thinkers to explore how musicians could fiourish in the face of considerable challenges
cuffentFy within the industry that are (2using so many musicians to leave the profession.
This latest initiative has been convened by the pioneering national arts and heritage charity,
Britten Pears Arts, who have held various re￿nI Think Tanks" to look more deeply at the
many issues identified as negatively impacting musicians.
This event in London discussed a proposed 'Wellbeing Equity Alliance for Musicians" that
would take the form of a special campaign to consider how all areas of the sector could work
together to create the necessary Gondits'ons to embed and promote the 'wellbeing equity. of
musicians.

Trustees, Report
For the year ended 31 March 2024
Organisational Revlew 202312024
202312024 was a yearwhen face to face became the norm rather than Zoom! However, Zoom
has remained a powerful and inclusive tool in both workshops and meetings.
PMZ continued to provide a fiJll complement of musicworkshopsfor all age ranges and diverse
communities. PMZ also continued to work in collaboration with many of its partners.
The Flexible Working programme for staff remained in place after COVID restrictions were
relaxed. This has posed some challenges and necessitated negotiation but the benefits to
staff and productivity have outweighed these.
PMZ worked hard to continue existing partnerships and cultivate new ones, including its
funders. Like many other charities across the country, we knew that this year was going to be
difficult financially and so it proved. The increasing competitiveness of fundraising with less
funding available due to the cost of living crisis, the impacts of COVID and Brexit have also
played their part resulting in a planned expenditure from PMZ'S reserves.
Finances continued to be closely monitored with various options for the future being
considered by the Trustees. With great reluctance and sadness, it was agreed that the
Leadership Team would be redU￿d to reflect the drop in funding and result in a leaner PMZ.
The CEO ac￿pted voluntary redundancy in March 2024. Another member of the Leadership
Team also accepted voluntary redundancy. The remaining Leadership Team with the
Trustees are experienced and able to lead the charity through challenging times.
Financial Review 202312024
For the year ending March 2024, PMZ had a fundraising target of £350,000. Through the 4
areas of Public Grants, Trusts and Foundations, Individual Giving and Earnedlcommissioned
income PMZ ended the year with a totsl of £271,281 against an expenditure of £343,813
leading to a deficit of £72,532. This was not unexpected and reserves have covered the deficit.
For the year to March 2024, unrestricted funds stood at £145,886.
PMZ continues to use a business model based on full cost recovery principles and will
continue to diversify the income base. This business model uses an hourty rate system
and has been fully supported by all our major funders. The Trustees increased the hourly
rate in April, the first in over 7 years.

Trustees, Report
For the year onded 31 March 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
Constitution
Plymouth Music Zone is registered as a charitable company limited by guarantee and was
formed on 31 January 2003.
The company is constituted under a Trust deed and is a registered charity, number 1100878.
The principal objects of the company are to promote, maintain, improve and advance education
by the encouragement of the arts including, without limitation, the arts of drama, mime, dance.
singing and music.
Method of Appointment or Election of Trustees
Appointment and election of trustees is the responsibility of the Trustees who are elected or
co-opted under the terms of the Artldes of Association.
Policies adopted for the induction and training of Trustees
Atl Trustees re￿1ve an induction to Plymouth Music Zonefrom both the Trustees and the Chief
Executive. Regular updates from the Charities Commission and other organisations are sent
to the Tnjstees and Trustees are offered training on a regular basis to help them with their
duties and to maximise their learning and development.
Pay policy for Senior Staff
All pay rates and any benefits are agreed by the Board of Trustees. Pay rates take account of
job roles and responsibilities. comparisons to other similar charities and similar arts
organisations as well as the pay ratios between different roles within the charity. Any benefits
offered are aimed at ensuring the ongoing wellbeing and commitment of our team (including
paid training, holiday, flexible working and health breaks).
Annual pay rises are only offered if the financial reports show that the charity has performed
well and only if the pay rises are sustainable. The Leadership Team is subject to the same
criteria as all other staff within the charity.
Plymouth Music Zone retained its Gold Investors in People {IIP) accreditation.
io

Trustees, Report
For the year ended 31 March 2024
Organisational, Structure and Decision Making
The Board of Trustees administers the charity and meets quarterly. The Chief Executive and
Leadership Team are appointed by the Trustees to oversee the day-to4ay operations of the
charity including finance, employment and operational related activity.
Risk Management
The Trustees have assessed the major risks to which the company is exposed, in particular
those related to the operations and finances of the company. They are satisfied that systems
and procedures are in place to mitigate exposure to the major risks and monitor the
organisational risk register at all trustee meetings.
Reserves Policy
The charity has a number of projects that span financial years and are funded by various
sources ft)r specific activities. These funds are Restricted Funds. the projects and fijnd
balances are shown in Note 15 - Statement of Funds, in the accounts.
The Trustees are aware of the need to retain general unrestricted fiJnds wherever
possible. Considering current needs and following an exiensive risk analysis of the
organisation and the present economic climate, the Trustees have agreed to continue with an
approach that unrestricted reserves should be designated in order to cover any of the following
eventualities..
Development Fund - To meet any deficits not covered by income in any one year and
to enable the Charity to continue its operations in the event of major withdrawal of
external funding, the Charity considers it prudent to establish reserves to support 3-6
months trading against average anticipated annual expenditure of £300,000 (to be
revised annually).
Buildings and Repair To meet major items of unforeseen expenditure including
repairs or renewals of the building and equipment.
Redundancy and Staff Costs - To meet any eX￿ptIOnal staff related costs such as
redundancies and legal costs.
Innovation Fund - To enable the Charity to develop new cuttingedge projects or help
secure funding to do so.
Unrestricted Fixed Asset Fund - To hold a fund for unrestricted assets purchased so
as not to burden fijture funding with the depreciation costs.
li

Trustees, Report
For th8 year ended 31 March 2024
The Trustees consider the level of designated funds to be achieved should be £225,000
allocated as follows:
Target figures
£100,000
£20,000
£70,000
£20,000
£10.000
202312024 figures
£27,097
£10,000
£71,100
£0
£37,689
Development Fund
Buildings and repair
Redundancy and Staff costs
Innovation fund
Unrestricted fixed asset fund
The current levels of Designated Reserves are detailed in the Statement of Funds, in the
accounts and currently stand at £145,886.
Principal Funding
Arts Council England National PortFolio Transition Funding 2023 and Arts Council Project
Lottery 2023-2024
Funding to encourage a diverse range of people to engage with music both as staff and
participants to be inspired and creative. This funding also supports the growth of different
income pathways and increased sharing and dissemination with the aim of developing
Plymouth Music Zone as an International Centre of Excellen￿ for Community Music and
wellbeing.
National, Foundation for Youth Music
Funding for 0-18 years (25 years with special needslin challenging
circumstancesltransition) to access music making to develop self-confidence,
communication skills, social skills and musical skills. Our'Break Through Music, funding
offers musical respite activities within the health and social care sector as well as
investing in our Music Leader workforce to increase the quality and impact of the work
while also supporting their wellbeing.
Livewell South West
Funding for a range of music activities for adults with disabilities, long term health
conditions and marginalised communities.
12

Trustees, Report
For the year ended 31 March 2024
Plymouth City Council Children's Services
This targets children in Plymouth with disabilities and those on the autistic range with
particular emphasis on out-of-school opportunities to allow families some respite time.
Trusts and Foundations
A range of Trusts and Foundations support PMZ across the whole range of ages and
varying groups of people that PMZ aims to work with.
By working in collaboration. PMZ succeeds in complementing existing provision to achieve
more powerful outcomes for the beneficiaries, in line wth identified local needs and strategic
objectives within the city. This deepens the charity's social mission even further and
strengthens its added value as an example of music learning within a diverse and socially
inclusive environment.
PMZ'S overall vision and strategy is backed up by a financial strategy that aims to continue
diversifying PMZ'S income and supporter base through income in the areas of Public Grants,
Trusts and Foundations, Individual Giving and Earned Incomelcommissioning.
Material Investments Policy
The majority of funds are placed in high interest accounts.
13

Trustees, Report
For the year ended 31 March 2024
Next Year- 202412025
This year will be a pivotal year for PMZ and risk assessments have included increased
ndraising, a reduction in staff, partial redundancy and closure. Our aims for the year continue
but we must recognise that this is also in conjunction with a challenging funding picture for all
charities within the sector. Any closure would be well planned with at least 3 4 months,
notice which would enable a supportive transition for participants and staff, as well as ethical
transfer of any assets in accordan￿ with our Articles of Association.
PMZ'S objectives include continuing to work with participants with a team of people who
understand for up participants and ensuring PMZ continues its mission-
OUR PARTICIPANTS: the vast majority who wouldn't otherwse access the arts
OUR DIVERSE. DISABLED-LED TEAM: representing years of investment in professional
and lived experience and sustainable practice that translates directly to impact
OUR OUTSTANDING TRACK RECORD OF INCLUSIVE. COLLABORATIVE
PRACTICE: that creatively engages wth both breadth and depth via Pla￿-based
partnership working that brings considerable public benefitworking annually alongside 50-
100 cross sectoral organisations
OUR FUTURE POTENTIAL: to build on our legacy of work with academic partners
evidencing how PMZ has created wide ranging impact that evaluators and researchers say
creates 'social and bridging community capital, across Plymouth
OUR POWER AS ADVOCATES: to be a living, breathing examplg of the Arts Council's
'Let's Create. agenda successfully in action. Combined with a strong desire to protect
inclusive ecosystems of creativity so that vital 'EDI' momentum achieved in the arts sector
to date is not lost.
The main objectives for the coming year have been identified as..
Consolidating and building the current servi
Continuing to seek funding with TrLlSts & Foundations, Public Funding, eamed income
as well as donations and community fvndraising.
Developing and maintaining meaningful relationships with current and new partners
and stakeholders.
Strengthening the Leadership Team and Board of Trustees
Upskilling of existing music leaders and attracting new music leaders
Regular assessment of risks with appropriate responses.
14

Trustees. Report
For the year ended 31 March 2024
And finally
PMZ'S Summer Singalong at Devonport Park in July 2023 where many of our participants
attended to celebrate another year of music.
Thank you to all our fiJnders and partners. our staff. volunteers and Trustees. Most of all,
thanks to all the participants who tske part.
Please look at our website and from there our other media channels. Please feel free to follow
and donate to PMZ to help us do more.
l ￿￿￿thm￿2*IczQne.0r
15

Plymouth Music Zone Limited
statement of Directors and Trustees Responsibilitles
The Charities Act and the Companies Act require the Board of Trustees to prepare financial stateménts for
each financial year which give a true and fair view of the state of affairs of the charity as at the end of the
financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is
required to-_
Select suitsble accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in business.
state whether applic2ble accounting standards and statements of recommended practice have been
followed, subject to any material departures disclosed and explained in the financial statements.
The Trustaes are also responsible for maintaining adequate accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and which are sufficient to show and
explain the charity's transactions and enable them to ensure that the finanrial statements comply with the
Companies Act 2006 and comply with regu5ations made under the Charities Act. They are also resporssible
for the contents of the trustee'5 report and the responsibility of the independent examiner in relation to the
trustees, report is limited to examining the report and ensuring that, on the fa¢2 of the report, there are no
inconsistencies with the figures disclosed in the financial statements.
This report was approved by tha board of trustees on ipsEni hi/ev<. 2024
C Hunt
Director and Chair of th8 Trustees
16

Plymouth Music Zone Limited
Independent Examiner's Report to the Trustees of Plymouth Music Zone Limited
I report to the charity trustees on my examination of the accounts of the company for the year ended 31
March 2024 which are set out on pages 18 to 34.
Responsibilities and basis of report
As the charity trustees of the company land also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies Act
2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the ¢ompany are not required to be audited under Part 16 of the
2006 Act and are eligible for Independent examination, I report in respect of my examination of your
company's accounts as carried out under sectton 145 of the Charities Act 2011 ('the 2011 ACY). In carying
OLrt my examination I have followed the Directions given by the Charity Commission under section 14515)Ib) '
ofthe 2001 Act.
Independent examina￿S statement
I con)Im that l am qualified to undertake the examination because l am a member of The Institute of
Chartered Accountants in England and Wales which is one of the listed bodies in section 145 of the 2011
Act.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me ¢au5e to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act.
or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requi￿rnents of section 396 of the 2006 Act other than
any requirement that the accounts give a'true and fairview which is not a matter considered as part of
an independent examination., or
the accounls have not been p￿pared 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
cf Ireland {FRS 102).
I havé no ¢onGerns and have come aGross no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Signed..
Guy lan Northcott
FCA Bsc(Econ)Hons, DChA
For and on behalf of Northcott Tnjmfield
Chartered A¢countants
Devonshire Villa
52 Stuart Road
stoke
Plymouth
PL3 4EE
Date..
,2/1/
2024
17

Plymouth Music Zone Llmlted
Year ended 31 March 2024
Statement of Financial Activities (includlng Income and Expendlture Account)
2024
Restricted
funds
2023
Total
funds
Unrestrlcted
funds
Total
fvnds
Noto
Income and endowments from:
Donations and legacies
Charitsble activities
Other trading activities
Investment income
other incoma
9,791
9,791
246,838
8,079
6,573
9.074
182,138
10,782
3,415
7.650
246,838
2,850
5,229
6,573
Total Income and endowments
21,593
249,688
271,281
213,059
Expendlture on:
Charitable activities
Other
3,860
2,878
337,075
340,935
2,878
349,359
3.385
Total expendlture
6,738
337,075
343,813
352,744
Net Income]{expenditure)
14.855
(87,387)
(72,5321
(139,685)
Transfers betwean funds
17
(81,818)
81,818
Net movement in funds
72,532
139,685
Reconciliatlon of funds
Total funds brought forward
17
212.849
10.375
223.224
362,909
Totsl funds Carried forward
17
145.886
150,692
223,224
All Income and expenditure is d8rlved from contlnuing activities
18

Plymouth Music Zone Limited
Year ended 31 March 2024
statement of Financial Position
2024
2023
Note
Fixed Assets
Tangible assets
12
37,689
40,794
Current Assets
Debtors
Cash at bank and in hand
13
37.127
89.071
3,443
193,940
126,198
197,383
Cr8dltors falling du8 inside one year
14
Net current assets
113,003
150,692
182,430
223,224
Creditors falling due after mora than one year
Provlsions for liabilities and charges
Total Net Assets
150,692
223.224
Charlty Funds
Unrestricted funds
17
145,886
17
212.849
Restricted funds
17
4,806
17
10,375
150,692
223,224
These accounts have been prepared in accordance wrth the provisions applicable to companies subject to the small
ompanies regima.
For Ihe year ending 31 March 2024 the company was entided to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its accounts for the year in question in
accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
The Financial Statements were approved and authorisad for issue by the Trustees on 1£ gcHr
on their behalf by..
2024 and signed
Chair of Trustees
C Hunt
Company registration number 004653409
The notes on pages 20 to 34 form part of these accounts.
19

Plymouth Music Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
Accounting policles
(a) Basis of preparation of the accounts
Plymouth Music Zone Limited is a company limited by guarantee in England and Wales. In the
event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the charity. The address of the registered Offi￿ is given in the charity information
on page 1 of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements
have been prepared in accordance with Accounting and Reporting by Charities: Statement of
Recommended practi￿ applicable to charities preparing their accounts in accordancewith the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued
in October 2019, the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted
Accounting Practice.
The financial statements are prepared on a going concem basis under the historical cost
convention as there are no material uncertainties existing. The financial statements are
presented in sterling which is the functional currency of the charity and rounded to the nearest
The significant accounting policies applied in the preparation of these financial statements are
set out below. These policies have been consistently applied to all years presented unless
otherwise stated.
{b)Fund Accounting
General funds are unrestricted ￿ndS which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the company and which have not been
designated for other purposes.
Designated funds comprise 'unrestricted funds that have been set aside by the trustees for
particular purposes. The aim and use of each designated fund is set cut in the notes to the
financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions
Imposed by donors or which have been raised by the charity for particular purposes. The cost
of raising and administering such funds are charged against the specific fund. The aim and
use of each restricted fund is set out in the notes to the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the
general objectives of the charity and which have not been designated for other purposes.
Designated fttnds comprise unrestricted funds that have been set aside by the trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the
financial statements.
20

Plymouth Music Zone Limlted
Notes to the Accounts
for the year ended 31 March 2024
(cllncoming Resources
All income is recognised On￿ the company has entitlement to the income, it is probable that
the income will be received and the amount of income receivable carF be measured reliably.
Donated services or facilities are recognised when the company has control over the item, and
conditions associated with the donated item have been met, receipt of economic benefit for
the use of the company of the item is probable and that economic benefit can be measured
reliably. In accordance with the Charities SORP (FRS102), the general volunteer time of the
Friends is not recognised and refer to the Trustees, report for more information about their
contribution.
On re￿ipt. donated professional services and donated facilities are recognised on the basis
of the value of the gift to the company which is the amount the company would have been
willing to pay to obtain serviTrs or facilities in expenditure in the period of receipt.
(d)Investsnent Income
Income from investments is included in the year which it is receivable.
(e)Deferred income
In accordancewith the SORP grants received in advan￿ and specified by the donoras relating
to specific accounting periods or altematively which are subject to conditions which are Still to
be met, and which are outside the control of the charity or where it is un￿rtain whether the
conditions can or will be met, are deferred on an accruals basis to the period to which they
relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown
as creditors in the accounts.
{fjExpenditure
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 totsl of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to
single activity are allocated directty 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
be￿een those activities on a basis consistent with the use of resources. Central staff costs
are allocated on the basis of time spent, and depreciation charges allocated on the portion of
the asset's use.
21

Plymouth Music Zone Llmited
Notes to the Accounts
for the year ended 31 March 2024
(g)Tangible fixed assets and depreciation
All assets costing more than £250 are capitalised.
A review for impairment of a fixed asset is carried out if events or changes in circUmstan￿S
indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls be￿een
the carying value of fixed assets and their recoverable amounts are recognised as
impairments, Impairment losses are recognised in the Statement of Financial Activities in
ncorporating income and expenditure account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their
estimated residual value, over their expected usefvjl lives on the following basis:
Short-term leasehold propety- Straight line over the life of the lease
Plant and rnachinery-15 years straight line
Motor vehicles - 250/u reducing balan
Fixtures, fittings and equipment- 250/0 straight line
{h)Debtors
Trade debtors and other debtors are recognised at the settlement amount after any trade
discount offered. Prepayments are valued at the amount prepaid net of any trade discounts
due.
{l)Pensions
The company operates a defined contribution pension scheme and the pension charge
represents the amounts payable by the company to the fund in respect of that year.
ti)Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months br less from the date of acquisition or opening of the deposit Or similar
account.
(k)Recognltion of liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting
principles, modified where necessary in accordance with the guidance given in the SORP.
22

Plymouth Music Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
(l}Critical accounting estimates and area of Judgement
Estimates and judgements are continually evaluated and are based on historical experience
and other factors, including expectations of future events that are believed to be reasonable
under the circUmstan￿s.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning thefuture. The resulting accounting
estimates and assumptions will, by definition, seldom equal related actual results. The
estimates and assumptions that have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities within the next financial year are discussed below.
Depreciation rates of fixed assets and the calculation of certain year end accruals.
{m)Financial instruments
The company only has financial assets and liabilities of a kind that qualfy as basic financial
instruments, Basic financial instruments are initially recognised at transaction value and
subsequently measured at their setttement value with the ex￿ptIOn of bank loans which are
subsequently measured at amortised cost using the effective interest method.
(n)Taxation
As a registered charity, the company is an exempt charity within the meaning of schedule 3 of
the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 SchedLtle 6
Finan￿ Act 2010 and therefore it meets the definition of a charitable company for UK
corporation tax purposes.
Value Added Tax is not recoverable by the company, and is therefore included in the relevant
costs in the Statement of Financial Activities.
Donations and legacies
Unrestricted Funds
2024
2023
Donations
9,791
9,074
23

Plymouth Music Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
Contracts and grants
Restricted Funds
2024
2023
Youth Music Zone Grant
Arts Council England Grant
Knowledge Exchange
National Lottery Community Fund
Other funders
Garfield Foundation
55,006
149,132
13,671
132,392
5,000
9.400
21,675
22.700
20,000
246,838
182,138
Other trading activities
Unrestricted Funds
2024
2023
Music sessions
5,229
7,932
Restricted Funds
2024
2023
Music sessions
2,850
2,850
Investment income
Unrestricted Funds
2024
2023
Bank interest
6,573
3.415
24

Plymouth Music Zone Limlted
Notes to the Accounts
for the year ended 31 March 2024
Other income
Unrestricted Funds
2024
2023
Gain on disposal of a tangible fixed asset held for
charity's own use
Other
7,500
150
7.650
25

Plymouth Music Zono Llmited
Notes to the Accounts
for the year ended 31 March 2024
Expenditure
Charttablo act1v5￿8$
Unrestricted
Youth
Muslc
Knowlgdge
Exchange
Blg
Lottery
Sensory Tjwts and
Total
FoundaUons Rastrfctod
Councll
England
2024
Direct labour
Diract Costs
Equipment
Depro¢iabon
Wag88 and salaries
Pension contributions
National Insuranc8 conblbutbns
other staff costs
Office costs
Pr8mise5
Support
Professional fees
18,110
5,266
74,284
10,338
ge6
12,912
106,272
16,144
23
3,803
36.135
80.354
3,876
56.456
176,821
718
2.587
6,522
1,172
5,044
11,794
231
588
36
230
531
418
2.303
5,287
201
2.342
10,164
24,134
61CI
588
3,860
1 69,486
183805
,,337 075
other
Ird8P8ndent EKamlnat
2,878
69.486
183,805
78,115
337.075
26

Plymouth Muslc Zone Llmltod
Notas to tho Accounts
for the year ènded 31 March 2024
Expenditur6 Continued
Charltable actE¥ltles
Unrestrfcted
Youth
Muslc
Arts
Councll
Englar
Knowledga
Exchange
Blg
Lottery
Sensory Trusts and
Tt>tsl
Foundatlons R8strf¢tsd
2023
Direct labour
Dir6Ct Cost5
Equipmgnt
Depreaation
Wag88 and salaries
Penslon contribubons
Nal'onal Insuranca ¢xntributions
Other staff costs
offi￿ costs
Pr8rnise5
724
. 13,208
1.127
62.594
11,922
4.706
2,441
71
622
7,735
3,766
91,306
16,886
3.952
59.025
62.528
21,505
5,251
52,005
201,659
1,738
2,719
4,180
1,264
2,684
3,939
2.274
1,065
1.575
1,475
2,525
4,263
7.096
9,323
14,473
3,940
66
264
426
8.616
28,931
6,907
71.769
Other
Independent Examinati¢)n
3,385
12,001
144,931
6,208
28,931
6,907
71,789
27

Plymouth Music Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
Net income for the financial year
2024
2023
This is stated after charging
Depreciation
Independent Examinerfs Fees
3,803
2,400
3,952
2,400
Governance costs.
2024
2023
Independent Examination
Administrative costs
2,400
478
2,400
985
2,878
3,385
10
Trustees, and key management personnel remuneration and expenses
The trustees neither received nor waived any remuneration during the year (2023 £nil).
The trustees did not have any expenses reimbursed during the year (2023 £nil).
The total amounts of employee benefits received by key management personnel is £175,388
(2023 £170,516).
The charity considers rts senior management team as its key management personnel.
11
Staff costs and employee benefits
2024
2023
Salaries and wages
Social security
Defined Contribution pension costs
Accountancy services
239,576
14,590
8,717
20,210
248,770
16,476
8,974
19,469
283,093
293,689
The average monthly number of employees and full-time equivalent (FfE) during the year
was:_
2024
Number
2023
Number
Charitable activities
12
12
No employees received total employee benefits (excluding employer pension costs) or more
than £60,000.
28

Plymouth Music Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
12
Tangible fixed assets
Freehold Leasehold Equipment
Land and Land and
and
Buildings Buildings Instruments
Total
Cost
Balance brought down
Additions
Disposals
Balan￿ carried down
25,845
39,129
130,113 195,087
698
6g8
25,845
130,881 195,785
Depreciation
Balance brought down
Depreciation
Disposals
Balance carried down
10,587
1,723
18,836
1,863
124,870 154,293
217
3,803
12,310
20,699
125,085 158,096
Net Book Value 31 March 2024
13.535
18.430
5,724
37,689
Nat Book Value 31 March 2023
15,258
20,293
5.243
40,794
13
Debtors
2024
2023
Trade debtors
Prepayments
Accrued income
1,140
2,875
33,112
228
2,381
834
37.127
3,443
14
Creditors falling due inside one year
2024
2023
Trade creditors
Accruals
Other taxes and social security
Deferred income
Other creditors
4,329
2,640
4,514
3,351
4,439
5,268
1,712
1,895
13,195
14,953
29

Plymouth Music Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
15
Related Party Transactions
During the year trustees in aggregate made donations of £nil (2023 £-)- There were no other
related party transactions.
30

Plymouth Music Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
16
Fund reconciliation
Funds of the charlty
Balance
Brought Income
Forward
Transfer Transfer
In
Out
Balance
Carried
Forrfrfard
Expenditure
Unrestricted funds
21,593
6,738
14,855
Designated funds
Development
Building and repair
Redundancy and staff costs
Innovation fund
Fixed asset
73,995
30.000
62.000
6,060
40,794
46,898
20.000
27.097
10,000
71,100
9.100
6,060
3.105
37,689
212,849
90,918
145,886
Restricted funds
Youth Music
Arts Council England
Sensory
Other Donors
55,006
149,132
2,850
42,700
69,486
183,805
5,669
78,115
14,480
34,673
3,484
29,181
665
4,141
10,375
10,375 249,688
337,075
81.818
Total
223,224 271,281
343,813
90,918
90,918
15Q,692
31

Plymouth Music Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
16
Fund reconciliation continued
Funds of the charity
Balance
Brought Income
FonNard
Transfer
Transfer
Out
Balance
Carried
For¥vard
Expenditure
2023
Unrestrlcted funds
28,071
12,001
16,070
Deslgnated funds
Davelopment
Building and repair
Redundancy and staff costs
Innovation fund
Fixed asset
139,368
30.000
60,000
10,000
44,746
65,373
73,g95
30,000
62,000
6,060
40,794
2,000
3,940
3,952
284,114
28,071
12,001
2,000
89,335 212,849
Restrlcted funds
Youth Musi
Arts Council England
National Lottery Community Fund
Sensory
Knowledge Exchange
Other Donors
47.944
1.462
13,671
132,392
9,400
2,850
5,000
21,675
81,997
144,931
28,931
6,907
6,208
71.769
20,382
11,077
19,531
3.202
921
32,222
855
287
28,247
10.375
78,795
184988
340,743
Total
362,909 213,059
352,744
89,335
89,335 223,224
32

Plymouth Muslc Zone Limited
Notes to the Accounts
for the year ended 31 March 2024
16
Fund reconciliation continued
Purpose of Unrestricted funds
Development fund -To meet any deficits not covered by income in any one year and to enable
the Charity to continue its operations in the event of majorwithdrawal of external funding The
Charity considers it prudent to establish reserves to support 3-6 months trading.
Building and repairs is to cover possible repairs to the building, sound studios and other
related expenditure.
Redundancy and staff related costs is to cover any exceptional staff related casts, such as
redundancy, legal expense and any rewardlbonus schemes should they occur.
Innovation fund Is to cover the costs to develop new cutting edge projects.
The unrestricted fixed asset fund is to hold a fund for unrestricted assets purchased so as not
to burden future funding with depreciation costs.
The general fund represents funds not restricted or designated for any specific purpose.
Transfers toffrom Unrestricted funds
Surplus general funds have been transferred to the Charity's designated reserves.
Purpose of Restricted funds
Arts Council England National PortFolio 2019 - 2022. Funding to encourage a diverse range
of people to engage with music both as staff and participants, be inspired and creative.
The National Lottery Community Fund Changing Tunes which uses the power of music to
reduce isolation by breaking down barriers to interaction and understanding between the
generations.
Youth Music Breakthrough Music - funding for 0 -18 years (25 years with special needs/at
risk) to access music making.
National, Lottery Community Fund -
Trusts and Foundations
Work to support older people, adults with neurological conditions, families at domestic abuse
refuges, children with complex and multiple disabilities, and an exchanging learning project
is invested in by a number of private funders.
Transfers tolfrom Restricted Funds
Where finished projects have generated a surplus, thesefunds are transferred to unrestricted
fijnds once restrictions have been met.
Where a project generates a deficit, a transfer of funds is made from unrestricted funds to
cover the funding gap.
33

Plymouth Music Zone Limlted
Notes to the Accounts
for the year ended 31 March 2024
17
Analysis of net assets between funds
2024
Unrestricted Designated Restricted
funds
funds
funds
Total
Fixed Assets
Net current assets
37,689
145,886
37,689
108,197
4,806
150,692
145,886
4,806
2023
Unrestricted Designated Restricted
funds
funds
funds
Total
Fixed Assets
Net current assets
40,794
182,430
40,794
172,055
10,375
223,224
212.849
10,375
18
Pensions
The charity operates a defined contribution pension plan for its employees. The amount
recognised as an expense in the period was £8,717 (2023 £8,974).
34