##
Charity No: 1103774
Company No: 4641867
Registered Office: Green Fish Resource Centre. 46 - 50 Oldham Street Manchester M4 1LE
Board of Trustees Elliott Jack, Chair Kelly McMinn, Vice-Chair Tanya Blacher Tanya Das Vivine Smith Adam Thomas Mark Vincent
Management Peter Leigh, CEO Ed West, Operations Manager Johan Ohlstrom, Service Manager Gemma Senior, Finance Manager
Accountants: Jackson Nicholas Assie Ltd
Bank: The Co-Operative Bank
In 2024, Key Changes continued our core commitment to providing vital support for communities disproportionately affected by mental health challenges, including economically disadvantaged, racialized, LGBTQ+, homeless, and refugees as well as care leavers and forensic service users.
This year, we reached over 5,000 individuals through programmes tailored to these groups' unique needs, whether in hospitals, community centres, or secure settings.
Our work thrived through a range of new partnerships, from a work skills programme with the North London Forensic Collaborative to Youth Support initiatives at Moss Side’s Powerhouse Community Centre in Manchester.
We introduced innovative projects like a creative health studio with Creative Together and expanded our adolescent in-patient support services in partnership with the NCEL Provider Collaborative.
and a mentorship programme for men in secure hospitals, supported by the Baring Foundation.
Our programmes remain supported by dedicated partnerships with National Lottery Community Fund, City Bridge Foundation, Youth Music and NHS collaborators.
These alliances and the incredible hard work of our staff, artists, and volunteers make all of our initiatives possible, helping us deliver over 6,700 hours of 1-to-1 support over the last 12 months.
As we move forward and set our sights on 2025 and beyond, we remain focused on creatively addressing the mental health needs of our communities and are deeply grateful to all who continue to support our mission.
Thank you so much for helping us make a meaningful difference in people’s lives.
## **Elliott Jack**
Chair
Additionally, we launched a veterans’ music club with funding from Global’s Make Some Noise
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##
**The organisation is a charitable company limited by guarantee, incorporated on 20th January 2003 and registered as a charity on 17th May 2004.**
The company was established under a Memorandum of Association which established the objects and powers of the organisation. Key Changes is governed under its Articles of Association which were most recently updated in October 2020. In the event of the charitable company being wound up members are required to contribute an amount not exceeding £1.
Governance is overseen by a Board of Trustees which sets strategic direction, agrees budgets and operational policies and monitors performance. Trustees are recruited to provide the skills and insights the Board judges to be necessary for the effective management of the organisation.
These currently include organisational strategy, financial management, fundraising, arts administration, mental health experience and music industry expertise. Trustees are also appointed to provide service user and staff representation. We recently recruited Honorary Treasurer and Honorary Secretary trustees.
Trustees are required to disclose all relevant interests and to withdraw from any decisions where a conflict of interest arises.
Day-to-day management of the organisation is delegated to the Chief Executive Officer, who is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Chief Executive Officer provides individual supervision of the staff team and ensures that the team continuously develop their skills and knowledge in line with good practice.
Requirements for new trustees are identified by the Board, and selective advertising and networking is used to identify candidates with the skills and insights required. Potential candidates are interviewed by the Chief Executive Officer and invited to observe a Board meeting prior to appointment being formalised by the remaining Board member.
Trustees give their time voluntarily and receive no benefits from the charity, except for the staff trustees who receive payment for work undertaken towards the normal operation of business as governed by contracts of service. Trustee expenses reclaimed from the organisation are shown as governance costs in the accounts.
##
## **Our Values**
**Promote positive mental health and wellbeing through music**
**Provide inclusive, nonjudgemental high-quality services**
**Challenge discrimination and health inequality**
**Encourage service user voice and involvement**
## **2003**
Formed by a group of patients at Highgate Mental Health Centre in North London in response to a lack of music on the wards
What started as a weekly music jam in the hospital OT department develops into music workshops and DJ sessions on the wards and regular concerts
## **2008**
With services requested by other hospitals in London and new music mentoring programme starting in the community the charity becomes known as Key Changes
## **2010**
Services now being provided across London; first regional projects take place; Linda Polan Award for services in the
community; commendation from Arsenal in the Community for Football and Music project
## **2012**
New services in Bury, Sheffield & Woking; Presentation at Royal College of Psychiatrists; Positive Practice in Mental Heath Award (Community Award); Commendation from NHS London for Asthma rap campaign with Healthy London Partnership
## **2013**
New London studio donated by Amy Winehouse Foundation
## **2016**
New services start in Birmingham & Bristol; Performance at City Hall, London; feature on BBC The One Show
## **2019**
Presentation at National Institute for Mental Health; Key Changes Records launched
## **2020**
Shortlisted for Gulbenkian Awards for Civic Arts for organisations who _“boldly re-imagined their missions to put their communities first during the pandemic”_ ; featured on SKY news
## **2021**
New studios in Brixton & Hounslow; new project starts in Brighton; new office and studio Manchester
## **2023**
New studio in Finsbury Park, London; Presentation at _“Voices of the Oppressed”_ conference in Prague
## **2024**
New services in Crawley & Ashton Under Lyne; Studio space in London donated by Warp publishing; Presentation at NCEL CAMHS conference in Toynbee Hall, London
##
Founded in 2003 by patients at Highgate Mental Health Centre in North London in response to a lack of music on the wards, we’ve grown from a weekly music workshop in the hospital OT department into a charity that provides music programmes across London and regionally for young people and adults struggling with mental health challenges.
Our services are co-produced with participants and delivered by specially trained professional musicians, producers, artists, and industry experts in partnership with local health, care, cultural and creative organisations. We now offer services in Manchester, Birmingham, London and Brighton.
## **Services**
- **Music mentoring programmes in hospitals and community**
- **Volunteering, peer mentoring & work experience opportunities**
- **Concerts & Open Mic’s**
## **Details**
- **Develop self-expression, confidence & creativity; foster hope for the future**
- **Develop transferable skills**
- **Specialist vocational training**
- **Performance opportunities at events in community and care settings**
## **Outcomes**
- **Improved wellbeing, self care, resilience & agency**
- **Peer Support**
- **Progression to mainstream opportunities**
- **Paid sessional roles**
- **Addresses loneliness and social isolation**
- **Challenges health inequality stigma & discrimination**
## **Hospitals & Care Settings**
We provide in-reach services for young people and adults receiving treatment on inpatient acute, intensive care, secure and rehab psychiatric hospital wards.
Using a pop-up recording studio format our specially trained musicians and producers encourage patient engagement in song writing, lyricism, beat making, production and recording.
The sessions offer an accessible, inclusive and energising mix of genres. Patients are supported and encouraged to step up to the mic, have a go writing lyrics and music, make beats, produce and record tracks or simply enjoy the sounds.
We work closely with ward staff to tailor session format and content to suit ward specialisms and patient interests.
An audit after each session reviews clinical feedback, patient engagement and comments and can be included in patient satisfaction surveys.
Our approach is effective in engaging patients who might not be motivated to participate in other ward activities.
It’s a useful way of signposting patients to our community programme, and visits to our studio can be arranged with ward staff or care team which can help to contribute to care planning post-discharge from hospital.
**The objectives are based around social inclusion and recovery:**
**• Develop social, communication, creative, technical and vocational skills**
**• Rekindle ability to express feelings, make choices, take turns and respect the views and tastes of others**
**• Opportunity to re-engage in leisure interest and spend time with others who have a common interest in music**
**• Develop ability to manage conduct and behaviour and make healthy lifestyle choices**
- **Observe instruction and rules around collaborative working, risk assessment, privacy and confidentiality, health and safety, equal opportunities**
- **Bringing patients and staff together in a positive activity**
- **Share musical achievements with staff, friends and family**
- **Space to foster hope and aspirations for the future**
- **Signpost progression to music services in the community post-discharge**
## **Hospital Locations**
**The Coborn Centre for Adolescent Mental Health,** Newham, London **The Beacon Centre CAMHS,** Edgeware, London **Simmons House Adolescent Unit,** London **Park Royal Centre for Mental Health,** London **St Bernard’s Hospital,** Southall, London **Lakeside Mental Health Unit,** Uxbridge, London **St Charles Centre for Mental Health,** Ladbroke Grove, London **The Maudsley Hospital,** London **Nightingale Hospital,** London **Highgate Mental Health Centre,** Archway, London **St Pancras Hospital,** London **Chase Farm Hospital,** Enfield, London **John Howard Centre,** Hackney, London **Cygnet Hospital Harrow,** London **The Ladywell Unit,** University Hospital Lewisham **Lambeth Hospital,** London **Mill View Hospital,** Hove **Langley Green Hospital,** Crawley **The Oleaster,** Birmingham **Mary Seacole House,** Winson Green, Birmingham **Moorside Unit,** Trafford General Hospital, Birmingham **Tamarind Centre,** Birmingham **Meadowbrook Unit,** Salford Royal Hospital **Gardener Unit,** Prestwich, Manchester **Edenfield,** Prestwich, Manchester **North View,** North Manchester General Hospital, London **Laureate House,** Wythenshawe Hospital, Manchester
## **Community**
- Studio time with professional producer
- Artist development with industry experts
- Become part of a musical community
- Set and achieve realistic goals
- Structure and routine
- Acquire new creative and vocational skills
- Learn about the music industry
- Gain insight and self-care techniques
- Build resilience and self-esteem
- Increase confidence and
- agency
- Release recordings on awardwinning record label
Mood-boosting recovery-focused mentoring programmes, tailored to individual interests & aspirations, delivered in professionally equipped studios
Our mentoring programmes provide an opportunity to write and record music with professional producers and develop an identity as an artist – offering a new way of knowing yourself and chance to redefine who you are.
## **What’s included:**
- One-to-one studio and artist development sessions
- Pre-start taster session and assessment
- Professionally produced mixes of tracks
- Develop artist brand and marketing assets
- Industry mentors, professional advice
- Regular open mic events
- Option to release on in-house label including mastering, licensing & distribution
**•** Progression to volunteering, training & employment opportunities
The process of creative collaboration, feel-good factor from finished mixes of musical ideas, encouragement and feedback from mentors, peers and wider audiences, can lift spirits and improve wellbeing.
Completion makes you freer from the limitations of mental health and more aware of your true potential.
## **Added Value:**
- Music industry mentors trained in mental health awareness
- SMS/text reminders for every session
- In-house volunteer programme, concerts and social events
- Liaison with mental health services
- Signposting to wellbeing support
- Completion pack with finished mixes and certificate
- Open pathways to volunteering, work experience and education
- All levels of experience supported, from music-lover to professional
_**“MB was in a settled yet quiet and withdrawn mood as we started the session. He became more enthusiastic and focused as the session progressed. MB was elated and confident as he finished the session, mentioning that he felt too low to come in today because of his PTSD however was glad he attended.”**_
## **Musicians Wellbeing sessions**
- **Fight, Flight, Freeze**
- **Masking**
- **Sleep Hygiene**
- **Setting Boundaries**
- **Healthy Eating & Mood**
- **Performance Anxiety**
- **Intrusive Thoughts**
- **Rumination**
- **What is Mental Health**
- **Active Listening**
- **Emotional Intelligence**
- **Perfectionism**
- **Setting Goals**
- **How Stress Affects**
- **Body & Mind**
- **Facing our fears**
- **Inner voice**
- **Our Behaviours**
- **Mind frame**
- **Calming exercises**
- **Routines**
- **Critical Inner Voice**
- **Performance Anxiety**
- **Mindfulness**
- **Building Resilience**
- **Weather and Mood**
- **Memory**
- **Emotions and the Brain**
- **Compulsive Behaviour**
**Community Locations Feel Good Club,** Manchester **Boxyard Studio,** Cheetham Hill, Manchester **Creative Together,** Manchester **Band on the Wall,** Manchester **Chorlton Arts Festival,** Manchester **4C Community Centre,** Ashton Under Lyne **Tameside MIND Powerhouse,** Moss Side, Manchester **Zonal Studio,** Ardwick, Manchester **Green Fish Resource Centre,** Manchester **The Peer Hat,** Manchester **Manchester Histories Festival Custard Factory Digbeth,** Birmingham **Friction Arts, Digbeth,** Birmingham **Progress Music Academy,** Birmingham **Pop Brixton, Lambeth,** London **BRXTN Village Studios,** Lambeth, London **South London Theatre,** Lambeth, London **The Loft, Hounslow,** London **The Arts Centre,** Hounslow, London **St Mungos,** Hounslow, London **GTech Community Stadium,** Brentford **London Irish Centre,** Camden, London **The Hive,** Camden, London **Warp Studio,** Camden, London **The Vineyard Church,** Enfield, London **Cafe on the Hill,** Ealing, London **The Qube** West, Brent, London **St Mungos,** Mare St, Hackney **The Yaa Centre,** Westminster, London **The Cally Festival** , Islington, London **Islington Assembly Hall,** London **Elizabeth House Community Centre,** Islington, London **St Lukes Community Centre,** Islington, London **Vibast Community Centre,** Islington, London **Islington MIND,** London **Whitecross Street Party,** Islington, London **Autumn Festival, Archway, London St Pancras International Railway Station,** London **The Qube East,** Tower Hamlets, London **Brighton Electric Studio,** Brighton **South Lanes Studio,** Brighton **Theatre Centre,** Crawley
## **Progression**
## **Musicians Wellbeing Network**
Our weekly online facilitated discussion and sharing session explores issues affecting musicians’ mental health and wellbeing. The session is open to service users across all our programmes. Through providing a safe and supportive space for conversations around mental health it develops a unique and culturally-appropriate approach to peer support and self-care.
## **Artist Volunteer Programme**
For artists completing our programme, our Artist Volunteer Programme offers a progression pathway to developing vocational skills and work experience.
The programme aims to improve wellbeing and promote social inclusion whilst developing confidence and agency to move on to education, training or employment.
Artist Volunteers choose from a range of volunteering opportunities taking place each week online and in-person in Manchester, Birmingham, London, Brighton. Roles include supporting and encouraging service user engagement, attending concerts and open mic’s, representing the charity at community, cultural, health and wellbeing events.
Visiting experts and creatives provide skills building sessions for artist development and social media.
Volunteers earn credit from completing each volunteering opportunity towards studio time. Through supporting the charity and its service users, volunteers become part of our community whilst continuing their mental health recovery.
## **Employment**
Service users completing our programmes have the opportunity to progress to paid sessional roles with the charity. Sessional workers undertake mental health and safeguarding training and are employed part-time on Living Wage hourly rates.
## **Artist Volunteer Sessions**
**Blue Festival:** The Art of Mental Health, QMUL London
**Music Industry Mondays,** LCCM
**Bright Lives Health Exchange,** Brickworks Community Centre
**The Network Music Industry** Networking, New Century
**Aniefiok Ekpoudom: Where We Come From,** Voce Books, Birmingham
## **Behind the Pitch, Northeastern University**
**Lambeth HEART,** West Norwood Library
**Symposium – A Prescription for Life,** Manchester Central Library
**Care in disability arts,** Online
**Walk and Talk,** Lasywood Leisure Centre, Birmingham
**AuralPluralities: Ecological Listening,** University of Sussex
**Women of the World Festival,** Factory International
**Feast Norwood,** Norwood Library
**POSE - Signal,** Helm Gallery Brighton
**Open Mic at Enfield Mental Health and Wellbeing Community Forum**
**Culture Mondays,** Manchester Museum
**Introduction to Logic,** dBs Institute
**Creative Café - Heritage and Wellbeing,** Manchester Central Library
**Masculinity, Addiction and Learning to Love with Jordan Stephens,** Avivia Studios
**World of Mouth: Spoken Word,** Cellar Arts Club, Worthing
**Local Wellbeing Network,** Museum of London
**Open Artist Series: Identifying your music community, Canvas**
**How music & sound can aid recovery and process grief,** Streatham Space Project
**Cultural Action & The Performing Arts: Equitable Models of Economic Growth,** University of Manchester
**Sophia Club at the Crick Institute,** London
**Activities on in-patient mental health wards,** ORTUS, Maudsley Hospital
**Brutally Honest: An Evening with Mel B,** Aviva Studios
**Manchester Histories Festival,** Whitworth Gallery
**DMLab NW Presents: The Next Frontier in Accessible MusicMaking,** School of Digital Arts
**Reform Radio, Mind and Music show Wellbeing Workshop: Confidence in Communication,** The Resonance Centre
**The Talent Talk Show,** University of Salford
**An evening of music and conversation with Hak Baker,** UCL
**Driving Creative Health in Enfield with Breathe Arts Health Research**
**Find Your Voice - The art of crafting captivating social media content,** STEAMhouse Birmingham
**Wellbeing Workshop: Confidence in Communication,** Resonance Centre, Manchester
**Birago Day (African and Caribbean Folklore Day) Working Mens College**
## **Studio Discovery**
3 week programme of mentoring, studio sessions, artist development and wellbeing sessions. Manchester, Birmingham, London, Brighton.
## **St Mungo’s**
**Hackney, London** Studio sessions for homeless hostel and local supported living services
## **Creative Together Manchester**
Writing and recording sessions for people with mental health or additional needs
## **Powerhouse**
## **Community Centre Moss Side,**
## **Manchester**
Providing studio sessions for at risk young people
## **Music Events**
## **Skills Bootcamp**
Work experience programme for North London forensic service users
## **Compass Wellbeing / NCEL CAMHS**
Inpatient and community music studio sessions for young people
## **Cally Festival**
**Chortlon Arts Festival** Volunteering and performance opportunities
## **Music Industry**
## **Recovery**
12 week programme of mentoring, studio sessions, artist development and wellbeing sessions Manchester, Birmingham, London, Brighton.
## **The Hive Camden,**
## **London**
Songwriting, production and recording sessions for young people in mental health support
## **The Arts Centre,**
## **Hounslow**
Mentoring programmes for local mental health service users; Open Mic sessions promoting wellbeing in the community
## **TOG Mind Wellbeing Hub**
## **Ashton-under-Lyne**
Music and wellbeing project for local people
## **Veterans Music Club**
Music mentoring programme for ex members of the armed forces
## **North London**
## **NHS Choir**
Community choir for staff, service users, and local residents
## **Men’s Creative**
## **Health Project**
National project for men in secure mental health services
## **Key Changes Records**
Record label, mentoring and wellbeing project
## **Islington MIND**
Mentoring and studio sessions for Islington residents
##
Music can play a valuable role in recovery from mental illness. It can stimulate emotional and aesthetic responses, develop creative, technical, social and vocational skills, improve expression, communication, confidence and self-esteem, and facilitate positive changes in behaviour and wellbeing.
We measure the impact of the services we provide through monitoring reports that record every one-to-one and group session using occupational therapy standards. These are then uploaded on our secure database ‘Lamplight’ and shared with care teams to help inform short and long-term care planning. We additionally use Short Warwick Edinburgh Mental Wellbeing Scale (SWEMWBS) framework to record wellbeing outcomes of participants.
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8000
6000
4000
2000
0 2020 2021 2022 2023 2024
7,493
5,540
Hours of services
Beneficiaries
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Mentoring sessions with specially trained professional producers and industry experts encourage self-expression, creativity, self-care and development of transferable life skills.
Creative one-to-one and group collaboration builds resilience and boosts confidence and agency to move forward with realistic and achievable goals. Culturally-appropriate recovery-focused activities engage participants with poor experiences of conventional support services.
The support we provide aims to reduce rates of relapse, hospital admission and service use, improve overall wellbeing, overcome social isolation, challenge health inequality, stigma and discrimination.
**5540 Total beneficiaries**
**2,465 in hospital 3,075 in community**
**85% increase over 5 years**
**100%**
**Programme participants experiencing mental health difficulties**
**95% unemployed/low income 72% global majority backgrounds 54% homeless/ insecurely housed**
## **70%**
**of participants indicate improvement in mood and/or other mental health presentation**
**32 68 1440 group volunteering sessions, service users progress to Hours of service user 45 training, education or volunteering employment concerts and open mic events** rx **31%** Fr **23%** FX **18%** FX **28% schizophrenia bipolar disorder depression / anxiety other KEY CHANGES THEORY OF CHANGE POSITIVE MENTAL HEALTH THROUGH MUSIC CHALLENGES INTERSECTIONAL ENGAGEMENT PROGRESSION WELLBEING** ‘eo ~~6~~ & & & Mental health Social Isolation Non-judgemental Volunteering & Reduced risk of vocational skills reaching crisis Neurodivergent Trauma 1-1 & group activity development additional needs Increased confidence Racialised Songwriting, Work experience & agency Health inequality communities production, recording, performance Concerts, open mics Improved self care & Poverty & learning events resilience Industry mentors Low educational @ i attainment Professional facilities Peer support Strengthened support networks Certified Unemployment Culturally achievement better public appropriate Housing insecurity understanding &
**PROGRESSION WELLBEING** Volunteering & Reduced risk of vocational skills reaching crisis development Increased confidence Work experience & agency Concerts, open mics Improved self care & & learning events resilience Peer support Strengthened support networks Certified achievement better public understanding & Pathways to empathy employment
Culturally appropriate Pro-social
Stigma and discrimination
Artist development Music industry skills Digital inclusion
Community development
_**“It was when I was going for a check-up with my care coordinator that we saw a leaflet on the wall for Key Changes...**_
_**There were so many thoughts that I had in my head and I didn’t know where they came from. And just things I believed that were really different. Just as an example, there would be a delusion, like there’s some magical thing happening, or there was one that I believed where there was this giant robot that was in control of the earth or something. So just thoughts like that, they came out of nowhere. And yeah, so the hardest thing was probably getting back to a sound mind again. And definitely even when I made my first song with a mentor from Key Changes it felt very uplifting - like I can actually do this. Once I listened to it I was so impressed - it inspired me to make more. I thought if I can do this here, then there’s nothing**_ ~ _**stopping me at home from doing it. What’s so amazing about what I’ve witnessed in Key Changes is just the ability to open up all these opportunities and have these professionals show you what’s possible.”**_ P
##
## **Financial Review**
Key Changes generated total income of £437,371 (2023: £332,146) in 2023/24 of which £209,911 (2023: £209,789) was unrestricted or earned income and restricted income of £227,460 (2023: £122,357), with total expenditure of £440,715 (2023: £550,820).
## **Reserves Policy**
The trustees seek to maintain a financial reserve in order to protect the organisation and its services from financial disruption and provide working capital for innovation and service development. In order to maximise funding of service delivery and minimize unnecessary retention of income, the trustees have determined that the organisation needs free reserves to cover three months of core costs, and one month of project delivery costs. At budgeted activity levels this equates to £31,000. At the end of the reporting period the charity held reserves of £32,433 (2023: £35,777) of which £6,925 (2023: £2,082) were in relation to the restricted reserves and £25,508 (2023: £33,695) unrestricted reserves.
## **Jackson & Jackson**
**A trading name of Jackson Nicholas Assie Limited Chartered Certified Accountants & Statutory Auditors Suite 7, Meridian House 62 Station Road, Chingford London E4 7BA**
**----- Start of picture text -----**
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Independent examiner’s report to the trustees
PAGE 24
Statement of financial activities (including income and expenditure account)
PAGE 26
Statement of financial position
PAGE 27
Statement of cash flows
PAGE 29
Notes to the financial statements
PAGE 30
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## **Jackson & Jackson**
**A trading name of Jackson Nicholas Assie Limited Chartered Certified Accountants & Statutory Auditors Suite 7, Meridian House 62 Station Road, Chingford London E4 7BA**
**----- Start of picture text -----**
os
(Continued)
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director’s Report)
Year ended 31 March 2024
Small company provisions
This report has been prepared in accordance with the provisions
applicable to companies entitled to the small companies exemption.
The trustees’ annual report was approved on 22 January 2025 and signed on
behalf of the board of trustees by:
Elliot Jack
Trustee
22
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## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees of Key Changes: Positive Mental Health Through Music Limited**
## **Year ended 31 March 2024**
I report to the trustees on my examination of the financial statements of Key Changes: Positive Mental Health Through Music Limited ('the charity') for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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 2006 Act other than any requirement that the accounts 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 24 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
**Independent Examiner's Report to the Trustees of Key Changes: Positive Mental Health Through Music Limited** _**(continued)**_
## **Year ended 31 March 2024**
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 accounts to be reached.
**John Assie FCCA Independent Examiner Jackson Nicholas Assie Limited Chartered Certified Accountants** Suite 7, Meridian House 62 Station Road Chingford London E4 7BA
23 January 2025
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 25 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 March 2024**
||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|5,845|–|5,845|1,661|
|Charitable activities|**6**|204,046|227,460|431,506|329,994|
|Other income|**7**|20|–|20|491|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Total income**||209,911|227,460|437,371|332,146|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of raising donations and||||||
|legacies|**8**|(18)|(176)|(194)|(266)|
|Expenditure on charitable activities|**9,10**|(212,267)|(228,254)|(440,521)|(550,554)|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Total expenditure**||(212,285)|(228,430)|(440,715)|(550,820)|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Net expenditure**||(2,374)|(970)|(3,344)|(218,674)|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|Transfers between funds||(5,813)|5,813|–|–|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Net movement in funds**||(8,187)|4,843|(3,344)|(218,674)|
|**Reconciliation of funds**||||||
|Total funds brought forward||33,695|2,082|35,777|254,451|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Total funds carried forward**||25,508|6,925|32,433|35,777|
|||`═════════`|`═════════`|`═════════`|`═════════`|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 19 to 34 form part of these financial statements.**
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 26 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **31 March 2024**
|||**2024**|2023|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**17**|1,162|3,768|
|**Current assets**||||
|Debtors|**18**|50,232|66,477|
|Cash at bank and in hand||43,084|64,501|
|||`────────`|`─────────`|
|||93,316|130,978|
|**Creditors: amounts falling due within one year**|**19**|(34,570)|(58,150)|
|||`────────`|`─────────`|
|**Net current assets**||58,746|72,828|
|||`────────`|`────────`|
|**Total assets less current liabilities**||59,908|76,596|
|**Creditors: amounts falling due after more than one year**|**20**|(27,475)|(40,819)|
|||`────────`|`────────`|
|**Net assets**||32,433|35,777|
|||`════════`|`════════`|
|**Funds of the charity**||||
|Restricted funds||6,925|2,082|
|Unrestricted funds||25,508|33,695|
|||`────────`|`────────`|
|**Total charity funds**|**22**|32,433|35,777|
|||`════════`|`════════`|
For the year ending 31 March 2024, the charity was entitled 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 financial statements 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 financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 27 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Position** _**(continued)**_
## **31 March 2024**
These financial statements were approved by the board of trustees and authorised for issue on 22 January 2025, and are signed on behalf of the board by:
Elliott Jack Mark Vincent Trustee Trustee
## **The notes on pages 19 to 34 form part of these financial statements.**
Company Registration Number: 4641867
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 28 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Statement of Cash Flows**
## **Year ended 31 March 2024**
||**2024**|2023|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net expenditure|(3,344)|(218,674)|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|2,606|4,468|
|Interest payable and similar charges|3,443|4,337|
|Accrued expenses|7,657|18,293|
|_Changes in:_|||
|Trade and other debtors|626|4,149|
|Trade and other creditors|(15,618)|24,656|
||`────────`|`─────────`|
|Cash generated from operations|(4,630)|(162,771)|
|Interest paid|(3,443)|(4,337)|
||`───────`|`─────────`|
|Net cash used in operating activities|(8,073)|(167,108)|
||`═══════`|`═════════`|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|–|(3,482)|
||`───────`|`─────────`|
|Net cash used in investing activities|–|(3,482)|
||`═══════`|`═════════`|
|**Cash flows from financing activities**|||
|Proceeds from borrowings|(13,344)|(11,440)|
||`────────`|`─────────`|
|Net cash used in financing activities|(13,344)|(11,440)|
||`════════`|`═════════`|
|**Net decrease in cash and cash equivalents**|(21,417)|(182,030)|
|**Cash and cash equivalents at beginning of year**|64,501|246,531|
||`────────`|`─────────`|
|**Cash and cash equivalents at end of year**|43,084
`════════`|64,501
`═════════`|
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 29 -
**Key Changes: Positive Mental Health Through Music Limited**
# **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 31 March 2024**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Green Fish Resource Centre, 46-50 Oldham Street, Manchester, M4 1LE.
## **2. Statement of compliance**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
The trustees have considered all relevant factors on the charity’s activities and have concluded there is no significant impact on the entity.
It is therefore considered that the going concern status remains intact and there are no material uncertainties about the charity’s ability to continue.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## Significant judgements
There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 30 -
**Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
**3. Accounting policies** _**(continued)**_
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 31 -
**Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
**3. Accounting policies** _**(continued)**_
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Operating leases**
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment - Straight line over 3 years
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 32 -
**Key Changes: Positive Mental Health Through Music Limited**
# **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
**3. Accounting policies** _**(continued)**_
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 33 -
**Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **3. Accounting policies** _**(continued)**_
## **Defined contribution plans**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
## **4. Limited by guarantee**
Key Changes is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
## **5. Donations and legacies**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|**Donations**|||||
|Donations|5,845|5,845|1,661|1,661|
||`═══════`|`═══════`|`═══════`|`═══════`|
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 34 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **6. Charitable activities**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2024**|
||£|£|**£**|
|Fees - Music Engagement and Recovery Services||||
|and Musical Performances|195,232|–|195,232|
|Lottery Reaching Communities|–|45,975|45,975|
|Arts Council|–|37,792|37,792|
|City of London|–|36,840|36,840|
|National Foundation of Youth Music|–|33,308|33,308|
|Sussex Partnership NHS Foundation Trust|–|15,155|15,155|
|Garfield Weston Foundation|–|15,000|15,000|
|Postcode Community|–|14,725|14,725|
|Lottery Community Fund|–|10,000|10,000|
|London Community Foundation – Together for||||
|London|–|9,200|9,200|
|CRH Foundation|–|6,250|6,250|
|Eveson Trust|3,000|–|3,000|
|Coop Local Community Fund|2,518|–|2,518|
|London Catalyst|–|2,000|2,000|
|LBU – Manchester Market Street|1,500|–|1,500|
|Norwood Forum|–|1,215|1,215|
|Tamesside|850|–|850|
|Groundwork UK|500|–|500|
|LB Islington|350|–|350|
|Other income - event|96|–|96|
||`─────────`|`─────────`|`─────────`|
||204,046|227,460|431,506|
||`═════════`|`═════════`|`═════════`|
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 35 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
|**6.**|**Charitable activities** **_(continued)_**|||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2023|
||||£|£|£|
||Fees - Music Engagement and Recovery|Services||||
||and Musical Performances||182,787|23,500|206,287|
||City of London||–|42,922|42,922|
||National Foundation of Youth Music||–|29,977|29,977|
||Tudor Trust||–|25,000|25,000|
||Charles French Charitable Trust||5,000|–|5,000|
||The Shears Foundation||5,000|–|5,000|
||Brook Young People||4,950|–|4,950|
||The D’Oyly Charitable Trust||3,000|–|3,000|
||Morris Charitable Trust||2,650|–|2,650|
||Lloyds Bank Foundation||2,250|–|2,250|
||Manchester Guardian||1,000|–|1,000|
||MBF NOI - Help Musicians||1,000|–|1,000|
||Baring||–|958|958|
||||`─────────`|`─────────`|`─────────`|
||||207,637|122,357|329,994|
||||`═════════`|`═════════`|`═════════`|
|**7.**|**Other income**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2024**|Funds|2023|
|||£|**£**|£|£|
||Royalty|20
`════`|20
`════`|491
`════`|491
`════`|
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 36 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **8. Costs of raising donations and legacies**
|||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|
|||Funds|Funds|**2024**|
|||£|£|**£**|
||Costs of raising donations and legacies - Fundraising||||
||costs|18|176|194|
|||`════`|`════`|`════`|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||£|£|£|
||Costs of raising donations and legacies - Fundraising||||
||costs|266|–|266|
|||`════`|`════`|`════`|
|**9.**|**Expenditure on charitable activities by fund type**||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2024**|
|||£|£|**£**|
||Recovery support and artist development|187,540|213,452|400,992|
||Support costs|24,727|14,802|39,529|
|||`─────────`|`─────────`|`─────────`|
|||212,267|228,254|440,521|
|||`═════════`|`═════════`|`═════════`|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||£|£|£|
||Recovery support and artist development|190,897|276,727|467,624|
||Support costs|59,937|22,993|82,930|
|||`─────────`|`─────────`|`─────────`|
|||250,834|299,720|550,554|
|||`═════════`|`═════════`|`═════════`|
## **10. Expenditure on charitable activities by activity type**
||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly|Support costs|**2024**|2023|
||£|£|**£**|£|
|Recovery support and artist|||||
|development|400,992|21,720|422,712|536,529|
|Governance costs|–|17,809|17,809|14,025|
||`─────────`|`────────`|`─────────`|`─────────`|
||400,992|39,529|440,521|550,554|
||`═════════`|`════════`|`═════════`|`═════════`|
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 37 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **11. Analysis of support costs (excluding governance costs)**
||Recovery,|||
|---|---|---|---|
||Support and|||
||Artist|||
||Development|**Total 2024**|Total 2023|
||£|**£**|£|
|Staff costs|–|–|1,757|
|Premises|–|–|3,349|
|Volunteer Expenses|812|812|2,563|
|Office and Studio Rent|10,375|10,375|42,087|
|Marketing, Publicity and Website|989|989|5,793|
|Printing, Postage and Stationery|1,007|1,007|1,002|
|Telecommunications|1,177|1,177|861|
|Computer Expenses|1,304|1,304|1,882|
|Equipment|451|451|1,969|
|Membership and Subscription|681|681|73|
|Insurance|1,382|1,382|1,024|
|Miscellaneous|3,542|3,542|6,545|
||`────────`|`────────`|`────────`|
||21,720|21,720|68,905|
||`════════`|`════════`|`════════`|
## **11a. Analysis of governance costs**
||**Total 2024**|Total 2023|
|---|---|---|
||**£**|£|
|Independent Examiners Fees|3,570|4,032|
|Bookkeeping-Payroll|13,747|9,615|
|DBS|140|0|
|AGM/Board Meeting Expenses|173|365|
|Legal and Professional Fees|179|13|
||`────────`|`────────`|
||17,809|14,025|
||`════════`|`════════`|
## **12. Net expenditure**
Net expenditure is stated after charging/(crediting):
|Net expenditure is stated after charging/(crediting):|||
|---|---|---|
||**2024**|2023|
||**£**|£|
|Depreciation of tangible fixed assets|2,606|4,468|
|Operating lease rentals|10,060|42,088|
||`═══════`|`════════`|
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 38 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **13. Independent examination fees**
||**2024**|2023|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|3,570|4,032|
||`═══════`|`═══════`|
## **14. Staff costs**
|The total staff costs and employee benefits for the reporting period are analysed as|The total staff costs and employee benefits for the reporting period are analysed as|follows:|
|---|---|---|
||**2024**|2023|
||**£**|£|
|Wages and salaries|164,675|184,796|
|Social security costs|10,200|11,876|
|Employer contributions to pension plans|3,340|3,618|
||`─────────`|`─────────`|
||178,215|200,290|
||`═════════`|`═════════`|
|The average head count of employees during the year was 11 (2023: 12). The average number|The average head count of employees during the year was 11 (2023: 12). The average number|The average head count of employees during the year was 11 (2023: 12). The average number|
|---|---|---|
|of full-time equivalent employees during the year is analysed as follows:|||
||**2024**|2023|
||**No.**|No.|
|Number of staff|8|8|
||`════`|`════`|
|The number of employees whose remuneration for the year fell within the|following bands, were:||
||**2024**|2023|
||**No.**|No.|
|£60,000 to £69,999|1|1|
||`════`|`════`|
## **Key Management Personnel**
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £66,299 (2023: £64,025).
## **15. Trustee remuneration and expenses**
- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or
- no trustee expenses have been incurred.
- one or more trustees has claimed expenses or had their expenses met by the charity.
During the year Adam Thomas had expenses to the value of £90 being reimbursed to cover supervision expenses.
## **16. Transfers between funds**
The transfers between funds were reclassification of income based on the terms of the grant.
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 39 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **17. Tangible fixed assets**
|**17.**|**Tangible fixed assets**|||
|---|---|---|---|
||||**Fixtures and**|
||||**fittings**|
||||**£**|
||**Cost**|||
||**At 1 April 2023 and 31 March 2024**||13,403|
||||`════════`|
||**Depreciation**|||
||At 1 April 2023||9,635|
||Charge for the year||2,606|
||||`────────`|
||**At 31 March 2024**||12,241|
||||`════════`|
||**Carrying amount**|||
||**At 31 March 2024**||1,162|
||||`════════`|
||At 31 March 2023||3,768|
||||`════════`|
|**18.**|**Debtors**|||
|||**2024**|2023|
|||**£**|£|
||Trade debtors|43,967|47,330|
||Prepayments and accrued income|–|15,619|
||Other debtors|6,265|3,528|
|||`────────`|`────────`|
|||50,232|66,477|
|||`════════`|`════════`|
|**19.**|**Creditors:** **amounts falling due within one year**|||
|||**2024**|2023|
|||**£**|£|
||Bank loans and overdrafts|14,407|14,407|
||Trade creditors|14,720|24,671|
||Accruals and deferred income|3,570|11,532|
||Social security and other taxes|1,873|7,416|
||Net wages|–|124|
|||`────────`|`────────`|
|||34,570|58,150|
|||`════════`|`════════`|
||There are no pension liabilities at the end of the year|||
|**20.**|**Creditors:** **amounts falling due after more than one year**|||
|||**2024**|2023|
|||**£**|£|
||Bank loans and overdrafts|27,475|40,819|
|||`════════`|`════════`|
**21. Pensions and other post-retirement benefits**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,340 (2023: £3,618).
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 40 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **22. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||||
|---|---|---|---|---|---|---|---|
|||At|||||**At**|
||1|April 2023|Income|Expenditure|Transfers|**31 March 2024**||
|||£|£|£|£||£|
|General funds||33,695|209,911|(212,285)|(5,813)||25,508|
|||`════════`|`═════════`|`═════════`|`═══════`||`════════`|
|||At|||||At|
||1|April 2022|Income|Expenditure|Transfers||31 March 2023|
|||£|£|£|£||£|
|General funds||33,226|209,789|(251,100)|41,780||33,695|
|||`════════`|`═════════`|`═════════`|`════════`||`════════`|
## **22. Analysis of charitable funds** _**(continued)**_
## **Restricted funds**
|**Restricted funds**||||||
|---|---|---|---|---|---|
||At||||**At**|
||1 April 2023|Income|Expenditure|Transfers|**31 March 2024**|
||£|£|£|£|£|
|Tudor Trust|191|–|–|–|191|
|National Foundation of||||||
|Youth Music|58|33,308|(36,423)|3,120|63|
|CRH Foundation|–|6,250|(6,311)|61|–|
|Postcode Community|186|14,725|(14,719)|–|192|
|Arts Council|32|37,792|(37,768)|–|56|
|Baring|19|–|–|–|19|
|City of London|843|–|–|–|843|
|London Borough of||||||
|Hounslow|753|–|–|–|753|
|Awards For All|–|10,000|(9,938)|–|62|
|City Bridge Foundation|–|36,840|(39,472)|2,632|–|
|Community Fund -||||||
|Reaching Communities|–|45,975|(45,959)|–|16|
|Garfield Weston||||||
|Foundation|–|15,000|(14,954)|–|46|
|London Catalyst|–|2,000|(1,902)|–|98|
|London Community||||||
|Foundation - Together||||||
|for London Fund|–|9,200|(9,198)|–|2|
|Norwood Forum|–|1,215|(411)|–|804|
|Sussex Partnership||||||
|NHS Foundation Trust|–|15,155|(11,375)|–|3,780|
||─────────────────────────|||───────|───────|
||2,082|227,460|(228,430)|5,813|6,925|
||═════════════════════════|||═══════|═══════|
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 41 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **22. Analysis of charitable funds** _**(continued)**_
||At||||At|
|---|---|---|---|---|---|
||1 April 2022|Income|Expenditure|Transfers|31 March 2023|
||£|£|£|£|£|
|Lloyds Bank Foundation|45,000|–|(45,000)|–|–|
|Tudor Trust|48,147|25,000|(72,956)|–|191|
|National Foundation of||||||
|Youth Music|22,945|29,977|(52,864)|–|58|
|CRH Foundation|6,250|–|–|(6,250)|–|
|Old Oak Park|12,500|–|(12,500)|–|–|
|Postcode Community|7,878|–|(7,692)|–|186|
|The Smith Foundation|2,500|–|–|(2,500)|–|
|The Pixel Fund|3,200|–|–|(3,200)|–|
|Arts Council|15,165|–|(15,133)|–|32|
|Baring|1,192|958|(2,131)|–|19|
|City of London|–|42,922|(42,079)|–|843|
|Brook Young People|4,950|–|–|(4,950)|–|
|The Swire Charitable||||||
|Trust|24,880|–|–|(24,880)|–|
|Miscellaneous funds|26,618|–|(26,618)|–|–|
|London Borough of||||||
|Hounslow|–|23,500|(22,747)|–|753|
||───────────────────────────────────||||───────|
||221,225|122,357|(299,720)|(41,780)|2,082|
||═══════════════════════════════════||||═══════|
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 42 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **22. Analysis of charitable funds** _**(continued)**_
Lloyds Bank Foundation - The funding was to facilitate salary costs of the young music leaders programme manager.
Tudor Trust - The funding was to facilitate salary costs for an operations manager.
Arts Council - The funding was to provide a record label.
Baring Foundation - The funding was for health equality.
City of London - The funding was for young people services by providing funding towards the salary of the Community Gateway Manager.
London Borough of Hounslow - The funding is to help create a music studio plus provide music sessions.
National Federation of Youth Music - The grant is to provide music services to young people.
Old Oak Park - The funding was provided to continue running music activities on the wards at Park Royal Centre for Mental Health.
Postcode Community - The grant was to fund the Studio Discovery programme for young people in mental health recovery.
The Smith Foundation - The grant was to fund the East Sussex Studio Discovery programme.
Brooke Young People - The grant was to fund the generic Studio Discovery programme.
The Swire Charitable Trust - The grant was to fund the generic Studio Discovery programme.
Awards for All – To fund the Community Programme.
City Bridge Foundation – To fund the Community Programme.
Community Fund – Reaching Communities – To fund the Community Programme.
Garfield Weston Foundation – To fund the Community Programme.
London Catalyst – To fund the Community Programme.
London Community Foundation (Together for London Fund) – To fund the Community Programme.
Norwood Forum – To fund the Community Programme.
Sussex Partnership NHS Foundation Trust – To fund the Community Programme.
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 43 -
## **Key Changes: Positive Mental Health Through Music Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2024**
## **23. Analysis of net assets between funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2024**|
||£|£|**£**|
|Tangible fixed assets|1,162|–|1,162|
|Current assets|86,391|6,925|93,316|
|Creditors less than 1 year|(34,570)|–|(34,570)|
|Creditors greater than 1 year|(27,475)|–|(27,475)|
||`────────`|`───────`|`────────`|
|**Net assets**|25,508|6,925|32,433|
||`════════`|`═══════`|`════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2023|
||£|£|£|
|Tangible fixed assets|3,768|–|3,768|
|Current assets|128,896|2,082|130,978|
|Creditors less than 1 year|(58,150)|–|(58,150)|
|Creditors greater than 1 year|(40,819)|–|(40,819)|
||`─────────`|`───────`|`─────────`|
|**Net assets**|33,695|2,082|35,777|
||`═════════`|`═══════`|`═════════`|
## **24. Analysis of changes in net debt**
||||**At**|
|---|---|---|---|
||At 1 Apr 2023|Cash flows|**31 Mar 2024**|
||£|£|**£**|
|Cash at bank and in hand|64,501|(21,417)|43,084|
|Debt due within one year|(58,150)|23,580|(34,570)|
|Debt due after one year|(40,819)|13,344|(27,475)|
||`────────`|`────────`|`────────`|
||(34,468)|15,507|(18,961)|
||`════════`|`════════`|`════════`|
## **25. Operating lease commitments**
|The total future minimum lease payments under non-cancellable operating leases are|The total future minimum lease payments under non-cancellable operating leases are|as follows:|
|---|---|---|
||**2024**|2023|
||**£**|£|
|Not later than 1 year|2,617|18,277|
|Later than 1 year and not later than 5 years|5,234|7,851|
||`───────`|`────────`|
||7,851|26,128|
||`═══════`|`════════`|
## **26. Post balance sheet events**
There are no post balance sheet events to disclose.
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 44 -
## **Key Changes: Positive Mental Health Through Music Limited**
# **Company Limited by Guarantee**
**Notes to the Financial Statements** _**(continued)**_
**Year ended 31 March 2024**
## **27. Related parties**
During the year £4,868 was paid to M Vincent (trustee) for consulting and training services. In the previous year there was a payment of £3,562 to M Vincent for the same services.
_Jackson Nicholas Assie Limited Chartered Certified Accountants_
- 45 -
**Arts Council England Baring Foundation**
**Birmingham and Solihull Mental Health NHS Foundation Trust**
**Central & North West London NHS Foundation Trust**
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Thank you to our
funders & supporters
**----- End of picture text -----**
**City Bridge Foundation**
**Compass Wellbeing**
**Co-Operative Community Fund**
**Cygnet Healthcare**
**D’Oyly Carte Charitable Trust**
**East London NHS Foundation Trust**
**Figurative**
**Focusrite**
**Globals Make Some Noise Charity**
**Greater Manchester Mental Health NHS Foundation Trust**
**Hays Travel Foundation**
**Heads On Charity**
**London Borough of Hounslow**
**London Borough of Islington**
**London Community Foundation**
**Manchester Airport Community Trust Fund**
**NESTA Cultural Impact Development Fund**
**North Central and East London Provider Collaborative**
**North London Forensic Collaborative**
**North London NHS Foundation Trust**
**Soundtoys**
**South London & Maudsley NHS Foundation Trust**
**Specialist Community Forensic Team**
**Sussex Partnership NHS Foundation Trust**
**The National Lottery Community Fund**
**----- Start of picture text -----**
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**----- End of picture text -----**
**Tudor Trust**
**Warp Music Publishing West London NHS Trust**
**Youth Music**