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2023-03-31-accounts

MUSIC FOR GOOD AGM

12[th] December 2023 6:00 to 7:30pm

Minutes

Chair Trevor Smith

The AGM was attended by Claire Beckett, Trevor Smith, Jo Erwin, Margaret Barlow, Nigel Walker and Emily Foulkes. A Potential Trustee Navine Arles also attended. The meeting was conducted over zoom

Emily introduced Nav, who has an extensive background in music. He is an accomplished pianist, choir leader, involved in theatre, music education and other aspects of music, with a keen interest in the use of music for physical and mental health. Nav also said a few words about his background and the potential for Music as a medium for better health.

None

Agreed as an accurate account of the event.

The Board had reviewed the accounts in advance of the meeting. A new accountant, Koreen James, had been used this year as Dick, our normal accountant was unavailable. Emily was very impressed with the work done and suggested that we use Koreen going forward.

The accounts were agreed, approved, and signed and Trevor will submit the accounts on behalf of the charity, ensuring all obligations are fulfilled.

Music for Good secured a total of £78,436 (2022: £115,267) in the financial year 2022/23. Of this, £11,346 was unrestricted and £78,436 was restricted. Main sources of funding were Youth Music, Cornwall Music Education Hub, The Lottery and contributions from Schools, including AP Academies. Small pots of funding have been received for Singing for Health provision directly from participants

Income from consultancy was £26,000 more than the previous year, confirming our move from mainly relying on grants, to generating our own income. This comes mainly from Practitioners doing Project Management work. Emily explained that we are now using a day a week model, whereby our Practitioners try to work in units of a

day, rather than an hour or two. This is much more efficient for both MFG and the customer.

Income was down from then previous year, some of this is due to the timing of grants being included in the Financial Year. £6k of unrestricted income was from Singing for health, the aim is to at least double that. Bas is the main cost and resource for this.

Grant funding was, and continues to be challenging, due to financial climate and increased numbers of charities applying. We are continuing to diversify to generate more of our own income.

Embedding a practitioner in Lowena continues to be successful, further funding for this and the GP surgery has been confirmed. The impact of these projects can be seen via podcasts on our website.

MFG won a national award in February, the Rocksteady award for inclusive, innovative and progressive work.

We are running training sessions for Trauma informed singing, 5 or 6 sessions of 2.5 hours duration., attended online by 20 people from UK, Canada, Africa and other geographies.

Emily ran a Trauma informed training session in Sunderland for 20 people via the Music Hub.

Teressa is being groomed to deliver this training and probably 2 others. Giles will also be delivering more training, and is now working within schools on general wellbeing, not just through music. These are all examples of MFG diversifying our income to be less grant dependant. However, there is competition in this market from other organisations such as Music Service. We need to keep our methods confidential to maintain our market lead.

We have recruited new practitioners, and as we market our services more widely, will continue to do so.

An away day will be held in January to finalise a Business Plan and action plan. We need to find some marketing resource and a Trustee with this experience would be ideal.

Annie will be on maternity leave from February and the plan is to use Michelle Nineham to cover the maternity leave period. Loveday continues to be involved in the Youth Music strategy and we need to find a way to keep her involved.

Nas suggested that all vocal leaders should be certified in mental health training and believes that there would be huge demand for this. He stated that there are 42k choirs in the UK with 1.2 million singers.

Nigel suggested that we set up a donations page on the website, it was agreed that we should discuss this at the proposed away day. Also, the idea of a ‘Singing for Health’ day could be used to raise awareness and funds.

Navine was proposed as a Trustee by Nigel, seconded by Jo and voted in unanimously. Nigel and Claire resigned their roles as Trustees, but were then nominated by Jo, and seconded by Trevor to serve another term. This was passed unanimously.

It was agreed that we need to expand the numbers and expertise of our Trustees and begin advertising for them. A Health care professional would be a priority.

Next Board meeting will be in January as an away day, with as many people as possible attending in person.

We were nominated for a Youth Music award, in October 2023, we were not successful, but Emily made a number of exciting contacts including the NHS England children and Young people Mental Health lead person, who is due in St Austell with her team. Emily will meet with them.

Signed as a true record

Trevor Smith, Chair and Trustee 13/12/2023

DocuSign Envelope ID: 2F1B99D6-3840-4454-84A7-D61B6AD52607

Charity Registration No. 1108212 Company Registration No. 5321825 (England and Wales)

MUSIC FOR GOOD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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MUSIC FOR GOOD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Trevor Smith - Chair Nigel Walker Josephine Erwin Claire Beckett Margaret Barlow

Senior management team

Emily Foulkes – Director

Charity number 1108212

Company number 5321825

Registered office

Krowji, West Park, Redruth, TR15 3AJ

Independent examiner

Koreen James FMAAT Synergy Accounting 6 Deer Park Close Teignmouth Devon TQ14 9HQ

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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MUSIC FOR GOOD
CONTENTS
Page
Trustees' report 1 - 5
Statement of trustees' responsibilities 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet
Notes to the financial statements 10 - 15

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MUSIC FOR GOOD

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 MARCH 2023

The Trustees, who are also directors of the charity, present their report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)”.

Our Aims and Objectives

Music for Good is a charitable company limited by guarantee and was set up in 2001, incorporated in 2004. It is governed by a memorandum and articles of association.

The objects of the Company are for the benefit of people residing in Cornwall and other areas (the “area of benefit”), with an emphasis on those experiencing barriers (e.g as a result of social and/or economic exclusion), to advance education and appreciation of music by:

Ensuring our work delivers out Aims

Music for Good reviews its aims, objectives and activity throughout the year to ensure that our activities are developed in accordance with out stated charitable purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Safeguarding

We have in place quality and assurance systems that include

1

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This provides Music for Good with key information about:

The focus of our work

Our main purpose continues to be delivering and facilitating high quality inclusive music making opportunities which support education and learning and promote health and wellbeing. The strategies we use to meet these objectives include:

Vision

Following some organisational development we reviewed and refreshed our vision, mission and guiding values.

Our vision is to create a world where we understand and value each other with a landscape of learning that is person centred.

We aim to develop the sector promoting inclusion and social cohesion as we go and work to break down the barriers of exclusion, poor health and lack of opportunity that prevent people from accessing the transformative world of music making.

Mission

To build inclusive, sustainable, high quality music making provision led by skilled and supported practitioners That work in collaboration with communities, partners and music practitioners.

To increase the musical, personal and social outcomes for individuals and communities experiencing barriers.

2

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Values

Music for Good Guiding Principles

Our model – research and evidence-based

How our activities deliver public benefit

Our charitable activities focus on providing people with access to engage in high quality musical activities which aim to promote education and learning and support health and well-being. We do this through targeting work in identified areas and with identified participants.

Since its inception, Music for Good has worked in partnership with agencies and organisations. Many agencies including the Cornwall Music Education Hub, the NHS and the Local Authority recognise and value the benefits our services provide, across the age ranges.

Our work is recognised as having far reaching benefits beyond increasing music making skills. Participants experience increased confidence, greater abilities to work with others, improved focus and concentration and readiness to learn. Others report improvements in feelings of well-being and tangible health benefits, reducing reliance on medications.

Priority Areas

Music for Good has identified the following priority areas in its Business Plan to focus and refine our offer: they are:

Supporting Education and Learning Promoting Health and Wellbeing

At the heart of all our work is the underpinning value of inclusion for all, regardless of background, circumstance or ability.

3

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Current climate

We continue to witness the rippling effects of the Covid-19 pandemic and this coupled with mounting financial hardships and the rise in the cost of living, we are presented with challenges as well as a greater need for our type of services. We continue to see over subscription for our services and have a back-log of referrals (in our social prescribing project). During this period, we were able to return fully to in person delivery in settings. A combination of grant funding and commissions provided a variety of opportunities for practitioners to deliver in a range of settings – spanning mostly health and education. We have worked hard to advocate for the model of ‘a day a week’ to embed practitioners into the ethos and micro-climate of the settings. This provides a deeper and more holistic, plus a more cost effective model. We continue to work hard to promote this model. During this reporting period we experienced a very unsettling time with the relocation of the Music Education Hub. The foundations that had been developed over more than 10 years became threatened when Cornwall Council made the decision to discontinue its role as host of the Music Hub. This led to a series of events which caused significant unrest within the music education sector in Cornwall. Relationships were risked and the future of the Music Hub was uncertain. Following a period of open tendering, the contract for the Music Hub was passed to As One Perform under a new CiC. The existing Hub Management team were moved across to the new host, helping to maintain some consistency. However, there was an impact on delivery and access to funds to deliver activities for the Hub. We maintain positive relationships with the Hub management team and many other partners in the Hub. We continue to sit on the Strategic Advisory Group as specialists in inclusion and well-being.

Unfortunately, we were faced with having to wind down our Singing for Health groups (which had been delivered online and with some in person/hybrid sessions). This area of work remains a priority for our organisation and we continue to develop our strategic work via the Singing for Health Network (SHN). Activities within the SHN included online networking events to connect practitioners with each other, a pilot online group supervision pilot with a Psychologist and a number of webinars. Membership has been steady and this needs to build in order for the network to be self-sustaining. It has enabled us to develop partnerships on a national and international level and we are working with partners to develop avenues for income generation. This includes working with an academic institution to secure funds for researchers and practitioners to connect and network with each other. In the surge of the creative health/arts and health movement, it has been vital for us to keep close to the pulse and ensure we are abreast of policy and initiatives. This includes connecting with the National Centre for Creative Health and the National Academy for Social Prescribing, among others. We remain flexible and responsive to the emerging context around arts and health, as we see this as an area that we can make a significant contribution to.

As we continue to navigate uncertain times, it is a high priority to continue to build our commissioned services, including training and the Singing for Health Network. We recognise that competition for grant funding is high and therefore we need to continue to diversify our income. This is challenging, with limited capacity within the small team and we are often stretched beyond this capacity, relying on the commitment and goodwill of staff. Our aim is to build the capacity of the Board, looking to recruit new Trustees who can support the team more proactively in the future. We also plan to expand partnerships, locally, regionally and nationally, in order to forge mutually beneficial relationships which could help to maximise resources.

Building our reputation and sharing our learning has been a priority. We are proud to be recipients of the Rocksteady Award for Inclusive and Progressive Music Education and the National Music and Drama Education Awards in February 2023. We launched a podcast series and published a number of case studies and blogs, all of which has raised our profile and driven up the demand for and recognition of our services.

4

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FINANCIAL REVIEW

Music for Good secured a total of £78,436 (2022: £115,267) in the financial year 2022/23. Of this, £11,346 was unrestricted (2022: £18,060) and £67,090 (2022: £97,207) was restricted. Main sources of funding were Youth Music, Cornwall Music Education Hub, The Lottery and contributions from Schools, including AP Academies. There has been a steady flow of income received for Singing for Health provision directly from participants. Despite a down-turn in income overall, we continue to work towards greater diversification of income.

Reserves Policy

The Board of Trustees has worked with the staff team to develop a Business Plan which ultimately is about ensuring the sustainability of the organisation. Part of that process involved looking at the risks the organisation faced. The Board has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 3 months of the expenditure.

Suggested Reserves
Staff salaries (3 months) £3,000
Other overheads (3 months) £0
Redundancy lay-away £2,000
Other contingency £500
Total Suggested Reserves £5,500

Financial Statement

Company law requires that Senior Management and the Board of Trustees (the Management Committee) prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.

5

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STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Music for Good, for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

This report has been prepared in accordance with the Charities SORP 2015 (FRS102); and in accordance with the special provision of the Companies Act 2006 relating to small entities

13/12/2023

This report was approved by the Trustees on…………………………….

On behalf of the Trustees…………………………………………………….(signatory 1)

(print name)

On behalf of the Trustees…………………………………………………….(signatory 2)

Jo Erwin

(print name)

6

DocuSign Envelope ID: 2F1B99D6-3840-4454-84A7-D61B6AD52607

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSIC FOR GOOD

Charity number 1108212 Company number 5321825

I report to the trustees on my examination of the financial statements of Music for Good (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 386 of the 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).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed

Date

Koreen James – Fellow of the Association of Accounting Technicians (FMAAT) Synergy Accounting 6 Deer Park Close Teignmouth Devon TQ14 9HQ

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Music For Good

Statement of Financial Activities for the year ended 31st March 2023

Restricted Unrestricted Total Restricted Unrestricted Total
Funds Funds Funds Funds Funds Funds
Notes 2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Income
Income from:
Interest receivable - 440 440 - 6 6
Donations and legacies - - - - - -
Charitable activities
Grants and contracts 67,090 3,341 70,431 97,207 18,054 115,261
Income from activities 10 - 7,565 7,565 - - -
Total Income 67,090 11,346 78,436 97,207 18,060 115,267
Expenditure on:
Charitable activities 9 69,275 17,796 87,071 69,048 185 69,233
Total expenditure 69,275 17,796 87,071 69,048 185 69,233
Net income/(expenditure) for the year (2,185) (6,450) (8,635) 28,159 17,875 46,034
Transfers between Funds - - - - - -
Reconciliation of funds
Total funds brought forward 52,509 20,408 72,917 24,350 2,533 26,883
Total funds carried forward 50,324 13,958 64,282 52,509 20,408 72,917

8

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Music For Good

Balance sheet as at 31st March 2023

Notes
Fixed assets
Tangible assets
2
Current assets
Debtors
4
Cash at bank and in hand
Current liabilities
Creditors: amounts falling
due within 12 months
3
Net Current assets
Net assets
Income funds
Restricted funds
7
Unrestricted funds
Total funds		 2023
£
-
-
64,882
64,882
(600)
64,282
64,282
50,324
13,958
-
64,282		 2022
£
-
-
73,452
73,452
(535)
72,917
72,917
52,509
20,408
-
72,917

For the year ended 31st March 2023

The company was entitled to the exemption from audit under section 477[2] of the Companies Act 2006

The members have not requested the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of the accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small company regime.

These financial statements were approved by the Trustees on.............................

Name:

Company Registration No. 05321825

13/12/2023

9

DocuSign Envelope ID: 2F1B99D6-3840-4454-84A7-D61B6AD52607

MUSIC FOR GOOD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Principal Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

1.1 Basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the charity's Memorandum & Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. The following specific policies are applied to particular categories of income.

10

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MUSIC FOR GOOD

1 Accounting policies (Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered

1.6 Fixed assets

Tangible fixed assets are written off over the expected useful life of the asset, at 25% per annum on the straight line basis for all items costing over £500.

11

DocuSign Envelope ID: 2F1B99D6-3840-4454-84A7-D61B6AD52607

Music For Good

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

2 Tangible Fixed Assets

Musical
Instuments
£
Cost
balance brought forward
26,394
additions in the year
-
26,394
Depreciation
balance brought forward
26,394
charge for the year
-
26,394
Net book value at 31st March 2023
-
Net book value at 31st March 2022
-
3 Creditors
Amounts falling due within one year:
Sundry creditors
4 Debtors
Amounts falling due within one year:
sundry debtors
5 Capital commitments and contingent liabilities
There are none this year
6 Employees
Number of employees
Calculated on the average monthly head count basis
No employee received emoluments of more than £60,000.
Salaries and wages
Pension
Social security costs		 Fittings &
Equipment
£
14,926
-
14,926
14,926
-
14,926
-
-
2023
£
600
600
2023
£
-		 Total
£
41,320
-
41,320
41,320
-
41,320
-
-
2022
£
535
535
2022
£
-
2023
1
£
15,843
1,330
-
17,173		 2022
1
£
12,171
2,026
752
14,949

Key management personnel

The total employee benefits of key management personnel were £17,173 (2022 £14,949)

12

DocuSign Envelope ID: 2F1B99D6-3840-4454-84A7-D61B6AD52607

Music For Good

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7 Movement in funds

Restricted funds
Hub
Hub Fund A Match
Youth Music
CCF
Schools
Singing 4 Health
Reaching Communities
Singing For Health
Unrestricted funds
General funds		 Balance at
Balance at
1.4.2022
Income
Expenditure
Transfers
31.3. 2023
£
£
£
£
£
3,631
9,390
13,021
-
-
-
-
-
-
-
25,415
39,980
25,075
-
40,320
5,019
10,000
5,016
1
10,004
5,110
7,720
12,830
-
-
1,710
-
1,710
-
-
11,624
-
11,624
-
-
52,509
67,090
69,276
1
50,324
20,408
11,346
17,796
-
13,958
20,408
11,346
17,796
-
13,958		 Balance at
Balance at
1.4.2022
Income
Expenditure
Transfers
31.3. 2023
£
£
£
£
£
3,631
9,390
13,021
-
-
-
-
-
-
-
25,415
39,980
25,075
-
40,320
5,019
10,000
5,016
1
10,004
5,110
7,720
12,830
-
-
1,710
-
1,710
-
-
11,624
-
11,624
-
-
52,509
67,090
69,276
1
50,324
20,408
11,346
17,796
-
13,958
20,408
11,346
17,796
-
13,958
50,324
13,958
13,958

7 Movement in funds - prior year

Restricted funds
Hub
Hub Fund A Match
Youth Music
CCF
Schools
Singing 4 Health
Reaching Communities
Singing For Health
Unrestricted funds
General funds
8 Trustees
Trustees remuneration and expenses		 Balance at
Balance at
1.4.2021
Income
Expenditure
Transfers
31.3. 2022
£
£
£
£
£
845
11,184
8,398
-
3,631
-
2,000
2,000
-
-
95
49,975
24,655
25,415
-
8,051
3,032
-
5,019
332
12,305
7,527
-
5,110
-
2,340
630
-
1,710
23,078
11,352
22,806
-
11,624
24,350
97,207
69,048
-
52,509
2,533
18,060
185
-
20,408
2,533
18,060
185
-
20,408
£
£
-
-		 Balance at
Balance at
1.4.2021
Income
Expenditure
Transfers
31.3. 2022
£
£
£
£
£
845
11,184
8,398
-
3,631
-
2,000
2,000
-
-
95
49,975
24,655
25,415
-
8,051
3,032
-
5,019
332
12,305
7,527
-
5,110
-
2,340
630
-
1,710
23,078
11,352
22,806
-
11,624
24,350
97,207
69,048
-
52,509
2,533
18,060
185
-
20,408
2,533
18,060
185
-
20,408
£
£
-
-
52,509
20,408
20,408

The trustees received no remunerations and were not involved in any related party transaction.

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Music For Good

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9 Expenditure

Premises
Rent and rates
Insurance
Post, photocopier and stationery
Telephone
Repairs and maintenance
Total premises
Wages
Independent examiners' fees
Depreciation
Training
Advertising and recruitment
Bank charges
Trustees expenses
IT and computer
Miscellaneous
Workshops and music leaders fees
Other project costs
Legal professional and consultancy
Non capitalised equipment
Travel and staff expenses
Research and development
Subscriptions		 Charitable
activities
£
4,739
334
1,463
63
-
6,599
17,173
600
-
750
1,354
72
-
101
-
35,196
-
23,565
-
1,661
-
-
87,071		 Total
2022
£
3,739
-
2,624
65
-
6,427
14,949
535
-
85
585
96
-
350
-
44,275
-
440
-
1,490
-
-
69,233
10 Analysis of net asets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets as at 31st March 2023		 General
Funds
£
-
14,558
(600)
13,958		 Designated
Funds
£
-
-
-
-		 Restricted
Funds
£
-
50,324
-
50,324		 Total
£
-
64,882
(600)
64,282

14

DocuSign Envelope ID: 2F1B99D6-3840-4454-84A7-D61B6AD52607

Music For Good

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

11 Analysis of prior year funds

Statement of Financial Activities for the year ended 31st March 2022

Restricted Unrestricted Total Restricted Unrestricted Total
Funds Funds Funds Funds Funds Funds
Notes 2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Income
Income from:
Interest receivable - 6 6 - 8 8
Donations and legacies - - - - - -
Charitable activities
Grants and contracts 97,207 18,054 115,261 53,724 14,298 68,022
Income from activities - - - - - -
Total Income 97,207 18,060 115,267 53,724 14,306 68,030
Expenditure on:
Charitable activities 69,048 185 69,233 55,197 10,760 65,957
Total expenditure 69,048 185 69,233 55,197 10,760 65,957
Net income/(expenditure) for the year 28,159 17,875 46,034 (1,473) 3,546 2,073
Transfers between Funds - - - - - -
Reconciliation of funds
Total funds brought forward 24,350 2,533 26,883 25,823 (1,013) 24,810
Total funds carried forward 52,509 20,408 72,917 24,350 2,533 26,883

15

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSIC FOR GOOD

Charity number 1108212 Company number 5321825

I report to the trustees on my examination of the financial statements of Music for Good (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 386 of the 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).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed Date 19[th] December 2023

Koreen James – Fellow of the Association of Accounting Technicians (FMAAT) Synergy Accounting 6 Deer Park Close Teignmouth Devon TQ14 9HQ