MUSIC FOR GOOD AGM
16[TH] DECEMBER 2024 6:00 pm
Minutes
Chair Trevor Smith
Welcome and introductions
The AGM was attended by Nigel Walker, Trevor Smith (Chair), Jo Erwin, Naveen Arles and Emily Foulkes The meeting was conducted over zoom
Apologies
Claire Beckett sent her apologies in advance of the meeting
Minutes from previous AGM
Agreed as an accurate account of the event.
Accounts and financial review
The Board had reviewed the accounts in advance of the meeting. The accounts were agreed and signed, Trevor will submit the accounts on behalf of the charity, ensuring all obligations are fulfilled.
Strategic and delivery update from staff and partners
Emily gave an update on the progress of the programme of delivery.
Music for Good
Current picture with music delivery
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Commissioned delivery from East Cornwall PCN – until July 2025 a day a week
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Commissioned delivery in two primary schools working with two children until July 2025
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Wheal Northey one to one CYP work in GP surgery funded until Easter 2025
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Delivery in Pain Café in St Austell
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One to one with a homeless young man (through Health for Homeless) – with potential for further commissioned work
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3 hours per week at Caradon APA (to end of this term) – unsure whether it will continue
Planned delivery (funding secured)
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2 x 10 days of provision in two new health hubs (likely Bodmin and Launceston) due to start in January
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Singing for Health programmes starting from January (Lung Health and Pain Management)
Completed programmes
- A two day summer school delivered for the Recovery Hub in Penzance – very successful!
Summary
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Limited delivery and currently no new funding or commissions on the horizon (other than positive noises from Health for Homeless)
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Suggestion is to keep the current programme ticking and try to sustain existing settings/partnerships rather than approaching anyone new, unless further funding becomes available
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Small pots of funding are available, but need larger amounts of funding.
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Currently no work for Willow, no funding available from Restormel AP after 10m years of working together!
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Some potential from the Music Hub, although the old Board has been replaced and we will be starting from scratch. We need to be cautious with the Hub and not reliant on them.
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Practitioners supervision session to be run
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There is a good possibility of approx. £25k of unrestricted funding from a philanthropists will.
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No progress on hiving off MFG, although discussions have been held with a CIC (Music Ability) in Penzance
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MFG is moving away from schools and children, now more involved in Health. However work with schools remains important.
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Possibility to approach Cornwall Foundation Trust with research ideas.
Singing for Health Network (SHN)
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Steadily growing membership base
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Launched the Singing for Health Research project! Please register and share widely with your networks!
Singing for Health Research Project (singingforhealthnetwork.co.uk)
See some videos about the project on our YouTube channel
- Singing for Health Network YouTube
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Big efforts are going into promoting these events – it starts on 7[th] November!
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It was agreed that Emily is our Unique Selling point (USP). She is now recognised as a leader in the Singing for Health community and has been asked to be a speaker in a number of events, such as the upcoming seminar in Canada.
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A discussion took place as to whether SFH had a long term future. Nav reminded us that there are 42,000 choirs in the UK with approx. 2.4 million participants
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Please see additional document regarding a proposed course for choir leaders
Much discussion took place on the viability of the above, and it was decided that it would be the right direction for the charity to take. Especially as more and more people are joining choirs for health reasons, and most leaders are ill equipped for this. There is currently no regulation of choir leaders, although a number of organisations are trying to introduce some conformity. We need to approach all know choir leader associations and try to involve them. Bas is already involved with Singing for Pleasure and Nav is involved with the Association of British Choral Directors. We should try to have the choir leader package included as a part of the certification.
There is also an international opportunity for the courses, especially as Emily is becoming known for her work outside the UK.
Emily plus Nav and Bas will all work on this with the support of everyone else.
Strategic and business development updates
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The International Congress on the future of music and medicine in Berlin was a fantastic opportunity for Emily to connect with colleagues from across the globe. Although minimal immediate impacts on income
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generation, it has resulted in new contacts and profiled our work on an international platform
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Emily is presented at the Music Care Conference in Canada on 23[rd] November – this was another international platform to promote our work (mainly SHN)
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DONATION – We received £5,000 from an anonymous donor – this is going to cover another term of work in the GP surgery and some singing for health provision
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Bernard Neville estate donation – This will arrive in our account at the end of December (expected between £20-30k – no anticipated issues, just bureaucracy
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We will apply to the Music Hub for the Lead EDI role – which is worth £18,000
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We will apply to the Music Hub to support some provision in APAs/Sowenna
Re: future of MfG / SHN –
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Annie is not able to return for a role with us (due to other employment commitments)
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Conversation with a potential CiC to take over MfG was not fruitful
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There aren’t sufficient funds to offer to another organisation to take over (salary and core costs after December will need to come from the Bernard Neville fund)
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Emily will take on some of the delivery in order to prop up her salary rather than paying another practitioner
Proposal – MfG continues to tick along with minimal input from Emily and without spending too much time on building new work unless it comes!
We use the Bernard Neville money to focus more on the SHN activities (see attached proposal) and review again in a few months.
Decisions
It was decided to keep the MFG side of the charity continuing with current levels of input and then review next summer
It was decided to use the expected legacy funding to push the SFH and Wellbeing course for choir leaders and try to get recognition with choir associations.
Nominations/retiring officers and members
No changes to the members of the Board, however, Claire has decided to step back once a suitable replacement can be found.
It was discussed that it may be opportune to recruit new trustees in order to bring more experience and diversity. Particularly in relation to Social Media and Digital skills
Dates
Next Board meeting Trevor will contact the group to arrange a meeting in late January.
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AOB
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The Board expressed a unanimous thanks to Kate Cortez, who continues to provide an excellent service to MfG in producing all of the financial figures throughout the year, ready for the annual accounts These are produced by Koreen James, who continues to do an excellent job
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Close of AGM
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 2024
MUSIC FOR GOOD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Trevor Smith - Chair Nigel Walker Josephine Erwin Claire Beckett Naveen Arles
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
MUSIC FOR GOOD
CONTENTS
| CONTENTS | |
|---|---|
| Page | |
| Trustees' report | 1 - 6 |
| Statement of trustees' responsibilites | 7 |
| Independent examiner's report | 8 |
| Statement of fnancial actvites | 9 |
| Balance sheet | 10 |
| Notes to the fnancial statements | 11 - 16 |
Music for Good
Report to the Trustees for the year ended 31st March 2024
The Trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the independently examined financial statements for the year ended 31[st] March 2024.
The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
Our Aims and Objectves
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:
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(a) The provision of music making opportunities;
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(b) The provision of training, support and guidance to music practitioners;
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(c) The provision of advocacy and capacity building activities and services designed to promote, improve and develop the whole music sector in the area of benefit.
Ensuring our work delivers our Aims
Music for Good reviews its aims, objectives and activity throughout the year to ensure that our activities are developed in accordance with our stated charitable purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims & objectives and in planning our future activities.
Safeguarding
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Music for Good has a Safeguarding Policy and Procedures in place
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A Safeguarding Committee
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A Designated Professional
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All freelance Music Practitioners have DBS clearance that is valid within 3 years
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- All freelance Music Practitioners delivering activity have attended Promoting and Safeguarding the Welfare of Children and Young People Tier 2 and some have completed Diplomas in Trauma and Mental Health Informed Practice.
We have in place quality assurance systems that include
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Ensuring that all practitioners have current DBS certificates and Public Liability Insurance
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Regular reporting procedures that provide quantitative and qualitative data
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Quality Assurance process including peer to peer and manager observation as well as clinical supervision
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Partnership Agreements with partners
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Regular one to one meetings with staff and self-employed Music Practitioners
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Termly group supervision with a psychologist
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Monitoring visits and steering group meetings with partners
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End of Project reports and meeting
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Feedback from participants to track their journeys and achievements
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Quarterly meetings with Trustees
This provides Music for Good with key information about:
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who is benefiting from the services we provide
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the impact of our work
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the experiences of our partners
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other provision in the localities we are working in
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 well-being. The strategies we use to meet these objectives include:
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Aligning our provision with local, regional and national priorities and policies
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Building partnerships with education and health settings and professionals to ensure we provide services which are complementary and needs led
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Maintain up to date knowledge and understanding about the education and health sectors
Vision
Following some organisational development we reviewed and refreshed our vision, mission and guiding values.
Our vision is to create a world where creative, person-centred music opportunities are accessible to all. We believe that creativity and music are birth rights and that all people can be inspired to develop their skills and interests in a way which feels authentic and relevant to them.
Mission
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Music for Good is committed to harnessing the transformative power of music to drive positive change in communities, promoting social inclusion, health and well-being and empowering individuals.
Values
At the heart of Music for Good is a commitment to quality, equality and inclusion. Our values underpin all aspects of our work:
Person-centred – delivering programmes which are relevant to the needs and interests of the individuals and groups we seek to empower
Authentic and relevant – staying in our lane and delivering within the scope of our expertise and the objectives set out in our business plan
High quality – ensuring the highest level of support and training for practitioners delivering programmes and signposting on where relevant
Collaborative – working and aligning with partners who share our aspirations and values in order to enhance the services and have a wider reach
Evidence and research informed – to continue to provide the most robust approaches to our work which align with up to date research and evidence in order to keep learning and improving
Responsive and strategic – having the courage to respond and flex with trends, respond to need and constantly innovate and take risks where necessary
Music for Good Objectves and Primary Functons:
The main activities of the charity fall under 3 categories :
Delivery, Professional Development and Advocacy.
We seek to:
provide:
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high quality, inclusive music making opportunities designed to promote well-being and support learning
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training, CPD, support and networking opportunities to the professional sector (arts and health, healthcare, music education, social care, community development, researchers)
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strategic consultancy and guidance to organisations
promote:
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the life changing powers of music for well-being and learning
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the impacts of our music for well-being approach
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the benefits of research and evidence-informed practice
support:
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individuals and groups who face barriers
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partners and other organisations
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practitioners
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the wider sector of arts and health
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inspire:
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Change!
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Innovation
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Empowerment
Our model – research and evidence-based
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CONNECT – relational, trauma-informed principles to foster an environment of safety
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CREATE – creative practice which is relevant, co-created and high quality
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CONSOLIDATE – reflective and learning ethos for all
How our actvites deliver public beneft
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.
Current climate
During this financial year, the most notable challenge to the charity has been the increasing difficulty in securing grant funding. Although unsuccessful with an application to Youth Music, we were granted a stability grant, to provide some ongoing support for core costs and business development. During the period of this grant, the aspiration is to work on a number of income generation strategies. The demand for resources has significantly increased and success rates are very poor. This makes it very challenging for small organisations to shoulder the costs associated with preparing and submitting funding applications.
Another significant challenge has been the decrease in investment and commissioned delivery from the Music Education Hub, which itself has been in a state of change and flux. However, we were awarded the strategic grant to lead on embedding EDI into the Music Hub as well as to lead a Youth
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Voice programme. These pieces of strategic work enabled us to continue to contract a Programme Manager.
Where there has been either sustained provision or some growth is in our work with the health sector. Our services have been commissioned by East Cornwall Primary Care Network and provision continues with children and young people in the GP surgery. A number of referrals from schools has sustained one to one provision with children. Securing some small grants from Cornwall Community Foundation and Cornwall Council (as matched funding from a Crowdfunder) has boosted our provision in music for health and well-being.
The Singing for Health Network continues to see a gradual increase in memberships, globally, and to attract interest. A partnership with York St John University will see the development of a Singing for Health Research programme running a series of webinar across 2024-2025. It is anticipated that this will support the continued growth of unrestricted funding through memberships and attendance at online events. The singing for health movement as a whole continues to grow, with increased programmes, initiatives, training and research. The pilot delivery of a singing and pain management training programme was successful and attended by practitioners from across the globe. The Singing for Health Network will continue to be a significant strand of work, with potential for increased income.
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. We have added a new Trustees to our Board and will continue to seek ways to further build the team. We plan to continue to expand partnerships, locally, regionally and nationally, in order to forge mutually beneficial relationships which could help to maximise resources.
Financial Review
Music for Good secured a total income of £139,008 (2023: £78,436) in the financial year 2023/24. Of this, £65,714 was unrestricted (2023: £11,346) and
£73,294 [2023:£67,090] was restricted. Main sources of funding were Youth Music, Cornwall Music Education Hub, The Lottery, Cornwall Community Foundation and contributions from Schools, including AP Academies. Membership to the Singing for Health Network provides some unrestricted income along with other traded services, such as training and services to the Sing Up Foundation. A crowdfunder appeal was successful in reaching its target and attracted matched funding from Cornwall Council.
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 | |
|---|---|
| Staf salaries (3 months) | £ 3,000 |
| Other overheads (3 months) | £ 0 |
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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.
Trustees' Responsibilites Statement - Charitable Company
The trustees (who are also 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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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:
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there is no relevant information of which the charitable company’s independent examiner is unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
This report has been prepared in accordance with the Charities SORP 2019 (FRS 102); and in accordance with the special provision of the Companies Act 2006 relating to small entities.
This report was approved by the Trustees on ...................................
On behalf of the Trustees ........................................... (signatory 1) (print name)
........................................... (signatory 2) (print name)
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 2024.
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:
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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 27[th] November 2024
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 2024
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| Notes | 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | ||
| Income | |||||||
| Income from: | |||||||
| Interest receivable | - | 676 | 676 | - | 440 | 440 | |
| Donatons and legacies | - | - | - | - | - | - | |
| Charitable actvites | |||||||
| Grants and contracts | 73,294 | - | 73,294 | 67,090 | 3,341 | 70,431 | |
| Income from actvites | - | 65,038 | 65,038 | - | 7,565 | 7,565 | |
| Total Income | 73,294 | 65,714 | 139,008 | 67,090 | 11,346 | 78,436 | |
| Expenditure on: | |||||||
| Charitable actvites | 9 | 91,885 | 20,867 | 112,752 | 69,275 | 17,796 | 87,071 |
| Total expenditure | 91,885 | 20,867 | 112,752 | 69,275 | 17,796 | 87,071 | |
| Net income/(expenditure) for the year | (18,591) | 44,847 | 26,256 | (2,185) | (6,450) | (8,635) | |
| Transfers between Funds | - | - | - | - | - | - | |
| Reconciliaton of funds | |||||||
| Total funds brought forward | 50,324 | 13,958 | 64,282 | 52,509 | 20,408 | 72,917 | |
| Total funds carried forward | 31,733 | 58,805 | 90,538 | 50,324 | 13,958 | 64,282 |
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Music For Good
Balance sheet as at 31st March 2024
| Notes Fixed assets Tangible assets 2 Current assets Debtors 4 Cash at bank and in hand Current liabilites Creditors: amounts falling due within 12 months 3 Net Current assets Net assets Income funds Restricted funds 7 Unrestricted funds Total funds |
2024 £ - - 91,138 91,138 (600) 90,538 90,538 31,733 58,805 - 90,538 |
2023 £ - - 64,882 64,882 (600) 64,282 64,282 50,324 13,958 - 64,282 |
|---|---|---|
For the year ended 31st March 2024
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.............................
On behalf of the Trustees ...............................
Name: Company Registration No. 05321825
MUSIC FOR GOOD
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
MUSIC FOR GOOD
- 1 Accounting policies (Continued)
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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.
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I. Income received by wayof grants, donations and gifts is included in full in the Statement of Financial Activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
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II. Donated services and facilities are included at the value to the charity where this can be quantified.
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III. The value of services provided by volunteers has not been included in these accounts.
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IV. Investment income is included when receivable.
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V. Income from charitable trading activity is accounted for when earned.
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VI. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
1.5 Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered
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I. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
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II. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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III. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
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.
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Music For Good
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
2 Tangible Fixed Assets
| Cost balance brought forward additons in the year Depreciaton balance brought forward charge for the year Net book value at 31st March 2024 Net book value at 31st March 2023 3 Creditors Amounts falling due within one year: Sundry creditors 4 Debtors Amounts falling due within one year: sundry debtors 5 Capital commitments and contngent liabilites 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 Key management personnel The total employee benefts of key management personnel were |
Musical Fitngs & Instuments Equipment £ £ 26,394 14,926 - - 26,394 14,926 26,394 14,926 - - 26,394 14,926 - - - - 2024 £ 600 600 2024 £ - £16201 (2023 £17,173) |
Total £ 41,320 - 41,320 41,320 - 41,320 - - 2023 £ 600 600 2023 £ - 2024 1 £ 14,964 1,237 - 16,201 |
2023 1 £ 15,843 1,330 - |
|---|---|---|---|
| 17,173 | |||
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Music For Good
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
7 Movement in funds
| Restricted funds Asone Youth Music CC Foundaton Schools Sing Up Foundaton NHS Unrestricted funds General funds |
Balance at Balance at 1.4.2023 Income Expenditure Transfers 31.3. 2024 £ £ £ £ £ - 15,230 7,795 - 7,435 40,320 30,113 65,740 - 4,693 10,004 10,000 10,002 - 10,002 - 2,951 2,525 - 426 - 6,000 3,223 - 2,777 - 9,000 2,600 - 6,400 50,324 73,294 91,885 - 31,733 13,958 65,714 20,867 - 58,805 13,958 65,714 20,867 - 58,805 |
Balance at Balance at 1.4.2023 Income Expenditure Transfers 31.3. 2024 £ £ £ £ £ - 15,230 7,795 - 7,435 40,320 30,113 65,740 - 4,693 10,004 10,000 10,002 - 10,002 - 2,951 2,525 - 426 - 6,000 3,223 - 2,777 - 9,000 2,600 - 6,400 50,324 73,294 91,885 - 31,733 13,958 65,714 20,867 - 58,805 13,958 65,714 20,867 - 58,805 |
|---|---|---|
| 31,733 | ||
| 58,805 | ||
| 58,805 |
7 Movement in funds - prior year
| Restricted funds Hub Hub Fund A Match Youth Music CCF Schools Singing 4 Health Reaching Communites Singing For Health Unrestricted funds General funds 8 Trustees Trustees remuneraton and expenses |
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 | ||
The trustees received no remunerations and were not involved in any related party transaction.
14
Music For Good
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 9 Expenditure Premises Rent and rates Insurance Post, photocopier and statonery Telephone Repairs and maintenance Total premises Wages Independent examiners' fees Depreciaton Training Advertsing 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 staf expenses Research and development Subscriptons 10 Analysis of net asets between funds Tangible fxed assets Current assets Current liabilites Net assets as at 31st March 2024 |
General Funds £ - 59,405 (600) 58,805 |
Designated Funds £ - - - - |
Charitable actvites £ 4,719 319 1,796 - - 6,834 16,201 600 - 1,523 739 60 - 456 - 49,934 - 33,949 - 2,456 - - 112,752 Restricted Funds £ - 31,733 - 31,733 |
Total 2023 £ 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 £ - 91,138 (600) 90,538 |
|---|---|---|---|---|
15
Music For Good
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
11 Analysis of prior year funds
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 |
| Donatons and legacies | - | - | - | - | - | - |
| Charitable actvites | ||||||
| Grants and contracts | 67,090 | 3,341 | 70,431 | 97,207 | 18,054 | 115,261 |
| Income from actvites | - | 7,565 | 7,565 | - | - | - |
| Total Income | 67,090 | 11,346 | 78,436 | 97,207 | 18,060 | 115,267 |
| Expenditure on: | ||||||
| Charitable actvites | 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 | - | - | - | - | - | - |
| Reconciliaton 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 |
16
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 2024
MUSIC FOR GOOD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Trevor Smith - Chair Nigel Walker Josephine Erwin Claire Beckett Naveen Arles
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
MUSIC FOR GOOD
CONTENTS
| CONTENTS | |
|---|---|
| Page | |
| Trustees' report | 1 - 6 |
| Statement of trustees' responsibilites | 7 |
| Independent examiner's report | 8 |
| Statement of fnancial actvites | 9 |
| Balance sheet | 10 |
| Notes to the fnancial statements | 11 - 16 |
Music for Good
Report to the Trustees for the year ended 31st March 2024
The Trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the independently examined financial statements for the year ended 31[st] March 2024.
The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
Our Aims and Objectves
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:
-
(a) The provision of music making opportunities;
-
(b) The provision of training, support and guidance to music practitioners;
-
(c) The provision of advocacy and capacity building activities and services designed to promote, improve and develop the whole music sector in the area of benefit.
Ensuring our work delivers our Aims
Music for Good reviews its aims, objectives and activity throughout the year to ensure that our activities are developed in accordance with our stated charitable purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims & objectives and in planning our future activities.
Safeguarding
-
Music for Good has a Safeguarding Policy and Procedures in place
-
A Safeguarding Committee
-
A Designated Professional
-
All freelance Music Practitioners have DBS clearance that is valid within 3 years
1
- All freelance Music Practitioners delivering activity have attended Promoting and Safeguarding the Welfare of Children and Young People Tier 2 and some have completed Diplomas in Trauma and Mental Health Informed Practice.
We have in place quality assurance systems that include
-
Ensuring that all practitioners have current DBS certificates and Public Liability Insurance
-
Regular reporting procedures that provide quantitative and qualitative data
-
Quality Assurance process including peer to peer and manager observation as well as clinical supervision
-
Partnership Agreements with partners
-
Regular one to one meetings with staff and self-employed Music Practitioners
-
Termly group supervision with a psychologist
-
Monitoring visits and steering group meetings with partners
-
End of Project reports and meeting
-
Feedback from participants to track their journeys and achievements
-
Quarterly meetings with Trustees
This provides Music for Good with key information about:
-
who is benefiting from the services we provide
-
the impact of our work
-
the experiences of our partners
-
other provision in the localities we are working in
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 well-being. The strategies we use to meet these objectives include:
-
Aligning our provision with local, regional and national priorities and policies
-
Building partnerships with education and health settings and professionals to ensure we provide services which are complementary and needs led
-
Maintain up to date knowledge and understanding about the education and health sectors
Vision
Following some organisational development we reviewed and refreshed our vision, mission and guiding values.
Our vision is to create a world where creative, person-centred music opportunities are accessible to all. We believe that creativity and music are birth rights and that all people can be inspired to develop their skills and interests in a way which feels authentic and relevant to them.
Mission
2
Music for Good is committed to harnessing the transformative power of music to drive positive change in communities, promoting social inclusion, health and well-being and empowering individuals.
Values
At the heart of Music for Good is a commitment to quality, equality and inclusion. Our values underpin all aspects of our work:
Person-centred – delivering programmes which are relevant to the needs and interests of the individuals and groups we seek to empower
Authentic and relevant – staying in our lane and delivering within the scope of our expertise and the objectives set out in our business plan
High quality – ensuring the highest level of support and training for practitioners delivering programmes and signposting on where relevant
Collaborative – working and aligning with partners who share our aspirations and values in order to enhance the services and have a wider reach
Evidence and research informed – to continue to provide the most robust approaches to our work which align with up to date research and evidence in order to keep learning and improving
Responsive and strategic – having the courage to respond and flex with trends, respond to need and constantly innovate and take risks where necessary
Music for Good Objectves and Primary Functons:
The main activities of the charity fall under 3 categories :
Delivery, Professional Development and Advocacy.
We seek to:
provide:
-
high quality, inclusive music making opportunities designed to promote well-being and support learning
-
training, CPD, support and networking opportunities to the professional sector (arts and health, healthcare, music education, social care, community development, researchers)
-
strategic consultancy and guidance to organisations
promote:
-
the life changing powers of music for well-being and learning
-
the impacts of our music for well-being approach
-
the benefits of research and evidence-informed practice
support:
-
individuals and groups who face barriers
-
partners and other organisations
-
practitioners
-
the wider sector of arts and health
3
inspire:
-
Change!
-
Innovation
-
Empowerment
Our model – research and evidence-based
-
CONNECT – relational, trauma-informed principles to foster an environment of safety
-
CREATE – creative practice which is relevant, co-created and high quality
-
CONSOLIDATE – reflective and learning ethos for all
How our actvites deliver public beneft
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.
Current climate
During this financial year, the most notable challenge to the charity has been the increasing difficulty in securing grant funding. Although unsuccessful with an application to Youth Music, we were granted a stability grant, to provide some ongoing support for core costs and business development. During the period of this grant, the aspiration is to work on a number of income generation strategies. The demand for resources has significantly increased and success rates are very poor. This makes it very challenging for small organisations to shoulder the costs associated with preparing and submitting funding applications.
Another significant challenge has been the decrease in investment and commissioned delivery from the Music Education Hub, which itself has been in a state of change and flux. However, we were awarded the strategic grant to lead on embedding EDI into the Music Hub as well as to lead a Youth
4
Voice programme. These pieces of strategic work enabled us to continue to contract a Programme Manager.
Where there has been either sustained provision or some growth is in our work with the health sector. Our services have been commissioned by East Cornwall Primary Care Network and provision continues with children and young people in the GP surgery. A number of referrals from schools has sustained one to one provision with children. Securing some small grants from Cornwall Community Foundation and Cornwall Council (as matched funding from a Crowdfunder) has boosted our provision in music for health and well-being.
The Singing for Health Network continues to see a gradual increase in memberships, globally, and to attract interest. A partnership with York St John University will see the development of a Singing for Health Research programme running a series of webinar across 2024-2025. It is anticipated that this will support the continued growth of unrestricted funding through memberships and attendance at online events. The singing for health movement as a whole continues to grow, with increased programmes, initiatives, training and research. The pilot delivery of a singing and pain management training programme was successful and attended by practitioners from across the globe. The Singing for Health Network will continue to be a significant strand of work, with potential for increased income.
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. We have added a new Trustees to our Board and will continue to seek ways to further build the team. We plan to continue to expand partnerships, locally, regionally and nationally, in order to forge mutually beneficial relationships which could help to maximise resources.
Financial Review
Music for Good secured a total income of £139,008 (2023: £78,436) in the financial year 2023/24. Of this, £65,714 was unrestricted (2023: £11,346) and
£73,294 [2023:£67,090] was restricted. Main sources of funding were Youth Music, Cornwall Music Education Hub, The Lottery, Cornwall Community Foundation and contributions from Schools, including AP Academies. Membership to the Singing for Health Network provides some unrestricted income along with other traded services, such as training and services to the Sing Up Foundation. A crowdfunder appeal was successful in reaching its target and attracted matched funding from Cornwall Council.
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 | |
|---|---|
| Staf salaries (3 months) | £ 3,000 |
| Other overheads (3 months) | £ 0 |
5
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.
Trustees' Responsibilites Statement - Charitable Company
The trustees (who are also 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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
6
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:
-
there is no relevant information of which the charitable company’s independent examiner is unaware; and
-
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
This report has been prepared in accordance with the Charities SORP 2019 (FRS 102); and in accordance with the special provision of the Companies Act 2006 relating to small entities.
This report was approved by the Trustees on ...................................
On behalf of the Trustees ........................................... (signatory 1) (print name)
........................................... (signatory 2) (print name)
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 2024.
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:
7
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 27[th] November 2024
Koreen James – Fellow of the Association of Accounting Technicians (FMAAT) Synergy Accounting 6 Deer Park Close Teignmouth Devon TQ14 9HQ
8
Music For Good
Statement of Financial Activities for the year ended 31st March 2024
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| Notes | 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | ||
| Income | |||||||
| Income from: | |||||||
| Interest receivable | - | 676 | 676 | - | 440 | 440 | |
| Donatons and legacies | - | - | - | - | - | - | |
| Charitable actvites | |||||||
| Grants and contracts | 73,294 | - | 73,294 | 67,090 | 3,341 | 70,431 | |
| Income from actvites | - | 65,038 | 65,038 | - | 7,565 | 7,565 | |
| Total Income | 73,294 | 65,714 | 139,008 | 67,090 | 11,346 | 78,436 | |
| Expenditure on: | |||||||
| Charitable actvites | 9 | 91,885 | 20,867 | 112,752 | 69,275 | 17,796 | 87,071 |
| Total expenditure | 91,885 | 20,867 | 112,752 | 69,275 | 17,796 | 87,071 | |
| Net income/(expenditure) for the year | (18,591) | 44,847 | 26,256 | (2,185) | (6,450) | (8,635) | |
| Transfers between Funds | - | - | - | - | - | - | |
| Reconciliaton of funds | |||||||
| Total funds brought forward | 50,324 | 13,958 | 64,282 | 52,509 | 20,408 | 72,917 | |
| Total funds carried forward | 31,733 | 58,805 | 90,538 | 50,324 | 13,958 | 64,282 |
9
Music For Good
Balance sheet as at 31st March 2024
| Notes Fixed assets Tangible assets 2 Current assets Debtors 4 Cash at bank and in hand Current liabilites Creditors: amounts falling due within 12 months 3 Net Current assets Net assets Income funds Restricted funds 7 Unrestricted funds Total funds |
2024 £ - - 91,138 91,138 (600) 90,538 90,538 31,733 58,805 - 90,538 |
2023 £ - - 64,882 64,882 (600) 64,282 64,282 50,324 13,958 - 64,282 |
|---|---|---|
For the year ended 31st March 2024
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.............................
On behalf of the Trustees ...............................
Name: Company Registration No. 05321825
MUSIC FOR GOOD
10
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
MUSIC FOR GOOD
- 1 Accounting policies (Continued)
11
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.
-
I. Income received by wayof grants, donations and gifts is included in full in the Statement of Financial Activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
-
II. Donated services and facilities are included at the value to the charity where this can be quantified.
-
III. The value of services provided by volunteers has not been included in these accounts.
-
IV. Investment income is included when receivable.
-
V. Income from charitable trading activity is accounted for when earned.
-
VI. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
1.5 Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered
-
I. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
-
II. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
-
III. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
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.
12
Music For Good
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
2 Tangible Fixed Assets
| Cost balance brought forward additons in the year Depreciaton balance brought forward charge for the year Net book value at 31st March 2024 Net book value at 31st March 2023 3 Creditors Amounts falling due within one year: Sundry creditors 4 Debtors Amounts falling due within one year: sundry debtors 5 Capital commitments and contngent liabilites 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 Key management personnel The total employee benefts of key management personnel were |
Musical Fitngs & Instuments Equipment £ £ 26,394 14,926 - - 26,394 14,926 26,394 14,926 - - 26,394 14,926 - - - - 2024 £ 600 600 2024 £ - £16201 (2023 £17,173) |
Total £ 41,320 - 41,320 41,320 - 41,320 - - 2023 £ 600 600 2023 £ - 2024 1 £ 14,964 1,237 - 16,201 |
2023 1 £ 15,843 1,330 - |
|---|---|---|---|
| 17,173 | |||
13
Music For Good
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
7 Movement in funds
| Restricted funds Asone Youth Music CC Foundaton Schools Sing Up Foundaton NHS Unrestricted funds General funds |
Balance at Balance at 1.4.2023 Income Expenditure Transfers 31.3. 2024 £ £ £ £ £ - 15,230 7,795 - 7,435 40,320 30,113 65,740 - 4,693 10,004 10,000 10,002 - 10,002 - 2,951 2,525 - 426 - 6,000 3,223 - 2,777 - 9,000 2,600 - 6,400 50,324 73,294 91,885 - 31,733 13,958 65,714 20,867 - 58,805 13,958 65,714 20,867 - 58,805 |
Balance at Balance at 1.4.2023 Income Expenditure Transfers 31.3. 2024 £ £ £ £ £ - 15,230 7,795 - 7,435 40,320 30,113 65,740 - 4,693 10,004 10,000 10,002 - 10,002 - 2,951 2,525 - 426 - 6,000 3,223 - 2,777 - 9,000 2,600 - 6,400 50,324 73,294 91,885 - 31,733 13,958 65,714 20,867 - 58,805 13,958 65,714 20,867 - 58,805 |
|---|---|---|
| 31,733 | ||
| 58,805 | ||
| 58,805 |
7 Movement in funds - prior year
| Restricted funds Hub Hub Fund A Match Youth Music CCF Schools Singing 4 Health Reaching Communites Singing For Health Unrestricted funds General funds 8 Trustees Trustees remuneraton and expenses |
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 | ||
The trustees received no remunerations and were not involved in any related party transaction.
14
Music For Good
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 9 Expenditure Premises Rent and rates Insurance Post, photocopier and statonery Telephone Repairs and maintenance Total premises Wages Independent examiners' fees Depreciaton Training Advertsing 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 staf expenses Research and development Subscriptons 10 Analysis of net asets between funds Tangible fxed assets Current assets Current liabilites Net assets as at 31st March 2024 |
General Funds £ - 59,405 (600) 58,805 |
Designated Funds £ - - - - |
Charitable actvites £ 4,719 319 1,796 - - 6,834 16,201 600 - 1,523 739 60 - 456 - 49,934 - 33,949 - 2,456 - - 112,752 Restricted Funds £ - 31,733 - 31,733 |
Total 2023 £ 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 £ - 91,138 (600) 90,538 |
|---|---|---|---|---|
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Music For Good
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
11 Analysis of prior year funds
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 |
| Donatons and legacies | - | - | - | - | - | - |
| Charitable actvites | ||||||
| Grants and contracts | 67,090 | 3,341 | 70,431 | 97,207 | 18,054 | 115,261 |
| Income from actvites | - | 7,565 | 7,565 | - | - | - |
| Total Income | 67,090 | 11,346 | 78,436 | 97,207 | 18,060 | 115,267 |
| Expenditure on: | ||||||
| Charitable actvites | 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 | - | - | - | - | - | - |
| Reconciliaton 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 |
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