Registered numbor: 05464855
Charity number: 1110639
KENT MUSIC
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

KENT MUSIC
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES IAT THE DATE OF
APPROVAL OF THE FINANCIAL STATEMENTS) AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2022
Trusttts lat tho date of approval of the flnancial statements)
Geoffrey Miles. Chair
Timothy Leates
Sarah Hohler (appointed by Kent County coun￿1)
Frar￿sCa Christmas
Robin Hammerton
Elizabeth Topwala
Lesley-Ann Smfth
K￿e Siw8k
Alicia Moytes
Jessica Cooling
Rebecca Evemden
Sarah Hamilton (appointed by Kent County CounciD
Abdur-Rehman Isma61-Mia (appointed 25 March 2￿22)
Company rngisttred number
05464855
Charlty roglstsrod numbor
1110639
Reglstered offlce
Units 25 & 26, CreatNe Enterprise Quarter
Javelin Way
Ashford
Kent
TN24 BFN
Chlef gxocutlve offlcof
Peter Bolton
Independent audltor
Crowe U.L LLP
Riverside House
40- 46 High Street
Moid$tone
Kent
ME14 1JH
Patron
Jools Holland OBE
Page 1

KENT MUSIC
IA wmpany Ilmltod by guarnnteg)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees present their annual r¢wt together with the audtted finanoial statements of the Kent Music for the
1 September 2021 to 31 August 2022. The annual report serves the PUryK)$8s of both a Trusteos, report and
diredors, report under company law. The Trustees confim) thal the annual report 8nd financial statements of the
charitable company compty with the current statLrtory requirements. the requirement8 of the charitable companVs
governing document and the promsions of the Statement of Recommended Practice (SORP) applicable to
charitie$ preparing Ihoir accounts in accordance with the Financral Reporting Standard applicablg in the UK and
Republic of Ireland {FRS102) (effective 1 January 20191.
Since the Company qualifies a$ Small under section 382 of the Companies Act 21Y]6. tho strategic report
required of medium and large companies under the C¢xnpanies Act 2006 (strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Stfucture. governance and managomènt
Constltulion
Kent Music is registered as a charitable company Umited by guarantee and was set up by a Memorandum of
A$s￿latIon.
The Charity is registered ag a charitabl8 ct)mpany limÉtod by guarantee, incorporalgd on 26 May 2005 aTrJ
registered as a chanty on 29 July 2005. Tha charity look over the assets and liabilities of Kent Mustc Schcd on 1
September 2005. Kent Music School was registered as a charity on 20 November 1969.
The Charity was created under a memorandum of association whi¢h established the objects and powers of the
charity and is govemed under its articles of association.
Methods of appointment oreleclion of Trusts•s
The management of the Charty is the responsibllty of the trustees who are elected and COpOPted under the
terms of the artides of association.
Kent Music is keen to ensure that its board of trustees includes a broad base of skills and repr8$entations. The
method adopted for the recruitment and appointment of new Iruslees is that vacancies are advertised and
applicatKins are 1ftv￿d. Shortlisted candidates are Inlervitrwed by the Chair and another tnjstee.
Trustèès
The Trustees that seryed durirvJ the year are as follows..
Geoffrey Mites, Chair
Timothy Leales
Sarah Hohler (appointad by Kent County Councit)
Francesca Chrisknas
Robin Hamm8rton
Elizabeth Topiwala
Lesloy-Ann Smith
Kyle Swek
AlicAa Moyles
Jessica Cooling
Rebecca Evemden
Sarah Hamilton (appointed by Kgnl County Council>
Abdur-Rehman Ismael-mia (appointed 25th March 2022)
Page 2

KEKf MUSIC
(A company Ilmlted by guarantse)
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2022
Structvrei govornance and managemgnt {Gontlnugd}
Chlef Executlve
Pgler Bolton
Senlor Leadership Team
OINia Edwards (senior leader, music hub)
Trevor James (senior leader. tuition & ensembles)
Ruth Roberts {senior leader, operations)
Oryanisatlonal ¥tru¢ture and decisionwmaklng pollcles
Tho board of trustees of up to 14 members meets 4 limes a year to 8dmlnlster the Charity. A chief executNe is
appointed by the Irustees to manage the day to day operations of the charity. There is an executive commtttee
of trustees, which also acts as the audit committee which meets to support the chief 8￿ut￿O arKI leadetship
team on matters conceming the day4trday running of the Organisat￿n.
Induction trainlng for new trustee8 is provtded and they ore also offered the opportunty to attend other rdevant
training cour50S.
Pollcles and obJectlve9
The purposes of the charity {th¢ objects) shall be the promollon ol the perfomiing arts In all its form$ and in
particular music and for this P￿￿o$e lo provide education. luitlon and aelivilies for the benefrt of the public
generaNy. prineipalty within the County of Kent and the Unitary AUth￿lty of Medway.
Mission Slate
Kent Music is a strategic music organis8tion for Kent. providlng and facilitating mu$K edLK9t￿. in4)iration and
SLrpport for leamers, schoots, leacheis. mus￿[an8 and audiences.
Values
Anticipating, valuing and Supporting diversity and difference.
Maintaining high expectations for all leamers and staff
Understanding the needs of children and young people
Reducing ba￿lerS to engagemenl
Keeping creatmty at the heart of our thinking
Kent Music is funded by Kent County Council lo provide QLrt of music cenlres. county level ensembles and
hoirs and an annual summer school. The organisation 15 also funded by Arts Council England as the lead
partner of the music education hub for Kent. In thls role Kent Music works with partner5 to provKle mus¢c
edLtcalion seNices to childron aged 5 to 18.
The vision ar￿ values are INed throLFgh a business pfan. In the business plan 2021-24 there are three core
objedives..
To provide access to instrument81 and vocal leaching across Kent.
Page 3

KENT AIUSIC
(A ¢ompany Ilmlted by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Strncturep govemance and management {contlnued)
To pwde access to a broad range of out4-school music activities across KenL
To create the eonditions where thrives in 8chool8 in Kent.
Pay pollcy for key management pernonnol
A new pay pc4icy vms agreed by Irustggs al the March Board meeting. The polKy sets out how pay for all staff
11 be rewewed including key management personllel. When sonior staff appointments are made, a
benchmarking exerasg is carried out to estsblish pay18v81s.
Flnan¢lal rfsk managemenl
The Trustees have assessed the major risks to whrch the CcHnpany 15 exposgj. in particular IIK)se felata k> the
operations and finances of the Company, and are Satisfied that Systems and pr￿$duleS are in place lo mituale
exposure to the major risks.
Plans for futuro perfods
A bLFSiness plan has been designed and started fft September 2021. The plan draws on the experien¢e of
the 2020r21 academic year to plot a path to recovery and inlo a period of growth. The focus of the plan is on foLtr
core aims.. providing instrumental & vctal tuition lo as many stLMlenls as possible across the county,. providing
stLtdenls a￿sS lo a broad range of outaof4chool music aclNilies,' creating the conditions where mustc thrives in
Kent schools., and supporting and developing the workforce. These core aims wll be supported by plans for
inclusion, youth voice. partnership working, income generatlon. communication and digtsl tschnology.
Page 4

KENT PJIUSIC
IA company Ilmltod by guafantse)
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2022
Achlovemgnts and Perfomianc•
Policies and oblectives
Charging and remissions policy
The Tfuslees of Kent Music contlnualty have regard to the Char6ty Commlsslon's guldance on public benefit
Kent Music has a charging and remissions policy designed lo remove as many barriers to MUS￿ edUCat￿n
has we can. The policy covers the ftAfowing'.
Kenl Music's tuition fees aim to recover the houdy rate paid to the teacher. the ￿st of provKling DBS
checks. the cost of hiring teaching venu¢$ and a small contribution to the overheads of Kent Must¢.
We Nn a whole clas$ instwmenlal leaching programme that prOVtd￿ every child in Kent the opportunity to
have free in5trumentsl teaching for one hour per week.
We receNe subsidy from Kent CoL¢nty Council Ihal onables us to provide a netsvork of out of $thool music
centres and county ensembles and choirs at a subsKlised rate.
Other proJecls and prcgrammes run by Kent MUS￿ are provKled for a small charge or free. Thrs includes
professional development courses for teachers, large scale ￿lebratIon evenl$ for ￿h0)Is, the Kent Music
Roadshow end occasronal short4emi projects.
A bursary scheme funded by part of the grant from Arts Council England arKI other ad hoc grants and
legacies supports 75% of the cost of tuition fe8$ lor chiklren & ￿￿n9 pfjoplg wkj fall into various cal¢gories
for state benefits
Review of activitios
During the year the number of student8 leaming to ptay instruments gradually increased as we tried to retum to
pre-pandemic levels, starting the year at lust over 400 $ltJdents and ending the year al 850 student8. This was
short of the 1.100 students we were teaching bgfore the pandemrG. but an encouraging resuk gwen that somo
schtrJls were still not open to extemal b(￿king$ at the start of the year.
Our Whole Class Ensemble Teaching programme. MusicPlus. also grew through the year starting with 104
projects at the start oflhe academie year and ￿dIrY the yearwth 138 PTOj*.
The number of sehools buying us ￿ for music activtttes increased thmugh the yoar from 17 at thè stsrt of the
year to 22 by the end ol the year.
Only the Sevenoaks Muslc Centre opened at the start of the year but by Christmas all the centres were open
¢)nce again though none gave public performances of the students. work during tho year.
Kent County Youth Orchestra, Kent Youth Wind Orchestra aNI Kent Youth Chotr ian a full sel of coulses during
the year and we were delighted that they were all able to finish theii wurses with live perfoffnances.
Page 5

KENT MUSIC
{A company limlted by guarnntgo)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Achievements and Perfornianco {continuad)
Revlew of actlvltles Icontlnuedl
Kent Musi¢ Summer School took place in new facilities at Bgnendgn Schcol induding a now purptss&buitt
concert hall that we were the first organisation apart from the school to use. This gave students the opportunity
to enjoy the experience of plawng in a professional quality concert hall. many for the first time. Numbers
inctsa5ed again this year 309 stLtd8nl$ attending summeT school Coufses. In addition, we continued to
provide an experience day fof Students from prinkqry schools in Kent. gNing children the opportunty to play
music with children from other schwls as well as witness rehearsals by students attending summer school
cour￿. This attracted a further 90 students lo the summer sthool.
Kent Music's roadsh(Y•V, featuring three of our most experienced teachers, perfom)ed in schools through¢)ul the
county every Monday during temi ￿Me. reaching approximate￿ 10.000 children.
Mu$lc Educatton Hub
The music educalbn hub continued to thrive during the year. In 2021r22, fo11th￿n9 threè pllot profectS, impcrtant
changes to the way in which the hub funds music in sch{￿lS were made with th8 intlDduction of a new
programme of Funded Opportunities. Through this programme schools ￿￿Id seek financial supwt for
MusicPlus, ensembles or bespoke support, for example to help devebp the music curriculum for the sthoc4. As
a re$utt of this approach, over 30 schools have opted for besp(*e 8UPPOrt whtch be provided durng the
2022r23 academ￿ year.
Also. during the year partnerships with the Bo11￿ 8rass Band and the Englrsh Folk Dance & Song Soclety
enabled Children & young people al sch¢Jols in Ashford and Gravesend to take part in creative projects designed
to broaden their ensemble praying experience.
Oryanlsatlonal Change
In Marth 2022 the charity entered into a peri&d of consultatlon with staff on a proposal that W¢￿￿$ seek a
considerable reduction in the costs of running the tharity. including a re5twcturing of the staff team. A now
structure was agreed by the end of the yearto be implernented from September 2022.
Also during the year preparations lo move Kent MUS￿ into a new purpos&buiit building in Ashford reached a
conclusion. The new building is part of a creallve enterprise quarter in Ashford wlth Kent Musk and Jasmin
Vardimon Company being the anchor organisations. The move brings all of Kent Music's staff, musical
instruments, equtpmenl and library under one roof for the first time and makes a considefable saving on annual
venue costs. The move look place just after the financial year end.
Golng concem
The accounts have been prepafed on a going concem basis. The trustees have a reasonablo expedalion that
the charity has adequ8le resources to continue in operation exlslence for the foreseeable future.
We are in dis￿$s1On with Kent County Councl to confinn their level of support for the comirvJ year.
Arts Council England (ACE) have confimied that lunding to music hubs will remain al current leveLq until August
2024. In advance of August 2024 the￿ will be a bidding proces5 to run mLtsi¢ education hubs when funding for
an unspgcÉfied peric41 beyond September 2024 will confimied.
Cash in bank at 31 August 2022 was £1,528,112. With the grant from ACE confi￿ed and tuition income
stabdising we anticipats that there is mor& than er￿Ugh cash lo cover any eventualty.
Page 6

KENT MUSIC
IA company Ilmlted ty guarantee)
TRUSTEES. REPORT ICONTINUED
FOR THE YEAR ENDED 31 AUGUST 2022
Flnanclal revlew
Rgsgrvgs pollcy
The charity has a target level of free reserves ol three months. worth of unrestricted expenses this is circa
£165.000. We currently have general ieserves of £1,569,188. For a detailed breakdown please See page 27.
Free reserves are hekl for the following eventualities..
To cover potential fluctuations in fundlng from grants while e0515 are adjusted.
To allow Kent Music to explore opportunities in line with its charitable obje¢tNes.
For unexpected wsls relating to the relocation of office5.
In g*Jdrtion the followlng sums are held in reserve..
An endowment fund of £333,694 resumng from o gift to the charity by Mrs D Baker
Restricted funds of £1.163,392.
Rlsk Managerngnt
The charity maintains a risk registor that sets out the major rlyks in the foll0v￿￿9 categories." governafice.. music
educalton hub., extemal risks., regulation & compliance.. finance., and operations. The risk registe¥ is updated for
each board meeting and the changes since the previoLts board meeting are brought to the attention of the
Iruslees who discuss and agree any action thot is required.
Guarantees
Members of the charty guararrteg to contribute an amount not exceeding £1 to the assets of th8 charltable
ompany in the evgnt of winding up. The lolal number of such guarantees al 31 August 2022 was 13 {2021-.12).
The trustees have ￿ b￿effic￿?1 interest in the charitsbie wnpany.
Infomiatlon on Fund Ralslng actlvltles
Kent Music complies with sedor best practice. There were no complaints In relation lo fundr8islng during the
year and no professional fundraisers or commercial partners Conducted fundraising as ￿pr￿Sen￿lIVe5 of Kent
Musi¢. The tru$lees have been made aware of the Fundraising Regulatorfs 2019 Codg of Fundraising Practice
which is applied to all fundraising activilies.
Page 7

KENT MUSIC
(A company Ilmitsd by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Statement of TN$t8es' rosponslbllltles
The Trustees (who are also the directors of the Company for the purposes of company law} are responsible Igr
preparing the TNstees' report and the financial statements in accordance with applicable law and United
lQngdom Accounting Standard5 (United Kingdom GenerallyAccepted Accounting Pradce).
Company law requires the Trustees to prepare finaneial stalem$nl¥ for eath financial year. Undei company jaw,
the Trustees musl not approve the financial statements unless they are satisfied Ihat they give a true and fair
view of the stale of affairs of the Company and of its incoming resources and application of resources, includin9
ts rncorre and expenditure, for that perfod. In preparing thes8 financial statements, the Trustees are requlred lo..
select suitable accounting policies and then app￿ them consi$tenlty'.
observe thg methods and principles of the Charities SORP IFRS 102)..
make judgments and accounting eslimales that are reasonable and pnKlent.'
slate whether appllcable UK Accounting Standard3 IFRS 102) have been followed, subject to any material
departures disdosed and explained in the financtal stalemenl5:
prepare the financial statemen15 on the going COn￿M basis unless it is inappropri*e to presume that the
Companywil continue in business.
The Trustee8 are responsible for k¢eping adequale accounting records that are SLrfficient to arKI explain
the Companls transactions and disdose with reasonable accuracy at any time Ihe financial position of the
Compary and enable them to ensure that the financial statements compty with the Companies Act 2006. They
aro also responsible for safe9uardlng the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and othgr irregularities.
Dlsclosure ol Information to auditor
Each of the persons vtho are Trustees at the time when thi8 Tru8tee8' report18 approved has confimied thaL'
so far as that Trustee Is aware, there is no relerdnt audit infonnation of wfiich the charitys auditor is
unaware. arKS
that Trustee has taken all the stsps that ought to have been taken as a Trustee In order lo be aware of
any relevant audit infonnalion and to establish that the charivs auditor is aware of that information.
Audltor
The auditor, Cr¢)we U.K. LLP. has indicated his willingness to continue in office. The designated Trustees will
prop08e a motion reappointing the auditor at a meeting of the Trustees.
Appfoved by order of the members of the board of Trustees and sÉgngd on their bghall ty.
Mr Gei)ff Mllos, Chalr
Page 8

KENT MUSIC
(A company limlted by guarantee}
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KENT MUSIC
Oplnlon
We have audited the firbancial statements of Kent Mu$iG Ilhe'Gharilable wmpanv) for the year ended 31 August
2022 which comprise the slalgmenl of financial actlvities, the balance sheet, the statement of cash flows and the
related notes, including a summary of gunificant accounting policies. The finaneial reportin9 framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, includirg
Financi81 Reporting Starkdard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (United Kingdom GenoraliyAccepted Accounting Practice).
In i)ur opinlon the financial stalemenls:
give g true and fair view of the stale of the charitable companvs affairs as at 31 August 2022 and of its
ineoming resour￿9 and application of resources. including its income and expenditure for the year then
ended.,
have been pTop9rly prepargd in accordance wth United Kingdom Generally Accepted Acwinling
Practice,. and
have been prepaTed in accordance with the requiremerFts of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance wilh Internalional Standards on Auditsng (UK) (ISAS (UK}l and applicable
law. Our responsibilities under those standards are further described in the Audilorfs iesponsibililies for the audit
of the financial slalements section of our report. We are independent of the charitable company in accordance
wtth the ethical requlrements that are relevant to our audit of the financial statements in the Unf(ed IQNJdom.
including the Financial Reporting Council's Ethical Standard. and we have fuffiiied our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
suffictent and appropriate to provide a basis for our opinion.
ConGlu$lons rolatlng to golng concern
In auditing the financial statements, we have concluded that the Trustees, use of th& going concern basis of
accounting in the preparation of the financial statements is approprlate.
Based on the work we have performed. we have not 1derttrf￿ any material uncertalntles relallng to events or
eondilions that. individually or colledwety, may cast signrficanl doubt on the ¢harilable compan￿6 abilty to
ontinue as a going concern for a perK>d of at least tweive months from wh9n the financial statements are
guthorised for issue.
Our fesponsibilities and the responsbi ilities of the Trustees wth respect lo golng concern are dexribed in the
reievant sections of th1$ ￿pOrt.
Page 9

KENT MUSIC
(A company Ilmlted by guarnfttsel
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KENT MUSIC (CONTINUED)
Other Inforniatlon
The other infonnalion comprises the informallon included in the annual report other than the financial statements
and ¢)ur auditorfs report thereon. Tho Trustees are responsible lor the other infornalion contained within the
annual report. Our opinion on the financial slalements does not cover the other infonnalion and. except to the
extent othemlse explicty stated in our report. we do not expres5 any forn of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so. consider whether the other inforrnalion is
malerialty inconsistent wlh the financial statements or our knO￿edge obtained in the course of the audit, or
othenwse appears lo be materially misstated. If we Klentfy such malertal inconsistencies or apparent material
misstatements. wo arg required lo detetmine whether this gwes rise to a material misslalemenl in the financial
statement$ themselves. If. based on the work we have perfom)ed. we conclude that there is a material
misstatement ￿thIS other infomwlion, we are required lo report thal fact.
We have nothing to report in this regard.
Oplnlon on 0thg1 matters pre$Crfb￿ by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Truslees, report lor the financial year for which financial statements are
prepared 1$ corÈsislent with the financial statements.
the Trustees. report has been prepared in acc¢xdarKe wtth applicable legd requirements.
Mattors on whlch we are requlred to report by oxceptlon
In the light of LNJr kn￿￿edge and understandlng of the charbtable company and its environment obtsined in the
course of the audiL wo have not [dent￿lad material mi5$tatements in the Trustees, reporL
We have nothing to report in respect of the following matters in relation to wPAch Companies Act 2006 r4uires
u$ to report to you rf. In our Opinton:
adequate acctyjnting records havo not been kept, or returns adequate lor our audit have not been
receNed from branches not visited by ys; or
the ffinarKial slalemènts are not in agreement with the aecountlng records and retums,. or
certain disclosures of Trustees, remuneration specified by law are not made: or
wo have not received all th8 infomiation and explanations we require for our audit.. or
the Trustee5 were rtol entillad lo prepare the financlal statements in a¢¢ordan¢e wtth the srnall ¢ompan
regime and take advantage of the small companie$, exemptions in preparing the Trustees, report and
from the requirement to preparn a Strategic repo
Page 10

KENT MUSIC
(A company Ilmlted by guarant•o)
INDEPENDETrtf AUDITOR'S REPORT TO THE MEMBERS OF KENT MUSIC (CONTINUED)
Responslbllltles of trusteeB
As explained mre ful￿ in the trustees, responsibilities statement, the Trustee$ (who are also the directors of the
charitable company for the purposes of company lawl are responsible tor the preparalion of the financial
slalements and for being Satisfied that they give a true and fair v¢ew. and for such internal control as the
Trustees detemine is necessary lo enable the preparallon of financkal statements that are free from material
misstatement. whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable companls 8bllty
to ￿ntinue as a going concern, disclosing, as appl¢¢able. matters related lo going ¢oncem and using the going
concem basis of accounting unless the Twslees either intend to liquidate the charitable eompany or lo cease
opèr81ions. or have no fealistic attematwe bth to do so.
Auditorfs responslbllltles for the audit of the financlal stalements
Our objectives are to obtain reasonable assurdnce about whether the financial statements as a wFK)le are free
from material misslalement. whether due to fraud or error, and to issue an audilorfs report that includes our
Opin￿￿. Reasonable assurance is a high kvel of assu￿n¢e, but is not a guarantee that an audit conducted in
accordance ISAS IUKI will aws delecl a material misstatement when it exists. Mi5Statements can arise
from fraud or erior and are consvjered maloikql if, lndiwdua1￿ or in the aggiegate. they could reasonabty be
expected to influence the e￿nOMiC decÈsions of users taken on the basis of these financial slalernenls.
Irregularitles. including fraud, are instance8 of non-compliance with laws and regulalions. We design procedures
in line with our responsibilities. OLrtiined above. to deteet material misstalemenls in resped of irregularities.
including fraud. The extent to whkh our procedures are capablg of detecting ilregularities. incI￿11ng fraLkl Is
detailed belw..
Enquiry of managemenl including considerations of kn¢)wn or $u5peded in$lances of I￿n-¢LimpI1anCe WFth
laws
and regulat￿n5 and fraud.
Reviewing minLrtes of meetings of those charged with goveman¢e.
Revtewng financkil slalement disclosures and testing to ¥upporting documentation to assess compliance
with applicable laws and fegulalions.
Identifying and testing joumal entrie5. In particular any joumal entries posted with unusual account
combination.
Designing audit procedures to incorporale unpredictability around the nature, timtng or extent of ourtesting.
Because of the inherent limttalions of an audit, there is a risk that we wai not delecl all irregularities. including
those leading to a material misstslement in the financial ststements or non40mpliance with regulation. This risk
increases the more thal compli8nce wllh a law or regulation is removed from the events and transactions
refiected in the financial slatemenls. 8$ we ￿11 be less likely to become aware of instances of non-umpliance.
The risk is also greater regarding irregularities occurring due lo fraud rather than error. as fraud invofves
intenlronal concealment. forgery, collus￿n, omissM)n or misrepre8enlaliDn.
A further descriptlon of OLtr responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. wM.fre.o
.ukl8uditorsres
sibilities. Thi5 description forms part of c￿r
auditorfs report.
Page 11

KENT MUSIC
(A company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KENT MUSIC (CONTINUED)
Uso of our f•port
This report 18 made solely lo the charitable companls trustees, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken $0 that we might stats to the tharitable
Ipanys trustees those matters we are required to 8tste to them in an auditovs report and for no other
purpose. To the fullest extent pemiitted by law, ￿ do not accept or assume responsibility to anyone other than
the charitable company and 118 members, as a body, for our audit work, for this ￿Port, or for the opinion$ we
have foryned.
lan Weekeslsonlorstatutory auditor)
for and on behaifof
Crow• U.K. LLP
statutory Auditor
RNerside House
40- 46 High Street
Maidstone
Kent
ME14 IJH
Date.. 6 April 2023
Page 12

KENT MUSIC
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE AccouTrrr}
FOR THE YEAR ENDED 31 AUGUST 2022
Unrestricted
funds
2022
Restricted ETrdowment
funds
funds
2022
2022
Total
funds
2022
funds
2021
Note
Income and
endowments from:
Donations and legacies
Charitable activitigs
Investments
3.638
1,031.609
1,436
3,638
3,221,415
1,436
16.403
2,956,288
2,531
2,189.806
Total Income and
endowments
1.036.683
1189.806
3,226A89
2,97&222
Expendlture on:
Charflable actNities
860A174
2.342.237
3,202.311
2,9CQ, 710
Total expenditure
860.074
2.342.237
3.202.311
2.9￿, 710
Net movement In
funds bèfore other
reeognised gains
176.609
(152A31)
24178
74,512
Other recognised
gains:
Actuarial gains on
defined benofit pension
schemes
24
469,000
469,000
2540CQ
Net movement In
funds
645.609
1152A31)
493.178
332.512
Reconciltation of
funds".
Total funds brought
foThvard
Net movement In ftjnds
923,579
645,609
1,315,823
1152.431
333,694
2,573,096
493,178
2,240,584
332.512
Total funds Carried
fi)nvard
1.569.188
1.163.392
333,694
3.066.274
2.573.096
The Statement of financial acltvities indudes all gains and tosses recc&nlsed in the year.
The notes on pages 17 to 35 foim part ofthe$e financial ststemonts.
Pa9e 13

KENT MUSIC
IA company fimltod by guarnnt•91
REGISTERED NUMBER: 05464855
BALANCE SHEET
AS AT 31 AUGUST 2022
2022
2021
Not#
Flxgd assets
Tangible assets
11
86,288
117,8oa
86,288
IIT.808
Current agsets
stocks
Debtors
Investmants
Cash at bank and in hand
12
13
14
1,003
1.259, 143
333.694
1.$39,991
1,324,388
333.694
1.528.112
3,180,192
3, 133,837
Creditors: amounts falling due Wbthin ona
year
15
1186,206)
(182,549)
Net current assets
2,999,986
2.951.288
Total ass9ts less Cufrent liabilities
3.086.274
3,069,096
120.CW}
Provisv)ns for liabilities
Net assets excluding pgn$lon asset I
Ilablllty
Defina benefit pgnston scheme asset I
liability
120.000)
3,066,274
3,049,096
25
(474LkX)J
Total net assets
3,066,274
Z5T3,096
Charlty fvnds
End¢wrnent funds
Restricted funds
Unrestricted fvnds
Unrestr￿ed funds excluding pension liability
Pension reserve
17
17
333.694
1,163.392
333,694
1.315.823
17
17
1,569.188
1,399,579
(4r6,000)
Total unrestricted fvnds
17
1.569.188
923.579
Total funds
3,066,274
2,sr3,096
Page 14

KENT MUSIC
IA company limited by guaranteo)
REGISTERED NUMBER: 05464855
BALANCE SHEET ICONTINUEDI
AS AT 31 AUGUST 2022
The entity was entitled lo exemption from audit under section 477 of the Companies Act 20C6.
The members have not required the entity to obtaln an audrt for the year In question in accordance with section
476 ofthe Companies Acl 2006.
However, an audit Is required in accordanc9 with section 144 of the Charities Act 2011.
The Trustees #cknowkdge their responsfoilities for eomptying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financki18lalements have been prgpared in accordance with the provtsions 8pplicable to entities 8ubject to
the small companies regimg.
Tho financial statements were apptoved and authorised for issue by th8 Trustees and signed on their behalf b￿.
Mr Geoff Miles (Cha5r)
Mr Timothy Leate5
Oate. Iilllz.s
The notes on pages 17 to 35 form part of these financial statements.
Page 1S

KETrtr MUSIC
(A company lim1t￿ by guarantse)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2022
2022
Cash flows from operntlng actlvltles
Net cash used In operating actNitie8
17.8671
27,021
Cash flows from Investlng actlvltles
D￿¥jends, interests arKI rents from inve5tmentS
Purchase of tangible ffxed assets
1.469
15.4871
4.539
(24551)
Not ush US￿ In Investing a¢tlvlUes
(4,018)
{21,012)
Cash flows from financlng activities
Net Gash provlded ty flnanclng a¢tlvltles
Change In cash and cash equlvalents In the yoar
Cash and cash ￿u￿alents al the beginning of the year
111.8851
1.539.997
6.009
1,$33.988
Cash and cash frqulvalonts at the end of thè year
1,528.112
1,539,997
The Mtes on Pag￿ 17 to 35 fomi part ofthesg financial statements
Page 16

KENT MUSIC
{A Company Ilmlted by 9uarantoe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Charlty Inforniatlon
Tho principal actNty of the éntty durtng the year was the provislon of mu$K edU￿tIC￿.
The charrty is a charttable company limited by guaranlge which is incorporated and registered in England
and Waks105464855).
The 8ddfess ofthe Registered office is..
Units 25 & 26,
Creative Enterprise Quarter.
Javelin Way.
Ashford,
TN24 8FN
Accountlng pollcles
2.1 Basls of preparation of financlal statements
The financSal statements have been prepared in accordance wlh the char￿&5 SORP (FRS 102) -
Accounting and Reporting by Charities.. Slalemenl of Recommended Pradice appluble to charities
preparing Ih8ir accounts In accordance with the Financial Reporting Standard applic8bfe in the UK
and Republic of Ireland IFRS 1021 leffeclNe 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Irefand IFRS 102) and the Compan*s Act 2006.
Kent Music meets the definition of a publ¢c benefrt entity under FRS 102. Assets and liabilitigs are
initially reeognised at historical cost or transaction value unle$$ otherwise stsled in the relevant
accounting poli￿.
2.2 Company ststus
The company is a company limited by guarantee. The members of the company are the Trustee8
named on page 3. In the event of the company being wourKI up. the liability in respect of the
guarantee 15 limited to £1 per member of the company.
2J Going ￿nCern
The accounts have been prepared on a golng concem basls. The trustees have a reasonabla
expectation that the charity has adequ818 resources to continue in operation existence for tho
foreseeable future.
We are in discuss*)n with Kent County Council to confimi their level of support for the coming year.
Arts Coun¢il England {ACE} have confimed that funding to mLF$iC hubs WIN remain at eurrent levels
until August 2024. In advance of August 2024 there will be a bidding process lo run music education
hubs when fundlng for an un$peufied p8riod beyond September 2024 wrH be C(￿rIrMed.
Cash in bank at 31 August 2022 was £1,528,112. Wrth the grant from ACE confimied and tuition
Income stabilising we antKpate that there is mofe than enough cash lo cover any eventuality.
Page 17

KENT MUSIC
IA company Ilmlted by guannteèl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Accounting polici8s (continued)
2A Income
All income is recognised once the Company ha5 entillement lo the income, it is p￿babIe that the
In￿Me will be received and the amount of income receivable can be measured reliably.
Grants are included in the statement of fin8ncFal actNitses on a re￿1vable basi5. The balance of
Incorne received for spectfic purposes bul not expended during the period is Shown in the relevant
funds on the balance Sheet. Where income is I￿e1Ved in advance of entitlement of receip( t
recognition is deferred and inctuded in creditorn as deferred income. Where ent￿ement occurs
before income is f8ceived, the income is accrued.
Income recoverable in relat*)n to investment income Is recognised at the time the investment
irume is receivab￿.
Teaching income ts recognised In the period in whlch it is rKeNable and to the exlgnt the lessons
have been provided or on ￿MpletiOn of the service.
For legacies, enlitlemenl 1$ taken as the earfier of the date on which either.. the company Is aware
that probate has been granted, the estate has been finalised and notifKalion has been made by the
execulor{$l to the Trust that a distribution will be made, or when a distribution 1$ r￿e1ved from the
estsle. Receipt of a legacy. in whole or in part, is only considered probable when the amount can be
measured reliably and the company has been notif￿d of the executorfs Intent￿)n to make a
distribution. Where legacies have been notified to the company. or the company is aware of the
gfdnting of probate. and the criteria for income recOgnit￿n have not been met, then the ￿gacY is
treated as a contirKJenl asset and discbsed if material.
2.5 Exponditure
Expendtture ts recogrFised once Iherg is a legal or constructwe obligation to transfer ecDnomic benefft
to a third paty. it is probablg that a transfer of economic benefits will be required in sottlement and
the amount of the obligation can be measured reliabty. Expenditure is classrf￿d by actmty. The Costs
of each aCtI￿ty are made up of the total of dired costs and shared costs. including support costs
invofved in undertaking each octivity. Direct costs attribulable to a single actlvity are allocated directly
to that adivity. Shared costs whlch contribute lo more than one activity and support costs whith are
not attributable to a single actI￿ty are appOrt￿ned belwoen those a¢tivf¢ios on a basis consistent with
the use of resources. Central Staff tOSt$ ar8 allocated on the basis of lime spent, arbl depreciat¢on
charges allocated on the portion of the assefs use.
Expenditure on charitable actfvitles is incurred on directy undertaking the actiwties wh￿h further th8
Companvs cbjectives. as well as any a$so￿ated 8LlPPOrt costs.
Charitable aclivitios and Govemance costs are costs incurred on the Gompanvs operation8. including
$upport costs and costs relating to tho govomance of the company apportioned lo Charitable
actNilie8.
All exPend￿Ure is indusivo of irrecoverable VAT.
Page 18

KENT MUSIC
{A ¢ompany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng policie51continuedl
2.6 Tanglble Ilxed assets and doprKlation
Tanglble fixed assets costing £200 or more are capitalised and recognised when future economic
benefits are probable and the cost or value ofthe assèt can be measured reliably.
Tangible fixed assets are initialty recognised 8t cost. After recognition, under the c05t model, L7wible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
rosses. Ml costs incurred to bring a tangible fixed asset into its Intended working condition should be
included in the measurement of cost.
DepFeaation is charged so as to allocate the cost of taft9￿18 ffixed assets less their resrdual valu
¢)ver their estimated useful lives.
Depwi*ion 15 pwded on the follc¥wing bases:
Long Temi Leasehold Property - Over the19rn of Ihelgasg
Fixtures. frttings and equipment 12-509h reducing BalarKo
Inslwmenls
33% straight lino
17 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving Stocks. Cost includes all direct costs and an appropriate proportKin of fixed
and Trrnriable overhead costs.
2.8 Debtors
Trade and other debiot5 are reccgnised at the setuement amount after any trad8 discount offered.
PrepayTnenls are valued at the amount prepaid net of any trade dlscounls due.
19 Cash at bank and In hand
Cash at bank and in hand includes Cash and short4ami highty IK4uid investments with a short maturty
of three rnonth5 or less from the date of acquisition or opening of the deposit or sunitar aecount.
2.10 Llabllltles
Llabllitles and provisions are recognised when there Is an obligation at the balarKe sheet dale as a
resutt of a past event, it is probable that a transfer of econornic benefft WIN be required in settlement
and Ihg amount of tho settlgmonl can be estimated reliabty.
Liabililies are recognised at the amount that the Company anticipates it win pay lo settle the debt or
the amour¥t it ha$ re￿Ived as advanced payments for the goods or seThices tt must prowde.
Provisions are measured at the best estimate of the amounts required lo Settle the obligation. Whero
the effect of the lime value of money is material. the provision is based on the present value of those
amounts. discounted at the pr&tax diseount rale that reflects the risks sp¢¢rfic lo the liability. The
urwinding gf the discount 13 ￿OgnISed in the statement of financial actNilies as a finanee ￿$t.
Page 19

KeKr MUSIC
IA company Ilmltod by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng policies (Continued)
2.11 FIna￿la1 Instruments
The Company On￿ has financ¢al assets and financial Ilabilities of a klnd that qualify as basic financlal
inslrumenls. Basic financial instrumen15 are Initial￿ recognrsed at transadion value and subsequentty
measured at their settlement valug with the excepts'on of bank loans which are subsequentty
measured at amortised cost using tho effective iftterest methth*.
112 Op9ratlng1oases
Rentals paid urKter operating leases are charged to tho statement of financial actNit*s on a 8lralght
line basts over the tease temi.
2.13 Penslons
The charity operales a defined conlrlbulion pen8lcA7 Scheme and tha penslon charge represents the
amounts payable by the company to tho fvnd in respect ofthe year.
The charity previousty operaled a defined ben8fil$ pension scheme and the pension charge 1$ based
on a full actuarial valuation d*ed 31 March 2019 and updated to the 31stAugusl 2022.
114 Fund accountlThg
General funds are unrestricted fund$ which are alrailable for us& at the discretion of the Trustees in
lurtherance of the general objectives of th& Company and which have not been desKJnated for other
purposes.
Designated funds comprlse unrestricted fund$ that have been Sel aside by the Trust998 for particular
purposes. Tho aim and use of eath deslgnated fvnd is set in the notes lo thg financlal
statement5.
Restricted funds are funds which are to bo used in a￿ordance wlh spe¢ffi¢ reslridions imposed by
don¢Ns or whlch have bèen raised by the Company for particular pU￿Oses. The costs of raising and
administèring Such fvnd$ are charged against the specffic fund. The aim and use of each restricted
fund 15 set out in the notes to the finandal statements.
Investment ineijme. gains and105ses are allocated to the appropriate fund.
Page 20

KENT MUSIC
IA company IlmFt•d by guarantge)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Crltlcal accounting èstlmates and areas oljudgment
Estimate$ and judgments are Continual￿ evaluated and are based on historicai experience and other
factors, inciuding expectations of future events that are believed lo be reasonable under the
clrcumstances.
Crittcal accounting estimates and assumptions..
The company makes eslimatss and assumption5 concerning the future. The resulting accounting
estimates and assumptions will, by dgfinilion, seldom ￿￿al the related actual results. The estimates and
assumptions that have a swJnific&nt risk of causing a material adjustment to the carrwng amc¥Jnts of
assets and liabil¢ties within the next financial year are discussed belcM.
1) The present value of th¢ Local Governmont Pension Scheme defined benefft fvnd depends on
number of factors that are delemiinod on an actuarial basis using a variety of assurnplions. The
assumptions used in delefftiinitvJ the net cost (income) for pensions include the discount rate. Any
changes in these assumptions, ￿lch are disdosed in note 21. wll impact the earryng amount of the
pension fund.
Furthermore a roll forward approach which projects resutts from th& latest full aduarial valuation
performed at 31 March 2019 ha5 been used by the actuary in valuing tho pen$ions fund at 31 August
2022.
Any dlfferenos befyveen the figures derived from the roll fonyard approach and a lull actuarial valuation
would impaGt on the carrying amount of the pension fund.
The liabilty has algo been calculated using n￿rIalitY rale8 used bythe UK govemmenl
Incomg from donatlons andlogaclos
Unrestrlcted Rg$tridod
funds
funds
2022
2022
Total
funds
2022
Tolal
fvnds
2021
Donath)ns
3,638
3,638
16.403
Tot812021
1.394
15.009
16,403
Page 21

KENT MUSIC
IA ￿MpanY Ilmlted by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
In¢omg from charftsble actlvEtles
Unrestrlcted Rostrfctsd
fund$
fund$
2022
2022
Total
lunds
2022
Total
lunds
2021
Tuition fees
Kent County Council
Inslfttments hire fees
Concert fees and admission charges
Other income
Grants
Coronawtus job retention scheme
754,992
204,000
61.118
2,566
755
754,992
204.000
61,118
2.￿6
755
2,189,806
8,178
427,683
38,710
129
2, 144.653
141,113
2,189,806
8,178
1.031.609
2,189,806
3.221.416
2.956,288
Tolal 2021
811,635
2, 144,653
2956,288
Investment In￿Me
Unrestrlcted
funds
2022
Total
funds
2022
Total
fvnds
2021
Investment in￿me
1,436
1.436
2.531
Page 22

KENT MUSIC
IA company Ilmlted by guarantÈo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Analysis of expendlture by Fund typg
Unrostrlcted Restrictsd
funds
funds
2022
2022
Total
nds
2022
Total
fvnds
2021
Pension finance costs
Staff costs
Travel wsts
Instrument costs
Staff trainin9 and recntttm&nl
Operating lease rentsls
Accommodation, computer and offi¢0 costs
Other expensgs
Other teaching and administrative costs
Bursarie$
IProfftllLoss on disp¢)501 of frxed asset8
Tfuslees, Indemnty Insurance
Professional fees
School funding
Projects and workshop wonditure
Life insura￿0
Depreciation and amorti8ation
9,000
243.069
33.774
9.000
1,878.546
33.774
46.877
2S,089
104,960
244,688
84114
42.036
150.168
(2061
896
53,530
484,626
13,000
i.TT9.077
22.921
24.277
20,459
128,535
21&675
44.408
24718
79.625
(125)
821
51,787
422,328
571
6.510
62. 123
1.635,477
46,877
25.089
104,960
244,688
84.114
42.036
150,168
(206)
53,530
484,626
7.210
37,003
7,210
37.1)03
860.074
2,342,237
&202.311
2900.710
rot4 2021
688,657
Z212,053
2.900.710
Audltorf$ romungrntlon
2022
Fees payable to the Compa￿$ auditor ftjr tho audit oflhe CompanWs
annual accounts
15,000
Fees payable to the Companls auditor in respect of..
Preporat¢on of the financial slalgmenls
3.800
3, 100
Page 23

KENT MUSIC
company limitsd by 9uarantsol
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Staff ¢o$ts
2022
2021
Wages and 8alari88
Sttlal se¢urity costs
Contribution lo defined contrfbution pension scheme5
1,707,124
126.840
44.582
1.625.080
111.654
36,343
1,878,548
1,779.077
Thè averagg numbgr of Persons employed by thè Company durin9 tho year was as folknvs:
2022
2021
No.
Teathers
Administration
108
43
104
39
143
The numbèr of empbyees whose employee benefits {excluding empl¢)yer pension costs) exceeded
£60.000 was..
2022
No.
No.
In the band £90.001- £100,OLKI
In the band £100,001- £110.000
The senior management learn ￿)mPrised the Chief Executive. the Chief Opefatlng OffKer, Senk*r
Manager Finance, Senior Manager Educats'on and Head of Partnerships. Th total remuneration of key
management personnel in the year was £248,26612021- £247,301).
Pag8 24

KENT MUSIC
IA company Ilmlted by guarantoo
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
10. Trustees. remuneratlon and expenses
During the year ended 31 August 2022, no Trustees received any remuneratlon or other beneffts {2021-
£Nill.
During the year ended 31 August 2022, expenses lotaning £NIL were reimbursed or pald diredty lo
Twstee (2021- £29510 I fwstee). Th￿e costs were in respect of CPD training and pilot work.
11. Tanglblo Ilxed assets
Long-terni
Flxtures,
leasehold flttlngs and
propgrty
equlpment Instwments
Total
Cosl or valuatlon
At 1 September 2021
Additlons
Disposal$
75.919
155.908
1.187
{3.696
672.630
4.300
904.357
(3,6961
At 31 August 2022
75,919
153,399
676,830
906,148
Depr¢clatlon
At 1 September 2021
Charge for the year
On disposals
72,132
3.787
109,285
14.902
(3.6921
605.132
18.314
786,549
37.003
(3.6921
At 31 August 2022
75,919
120.495
623,446
819,860
Net book value
At 31 AugU812022
32.904
53R84
86.288
At31 August 2021
3,787
46.623
61,398
117,808
11 Stocks
2022
Raw materrals and COr￿Umabl￿S
1,003
P£ge 25

KENT MUSIC
(A ¢ompany Ilmltsd by guafantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
l& Debtors
2022
2021
Due wtthln one year
Trade debtors
Other debtors
Prepayments and accrugd income
127,291
2.863
1,194,232
15.380
2.563
1,241,200
1.324,386
1.259. 143
1& Current asset Investments
2022
2021
Unlisted i￿StMents
333.694
333,694
15. Cr•dltorn.' Amounts falling duo wlthln one yoar
2022
2021
Trade creditors
other taxation and ¥￿la1 security
Other creditors
AttnFal$ and deferred income
4&808
36,128
23,768
121.602
34.379
46, T80
20,394
80.996
186,206
182,549
16. FinanGlal Instruments
2022
2021
Flnanclal assets
Financial assets measured at fair value through income and expenditure
1,861,806
1.8T3,691
Page 26

KENT MUSIC
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
17. Ststsment of funds
Statsment of funds - curnnt year
Balan¢e at 1
September
2021
Balance at
GaIn￿ 31 August
ILossesl
2022
Income Expendlture
Unrostrfcted funds
Deslgnated funds
Fixed asset fund
117.808
131,520)
86.288
General funds
General Funds- all fur￿¥
Pension reserve
1281.T11
1476,0001
1,036,683
{828W41
17,QIXII 1,482,900
476.000
805,n1
1,036,683
1828.554)
469.000
1.482.900
Total Unrestrlcted fund$
923,579
1,036,683
1860.074)
469.000
1.569,188
EndON￿ont fundy
Endowment FurKls- all funds
333.694
333,694
Rostrlcted funds
KYWO instntment fund
Bursary fund
Kent YoLrth Choirs (KYC)
Youth Music- Fund C
Youth Music
Arts Council England
D A Baker Endowmenl
11.865
37.091
3,078
366
8,180
1244,464
10.779
11,865
37,091
3.078
2.544
8,180
1,089,855
10,779
11,178
(9.000)
2.178.628 {2,333,237)
1,315,823
2,189.806 (2.342,237)
1.163,392
Total of funds
2,673,096
3.226M89 {3,202,311)
489,000
3,066.274
Page 27

KENT MUSIC
IA Gompany Ilmlted by guarantèo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
17. Statement of funds {Gontlnued)
Statgment of funds - prlory•ar
Balance al
I Septembgr
2020
Balanca 8t
31 August
2021
Gain
(Lossss)
Income Expenditu
Unrestrlcted funds
Designatsd funds
Fixed asset fund
154.380
(36,572)
117.808
Gfrn•ral fvnds
General Fund$- all fvnds
Pension reserve
1.123.296
(T39,000)
815,560
(657,085)
1,281,771
(476.OCQ)
258.LlXI
384,296
81&560
(652.085)
258,OOQ
805, 771
Total Unrestrlctsd funds
538,676
81456Q
f68Q657J
2MOOO
923,579
Ethonl Funds- al funds
333,694
333,694
Restrict￿ funds
KYWO instrument fund
Bursary fund
Kent YoLrth Choirs {KYC)
Youth Music- Fund C
Youth Music
Arts Council England
D A Baker Endowment
11,865
37,091
3,078
1,066
11,865
37,091
3.078
366
4180
1,244,464
10. 779
1,350
12,050)
(820)
2, 144,653 IZ209. 183)
4.659
1.308,994
6,120
1,368,214
2, 159,662 (2,212.053)
1,315,823
Total of funds
2,240.584
2,974222 12,900, 710)
258,000 2,573,096
P*g8 28

KENT MUSIC
(A company Ilmlled by guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
17. Statement of lunds (Continued)
Purpose ef restricted funds
{il The Kent Youth Wind Orchestra (KYWO) instrument fur￿ relates to fund$ received for the benefrt of the
Kent Youth Wind Orchestras.
(li) The Bursary fund relates to income recewed speafKally to assist students with payments of tuition
fees.
(lil) The Kent Youth Choirs IKYC) donation ftsnd is monres received on the closure of Methvay Opera and
relates to the unspent balance of monies received.
(iv) Youth Muslc fund relates lo funds received for the benefrt of the YoLrth Music Group and Yotrth Muslc
Group C.
(VÉ) The Arts Coun￿1 England fvnd relates to fvnding for the delNery of Music Education Hubs.
{vii)i D A Baker endowment fund relate$ lo the income and expenditure Lrtilised from the end*)￿￿ent fund
for tuition for children in the West Kent area.
As at 31 August 2022 there is a balanee of £1.089,855 because in accordance with Ihg Charity$
accounting policy, Grant income confirned as at l April for Ihe 12 month period is recognised in fvll al that
date. Costs are ￿nSIdered to be incurred evenly over the lem of the grant being 1 April 10 31 March. The
oulslanding balance indude8 7 months of irKome which will be used from September to Marth in line with
the grant term.
Purpose of designated furvjs
(i) The Fixed asset fund represents the value of furKls invested In fixed assets whlth are not, by the natLtre
of fixed 8s$ets, readily available forother purposes.
Pension re5eNe
The pension re￿rve included within the unrestricted reserves repTes9nls any defined benofit liabihty. In
the cuffent year Iherg 1$ no liability on the fund {2021- £476,000).
Page 29

KETrrr MUSIC
(A company Ilmlted by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
18. Summary of funds
Summary of funds- curront year
Balancg at 1
September
2021
Balanco at
Galnsl 31 Augusl
{Losses)
2022
Income Expendlture
Designated fvnds
General funds
Endowment funds
Restricted funds
117,808
805.771
333.694
1,315,823
131.5201
1828.554)
86,288
IA82.900
333.694
1.163,392
1.036,683
469.000
1189.806 (2,342,237)
2.573.096
3.226.489 13,202.3111
469.000
3,066274
Summary offunds- prlor year
88lart& al
I Septemb¢r
2020
Balance at
31 Augus¢
2021
Gai
(Losses)
Income Expenditure
Designated fvnds
General fvnds
Endowment furKIs
Restricted fvnds
154.380
384,296
333,694
1,368.214
(36,572)
(652,085)
117.808
804771
333.694
1.315,823
814560
258,000
2, 159,662 (2,212.053)
2,240,584
2,9T5.222 (2,900.710)
258.000
2.571096
19. Analysls of ngt assets be(wegn funds
Anatysl$ of net assets bètween funds- tU￿ent year
Unrestricted Restricted Endowment
funds
fvndg
funds
2022
2022
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within ono year
PpJvisions for liabilities ar￿ charges
86,288
1.689,106
{186.206>
{20,0001
86.288
3.186.192
(186.206)
120.000)
1,163,392
333,694
Totsl
1.$69.188
1.163,392
333,694
3,066.274
Page 30

KENT MUSIC
{A company limlted by guarantog)
NOTES TO TrIE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
19. Analysls of net assets between funds Icontinuedl
Analysls of net assets between funds . prfor year
Unreslricted
funds
2021
RestiTct8d Endowment
funds
funds
2021
2021
Total
funds
2021
Tangible fixed assets
Current assets
Creditors due within one year
Ptovistons for Ilabilities and charges
117,808
1.484.320
(182.549)
(496,(k70)
117,808
3, 133,837
(182.549)
(496.000)
1,315.823
333,694
Total
923,579
1,315.823
333.694
2.573,096
20. Reconclllatlon of net movement In funds to net cash flow from opgratlng actlvltles
2022
2021
Net income for the year (a$ per stater￿n1 of Financlal Adwitles)
24,178
T4,512
Adjustments for:
Depreciation thargos
Dividends, interests and rents from investments
Profil on tho sale of fixed assets
l)ecrease in stocks
Increase in debtors
Increase in tr&Jitors
37.003
62. 123
(8.2631
(4,539)
(206)
(125)
1,003
1.841
{65,2431 (129,846)
3.661
23.055
Net Gash provlded byl(used In) operatlng adhvltles
{7.867)
27,021
21. Anatysls of cash and cash oqulvalonts
2022
Cash in hand
I￿28,112
1,539.997
Total cash and cash equivalonts
1,528.112
1,539,997
Page 31

KENT MUSIC
IA company limlted by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
21 Analysls of Changes In not dobt
S8ptemb8r
At31
2021 Cash Ilows Au9llSt 2022
Cash al bank and in hand
Liquid investments
1,539.997
333,694
{11,B85) 1,528,112
333,694
1.873.691
111.885) 1,861,806
23. PTovl¥lons
Dilapldatlon
provision
At 1 September 2021
20.000
20.000
Actuarlal galns defined beneflt penslon schemes
Projectod
penslon
expense
2022
Penslon
rèserve
Total
funds
2022
Total
lunds
2021
2022
Net penslon asset In the statement of
flnan¢lal p¢)sltlon
Present value of the defined benefft obli9ation
Fair value of Ful￿ assets
Non recognised pension surplus
2.156,000
(2.334.000)
178.tsjo
2,156.OIKI
2.966.tk
(2.334.000) (2.490,Lk￿)
178.000
Total 2022
476,OLX)
Actuarial gains on d&finedb8nerrtpenslon
469,CQO
476.CQO
Page 32

KENT MUSIC
{A company Ilmlted by guarantso)
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 AUGUST 2022
25. Pon$lon commltmants
The group operates a defined contribution pension scheme. The assets of the scheme ale held separatety
from those of the group in an Indep&nden￿Y adminislerèj fund. The penS￿n wsl charge reprosenls
contributions payable by the group to the fund and amounted to £44.582 (2021- £36,343) were payable to
the fund al thè balance sheet date and are included in ueditois
Thg Charity also operates a defined benefit Fension scheme whth is dosed to new members.
The pension chargo is based on a fiFII actuarial valuation dated 31 March 2019 and updated to the 31st
August 2022.
Principal actuarial assLFmptions at tho balance she¢t date (expressed as wetghted averages)..
At 31 At 31 August
August 2022
2021
Discount rate
Futurg salary increases
Future pension increasès
RPI increases
CPI Increases
25
425
3.20
3.70
3.20
2.90
3.40
At 31 Al 31 A¢uust
August 2022
2021
Years
Yea
Mortality rates (in years)
- for a male 4ed 65 now
- at 65 for a male aged 45 now
- for 8 female aged 65 now
- at 65 for a female aged 45 n¢Jw
21.0
21.9
23.3
23.8
25.3
23.5
Page 33

KENT MUSIC
(A company limlted by guardntsg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
25. Pension commltments (continu•d)
The Ccffipanls share of the assets in the scheNk was..
At 31 At31 August
August 2022
2021
Equ¢ties
Gilts
other bonds
Propety
Cash and other liquld 8sset&
Ab801Lrte retum fur
1,528,000
14,000
309.000
275,000
40,(￿0
168.000
1,630,0
14,0
346,C
256.Lk
71.009
173,OCiI
Totsl falr value of assets
2.334.000
2,490.000
The actual retum on schema assets was £318,930 (2021- £323.OCQ).
The amounts recognised in the Statement of financial activities are as follows..
2022
2021
Interest cost
Admini8lralNe expenses
8.000
11,000
2,OCQ
Total amount reco9nlged In the Statement of flnanclal actlvltles
9.000
13.OCQ
Movements in the present valug of the defined benefit obllgalh)n weR as follows..
2022
2021
Opening defined bengfit obligation
Interest on assets
Actuarial {gainslAosses
Benefits paid
Unfunded pension P￿entS
Non recognised penston surptus
2,966,IXIO
3.043,C(Q
39.000
32,
(539.000)
33.C
(127,000) (137.cwJ
(5,000)
1178,0001
Closlng defjned benofit obllgatlon
2,156,000
2,966,000
Page 34

KENT MUSIC
{A ¢ompany limrted by guarante81
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
25. Pension commltments lcontlnuod
Movements In the fair value of the Companls sharg of scheme assets were as follow5".
2022
2021
Opening fair value of scheme assets
Actuarial (lossesygains
Contributions by empbyer
Contributions by scheme participants
Benefits pald
Admlni%lralive expenses
2,490,000
170,0001
16.000
39.000
1140,000)
{1,000}
2,304,OC
291,000
iaooo
32.oao
fl53,000)
(2.OCt))
Closlng falr value of scheme assets
1334.000
2.490.C
26. Opotallng lease commitments
At 31 August 2022 the Company had C¢Mimitments lo make future minimum lease payments under non-
cancellable opefating leases as ftjlknvs:
2022
2021
Not later than 1 year
Later than 1 year and not later than S years
14.601
152. 184
13, 712
14.S01
164896
In the ￿(rent year Kent Music entered into an agreomenl for the purchase of the virtual freehold (999-
year lease) of units kjcaled in Javelin Way. Ashft>rd. The purchase is being made from Kent County
Council at the a9reed purchase price of £1.400.000. The funding of this purchase wll be made a loan
of £1.400.000 from Ashford Borough Council. The loan period will be 40 years with the interest being
fixed for the duration of the loan at 3.17%. No contract had been Signed as at 31 Augusl 2022 and
therefore there is no accounting implication of this arrangement in the Current year beyond a £1
peppercorn renL
Page 35