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2025-08-31-accounts

Roglstorod numb8r: 05464855 Charlty number: 1110639 Kent Music (A company limited by guarantee) Trustees. report and financial statements For the year ended 31 August 2025

Kgnt Music IA company Ilmited by guarantso} Contents Page Reference and administrative details of the Company. its Trustees and adviser8 Trustees. report Independent auditors. report on the flnancial statements Statement of financial activities 9-12 13 Balance sheet 14-15 ststement of cash ftows 16 Notes to the flnanclal ststements 17-37

Kgnt Musl {A Gompany Ilmlted by guarantee) Reference and administratlve detalls of the Company. its Trustees and advlsoTS For the year ended 31 August 2025 Trusta85 J A Cooling (resigned 27 September 2025) R A Evernden (resigned 10 Octob8r 20251 H M R Finley S Hamilton Iresign8d 1 May 20251 R Hammerton (resigned 12 December 20251 T P Leates (resigned 12 De￿rnber 20251 G M MilBs, Chair (resigned 12 December 20251 A A Moylos D P J Robey (resigned 1 May 20251 K Siwek {resigned 27 September 20251 E Topiwala Iresign8d 10 October 20251 A R Ismael- Mia (resigned 12 Decemb8r 20251 C A Gabbitss lappolnled 10 October 20251 P J Khan (appointed 10 October 20251 E R Lock (appointed 10 October 20251 C E O'Neill (appoinled 10 OGEober 2025) M M Pullinger, Chair (appointed 10 October 20251 E M Russell (appointed 12 December 20251 Dr M Slakelum (appointed 12 December 2025) J H Wright lappoinled 10 October 2025) Company registered number 05464855 Charity registered number 1110639 Reglstered offlce Untts 25 & 26. Creative Enterprise Quarter Javelin Way Ashford Kent TN24 8FN Patron Jools Holland OBE Chief executlve offlcer Peter Bolt￿ Iretir8d April 251 Gerry Stering (appointed April 25} Independent audltors Kreslon Reeves Audit LLP Statutory Auditor Suite 2 Orchard House Orchard Street Canterbury Kent CT2 8AR Page 1

Kent Music IA company limited by guarantee) Trustees. report For the year ended 31 August 2025 The Trustees present their annual report logeth8r with th8 audited financial statements of Kent Music (The Charity) for the yaar &nded 31 August 2025. The annual report serves the purposes of both a Trustees. report and a directors, report under company law. The Trustees confim that the annual report and financial ststemenls of the charitable company comply with the current slalutDry requirements. the requirernellts of the charitable Company's governing document and the provisions ol the Slalemenl of Recommendgd Practice ISORPI applicable to charities Preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland {FRS1021 {effeclive 1 January 20191. Since the Company qualifies as small under section 382 of the Companies Act 2006, the strategic report requlred of medium and large companles under the Companles Act 2006 (strategic Report and Direth. Report} Regulations 2013 has been omitted stru ur8 overnancè and mana emen Constitution Kent Music was in(x)rporaled as a charitable company limited by guarantee on 26 May 2005 and registered as a charity on 29 July 2005. The charity look over the assets and liabilities of Kent Music School on 1 September 2005. Kent Music School was registered as a charity on 20 November 1969. The Charity was created under a memorandum of assoclation which established the objects an4J powern of the charity and is govemed under its articles of association. Methods of appolntment or olection ot Trustees The management of the charity is the responsibility of the trustees who are elecled under the lems In the artides of association. Kent Music is keen to ensure that tho board of trustees includes a broad base of relevant skills and experience. The method adopted for the recwilment and appointment of trustees is that vacancies are advertised. and applications invited. Shortlisted candidates 8re inteNiewed by the chair and one other trustee. Trustees The Trustees w￿) seNed during the year are as follows: JBssicA Cooling (resigned September 20251 Rebecca Evernden (resigned Septembèr 2025) Heulwen Finley Sarah Hamilton (resigned May 20251 Robin Hamrnerton Iresigned December 20251 Timothy Leates (resigned December 2025) Ray Mia (resigned December 20251 Geoffrey Miles, Chair (resigned December 2025) Alicia Moyles David Robey (resigned May 2025) Kyle Siwek Irasigned September 2025) Elizabeth Topiwala (resigned October 20251 Page 2

Kènt Music (A company limit8d by guarantse) Trustees. report Icontinugd) For the year andod 31 August 2025 Chlof Executive Peter Bolton (Resigned April 2025) Gerald Sterling (Appointed April 20251 Senlor Leadership Team Olivia Edwards (Senior Leader, Muslc Hub) Resigned 31st August 2025 Trevor James Isenior Leader, Tuition & Ensembles) Ruth Roberts (Senior Leader. Operations} Retired 28th January 2026 Gennie Joy IS8nior Leader. Music Hub) Appoinl8d 1 November 2025 Felicty Redworth (Senior Leader, Operalonsl Appointed 28th January 2026 Organlsatlonal strucknre and declslon.maklng pollcle8 The Board of trustees of up to 14 members meets foul times a year. A Chief executive Ss appointed by the trustees to manage the day-tO-d8y operations of the charity. There Is an executive committee which 81so acts as the audit committee which meets to support the chief executlve and senior leadership team on matters concemed the daY-l￿daY running of the organisab"on. During the year the Articles of Association were reviewed by the trustees including terms of office for Irustees which were confimed as up lo three terms of three years. iv The objectives of the charity are the promotion of the perfom)ing arts in all their forms, in particular music and for this pU￿oSe tr) provide education, tuition and activities for the benefit of the public generally, particularfy in the county of K8nl and the unitary aulhoiity of Medway. Vision Kent & Medway is where muslc thrfves and muslc18ns floumsh. Mlssion Transform lives with high-quality, inclusive muslc education that responds to need and provides inspirational opportunities for growth and progression. Values Creativity- we champion creativity. nurture imagination and spark inspiration. Achlevement- wè emptsweT people to progress and excel. Inclusion- we open doors, fostering indusivity and 8cce88lbillty. Awareness- w8 r8¢0gnise the impact of our actions and make ethical and inlomied cholces. Joy- we encoura9e fun, seeking enjoyment and opportunities for celebration. Core alms Support schools to create the conditions where music thrives. Provide accessibl8 music education pathways for all children & young people. Empower children & young people to pursue their musical aspirations. DelThier a sustainable business. Page 3

Kent Music IA company limited by guarantee) Trustees. report Icontinuedl For the year ended 31 August 2025 Revlew of Actlvltles Tuition numbers grew steadily over th& course of the year in schools and in our music ￿ntre$, with over 6,500 children and adults receiving instrumental and vocal luilion either in individual lessons, a small group, or in a whole dass sethng. Music centres look place weekly during schwl term time in Ashford, Folkestone. Broadstairs. Gravesend, Maidstone, Rochester, Sevenoaks, and Tonbridge. The numbers of children and adults taking up music centre membefship remained stable. Cantre membership provides access to music centre ensembles,. inslrumentsl & vocal tuition is also available in most centre$. During half term school holidays, we (lelivered a range of short cours&s for children in Ashford. Th8sg indudod slnging days, wind bands, string ensembles, and the Orchestra of New Experiences, an Snclusive onsemble for secondary-aged chlldren who compose and perform music together around a theme. The county youth orchestra, wind orchestra, and county choir rehearsed throughout the year, wrth performances given across Kent. The residential summer school wnlinued to grow and in summer 2025 there were 343 participants on nine courses, induding a new course for pianists. In addition, primary schools from north Kent attended the summer school for a one day "Experience DaK which gave them the opportunity to play in the new Centenary Hall at Benenden School and see other cL)urses taking ￿aCe. Kent & Modway Mu$iG Hub, led by Kent Muslc. In May 2024, Arts Council England appointed Kent Music to lead the new Kent & Medway Music Hub. We began this role in September 2024, working in partnership wth a wide range of organisations, induding schools. Togeth&r. w8 are committed to delivering the ambltions for Muslc Hubs set out in the National Plan for Music Educatlon. Tthe Power of Music lo Change Lives. Over the course of the academic year, Kent Music delivered a wide range of musical activities in schools in Kent and Medway in collaboration wilh Hub partners. Whole class instrumental leaching was provi(Jed to 92 primary schools, and a further 157 schools received funding to buy in provision from other music educatlDn providers. 35 primary schools were supported to run an ensemble, 22 received bespoke currictjlum support and 43 were supported lo provide them access to resources from Sing Up to enable them lo develop singing in their schods. 77 secondary schools were funded during the year= 68 to enable them to provide an 8nsemble,' 9 received bespoke support- 11 accessed Sing Up resources. In addition, the Kent Music provided fundlng support for 12 special schools and 20 infant schools during th8 year. In total 109 ensembles were delivered in stste schools In Kent supporbng by funding from Kent Music on behalf of the hub. sin￿ starting our support for schools in Methay as part of the new Kent & Medway Music Hub in September 2024, 61 schools in Medway received financial support towards musical activities in the academic year 2024- 25. This Kent & Medway Schools Conference in November 2024 brought together more than 150 passionate muwc educators, advocates, and professionals from across the region for a day fvll of inspiration. learning, and connection. The therne of the Conference was 'Creating a Musical Legacy. and sessions explored how we can nurture a.lifelong love of music in our students. how large-scale events can inSPITe and energise chlldren to want more and how we can grow and develop our s¢hoDI music offers to make lasting change. Kent Music provided professional development wurses for classroom teachers as well as tutoring on initial teacher training courses in partnership with Kent Medway Trainers. In total these activities reached 487 classrooffl teachers and Irainee teaGhers. Page 4

Kent Mu$lc IA company Ilmlted by guarantsel Tru$tees' report Icontinuedl For the year ended 31 August 2025 Kent Music is continuing to priorilise °cold spor, areas as part of its future plannir)g, thussing on areas of low engagement. Durfng the year Kent Music undertook research in partnership with Sound Conwctions lo understand the exlenl of the music provision in Gravesham. Kent Muslc also worked in partnership with Kelly Reynolds from Mini Maestros Music to undertake an Earty Years Music pilot proje¢t in t)over whith involved weekly music and refle¢tiOll sessions at two primary sthools to support dassroom teachers with their Eady Years Foundallon Stsge IEYFSI mijsic pmvision. Environmental Sustalnability Kent Music has developed an environmentsl SLtslainability strategy to ensure that funds in Kent Music bank accounts support environmentally sustainable investment.. ensuring that our administrats've base in Ashford is run as sustsinably as possible, this includes investing in renewable energy,. providing access to Cycle lo Work and electric vehide salary sacrifice schem&s and providing advi￿ and support to teachers who work in schty)Is and other venues around the county- Equlty, Dlvèrslty & Inclusion IEDI) Kent Music ernploys a full lime Indusion Manager tiob share) who delivers the organisalion's inclusion strategy. The main prioriltes in the strat8gy are lo.. support chIld￿n & young people in disathiantaged communities in Kent- support music in special schools in Kent,. provide adapted and adaptive instruments for children and young people with SEND., ensure the voice of children & young people is integrated into the organisalion; ensure our workforce is EDI trained anLI our rgcruilment practices support EDI and to reduce the financial barriers to accessing music education. Charylng and r•ml$slons policy Kent Music has a charging and remissions wltcy designed to remove as many batTiers lo music education as posslble. The pollcy covers the following.. Kant Music's tuition f8es aim to recover the hourly rate paid to the teacher, the cost of providing DBS checks, the cost of hiring t8aching venues and a small contribution lo the ovetheads of Kent Music. We run a whole class instrumental teaching programme that provides every chlld In Kent the opportunityto have fr88 instrumental teaching for ona hour per week. We receive subsidy from Kent Cour)ty Council that enables us to provide a netsvork of out of school music centres and county ensembl8s and choirs at a subsidised rate. Other prolects and programmes run by Kent hAusic are provided for a small charge or free. This includes professional development courses for teachers, large scale celebration events for schools. the Kent Music Roadshow and occasional short-temi projects. A finanaal assistsnce scheme funded by part of ihe grant from Arts Council England and other ad hoc grants and legacies supports 75 % of the Cost of luilion fees for children & young people who fall into various categories for slate benefits. During the year 507 children & young people received support from the financial assistance scheme. Page 5

Kent Muslc {A Gompany limlted by guarants•l Trustees. report (Continued) For the year ended 31 August 2025 The organisation has sot itself the followlng prlorlties for the future: Continuing its work in "cold spot areas to bring muslc to chlldren and young people who are currently underserved. Continuing to support school8 throughout Kent & Medway through a programme of funding, specialist consultsncy and professional development. Continuing to providg a luilion service. rnusic celltres throughout the county. county level ensembles and choirs and the annual Kenl Music Summer School. Continuing as the Lead Organisation for the Kent & Medway Music Hub Developing a plan for bringing live professional performances lo children & young people. Development and implemenlalion of a new Singing Strategy Revlew and deve5opmenl of the whole class MusiePlus scheme. Seeking ways to dev8lop income, particularty through individual giving. Financial rèview Golng ¢on¢om The accounts have been prepared on a going concem basis. The trustees have a reasonable expectation lthat the charity has adequate resources to continue in operational exislen¢e for th8 fores88able future. Kent Music have been confirmed a5 the Hub Lead Organisalion until 2030 and funding of £2,695,261 has been awarded lo Kent Music until August 2026 plus a capital grant of £870,116 until August 2026. This signtficant level of restrict&d income ensures the financial stability of tha charity for the foreseeable future. Kent County Council have collfirmed that Ihey wish lo continue lo support Kent MusiG with g grant of £118.000 until March 2027. The unrestricled income has increased to £1,208.12812024: £1,044,518) whilst cash equivalents al 31st August 2025 were £1,442,09812024.' £1,868,537) reinforcing the trustee view that Kent Music is a going ¢x)ncem. Pay Pollcy for Key Management Pèrsonnel Kent Music's pay policy sets out how pay for all staff will be reviewed induding key mallagemeTrt personnel. When senior staff appoinlmellts are made. a benchmarking eXe￿iSe is carried out to establish pay levels. Reserves pollcy The charity has a target level of free reserves of three months, worth of unrestricted expenses this is circa £220,000. We currently have unrestricted reseNes of £2,459,803 12024.. £1,699,856) with general funds of £954,251 {2024.' £1.537.1141- For a detailed breakdown please see page 30. Free reserves are held for the following eventualities.. .To cover a shortfall on the annual budget due to unforeseen expenses. •To allow Kent Music lo explore opportunltles In line with its charitable objectives. In addition, we have an endowment fund of £333,694 resulting from a gwft lo the charity by D Baker and reslrict8d fvnds of £3,280,83712024.. £3,628,762) for a detailed bre8kdown please see page 30. Following the trading surplus achieved in 2024125, the Truslg8s inl8nd to designate a proportion of the charity's reserves in 2026127 to support developm8nl projects aligned with the r￿W Strategic Plan for 202ftr2031. In addition, the Trustees will undertake a review of the charitys Reserves Policy to ensure that il remalns appropriate, robust, and aligned with the organisalion's strategi¢ priorities and risk appetlte. Page 6

Kent Musl¢ (A company limitad by guarant8e} Trustees. report Icontinuedl For the year ended 31 August 2025 Rlsk Management The charity m8intains a rtsk register that sets out the major risks In the following categories.. business interTUPtion,' governan￿ & management,. financial management & r8sSllence,' reputation,. transition to the Music Hub for Kent & Medway. The risk register is updated for each board meeting and the changes since the previous board meeting are brought to the attention of the trustees who discuss and 8gree any aclion that is required. Guarantèes Members of the charity guarantee to contribute an amount not ex￿e￿Ing £1 to the assets of the charitsble company in the event of winding up. The totsl number of such guarantees al 31 August 2025 was 1012024'.111. The trustees have no beneficial interest in the charitable Company. Informatlon on Fund Ralslng activities Kent Music complies with sector best practice. There were no cornplainls in relation to fundraising during th& year and no professional fundraisers or commercial partners conducted fundraising as representative5 of Kent Musi¢. The trustees have been made aware of the Fundraising Regulator's 2019 Code of Fundraising Practice whlch Is applied to all fundraising activities. Page 7

Kènt Musi¢ (A company Ilmlt•d by guarantee) Trustees, roport (continuedl For the year ended 31 August 2025 Statement of Trustees, rèsponslbllltles The Trustees Iwho a￿ also the dir8Ctors of the Company for the purpose5 of company lawl are responsible for preparing the TTUStees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted A￿oUntIng Praclicel. Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees musl not approve the financsal ststgments unl8SS they are satisfied that they give a true and fair view of the State of affairs of the Cornpany and of its incoming resources and application of resources. iriduding ils incoma and expenditure. for that pertod. In preparfng these financial ststements, the Trustees are required lo.. select suitable accountlng policies and then apply them eonsistenlly., observe the methods 8nd principles of the Charities SORP IFRS 102}- make judgments and accounting estimates that ar8 reasonable and prudent., state whether applicable UK A￿Unting Standards IFRS 1021 have been followed, subject to any material departures disdosed and explained in the financial slalem8nts and prepare the finanoal statements on the going concam basis unless it is inappropriate lo presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any lime the financial position of the Company and enable them to ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of Informatlon to auditor Each of the persons who are Trustees at the lime when this Trustees, report is approved has confirmed that.. so far as that Trustee is aware, Ihere is no relevant audit infomiation of which the charity's auditor is unaware, and that Trustee has tsken all the steps that ought to have been taken as a Trustee in order lo be aware of any relevant audit infomation and to establish that the charity's auditor is aware of that infomiation. Auditor The audit registration of Kreston R88ves LLP was trallsfe￿ed lo Kreston Reeves Audit LLP on 6 OcloLer 2025. Kreston Reeves Audit LLP were fomially appointed as auditor trj the tharitable company on 6 October 2025. The auditof, Kreslon Audit Reeves LLP, has indicated willingness to conlinue in office. The designated TrLtstees wll propose a mouon reappointing the auditor at a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. M M Pullinger (Chair of Trustees) Date:13 103 I l 6 Page 8

Kent Music

(A company limited by guarantee)

Independent auditors' report to the Members of Kent Music

Opinion

We have audited the financial statements of Kent Music (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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Kent Music

(A company limited by guarantee)

Independent auditors' report to the Members of Kent Music (continued)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report including the Strategic report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial 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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Kent Music

(A company limited by guarantee)

Independent auditors' report to the Members of Kent Music (continued)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non compliance with laws and regulations related to safeguarding health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees' and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related to management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included:

Page 11

Kent Music

(A company limited by guarantee)

Independent auditors' report to the Members of Kent Music (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kreston Reeves Audit LLP

Samantha Rouse FCCA DChA (Senior statutory auditor)

for and on behalf of Kreston Reeves Audit LLP Statutory Auditor Canterbury

26 May 2026

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Kent Muslc IA company limited by guarantee) Statement of financial actlvltlas (In¢orporatlng In¢ome and expendlture account) For the y•ar &nd8d 31 August 2025 Unrnstricted fund$ 2025 Rèstritted End1￿ment funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Incomo and endowments from: Donations and legacies Charitable aclivilies Investments 22,094 1,126,124 59,910 14.400 2,870,261 36.494 3,996,385 59.910 13,261 4.713,981 46,259 Total Income and endowments 1.208,128 2,884,661 4,092,789 4,773,501 Exp8ndlture on. Charitable activities 866,983 2,745,784 3.612,767 3,225,666 Total expendlturg 866,983 2.745.784 3.612,767 3.225,666 Net ineome Transfers belween funds Net movement in funds bgforo other reco9nlsed gainslllosses) 341,145 138.877 480.022 1.547.835 18 486,802 {486.802> 827,947 {347.9251 480,022 1,547.835 Other recognisgd galnslllosses): Actuarial losses on defined benefit Pension scham8S Not movement in funds 23 168.000) (68,000) 146,000} 759.947 1347.9251 412.022 1.501.835 Raconciliation of funds: Total funds brought forward Nel movement in funds 1.699.856 759.947 3.628.762 {347.9251 333,694 S,662,312 412,022 4,160,477 1,501.835 Tolal funds carrled lorward 2,459.803 3.280.837 333.694 6.074.334 5,662.312 The Statement of financial activities includas 811 gains 8nd losses r8cognised in the year. The notes on pages 17 to 37 form part of these financial statements. Page13

Kent Music (A Gornpany lirnited by guarante•} Rggistored number: 05464855 Balance sheet As at 31 August 2025 2025 2024 Notè Fixed assets Intangible assets Tangible assets 11 12 10.260 2,029.042 10,260 152,482 2,039,302 162.742 Current assèts Debtors Investments Cash at bank and in h8nd 13 14 3.305.474 333,694 1,442,098 3,730,981 333,694 1.868,537 5.081,266 5,933,212 Current Ilabllltles Creditors.. amounls falling due within one 15 (495,487) (413,6421 Net current assets 4,585,779 5,519,570 T¢)tal assets1gs$ currgnt liabiliti8S 6,625,081 5,682.312 Creditors= amounts falling due after more than one year Provisions for liabilities Net assets excludlng penslon liability I asset 16 1496.7471 {20,1)001 {20,000} 6,108,334 5.662,312 D8fin8d b6nefit pension stheme liability I asset 23 134.000) Total net assets 6,074.334 5,662.312 Charlty funds Endowment funds Restricted funds Unrestricted funds Unfestrided funds exduding pension asset Pension reserve 18 18 333,694 3.280.837 333.694 3,628,762 18 18 2A93.803 134.000) 1,699,856 Totsl unrestricted ftjnds 18 2,459.803 1,699,856 Total funds 6.074.334 5,662,312 The Trustees acknowledge their re5ponsibililies for complying with Ihe requirements of the Act wth respect to accounting records and preparation of financial slatemenls. Page 14

Kont Music (A company limited by guarantoo) Reglstered number. 05464855 8alance sheet (contlnuod) As at 31 August 2025 The financial sl8tementS W8rg approved and aulhorised for issue by the Trustees and signed on their behalf by: han Dale.. The notes on pages 17 to 37 fom part of these financial statements. P8ge 15

Kent Music (A company limitad by guarantee) Statement of cash flows For the year endod 31 August 2025 2025 2024 Cash flows from oporatlng activities Net cash used In operatlng aclivitSes 1.465,539 239,315 Cash flows from Investing activities Dividends, int8rests and rents from investments Proceeds frorn the sale of tangibl8 fixed assets Purchase of intangible assets Purchas& of tangitAe fixed assets 28,910 46,259 2,000 110,2601 164,7521 (1.920.888) Nèt cash used In Investlng actlvltles 11.891,9781 126,753) Cash flows from flnanclng activities Net cash provided by financing activitios Change in Cash and cash èqulvalents In the year Cash and cash equivalents al the beginning of the year (426.4391 1,868,537 212.562 1.655.975 Cash and cash equivalents at the end of the year 1,442,098 1,868,537 The notes on pages 17 to 37 form part of these finan¢ial slalements P8ge 16

Kent Musl¢ (A company Ilmlted by guarantsel Notes to the flnanclal slatements For the year ended 31 August 2025 General information The prrnGipal activity of the entity during the year was the Provision of music education. The chaiity is a charitable company limsted by guarantee which Is incorporated and reglstered In England and Wales105464855). The address of the Registered office is: Units 25 & 26, Creative Enterprise Quarter. Javelin Way, Ashford, TN24 8FN AGGourrting policies 2.1 Basis of preparatlon of flnanclal statements The financial statements have been prepared in accordanGe with the Charities SORP IFRS 1021- Accounling and Reporting by Charities.. Statement of Recommended Practice applicabl8 to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecb've 1 January 20191, th8 Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Kent Music meets the definltion of a publle benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwis& stated in the rel8vant accounting policy. The charities functional and presentatv)nal currency is Pounds Sterling. The financial statements are rounded to the nearest Pound. 22 Company status The company is a company limited by guarantee. The members of the company are the Trustges named on page 3. In the event of the company being wound up, th8 liability in r8SPgCt of the guarantee is limited to £1 per member of the company. 13 Golng con¢em The accounts have been prepared on a going concern basis. The trustees have a reasonable expectation that the charity has adequat8 r8sources to continue in operational existence for the foreseeable future. Kent MusiG hav8 been confirmed as the Hub Lead Organlsallon until 2030 and fundlng of £2,695,261 has been awarded to Kent Music until August 25 plus a capitsl grant of £870,116 until August 26. This signtricant level of restricted income ensures the financial stsbility of the charity for the foreseeable future. Kent County Council have ￿nfirnied that they wsh lo continue to support Kent Music with a grant of £175,000 until March 2025 which allows us lo invest in the coijnty music pmgramme. The unrestricted income has increased to £1,208.128 {2024: £1.044,518) plus cash equivalents as al 37sl August 2025 was £1,442,098 12024= £1,868,537) reinforcing that Kent Music is a going COn￿rn. Page 17

Kent Music {A company limited by guarantee} Notes to the flnancial statements For th• year ended 31 August 2025 Accounting policies (contlnuod) 2.4 In¢orne l income is recognised once the Company has entitlement to the income, it is probable that the Income will be received and the amount of income receivable can be measured reliably. Grants are induded in the Statement of financial activwties on a recewable basis. The balan￿ of income received for specific purposes but not expended during the period is shown in the Televanl funds on the Balan￿ sheet. Where income is re￿iVed in advance of entillemenl of re￿ipl. Ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is re(Eived, the income is accrued. Income tax recoverable in relation to investment income is recognised al the time the investment income is receivable. Teaching income 15 recognised in the period in which it is receivable and to the extent the lessons have been provided or on completion of the service. For legades. entluement Is taken as the eartier of the date on which eSther= the company is aware that probale has been granted, the estste has been finalised and notification has been made by the execLrtOTls} to the Charity that a distribution will be made, or when a distribution is re￿iVed from the estste. 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 notified of the executovs intention to make a dlslribulion. whe￿ legaGies have been notified to the ¢omp¥ny, or the company is aware of the granting of probate. and the criteria for Income recognition have not been met. then the legacy is treated as a Gonlingenl asset and disclosed if material. 2.5 Expenditure Expenditure is Tècognised once there is a legal or constructN8 obligation to transfer economic beneflt lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lotsl of direct costs and shared costs, including support Costs involved in undertaking &ach activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime sperrt, and depreciation charges allocated on the portion of the 8sset's use. Expenditure on charitable activities is incurred on directty undertaking the adivities which further the Companls objectives, as well as any associated support costs. Charilable aclivilies and Governance costs are costs incurred on the company's 0￿ratIonS. including support costs and ¢￿ts relallng to the governance of the company apportloned to charftable activities. Al expenditure is inclusive of irrecoverable VAT. Page 18

Kent Muslc (A company limit8d by guarantsg) Noto$ to the flnanclal statements For the year ended 31 August 2025 Accourrting pollclas (Gontinuedl 2.6 Intanglble assets and amortlsatlon Intangible assets costing £NIL or mor8 ara capitalise(J and rec4)gnised when future ewnomi benefits are probable, and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After recognltlon. under the cost model. Intangible assets are measured at cost less any accumulated amortisation and any a¢¢umulated Impalrment losses. Amortisation is provided on intangible assets 8t rates calculaled to write off the cost of each asset on a slraight-line basis over its expected useful life. Amortisalion is provided on the following basis.. Website Development and Design 20 OA straight IiT7e 2.7 Tanglble flxed assets and depreciation Tangible fixed assets costing £1.000 or more are capitalised and recognised when future eci)nomic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initlally ￿CogniSed at eost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. Al incurred to bring a tangible fixed asset into ils intended worlong condition should be included in the measurement of cost. Al each reporting date the Company assesses whether there is any Indication of impairment If such indication exists, the recoverable amount of the asset is determined to be the higher of ils fair value less costs lo sell and its value in use. An Impalmionl loss is recognised where the carying amount exceeds the recoverable amount. Depreciation is chargod so a8 to allocate the cost of tangible fixed assets I￿ their residual value over thelr estimated useful lives, using the slraighl-line method. Depreciation is provided on the following bases.. Long-tarm leasehold propety Fixtures and fittings Instruments 2.5 0/0 Straight line 25.kn straight lin8 33Yo straight line 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued 81 the amount prepaid net of ary trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes ￿$h and short-lem) highly liquid investmènts with a short maturity of three months or 18ss from the date of acquisition or opening of the deposit or similar account. P8ge 19

Kent Musi {A ¢ompany Ilmlted by guarante8} Notes to the financial statements For tho year ended 31 August 2025 Accountlng pollcles (contlnuod) 2.10 Investments Fixed asset investments 8re 8 fom of financial instrument and are initially re¢ognised at their transaction cost and subsequently measured al fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investrnenl gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of financial actlvities. Current asset investments indudes cash or other short lemi liquid investments with a short rnalurity of more than three monlhs but less than 12 months from date of oCqUiSition or opening of the deposit or similar account. 2.11 Liabllltles Llabllilies and provislons are recognis8d when there is an obligation at the Balance sheet date as a result of a past event, il is probable that a transfer of economie benefit will be required in settlement, and th& amount of th8 s8tUement can be estimated reliably. L18bililles are recognised at the amount that thè Company anticipates il will pay to settle the debt or the amount it has recelved as advanced payments for the goods or services il must provide. Provisions are measured at the best eslimale of the amounts required lo setlle the obligation. Where the effect of the time value of money is material, the provision is based on the presenl value of those amounts. discounted at the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of tha discount is recognised in the Statement of financial activities as a flnance cost. 2.12 Financial instruments The Company only has financS81 assets and financial liabilities of a kind that qualfy as basic financial inslrumenls. Basic financial instnjmenls are initially recx)gnised al Irdnsaclion value and subsequently measured al their settlement value wilh the exception of loans which are subsequently measured al amortised cost using the effectlvg interest method. 2.13 Oporating leases Rentals paid undèr opèrating leases are charged to the Statement of financial 8clivitigs on a straight-line basis over the lease terrn. 2.14 Pensions The Company operates a defined contribution pension schgme and the pension charge represents the amounts payable by the Company to the fund in respect of the year. The Company operates a defined benefits pension scheme and the pension charge is based on a full actuarial valuation dated 31 March 2022 and updated to Ihe 31st August 2025. Page 20

Kent Musl¢ (A company Ilmlted by guarantsa) Notes to the flnanclal statemen1$ For the y$ar ondod 31 August 2025 Accounting policies (continuod) 115 Fund accountlng General funds are unw8tricted funds which are availab18 for us8 at the discretion of the Trustses in furtherance of the general objactives of the Company and which have not been designated for other purpgses. Designated funds compris8 unrestricted funds that have been set aside by the Trustees for partlcular purposes. The aim and use of each designated fund is set out in the note5 to the financial statements. Restricted funds are fijnds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the speThflc fvnd. The aim and use of each restricted fund is sel out in the notes to the financial stat8ments. Investment incorne, gains and losses are allocateé to the appropriate fund. Crltlcal accountlng estimates and areas of Judgment Estimates and judgments are continualty evaluated and are based on historical experience and other factors, In¢ludSng expectations of future events that are believed to be reasonable under the circumstsnctss. Critical accounting estimates and assumptions= The Company mak8s estimates and assumptions conceming the future. The resulting accounting estimates and assumptions will, by definition. seldom equal the related actual results. The gstimales and assumptions that have a significant risk of causing a material adjusth)ent lo the carrying amounts of 8ssels and liabilities within the next financlal year are discussed below. 1) The present value of the Local Government Pension Scheme defined benefit fund depends on a umber of factors that are determined on an actuarial basis using a variety of assumptions. The Assurnplions used in delermlning the net cost lincomel for pensions indude the discount rate. Any changes in these assumptions, which are disdosed in note 23, wlll Smpact the carrylng amount of the pension furmj. Furthemior8 a roll fO￿ard approach whith projects results from the latest full actuarial valuation perfomied al 31 March 2022 has been used by the actijary in valuing the pensions fund al 31 August 2025. Any differ8nc8s b&fv4een the figures derived from the roll forward approach and a full actuarial valuatlon would impact on the carrying amount of the pension fund. The liability has also been calculatsd uslng mort811ty rates used by the UK govemment. The plan liability for unfunded obligations as 81 31 August 2025 was £34.000 with an unrecognised surplus of £849.000 (2024.. £629,000). A penslon plan asset is recognised to the extent that the charity is able to r8cover the surplus either through reduced contributions in the future or through refunds from the plan. In the opinion of the trustees, tha charily will not recover the surplus through redU￿d contributions and they do not anticipate receiving any refunds from the plan and therefore the n&t surp.lus recognise within the financial statements has been restricted to £NIL. Page 21

Kont Muslc (A company Ilmfted by guaranto•1 Notes to the financial Statements For the yoar onded 31 August 2025 Income from donatlons and lagacigs Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donatlons 22,094 14,400 36.494 13,261 Income from Charltable actlvltles Unrestrlcted Restrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Tuition fges Kent County Council Instruments hire foes cOn￿rt fee5 and admission charges Other income Grants 997.808 997.808 175,000 119,659 3.067 5,590 2,695,261 916,035 175,000 88,342 2,788 12,878 3,518,938 175,OCK) 119,659 3,067 5.590 2,695,261 1,126,124 2,870,261 3,996.385 4,713.981 Total 2024 1,020,043 3,693,938 4,713,981 Investment income Unrestrictsd funds 2025 Total funds 2025 Tolal funds 2024 Investment income 28,910 31,000 28.910 31,000 46,259 Pension income 59,910 59.910 46,259 Page 22

Kent Music (A company limited by guarantsa} Not￿ to tho flnanclal statements For the year ended 31 August 2025 Analysis <rf expenditure by adMtIgS Actlvitle8 undertaken directly 2025 Tolal funds 2025 Total fvnds 2024 Charitable activities 3.612.767 3,612,767 3,225.666 Total 2024 3,225,666 3,225,666 Analysis of direct Costs Total funds 2025 Total funds 2024 Actlvltles 2025 Stsff costs Depreciation (ProfitllLoss on disposal of fixed assets Life insurance Trustees, Indemnity Insurance Pension finance costs Operating lease Professional fees Travel expenses Bursaries- R8stricted Instrument cost- Restricted School funding - Restricted Accommodation, computer and office costs Stsff training and recruitment Other costs 2,179,823 44.327 2.179.823 44,327 2,003,014 33,513 201 5,795 1,097 6,600 7,349 76,581 41,575 160,253 31,959 303,509 307.966 43,457 202,797 7,376 51.056 16,872 162,539 7.376 51,056 16.872 162.539 538.886 314,360 43,833 253.695 538,886 314,360 43,833 253,695 3,612,767 3.612,767 3,225,666 Total 2024 3,225,666 3.225,666 Page 23

Kent Muslc IA company Ilmlted by guarantsel Notos to the flnancial statement5 For tho yoar ended 31 August 202S Auditors. remuneratlon 2025 2024 Fees payable to the Company's auditor for the audit of the Company's annual accounts 15,315 14,450 2025 2024 Vvages and salaries Social security costs Contribution to defined contribution pension schemes 1.961.570 170.896 47,357 1,821,675 133,421 47,918 2,179.823 2,003,014 The average number of persons employe(5 by the Company during the year was as follows: 2025 2024 Teachers Administratign 87 90 36 43 130 126 The number of employees whose employe8 beneffts {excluding employer pens￿￿ c05ts} exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001- £70,000 In the band £90,001-£100,000 The senior management team comprised the Chief Executive. senior leader music hub. senior leader tuition & ensembles and senior leader operations. The total remuneration of key management personnel In the year was £247,244 12024 £253,947). Total remuneration indudes gross pay, employer national Insurance and employer penslon costs. 10. Trusteas. ramuneration and •xpgns•s Durfng the year, no Trusl6es received any remuneratlon or other beneflls12D24 - £NILI. During the year ended 31 August 2025, expenses tolalling £113 was reimbursed or paid direclty lo 1 Trustee for travel expenses12024 - £1351. P8ge 24

Kènt Music (A Company limitèd by guarantee) Notes to thè flnancial ststements For th? year endgd 31 August 2025 11. Intangible assets AUC Webslte Davglopment and Design Cost At 1 September 2024 10,260 At 31 August 2025 10.260 Net book value At 31 August 2025 10,260 At 31 August 2024 10,260 12. Tanglble fixed assets Long.temi Assets lèasehold under Fixturgs and proporty constructlon fittings Instruments Total Cost or valuatlon At 1 September 2024 Additions Transfers b8tsv8en dasses 5.000 248.765 613.659 486,802 867.424 1,920,888 1.434.086 5.000 (5.000) At 31 August 2025 1,439,086 248.765 1,100.461 2.788.312 Depraciation At 1 Sept&mber 2024 Charge for the year 143.988 12,100 570.954 32,228 714,942 44.328 At 31 Augus12025 156.088 603.182 759,270 Net book valu8 At 31 August 2025 1.439.086 92,677 497,279 2,029,042 At 31 August 2024 5,000 104,777 42,705 152,482 Page 25

Kent Music IA company limitod by guarantee) Not8s to the financial statements For the yoar andad 31 August 2025 13. Debtors 2025 2024 Due wlthln onè year Trade debtors Prepayments and accrued income 47,383 3.258.091 51,742 3,679,239 3,305,474 3,730,981 1& Curront asset Investments 2025 2024 Unlisted investments 333,694 333,694 15. Creditors: Amounts falling due within one year 2025 2024 Loans 3.003 201.440 44.506 15.821 60,233 170,484 Trade creditors 49,221 38,808 25,808 85,954 213,851 other taxation and social security other creditors Accruals Defeired income 495.487 413,642 Al Ihg balanc8 sheet dale the Charity held funds received in advance of the 2025126 financial year in respect of tuition fe8s. 2025 2024 Deferred income at 1 September 2024 Resources deferred during the ye8r Amounts released fmm previous periods 213,851 191,525 170,484 213,851 {213.851) {191,525} 170,484 213,851 Page 26

Kent Mu$lc IA company Ilmltod by guarantse) Notes to tho flnanclal slatsments For the year ended 31 August 2025 16. Craditors: Amounts falling dug after more than one year 2025 2024 Loans 496,747 The aggregate amount of liabilitles payable or repayable wholly or in part more than five years after the reporting dale is-. 2025 2024 Payable or repayable by inslalmenls 482,724 482,724 In 2022 Kent Music entered into an agreement for the purchase of the virtual freehold {999-year lease) of two units located in Javglin Way. Ashford. The purchase was made from Kent County Council al the agreed purchase price of £1,400,000. The funding of this purchase was made via Capital and a loan of £500,000 from Ashford Borough Council. The loan period is 40 years with the interest ratè of 6.29% and tsm) under conslderab'on. Thé contract was signed on 3 July 2025. 17. Provlslons Dllapidatlon provision At 1 September 2024 20,000 20.000 Page 27

Kent Musi {A company Ilmltad by guarantee) Notes to the flnancial statements For the year ended 31 August 2025 18. Staternent ol funds statftmgnt of fund$ - Gurrent year Balance at 1 September 2024 Balance at Gainsl 31 August {Losses} 2025 Transfers inlout Income Expendlture Unrestricted funds Dgsignatod funds FSxed Asset Fund Associated Borrowings for Flxed Assets Assets under Construction- Intsngible 152A82 (44,3271 1,920,887 2,029,042 {499.7501 (499,7501 10,260 10,260 162.742 (44,3271 1.421.137 1.539.552 Gènèral funds General Funds- all funds Pension reserve 1.537.114 1.177.128 31,000 1825,6561 (934.3351 3,000 954,251 (34,000) 168,000) 1.537,114 1,208.128 (822,656) (934.335) 168,000) 920,251 Total Unrestrlctsd funds 1,699,856 1,208,128 1866,983) 486.802 {68,000} 2.459.803 Endowment funds Endowment Fund 333,694 333.694 Restricted funds lil KYWO Instrument fund lill Bursary fund livl Youth Music Iv} Arts Council England 6.015 43,921 10,724 6,015 30.167 10.724 113,754) 3.518.938 2.695,261 {2,542,630) {486,8021 Page 28 3,184,767

Kont Music {A company Ilmltod by guarantoel Notes to the flnanelal 8tattments For the year 8nd8d 31 August 2025 18. statament of funds {continuad) SLitemont of funds - currènt yèar {continuodl Balance at 1 September 2024 Balance at Gainsl 31 August (Losses) 2025 Transfers Inlout Income Expendlture Ivi} D A Baker Endowment Iviil Kent County Councsl 4,982 14,400 114,4001 4.982 44.182 175,000 1175,0001 44,182 3,628,762 2,884,661 (2,745.7841 1486.8021 3.280.837 Total of funds 5,662.312 4.092,789 (3.612.767) (68.000) 6,074.334 P8ge 29

Kent Musi¢ IA company Ilmlted by guarantaol Notes to tho flnanclal statements For the year ended 31 August 2025 18. Statomgnt of funds Icontinuedl Statement of funds - prior year Balance at 1 September 2023 BalanGe al 31 Augusl 2024 Transfgrs inlout Gainsl {Losses} Income Expenditur8 Unre$trictod lund$ Deslgnatgd funds Fixed Asset Fund Asset under C4)nstruction Intangible Fixed asset 123,444 {33,5131 62,551 152,482 10,260 10,260 123,444 (33.5131 72,811 162,742 General funds General Funds- all funds 1,433,239 1,044,518 (821,8321 172,8111 146,0001 1,537,114 Total Unr8strlctsd funds 1.556.683 1,044.518 (855.3451 146,0001 1.699.856 Endowment funds EndowTnent Fund 333,694 333,694 Restricted funds {11 KYWO Instrument fund (ill Bursary fijnd {iii) Kent Youth Chair IKYC} {iv} Youth Music {vl Arts Council England {vll D A Baker Endowment 6,015 33,702 6.015 43.921 13.261 13.0421 3,078 10,724 13,0781 10,724 2,197.399 3,518,938 12,197,399) 3,518,938 16,784 (11,8021 4,982 Page 30

Kgnt Music IA ¢ompany Ilmlted by guarantee) Noles to the flnancial statements For the year ended 31 August 2025 18. statgrnènt of funds {continu•d) Statement of funds - prior yèar l¢ontinued) Balance al 1 September 2023 Balgnce at 31 August 2024 Transfers inloLtI G8insl (Losses) Income Expenditure Ivlll Kent County Council Iviiil Royal Opera House 19.182 175.000 {150,0001 44,182 5,000 15,0001 2,270,100 3,728,983 {2,370,321) 3.628,762 Total of funds 4,160.477 4,773.501 (3,225,666) (46,000} 5.662.312 Page 31

Kont Musi IA Company Ilmlted by guaTanteel Notos to the financial statements For tha yaar ondgd 31 August 2025 18. Statement of funds (Continued) Purpose of restricted funds {l.l The Kent Yovth Wind OrGhestra instrument fund relates to funds received for the benefit of the Kent YoLrth Wind Orchestra. {ii.l The bursary fvnd relates to income received specially to assist students with the cost bjlllon fees. {iii.IThe Kent Youth Choir fund is a donation received from Medway Opera whgn it ¢10sgd and relates to the unspent balance of monles recelved. {iv.IYouth Music is the unspent balance of funds re￿iVed from the National Foundation for Youth Music for the completion of a project. Iv.) The Arts Council Eng18nd fund is funding from Arts Council England to deliver the core an extension foles of the music education hub for Kent. Ivi.)The DA Baker endowment fund is a fund left lo Kent Music lo support music tuition for children in West Kent. The figures in Unrestricted Funds relate to the annual income and expendtiure deriv from the interest e8med on the capltsl sum. Ivii.Fent County Coun￿1 grant runs from 1 April to 31 March and is to support out of school provision including orchestras, ensembles and the summer school. Iviii.Poyal Opera House provided a gmnl to support music education in Isle of Sheppey which was fvlly utilised in the year. In the prior year there was a change in the timing of the grant r8c8ivable from the Arts Council England which brought the funding in line with the academic year. Previously grant income was confirmed as at 1 April for the 12 month period and was recognised in full at that date. Costs are considered to be Incurred evenly over the term of the grant which was previously 1 April to 31 March. The prior year rigures historfcally included 7 months of income which was to be used from September lo March in line with the grant temi. A5 at 31 August 2025 there Is a balance of £3,518,938 which recognises the entlre revenue grant for the increased area of Kent and Medway and the newly awarded capital grant confimied in accordance with the accounting policy. bul tskes into account no ox)sts a8 the entire amount relates lo the post year end period. Purposg of dosignated funds The designated fixed asset fund represents the value of funds invested in fixed assets which are not, by the nature of fixed assets, re8dily available for other purposes. The designated asset fund represents the long term leasehold property and other assets and associated ts)rrowng8. the value of fixed assets purchases induding depre￿ation lo the balanc8 sh￿t date. Page 32

K•nt Music {A company limited by guarantso) Notes to the flnanclal $taternents For th8 year ended 31 August 2025 19. Analys1$ of net assets between funds Analysls of net assets between fvnd$- ¢urrent yoar Unrestricted funds 2025 Restricted Endowment fund$ funds 2025 2025 Total funds 2025 Tanglble fixed assets Intangible fixed a58ets Cuffont assgts Creditors due within one year Creditors due in more than one year Provisions for liabilities and charges 2,029,042 10,260 1,466.735 1495.4871 1496,7471 154,0001 2.029.042 10,260 5.081.266 (495.487) (496,747} {54,000} 3.280.837 333,694 Total 2.459.803 3.280.837 333,694 6.074.334 Analysls of net assets between funds - prior year Unrestricted fijnds 2024 Restricted Endowment funds funds 2024 2024 Total lunés 2Q24 Tangible fixed assets Intangible fixed assets Current assets Creditors due within one year Provisions for liabilities and charges 152.482 10.260 1,970,756 {413.6421 {20.000) 152,482 10,260 5.933,212 1413,642} {20,000} 3,628.762 333,694 Total 1.699,856 3,628,762 333,694 5,662,312 Page 33

Kent Music {A company limited by guarantee) Notes to the financial statements For tha year 8nd8d 31 August 2025 20. Reconclllatlon of net movement In funds to net cash flow from operating activitlgs 2025 2024 Net Income for the year {as per Statement of Flnanclal Activities) 480.022 1,547,835 Adjustments for: Depreciation charges Actuarial gains Dividends. interests and rents from investments Loss on the sale of fixed assets Decreasellincreasel in debtors Increaselldecreasel in creditors 44.328 134.000) 128.910) 33,513 {46.000) {46,259) 201 425.507 (1,248,979) 578.592 1996) Ngt ¢ash provldgd by oparating activitles 1.465.539 239,315 21. Analysls of ￿$h and cash equlvalents 2025 2024 Cash in hand 1.442,098 1.868,537 Totsl cash and cash equlvalents 1,442,098 1.868.537 22. Analysis of changes in not debt At1 Septembar 2024 Cash flow# At31 August 2025 Cash at bank and In hand Debt due within 1 year Debt due after 1 year Liquid investments 1,868,537 1426,439) 1,442,098 (3.003) 13.0031 1496,7471 {496,7471 333,694 333.694 2.202.231 1926.189) 1.276,042 Page 34

Kent Muslc (A company Ilmtted by guarantee) Notès to thè flnanclal statements For the year ondgd 31 August 2025 23. Ponslon commitments The Company operates a defined benefit pension scheme. Th8 assets of th8 scheme are held separately from those of the company in an independently administered fund. The pension charge repregents contributions payable by the ￿MpanY to the defined contribution pension scheme and amounted to £47.53712024.. £47.9181 as shown in note 9. These wera payable to the fund at the balance sheet date and are included in creditors. The Charity also operates a defined benerrt pension sch8me which Is ch)sed to new ￿￿mberS. The pension charge is based on a full actuarial valuation dated 31 March 2022, and updated to Ihe 315t AugL¢sI 2D25. The plan liability for unfunded obligations as at 31 August 2025 was £34,000 and an unrecognised surplus of £849,00012024= £629,000). A pension plan asset is recognised to the extent that the charity is able lo recover the surplus either through redU￿d contributions in the future or through roftjnds from the plan. In the opinion of the trustees, the charity will not recover the surplus through reduced contributions and they do not anticipate receiving any refunds from th8 tdan and therefore the net surplus recognised within the financial statements has been restricted lo £NIL. Principal actuarial assumptions at the Balance sheet date {expressed 88 weighted averages).. At31 August At 31 August 2025 2024 Discount rate Future salary increases Future pension increases Proportion of employees opting for eady retirement Annual increase in healthcare costs 70 4.95 3.80 2.80 3.25 2.80 2.95 2.40 At31 August At 31 August 2025 2024 Years Ygars Mortalty rates lin years) - for a male aged 65 now - al 65 for a male aged 45 now - for a female aged 65 r￿W - at 65 for a female aged 45 now 21.4 23.0 217 2&4 20.7 22.0 23.3 24.7 Page 35

Kent Muslc {A ¢omp8ny limit•d by guorantsal Notes to the flnan¢lal ststsmgnts For the year ended 31 August 2025 23. Pension Commitments (continued) The Companvs share of the assets in the scheme was.. At31 August AI 31 August 2025 2024 Equities Gills other bonds Property Cash and other liquid assets Absolute return fund Infraslruclure 1,402.000 124.000 338.000 186.000 66.000 117,000 109,000 1.323.O¢X) 162,0(K) 337,OlY) 214,0(M) 56,0 117,OLK) 108.0(K) Total fair value of assets 2.342.000 2,317,000 The actual return on scheme assets was £158.00012024 - £168.0001. The amounts recognised In the Statement of financial activities are as follows.. 2025 2024 Interest income Interest cost Administratlve expenses 1111,0001 1119.0001 80,000 87.000 2,000 2,000 Total amount roGognl8od In the Statement of financlal actlvltles {29,0001 130.0001 Movements in the present valu8 of the defined benefit obligation were as follows: 2025 2024 Opening defined benefit obligation Interest cost Actuarial Igainslnosses 8enèfits paid Unfunded pension payments Non recognised unfunded obligations 1.688,000 1,664.000 80,000 87.000 1139,000) 95,000 1131.000) {115,000} (5.000) 15.000} {38,000} Closlng deflned bèneflt obligation 1,493.000 1,688,000 Page 36

Kgnt Musl {A company IlmStgd by guarantse) Notes to the flnanclal statements For the year ended 31 August 2025 Pgnslon Gommltments Icontinued) Movements in the fair value of the Company's share of scheme assets were as follows= 2025 2024 Opening fair value of scheme assets Expected retums on assets Actuarial gains Contributions by employer Benefits paid Administrative expenses Unrecognised of pension SUTpIus 2.317,000 2.255.000 111,01)0 49,000 47,01)0 16,000 5,000 119,000 (136,000) {120,000> 12,000) 12,000} (883,000) (629,000} Closing fair value of scheme assets 1.459,000 1,688,000 The Company has an unrecognised surplus of £849,000 and an overall liability for unfunded obligations of £34,000 {2024 - £629,000) in respect of its defined benefit pension scheme as il does not expect to recover the plan surplus either through redU￿d contributions in the future or through refunds from the klan. 2& Oporatlng lease ¢ornmltments At 31 August 2025 the Company had commltments to make future minimum lease payments under non an￿lIable operating leases as follows.. 2025 2024 Not later than 1 year Later than l year and not later than 5 years 8.032 6,690 10,584 14,722 14.722 25,306 25. Rolated party tran$actlon$ There have been no related party transactions in the year under review. Page 37