REGISTERED CHARITY NUMBER: 1120716 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR BLACKPOOL MUSIC SCHOOL Rushtons Chartered Accountants Avroe House Avroe Crescent Blackpool Business Park Blackpool Lancashire FY4 2DP
BLACKPOOL MUSIC SCHOOL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examlnerfs Report Statement of Flnanclal Actlvlties Balance Sheet Notes to the Flnanclal Statements 7 to 11 Detsiled Statement of Financial Activities 12 to 13
BLACKPOOL MUSIC SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To advance the musical education of the public at large. Serving all the community of all ages and abilities. BMS provides lessons, group classes, project work and student performances. ACHIEVEMENTS AND PERFORMANCE Charitable activities We have continued the Helping the Community with Music project funded by the National Lottery providing music and a meal for the local community and work for local musicians. This continues to be a very popular with the local community and we potentially could increase the amount of people benefitting with a bigger venue but for the time being we have the funding from the National Lottery until the current grant ends in July 2026. Due to increased social media content, we have had an increase from people regarding lessons from parents schooling their children at home and from those with anxiety, autism and other conditions asking for lessons. Beaverbrooks Charitable trust and the staff from Beaverbrooks have raised and donated money for the school by doing events with us. a marathon run and helping us with various things around the school by donating their staff s time. They have been wonderful and we thank them for all their help. GlasdonlDJ Sidebottom grant was used for 20 students to access RSL online learning and to enable grading for children with socio-economic issues or learning issues. This was achieved with students taking grades debut - grade 5 exams and we thank them for their contribution. FINANCIAL REVIEVV Reserves policy The trustees aim to keep the reserrfes of the charity sufficient to cover six months of resource. The charity currently operates with minimal reserves, with no specific investments other than bank accounts. The trustees will try to increase the level of reserves. It will also, through advertising, social media, increase students into the school. The charity nonnally has an annual Variety Show fund raiser in winter term. Page 1
BLACKPOOL MUSIC SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FUTURE PLANS We would like to revisit the Breathe Easy project as the Covid pandemic meant we were unable to complete the project fully. The aim is to encourage those with breathing issues (COPD, Asthma etc). to use the aerophone go instruments. learning saxophone but helping control breathing therefore making their condition improve. We need a nursel doctor to monitor improvements in breathing and lung capacity that the students make. We will continue with Helping the Community with Music by applying for another grant as this has proved a very popular project and is full each week. Local entertainers and the community benefit from this. We will be looking to provide one off workshop daysl music lessons for topics such as stage presen, restringing guitars, Confiden building etc. these will be aimed for the students and the wider community that have an interest in these subjects. We aim to increase the student intake and also ensure students have the opportunity to take part in community events. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Blackpool Music School was constituted by a Declaration of Trusl dated 11th July 2007. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1120716 Principal address 420 Waterloo Road Blackpool Lancashire FY4 4BL Trustees JTShaw B Clemson (resigned 30.11.25) J Herkowyi (resigned 31.10.25) E Christiano P G Smith R Ramsey N Breakell (resigned 31.10.25) J Mcalpine (resigned 31.10.25) Griffiths K Cruden (resigned 30.9.25) N P Whiteside Independent Examiner Rushtons Chartered Accountants Avroe House Avroe Crescent Blackpool Business Park Blackpool Lancashire FY4 2DP Page 2
BLACKPOOL MUSIC SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Approved by order of the board of trustees on behalf by: and signed on its Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACKPOOL MUSIC SCHOOL Independent examiner's report to the trustees of Blackpool Music School I report to the charity trustees on my examination of the accounts of Blackpool Music School (the Trust) for the year ended 31 March 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounls in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examinalion I have followed all applicable Directions given by the Charity Commission under Section 145(5Xb) of the Act. Independent examlnerfs statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C Calvert Rushtons Chartered Accountants Avroe House Avroe Crescent Blackpool Business Park Blackpool Lancashire FY4 2DP Date.. Page 4
BLACKPOOL MUSIC SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 8.920 42,576 51,496 15,092 Other trading activities 65,060 65,060 55,403 Total 73,980 42,576 116,556 70,495 EXPENDITURE ON Raising funds 83,637 19,856 103,493 71.541 Other 9,231 1,769 11,000 7,596 Total 92,868 21,625 114.493 79,137 NET INCOMEI(EXPENDITURE} (18,888) 20,951 2,063 (8,642) RECONCILIATION OF FUNDS Total funds brought forward 17,414 2,841 20,255 28,897 TOTAL FUNDS CARRIED FORWARD (1,474) 23,792 22,318 20,255 The notes fomi part of these financial statements Page 5
BLACKPOOL MUSIC SCHOOL BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 6.219 6,219 9,247 CURRENT ASSETS Debtors Cash at bank and in hand 8,923 11.753 (6,650) 30,923 2,273 42,676 9,797 2,723 20,676 24,273 44,949 12,520 CREDITORS Amounts falling due within one year (28,369) (481) {28,850) (1.512) NET CURRENT ASSETSI(LIABILITIES) (7,693) 23.792 16,099 11,008 TOTAL ASSETS LESS CURRENT LIABILITIES (1,474) 23,792 22.318 20,255 NET ASSETS (1.474) 23,792 22,318 20,255 FUNDS Unrestricted funds Restricted funds 10 (1,474) 23,792 17,414 2,841 TOTAL FUNDS 22,318 20,255 The finan ial s tements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: 7£ aw - Trustee E Christiano - Trustee The notes fonn part of these financial slatements Page 6
BLACKPOOL MUSIC SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. All monetary values in the accounts are presented in Sterling and all amounts are rounded to the nearest pound. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery 25 /0 on reducing balance Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 7 continued...
BLACKPOOL MUSIC SCHOOL NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING ACTIVITIES 2025 2024 Fundraising events Student fees 445 64,615 456 54,947 65,060 55,403 RAISING FUNDS Raising donations and legacies 2025 2024 Support cosls 51.189 25,529 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 5,092 10,000 15,092 Other trading activities 55,403 55.403 Totsl 60,495 10.000 70,495 EXPENDITURE ON Raising funds 64,382 7,159 71,541 Other 7,596 7.596 Total 71.978 7,159 79,137 NET INCOMEI(EXPENDITURE) {11,483) 2,841 (8,642) RECONCILIATION OF FUNDS Total funds brought forward 28,897 28,897 Page 8 continued...
BLACKPOOL MUSIC SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted funds funds Total funds TOTAL FUNDS CARRIED FORWARD 17.414 2,841 20.255 TANGIBLE FIXED ASSETS Plant and machinery COST At 1 April 2024 and 31 March 2025 17,971 DEPRECIATION At 1 April 2024 Charge for year 8.724 3,028 At 31 March 2025 11,752 NET BOOK VALUE At 31 March 2025 6,219 At 31 March 2024 9,247 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 2,273 9,797 Page 9 continued...
BLACKPOOL MUSIC SCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (see nole 9) Other creditors 28,001 849 90 1,422 28,850 1,512 LOANS An analysis of the maturity of loans is given below: 2025 2024 Amounts falling due within one year on demand: Bank overdrafts, 28.001 90 10. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 17,414 (18,888) (1,474) Restrlcted funds Vera Wolstencroft Fund Lottery 7.406 13,545 7,406 16,386 2,841 2,841 20,951 23,792 TOTAL FUNDS 20,255 2.063 22,318 Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 73,980 (92.868) (18,888) Restricted funds Vera Wolstencroft Fund Lottery 22.718 19,858 (15.312) {6,313) 7.406 13,545 42,576 (21,625) 20,951 TOTAL FUNDS 116.556 (114.493) 2,063 Page 10 continued...
BLACKPOOL MUSIC SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 10. MOVEMENT IN FUNDS- contlnued Comparatives for movement in funds Net movement in funds Al 31.3.24 At 1.4.23 Unrestrlcted funds General fund 28,897 {11,483) 17,414 Restricted funds Lottery 2.841 2,841 TOTAL FUNDS 28,897 {8,642) 20,255 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 60,495 (71,978) (11,483) Restrlcted funds Lottery 10,000 (7,159) 2,841 TOTAL FUNDS, 70,495 (79,137) (8,642) 11. RELATED PARTY DidcLOSURES Other debtors includes money owed from Blackpool Music Academy CIC, of which the Trustees are Directors, totalling £2,272 (2024: £9,797). 12. RESTRICTED FUNDS Natlonal Lottery Grant Helping the Community with Music project funded by the National Lottery providing music and'a meal for the local community and work for local musicians Vera Wolstencroft Fund Grant ' To fund renovations to the building, to deal with the increase in student numbers. Page 11
BLACKPOOL MUSIC SCHOOL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 8,920 42,576 4,092 11,000 51,496 15,092 Other trading activities Fundraising events student fees 445 64,615 456 54,947 65,060 55,403 Total incoming resources 116,556 70,495 EXPENDITURE other trading activitles Tutor fees and exams Instrument Repairs Project Expenses Bank interest 46,058 38,379 2,974 4,749 (90) 6,498 (252) 52,304 46,012 Support costs Finance Bank charges 472 309 Infonnation technology Repairs and'rÉnewals' 18.067 Administrative expenses Rent Support Costs Travel and subsistence General expenses Advertising Depreciation of tangible fixed assets 21,200 11,450 473 4,586 165 3,028 10,300 14,920 366 2,797 144 3,082 40,902 31,609 This page does not form part of the ststutory financial statements Page 12
BLACKPOOL MUSIC SCHOOL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Administrative expenses Governance costs Accountancy and legal fees 2,748 1,207 Total resources expended 114,493 79,137 Net incomel(expenditure) 2,063 (8,642) This page does not form part of the statutory financial statements Page 13