M4P Financial Report Accounting Year to 31[st] December 2025
Music for People (Summer School), also known as M4P, Directors:
Alison Beattie Director Jill Snowdon Director & Company Secretary Stephen Taylor Director Hilary Levan Director & Treasurer
At the start of the year, helpers included Jody McKenzie, Felicity Williams, Cathy Brassiington, Helen Rollison and Judi Stockwell.
All posts on the Committee for Directors and Helpers are voluntary posts. None receives any payment.
Mission Statement:
To advance the education in and appreciation of music and associated arts by the public. In particular, to endeavour to encourage and facilitate lifelong learning, musical education, composition and performance with special regard to music which expresses the ideals and aims of the world’s people towards the improvement of society.
Period Covered:
The Annual Accounting Year is from 1[st] January to 31[st] December. This period overlaps with three annual Summer Schools: the residue of business of the previous School, the School held during the summer of this year and the organisation and business of the following Summer School.
Meetings:
These are held monthly and have the purpose of discussing the business required to enable the running of each year’s Summer School.
The Summer School:
The aim of the M4P Organising Committee is to organise a Summer School to run for one week from the first Saturday in August to the morning of the following Saturday.
At the start of this year, the M4P Committee closed the business of the 2025 Summer School.
In the Autumn of 2025, the organising committee started work to organise the 2026 Summer School. The organising committee learns from this feedback and strives to improve the School each year.
Bursaries
Two Bursaries were awarded in 2025.
Discounts:
Discounts were awarded for early applications and a family group.
Finances:
All money received and spent for each Summer School and for the Accounting Year is accounted for accurately by the Treasurer. The 2025 Accounts have been checked and suitably formatted by Colin Hipwell. The accounts were independently examined by Gary Barnett
Charity and Company Status:
M4P is a Company (Company Number 6356502) and a Charity (Charity Commission Number 1122957). Relevant returns are made as appropriate.
Income and Expenditure Music for People (Summer School of Music) For the year ended 31 December 2025 2025 Turnover stydent Fees Camper No 8reakfa5t Child Discount Early Biftl DISC1 142.80 1100.001 14.000.WI 86,995.00 On Participant No Breakfast Non Porticip&ntVAT 25& 69.00 Non Residential No breakfasts Non Residential No MeaLs Single Room SurChae stdernt DEPOSits DepositsAllotated Total Student Fees 3.050. 23,IW.00 2,982. 3,660.00 12,333.52 112.263.521 116.226.80 Interest Income TotalTumover 644.80 117,071.60 Cost of Sales School Deposit& Fee msiCPUrlha5e, Hire and Copy OtherDirect Expenses 74,49&47 1,113.98 136.71 TuiorActornmodation TutorExpense TutorFees 3,199.96 2,095.51 2.347.02 Instrument Hire Totsi Cost of Sales 2,935.00 117.124.65 Gross Profit ILossl 153.051 Administrative Costs Advertising& Mar#eting $ankand Sumvp Fees Comtnittee Expenses Commitiee MEetingAciommodation DBSChetks 698.49 4.79 2,786.90 1,490. Depreclation ExpEn5e Gene¢31 FMpenseA InsurartEe 4.80 76&59 281.11 Internetcosts 157.33 ITSoftware¥nd Consvrnables 215.87 114.88 IncomeandE¥pefiditufe Mu5K ltypeoplSUrnMerS[th0ts40tMU¢l IIJUTr1026 Pagel of2
Incorne?ndExppnditure 202$ Postage. Frel8ht&Courier Printin8& srationery storage Subscriptions Telephone& Inteinet XtroAccouniing Package TotalAdmiTristr¥tive Costs ii.oo 68.os 426.00 S40.OD 65.B9 370.81 8,004.52 Operating Profit ILossl 18.057.571 Other Income and Ex Donations enses EyTnra1slng 2,08&60 219.06 Receipt56t Summerschool Transfers10 Bursaty Fund Total Other Incomeand Exppns@5 729.25 545.00 11.202.501 Z,377.43 Surplus IDeficitl on Ordinary Activitie5 Surplus (Deficit) after Taxation 15.680.141 5.680.141 IncomeandEXPddlurÈ Mu5K f&rPeopl¢I5ummerSthotsl4114UScl 11 Junw26 Poge2ot2
Balance Sheet Music for People (Summer School of Music) As at 31 December 2025 310Et 2D25 Fixed Assets TanslbleAssÈtS Audio Equipment LessAtcumulèted DÈpreciatlon Audio Équipment Le55Accumulated Depreciation on Musical Eouiprnent LessAccumulated Depreciation on Ollice Equipment Mu51cal Equlpmeni Office Equipment Tot•lTanglbieJsti 2.199.76 427.00 L,150.68 3,008.85 Totsl Flx•dAssts 3,408.85 CurrentAssets C•$h at bank and In hand Cornmunity DIrtpluS 1.307.50 Toi•lC•sh at bank and In hind 43,849,27 43,177 Prepayrnenis Totalcyrrent Asjrts 951.62 46,108.39 Net Current Assets ILlabllltiesl Total Assets less Current Liabilitles 46,108.39 49.117.24 Creditors., amovnts falllnL.-. _ due after more than one ur5ary Fund Total Credltor5.' •mDunts1*115n8due¥ft•r morethan •ne ytar ear 10,000.00 io,000.oo Net Assets 39,117.24 Cap_ital and Reserves Retained Earnlngs T•talC•pltaland Resery•5 IS,680.141 H,797.38 39,117.14 ealJncE5heet MJsi¢fuf People15MMer10lMu5IcI 11 Jun2026
Ind¢pendent Ex8rniN*tion of Mu5ir For People IM4P) A¢cOll Financial year ending 31° D¢eember 2025 Background This ¢xaminaiion w&s conducted by.. Gary Bamett 5 Wharfside Padworth Reading Berks RG74JS I have no forma] training or qualifieation in accollntancy but am CODsidered appropriate to perfor this examination. I have experience of setting and managing budget5 during my working life. l also have some understanding of business balance sheets and profli and105s accounts. I received no fee for this review. I have no relationship with either the operation or directors of M4P. nll5 review wa5 Conducd ac¢ordin8 to the guidance set out in Charity Commission Docwnent CC32, Independent Examination of Charity Accounts-. Directions and Guidance for Examiners Outcome of the Examination There weTe no matiers of 'con¢em' or'materiai significance, identified. Of the items reviewed, no errors in accounting weTe identified. The accoLmts were accurately reported. One erroneus invotce was identified as having been submitted incorrectly by Gi8gleswick school (Giggle5wick Deposit and FeeTransactions) but the actual amouts paad wer¢ confimied to be corwt. No further action was necessary. Natur¢ of the Ex8minatioD Accounts re prepared for review on an accrlla15 basis although there were no party related tronsacttons to be reported. It was ¢onfirmed that the annua] tUTntsver was between £25k and £250k and was within the range where independent examination rather than professional audit is appropriate. The accounts were presented in Xero software. The incorne and expenditure account and balance sheet were initially reviewed and selected areas were then checked in more detail by drilling into the individual line items within Xero. As Xero is directly linked to the bank accounts amd invoices are uploaded the review was conducted eniirely within Xero. Going Contern The purpos¢ of M4P is to"To udvurtc'e ihe educalion in andapprecialion ofmusic and a5socia¢ed aris by ihepublic. Inparlie1Ur, lo cndEavour iu epKnurage andfaciliioie lifelong learning, musical educulEQlI. comp(13iliun andperJormaKcL' wFih.Ypecial regardio mu.¥ic w,hich expresses ihe ideals undaims ofihe wvrld'.speople iuwL7rd.f ihe improvemeni vf-fr)ciety' (Source, M4P website). This is achieved by running an annual Summer music school. The ability to n]n the school is th¢refore e5%ntiai to the atms of the ¢harity. M4P at year end had £46108.39 in euTrent a55ets. This figure is greater than 250/0 of the total expected expenditure for 2025. i.e. above the minimum level determined by the ¢ommitte¢ to su]e1ent to ensure that M4P can run a succcssful summer school in 2025. Longer terni th¢ committee wish to reduce this to nearer the 250/0 ihreshold by returning fi]nds to students. Gory Barnett