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2021-09-30-accounts

KEY CHANGES MUSIC THERAPY

TRUSTEES’ ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

CHARITY NUMBER: 1124102 COMPANY NUMBER: 06559536

_____________

HOWARD SMITH & CO LIMITED

CHARTERED ACCOUNTANTS

FIRST FLOOR, BELLAMY HOUSE, WINTON ROAD, PETERSFIELD, HAMPSHIRE, GU32 3HA

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

__________________

- CONTENTS -

Page
1
2-7
8
9
10
11
12-16		 Content
Legal and Administrative Details
Report of the Trustees
Report of the Independent Examiner
Principal Accounting Policies
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

LEGAL AND ADMINISTRATIVE DETAILS

__________________

Trustees James Squire
Nial Dunne
Sarah Lewin
Jordan Mullineaux-Davis – appointed 26 November 2020
Darrell Porter – appointed 7 February 2021
Address Winnall Community Centre
Garbett Road
Winchester
Hampshire
SO23 0NY
Independent Examiner J R Stimpson FCA
Howard Smith & Co Limited
Chartered Accountants and Registered Auditors
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

1

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

REPORT OF THE TRUSTEES

__________________

The trustees present their report and accounts for the year ended 30 September 2021. The trustees’ report contains a directors’ report as required by company law.

CONSTITUTION

The company was incorporated on 8 April 2008 as a company limited by guarantee (registration number 6559536). The company operates as a registered charity (registration number 1124102). The company is governed by its memorandum and articles of association. The Key Changes Handbook provides staff, trustees, and volunteers with information on Policies, Processes and Guidance required to deliver operations efficiently, effectively, economically, and safely.

OBJECTIVES

The objectives of the charity are as follows:

  1. The relief of physical and mental illness and disability, congenital or acquired, by providing or assisting in providing music;

  2. The protection and promotion of good health, both physical and mental, by the use of music;

  3. The alleviation of developmental, emotional and social difficulties by the use of music;

  4. The advancement of the education of the public concerning music as a means of therapy for physical and mental illness and disability, and for developmental, emotional and social difficulties;

  5. The promotion and publication of research concerning the therapeutic use of music as set out above.

GOVERNANCE, STRUCTURE, AND MANAGEMENT

Two new, additional trustees have been appointed to the board and we have taken significant steps to strengthen governance, including:

Trustees have been and will continue to be recruited using a combination of inviting expressions of interest (using for example Reach Volunteering, The Young Trustees Movement, LinkedIn) and via existing personal and professional networks, from people with the skills and experience needed to strengthen the team. Prior to appointment, candidates will be interviewed by at least one trustee and member of staff, two references will be taken, and candidates offered the chance to observe a board meeting and talk informally with members of the team. Trustees are expected to adhere to the Trustees Basics and Code of Conduct and declare any Conflicts of Interest.

In addition to Sarah Lewin (Board Secretary), Nial Dunne (Trustee) and Jim Squire (Chair), who all continue as trustees, Jordan Mullineaux-Davis (Vice-Chair) and Darrell Porter (Treasurer) were appointed as trustees on 26 November 2020 and 7 February 2021 respectively. The trustees share the responsibilities of Company Secretary, supported by core team staff.

The company employs four part-time staff based in our small, rented office/therapy space in Winchester and between 10 and 15 contracted music therapists who deliver therapy sessions with clients remotely (due to the pandemic) and face to face increasingly and wherever possible as pandemic restrictions allow. Each music therapist has a master’s degree in music therapy and is registered with The Health and Care Professions Council. Beccy Read (Lead Therapy Coordinator) provides day to day management and leadership, supervised by the Chair of Trustees. Reporting to Beccy are Julie Fullstone (Finance Administrator), Claire Simmons (Fundraising and Finance Support) and Leigh Warren-Thomas (Dementia Therapy Coordinator).

2

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

REPORT OF THE TRUSTEES – continued

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Many of our therapy team have been with Key Changes for long periods of our existence and we recently bade a fond farewell to Debbie Mellors, after her many years of service to Key Changes. I am reiterating our gratitude and good wishes to her as part of this report in recognition of her huge contribution. We wish her well on her retirement but look forward to her continuing as a member of the charity and enjoyed hearing her reflections on her career as part of the 2021 annual conference.

The Board met monthly during school term times via remote platforms and has dealt successfully during the pandemic with the additional challenges of building a new team who have set an ambitious new direction whilst only being able to meet once face to face.

ACTIVITIES

During the year under review, despite the considerable ongoing impact of the pandemic, Key Changes Music Therapy continued to deliver the required constitutional objectives, with a focus on delivering services to clients wherever and however our therapists were able to, within some unprecedented restrictions imposed on their access to the people and organisations who are our beneficiaries.

The whole team has pulled together with a common determination to continue having a positive impact on our clients, their families, the care teams, and the communities in which they live and work:

Activities during the year included:

1. The ongoing provision of music therapy services.

Despite restrictions enforced by the pandemic, we have maintained service to over 150 clients and our therapists have provided their clinical expertise into more than 20 organisations including care homes for adults with profound multiple disabilities and dementia, mainstream and special educational needs schools and nurseries and to more than 20 families contracting our services directly. The team have worked around access limitations to deliver up to 100 hours or more per week of therapy to these clients.

Music therapy does not just provide benefit directly to our clients; our beneficiaries also include the friends, close and extended families of clients, the care teams providing the day to-day care, the organisations, and establishments we work in and the broader local communities in which our clients live, work, and learn. All these extended groups of people benefit from the improved communication with and well-being of our clients.

2. The ongoing raising of funds via direct client payments, grant-making bodies, events, and donations. Key Changes is enabled to meet our objective to advance the education concerning music as a means of therapy by the generosity and philanthropy of grant-makers and donors. Their support creates opportunities for us to deliver services to new clients and organisations and to support areas of profound need not able to directly fund our services.

We remain committed to reach out to new and more diverse beneficiaries by investing grants and donations and in this reporting year, we are grateful to our regular donors, one-off donations from individuals and organisations, including The Round Table and Rotary Club, support from other music and arts organisations including Flautissimo, The University of Southampton and The Madding Crowd.

3

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

REPORT OF THE TRUSTEES – continued

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We have benefited from and are grateful for ongoing grant funding from The National Lottery, St James’s Place Charitable Foundation, The Eight Foundation, D’Oyly Carte Charitable Trust and The Martin Read Fund and received new grant funding from Hampshire County Council, The Hedley Foundation, The Radcliffe Trust, The Albert Hunt Trust and The Julia and Hans Rausing Trust.

An active series of fundraising events continued during the reporting year, including the annual carol concert, evening concerts hosted and performed by our therapists and a sponsored walk.

3. Setting a new strategic direction.

During the first half of the reporting year, the trustees established five new strategic targets that capture the aspirations of the whole team whilst remaining cognisant of the likely challenges to emerge as a result of the pandemic. We expect these targets to guide our decision making for the next 3-5 years and will keep them under review as part of our regular cycle of business.

An Annual General Meeting took place as required in March 2021 where we presented our strategy and plan to members, and The Board took stock of progress and direction in September 2021 at their away day held in the headquarters in Winchester.

A small team of volunteers is being built by reaching out to the student populations of three major Hampshire-based Universities – Portsmouth, Southampton and Winchester. We are also grateful for the ongoing voluntary support to our information and communications technology from Ben Williams.

Following the stock-take of progress in September 2021, the Chair of Trustees on behalf of The Board wrote to our members, patrons and supporters to report good progress against these plans, pertinent aspects of which are discussed in more detail below.

4. Enacting the first phase of the emerging strategic plan.

The key aspects of this plan are:

5. Raising awareness – promotion and marketing.

Our website (www.keychanges.org) was redesigned and relaunched over summer 2021 and now provides a professional and engaging ‘front door’ to access information about who we are, what we do, why we do it, the impact we have and how to support our work. Aligned with the new website, we launched a weekly “Beating the Drum for Key Changes” social media campaign that raises awareness more broadly and with immediacy about how we are taking forward our plans and introduces members of the team and the events we are planning. A regular newsletter is also circulated to our growing mailing list with updates and news of what’s happening at Key Changes.

4

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

REPORT OF THE TRUSTEES – continued

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This year, we welcomed our first Patron, Professor Helen Odell-Miller OBE, who is Professor of Music Therapy and Director of the Cambridge Institute for Music Therapy Research; closely followed by renowned baritone and composer Roderick Williams OBE. We are looking forward to working with both our Patrons in future and we are delighted that Roderick provided a pre-recorded introduction to the annual conference in November 2021.

We have increased our membership numbers during the year in order to gain the benefit of their knowledge, support, advocacy and advice as we emerge from the pandemic and set our aspirations for the future. Several members took an active part in our Annual General Meeting and we welcome their ongoing input and enthusiastic engagement.

We were grateful to both Andrew Langford (Chief Executive) and Jonathan Booth (Chair of Trustees) from the British Association for Music Therapy who attended our Annual General Meeting and talked to the team about their perspectives on the future landscape for music therapy in the UK following the pandemic.

6. Research and education of the public.

We have continued our commitment to support the continuing professional development of our therapists, hosting a regular series of ‘learning from experience’ sessions open to all the team and sharing the innovative and agile new ways of delivering therapy services necessitated by the pandemic restrictions to face to face engagement with clients.

An annual conference was not possible during the period reported due to the pandemic. The team have, however, proactively prepared for an annual conference which took place in November 2021. and was well attended by the broader community to understand the potential range of benefits of music therapy and the theme “Opportunities from Crisis” resonated with the positive determination to emerge from the pandemic renewed.

PARTNERSHIPS

The Board wish to formally record their gratitude to:

FUTURE STRATEGY AND PLANS

In alignment with the plans derived from our 3–5-year strategy described previously, in the coming 12 months we aspire to:

1. Broaden our self-funded client base.

We will engage with main-stream primary schools, mainly in Hampshire, and raise our profile via the Hampshire Music Hub with an intent to attract new clients. We will continue discussions with existing grant-funded clients to explore different funding options, including them self-funding, so we can accommodate more and new clients with any grant funding received where the constraints of the granting maker allow.

5

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

REPORT OF THE TRUSTEES – continued

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2. Bid for grants and raise funds focussed on providing access to music therapy for potential new clients in mainstream primary schools, dementia care and mental health services.

We will seek out grant makers willing to fund a broader range of new projects with a broader range of client types in new geographic areas. We will also investigate new options for grants to cover core costs and unrestricted funds to provide Key Changes Music Therapy with more flexibility to offer ‘taster sessions’ that demonstrate the potential of music therapy to new clients.

3. Develop the right sized and shaped Key Changes Headquarters in Winchester to enable growth and succession planning.

Our focus is on resilience, affordability and flexibility of our existing core team in the short term as we emerge from the pandemic, but we remain mindful of the need to plan ahead and to build a bigger team in order to meet the full range of our aspirations.

4. Promote our annual conference nationally.

Our intent is to deliver an event that can accommodate higher numbers and more diverse delegates in 2022. We will continue to reach out to more than just the community of practising music therapists and include students, researchers, clients, and beneficiaries in future.

5. Create and develop a diverse network of Members and Patrons across sectors.

We will establish and build a long-term, mutually beneficial, professional relationship with our two Patrons and take stock in the latter stages of the coming year of whether additional Patrons will be sought out. We value our status as a membership organisation and will continue to welcome new members and the benefits they bring in raising awareness, offering additional support to the team, and providing a sounding board for emerging plans and ambitions for the charitable company.

6. Market our brand and raise visibility by refreshing our website and social media presence and enabling our Patrons and Members to raise awareness and advocate music therapy.

Our web presence will be maintained and enhanced with the support of our student volunteers as will the weekly “Beating the Drum for Key Changes” social media campaign. We will improve the circulation and professionalism of how we present our regular newsletter and, in response to our audit of trustee skills and experience, we will seek out additional trustees with strong connections into local businesses and the political and local government communities, in order to attract sponsorship, donations, general support and advocacy from a broader spectrum of the communities to which we bring benefit.

INCOME

The therapy projects continue to be variously funded by: school fundraising, pupil premium, companies providing residential care, charitable donations to clients, events proceeds for Key Changes, or through grants raised by users or Key Changes.

TRUSTEES

Trustees are responsible for the overall operation of the charitable company, ensuring that the objectives are maintained. They are provided with a folder containing information about the charity, policies and procedures, with documents from the Charities' Commission regarding the role of trustees.

During the year, the following people continued as trustees: Sarah Lewin Nial Dunne James Squire The following people registered as trustees: Jordan Mullineaux-Davis – appointed 26 November 2020 Darrell Porter – appointed 7 February 2021

6

KEY CHANCES MIISIC THERAPY FINANCL4L STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 RE.PORT OF TIIE TRUSTEES- continued Statement of Trustees, Rtsponsibilih"es The irusiecs (who ar¢ also direcwrs of Key Changes Music TheTapy foi the pUr[K)￿S of coinpany lawl respc)nsible for preparing the Tn]stees' Report and the financial sthtemenis in accordance with appliesble la￿ and United Kingdom Aecouniing Siandards Iuniied Kingdom Generally A¢¢epted Accouniing Practice}. Company law requitts the ttU5tees to prepate financial statements for each finanLilll !tBI which giyc a truc and lair vicw of the state of affairs of the charitable company and of the incomin8 re8(Juice4 and application of TeStiUTLes, Including the income and expenditure. of ihe chariiable company for that p¢riod. In preparing these financial statemenL%. the Irusiers arc r¢quir¢d to.. selecr suirable accounting policies and then apply th¢m ¢onsist¢ntly', observe the methods and principles sn the Chdritie5 SORP", sL2le whether appljcable UK AecoiintJrt8 51andaTds huve be¢n tollowed, subjcct to any makrial departures di￿]0$¢d and explained in the financial statemenL8", pre￿[e the finanLiJ 5tutemenls un the going conceTn basis unless It is inappropriaie io presurne thai th¢ charitable ¢ompany will Continue in husintss. Tlie trustees are testM)nsible foi kecping PFopeT accounting iecords tl)at disLlose wiiFI l¢i1svll¥bl¥ ULLura¢y at an}. tirne ihe financial wsiiion of ihe charitable companj. and enable th¢m to ensur¢ that the financial statements comply with the Companic5 Aci 2006. They are also rc5ponsiblc for safcguarding the assets of the charitabl¢ Company and htn£t lor tukin¥ reusu￿ble steps fvT the prevEntiun and deleLtion of fraud and other iTregularnics. The. tnJste.e.% Are. rf.swkn4iblp. for the. mainte.n8n¢.e. #nd IntegTity of the corporate and fitwILiai intOT]nation Lncludcd on the charl￿ble company's websiie. Legislaiion in the United Kingdom govetning the piepwation and disseminution of financial statcmtnts may diff¢r from l¢gislation in other jurisditlions. FIYANC iAL REVIEW During the year under revaew. the company re¢eived income of £152.268 &nd rccordcd a surplus of £1.277. The company ethntinued tn be affected by the closure of and care hnmp.s hp.c.aiise of the Coronavirus. Some work ontinutd during lockdown but care home therapy was v¢ry rcductd and onl), provided tpn a stl¢d¢d atid agT¥ed btlS15 and Occ￿10na1I), remotely. As music therapy is delivered by PTOt¢S510nal music thtiapi5ts on a cojitiacl lJ&%i%. IdÈlivr Ilidll by employees. the comp(￿Y is able to mitigate this expense but still requircs a volume of contracted hours in tsrder to gp.nera1p.￿7]ffIr.Ient 1ne.omp to Inp.e.t ce.ntra121 dininistr?I tive costs. Core fiindino granted by the National Loitery and The Julia and Hans Rausing Tiust unde￿Inned th¢ Chatity duting this pe¥iod and UT¥ VfTy Wdteful to thejn. The principal financial management pnlicie4 5Jdfipted are tr) pynvide therapy at a priee which FelleL15 Ihe operation81 costs of Ih¢ charity and io saf¢guard th¢ coniinuaiion of ihe company. The majoTitv rjf tli¢tap! users &irran¥¢ theiT own funding for thc cost of th¢ th¢rapy. but ￿.h¢re n¢c¢&%ary the company raises fuiids fioni cliarilalile fi)undaliuR5 dnd Ihe like in ord¢r to covcr this cxpcns¢ foT thos¢ ￿h0 cannot fully cover the costs themselve4. Commitment.8 tfj prrkvidtr Ihis fiinding are onl!, made u,hen we have ihe requisi￿ tinancial resources. The charity s total reserves at 30 SepternbeF 202 1 were £68.461 of which £20.907 is r¢stricled. Reserves are held in ¥JCLllltnl% CAF F15Jiik i.td Til Itlsjtitiii In rpse.I vei Ili¥ Irlisl￿5 dltn tu hold siinicient reserves io be able io linan¢e the charity's ¢(mimiÈmei]ts for a period (rf6 months. The fJni2ncial statements have been prepared in ace0idd[￿ ivith thr small company rc8ime {Seciion 41913)) of the Comtianies Act 2006 Effid the Charities {Acctsunt5 and Reports) Regulations 2UU¥. Signed by Trugtees.. es SquiTe Date

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEY CHANGES MUSIC THERAPY CHARITABLE COMPANY

__________________

I report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2021, which are set out on pages 8 to 16.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2001 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the trustees as a body for our work, this report or for any opinions we have formed.

INDEPENDENT EXAMINER'S REPORT

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J R Stimpson FCA Howard Smith & Co Limited Chartered Accountants and Registered Auditors First Floor Bellamy House Winton Road Petersfield Hampshire GU32 3HA

8

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

PRINCIPAL ACCOUNTING POLICIES

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Key Changes Music Therapy is a public benefit entity and a charitable company limited by guarantee, registered in England and Wales. The company’s registered number and registered office address can be found in the Trustees’ Report.

BASIS OF PREPARATION

The financial statements have been prepared in Sterling under the historical cost convention, and in accordance with the Companies Act 2006 and the requirements of the Charities SORP (FRS 102), Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective 1 January 2015). The principal accounting policies of the charity are set out below.

GOING CONCERN

The accounts have been prepared on a going concern basis. The directors have not identified any material uncertainties about the Charity’s ability to continue.

INCOMING RESOURCES

Income is recognised on an accruals basis. Where income is received in advance of a therapy session, income is deferred until the session has taken place. Interest is recognised when received.

Revenue grants are credited to the statement of financial activities in the year of receipt.

Capital grants are deducted from the cost of the fixed asset to which they relate.

Donations are credited to the statement of financial activities in the year of receipt.

RESOURCES EXPENDED

Liabilities are recognised when the charity is under an obligation to make a transfer of value to a third party.

Expenses are allocated to the relevant activity on the basis of income received, unless the expense can be directly attributed.

Expenses other than those arising from the charity’s operations are charged to the statement of financial activities on the accruals basis.

FIXED ASSETS

Assets purchased for the continuing use of the charity are carried in the balance sheet at cost less capital grants received and depreciation. Fixed assets costing less than £500 are not capitalised.

Depreciation is charged at the following rates:

Office equipment - 33 % on cost.

RESTRICTED FUNDS

Restricted funds arise when monies received by the charity are earmarked for specific purpose by the donor or grantmaking body.

DESIGNATED FUNDS

Designated funds arise where the charity has received a donation to unrestricted funds and the trustees have decided on a particular use for the donation.

9

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

STATEMENT OF FINANCIAL ACTIVITIES

(including income and expenditure account)

__________________

Notes
Restricted
Funds
2021
Unrestricted
Funds
2021
£
£
Income and endowments from:
Donations and legacies
1
17,174
15,264
Other trading activities
-
-
Investment income
-
4
Charitable activities – therapy income
-
119,826
Total incoming resources
17,174
135,094
Expenditure on:
Raising funds
3
-
829
Charitable activities
2
21,982
128,180
Total resources expended
21,982
129,009
Net incoming resources for the year
6
(4,808)
6,085
Gross transfers between funds
-
-
Net incoming resources
(4,808)
6,085
Reconciliation of funds
Balance at 1 October 2020
25,026
42,158
Balances carried forward at 30 September 2021
£20,218
£48,243		 Total
2021
Total Funds
2020
£
£
32,438
48,201
-
-
4
15
119,826
98,044
152,268
146,260
829
947
150,162
121,733
150,991
122,680
1,277
23,580
-
-
1,277
23,580
67,184
43,604
£68,461
£67,184

There were no other recognised gains or losses in the financial year.

The accompanying accounting policies and notes form an integral part of these financial statements.

10

KF.V C-.FIANGES MLISIC THEIi4PY FINANCIAL STATEMENTS ()R TIIF. YF.AR F,NDED 30 SEPTEMBER 2021 BALANCL SHEET 30 septe1n￿l 30 S¥ple[n￿[ 2Q20 Notes 021 Fiied A5set5 Tangible assets 284 Current A&8ets Debkni. Cash at bank and in hand 30.312 10.134 78 73,917 83.852 Credliorg: Amoun1$ f•lling dye withill ODe year Ntt Current Assets 66.900 Tot91 Asse¢s less cmrrent liabilities Rtprestnttd by Unre5tiicted fund5- tieneral Pund Restricted 47.554 4)., l i8 Accumulated funds £6_7_,184 The cornpany is efflitled ty exempiion Irom audii under Secuon 477 of lh¢ Companies Act 2006 for the year ended 30 Scptetnber 2021. 'Ihe membvis have not requirEd the LoinpJny to obtain an audit ot-its lin￿¢1&1 statements forthey¢ar¢nd¢d 30 September 2n21 in accnrdant.e with Sectinn 47h nf thr. companies Act 2(K The directors acknowl¢dg¢ their responsibilitie5 foT. a) ensuring that the company keeps accounting records which comply with S￿.11•n9 386 and 387 Df the Companie5 Act 2006, and bl prcpaTing financial staicmcnts which give a true and fair view of the siaie of affaiTS of the LOIIII)<UIy dl lh¥ ¥nd Llf eaLh fI￿lIa1 yeut ynd of its profil or Ioss tor each tinuncial year in accordance wilh the r¢quir¢ments of Sections 394 and 395 and which othen4.ise cnmplN' with the requirements ol. the L4)mpanics Act 2006 relating to financial statements, so fai as applicable to the compaTry. The financial siaiemenis h2ve been PTep2red In accnrdance with the gpe.cial provisions of Pail 15 of the Cornpanies Act 2006 T¢latin8 to small charitable compani¢s and with th¢ ChaFltie5 SORP IFR8ln21 Ac¢ounlin¥ and Reporting by Charities". Statement of Recofftmended Pra¢ti¢¢ applicabl¢ to Charities PTepariii2 tlieii aLLouiIIs dLLoILl￿Lt with the Financial Reponing Standard applicable In ih¢ UK and Republic ot Ireland lefteeiive l January 2n1.51 These financial statements weie approv¢d by the bojrd ot'trust¢C5 on .. A4LH.2oand signed on its behalf by.. James Squire The atcompanying accounting wlicies and notes forni an int¢gral part of these f2nancit] statenients

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

__________________

1. Income from donations

Grants received
General donations
2.
Expenditure on charitable activities
Cost of therapists
Allocated support costs – note 4
3.
Expenditure on fundraising
Unrestricted
Costs of fundraising
Allocated support costs – note 4
4.
Analysis of governance and support costs
Salaries and related costs
Office expenses
Governance – Accountancy		 Restricted
£
14,100
3,074
£17,174
Restricted
£
21,982
-
£21,982		 2021
2020
Unrestricted
Total
£
£
£
12,385
26,485
39,853
2,879
5,953
8,348
£15,264
£32,438
£48,201
2021
2020
Unrestricted
Total
£
£
£
93,702
115,684
94,956
34,478
34,478
26,777
£128,180
£150,162
£121,733
2021
2020
£
£
-
-
829
947
£829
£947
Charitable
Activities
Fundraising
Total
£
£
£
24,076
578
24,654
8,937
216
9,153
1,465
35
1,500
£34,478
£829
£35,307		 2020
£
39,853
8,348

£48,201

2020
£
94,956
26,777

£121,733

Governance and support costs are allocated on the basis of income received from charitable activities and fundraising.

  1. Analysis of staff costs
Staff costs:
Wages and salaries
Social security
Pension costs

No expenses were reimbursed to the trustees during the year, and no trustee received any remuneration. The charity obtained indemnity insurance for the trustees. This insurance was part of a package of insurances and no separate cost is available.

The average number of employees, analysed by function, was:

Management and administration 2021
4		 2020
4

No employee received remuneration of more than £60,000. (2020: NIL).

12

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

__________________

  1. Net (outgoing)/incoming resources for the year are stated after charging :
Depreciation
7.
Tangible Fixed Assets
COST
At 1 October 2020 and at 30 September 2021
DEPRECIATION
At 1 October 2020
Charge for the year
At 30 September 2021
NET BOOK VALUE
At 30 September 2021
At 1 October 2020
8.
Debtors
Trade debtors
Other debtors
Prepayments
9.
Liabilities: amounts falling due within one year
Trade creditors
Advance payment from clients
Social security and other taxes
Other creditors
Accruals and deferred income		 2021
£
284
Office Equipment
£
1,394
1,110
284
1,394
£ -
£284
2021
£
29,832
410
70
£30,312
2021
£
10,279
3,032
204
76
1,800
£15,391		 2020
£
285
2020
£
9,724
410
-
£10,134		 2020
£
285
2020
£
9,724
410
-
£10,134		 2020
£
285
2020
£
9,724
410
-


2020
£
4,785
-
22
2,210

£7,017

13

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

__________________

10. Analysis of charitable funds

Analysis of movements in unrestricted funds

Analysis of movements in unrestricted funds
Balance at
1 October
2020
£
General fund
29,758
Designated funds:
Julia & Hans Rausing Trust
National Lottery
10,000
Virgin Giving
-
Winchester Collection
74
IBM
1,560
Flautissimo Concert
298
Southampton University Orchestra
252
Madding Crowd
181
John Terry Funeral Directors
-
Folks In Harmony
35
£42,158		 Income
£
122,709
12,000
-
160
-
-
-
-
-
225
-
£135,094		 Expenditure
£
106,685
12,000
10,000
-
-
324
-
-
-
-
-
£129,009		 Transfers
Balance at
30 September
2021
£
£
-
45,782
-
-
-
-
-
160
-
74
-
1,236
-
298
-
252
-
181
-
225
-
35
£ -
£48,243

Analysis of movements in unrestricted funds – previous year

Balance at Balance at Balance at
1 October 30 September
2019 Income Expenditure Transfers 2020
£ £ £ £ £
General fund 33,636 102,530 103,875 (2,533) 29,758
Designated funds:
Martin Read Fund for Young People 3,129 - - (3,129) -
National Lottery - 10,000 - - 10,000
Waitrose - 205 391 186 -
Winchester Collection 74 402 402 - 74
IBM - 1,560 - - 1,560
Flautissimo Concert - 298 - - 298
Southampton University Orchestra - 252 - - 252
Madding Crowd - 181 - - 181
Phoenix Community Choir - 187 187 - -
Folks in Harmony - 383 348 - 35
Waitrose Green Tokens - 798 798 - -
UKladies 57 - 150 93 -
George Heywood - 500 500 - -
Shelley Robinson Eales - 451 451 - -
£38,696 £117,747 £107,102 £(5,383) £42,158

The General fund is “free reserves” after allowing for all designated funds. The grants from the Julia & Hans Rausing Trust and the National Lottery are for core funding. Donations from Virgin giving and from the IBM Community fund are for Music Therapy. Amounts collected from Winchester collections and donations from Waitrose have been designated for therapy use in the local area. Donations collected through John Terry Funeral Directors are to be used in therapy for Dementia sufferers. Donations made in memory of Martin Read are used for working with young people. Proceeds from the Flautissimo concert, Phoenix Community Choir, Madding Crowd Waitrose Green tokens, George Heywood and Shelley Robinson Eales are used to provide therapy in the Winchester area. Donations from Southampton University Orchestra are used to provide therapy in the Southampton area. Donations from Folks In Harmony are for therapy at Rosewood School. Income from UKuladies is used to provide therapy in South Hampshire.

14

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

__________________

10. Analysis of charitable funds – continued

Analysis of movements in restricted funds

s of movements in restricted funds
Balance at
1 October
2020
£
Morrison Foundation
-
Martin Read Fund
3,297
Lanterns – Winchester Rotary
1,034
D’Oyly Carte
1,862
Eight Foundation
7,353
St James Place Foundation
9,293
HCC Grant
-
Arnold Clarke Community Fund
-
Greville School
1,298
Round Table
-
Baily Thomas
889
Lapping – Osborne School
-
Hedley Foundation
-
Radcliffe Trust
-
Albert Hunt Trust
-
£25,026		 Income
£
435
290
-
-
-
-
5,000
500
2,349
2,500
-
1,000
1,100
3,000
1,000
£17,174		 Expenditure
£
395
192
622
1,350
6,109
8,562
-
-
3,224
-
689
-
525
314
-
£21,982		 Transfers
At
30 September
2021
£
£
-
40
-
3,395
-
412
-
512
-
1,244
-
731
-
5,000
-
500
-
423
-
2,500
-
200
-
1,000
-
575
-
2,686
-
1,000
£ -
£20,218

Analysis of movements in restricted funds – previous year

1
Morrison Foundation
Martin Read Fund
Lanterns – Winchester Rotary
D’Oyly Carte
Eight Foundation
St James Place foundation
Peter Harrison Foundation
Greville School
Andover Rotary
Baily Thomas
Musicathon		 At
October
2019
£
2,822
-
-
-
-
-
1,197
-
384
2,305
-
£6,708		 Incoming
resources
£
-
220
2,500
3,000
10,000
10,000
-
2,293
-
-
500
£28,513		 Resources
expended
£
4,038
52
1,466
1,138
2,647
707
1,415
995
500
1,416
1,204
£15,578		 Transfers
At
30 September
2020
£
£
1,216
-
3,129
3,297
-
1,034
-
1,862
-
7,353
-
9,293
218
-
-
1,298
116
-
-
889
704
-
£5,383
£25,026

The donation from the Morrisons Foundation and donations for Lanterns are for work with pre-school children in Andover and Portsmouth. Donations made in memory of Martin Read are used for working with young people. Donations from D’Oyly Carte are for early years work at Osborne School in Winchester. Grants from the Eight Foundation are work at the Mary Rose School. Income from the St James Place Foundation is for early years work in 2021. The grant from Hampshire Count Council is for therapy to help with mental health. Monies from the Arnold Clarke Community Fund are to be used in purchasing instruments for a school in Southsea. The donation from Round Table is for Norman Gate. The donation from Lapping is for use at Osborne School. The donation from the Hedley Foundation is for the purchase of a digital piano and other instruments. The donation from the Radcliffe Trust is for use at Rosewood Free School in Southampton. The donation from the Albert Hunt Trust is to part fund s project to reintroduce music therapy to Winchester Well Being Centre. Income from the Peter Harrison Foundation is for supporting early years therapy. Income from the Greville School is for work at that school. The donation from Andover Rotary is for work at the Norman Gate school in Andover. The grant from Baily Thomas is for early years work at Willows School. Funds raised from the Musicathon are to be used at Lanterns School.

15

KEY CHANGES MUSIC THERAPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

__________________

11. Analysis of net assets

alysis of net assets

Fixed assets
Current Assets
Current Liabilities		 Restricted
£
-
20,907
-
£20,907		 Unrestricted
£
-
62,945
(15,391)
£47,554		 2021 Total
£
-
83,852
(15,391)
£68,461

16