A Company Limited by Guarantee Annual Report and Financial Statements Year ending 31 May 2024 Charity Number: 1130937 Company Number: 6916641 ## **Administrative Details** Charity Number: 1130937 Company Number: 6916641 Registered Address: 12, Queen Street, Great Oakley, Essex CO12 5AS Location: Building 4, Off Highfield Avenue, Dovercourt, Essex ## **Directors and Trustees** The directors of the charitable company are its trustees for the purposes of charity tax. The trustee and officers serving during the year and since the year end were as follows:- Chris Scott Chairman Trustee - 1 March 2024 Peter Browne Trustee - Resigned 17 August 2024 Joseph McCann Trustee - 29 July 2020 Amber Scott Trustee - 1 March 2022 Ross Kemp Trustee- 17 August 2024 ## **Other names used by the Charity** Get Known, Rock School Club, Rock the Tower were names previously used by We are Music describing programmes operated by the charity. We have now rebranded using WAM Harwich and WAM Jaywick to replace Rock School Club and Rock the Tower. ## **Governing Document** We are Music is a company limited by guarantee governed by its Memorandum and Articles of Association dated 1 February 2014. It is registered as a charity with the Charity Commission. Anyone over the age of 16 can become a member. Children from 9 to 16 will be members through their parent or guardian. ## **Appointment of Trustees** As set out in the Articles of Association at the Annual General Meeting one third of the trustees retire in rotation and can be re-elected at the meeting. If another party wishes to seek appointment, they must give not less than fourteen days’ notice nor more than thirty-five days before the date of the meeting to the Charity. The purposes of the charity are, to help young people through: (a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life (b) Providing support and activities which develop their skills, capacities, and capabilities to enable them to participate in society as mature and responsible individuals ## **Our Operational Area** Tendring is ranked as the most deprived of all Essex districts. Essex County Council figures show Tendring is “falling further and further behind” The ECC Organisational Intelligence report states “Tendring shows a challenging environment facing young people in the area.” - Secondary pupils score the lowest in wellbeing in Essex. - Seven areas in Tendring are in the most deprived 10% in England. - There are low family incomes in the area. - 15 wards across Tendring have child poverty in the 20-50% range with significant high pockets (30%+) in Harwich, and Clacton. Jaywick is the most deprived area in England. - Tendring has the highest number of NEETs, and children in care in Essex. - There are very few activities available for young people in the area, a high degree of vandalism, early drugs use and because of the coastal locations a low police presence. In planning our activities, the trustees have considered the Charity Commissions guidance on public benefit, including the guidance on public benefit and fee charging. We are Music relies on grants with minimal other income. All services are, due to the support of grant funding, free to participants. ## **WE ARE MUSIC – breaking records!** An amazing year of growth! We delivered 744 hours of regular sessions to 278 young people and a taster session to a further 290 primary school children. **The Youth Council** has been a great sucess including developing taster sessions in the Harwich facility, and outreach sessions across Tendring. They also raised funds by getting Ed Sheeran to support our operation, and sign a guitar which we auctioned. Currently 80 young people a week access Harwich and Jaywick with major improvements in well being and increased friendships. A third rehearsal space has been set up at Harwich. **Primary School sessions** in our Harwich facility have been a major sucess. Seven primary school are involved in the project that supplies six one hour session for all Year Six childen at our Harwich centre including transport to and from the school. In addition we are operating out reach after school club sessions in five primary schools focused around rural and low income areas. This has engaged 220 children and included performances to the whole schools and parents for some schools. ## **Our regular sessions at the Jaywick Martello Tower and our** **Harwich facilities are expanding** as a result of our activities with primary schools. Providing sessions for complete year groups broadens the inclusiveness of our operation atracting more girls and children with learning difficulties. To meet this increased demand we have created a third rehearsal room in the Harwich centre and open more hours. ## **Our work helping young people move their music on is growing.** We are running a project that will provide a better deal for young artists to fund their recordings, release tracks and work with Industry Professionals. We have also provided studio training to professional standards with the Help of Hamford and Decoy Studios. This trail blazing concept is funded by Youth Music. **Government Grassroots Music Support.** We have secured two year funding, to be delivered through Hamford Studio, to provide a range of skill development and industry services to feed talented young people into the industry. These include songwriting workshops, studio engineering master classes in conjunction with Decoy Studios and live performance videos. **Performance Opportunities** Two major events occurred during the year a summer showcase at Hamford View and a Christmas event in Harwich. In addtion we supported local community events with a variety of bands and artists. Two bands attended the Music for Youth Regional Festival in Norwich and one is playing the National Festival in Birmingham. This is 15 years of WAM and we are staging an event in a circus big top to celebrate. Young people who have been supported by us in the past are reforming bands espcially for the day. ## **Financial Review** Our turnover £110,536 shows an increase on last year (last year £95,916) and we returned an excess of £20,616. Various grants provide restricted funding, and we are holding balances totalling £55,939 at the year-end for these funds. These are supported by £80,460 cash at the bank. During the year we have funding from the Essex Community Foundation, the People’s Health Trust, the National Lottery Community Fund. In addition we received funding, from the Essex Music Hub, to support our primary school sessions. Our WAM Jaywick centre received funding from the Tendring Community Fund with follow on funding from the Arts Council. Youth Music is supporting our work assist emerging artists. Going forward we have Grassroots Music Funding to work with Hamford Studio and Shared Prosperity Funding to support the WAM15 Festival. We end the year with secure forward income. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014. 5 ## **WE ARE MUSIC Statement of Financial Activities to year end 31 May 2024** |**Incoming resources**
Note
**Income from:**
3
Donations
Charitable activities
Other
**_Total_**
**Expenditure on:**
4
Raising funds
Charitable activities
Other
**_Total_**
**Net income/(expenditure) before**
**investment gains/(losses)**
Net gains/(losses) on investments
**Net income/(expenditure)**
**Extraordinary items**
**Transfers between funds**
**Other recognised gains/(losses):**
Gains and losses on revaluation of
fixed assets for the charity’s own use
Other gains/(losses)
**_Net movement in funds_**
**_Reconciliation of funds:_**
Total funds brought forward
**_Total funds carried forward_**|**Unrestricted**
**funds**
**£**|**Restricted**
**income**
**funds**
**£**|**Total funds**
**£**|**Prior year**
**funds**
**£**| |---|---|---|---|---| ||6,859||6,859|6853| |||103,677|103,677|89,063| ||-|-|-|-| ||6,859|103,677|110,536|95,916| |||||| |||-||| |||85,310|85,310|79,429| ||4,610||4,610|1,523| ||4,610|85,310|89,920|80,952| |||||| ||2,249|18,367|20,616|14,964| ||-|-|-|-| ||2,249|18,367|20,616|14,964| ||-|-|-|| ||-|-|-|-| |||||| ||-|-|-|-| ||-|-|-|-| ||2,249|18,367|20,616|14,964| |||||| ||||60,815|45,851| ||2,249|18,367|81,431|60,815| **We are Music** is a charitable company limited by guarantee. Registered in England 6916641 Registered Charity No. 1130937 Reg. address: 12 Queen Street, Great Oakley, CO12 5AS We are located at Building 4, Main Road, Dovercourt, CO12 4DN Tel: 07907414611 email: chrisscott@we-are-music.org.uk WE ARE MUSIC Balance sheet as at year end 31 May 2024 R•strietod ineom• funds Unr•strlct•d funds Totsl last y•ar Total th5• y•ar Flx•d •ss•ts Tanglbl• a•••ts IntAngibl• ••¥•t• (Not• 71 23,355 23,355 22,384 23,355 23.355 22,384 Curr•nt ••Mt• Dèbtorn (Not• 81 C*8h at bank ind In hand INot• 100 100 680 24.519 55,950 80.469 60.815 Tot•1 Curnnt a•••t8 24,619 55.950 80 569 61495 c￿￿ttorJ. umounts fjlllng due wlthin on• y••r (Not• 91 57,860 N•1 eurr•nt •M•ts/(li•biliti￿j 22,909 22,909 24,218 rot•l •u•ts l•** ¢un•nt Il•bllltl 46.264 46.264 46,602 Cr•dltorn.' amount• falllng du• •ft•r on• y•ar (Not• 91 Provi•ion% for li•btliti•• Totsl n•t ••••t• orll•bllltl 46,264 46.264 46,602 Funds olth• Ch•rlty RMtrlct•d In¢¢m• fund• INot• 121 55.950 55,950 24,519 34.975 25,840 Unrnstrlct•(I lund# 24,519 R•valualon r•Mrv• Tof•l fvnd• 55 950 80,569 Signed by two trustees on behalf of 811 the tru$leo$ Signature Chris Scoti 211C612024 P8ler Brown8 2110612024 W••r•MLth ￿￿(￿r￿¥b￿cOmp3ry ty8wrantw. RQqbt•F￿ in Erybnd6916641 R•8tst•rqdCharhy No. IIYYJ37 P4.addryA'. 12 QuMnStr•qt. 6reatO•Wv¢, C0125A5 Weaie bxat4dat bulHlp44. Maln 0￿e￿￿rt. C012 40N 7 ## **Notes to the accounts.** ## **Note 1 - Basis of preparation** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts n accordance with the financial reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014, and with the Charities Act 2011. The charity constitutes public benefit entity as defined by FRS 102. The charity is a going concern whose operation will continue through the next financial year. The accounts present a true and fair view of the charity’s performance. The company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. ## **Note 2 - Accounting policies** ## **Recognition of Income** These are included in the Statement of Financial Activities (SoFA) when - the charity becomes entitled to the resources - it is more likely than not that the trustees will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **Offsetting** There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. ## **Grants and Donations** These are only included in the S0FA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). ## **Tax reclaims on donations and gifts** Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. ## **Donated Goods** These are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. ## **Income from membership subscriptions** Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. ## **Settlement of insurance claims** Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 **We are Music** is a charitable company limited by guarantee. Registered in England 6916641 Registered Charity No. 1130937 Reg. address: 12 Queen Street, Great Oakley, CO12 5AS We are located at Building 4, Main Road, Dovercourt, CO12 4DN Tel: 07907414611 email: chrisscott@we-are-music.org.uk 8 to 5.12FRS 102 SORP) and are included as an item of other income in the S0FA. ## **Liability recognition** Liabilities are recognised where it si more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ## **Deferred income** No material item of deferred income has been included in the accounts. ## **Creditors** The charity has creditors which are measured at settlement amounts less any trade discounts. ## **Provisions for liabilities** A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. ## **Basic Financial instruments** The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP. ## **Tangible fixed assets for use by the charity** These are capitalised if they can be used for more than one year and cost at least £100. They are valued at cost and depreciation rates and methods used are disclosed in note 7. ## **Intangible fixed assets.** The charity has no intangible fixed assets. ## **Heritage assets** The charity has no heritage assets ## **Investments** The charity has no investments ## **Stocks and work in progress** The charity has no stocks or work in progress ## **Debtors** Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. ## **Current asset investments** Cash on deposit are only held to meet short term cash commitments as they fall due. The charity does not hold current asset investments. **We are Music** is a charitable company limited by guarantee. Registered in England 6916641 Registered Charity No. 1130937 Reg. address: 12 Queen Street, Great Oakley, CO12 5AS We are located at Building 4, Main Road, Dovercourt, CO12 4DN Tel: 07907414611 email: chrisscott@we-are-music.org.uk 9 ## **Note 3 – Analysis of Income** **----- Start of picture text -----**
Restricted
Unrestricted income Total Prior
funds funds funds year
Analysis £ £
Donations Donations and gifts 5,671 5,671 596
and Gift Aid - 1,737
legacies: Legacies - - - -
General grants provided by
government/other charities -
Membership subscriptions and
sponsorships which are in
substance donations -
1,188 1,188 4,520
Other -
Total 6,859 -
6,859 6,853
Essex Culture & Arts Fund
19,500
Tendring Shared Prosperity Fund
5,000
EALC
5,000
Arts Council – Friends of Jaywick
Martello Tower 9,787
Charitable Grassroots Music Arts Council
activities: 25,470
Essex Community Foundation
4,770 1,000
Essex Music Hub -23 1,603 6,804
National Lottery Community Fund 26,329 24,054
Peoples Health Trust East 10,639 13,856
Tendring Community Fund 4,000 10,000
Youth Music -LBTM 11,079 13,849
Total 6,859 103,677 110,536 95,916
**----- End of picture text -----**
**We are Music** is a charitable company limited by guarantee. Registered in England 6916641 Registered Charity No. 1130937 Reg. address: 12 Queen Street, Great Oakley, CO12 5AS We are located at Building 4, Main Road, Dovercourt, CO12 4DN Tel: 07907414611 email: chrisscott@we-are-music.org.uk 10 ## **Note 4 – Analysis of expenditure** **----- Start of picture text -----**
Restricted
Unrestricted income Total Prior
funds funds funds year
Analysis £ £
Expenditure on Incurred seeking grants
- - - -
raising funds:
-
Total expenditure on raising funds
Essex Culture & Arts Fund -
18,298
Expenditure on
charitable Essex Community Foundation - 1,471 11,000
activities Youth Music Fund B Music
Connects Us - 17,079
EALC -
2,084
Essex music Hub- 23
6,676 1,956
Operating sessions / concert 1,659 145
National Lottery Community Fund 27,234 15,845
Peoples Health Trust East 13,072 11,804
Tendring Community Fund 8,463 1,570
Youth Music – Lets Break the
Mould 15,812 1,733
Arts Council -Friends of Jaywick
Martello Tower 1,807
Grassroots Music – Arts Council
595
Tendring Shared Prosperity Fund 4,551
TCF 23
1,885
Total expenditure on charitable
1,659 83,651
activities 85,310 79,430
Other Rent & Rates 78
Heat Light 38
Repairs works 2,384
Depreciation 1,229 1,162
Insurance
Accountancy Fees 225
General /travel schools 997 20
Total other expenditure 4,610 4,160 1,523
TOTAL EXPENDITURE 89,470 80,953
**----- End of picture text -----**
Reg. address: 12 Queen Street, Great Oakley, CO12 5AS We are located at Building 4, Main Road, Dovercourt, CO12 4DN **We are Music** is a charitable company limited by guarantee. Registered in England 6916641 Registered Charity No. 1130937 Tel: 07907414611 email: chrisscott@we-are-music.org.uk 11 ## **Note 5 – Fees for examination of the accounts** Independent examiner’s fees |**This year**|**Last year**| |---|---| |
**£**|
**£**| |0|0| ## **Note 6 – Paid employees** All projects and operational support are supported by part-time freelance workers. ## **Note 7 – Tangible fixed assets** ## Cost or valuation |Cost or valuation|| |---|---| |At the beginning of
the year
Additions
Revaluations
Disposals
Transfers
At end of the year|**Freehold**
**land &**
**buildings**
**Other land &**
**buildings**
**Plant,**
**machinery**
**Fixtures,**
**fittings and**
**equipment**
**Total**| ||**£**
**£**
**£**
**£**
**£**| ||-
-
44,202
-
41,942| ||-
-
2,499
-
2,260| ||-
-
-
-
-| ||-
-
-
-
-| ||-
-
-
-
-| ||-
-
46,701
-
44,202| Depreciation |Basis
Rate
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers
At end of the year|Reducing
Balance
Reducing
Balance
Reducing
Balance
Reducing
Balance
Reducing
Balance| |---|---| ||5%
5%| ||| ||-
-
22,118
-
20,956| ||-
-
-
-
-| ||1,229
1,162| ||-
-
-
-
-| ||-
-
-
-
-| ||-
-
23,347
-
22,118| **We are Music** is a charitable company limited by guarantee. Registered in England 6916641 Registered Charity No. 1130937 Reg. address: 12 Queen Street, Great Oakley, CO12 5AS We are located at Building 4, Main Road, Dovercourt, CO12 4DN Tel: 07907414611 email: chrisscott@we-are-music.org.uk 12 ## **Net book value** |**Net book value**|||||||| |---|---|---|---|---|---|---|---| |Net book value at
the beginning of
the year
-
Net book value at
the end of the year
-
**ote 8 - Debtors & prepayments**
Analysis of debtors
Trade debtors
Prepayments and accrued income
Other debtors|-|-|22,383||-|22,084|| ||-|-|23,355||-|22,383|| |||**Total**|||||| ||||||**This year**
**Last year**||| ||||||**£**
**£**||| ||||||100
680||| ||||||-
-||| ||||||-
-||| ||||||100||680| ## **Note 8 - Debtors & prepayments** There are no debtors recoverable in more than 1 year (included in debtors above) ## **Note 9 – Creditors & accruals** |Analysis of creditors
Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Payments received on account for
contracts or performance-related grants
Accruals and deferred income
Taxation and social security
Other creditors
**Total**|Amounts falling due
within oneyear
Amounts falling due after
more than oneyear|Amounts falling due
within oneyear
Amounts falling due after
more than oneyear|Amounts falling due
within oneyear
Amounts falling due after
more than oneyear|Amounts falling due
within oneyear
Amounts falling due after
more than oneyear| |---|---|---|---|---| ||**This year**
**Last year**
**This year**
**Last year**|||| ||**£**
**£**
**£**
**£**|||| ||-
-
-
-|||| ||-
-
-
-|||| ||1,710
2,291
-
-|||| ||-
-
-
-|||| ||-
-
-
-|||| ||-
-
-
-|||| ||-
-
-
-|||| ||1,710|2,291|-|-| ## **Note 10 – Cash at bank and on hand** |Cash at bank and in hand
Cash at bank and on hand
**Total**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---| ||80,469
60,815|| ||80,469|60,815| **We are Music** is a charitable company limited by guarantee. Registered in England 6916641 Registered Charity No. 1130937 Reg. address: 12 Queen Street, Great Oakley, CO12 5AS We are located at Building 4, Main Road, Dovercourt, CO12 4DN Tel: 07907414611 email: chrisscott@we-are-music.org.uk 13 ## **Note 11 – Fair value of assets and liabilities.** The charity has no investments and only cash at bank which is used to pay operational and restricted project costs. We can reduce the scale of the operation to ensure we continue to operate. Most assets were purchased second hand at below market value. We maintain them by regular repairs and servicing provided by volunteer helpers. ## **Note 12 – Charity Funds** * Key: R - restricted income funds of the charity; and U - unrestricted funds **----- Start of picture text -----**
Fund Fund
Purpose and
balances Pre balances
Restrictions
brought period carried
Fund names forward Income spend Spend forward
£
£ £ £ £
Essex Music Education
Hub R Primary school -outreach 4,168 1,603 6,676 0
Essex Community Primary school WAM
Foundation R sessions 4,770 1,472 3,298
National Lottery Community
Fund R Support to WAM Harwich 8,209 26,329 27,235 7,303
Peoples Health Trust East R Saturday Open House 2,052 10,639 13,072 -381
Tendring Community Fund R Get Known sessions 4,000 1,885 2,115
Youth Music – Let’s Break
the Mould R Support to 16-25 talented 12,116 11,079 15,812 7,383
TDC Community Fund WAM Jaywick sessions 8,430 8,462 0
Arts Council -Friends of
Jaywick Martello Tower R WAM Jaywick sessions 9,787 1,807 7,980
EALC R Outreach primary schools 5,000 2,084 2,916
Grassroots Music – Arts Assisting artists into the
Council R industry 25,470 595 24,875
Tendring Shared Prosperity
Fund R WAM15 Festival 5,000 4,551 449
Total Funds 34,975 103,677 83,651 55,950
**----- End of picture text -----**
## **Note 13- Transactions with trustees and related parties** None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity. |**Type of expenses**
**reimbursed**|**Thisyear**|**Last year**| |---|---|---| ||**£**|**£**| |Travel & materials||| One of the trustees (Chris Scott) is related to the Project Leader any work authorised and paid by the Charity to Toby Scott is approved by one of the unrelated trustees. **We are Music** is a charitable company limited by guarantee. Registered in England 6916641 Registered Charity No. 1130937 Reg. address: 12 Queen Street, Great Oakley, CO12 5AS We are located at Building 4, Main Road, Dovercourt, CO12 4DN Tel: 07907414611 email: chrisscott@we-are-music.org.uk CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the tru$teesl members of WE ARE MUSIC LTD On accounts for the year •nded 31 MAY 2024 Charity no Ilf any) 1130937 Sot out on pages 1-13 I report to the trustees on my examinats'on of the ac￿Unts of the above charity (Ihe Trust'} for the year ended 3110512024. Re$ponslbllltle$ gnd As the chanty trustees of the Trust. you are responsible for the preparation basi$ of report of Ihe a¢¢ounts in &cordance with the requirements of the Charitles Act 2011 (Ihe Act'i. I report in respect of my examinats'on of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directs'ons given by the Charity Commission under section 145(5){bl of the Act. I have completed my examinth'on. I c4nfimi that no materid matters have coff* to my attention (other than Ihat disdosed below ') in connection with the examination which gives me cause lo believe that in. any matenal respect.. accounting reo)rd$ were not kept in a(rordance wth section 130 01 the Act or the a(rounts do not accord with the accounting records Independent examiner's 8tstement I have no concems and have come across no other rnatters in connection with the examination to which attention should te drawn in order to enable proper understanding of the acc£)unts to be reached. ' Please delete the worfs in tt)e brackets rfthey do not 8ppIy. Signed: 3010612024 Name: Matthew John So)tt Relevant professlonal , AAT Inlemiediate quallficatlonlsl or body lrfanyl: Address: 18 Vaughan Street. Ipswith, IP2 8DG IER October 2018 Section B Disclosure Only ￿rnplete rf the examiner needs to highlight matters of ￿ncern {see CC32. Independent examination of tharity accounts.. directions and guidance for examiners). Glve here brief details of | any items that the examlner wishes to dlsclose. IER October 2018