COMPANY REGISTRATION NUMBER: 6538523
CHARITY REGISTRATION NUMBER: 1130985
BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
VSP LIMITED
Chartered accountants
2 Deansway
East Finchley
London
N2 OJF

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Trustees' annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
Page
1
4
5
7

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
he trustees, who are also the directors for the purposes of company law, present their report and th
naudited financial statements of the charity for the year ended 31 March 202
Reference and administrative details
Registered charity name
BALUJI MUSIC FOUNDATION LIMITED
Charity registration number
1130985
Company registration number 6538523
Principal office and registered 33 Northolme Road
office
London
N5 2UU
The trustees
Mr Tony Stockman
Mr Mark Henry Swan
Mr Kevin Satizabal Carrascal
(Resigned 24 February 2025)
(Appointed 3 March 2025)
Independent examiner
Mrs JP Patel
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 18 March 2008 and
registered as a charity on 6 August 2009. The company was established under a Memorandum of
Objectives and activities
Main Focus:
- Emphasising the transformative power of music for blind and VI communities.- Expanding the reach
of the Inner Vision Orchestra.
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BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Achievements and performance
Overview of the year's main areas of activity
1. Completion of the Workshop and Busking Project
2. Completion of the Interactions Tour 2024
3. British Museum Takeover
4. Completion of the Live Music Project and Continuation
Completion of the Workshop and Busking Project
The Baluji Music Foundation has successfully concluded its workshop and busking project, funded by
Fight for Sight and partnered with Live Music Now. This innovative initiative saw the creation of 20
workshops by our talented musicians and the Foundation. These engaging sessions were
implemented across 12 schools and community centres, reaching and inspiring approximately 150
and enriching lives through creative expression. Originally allotted to only last until 2024, the original
5 years to continue and expand the project. Completion of the Interactions Tour 2024
Our ambitious Interactions Tour 2024 has come to a triumphant close, marking a significant milestone
for the Baluji Music Foundation. The tour encompassed an impressive 25 shows across the United
Kingdom, showcasing our musicians' talents to diverse audiences nationwide. Performances graced
prestigious venues including the iconic Royal Albert Hall, the historic Middlesbrough Town Hall, the
world-renowned British Museum, and the cultural hub of the Southbank Centre. This tour not only
elevated our protile but also brought our unique musical vision to a broader audience. British Museum
Takeover was a unique event where The Baluji Music Foundation orchestrated a remarkable full-day at
the British Museum, creating a vibrant tapestry of music and culture. Thirteen talented musicians from
the Inner Vision Orchestra brought their artistry to life, performing in seven culturally-themed galleries
throughout the museum. The day culminated in a grand performance in the Great Hall, captivating
visitors with a a diverse range of musical styles and traditions. This cultural takeover attracted an
impressive audience of approximately 7,000 visitors, highlighting the power of music to bridge cultural
divides and engage the public in new and exciting ways.
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08/12/2025, 12:01
Inbox - Linda Shanson - Outlook
BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Financial review
Financial review
The charity has attracted more funding and support the bulk of which has been pledged to cover the
next five years. The charity, with the aid of sound financial management and the support of both its
staff and volunteers generated a positive outcome for the period.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees' annual report was approved on 2 December 2025 and signed on behalf of the board of
trustees by:
Mr Mark Henry Swan
Trustee
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BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of BALUJI MUSIC
FOUNDATION LIMITED
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of BALUJI MUSIC
FOUNDATION LIMITED ('the charity') for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements 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
the charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 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.
Independent examiner's statement
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:
1.
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act; or
2.
the financial statements do not accord with those records; or
not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Mrs JP Patel
Independent Examiner
VSP Limited
Chartered Accountants
2 Deansway
London
N2 OJF
4

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Unrestricted
funds Total funds
Note
Income and endowments
Donations and legacies
Other income
Total income
Expenditure
Expenditure on charitable activities
Other expenditure
Total expenditure
Net income/(expenditure) and net movement in funds
32,490
11,229
43,719
18,809
18,612
37,421
6,298
32,490
11,229
43,719
183802
37,421
6,298
Reconciliation of funds
Total funds brought forward
Total funds carried forward
28,997
35,295
28,997
35,295
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
2024
Total funds
39,726
12,264
51,990
31,361
23,763
55,124
(3,134)
32,131
28,997
The notes on pages 7 to 13 form part of these financial statements.
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08/12/2025, 12:02
Inbox - Linda Shanson - Outlook
BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
Fixed assets
Tangible fixed assets
Cust at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total assets less current liabilities
Net assets
Note
12
13
2025
261
36,673
1,639
35,034
35.295
35,295
2024
350
34,661
6.014
28,647
28,997
28,997
Funds of the charity
Unrestricted funds
Total charity funds
35,295
14
35,295
28,997
28,997
or the year ending 31 March 2025 the charity was entitled to exemption from audit under section 47
f the Companies Act 2006 relating to small companie:
Directors' responsibilities:
• Tear mubets an anot raced the cotion 7 to obtain an audit f is financial statements for the
These financial
statements have been prepared in accordance with the provisions applicable t
companies subject to the small companies' regime
These financial statements were approved by the board of trustees and authorised for issue on 2
December 2025, and are signed on behalf of the board by:
Mr Mark Henry Swan
Trustee
The notes on pages 7 to 13 form part of these financial statements.
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BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is 33 Northolme Road, London, N5 2UU.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
3.
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
he preparation t statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Foreign currencies
or losses being taken to the statement of financial activities.
7

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3.
Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
• legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
8

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3.
Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates:
•
•
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
Equipment
:
25% reducing balance
25% straight line
Impairment of fixed assets
9

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3.
Accounting policies (continued)
Impairment of fixed assets (continued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cash
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of the
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
4.
Limited by guarantee
The liability of each member is limited to £1.
5.
Donations and legacies
Donations
Donations
Grants
Grants receivable
Unrestricted Total Funds Unrestricted Total Funds
Funds
€
Funds
2024
350
350
-
-
32,140
32,490
32,140
32,490
39,726
39,726
39,726
39,726
6. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
Funds
2024
Performance fees
11,229
11,229
12,264
12,264
7.
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
€
2024
Musician Fees
Workshop Fees
Filming Costs
Public Relations
10,031
10,031
21,773
21,773
1,800
1,800
2,144
2,144
317
317
6,204
6,204
6,661
6,661
1,240
1,240
18,809
18,809
31,361
31,361
10

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
8. Expenditure on charitable activities by activity type
Musician Fees
Workshop Fees
Filming Costs
Public Relations
Note: This year activity type is the same as fund type.
9. Other expenditure
Activities
undertaken Total funds
directly
2025
€
10,031
1,800
10,031
1,800
317
317
6,661
6,661
18,809
18,809
Total fund
2024
21,773
6,204
1,240
31,361
Website costs
Insurance
Administration costs
Travel
Accountancy fees
General expenses
Depreciation tangible assets
Advertising
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
€
Funds
2024
557
557
200
200
1,783
1,783
433
433
11,160
11,160
12,162
12,162
1,703
1,680
1,703
7,233
1,680
1,680
7,233
1,680
1,276
89
1,276
1,447
1,447
89
116
364
364
492
492
18,612
18,612
23,763
23,763
10. Independent examination fees
2025
€
2024
Free able head one nail statements
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
12. Tangible fixed assets
Cost
At 1 April 2024 and 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
13. Creditors: amounts falling due within one year
Accruals and deferred income
14. Analysis of charitable funds
Unrestricted funds
General funds
General funds
At
1 April 2024
28,997
At
1 April 2023
32,131
Fixtures and
fittings
444
443
=
443
1
Equipment
1,059
710
89
799
260
349
Total
€
1,503
1,153
89
1,242
261
350
2025
1,639
2024
6,014
At
31 March 202
Income Expenditure
5
43,719
(37,421)
35,295
31 March 202
Income Expenditure
51,990
(55,124)
28,997
12

BALUJI MUSIC FOUNDATION LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
15. Analysis of net assets between funds
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
Unrestricted Total Funds
Funds
2025
€
261
261
36,673
36,673
(1,639)
(1,639)
35,295
35,295
Unrestricted
Total Funds
Funds
2024
350
350
34,661
34,661
(6,014)
(6,014)
28,997
28,997
13