CHANGING
TUNES
Report and Financial Statements
of Changing Tunes
For the year ended 31 December 2024
Charity No. 1144789
Company No. 07791242

CHANGING TUNES
FINANCIAL STATEMENTS
YEAR ENDING 31 DECEMBER 2024
Contents
Page
Reference and administrative information
Trustees, Annual Report
Independent Examiner's Report
io
Statement of Financial Activities
li
Balance Sheet
12
Statement of Cash Flows
13
Notes to the Financial Statements
14-25

CHANGING TUNES
REFERENCE AND ADMINISTRATIVE INFORMATION
YEAR ENDING 31 DECEMBER 2024
Charity No.
1144789
Company No.
07791242
Registered office:
Burton Sweet Limited, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax
Bourton, Bristol BS48 IUR
Ambassador
Jonathan James
Founder and Patron
Dr Richard Pendlebury FRSA MBE DL
Trustees
Andrew Wood Bsc ACA
Richard Sayer BA Hons, Bsocsci Hons
Paula Harriott
Suzy Oymond-white {Chairperson)
Giulia Balzan {Appointed 30101/2024)
HHJ Michael Cullum
James Rimmer MSC Bsc
James Thorne
Cameron Harper
Key management personnel
Chief Executive
Musical Director
Fundraising Manager
Office Manager
David Jones
Gareth Hamer
Rea Mole
Lindsay Sellors-moore
Independent Examiner
Joshua Kingston BSC. ACA, Burton Sweet Limited, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax
Bourton, Bristol BS48 IUR
Bankers
Lloyds TSB, 317 Gloucester Road, Bristol, BS7 8PG
Virgin Bank, Jubilee House, Gosforth, NE3 4PL
Office: PO Box 2646, Bristol, BS6 9BU
Telephone: 0844 414 60831 Email: info@changingtunes.org.uk | Website: www.changingtunes.org.uk

CHANGING TUNES
TRUSTEES, ANNUAL REPORT
YEAR ENDING 31 DECEMBER 2024
The Trustees present their report and the financial statements which have been independently examined for
the year ended 31 December 2024.
Structure, governance, and management
Charitable Status
Changing Tunes is a company limited by guarantee {number 07791242} which was incorporated on 29
September 2011. It attained registered charity status with the Charity Commission of England and Wales
(number 11447891 on 24 November 2011.
This charity was set up to take over the activities of an existing unincorporated charity of the same name,
which was founded in 1997 as part of the work of the Bristol Chaplaincy. established as an Association with
a Constitution on 2 February 2000, and granted charitable status on 2 March 2000 {charity number 10796731.
As such, the assets and funds of the unincorporated charity were donated to this charity on 31 December
2011. The Memorandum and Articles were amended on the 23 October 2024.
The Charitable Objects
The object for which the Charity is established is as follows-
The advancement of education in music and the performing arts to:
a) offenders and ex-offenders with a view to aiding and furthering their rehabilitation;
b) people at risk of offendingi particularly but not exclusively young people who may be drawn into
committing crime as a result of deprivation, adverse childhood experiences, neurodiversity or other
adverse conditions of life.
The majority of the work of the charity continues to focus on working with people inside prison or post
release. However, the change of charitable objects reflects a growing need and ambition to work
preventatively to stem the flow of young people experiencing school exclusion entering the Criminal Justice
System.
Trustees
The charity's trustees meet at least fourtimes a yearto discuss and review the progress and development of
the charity, and are kept up-to-date, between meetings, by email. Where a requirement for a new trustee
is identified, suitable individuals are identified and approved and appointed by the remaining trustees. The
Chairperson of Trustees is responsible for the induction of any new trustee. New trustees have to gain an
awareness of trustees, responsibilities, the governing document, administrative procedures, and the history
and philosophy of the charity.
The board is fortunate in being well represented in many areas and skillsets and new appointments to the
board are always made to address gaps or to add skillsets and experience to those not already represented.
Trustees will take advice from advisors, but also through the trustees, own professional networks, when
these are of use.

CHANGING TUNES
TRUSTEES, ANNUAL REPORT
YEAR ENDING 31 DECEMBER 2024
Dele
ation to Mana
ement
The charity trustees delegate the responsibility of running the charity, day-to-day, to the Chief Executive
and his senior management team. However, matters like annual pay reviews and areas of new activity, are
put forward to trustee meetings, debated, and approved.
Risk Management
The trustees have reviewed the major risks, and consider these major risks at each of its meetings during the
course of the year, and there are systems in place to manage those risks. In addition, the board can be
convened at any point, if a major issue is highlighted by the CEO to the Chair of Trustees.
The top 5 risks as identified in the Risk Matrix are:
Unscheduled departure of key personnel namely CEO and Fundraising manager
Failure to adhere to prison regulations
Change in political approach to prison-based funding
Scandal associated with a prisoner or ex-prisoner with whom ChanginE Tunes has worked
Injury to staff member
All of the above risks as well as those listed in the Matrix have been considered with controls and mitigating
factors put in place.
Inevitably continued funding, to ensure continuation of services and employment is a constant challenge,
but the trustees review quarterly management accounts, a re-forecast for the year, as needed, and
fundraising applications and successes, at each of its trustee meetings.

CHANGING TUNES
TRUSTEES, ANNUAL REPORT
YEAR ENDING 31 DECEMBER 2024
With Thanks
We would like to thank all those who have supported the Charity this year including:
Armourers & Brasiers, Gauntlet Trust
Aurum Charitable Trust
Austin Bailey Foundation
Bromley Trust
Burden Trust
CB & HH Taylor 1984 Trust
Charlotte Bonham Carter Charitable Trust
Edward and Dorothy Cadbury Trust
Fanny Hugill Trust
Finzi Trust
Fitton Trust
Fulmer Charitable Trust
Garfield Weston Foundation
Garrod Family Charitable Trust
George Henry Collins Award
GJW Turner Trust
Gloucestershire Community Foundation
Goldcrest Charitable Trust
Grantham Yorke Trust
Greene Settlement
Harrison-Frank Family Foundation
Henry Smith Charity
Hoddell Charitable Trust
Jerusalem Trust
John James Bristol Foundation
John Thaw Foundation
Joyce Fletcher Charitable Trust
Langtree Trust
Lloyds Bank Foundation for England and Wales
Lord Austin Trust
MacFarlane Walker Charitable Trust
Music for All
National Lottery Reaching Communities Fund
Nisbet Trust
Noel Buxton Trust
Norman Family Trust
Parivar Trust
Patrick Trust
Quartet Community Foundation
Samuel Gardner Memorial Trust
Sir John and Lady Heathcoat Amory's Charitable
Trust
SJP Foundation
Souter Trust
Swire Charitable
The Bristol 500
The Grimmitt Trust
The John and Susan Bowers Fund
The Lightbulb Trust
Three Oaks Trust
Valentine Charitable Trust
We are also grateful to every individual who donated to Changing Tunes

CHANGING TUNES
TRUSTEES, ANNUAL REPORT
YEAR ENDING 31 DECEMBER 2024
Chairperson's report
l am privileged to have taken over the role of Chairperson of Changing Tunes Board of Trustees; an
organisation that I have known and admired for many years. CEO David Jones continues to ensure it thrives
in the increasingly complex external economic and political environment. His courageous and insightful
leadership is ensuring development opportunities and a secure future.
The financial position has been generally strong but was adversely affected by a freeze in the dynamic
purchasing budgets of prisons post-election. Our CEO has done impressive work on managing this to limit the
impact and the future looks positive. Much energy has been put into securing funding to ensure
sustainability. 6 places have been secured in the London Marathon from 2026 onwards for 4 years which will
raise funding as well as being good publicity.
Staff and Trustee development and protection have been improved on with Safeguarding and Anti-
corruption training taking place as well as a staff day run by the Becoming an Anti-Racist Organisation
Steering Group. The restructure that implemented Project Leads is proving successful and allowing the CEO
more strategic opportunity. The Charitable Objectives were broadened to encompass early intervention work
which gives wider delivery options.
The creative output is as strong as ever with a strong presence in prisons, other institutions and the
community bringing our offer to a wide range of beneficiaries. Concerts have taken place in Bristol and
Solihull as well as a Bristol High Sheriff concert, an active part in a funeral/memorial service in prison and the
Creative Communities Summer Show. The Koestler Awards reflected the quality of the outputs with 6 Gold,
7 Silver, 15 Bronze, 16 Highly Commended, 31 Commended and 2 Under 25 Special Awards.
I must praise the team of staff and volunteers for their loyalty and commitment and the recipients of our
work for their engagement and positive feedback on how Changing Tunes impacts their lives. The strong
team ethos is maintained despite the necessary disparate way of working and this is testament to the
inclusive style of leadership of the CEO and the credibility of the organisation.
Suzy Dymond-white
Chairperson of Trustees
Statement of public benefit
The trustees have complied with their legal duty under the Charities Act to have regard to the public benefit
guidance published by the Charity Commission.

CHANGING TUNES
TRUSTEES, ANNUAL REPORT
YEAR ENDING 31 DECEMBER 2024
Chief Executive's Report
We began our year by restructuring our leadership responding to growth and the increasing range of our
activities. The internally recruited Project Leads nowoversee different areas of ourwork.. Preventative/Young
people, Prisons and Post release/Advocacy. We are hopeful that this addition of a new leadership capacity
and specialisation will enable Changing Tunes to adapt to the changing climate we work in.
From a delivery perspective the organisation has had a very good year, working with more people than ever
before, both in prison and in the community. We have focussed on developing our preventative work under
the banner of Young Voices as well as diversifying our post-release offering to better target different groups
of people with lived experience of prison. This deepening of our work has been accompanied by a deepening
of our knowledge and expertise in working in a Trauma aware way, something we are committed to ongoing.
A pilot of working with young people on the edge of permanent exclusion has proved once again that our
model is highly effective at engagement and building trusting relationships. The work led to the exploration
of themes such as bullying, knife crime, abuse and otherfactors affectingyoung people's behaviour in school.
We are extremely pleased that this pilot has now been funded to be rolled out across the year in 2025.
Our collaboration with the Bristol Drugs Project to support participants with Drugs and Alcohol usage has
proved to be increasingly popular. Participants have progressed to performing at concerts and writing their
own material. Alongside this our Women's only sessions have created a safe space for participants to express
themselves as they re-enter society.
Financially the organisation ends the year in good shape allocating surpluses to our reserves in line with our
Reserves Policy. In addition, during the year we have invested in new equipment and IT to support the
monitoring and evaluation of our work. The IT project also takes us closer to being Cyber Essentials
accredited.
Achievements and Performance
As part of our work we undertake bespoke monitoring and evaluation. Below are the participant outcomes
for 2024 which we are extremely proud of:
94% gained self-esteem since working with us
930A developed self-confidence since working with us
860A felt more hopeful about their future since working with us
910A felt more able to achieve their goals since working with us
810A aligned with a positive identity since working with us
96% felt part of something positive since working with us
88% stated they had found healthy relationships through working with us
960A stated they now use music to help with their mental health since working with us
940A feel that m usic is a positive force in their lives since working with us
Our participant reoffending rate over the past three years is <5%.
The reoffending rate for England and Wales is currently at 48% within one year of release.

CHANGING TUNES
TRUSTEES, ANNUAL REPORT
YEAR ENDING 31 DECEMBER 2024
Outputs of 2024:
Group music sessions delivered
Participants worked with
Audience numbers
Recordings sessions
Koestler Awards received
2,391
755
3,824
293
79
Fundraising and Communications
The closure of HMP Dartmoor and the termination of our contract there was unfortunate. The loss of a
contract at HMP Channing's Wood prison reduced our prison income from the projected amount however
atjust under £320,000 it was still the highest amount it has ever been and results in a 5 years of year on year
growth.
Thankfully, where Prison contract income tailed off at the end of the year grant income continued to deliver
with our Fundraising Manager surpassing the years income target. We are particularly pleased with the
number and size of our multi-year grants that have come in in the year. Funders are seeing the benefit and
effectiveness of our work. There is also significant interest in new projects that we are developing.
The following quote epitomi5es our work and the difference it makes to individuals:
"Changing Tunes has been the best thing I've done, since being in prison for 18 years.
If I'd had this course when I was young, I would never have been to jail. I've completely
changed my behaviour since starting Changing Tunes. Before, I was the worst prisoner
in the jail- down the bloc every week, assaulting staff etc. My work in Changing Tunes
hos been the biggest part of my rehobilitotion and influenced my porole positively. I've
been staying out of trouble and turned everything around. I stay busy all week writing
for the sessions and avoid situotions where I would have previously been involved in
violence. As an IPP I moy never have got out without Changing Tunes.-
Financial Review
Income in 2024 was £792,198, compared to £627,471 in 2023, of which 80Yo was unrestricted funds and
expenditure was £641,724. This resulted in a significant surplus of £150,474.
Unrestricted funds at the year-end stood at E361,169. The reserves policy of the charity prescribes
maintaining a balance of six months, expenditure. This equates to reserves of £320,862 and, at the year-
end, free reserves were £353,206 which is for the first time in excess of our current policy. No funds,
whether restricted or unrestricted, were in deficit at the year-end.
The change of Government in 2024 has resulted in departmental spending reviews and budgetary cuts for
the MOJ and individual prisons. As such Changing Tunes has seen a reduction in contracted prison income
in the first quarter of 2025. A Management of Change has been undertaken to reduce our associated
outgoings and we are confident of continuing to be sustainable going forward.

CHANGING TUNES
TRUSTEES, ANNUAL REPORT
YEAR ENDING 31 DECEMBER 2024
Plans for the next 12 months
The financial contractions that we have experienced at the start of 2025 mean that much of this coming
year will be focussed on adapting to reduced contractual income. We are confident in our sustainability and
have good systems and competent leaders to see us through this potentially difficult year.
Despite these challenges we expect to be able to continue to in 21+ settings delivering upwards of 33 days
week of rehabilitative music provision. Alongside this we aim to:
Enlarge our preventative and early intervention work, diverting vulnerable young people away from
the paths to Prison.
Develop interventions to the support the emerging agenda around alternatives to Prisons
Increase the numbers of prisons where we offer our services.
Statement of Trustees, responsibilities
The trustees (who are also directors of Changing Tunes for the purposes of company law} are responsible for
preparing the Trustees, Report (incorporating the strategic report and directors, report) and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the income and expenditure, of the
charitable company for that period. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Signed by order of the Trustees
Suzy Dymond-white, Chairperson
Date.. 22 April 2025

CHANGING TUNES
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF CHANGING TUNES
YEAR ENDING 31 DECEMBER 2024
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31
December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company land 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
20061'the 2006 ACYI.
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 20111'the 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 14515) {bl of the
2011 Act.
Independent examinerfs statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bodies.
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:
accounting records were not kept in respect of the Company as required by section 386 of the 2006
Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practicefor 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 IFRS 1021.
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.
Joshua Kingston BSC. ACA
Burton Sweet Limited
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS48 IUR
Date: 22 April 2025
io

CHANGING TUNES
STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 DECEMBER 2024
Unrestrirted Restricted
Funds
Funds
Total Funds
2024
Total Funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Prison Post-Release Work
Other trading activities
Investment income
308,548
156,398
464,946
427,632
319.839
2,003
5,410
319,839
2,003
5,410
195,784
2,719
1,336
Total income
635.800
156.398
792,198
627,471
Expenditure on:
Raising funds
Charitable activities
60,385
413,231
60,385
581,339
59,189
502,690
168,108
Total expenditure
473,616
168,108
641,724
561,879
Net Income / lexpenditure) and net
movement in funds
162,184
(11,7101
150,474
65,592
Total funds at Start of year
16
198,985
86,585
285,570
219,978
Total funds at end of year
16
361.169
74.875
436,044
285,570
The Charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 14 to 25 form part of these financial statements
See note 10 for fund-accounting comparative figures
li

CHANGING TUNES
BALANCE SHEET
AS AT 31 DECEMBER 2024
Company number: 07791242
2024
2023
Note
Fixed assets
Tangible assets
li
7,963
4,494
Current assets
Debtors
Cash at bank and in hand
12
59,427
380,247
41,428
256,154
439,674
297,582
Liabilitie5
Creditors amounts falling
due within one year
13
{11,593}
{16,5061
Net current assets
428,081
281,076
Total net assets
436,044
285,570
FUNDS
Unre5trirted funds
General funds
Designated funds
Restricted funds
17
353.206
7.963
74.875
194,491
4,494
86,585
17
17
Total funds
436.044
285,570
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in
accordance with section 476.
The directors acknowledge their responsibilities for complying with requirements of the Act with respect to
accounting records and the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the
small companies, regime.
The financial statements were approved by the trustees on
22 April 2025
and signed on their behalf by:
Suzy Dymond-white
Chairperson of Trustees
The notes on pages 14 to 25 form part of these financial statements
12

CHANGING TUNES
CASH FLOW STATEMENT
YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Net cash inflow l (outflow) from operating
activities
14
126,640
54,193
Non-operational cash flow5:
Investing activities
Fixed asset additions
Investment income
17,9571
5,410
12,3331
1,336
12,547}
19971
Net cash inflow / (outflow) for the year
15
124.093
53,196
Cashflow Restrirtions
Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash
outflows on any fund outside its own objects, except on special authority. In practice, this restriction has not
had any effect on cash flows for the year.
The notes on pages 14 to 25 form part of these financial statements
13

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
l Accounting policies
Accounting convention
The financial statements have been prepared in accordance with the historical cost convention (except
where otherwise stated in the accounting policy note) and in accordance with the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October
2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS
1021, and the Companies Act 2006.
The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no
material uncertainties affecting the ability of the charity to continue as a going concern.
Income
Income from donations is included in income when these are receivable, except as follows:
l. When donors specify that donations given to the charity must be used in future accounting periods, the
income is deferred until those periods-
11. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use
such income, the income is deferred until the pre-conditions have been met.
Investment income is included on a receivable basis.
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 settlement will be required and the amount of the obligation
can be measured reliably. Expenditure is accounted for on an accrual basis, inclusive of any VAT which
cannot be recovered.
Roisingfunds
Raising funds expenditure include those costs incurred in seeking voluntary contributions. costs of goods
sold and other costs which include the costs of running and participating in fundraising events and
collections and cost of goods purchased for resale.
Charitable Activitie5
Expenditure on charitable activities comprises those costs incurred by the Charity in the delivery of its
activities and services. It includes both costs that can be allocated directly to this activity and those costs of
an indirect nature necessary to support them.
Support cost5 and other costs that cannot be directly attributed to activities are allocated on a basis
consistent with the use of the resource.
Governance c05t5
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include the audit fees and costs linked to the strategic management of the
charity. Governance costs are included within support costs.
14

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
l Accounting policies (continued)
Tangible fixed assets
Fixed assets are stated at cost with purchases of £500 or greater being capitalised. Depreciation is calculated
so as to write off the cost of fixed assets over the useful life as follows-
Music equipment
Office equipment
25% reducing balance
25% straight line
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Bank
Cash at bank and cash in hand includes cash and short term highly liquid investments with short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing
for any trade discounts due.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds form part of unrestricted funds and have been identified as being for particular purposes
by the Trustees. They are not restricted and can be transferred to general funds at any time 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.
Further explanation of the nature and purpose of each fund is included in note 16 of the financial
statements.
15

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
2 Income from: Donations and legacies
Unrestricted Restricted
Funds
Fund5
Total Funds
2024
Individual gifts
Church gifts
Grants received
45,931
3,771
258,846
556
46,487
3,771
414,688
(Note 31
155,842
308,548
156,398
464,946
Prior year comparative
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Restated
Individual gift5
Church gifts
Grants received
41.467
4.175
235.199
41,467
4,175
381.990
{Note 31
146.791
280.841
146,791
427,632
3 Grants received
2024
2023
A B Charitable Trust
Aurum Charitable Trust
Garfield Weston Foundation
Harrison-Frank Family Foundation
Henry Smith Charitable Trust
John James Foundation
Lightbulb Trust
Lloyds Bank Foundation
NL Community Fund
SJP Foundation
Swire Charitable Trust
The Anchor Foundation
The Bromley Trust
The Burden Trust
The Jerusalem Trust
The N isbet Charitable Trust
The Valentine Charitable Trust
Youth Music
22,000
20,000
25,000
40,000
31,350
10,000
30,000
25,000
56,351
10,000
20,000
20,000
42,450
30,000
26,305
54,710
10,000
10,800
10,000
12,500
13,000
20,000
15,000
10,000
20,000
10,000
28,025
Grants under £IOk
71,987
102,200
414,688
381,990
16

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
4 Expenditure on: Raising funds
Total
2024
Total
2023
Fundraising staff costs
Travel costs
Website costs
Other costs
53,109
600
3,676
3,000
50,394
444
8,351
60,385
59,189
Current and prior year all represented by unrestricted funds.
5 Expenditure on: Charitable activities
Support
Costs
(Note 6)
Total
2024
Direct Costs
Prison Post-Release Work
418,676
162,663
581,339
418,676
162,663
581,339
Support
Costs
(Note 6)
Total
2023
Direct Costs
Prison Post-Release Work
351,175
151,515
502,690
351.175
151,515
502,690
17

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
6 Support Costs
Total
2024
Total
2023
Management & admin costs
101,342
92,060
Equipment
Travel and subsistence
Training
Merchandise costs
Office costs
Recruitment
Accountancy fees
Publication and printing
Professional fees
Depreciation
Loss on disposal of fixed assets
Governance costs."
Independent examiner's fees
109
4,032
145
3,533
2,820
180
26,633
1,847
2,367
6,319
9,651
2,311
152
27,626
1,384
2,652
3,793
13,312
4,035
453
3,780
3,642
162,663
151,515
7 Net income / (expenditure) for the year
2024
2023
This is stated after charging-
Independent examiner's fee-
- for independent examination
- for accounts preparation
1,710
2,070
4,035
453
1,638
2,004
2,311
152
Depreciation
Loss on disposal of fixed assets
The total Trustees, expenses paid during the year was £Nil12023: £Nil). No Trustee received any
remuneration during the current or previous year.
Aggregate donations from Trustees, key management personnel, and other related parties in the year was
£4,175 {2023: £4,755).
18

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
8 Staff costs and numbers
2024
2023
The aggregate payroll costs were:
Wages & salaries
Social security costs
Pension contributions
475,656
35,342
14,828
415,244
29,561
12,247
525,826
457,052
The average weekly number of employees based on headcount during the year was 2712023: 251. One
employee12023: None) received emoluments of more than £60,000.
The key management personnel comprise of the Trustees, the Chief Executive Officer, the Musical Director,
Fundraising Manager and the Office Manager. The total employee benefits of the key management
personnel were £172,955 {2023: £160.057).
9 Taxation
The charity is exempt from corporation tax on its charitable activities.
10 Statement of Financial Activities comparative figures
For the year ended 31 December 2023
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Income from:
Donations and legacies
Charitable activities
Prison Post-Release Work
Other trading activities
Investment income
280.841
146.791
427.632
195,784
2,719
1,336
195,784
2,719
1,336
Total income
480.680
146,791
627,471
Expenditure on:
Raising funds
Charitable activities
59.189
344.285
59,189
502,690
158,405
Total expenditure
403.474
158,405
561,879
Net income / (expenditure) for the year
and net movement in funds
77,206
111,614)
65,592
Total funds at start of year
121.779
98.199
219.978
Total funds at end of year
198,985
86,585
285,570
19

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
11 Tangible fixed assets
Office
Equipment
Musical
Equipment
Total
Cost or valuation
At l January 2024
Additions
Disposals
5,609
5,125
{4.050)
4,971
2,832
(1,909)
10,580
7,957
15,9591
At 31 December 2024
6.684
5,894
12,578
Depreciation
At l January 2024
Charge for the year
Disposals
3.687
2.684
14.050}
2,399
1.351
(1,456)
6,086
4,035
15,5061
At 31 December 2024
2.321
2,294
4.615
Net book value
At 31 December 2024
4,363
3,600
7,963
At 31 December 2023
1,922
2,572
4,494
12 Debtors
2024
2023
Due in less than one year:
Trade debtors
Prepayments and accrued income
Other debtors
34,967
22,705
1,755
7,100
31,141
3,187
59,427
41,428
13 Creditors: amounts falling due within one year
2024
2023
Other creditors
Accruals and deferred income
3,299
8,294
2,410
14,096
11.593
16,506
20

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
14 Reconciliation of net movement in funds to net cash inflow from operating activities
2024
2023
Statement of Financial Activities- Net movement in funds
150,474
65,592
Investment income
Depreciation
Ilncrease) / Decrease in debtors
(Decrease) / Increase in creditors.. current liabilities
(Gains) / Losses from sale of fixed assets
15,410}
4,035
(17,999}
14,9131
453
11,3361
2,311
{22,6091
10,083
152
Net cash inflow / loufflow) from operating activities
126.640
54,193
15 Analysis of changes in cash duringthe year
2024
2023
Change
Cash at bank and in hand
380.247
256.154
124,093
2023
2022
Change
Cash at bank and in hand
256,154
202,958
53,196
21

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
16 Movement in funds
For the year ended 31 December 2024
Atljan
2024
At 31 Dec
2024
Income
Expenditure
Transfer5
Restricted funds
Anchor FoundationnFN
Erlestoke
Harrison-Frank
Lightbulb Trust
Nisbet
NL- Community Fund
Sheriff of Gloucester
SJP Foundation
Small Trusts
Small trusts/Young Voices
Swire
Valentines/ Guy Marsh
Youth Music/RTR YA
4,559
14,559}
(3.758}
(14.0001
(14.0821
12.074}
(64.4021
(1.449}
(10.0001
(17.2681
(12.2001
16.658}
{5,513}
(12.145}
3.758
14.000
21.000
14.000
41.424
8,758
15,676
11,926
5,324
551
28,302
10.000
10.876
18.340
14.000
22,563
16,171
6,140
7,342
5,963
5,782
4.476
17.927
86.585
156,398
1168,1081
74,875
Unrestricted funds
General funds
Designated funds
194.491
4.494
635.800
(469.5811
14.035}
(7,504)
7.504
353,206
7,963
198,985
635,800
1473,6161
361,169
Total funds
285,570
792,198
1641,7241
436,044
Designated Funds
These funds represent the net book value of fixed assets held by the Charity.
22

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
16 Movement in funds (continued)
For the year ended 31 December 2023
Atljan
2023
At 31 Dec
2023
Restated
Income
Expenditure
Transfers
Restricted funds
1772 Charity
Anchor FoundationnFN
Charles Hayward/Young Voices
Erlestoke
John James
Lightbulb Trust
NL- Community Fund
Rayne Foundation
SJP Foundation
Small Trusts
Swire
Valentines/ Guy Marsh
Walter Guiness/ Erlestoke
Weaver5/Drake Hall
Youth Music/RTR YA
15,170
(15,170)
(3.001}
(13.767}
{245}
{4.283}
(12.2421
(18.2011
15.7341
17.000}
{50.6641
(16.5781
16.0391
12,450}
11,3401
{1.6911
7.560
4.559
13.767
245
4.283
21.0(X)
46.503
8,758
28,302
5.734
7.000
44.410
28.817
16.578
10.515
1.750
1.340
22,563
4,476
700
19.618
17,927
98,199
146.791
1158.4051
86,585
Unrestricted funds
General funds
Designated funds
117.155
4,624
480.680
(401,1631
12,311}
(2,181)
2,181
194,491
4,494
121.779
480.680
1403.4741
198,985
Total funds
219,978
627,471
1561,8791
285,570
Restricted Fund Descri
tions
1772 Charity
These funds are for the Tuning in with women project.
Anchor FoundationnFN
These funds were given for rehabilitative music work at Eastwood Park women's prison.
Charles Hayward/Young Voices
These funds were given for music rehabilitation work with young people who are in the criminal justice
system, or at risk of entering it.
23

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
16 Movement in funds (continued)
Erlestoke
These funds were given towards the charity's work in HMP Erlestoke.
Harrison-Frank
These funds are for sa13ries to support group music making with prisoners and ex-prisoners.
John James
These funds are for Vinney Green and PRU work with young people.
Lightbulb Trust
These funds were given for music rehabilitation work with young people who are in the criminal justice
system, or at risk of entering it.
Nisbet
These funds are for the rehabiliation programme at Vinney Green and St Matthias.
NL- Community Fund
These funds were given to help the development of women with lived experience.
Rayne Foundation
These funds were given to research and develop a music rehabilitation programme for Secure Children's
Homes.
Sheriff of Gloucester
These funds were given to support our work at Vinney Green Secure Unit.
SJP Foundation
These funds were given for rehabilitative music work with young people who are in the criminal justice
system, or are at risk of entering it.
Small Trusts
These funds represent lots of smaller amounts given towards a particular aspect of the charity's work. The
majority of the funds represent grants given for work in a specified prison.
Small trusts/Young Voices
These funds were given for rehabilitative music work with young people who are in the criminal justice
system, or are at risk of entering it.
Swire
These funds were given to support the Young Voices project.
Valentine51 Guy Marsh
Funding received for prison work in Dorset (Guy's Marsh).
Walter Guiness/ Erlestoke
The funds were given to support our work at HMP Elestoke.
Weavers/Drake Hall
These funds were given for the provision of a musician in residence in Drake Hall.
Youth Music/RTR YA
These funds were given for work with 18-25 year olds by Red Tangent Records.
24

CHANGING TUNES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
17 Analysis of net assets between fund5
Unrestricted Unrestricted
Designated
General
Funds
Funds
Restricted
Funds
Total
As at 31 December 2024
Tangible fixed assets
Other net assets
7,963
7,963
428,081
74,875
353,206
74.875
7.963
353,206
436,044
Unrestricted Unrestricted
Designated
General
Funds
Funds
Restricted
Funds
Total
As at 31 December 2023
Tangible fixed assets
Other net assets
4,494
4,494
281,076
86,585
194,491
86,585
4,494
194,491
285,570
18 Related party transactions
There are no transaction5 Wlth trustees or other related parties other than those disclosed a5 required by
the SORP elsewhere in the financial statements.
25