**REGISTERED COMPANY NUMBER: 07719125 (England and Wales) REGISTERED CHARITY NUMBER: 1146228** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** **FOR NATHAN TIMOTHY FOUNDATION LTD** **Focal Business Group Limited 4A Church Street Market Harborough Leicestershire LE16 7AA** ## **NATHAN TIMOTHY FOUNDATION LTD** ## **CONTENTS OF THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 JULY 2024** |Report of the Trustees|Pages 3-11| |---|---| |Independent Examiner's Report|Pages 12-13| |Statement of Financial Activities|Page 14| |Balance Sheet|Pages 15-16| |Notes to the Financial Statements|Pages 17-23| |Detailed Statement of Financial Activities|Pages 24-25| ## **NATHAN TIMOTHY FOUNDATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 07719125 (England and Wales) ## **Registered Charity number** 1146228 ## **Registered office** 7 Reservoir Close Greenhithe Kent DA9 9BX ## **Trustees** M P Buckley M Lewis P J Rhodes ## **Company Secretary** ## **Independent examiner** Focal Business Group Limited 4a Church Street, Market Harborough, Leicestershire, LE16 7AA ## **NATHAN TIMOTHY FOUNDATION LTD** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The trustees and directors who served during the year to 31 July 2023 were as follows: Mr Melvyn Lewis Mr Peter Rhodes Mr Mark Buckley The Trustees of the Nathan Timothy Foundation - The Songwriting Charity (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with financial statements of the Nathan Timothy Foundation - The Songwriting Charity (the charity) for the year ended 31 July 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005. The company is constituted under a Memorandum of Association and is a registered charity number 1146228. The charity is constituted as a company limited by guarantee and is therefore governed by its memorandum and articles of association. Legal responsibility for the management and stewardship of the Charity is vested in the Board of Trustees. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Method of appointment or election of trustees** The management of the charity is the responsibility of the Trustees who are elected and under the terms of the Articles of Association. Potential trustees are identified by various methods: - i. Networking opportunities may yield interested individuals. - ii. If it is deemed desirable to recruit a trustee with a particular set of skills, relevant experience or interest, such as in human resources, policy or fundraising, existing trustees are asked to contact their acquaintances in order to find suitable people. - iii. In some cases, a Trustee is approached by an individual who expresses an interest in volunteering to help with our work. Potential trustees are invited to an interview with two of the trustees. They will then make a recommendation about the appointment to a meeting of the charity's Trustees, which is asked to approve the decision. No person or external body other than the trustees is entitled to appoint trustees. Trustees meet at least four times a year via Skype, telephone conference or face-to-face are held as and when opportunity and need require it. The charity's Trustees are proactive and if they are aware of an opportunity that could positively impact our beneficiaries, they communicate these to the charity's senior management team. ## **Policies adopted for the induction and training of trustees.** - i. Trustees are encouraged to visit existing charity projects in order to understand how the charity works, the expertise of the Workshop Leaders, and the vision of the charity. - ii. All new trustees meet with the Chief Executive, Nathan Timothy and Director of Engagement, John Quinn. - iii. Trustees are encouraged to study our programme descriptions and methodology. - iv. All trustees are given the documents issued by the Charity Commission regarding the duties of trustees ("The Essential Trustee"), together with detailed documents about the charity's communications, marketing, social media, safeguarding and recruitment policies and procedures. Updated information provided by the Commission is also shared as and when these are made available. - v. Trustees are encouraged to visit https://www.gov.uk/topic/running-charity for all the latest information and changes in legislation and UK charity law. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Reserves** We acknowledge the Charity Commission's guidance provides the basis of our commitment to maintaining and where possible growing our reserve, with particular focus on mitigating either of the following scenarios: 1. A source of income, e.g., a grant, not being renewed. Funds might be needed to give the trustees time to take action if income falls below expectations. 2. The need to fund short-term deficits in a cash budget, e.g., money may need to be spent before a funding grant is received. ## **Public Benefit** The Trustees of the charity confirm they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission in determining the range of activities undertaken by the charity. The Trustees confirm that in planning the activities of the charity, that such activity is undertaken in the best interest of beneficiary groups and not at the detriment or exclusion of any beneficiaries. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Slavery and Human Trafficking Statement** The Modern Slavery Act 2015 introduces new obligations in relation to slavery and human trafficking. The Charity is fully supportive of the new legislation. Whilst the Charity feels it has a low risk of being exposed to suppliers who utilise human trafficking or slavery, we are committed to improving our practices to combat slavery and human trafficking, where we can. Through vigilance and internal consultation and discussion, we enforce controls to ensure slavery and human trafficking is not taking place anywhere in our limited supply chains. ## **Due diligence processes for Slavery and Human Trafficking** . As part of our commitment to identify and mitigate risk, we regularly review our buying practices, ensuring we have in place systems to: Identify and assess potential risk areas in our supply chains; mitigate the risk of slavery and human trafficking occurring in our supply chains; and monitor potential risk areas in our supply chains. We work closely with a small number of regular suppliers of music technology, software, and hardware. We also purchase hardware from established businesses such as Apple Computers, eBay, Amazon UK, and other technology companies. In such cases, we are reliant on company transparency, corporate diligence, and self-regulation. The charity realises this is not always ideal, but where such checks and balances exist outside of our control, trustees will help inform direction and any action to be taken to ensure the charity acts in accordance with its values, aims and objectives. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives of the Nathan Timothy Foundation ‘The Songwriting Charity ’are the advancement of education and training, through the provision of songwriting (drawing on sport, multimedia, and creative arts practice) programs that enhance and support children's learning in schools and communities throughout the UK. To act as a resource for young people up to the age of 25 living in the United Kingdom by providing advice and assistance and organising programs of physical, educational and other activities as a means of: a) Advancing in life and helping young people by developing their skills and capabilities to enable them to participate in society as independent, mature and responsible individuals; b) Advancing education, specifically music education and literacy; c) Relieving unemployment, through advancement of training, creation of internship and volunteering opportunities that facilitate attainment of new skills for all young people and young adults; d) Providing recreational and leisure time activity using songwriting and creative musical expression in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons ## **STATUS** The company is limited by guarantee and as such does not have any share capital. The company is also a registered charity. The charity number is 1146228. ## **ACCOUNTS** The trustees and directors have pleasure in submitting their report, together with the unaudited financial statements for the period ended 31 July 2024. ## **TRUSTEES' AND DIRECTORS' RESPONSIBILITIES** The trustees and directors are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently. - Make judgments and estimates that are reasonable and prudent. - State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in business. The trustees and directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the trust and to enable them to ensure that the financial statements comply with the Charities Act 1992. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. On behalf of the trustees and directors. Signed: Mr Mark Buckley ## **ACHIEVEMENT AND PERFORMANCE** Popular workshops this year have been our one day **Bully Beat** in school workshops our **School Anthem** workshops and **Leavers Songs** . Completed songs can be performed by the whole school and give the children a sense of pride and ownership. We have delivered 84 workshops in Kent, Essex, Southend and Greenwich. ||||| |---|---|---|---| |Month|Stem Hub Mentoring
Sessions (One to One)|Number of School
workshops|Young people taking
part| ||||| ||||| |August|8|4|108| ||||| ||4|2|54| |September|||| ||||| ||||| |October|8|4|108| ||||| ||4|10|254| |November|||| ||||| ||||| |December|4|4|104| ||||| ||8|2|58| |Jan|||| ||||| ||||| |Feb|8|10|258| ||8|12|308| |March|||| ||||| |April|8|6|158| ||8|8|208| |May|||| ||||| |June|4|12|308| ||||| ||4|10|254| |July|||| ||||| ||||| |Totals|76|84|2180| ||||| ||||| ||||| ||||| In addition to this we have completed an additional 76 one to one mentoring workshops either face to face or online. Pupils have reported an increased confidence and marked improvement in their skills of singing and songwriting. One parent said ‘ _**Max is really enjoying the one to one sessions and it’s giving him confidence to ‘go for it’ on stage.’**_ Our focus school this year has been the Nexus School In Tonbridge where we completed some fantastic work supporting not just the young people but staff also. The pilot project ‘Harmonious Minds’ combined our knowledge of songwriting and music production with music therapy techniques to great effect. A focused approach meant we were able to work across the whole school and have a huge impact. In total we ran songwriting workshops, music therapy and support sessions for teachers over a total of 20 days. Head of School Scott Jarred said ‘ _**Nathan and The Songwriting Charity have been phenomenal at working with the students at Nexus School in Tonbridge who have a range of complex Special Educational Needs. Nathan has been inspirational with his delivery and engagement techniques to involve students in creating their very own mini masterpieces! We have seen students vocalise and perform in ways that they have never done before. We look forward to continuing the work next year!**_ ’ The total number of children we’ve worked face to face with this year is 2180. We applied for a number of grants this year and were successful in getting support from the Radcliffe Trust and the Kent Community Foundation. The trustees would like to offer their collective thanks to Nathan and John for their hard work and ongoing commitment to seeing projects through to their conclusion between them they donated considerable amounts of time to the charity’s projects and operational work. Following on from the previous year, Nathan and John both donated 50 working days to the charity to help keep operations ticking over. Thanks to: Kent Community Foundation (£5000) The Radcliffe Trust (£2000) Kent Music Hub Southend Music Hub (Music On Sea) The Nexus Foundation School Amy Vinnicombe Tim Cawte Ian Fitzgibbon Jon Rye Fay Morgan Hine Focal Business Group Limited Clear Financial Advice Limited - MD, Barry Greening, DipPFS Korg UK Mr. Jon Rye Bubble & Scruff CIC Dartford FC Cadsoft Solutions Limited Mr. Nicholas Johnson Mrs. Helen Hannam Users of The Giving Machine Players of the Giving Lottery Behringer Music Tribe Estelle Timothy Kathryn Quinn Mr. Gary Ryan Mr. John Dawson Mr. Tim Cawte Mrs. Amy Vinnicombe Behringer Music Tribe **Signed for and on behalf of the Songwriting Charity** Trustee ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF NATHAN TIMOTHY FOUNDATION LTD** I report on the accounts for the year ended 31 July 2024 set out on pages fourteen to twenty-five. ## **Respective responsibilities of trustees and examiner** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention ## **Basis of the independent examiners report** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - the accounts do not accord with such records; or - the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 Charities SORP (FRS102). I 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. Michael Osborne Focal Business Group Limited 4a Church Street, Market Harborough, Leicestershire, LE16 7AA ## **NATHAN TIMOTHY FOUNDATION LTD** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR 31 JULY 2024** ## **NATHAN TIMOTHY FOUNDATION LTD** ## **BALANCE SHEET FOR THE YEAR 31 JULY 2024** ## **NATHAN TIMOTHY FOUNDATION LTD** ## **BALANCE SHEET - CONTINUED FOR THE YEAR ENDED 31 JULY 2024** The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part J5 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements were approved by the Board of Trustees on 4[th ] April 2025 and were signed on its behalf by: Mr Mark Buckley - Trustee ## **NATHAN TIMOTHY FOUNDATION LTD** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** ## **1. ACCOUTING POLICIES** ## **Accounting Convention** 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, and 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 (FRS102) issued on 16 July 2014 and the Charities Act 2011. ## **Incoming resources** All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Where income is received with obligations that must be fulfilled but are out of the control of the Charity, the income is deferred. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery – 33% cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **NATHAN TIMOTHY FOUNDATION LTD** **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 JULY 2024** ## **1. ACCOUNTING POLICIES** ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives 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 the notes to the financial statements. ## **Donated services and facilities** Where services are provided to the charity as a donation that would normally be purchased from our suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity. ## **NATHAN TIMOTHY FOUNDATION LTD** **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR 31 JULY 2024** ## **NATHAN TIMOTHY FOUNDATION LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR 31 JULY 2024** ## **7. TRUSTEES’ RENUMERATION AND BENEFITS** **Trustees’ expenses** There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. ## **NATHAN TIMOTHY FOUNDATION LTD** **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR 31 JULY 2024** ## **NATHAN TIMOTHY FOUNDATION LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR 31 JULY 2024** ## **NATHAN TIMOTHY FOUNDATION LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR 31 JULY 2023** ## **12. ULTIMATE CONTROLLING PARTY** The Charity is under the joint control of the trustees. ## **13. TAXATION** The company is treated as a charity within the meaning of the Income tax and Corporation Taxes Act 1988 and has been afforded exemptions from taxation under section 505 of that act. ## **14. COMPANY STATUS** The company is a private company limited by guarantee and consequently does not have a share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. ## **NATHAN TIMOTHY FOUNDATION LTD** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR 31 JULY 2024** 2024 2023 RESOURCES EXPENDED Dlrect Charftable expendlture ndry prgecl expenses Hire of equipment Travel & acccYTr)Yats"c 5,268 sjbccffitract￿S 28.045 35.500 DeprttIats.c￿ of tangl￿e rued assets 33.313 40,768 Gov8mancè Costs C￿Tr￿n￿ 600 Managtrm¢nt & Admlnlstratlon Of Tho Charfty Rent. Rates & Water Light & Heat Telephcffie ndries 97 53 Subcontractrxs Ccryuter and inlemet expense5 202 149 Flnanc8 Bank Charges 60 Other (Th)ti