Charity registration number 1147922
Company reglstratlon number 08116295 (England and Walasl
THE ALOUD CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

THE ALOUD CHARITY
CONTENTS
Page
Trustees. report
Statement of trustees, responsibilities
Independenl examiner's report
Stslemenl of financial activities
B818nce sheet
Notes lo the financial slalemenls
9-19

THE ALOUD CHARITY
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their annual report and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordan￿ with thè accounting policies set OLJt in note 1 to the
financial statements and comply with the charitls governing document, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Rècommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 (effective 1 January 20191"
Oble¢tlves and a¢tlvltles
The Aloud Charity's mission is to transform lives together through the power of song. Our vision is to be the
sought after, relevant partner for young people in Wales, providing life changing experiences through the power
of group singing.
We want to be a charity that is synonymous w((h song and making a difference to young people's lives. This
might mean different things for different people and will be realised in many ways. Whether developing the
confidence of an individual lo apply for college, supporting entry to a career in the creative and cultural industries,
giving the opportunity lo sing on a world stage, or simply being a place of respite for two hours a week, The
Aloud Charity transforms lives. Bul we don't just do this in weekly sessions. Our performance opportunities lake
our work lo a wider audience and through this we can provide a lime of solace, offer spine-tingling experiences
or give family and friends something lo be proud of. For us, this is about more than just singing, it is about the
power of song lo connect with people whether as singers, session leaders, writers and composers, or those who
experience il in person or online.
Place young people al the heart of everything that we do
Create the highest quality singing experience
DeliverA¢livily that refle¢ls Wales in the 21st century
Embed our work in communities
Enrich young people's lives
Raise the profile of The Aloud Experience
Build on a sustainable business model
Root ourselves in Ihe Land of Song
To achieve these aims, Moud continues to work on a long-term sustainable strategy that will deliver outstanding
work with young people in communities across Wales, underpinned by financial stability, good governance and
the highest artistic standards.
Achievements and performance
During Ihtr first half of the year, Aloud operated a full programme of work with Only Boys Aloud choirs meeting in
11 locations throughout Wales, Only Gids Aloud operating regionally in south and west Wales, and ttr￿ 2024 Only
Kids Aloud cohort singing across Wales. This induded performing three regional Christmas concerts and Only
Kids Aloud perfomiing at the Brangwyn Hall, Swansea with Only Men Aoud.
In February it began to become clear that the ¢ashflow situation was tenuous. With a series of unwccessful
funding applications, difficult decisions had to be made. In an emergency meeting of the TrLJStees on 13 March
2024, a decision was made to pause all free activity and reduce the staff team, using reserves lo enable the
charity to regroup, refocus and remodel the business to ensure future sustainability.
During this time, Only Kids Aloud and Academi, as paid projects, continued to run.

THE ALOUD CHARITY
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
Financial review
The longer-lerm impact of Covid-19, alongside the ¢osl-of-living Crisis are the princip81 risks to the futu￿ delivery
of the charity's aims and objectives. The Trustees have been, and continue lo be, mindful of this. The 18St four
ysars h8ve s8en rapidly changing scenarios that have h8d a raft of implications both in terms of financial 8nd
non-financial irnpact. The charity s fo¢us has been lo remain flexible and fleet of foot to respond lo each new
ontexl and challenge, ensuring that our b&ngfi¢iaries still engage with us and be impacted positively by our
a¢tivity.
During this year, we have seen a significant drop in our success rate to Trusts and Foundations. This aligns with
experiences across the charity and arts sectors, but we need to be mindful of this going forward. Our de¢ision to
pause activity and refresh the income generation strategy reflects this Change. This should ensure the
organisation is more resilient, increasing opportunities to generate donations from the wider publiG and is less
reliant on Trusts and Foundations as an income stream in fLJtLJre years.
Financial position at year end and Reserves position..
The financial position for Ihe year to 31 August 2024 shows a carried fotward unrestricted balance of £33,240.
12023.. £143,362). This unreslricled deficit for Ihe year was £110,122 whith has arisen largely due to the
reduction in anticipated success rate for funding from Trusts and Foundations.
The level of free reserves at the year*nd amounted to £32,215 (excluding designated funds). Reserves are
needed to secure the long-term sustainability of the charity's regular activities. Due to unforeseen financial
difficulties in this financial year, Trustees made the decision to ulilise these to ensure the future of the charity. In
doing so, they agreed that il was their ambition to re-build these over the course of the next few years, revising
the reserves policy accordingly to read.. "Il is the airn of the Trustees to continue lo secure and strengthen the
charity's position by building the level of free reserves to achieve a minimum position of 3 months of core
expenditure al each year end. This policy will lake lime to come to fruition in line with our forward planning
process but is necessary lo ensure the charity is in a secure Pla￿ if an unforeseen event were to take place.
Trustees will rllonitor the current financial position through the cashflow lo ensure that il is able lo meet its
obligations in the short to medium term while the reserves build lo an acceptable level
Going concern..
After making appropriate enquiries and considering the impact of the cur￿n1 economic Climate, the Trustees
have a ￿8$onable expe¢t81ion th81 the company has adequate resources lo continue in operational existen¢& for
the foresee8ble future. For this reason, they continue lo adopt the going ¢on¢ern basis in preparing the financial
slal8m8nls. Furth&r details rtrgarding the adoption of the going conG&rn basis can be found in the Accounting
Poli¢ies.
Plans for future periods
During the pause in activity, the executive undertook extensive research, consultation and planning lo define a
new approach lo delivery.
In 2024125 this rneans piloting a new model in southeast Wales, rernaining true to our mission, looking al
increasing opportunities for In￿Me generation, and living our values of Exc&llen¢&, In¢lusiv&, Learning and
Passion.
In 2024125 this will mean..
Focussing Only Boys Aloud in 5 key areas of southeast Wales.
Laun¢hing Aloud Voices- a paid mixed voi¢e Choir programme for ￿25-year-Olds.
Relying more heavily on volunteers to support the weekly running of our ¢hoirs, local fundraising and
local concert opportunities.
Working more closely with local communltles, who can open doors for performance opportunities,
involve us at community events and connecl us to business who might be able to offer choir
sponsorship.
Working with experienced frèelancors on short-lemi contracts to support gaps in reSoUr￿s, such as
with social media, campaigns management and event delivery.

THE ALOUD CHARITY
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
Thinking more commercially about the products we have and how we can use these to generate
income.
Evaluating the model and looking al ways this might be able to be rolled out more widely if successful.
This, combined with an associated income generation plan, which aims to diversify income streams, will make
oud more resilient longer-terrll. Trustees of the charity are very aware that these are challenging limes in terms
of the fundraising landscape. The difficult decisions during 202312024 were taken with this in mind and were
necessary lo put the organisation in a stable financial posttion for the future.
Structure, governance and management
The company is constituted under Artides of Association adopted by special resolution on 31 March 2022 and is
a company limrted by guarantee and registered charity number 1147922. (The original Memorandum of
Association was dated 22 June 20121.
The management of the company is the rtrsponsibility of the Ttuslees who a￿ elected and ctropled under the
terms of the Articles of Association. Trustees are recruited through an open process. with positions advertised
and applications encouoged from as broad a ¢ross-str¢tion as possible lo ensu￿ a good spread of skills,
knowledge and experience. During 2023124 one Trustee stepped down due lo the pressure of other
commitments, two stepped down at the end of their term, and two new Trustees were appointed. One of the
Trustees is an alumnus of Only Boys Aloud.
The Board of TrLJStees has overall responsibility for ensuring that the company has appropriate systems of
controls, financial and othetwise. The Chief Executive Officer advises the Board on strategic issues and
manages day-to-day operations within the parameters of the Scheme of Delegab'on. The Chief Executive Officer
meets with the chair monthly, and with the staff team on a fortnightly basis. An informal meeting of staff and
Trustees took Pla￿ in December 2023.
Trustees met 5 times during this year- 4 times to deal with its day-to4ay business and an emergency board
meeting lo decide on an approach to the cashflow position. A Planning Group together with Income Generation
and Artistic Task and Finish groups were established to specifically support the team to develop the new
business model. A Cashflow Committee was established to monitor the cashflow situation monthly, prowding
assuran￿ to Trustees that risk was being monitored and managed.
The charity's Risk Register is reviewed every six months by Trustees, with the Chief Executive Officer reporting
by exception at each board meeting on areas exceeding toleran￿. The register was reviewed al the board
meeting in September 2023 and March 2024.

THE ALOUD CHARITY
TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
Reference and admlnl¥lrntl¥e details
Registered eharfty number
1147922
Regl$t•rod company number
08116296
Board of trustee$
A S Cartton- Resigned 2110912023
J Williams- Resigned 2510912023
D G Pugh- ReS￿ned 21109123
M J Burton
A F Jones
l Rees
JBary
BHam
L Treg81e
H Peterson- Appointed 1011012023. Resigned 0810512024
R Sweetrnan-Appointed 1011012023
Key management porsonhel
Carys Wynn&Morgan - Chief Executive Officer
Hannah Beadsworth- Development Manager
Craig Yate5- Creative Director
Maria Eide- Finance & Oper8fjons Manager- Resigned December 2023
Jarr8d Jones- Finance & Perations Manager- Appolnled December 2023
Rtglstered offlc•
Unit 1 Regents Cotsrt
Nettlefold Road
Csrdiff
CF24 5JQ
Independent examlnern
A2ets Audit Servic85
Independent ExamlneTS
Ty Derw, Lime Tree Court
Cardrfl Gate Bu￿nesS Park
Cardtff
CF23 8AB
Bankers
HSBC Bank pl¢
15 Churchill Way
Cardrfr
GFIO 2HD
The trustees. report was approved by thè Board of Trustees.
Truste•
IKk Ree5
Dated.. 14. iy. L+

THE ALOUD CHARITY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees, who are also the directors of The Aloud Charity for the purpose of company law, are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards Iuniled Kingdom Generally Accepted Accounting Praclicel.
Company Law requires the trustees lo prepare financial statements for each financial year which give a true and fair
view of the slate of affairs of the charity and of the incoming resources and application of reSoUr￿s, including the
income and expenditure, of the charitable company for that year.
In preparing these financial s181ements, the trustee5 are required lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent", and
prepare the financial ststgmonts on the going con¢grn basis unless it is inappropriate to presum8 that the charity
will Continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity 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 charity and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the Maintenan￿ and integrity of the charity and financial information included on
the ¢harily's website. Legislation in the United Kingdom goveming th& preparation and dissemination of financial
ststements may diffor from1￿1$18t1On in other jurisdictions.

THE ALOUD CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THEALOUD CHARITY
I report on the financial slalements of the charty for the year ended 31 August 2024, which are set out on pages
71019.
Respective responsibilities of trustees and examiner
The charity's trustees. who are also the directDrs of The ￿0￿d Charity for the purposes of ￿Mpary law, are
responsible for the preparation of the financial statements. The trustees consider that an audit is not required for
this year under section 144121 of the Charities Act 2011 Ithe 2011 Acll and that an independent examination is
needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examination being a
qualified member of The Inslilule of Chartered Accountants In England and Wales.
Having satisfied myself that the charity is not subject to audrfc under company law and is eligible for independent
examination, il Is my responsibility to-.
examine the financial statements under section 145 of the 2011 Act.,
to follow the procedures laid down in the general Directions given by the Charity Commission under section
14515llbl of the 2011 Act., and
liiil lo stsle whether particular matters have come to my attention.
Basis of independent examinerfs report
My examination was carried out in accordan¢e ¥Mth the general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the ¢harity and a comparison of the financial
statements presented with those records. 11 also includes consideration of any unusual items or disdosures in the
financial statements, and seeking explanations from you as trustees Con￿rnIng any such matters. The
procedures undertaken do not provide all the eviden￿ that would be required in an audrf( and consequently no
opinion 15 given as lo whether the financial statements present a 'lrue and fair view, and the report is limited to
those matters sel out in the next slalement.
In connection wth my examination, no matter has come to my attention..
lal which gives me reasonable Cause lo believe that in any material respect the requirements..
to keep accounting records in accordance with section 386 of the Companies Act 2006,. and
(ill to prepare financial slalements which accord with the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and principles of the
Statement of Recommended Practice. Accounting and Reporting by Charities",
have not been met or
Ibl lo which, in my opinion, attention should be drawn in order lo enable a proper understsnding of I
financial statements to be reached.
Andraw HovMIIs
Azels Audit Services
Ty Dem. Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
United Kingdom
B" Janu8ry 2025
Dated..

THE ALOUD CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted Restricted
funds
funds
2024
2024
Total
Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Donations and
legacies
Charitable activities
Other trading
activities
Investments
77,749
254,970
77,749
319,237
78,551
316,134
78,551
465,692
64,267
149,558
32,095
2,105
32,095
2,105
52,087
1,208
52,087
1,208
Total income
366,919
64,267
431,186
447,980
149,558
597,538
Charitable activities
477,041
98,361
575,402
477,172
150,388
627,560
Net expenditure for the
yearl
Net movement in funds
1110,1221
134,0941 1144.2161
129,1921
18301
130.0221
Fund balances al 1
September 2023
143,362
34,D94
177,456
172,554
34,924
207,478
Fund balancès at 31
August 2024
33,240
33,240
143,362
34,094
177,456
The statement of financial activities inclLJdes all gains and losses recognised in the year.
l income and expenditure derive from Continuing aclivilies.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

THE ALOUD CHARITY
BALANCE SHEET
ASAT31AUGUST2024
2024
2023
Note5
Flxed aBsets
Intangible 8ssets
Tangible assets
12
13
321
704
fj,025
3.469
1,025
4,494
Current assets
Debtors
Cash sl bank and in hand
14
21.176
220.980
20,473
240,747
242,156
201.220
Cr•dltotrs: amounts falllng due wlthln
one yoar
45
1209,9411
188,2581
Nel current assets
32.215
172,962
Total assets less cumint Il•bllltle
33,240
177.456
Income fvnds
Restricted funds
18
34,C04
Designated fund5
General unrestricted fvnds
19
1,025
32,215
33.058
110.304
33,240
143.362
33,240
177,456
The company is entitled lo the exemption from the 8udil requirement contained in $8dion 477 of the Companie$ A¢t
2006, the year ended 31 August 2024.
The direclcxs aiJ(nowledge Ih8ir r8spon5ibililies for cOMp￿.n9 with the requirements of tho Compani8$ Act 2006
th respect to accountirig records and the preparation of financial Ststements.
Tha rnernbe￿ hav8 not raquir&J the company lo obtain an audit of tts financial statements for the year in question in
accordance with sectton 476.
These financral statÈmerFts have been préparad In 8t￿rdance wrth the provlslon$ appN¢abl8 to companies subject
to the small companies regim8.
lfl 11. L4-
The fln8ncl81 statements were 8pproved by the Trustees M .........................
Trustso
Iw Ree5
Company r•gl$lratlon number 08116295

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
Charity information
The Aloud Charity is a private company limited by guarantee incorporated in England and Wales. The
registered office is Ty Derw Lime Tree Court, Cardiff Gate Business Park, Cardiff CF23 8AB.
1.1 Accountlng convèntlon
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" The charity is a Put)lic
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Slalement of Cash Flows.
The financial statements are prepared in sterfing, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adeqLJate resour￿8 to continue in operational existence for the foreseeable future. ThLJS Ihe Irustees
continue lo adopl the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds Comprise funds which have been set aside at th& discretion of the ttuslees for SFEcific
purposes. The purposes and uses of th8 designated funds are sel out in the notes lo the financial slalements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purtK)ses and
uses of the restricted ftjnds are set out in the notes to the financial statements.
1.4 Incoming resource$
Income is recognised when the charity is legally enlilled lo it after any performance conditions have been met,
the amounts can be measured reliably, and il is probable that income will be received.
Cash donations are recognised on re￿ipl. Other donations are recognised once the charity has been notified
of the donation, unless performance ¢ondilion5 require deferral of the amount.
Sponsorship, earned in¢ome and avenl income is re¢ognisod in Ihg poriod lo whi¢h il rtrlates.
Sponsorship incom8 and evènt income r8cèived in advance is d8farr8d and raleased in th8 financial yèar to
which it relates.
In¢ome from grants, trusts and foundations is recognised when the charity has entitlement to the funds, any
performance conditions altached to the granls have been met, it is probable Ihat the income will be received
and the amount can be measured reliably. Granl income received in advance is deferred and released in the
financial year to which it relates.

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
IContinued}
1.5 Resources expended
Expenditure is recognised once there is a ltrgal or constructive obligation lo make a payment lo a third paty, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure on charitable activities includes all costs relating to the furtherance of the charitys objectives as
stated in the trustees report and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Support costs have been allocated between governance costs and other support. Govemance costs
comprise all costs involving public accounlabilily of the charity and its Complian￿ with regulation and good
practice.
Support costs include central functions and have been allocated to activity cost categories on a tAsis
consislenl with the use of reSoUr￿s.
1.6 Intangible fixed a55ets other than goodwill
Intangible assets relate to arrangements which have been valued on a time cost basis. The arrangements are
being amortised over their estimated useful life being a period of ten years on a straight line basis.
Arrangements
10°/o Straight line basis
1.7 Tangible fixed assets
Tangible fixed assets are initially rlleasured al cost and subsequently measured al cost 01 valuation, nel of
depreciation and any irnpairmenl10sses.
Depre¢iation is recognised so as to write off the Cost or valuation of assets less their residual values over their
useful livgs on the following bases..
Computer and musi¢ equipment
33.33 /0 Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.8 Impaimient of fixed assets
At each reporting end date, the charity reviews the carrying amounts of ils tangible and intangible assets lo
dglermine whether there is any indication that those assets have suffered an impairment loss. If any such
indi¢ation exists, Ihtr recoverable amount of the asset is eslimaled in order lo determine the extent of the
impairment loss lif any).
1.9 Cash and cash &qulvalènts
Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
10-

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
IContinued}
1.10 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basi¢ Financial Instmmenls, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instruments are recognised in the charity's b8lan¢e sheet when the Charity becomes party to the
contra¢tual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when
there is a legally enforceable righl to set off Ihè recognised amounis and there is an intention to settle on a
net basis or lo realise the asset and settle the liability simultaneoLJsIy.
Basi¢ financial assets
Basic financial assets, which include debtors and cash and bank balances, are inilially measLI￿d at
transaction pri￿ induding transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measLJred at the present value of the future receipts discounled at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Derecognitlon of flnan¢lal assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Baslc flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction pri￿ unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Trade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured al amortised cost using the effective interest method.
Dgrgcognition of financial liabilities
Financial liabilities are derecognised when the charity s contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday enlillement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to lerminale the ernployrnenl of an employee or lo provide lerminalion benefits.
1.12 Retirement benefits
Payments lo defined contribution retirement benefit schemes a￿ charged as an expense as they fall due.
1.13 Taxation
As a registe￿d Charity, The Aloud Ch8rily is entitled lo the exemption from tsxalion in respect of income and
c¥pil81 gains received with sections 478-489 of the Corporation Tax Act 2010 and section 256 of the Taxation
of Ch8rge8ble Gains Act 1992 to the extent th8t thtrse are applied lo rts charitable objects purposes only.

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Critical accounting estimates and judgements
In the application ol the charity's accounting policies, the trustees are required to make jLJdgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The ests'mates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and fvture
periods.
Donatlons and legacl8s
2024
2023
Donations and sponsorship
77.749
78,551
Charitablè activitiès
2024
2023
Eamed income
Grants, trusts and foundations
28,393
290,844
50.800
414,892
319,237
465,692
Analysis by fund
Unrestricted funds
Restricted funds
254,970
64,267
316,134
149,558
319,237
465,692
Other trading activities
Unrestricted Unrestricted
funds
funds
2024
2023
Merchandise
Sponsorship
2,695
29,400
8,198
43,889
Other trading activities
32,095
52,087
12-

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Investments
Unr8strictèd Unrèstrictèd
funds
funds
2024
2023
Inter8St r8cèivable
2,105
1,208
7 Charltabla actlvltlès
2024
2023
Staff costs
D8pr8ciation
Artistic and performance costs
331,065
3,469
188,903
309.849
9,189
263,803
523,437
582,841
Shara of support costs (seè notè81
Share of governan￿ costs Isee note81
48,830
3,135
42,719
2,000
575,402
627,560
Analysis by fvnd
un￿strICted funds
Restricted funds
477,041
98,361
477,172
150,388
575,402
627,560
13-

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
No trustee received remLJneration during the current or prior year.
No trustees were reimbursed for expenses during the current or prior year.
10 Employees
Number ofemployees
The average monthly number of employees during the year w8S'.
2024
Number
2023
Number
Artistic
Administrative
Employment Costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
295,243
27,295
8,527
275,786
25,651
8,412
331,065
309,849
Key management personnel
The key management personnel of the charity which are noted in Ihe Trustees Report received benefits
(gross salary, employers national insurance and employers pension contribulionsl lotalling £180,21612023.'
£167,7671.
There are S key management personnel for the current year12023'. 41.
Employees earning > £60.000
There were no employees whose annual remuneration was £60,000 or more during the current or prior year.
11 Taxation
The charity is exempl from tsx on income and gains falling within section 505 of th8 Taxes Act 1988 or s8clion
252 of the Taxalionof Chargeable Gains Act 1992 to the extent that these ar8 applied lo ils charitable objects.
15-

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
12 Intangible fixed assets
Arrangement8
Cost
At 1 September 2023 and 31 August 2024
12,500
Amortlsatlon and Impalrment
At 1 September 2023
Amortisation charged for the year
11,475
704
At 31 August 2024
12,179
Carrylng amount
At 31 August 2024
321
At 31 August 2023
1,025
13 Tangible fixed assets
Cornputer and rnusic equipment
Cost
At 1 September 2023
13,255
At 31 August 2024
13,255
Depreciation and impairment
At 1 September 2023
Depreciation Charged in the year
9,786
2,765
At 31 August 2024
12,551
Carrylng amount
At 31 August 2024
704
At 31 August 2023
3,469
14 D&btors
2024
2023
Amounts falling due within one year-
Trade debtors
Other debtors
Prepayments and accrued income
14,760
1,442
4,974
4,675
8,651
7,147
21,176
20,473
16-

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
15 Creditors: amounts falling due within one year
2024
2023
Not¢s
Other taxation and social security
Dèferred income
Trade creditors
Accruals and deferred income
6,165
193,694
2,707
7,375
16
80,613
2,045
5,600
209,941
88,258
16 D&f8rr8d Incom
2024
2023
Arising from grants
Other deferred income
149,133
44,561
80,613
193,694
80,613
Deferred inwme is included in the financial slalements as follows..
2024
2023
Balance brought fOrn￿ard
Income received
In¢ome released
80,613
432,083
1319,0021
135,042
415.263
1469,6921
Balance carried forward
193,694
80,613
Deferred In￿Me comprises grant, sponsorship and event income which relates to future financial periods.
17 Retirement benefit schemes
Deflnèd contrlbutlon $chèmo$
The charity operales a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
Thg ¢hargg to profit or loss in respg¢t of dgfinèd ¢ontribulion schemes was £8,52712023- £8,412).
There were no amounts outstsnding in the current or prior year.
17-

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
18 Restricted funds
The income funds of the charity indude restricted funds comprising the following unexpended balan￿S of
donations and grants held on trust for spècific purposes..
Movement in funds
InGoming
Re$our¢es
Balance at
resources
expended 1 September
2023
Movement in funds
Incoming
ResoU￿e$
resources
expended
Balance a¢
1 Septembpr
2022
Balance al
31 August
2024
Only Kids
Aloud
Only Kids
Aloud Disney
23
Academi
AITC
Japan
Arts Council
Job
Prolsclion
Fund
27,474
53,089
153,0891
27,474
127,4741
830
6,620
14,543
44,899
9,027
28,000
115,3731
144,8991
19,0271
128,0001
6,400
39,950
16,4001
146,5701
6,620
17.917
117.9171
34,924
149,558
1150,3881
34,094
64,267
198,3611
Only Kids Aloud.. A pan-wales choral iniliative in partnership with the Hodge Foundation. The Hodge
Foundation provided £40,000 of funding in the year with parents providing the Ihe additional funding required.
Only Klds Aloud DSsn8y 23.. The funding was from parents contributions to the trip to Disney in 2023.
Academi: The funding included £25,000 from Mosawi, £6,500 from Festival Inter￿ltIqUe de Loreint, £12,300
academi fees from members with balan￿ being made up of sales of merchandise
Crowdfunder.. Album 2022: The cost of producing a CD was funding by Crowdfunding.
AITC.. This funding is forAloud in the classroom.
Japan.. This funding enabled a project where choir members met with choirs in Japan for a cultural exchange,
through music.
Arts Council Job Protection Fund- This funding was to cover salary costs.
18-

THE ALOUD CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
19 Designated funds
The income funds of the charity indude the following designated funds which have been set aside out of
Ljnrestricted funds by the trustees for specific purposes..
Movement in funds
In¢orning
Resou￿e$
resources
expended
Balance a¢
1 Septembpr
2022
Tran$fers
Balance al
1 September
2023
Tran$fers
Balance al
31 August
2024
The Aloud
Girl's Choir
Only Boys
Aloud Wesl
Bfftnd and
Identity Work
Intangible
and Tangible
Fixed Assets
10,000
10,000
110,0001
10,000
8,424
15,1521
13,272
113,2721
5,000
5,000
15,0001
8,732
13,9461
4,786
13,7611
1,025
33,732
8,424
15,1521
13,9461
33,058
132,0331
1,025
The Aloud Girl's Choir
Funds designated lo allow us lo commit lo a program for the Girls, choir for the whole academi¢ year and not
just the pilot pgriod.
Only Boys Aloud West
Funds designated to allow us to Commit to a program for the OBA West choirs for the whole a¢ademi¢ year
and not just the pilot period.
Brand and Identlty Work
Funds designated to commence a project around our brand wth focus on increasing diversity and
accessibility.
Intangible and Tangible Fixed Assets
Fund designated in relation to the net book value of the charity's unrestricted intangible and largible fixed
assets.
20 Company ststu$
The charity is a company limited by guarantee. The members of the company are the Iruslees named in the
report. In the event of the company being wound up, the liabilty in respect of the guarantee is lirn ited lo £1 per
member of the company.
21 Related party transactions
During the year 5 12023.. 21 trustees donated a total of £1,232 to the charity12023'. £5,020). ThetE were no
amounts outstanding at the year end12023'. £nill-
19-