Reglstered nUrn￿r: 08123495 Charity number: 1148615 LOVE MUSIC TRUST (A company limitettby guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 1111 •AETV6RP5* 1f40112026 OMPANIES HOUSE #100 LOVE fiIUSIC TrUST IA company Ilmited by guaranteel CONTENTS Page Reference and adrnlnbtratl¥e details of the Company. Its Trustees and advlsern Trustees. report Independent audliors. report on the financlal ststemgnts Statement of financlal actlvltles 9-11 12 Balance sheet 13-14 ststement of ush flows Notes to the flnanclal slatements 16-35 LOVE MUSIC TRUST IA company Ilml¢ed by guarantee LEGAL AND ADMINISTRATIVE INFORPAATION FOR THE YEAR ENDED 31 AUGUST 2025 Trustees S18ums J P Savage J CO*￿1 J D Hill R Gardiner P DiL*son I￿$￿Jr￿￿ 9 Juty 20251 M Humphreys lar￿intsd 26 Septernt￿ 20241 S A M Corcoran Ir•svJned 26 Septembtf 20241 Parf(In5￿ (resigned 9 July 2025 D C Beb￿'ngt0n lapm¥nt6d 23 Octcter 2025} C L Ellin50n lappjinted 23 October 20251 P F Rth'nson lapp)inted 23 Oclober 20251 C Stewzrt laF￿in1￿j 23 0(knt•r 20251 Company roglstered number 0812349S Charity reglstered numbèr 114861S Registered office UTht 2a. Brath¥all Cwrt Brthall Road Cheshi CW11 1GE Company secr•tsry D Ost¢rfr Page 1 LOVE MUSIC TRUST (A company Ilfflited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees p￿sent Iheir annual report tcqethw wih ts ay(1itgJ finarKaal ststements of the Company for the y•ar 1 septern￿r 2024 to 31 August 2025. The Annual rewt serves the F4Jrposes of È*th a Trustees. a (hreL*ors' reFKKt under company law The Trustees confirm that the Annual repcrt and finanoal statements of the tharitable eornpany comply with ihe current 5t8tutory requ1￿Ments. the ￿QuIreMents of the chaiiWle cornpanws gobtming document and the provisKJns ol the Statement of ReCC￿rnended Practi￿ ISORPI aFplubk to charits'es prepariThJ their accounts in aCC￿r(lancE with the Financial ReportiThJ Stsndard applicable ￿ the UK and Republ￿ of I￿land IFRS1021 leffeth¥e 1 January 20191. Obl•ctlv8s and a¢tl¥ltles a. Objectives and actlvltlps The Love Music Tnot ILMT) i8 crynmitted to y0v￿1￿j aws lo high qualty MUS￿ educab.on and exposure to outstsnding musical exFerience5 to all puwls in Cheshire aTrJ the Wirral. The LMT is uwnèj. led and Managed by sthools, and supported by Ca￿lU1￿ thosen key partws within the lttal oynmunity. Tr Trust wll build on and èxtènd the exeèllènt practicE of many x*ooL8 thro(ghc#rt r931￿. Ths hghquahty wryk ￿ to be ¢JevelW appl￿d systematicalty foi every young per50n. The Objectives of the Tfusl a￿ as folk•Ns' to prcffiote and ernbra￿ a of aCt¥an￿ ar•J re¥*ct across an mustal paltfvvays wthin Cheshir• and Wirral supporbn9 equty. dNergty inclu*1￿.. to prowde opporlunrt*s lor music tut￿ lo grow aThJ (knk)p thw"r skills sw(J￿r￿￿ the c0nthn￿I improvement of d￿1ve￿ 5erYices'. to encourage up progress￿ thrcwh kwils. de￿ent up to and incluth.ng the most westigious Nabonal leve15 (Royal Northern of MUS￿ Natthal Youth Orchestra. Nabonal Youth Jazz 0￿hestra, Nats'onol Youth Choir. Nats"onal ytyjth 8rass Band GB), to encourage prorn1ntnt.r0￿ mLthf mu*aan5 to ￿}Ik wlh Cheshire and Wirral pu￿1$., to raise the profie of MUS￿ ￿￿eatIC￿ wlhin kxalrt*s. wrb.rg s¢hwl Improvement, *ellt*"ng aThJ inclusion agenda5." . to support and enccwage arwwate brth*Ylh and i*pth ofenwbles.. to encourag• as marny pnm¥y schods as posst*kfj to with the first musical st•p ofWhol8 Class Ens￿ble Tithtion.: to 5UPPOrt Ihe ContinL￿d leaming Iwcgression) olrr¥Jsical instrUn￿5 in fc4knw.ng WFpJle Class Ensemble Turtion". to encourage gr83ter In￿l¥8m￿ at all of *ngirg. iThYLMJin9 to the hwJh8St to apply the best of new thinkiThJ lo all of our musical •Juc4ti¢)n, I￿udi￿j the inueasing use of d¢gitsl tethologi•s. Page 2 LOVE MUSIC TRUST IA Company limlted by guarantse TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Objectlves and actlvSfjes Icontlnued) b. Actlvltles undertaken to achl•ve obJe¢tl¥es Th? trusiee5 ha¥e paid due fggard to guKJarKe issu8d by the Charty Cornmissi¢￿ in ¢J8adin9 what thibes the rharitablg company shoukl ur￿ertake The ac11v￿85 ofThg Love Music Trust may be summ*iW ty Fiyè str*g￿ Functiorts wlmch are listsl below. 1. Partnershik 2. Schools 3 PrDJressh)n musical dèvèlopneni 4. Indusion S. Suslainabilty Thts• cor• roles arè supported ty a numbw roK•s as oulh"r*d belw. 1. ¢￿tin￿d Profe55ion81 De¥dopmert 2. In￿ument Loan ser￿ 3. High Quality Musical Exper￿ 4. Qualty Assuran Public 8ontfft In setting gur obiedives and plannsNJ our a¢thths the Tru5te•s have giv•n ¢areful consideration to the Charity Commis&on's general guKYanc• on pu￿1¢ b•r*fft. Lo* Must TnJst wovtdes a benefit to Ihe pub14c through the provision of a quality music edlKatic￿ for ov 19.C(Q wpls aryoss all Prww. Seci)ndary aTrJ Specaal Sthools throughout Cheshire and ts WirTal. Tl* Trustees c￿fir￿ that they had for th• gu¥Janc• publrshèy ty ￿ Charity Commisston on public benefit. . GraDt-rnaklng pollcies Grants %%ere oftergj to all primary in Ihe East ctssts.re a￿a as a finarrial to ggn up for Whote Class Ensemble Tuit￿0 prograrnrres The schcols work as the commissioner ol semces. not ne￿sSa￿lY having to angage the LMT to delI￿r ￿ programrne. hcthever all who accept grant sign up to the Qualrty A55uranL* Prograrnrne. kldits'onally. grants are off•red to all sec(y)dary and speoal sthoob for prtrfJr￿rreS of n*w musical athwty. LMT prowded grant fvndiThJ direthy to key parlner Edsential to oversee awKI 5UPWrt Fir* Aryxss and Progression prcgrarn￿eS ￿ Chethirè West Wirral. d. Volunt•ern The company does use the Servi￿ ofvdunteers. Wthin Ihe 2024125 academK year tte LMT benefrtted Irom &8.5 hours of vdunteef engagement. Achlevements and perfonnan¢e •. Maln aehievements - 114 lof 1231 cheshi￿ East Primary Schfy)Is eThJW the Fwst ALttSS M￿lC progranme aLYOSS the Academic ye8r, up on 2023- 24. - 123 lof 1231 Cheshire East Primary Sdhxls engw vnth one or Ir￿ of four core ro*s a5 Sat out in the rthsheil NatH¥￿1 Plan f¢r Music Edltsts"￿. Page 3 LOVE MUSIC TRUST IA company Ilmlted by guaran1•• TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and perfomiance (continued) . 22 lof 231 Cheshits East SecAThJary SchooL8 acce4xed the Lmf ￿ musical acbwty grnnL working in partnèrship with the LMT. - 7 lof91 Spec4al 5chwls actepted the LKIT rew mvsN31 actsth grant. WOTkiro in pthrshyp wth the LMT. . Th8 LMT en¥grnbks ne￿(￿k engag•s oyw 8￿ students in **8kty en%mt4e and chry'r rd)•ar5a15 throughoul Cheshire East. - Partners Edsential engèJed 60% 01 W•st a￿1 Wnal Prmary $thr￿s in First Access ￿1th￿ prOgraM￿￿S. . Effecty've partnershy wothiThJ wih the Royal N(Nlhem Col* of IRNCMI aThJ Santh)ach Sthool fvrther devdoping th• Cheshire SFeoali5t Music Course f¢y gifted A music Sbjyents. This is the first tirng RNCM has partnered wilh 8 state schwl and a rnus￿ edUCat￿n hub to ¢￿ate such a r£>urse. in rts sixth year the course has 13 students across y¢ar$ 12 and 13. For September 2025, 2 of 4 rnernters gf the 2023 - 2025 course ￿re awarded pla￿$ at the the Royal Northem Colkge of Music aThJ Royal Birmingham Con5ervatoir• - The LMT expantsj our Sd￿￿$ SEND Day at Cor¥Jbeton T￿#M Ham in May MK4￿j1r9 a gession for PMLD St￿le￿$ from Cheshire East Speoal Schods. Addrt￿aIty. thèts was the lom￿ of a Sptual Schts)Is MLtsiC N0fv￿rk, led by the LMT Primary CurfioJlum Athsor The Chèshirè East y￿jr0 Music3an of the year cornpebiKJn ran in 2025 wrth 79 YoU￿j TrA)calists and instrumentalists lakn"r¥J parL Th8 annual Hal￿ 'C¢yne and Pla* t￿k place at the Bridgewater Hall in Manchester (June 20251. 1400 youThJ in$trumentalist$ perf0rrn￿ w￿1h Ihe OrCt￿tra at the iconic hall in a massed rAebrab"on cjjnwt. - The LMT Summer C•febrats)n WeekeTrJ took place in Jure 120251 at CoTrJkton ts>•m hall. Across the 5 corttrts. Morè than 700 youw peop￿ pethmed fr(xn willM"n wr LIAT ar￿ partrer en5￿￿￿￿e$ netsrrk. - conclusion of the EYFS 'Betty gearf rnLfycal develok¥rent prCgrarn￿ for nursery and KS1 students wh) take part in siryirrfJ and ¢￿er musr¢al acb￿￿e5 look pl￿ at COr*j￿ Tcmn ￿11 (Marth 20251. - The LMT worked in partnership *ith CorKlucb* Musr Irw Oc*)ber 2024- March 2025. to a wies of programm•s focusing on cLJmwsirvJ. tomputsr s￿r￿nrnlng and storytslliny for garniTrJ Nine schools were invdved in the programme acnss 18 days of delivery. - 7 online CPD Coufses ran for Prwnary S(*wJ Mwc (￿rdIr￿[S Nors onlir* thrcwlwt 2024r2S. - The LMT SirYJir¥J pfograrnme. 'Sin9 Fesf ewed 25 S¢￿ dasses in 2024125 ¢>Jlminatrng in 6 massed CA￿￿rtS at Con9leton Town Hall lfvlarth 20251. - The adv•ntur•s of 'R•x the DirrfBaurf wr4ramff* •ngagn9 EYFS in musical ¢xJncluded wrth a 'Dinosaur Pic￿1¢. at Congleton Park (June 2￿25> - The LMT K)rked partners E¢Y5ential to uTrYertake a svJnffi(ant a￿3 needs anatysis pro9ramrne whilst additk)nally supported Mth new ACE annua data colww meth¢)Jc4ogy. ￿su1b"r9 in a 36% inrxea5e in school submission of information. Flnancial review . Going concern After making appropriate ￿qUiries. thè TrustÈè5 have a reasonabk expectxtitsn that the Company has adequate ￿sOUrceS to continue in cper8tional existen￿ for the foreseeable frJture. FC￿ Ihis ￿a$011, tr￿Y continue lo adopt the going COn￿M basis In prep3rirvJ the ffinanc￿l s13tements. Futher tjetsils regaryjry the of the wn9 c4n¢em tjasis can be foun in the accounting pOI￿leS. Page 4 LOVE MUSIC TRUST {A company 1Smlle(I by guarnnteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOEO 31 AUGUST 2025 b. R•ser¥es pollcy Th• Love Music Trust has recwved a grant 01 £508,412 12024." t4￿1,014) for charitable activit￿ and £177,35212024 £Nill lor capital investrnenl duriry 2024125 fr¢yn The Arts Counol EWand. Irrome is also generated frcmn parental contributions for Music tts￿0n. contributions from schools fw rnusi¢al supr*yt. bcket sa* from ¢>xcert5, and selling anoj hiring of ￿t￿Ments. The unreskncted fvnds lor the year slKN* a Su￿U$ of £82S. The unf•strirted fvnds at 31 August 2025 arè £296.65512024" £295.8301. IT￿￿￿ed W￿1h1n tht bal9n￿ at 31 Augu$t 2025 & 31 August 2024 is £100.OCQ designated for lulu￿ ￿lOCati￿ costs. The T￿lee$ review levels of resources perir*J. This rg¥pw encornpas¥es thg nature ol i￿0￿? and expanditure stream5, th• néed lo match incom• *ilh oJmmrfm•nts aTrJ thè natur• ofthe resèffts. Trustees. wlicy is to carry fward a prudent level of resour￿ to support ¢he effectNe tslivery of music education into the futur¢. The level gf reserves will te k¢pt under regular revw. In ￿rryIng out Ihis rewew the Trustees will wnshyer any pot•ntsa1 thonges to fij￿re funding Kffils. FuTh*"ryJ Irom CoJn¢il has t•en secxjred until 31st August 2026. The business plan Indudes a delaif&J bu¢Jget showirrtj hcmt tlw fijnds be fvlly utilts&. Structure. governance and management a. Constttutlon The tharitab￿ company ts a limrted by guarnntee aTha ts contyoued by ts go*ming docLment, thè Memorandum & Articles of AsscoatL)n aTrJ Consti￿￿$ a Iwnrtgj company. lirnited by guarantee. 35 defineLI by the Companies Act 20LK. Th8 trustees. who are also the dire¢tors for pvrp05e ofoynpany Iw. who 5erv•d dur*ng thg year a￿Or up to ¢he date 01 $19nature of the fTh￿31 sta*rnents ￿rn". S l Burns J P Savage J C¢xell JDHill R Gardiner M Humphrèys lappcynted 26 Swmter 2￿24) P Dickson {resig￿ 9th July 2¢r25) M Pafkinson (resigned 9th Juty 20251 S A M Corcoran Iresigrtd 26 Septerniw 20241 O C Bebknngton lapointed 23 Octoter 202S} C L Ellinson lapptynted 23 October 20251 P F Robinson (appointed 23 October 20251 C Stewart {ar4)ointtd 23 Odotér 2025) Page 5 LOVE MUSIC TRUST {A company Ilmlted by guarantee) TRUSTEES. REPORT ICONMNUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Struclur8, govarnance and management (continued) b. M¥thod$ of appolnlm•nl or •l•¢tion of Truste•s The minimum numter ol Tntstees shall be 3 and ts rnaximum n¢Jmber of Trustees shall be 12. Th majorty of Trustees Where p)SSit4e the Trustees ￿11 indude the foknfirq.. - One re[*esentsts￿ from Chethir• East c￿n(lI - One Sandbach S¢hcxY Gobemor - One Headteacher trcffj a secondary schwl In tl* reg - One Headteacher Irom a primary se￿1 in Ihe regi . The Headteacher of SanLlbach Stho The critena for the above ha5* teen met ty Ihe ￿(￿nt Tr￿mbership Trustees habt vari&J and broad Skills basI5. and effots ha¥e been made during the year lo ￿c￿lI Tntsiees to lurther bo15ter ihB Skill set TrLL8tees are ￿¢ruite>Js and 5ervKes. Where Ihis ocoJr5 ts assrKAat*J entitss d8dared on ts trustees. reg15tef of businèss Inte￿$1$. Thè tran5actK)ns a￿ disdowl in thè ielated paty note to the ac￿unts. Plans for luture peritxls The list t*low outlines ts aspiralK)rs for tre Trust l￿lI¥j monits". - ThroU￿￿t 2024-25 the LMT had ènpjed Edsenbal CIC io del$4er se￿￿ into cheshi￿ West and Wirral. howe¥¢r ot Page 6 LOVE MUSIC TRUST IA company limited by guarante•) TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2025 Plans for f￿Ure perlods Icontlnued) the end of July 2025 ytar, Eds•nbal amounced th•y no k*nger bè prowJiNJ a mu5K Sèrvi￿ to Chèshir8 West and Wirral ICW&W). sin￿ that time Ihe LMT has teen w(**ing dosdy wrth Arts Cwncil England. the Mu51uans Union and Department ts E¢Yvcabon to e￿Ure that there wwkl be a crntinualion of prov￿10￿ in ihat area - Following ethnsi￿ negob"ations the LO￿ TnJst is prov¥Jing 9rant funding direcuy to schools partners in CIN&W in the same way as we ijo in Cheshire East. and as of Novembw &¢. we are also overseeiry the MUS￿ ￿ntre5 auoss the kntyrint. - Mowng forbvard thé LMT wll th dosaty wth sch¢)ob and young Feoplè across chesh￿ W•st and Wirral to •n$ure they have the same access lo prowsion and se￿￿$ as sch¢xJls do in cheshi￿ Ea*. and to help achieve that aim. four mernber5 of Ed5ential Music man&Je￿nt team h8ve TUPE transferred to *x)rk the L¢)¥e Mu&c Trust èx Hafper. Cathennè Siw￿l0Th and He*n ChetWLy>J v+ill L* I￿nI￿ the LMT as School Rèlationship Man8gars. eontinuirKJ Iheir managernent and •Jmini5trnbve rok sch￿15. music centres. ensembks and pawnts across the cheshi￿ West and Wirral footprint. whilst addibonalty Vicky ￿er￿r *ill continue to oversee and admini51er the *gnfficant Iwtrurnental stctk Ènd ensernb￿5 from the newIy tranSfEr￿ In51nmt SID￿ in Elles￿￿re Port. . The LMT has reached an agreement Edsenbal to W the 85(￿ Mus￿￿ irstruments and take on the lease of the bi#ldire hous¥)9 these in E1lesrne￿ Pori For 2025126 al Primary schools in c￿shire and the Wirral have again been offered a grant io support First AccEss programmes and an ad￿rt￿nal grwt to suFyort ￿￿tInUatiOn the of**ich is based on nlxnbers on the school roll - All cheshi￿ East sétsj￿ary and Sp8cral scho￿ ha%* b&8ft olfer•S a capital grant IDr t1￿ pwpose ofwrthasiffJ of new musical instruments, wthilst all cheshi￿ West aThJ Wwrnl se￿￿￿ary I sreoal schooL8 have been Offe￿ a ￿venUe grant. The partnership with Royal Northem Col*9 of arnj SaTrJbach 5chod thill continue into its seventh year, supporting the Cheshire Spaca'alist Music Course. Th• toutse continues to cat•r for htghty tsl•nt*d A Level music studants intèrasted in a carèer based In musical perfomlance. Auoss 202&26 the LMT expl¢)re expandir#J this prwsion at a cEntrelsl In Ckneshi￿ West and Wirral *so. Srnall Group In5trum8nlal k550ns ISG&II Conts"n￿ to b8 adverti58d to schoolslpupils and parenls, 85 w• continue develcpiffj a tutor base with skills and Capacty to deliver this programme. In partnership with Ch85hire East SFéts"al SthDJls tha LMT will be de¥doping an I￿u￿¥* '%de by SKle' orchastra lor young pecple wilh aThJ v+ithout a&dilM)nal meds prDVKliNJ a regU￿r music oppjrlunity ycwJng ￿L￿tr. - Through ongtsing needs analyss CPD ¢xJurses wll contink* to be thnbfied whilst for 202Y26 a CPD n￿de1 will see coneurrent meetings I ne￿or￿1r9 se$3iwo t*irg ￿8¢e in the Wirral. Cheshire West and Cheshire East with the live CPD element streamed li%* from one veNe and frcffi cth8ts. - LMT will conts.nue to record and stream the (￿e SENEYFS.MuS￿ Makers. kwjramme into SEN seth.ngs opening this up tts Cheshire West and Wirral setbThJs akn. - LMTS cost effecti¥* instrument semce wll be haM￿lSe￿ wth Ihè pmwsKJn in CW&W. . The Twst wtll look to expand •ng•)￿nt the range of I￿, f8giortal aftd national partn8rs artssts to delI￿r the broad prograrnme ofmusical SUP[0￿.Th3 yourg people in cheshi￿ aThJ the Wirral. Rlsk factors The trust¢es hav8 assessed majcy risks trj Ihe tharrtabk cLNThpany is •N4)osed and arè satisffied that syst•ms ar• in plaTr to mrt￿ate exposu￿ tothe major r¢ks. Page 7 LOVE MUSIC TRUST IA c¢mp•ny limited by guarantee) TRVSTEES, REPORT {CONT114UEDI FOR THE YEAR ENDED 31 AUGUST 2025 statement of Tru$ts•s' responslbllltles The Twstee5 1%tho arè aLw thè dir8Ltss of the Company frjr puTpos•s of company lawl afe responsible lor preparing Trustees, rewl the financial stalements In acwdance wth applicat4e ￿ and Unrted KiWJm Accounting Standards Iuniteil Generally A￿epted Accounty'ng Prathcel. Company law requires the Truslees to We￿re finaroal Statements lor eath ffiTra￿al year. UTrJer crryany law. the Trusl8e5 must not approve the finanoal staternents unless they ate satisffied that they give a true and fair Vi￿ of the state of affairs of the Company and of its Incoming resovr¢es and applic?￿n ot ￿$0Yr￿. induding ts income and expenditure, for that Ferioj. In p￿paring Itv finanoal statements. Tn15tees are required to.. 5dect sulta￿e acwJntiThJ poliaes and then appty them conysténty. obseNe the melhods and pnn(j￿es of Ihe Chanties SORP IFRS 1021.. make iudgmwts an(J accounbng èstimatès that are ￿?$&nable and prudent". state whether applicable UK Ac¢ounlrng Standard5 IFRS 1021 ha￿ twi lollow￿, subj'ect to any material dÈpartur•s disdose lor the year ended 31 August 2025 which compn5e the Ststement of finant4al activitie5. the Balance 5he< the Slatement of cash flows and the related notes, induding a summary of signiftsnt accounting p￿1￿. Thè finan¢ial reptrtiNJ tramewcmk that has been applied in thèir preparation is appl￿ble law and United KirvJth)m Accounb"ng Standards. Induding Finanrial Reporttng Standard 102 'TMe Finanoal Reporting StarKJard awlicable in the UK and Republic of IreJaTr* (United K￿￿Orn Generally A¢r•ted AccLJunting Practite). In our cynion thè finan¢ial ststemènts". give a aThJ lar VI￿ ol the stste of chaniabl? cornpanls affairs a5 at 31 Auw5t 2025 aThJ ol it5 inmiThJ sources and applicatr￿ of resources. ind￿J1￿ ils incone aThY ex￿ndI1u￿ for the year then ended.. have been property Prepar￿ in accordan￿ with Unrted Its￿dc￿ Generally Acceptstt Ac￿ntirn9 Practice.. and have been prepare(l in rewirements Of￿ Chantes Acl 2011 8asls for oplnlon We o)nduered tyjr amjit in aCC￿￿an￿ wth Internat￿* sia*1arts on AtyJib"ng IUKI IISAS IUKII and appliCa￿e law. Our sponsibl1t￿$ under those s¢an¢Jards are futher descritett In the Auditors, respon51tMlities for the audit of the financial statements section of our reporL We are independ8nt ol the chantstje company in accordance with the eihical requirements that ar• re￿vant to our aLbJii ol the finanoal ststements in the Unit6d Kingth, Including ihe Financial RepO￿ry Councifs ElhIC￿ stsThJard. and *e have fv1fi118d our otsr ethical ￿Spor￿tY.1lknes in accordan￿ vrtth these quirements. We beliese that Ihe audrt eVKIen￿ ￿ have ¢)btsiwl 15 5ufficEnt aTrJ appropriate to prowde a basi5 for our opinioTh. Conclusions relatlng to golng concern In audits"NJ the finanual ststernents, have c4Jncluded that Ihe Tru5t•os' use of the ge4ng bas of ￿￿O￿ntI￿j in the preparation of th• finanttal Stat￿)ents Is apyrtynate. Bas￿ on the work have ptrfom)ed. ￿ hav• not Klèntified any material uncartainties relatiNJ to events or conditio Ihat. indiwdually or colK8cts"¥ety, may cast ￿niT￿nI th)ubt ¢)n ￿ chariiable ccmpanys abilty to continue as a going concern a Feric¢Y of ai kast tr￿Ve morths frorn when the finanoal statements we authori￿ lor issue. Our rÈspon5ibilIt￿ aThJ the reSponsts'l￿"es ol the TrLL8tees wth re5pert to Co￿eM a￿ descritrAd in the ￿￿vant sections of this ￿P Other informatlon Thtr other inbmiab.on c(xnwses the infomwbon indu(Jed in th• Amual report olher financ491 Stat￿18nts aThJ our Audf(ors' report thewn. ￿ Tnzslees are ￿$p￿1bbe for the ot￿r infom)abon conta1ned within the Annual report. Our opinion cffj tht finanoal statements ¢k*s not cover the other infwmation and, exc• tr) the extent otheThM5e expliotly stated in o¢Jr report. do not expres5 ary form of a&Evran￿ condusion thereon. Our r&4)onsily'lity is kn rea¢ the other information and. in d(xng so. CO￿thr whether the other informal￿￿n is mateiially irKon5iStent wth the financial statements or our knowledge obtain8(l in the course of th• audit. or othorws• appears to b• matenally misstateE1. If ¥SE ¥Jentify such material intonsistenues or app8￿nt matenal misststwnents, are requirwj to determine vrt*ther this gives nse to a material missla￿ent in the finanryal statements them*ves If. based gn the work have perforn•Y. we concjude that there is a matenal misststerrenl of this other infOr￿bOn. are ￿q￿￿ed to report that facL We habt nothing to report in this r￿8[￿. Page 9 LOVE MUSIC TRUST IA ctynpany Ilmlted by guarantee) INDEPENOENT AUDITORS. REPORT TO THE MEMBERS OF LOVE MUSIC TRUST ICONTINUEDI Matters on ￿1¢h w8 are r￿UIr￿ to rnport by •xceplion We have nolhing to rem in respect ol the matters where the char￿e$ {Auounts and Reports) Re9ulations 2CK)8 requires us lo report to you if, in our opirw￿". infoFTnat50n giv8n in the Truste8s' re￿rt is I￿ongs￿nI in any material ￿$￿e￿with thè finanual slatements," or suffirgent 8¢￿vni1n9 rerxy¢ts have not kept.. or e finantyal statèments a￿ not in agre*m•nt wth the actounting records aThJ returrts" ¢x %4* have not r8C8ived all the inforrnatson and wk8nabons w8 require (Drour authi. Respon3lbllltles of trustees As explained rnoFe YUHY in the Trusle85' Te5portsth"lrti￿ 5taiemenL Tnkstee5 IwhD are also ts direclors of the chaTitable company for the purposes of company lawl are resptswtye for the p￿parats"0n of the frnancial statements and for being satisfied that they give a true and fair v￿w, and such Intemal control as the Tn￿tee5 detennine Is necessary to enable the p￿parat￿ Offina￿al statements that are free from mat•nal rnl5stat8￿t Wlhether due to fraLbJ or errrA. In prepariNJ tha frnantsal slater￿nts, the Tn￿tee5 are respow￿& assessirwJ the charitsble corn￿ny'S aky'lity to contsnue as a going ¢orKem, disclosirg, as applicable. matters ￿lated to going con￿rn and using the wng ¢oncem basis of accounting unless the TnJ5tees either inteThJ to Iwu*Jate thè tharrtth company or to cease orEration$, or have no realisti¢ altemati¥e bui to do so. Auditors. responslbllltles for the audlt ol the financlal slaternents Wè have been app¢Jn¢ed as auditor under sectyt￿ 144 of the chariti.es Art 2011 and rewt fft aC￿r(lan￿ wlh the Act and levant regulations made or haviry effect thweur#Jer. Our objectives arè to obtain reaSOna￿e assuran￿ about whèth•r thé financial statement5 as a whok are fw from matèrial misstatement, whether thje ro fraud or errty, and to issue an ALNJitors' reKM)rt that Includes tyjr opinien Reasonab assuran￿ is a hvJh kvel of assurance. LS not a guarantee that an audit rjjnducted in accordance with ISAS IUKI wll ah¥ays detect a material mis5taternent ￿￿n it ex￿ts. Misstatements can arise from fraud or error and are conSide￿d rnaterial if. indi￿(lUally or in the aggregate. they cryJkJ reasonabty be eyrected to ￿Uence the ecenc*nic decisions of users taken on the basbs of these financu?I statements. Irwularities. induding fraud. are InStsn￿$ of noTrcomplianr2 wilh law5 and regulations. We dwn proce(lures in line wth our resporisibilities. ouUined aLx)ve. to detect matenal misstatw*nts In respect of Ir￿Ula￿tIes, inclL*ling fraud. The extent to whir* our prc￿edureS am capat4e of det•CtiTrJ Iryegul*￿es. indudiro fraud is detailwj ￿0W." The audit team obiained an under5tsndiThJ ol Ihe *al aTra regulaw frarnewth5 that are appliCa￿e to th8 Cornpany and dele￿ir*￿ that tre most SKJnffjcani a￿ tI￿e Ihat relate to th8 ￿[￿>11￿) framew(Mk IFRS 102 and the COmpan￿e$ Act 20061, the Charites Act, SORP. ￿le¥affi tax re9ulabons. wnF4oyment law. and Safety Regulations and the EU G•n•ral Dats Protection Regulat￿ IGDPRI. We under3tocKJ how the ¢xmpany is wrth ts5e ￿￿T￿￿[￿S ty m*ing ewuiries of rn8na9emènt those responsiblè for legal and comp41￿￿ pr(Kedures. We a150 bts8￿ minutes to identsfy arry rècordèd instsnces of irre9ularrty or nOn-complrd￿ that mwjht have a material impact on the finanaal statements. Page 10 LOVE MUSIC TRUST (A c¢xnpany lirnited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE AIEMBERS OF LOVE MUSIC TRUST ICONTINUEDI We assessed the suscepty￿1ity of the c￿nPanY'S finanoal State￿nts to materol mBststement. induding W fraud mvJht occur by rneetill9 Wrth key rnarwgement to under5tsnd thty cnnsdered thert was susr•ibility to fraud. Based on our understsnding our procedures Invdved erx)uiries of rnanagement and those charged with govemance, rnanual ioumal entry tesb"ng. cashbook ￿V￿S for large and unusual items aTrJ the chalkrge of 5wnificaffl accounting estimates used ir preparing the financial statemenls. Be￿USe ol the inherent limrtations ol an awlil. a risk thal ￿ Will r￿1 dgtect all irwularibes, ind￿1Thg those leadiThJ to a material rnisstatwnent in Ihe finanoal statements or non>Jy, for our au(kl work, lor repjrt or forthe cpinion5 ha￿ formed. WR PartneryJ Charte￿d A￿)untants Sialutory Audrtors 3 Royal Court Gadbrook Park Northwich Cl*shir• CW9 7UT 14 January 2026 WR Partners are el¥Jibk to acl as auditrys in OfseCti￿ 1212 ofts Act 20%. Pag811 LOVE MUSIC TRUST IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AMD EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025 lknrestrrcted R•strictsd funds funds 202$ 2025 Totsl funds 2025 Total funds 2024 Income from: Donations and legacies Charitable activ￿"t$ Investments 3.217 571.893 703.133 706,350 571,893 2.004 521,816 523.964 2.273 Total income 677,114 703.133 1.280,247 1,048,053 Expèndi￿￿9 on: Charitable activities 574.752 558.484 1.133,236 t,034,531 Total expendituro 574.752 558,484 1.133.236 1.034.531 Net Sncome 2,362 (1.53n 144,W 1.537 147,011 13,522 Transfers belween funds 15 Net movement In funds 825 146,186 147.011 13,522 Reconc115ation of fund5- Totsl fund$ brought forward Net movefflenl in fiJTrJs 295.830 82$ 96,855 146.186 392,685 147,011 379, 163 13,522 Total lund$ carried fonvard 296.65$ 243,041 539,696 392,685 The strth￿t of FiTranoal A¢Mie5 i￿￿￿5 all 9ains arxl 1055e5 rerywiwj in the year. The notes on pages 16 to 35 fomi part of t￿e finaniial Stat￿*r￿. Page 12 LOVE MUSIC TRUST IA company limited by 9uaranteel REGISTERED NUMBER: 0812349S BALANCE SHEET AS AT 31 AUGUST 202S 2025 2024 Flxed assets Tangible assets 12 243.041 96.855 243.041 96,855 Current assets Debtors Cash at bank and in hand 13 17.$48 423.523 13,525 344,597 441.071 358.032 Current Ilab•lities Creditors.. amounts falling due *ithin one year 14 1144.4161 (62.202) Ng1 Current assets 296.6SS 295,830 Totsl nèt assets S39.696 392,685 Charlty funds R￿trIcted funds Unrestricted funds 15 15 243.041 296.655 96,855 295,830 Total funds 539.696 392, 685 The entity was to eAnption frcth audrt ￿d￿r $8ction 477 ofthè Cc¥npanies kt 2C(fj. The rnèmbers ha¥e r8quirwJ the enbty to obtain an awjit for the year in quests"￿ ¢n accordance ￿th seth.on 476 of the Cc¥nparues Act 2c#X. How￿￿r. an audrt is requir•d in acrorrlance wrth section 144 oftre Charrtxs Ad 2011 The Trust895 acknowledge thtsir respMsits"litse$ for c(*mptyiry wth lh• wi•rernents ol th• Act with reyct to acLountiThJ records and pf•paratLon of finanoal Stste￿￿nts. Page 13 LOVE MUSIC TRUST IA c¢)mpany limlted by guarantee) REGISTEREO NUM8ER: 08123495 BALANCE SHEET ICONTINUEOI AS AT 31 AUGUST 202S The financ481 slattm•nts have prepa￿d in accordan￿ with tr* provis¥)ns ak¥Jli¢able to enbtes subject to th• small cempanies regime The ffinancial stateménts waf• aFproved and auikn.sed lor issue by the TnJstees and svJned on thw behalf by. M Humphreys (Chair of Trustees} Dat8. 15 Docembw 2025 Th• notes on pages 16 to 35 fomi part of tlwe finanual statwnents. LOVE AIUSIC TRUST IA Company Ilmitsd by guarnnt•• STATEMENT OF CASH FLOWS FOR THE YEAR ENOED 31 AUGUST 2025 2025 2024 Cash flows from opgrating a¢tlviti Net cash used in operating acb"yib"es 17 275.272 7. 751 Cash flows from invesllng activtties Proceeds from the sale ol tangible assets Purchase of tangible fixed assets 259 (31, 788) 1196.266) Net Cash used in Investlng actlvttles 1196.2561 131.5291 Cash flows from financlng acllvities Net cash provlded by flnanclng acllvllles Change In cash and cash equivalents In the year Cash and cash equivalents al the beginnrng of the year 79,016 123.7781 368.285 344.507 Cash and ush equivalonts al the end of the year 18 423,523 344.507 Tht notes on pages 16 to 35 lorm pwtof tsse finwwl statements Page 15 LOVE MUSIC TRUST {A company Ilmitsd by guafanl••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Charlty infommtion Love Music Trusl is a private company lirnited by guarantee incorporated in England and Wales. The registered office is Unrt 2a. B￿￿well Court, BraJ5l effe(*ve interest rate methc¥J. Trade cwditors are c*Jluation$ lo pay for goc4J$ or Se￿￿￿$ that habe been acquired in the ordinary course of operatsons from supplier5. Arnwnts paYa￿e are da5sified a5 ￿rrer•t Iiabilibes if payment 15 due wilhin one yèar or less. 11 noi. they a￿ presented as non￿￿nI liabilit￿$. Tiade creditors a￿ recognised initially 8t transaction pr￿e and svbse]uenUy rneaSu￿ at ￿lYtL*J cost effedfft lTrte￿t methocl Derewtlon of Ilnartlal liabilhl•s Finanejal liab11rt￿ a￿ dewnised T￿￿￿] the tharrtabk company's contradual oblgations expire or are tjischarged or w¢elle(l. 2.10 Employee benefits Payments to dèfinèd eonlnbutth r•tir•mtirt bèrwfit 5¢htmès are thar9ed as an exptrtsè as th•y fall dw. Page 18 LOVE WJSIC TRUST IA ¢ornpany Ilmlted by guaran1¥•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Incom• from donations and legacles Unrnstrict•d R•stwictÈd Fix•d ass•t funds funds fund 2026 2Q26 202S Tofal lund8 2025 Donations 1.360 17,370 177,353 18.730 68S.76S 1,857 Grants Olher inwming resources 508.412 1.857 3,217 508.412 194,721 706,350 Uniestricted funds Reslncted Fixed asset fijnds fund 2024 2024 Total funds 2024 Donations 5,153 13,668 8.421 8.593 503,682 9.541 Grants other incoming reswces 490.014 1, 120 27.242 490,014 521,816 Income from charitable actlvities Tolal nds 2025 funds 2025 funds 2024 PrwessK)n CPDISMEP Ensembles First Access HQME Instruments Singing 248.689 58,(62 12,232 170,168 27.200 36,608 18,934 248,689 58.062 12.232 170,188 27,200 36.608 18.934 212,569 54.345 13. 152 164,888 24,433. 37.917 16.660 Total 2025 571,893 571.893 523,964 Total 2024 523.964 523,964 Page 19 LOVE MUSIC TRUST {A company limited by guaranle•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Investment Incom• Unrn$trfjct•d funds 2026 Total funds 2025 Total lunds 2024 Interest receivable 2.004 2,273 Total 2024 2,273 2,273 Grants payable Grants to $chool* 2025 Total funds 2025 Progfe$$ion First Access 22.114 44.549 22,114 44,S49 Total 2026 66.663 66.663 Grants to schools 2024 Total lunds 2024 Progossion CPDISMEP 20,492 28.000 42,689 20.492 28.000 42.689 First Access Toto12024 91, 181 91, 181 Page 20 LOVE MUSIC TRUST (A company limitsd by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Analysls of expenditure on charllable actlvltles Sumrnary by fund type Unrestrkted funds 2025 R8strf¢led funds 2025 Tolal 2025 Pfogression CPDISMEP Ensembles First Access 269.011 51,956 12.586 195,845 14,190 14.646 16.518 42.755 82,148 90.150 82,747 82,645 98,431 79.608 311,766 134.104 102.736 278,592 96.835 113,077 96,126 HQME Instruments Singing 574.752 558.484 1.133.236 Un￿Stn¢t$d fvnds 2024 Restricted funds 2024 Total 2024 Continuation CPDISMEP Ensemble5 Fitsl Access HQME Instruments Singing 259.945 259,945 181,331 95,486 241, 795 86, 704 82, 727 86,543 181,331 94486 11,726 86. 704 51,548 86.543 230,069 31,179 513.338 521. 193 1,034,531 Page21 LOVE MUSIC TRUST (A wnpany Ilmited by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Anatysis of expenditure on ¢harit*ble activities (continued) Summary ty gxp8ndlturo typ St•ff ¢osts f*pre¢latlon Other costs 2026 2025 2026 Totsl 2025 Prts3ression CPDISMEP Ensembles First Access HQME Instfuments 169,121 44,441 19.678 22,204 37,042 24,170 59,586 3,309 139,336 89,663 83.058 256,388 59,793 42,144 36.540 311.766 134.104 102.736 278.S92 96.835 113,077 96.126 46.763 Singing Total 2025 376.242 50,072 7C6,922 1.133,236 Staff costs Dep￿C￿tron ofher costs 2024 2024 2024 Total 2024 ConlinL CPDISMEP Ensembles First Access HQME Instruments Singing 168,267 91,678 130, 723 78,968 220, 752 54,015 36, 123 29,086 259,945 181,331 95,486 241,795 86, 704 82,727 86,543 16.518 21,043 32.689 15,425 57,457 31.179 Total 2024 362.LX17 31.179 641,345 t,034,531 Page 22 LOVE MUSIC TRUST IA company Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 Anatysls of expendliur• by acllvltles Actrvfjtiel undertaken directy 202S Gr4nt lunding of a¢ti¥fftle8 2025 Support ¢osts 202$ Total fvnd8 2025 Progression CPDISMEP Ensembles 216,145 94.416 73,964 163.584 68.580 82.109 70.364 22.114 73,507 39.688 28,772 70,459 28.255 30.968 25,762 311.766 134.104 102.736 278.592 9S.83S 113.077 96.126 First Access HQME Instruments Singing 44,549 Total 2025 769.162 66,663 297.411 1,133,236 Aclivit*s undertaken Granl fvnding ol acfwit￿s 2024 Support costs 2024 Tot81 funds 2024 2tr24 Continuation CPDISMEP EnsemlAes First Aceess HQME Instruments Singing 189,815 113,243 74.976 148.565 66,983 62.436 68.228 20,492 28,000 49,638 40,088 20,510 ,541 19, 727 20,291 18,315 259,945 181,331 95,486 241, 795 86. 704 82, 727 86,543 42,689 Total 2024 724.246 97.181 219, 104 1.034.531 Page 23 LOVE MUSIC TRUST IA c¢xnpany limlted by guarant•e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of 8xwnditurn by activities Icontinuedl Anatysls of dlrnct costs pr09rn￿1on CPOISMEP 2025 2025 Ensernbles Flrnt A¢¢¢$$ 2025 2025 HQME 2025 Stsff costs Tutor charges Instrument costs Venuelevent costs Mugc direction Travel and subsistence 9.489 189.647 44.441 38.973 19.678 22,204 140,888 37.042 3,532 2e 6.330 31.788 59 92S 22.187 835 3.900 251 3,081 1,576 Training and quality assurance Commissioned partner costs Marketing Sundry Music purchases Remissions 12.515 202 3.706 29 5,317 25 185 414 241 13.121 2,462 Total 2025 216.145 94,416 73,964 163,584 88,580 Page 24 LOVE MUSIC TRUST IA company limited by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Analysi¥ of expendllurn by activities Icontinuedl Anatysb of dlroct costs Icontlnuedl Total lund8 2025 Inslrnm•nts 2025 Sinylng 2025 Staff costs Depreciation Tutor Charges Instrument costs Venuelevent costs ￿￿￿C direction Travel and subsistence Training and qual¢ty assurar Commissioned partner ￿$t$ M8rketing Sundry Musc purchases Remissions 24.170 45.869 59,586 216,610 45,869 378,9SS 5,688 30,628 31.788 8,738 5.476 12,515 202 12.452 1.534 18.707 5,915 5.662 1.127 2.406 1,505 878 1,165 3,124 Totrl 2025 82,109 70,364 769.162 Prcwswn CPD/SMEP Ensembles Fwst Access 2024 2024 2024 2024 HQME 2024 staff costs Tulof charges Instrument costs Venuelevent costs Musi¢ direction Travel and subsiSt￿￿e Training and quality assurance Commissioned pather costs Marketing Sundry Music purchases Remissions 9,022 167.087 16,518 21,043 126,532 32,689 3, 760 48.195 21 6.396 31,201 2, 126 26.069 33 1.050 844 1,383 825 15,250 107 440 383 2,540 2,414 865 2.946 146 1,616 10.394 Tolal 2024 189.815 113,243 74,976 148,565 66.983 Page 25 LOVE MUSIC TRUST (A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENOED 31 AUGUST 2025 Analy$l$ of expenditure by activities (conlinuodl Analys1$ of dlrnct costs Icontlnuedl Total funds 2024 lnsttyn￿ntS 2024 Singing 2024 staff costs Depreciation and impairment Tutor charges Instrument Costs 15.425 27,444 57,457 202. 762 27,444 351,441 12,446 39,660 31,201 9.267 4.329 15,250 742 9.260 3,330 17,714 5.867 12.425 Venuelevenl costs Music direction Travd and subsislence Training arKI qualty assurance Comrni$$ioned partner costs Marketing SurKIry Music purchases RemissKJn8 255 2. 132 1,699 868 2.082 4. 180 rolal 2024 62,436 68,228 724,246 Page 26 LOVE MUSIC TRUST {A company Ilmlted by guarnntw NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysi8 of expenditure by activities l¢ontiThu•d) Analysls of support costs Total fvnds 2025 Tot81 funds 2024 Staff co$t$ Depreciation Insurance IT sofvare and consumables Sundry Postage and st*ionary Rent and premises costs Repairs and renewals Telephone and inlemet Stsff development Advertising Professional fees Audrtors I Independent examinkn.on fee 159,632 4.203 5.375 17,091 1.900 3.011 12.345 4,960 159.245 3, 735 4,385 5,661 1, 159 2,327 12,368 5,535 li 5,32S 343 12,859 60,887 9.480 5.907 99 456 8, 733 297.411 219, 104 Audttors. remvngratlon The au¢Mors' remuneration amounts to an atyyitrw fee of £7.W R024 _ £7,2￿}. aThJ preparation of financial ststements of£2,45012024- £2,2￿. 10. Staff costs 2025 2024 Wages and salaries Social securty costs contribub.on to defined contribution pension schemes 291,680 28.805 SS.757 278,841 27,534 55.632 376.242 362,007 Page 27 LOVE MUSIC TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Slaff costs IcontiTru•dl The aver￿ number of perscMB wntyoyed by fv C￿npanY durwwJ thè yèar was as folb*s.' 2025 2024 No. Management Charitaue Achvities Support 10 The nurn￿r ofemployées whcéè empknyee lexdudiry emtdoyer Costs) exceeded £60,COJ was". 2025 No. 2024 In the ban¢J £60,001- £70.000 11. Trustees. remunerdtlon and expenses During the yew. no Trustees receNgd any reM￿￿10n tr Ollér b8n•fits (2024- £NIU. During the yew ended 31 Au9thSt 2025. no Trustee g¥)enses have been i￿Urred (2024- £NIU. .Page 28 LOVE MUSIC TRUST IA ¢tynpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 AUGUST 2025 12. Tangible fixed assets Fixtures and Ilttlngs Computer ¢quipment Instruments Total Cost or valuatlon At 1 September 2024 Addrtions Disposals 20.028 329 27.465 3.893 435,458 192,034 11,IX131 482,951 196,256 11.0031 At 31 August 2025 20,367 31,358 626.489 678,204 D•pr•cla¢ion At 1 September 2024 Charge for the year On disposals 14.395 19.134 3.112 362.567 45,869 {808) 386.096 49.875 18081 At 31 August 2025 15,289 22.246 397,628 435,163 Nel book Yalu¢ Al 31 August 2025 6,068 9.112 228.861 243,041 At 31 August 2024 5,633 8,331 82,891 96,855 Page 29 LOVE MUSIC TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2025 13. D•btors 2025 2024 Oue withln on• year Trade debtors Other debtors Prepayments and a¢¢nJed income 10,334 240 6,974 4,215 2,833 6,477 17,548 13,525 14. Creditors: Amounts falling due within one year 2025 2024 Trade creditors Other tsXaI￿n and swal security Other creditors 52.754 4,519 4.075 83,068 15,832 4,032 4.062 38,276 Acwals and deferred •r￿me 144,416 62,202 .Page 30 LOVE MUSIC TRUST IA c¢xnpany limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Stat9mgnt of funds Statement of funds- Current year 8alance at 1 September 2024 Balance at 31 August 2026 Transfers Inlout In¢omo Expenditure Unrestricted funds Unrestricted fvnd$ 295,830 577.114 1574,7521 11,5371 296.655 Restricted funds Arts Council 508,412 1508,4121 Fix•d assets Fixed assets ACE cap¢tal grant 96.855 17.370 177.351 {28.4191 121.6531 1.537 87,343 155,698 96.855 194.721 {50.0721 1.537 243,041 Totsl Re8trfcted funds 96.855 703,133 1558.4841 1,537 243,041 Total of filnds 392.685 1.280,247 11.133.236 539,696 I￿luCkd in the unrestrthd hjnds ai 31 August 2025 & 21Y24 is £1OJ,OCKI deggnated for ￿l￿a￿an cnsts. Page 31 LOVE MUSIC TRUST IA ¢*>npany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Stat•m•nt of funds {¢ontinued) Statemenl of funds- prlor year Batsn¢e I September 2023 Balance al 31 August 2024 Transfers in/oul Income Expendrtu Unrestrlctsd funds Unreslrieted fvnds 282.660 553.479 (513,338) f26,971J 295,830 R¢strlcted funds Arts Counul 490.014 {490.014) Flxed asset fvnd Fixed assets 96,503 (37. 179) 26.971 96,855 Total Restricted funds 96.503 494.5T4 (527. 193) 26.971 96,855 Total of funds 379,163 1,048,053 (1.034.531) 392,685 16. Analysis of net assets between funds Anatysls of net assgts betwwn fvnd$ - CUTrenl year Unre#tri¢t8d funds Fix•d assot lund8 2025 Total funds 202S Tangible fixed assets CUr￿nt assets Creditors due within one Jear 243,041 243.041 441.071 1144.4161 441,071 (144,4161 Total 296,655 243,041 539.696 Page 32 LOVE MUSIC TRUST (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. An•ty$ls of net assets betwgon funds lcontlnu￿D Anaty8i8 of net assots bet￿fi funds- prlor y•ai Unrestricted runds 2024 FIX￿ asset furnjs 2024 T¢t&l lunds 2024 Tangible fixed assets Current asse15 Credrtor$ due ￿thin one year 96.855 96,855 358,032 (62,202J 358,032 (62,202) Total 295,830 96.855 392,685 17. Reconclllatlon of net rnovoment In funds to n•t cash flow from op•ratlThg actlvltles 2025 2024 Net inc(￿￿ forthe yew {as per Statwnent of F￿ana￿ A(￿¥￿e$l 147.011 13.522 Adluslmonts for: Depreciation charges I￿rease in debtors Increaselldeerease) irt creditcrts Loss on disposal of fixed assets 49,875 {4.0231 82,214 196 31,178 (3.691) f33,258J Net cash provided by operating adivilles 27S.272 7, 751 Analysls of cash and equivalents 2025 2024 Cash in hand 423,623 344,507 I'otal cash and cash equivalents 423,523 344,507 Page 33 LOVE MUSIC TRUST IA company Ilrnited by guarantee) NOTES TO THE FINANCIAL STATEME14TS FOR THE YEAR ENDED 31 AUGUST 2025 19. Analysls of changes In net debt At1 September 2024 At 31 Augu¥t 2025 Cash flot# Cash at b8nk and in hand 3M507 79.016 423.523 344.507 79.016 423.523 Pension wnmitinents The Charrtable C¢Jmpany operates a defined ¢￿tn"but￿ penS￿n scheme. The assets of the stheme a held separately from those of the ￿MpanY in an independently administered fvnd. The pension cost charge represenls contnbutions paYa￿e by the company lo the fund and amounted to £55.757 12024 £55.6321. The ¢ontn"buts"ons payable to the fund at the balar￿e sheet date are inclutjed in creditors. The pension creditors at the balar￿ sheet date were £4.07512024- £4,062). 21. OperatiDg lease commitrnents At 31 August 2025 the Ccmnpany h•J crynnwlmenls to rn*e fuiure miThmum ￿#58 payments under non-c8ncellatAe operating lease5 as follow5.. 2026 2024 Not later than 1 sEar er than 1 year arKI not kler than 5 ￿arS 1.824 5.322 556 696 7.146 1,252 Page 34 LOVE MUSIC TRUST IA company limited by guaranlee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 22. Related party tAnsa¢tions The charity has Identified the foJl(N4irg ffjlated party tran5ath"on5 duri￿ the fina￿131 year. in COM￿7ance hwth FRS 102 Sechon 33 Trustees arnj key management personnel a￿ o)nskYereil ￿ated part*s, as ￿¢1 as entrties with %thi¢h twstees hol¢ sgntsnt Influen￿ or wntrd The lo110￿rt9 tr￿$*￿5 V*ith related p•t*s ocoJrr8d during Ihe year. Jonathan Savage. a trustee of the chanty. i8 also a directrK of Ucan Pkqy Lby. Purchases of se￿￿$ from Ucan Play Lt(J duriw the year amovnted to £153.￿3{2024.. £Nill. There ￿Ere no outstatxling balan￿$ wrth Ucan Play Ltd at the year end. Emma Clark, a trustee of Ihe charity. Is also a director of EWrth Hall Primary Schod Sales of services to E￿rth Hall Primary Sthool during the year arnunlgj to £28212024.. £15.2111. whle purchases of semces totalkd £5.655 12024.. £1821. ThtrrÈ were rb) OU151￿*￿1￿j balarK•s E￿rth Hall Primary Sch)d at th? year ¢￿1. Sandbath SchcKJI is the sok member of LO￿ Trust and is tyWefrJ￿ the uttimate contrc4ling party. Sales of seNces to Santhch sch￿ durirg the year total￿ £502 12024.. £1641 and wrchases ol servi￿$ amounted to £107,436 12024 £108.4071. A tralan￿ of £287 12024.. £NIll was cwed to the tharity at Ihe year end. while an *nount of £8.98012024". £8,038) VAS ¢)*ed by the chanty to Safy*ach Schts)l. Page 35