Charity nurnber: 1151915
MUSICAL KEYS
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

MUSICAL KEYS
CONTENTS
Page
Reference and admini¥tralive detsil¥ of Ihe Charity. its Trustee¥ and adviserJ
Trnstees. report
IDdependent examinerf¥ report
Statement of financlal actlvltles
2-10
11-12
13
Balance sheet
14
Notes to the financlal statements
15-30

MUSICAL KEYS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2023
Tru$tso8
Mr Edward Graham Jones
Ms Lucy Child
Mr Christopher AlexaThJer Towndrow
Mr Stephen Shaw
Ms Kathryn Wright
Ms Alison Ridley
Ms Amanda Reynolds
Charlty r•olsIer￿ number
1151915
Prlnclpal offlco
Martineau Memorial Hall. 21 Colegale. Norwith, Norfolk, NR3 1 BN
Chlef executlve ¢)fficoW
Gervase NewTick
Accountsnts
Larking Go￿n LLP, 1 sl Floor. Prospect Hcuse, Rouen Road, NoThMch. NR1 1 RE
Pag8 1

MUSICAL KEYS
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Th8 Trustees present their annual report together wlh th8 financial statements of the charity for the year 1 April
2022 to 31 March 2023.
The Tnjstees confirm that the Annual report and financial statements of the charity comply with the current
stalulory requirements, the requirements of the charity's goveming document and the provisions of the
Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance
with the Financial Rep)rting Standard applicaNe in th8 UK and Republic of Ireland (FRS1021.
Obl8CtSv88 and actlvltl•s
Pollcl•s and obJ•ctlv•8
In planning our activilies for 2022123. the Trustees k8pI in mind the Charity Commission's guidance on public
ben81ils and as such Music81 Keys acliv8ly seeks engagement people from all backgrounds bul with
particular regard to peop18 who have exp8fience of disabilities or disadvantage. Music81 Keys fully complies
with all relevant logi￿allon.
Musical Keys, vision is equal access to music and ¢realivily by providing music arKI arts a¢tivilies with a focus
on inclusivity. Th8se aclivili8s include ongoing music groups which are managed and funded by Musical Keys
in response lo lttal need., outreach activities run for the seNice users of another org8nisation such as a
voluntary organisalion or school,. and speafic funded projects s¥thich may be limited lo th8 duration ol the grant
obtsined lo fund Ihem.
Musical Keys, high.quality music, arts and movement activities are designed lo encourage the physical, mentsl.
educational and social development andl or vtsllbeing ol the participants as well as to provide support and
involvement lor parents, carers, guar(Jians and &blings might otherwise feel isolated or lacking support.
Our programmes are delivered across the county of Norfolk and use a range of traditional and modeffl
inslrumenlation and technology. Our work falls into five calegories.
Unite". sessions for (￿&year-oldS and their familles."
Express.. work wlh all ages and 8bililies..
Evolve.. ￿t)rk in s¢hools and Colleges..
Connect.. activib.es for older peorAe living with ag&related illne&% or diSa￿'11ty.. and
Innovate.. new projects and new ideas.
In $8tting i)biectives and planning for activities, the Trustees have given due considèration lo general guidanr
published by the Charity Cixnmi5sion relab.ng lo public benefit, including the guidance 'Public benefit.. running a
charity IP82)'.
Page 2

MUSICAL KEYS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Obloctlvas and a¢tSvltlo8 Icontlnuedl
b. Actlvltles underLqkon to achl•v• oblectlves
Musical Keys groups and projects..
Musical Keys has now been delivering Ouf charitable services in Norfolk for 33 years. Over the year 2022123
our new digital programmes eonlinued lo expand lo indude a new referral programme specifically for you
peo Je Ntho may be experiencing problems with their mental h8allh or wellbeing. We continue lo explore further
potential uses of digital technology for seNice delivery as we have found that il enhances our ability lo reach
people who may olh8rwis8 be unable lo access our groups or servic8s. Our face-to-lace s8Nices have also
expanded over the last year lo bring our lolal number of seNic6s lo over 40. This year. Musical Keys has
provided around 6.OIXI places. making over 1,000 hours of mu&c over 7CKJ people throughout Norfolk.
Our groups aim to make a p￿tiVe sustainable impacl throughout Norfolk. Al the beginning of 2022 we b%efe
seeking funding partners to 8xpand our operations into areas we had not previously been able to reach. The
ecll8boralion began with MIND in early 2022 has gone from strength lo strength and we now provide Iw
seS￿onS per week al th8 REST hub in Nornvich - one lor adults and 8nolher for young people. Th8 project with
NO￿lCh Prison was also successfully implemented and ￿ntinueS to evolve to enhance the wellbeing of
prisoners and attempt lo reduc8 fates of re-offending.
We continue lo r8cc*Jnise that the breaks in between the music making are g)m6lim6s just 8$ iMp￿an1 as the
sesgons Ihemselv8s as the breaks provide the opportunity for participants, families and carers lo network and
build resilient, po&tive relationships that encourage mutual support thereby reducing feelings of social isolation.
Our dedicated and wonderful volunteers play a large part in the support provide throughout our group
sesyons and ￿ have sadly lost three of our hard working volunteers this year. Two volunteers had lo leave us
as their new jobs clashed with volunteering sche(Jules and another left us after 25 years of voluntary seNice lo
Musical Keys due to changing Iravel commitments. We have successfully recruited new volunteers and
continue lo look for MO￿ as we are aware another vdunleer is moving away lo university later this year. Al of
our volunteers conlinue lo be recruited and Irained lo provide individual support lo partiupanls during se￿on$
and b￿ak limes. The 'adde(J value, our volunleefs bring lo our sewons allows lime for our families and carers
lo share resources. knowledge, skills an(J experience and feel welcomed into a positive, non.judgemental
environment which we know is incredibly importanl to many of our participants, their families or carers.
Our activities in 2022123 Includ6d=
Our UNITE programme, delivering sessions to babies and small children, and their families, remains at the
cor& of the charity. W8 cx)ntinued to deliver Iwr) weekly sessions at the NANSA Family Centre in Nornvich.
We were again commissioned by ￿tIOn for Children to deliver Early Years sessons in South Norfolk arKI
cost8￿y, and continuèd to be wrnmi&sioned by Vision Norfolk to work with a small group of sighl
impaired children. We continued working with Acoms presch￿1 on a cornmiwoned basis, although their
funding came lo end in autumn 2022 so we explored ways of continuing the work through our own
fundraigng.
Alongside our Early Years provision, our EXPRESS programme ca)nlinues lo thrive al the heart of the
charity. We continue lo receive new referrals for our popular and buslling Salurday Group. now fimily
established al NOTh￿Ch Arts Centre. We are proud to have over thbty families access this unique group,
representing a very div8rse grcrtjp of people.
We obtsined funding to sustain w)rk al Barrington Farm. providing a ￿eeklY group session for up lo 20
adults wth Leaming Disabilities. We We￿ delighted to be able to expand the reach of the group by inviting
individuals ￿thift the wmmunily lo access the grwp. The ¥%*ekly session al Nornmch Millennium Library
also continues to thrive. participation from a large range of young people and adults with a broad range
of needs. The group vms accessed by several members of Cascade Care and other day service users from
around the county prompting us to look al th8 viability of instigating a second group to meet demand,
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MUSICAL KEYS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Obloctlvas and a¢tSvltlo8 Icontlnuedl
mething that are currently still exploring.
Our engagement wlh Cascade Care and W&slward Healthcare came lo an end in 2022 wlh both sellings
having to stop sessions due to budgetary constraints. We were commissioned lo provide regular sessions
for Autism Anglia ￿lch came to an abmpt end with the setting being closed down. We ￿maIn on gwj
tarms with each organisation, with the intention of collatoralion in the future if Ihe OPFQrtunity arises.
We continued talking to stakeholders in ￿ESt Norfolk to understand Nthal need should be met. to ensu
at we delivered responded meaningfully to thè needs arbd interests of those we ￿re looknng lo I￿￿rk
Ih. Although the funding is still not used. we have established a plan lo recommence ¥￿rk in wesl Norfolk
to ￿rk with a broader range of diSat￿ed young peoFAe arKI not to work exclusively with those with Autisli
Spectrum Condilion.
Due lo the success of the 2021 kylot project in partn8rship wth the Sue Lamb8rt Trust. w8 deliveied a
second follow up project with a similar focus. The project was a supp)rtive and safe place for ¥￿)Men that
had suffered abuse. lo come and take part in a range of creative aclivilies. The w)t1( culminated in the
prclluction of a set of'wellbeing cards,; business card sized cards that each feature an imag8 created within
the group. wlh a corresponding message or wellbeing thought on the reverse. These Mll join the previously
made zine, and the collection of parb'cipanl made tote bags, in our online shop.
Our INNOVATE programme saw a number of exaling and ambitious projects and on8woffs lo lesl new
ideas and to build new relationships. Our th with HMP Noywich developed wgnificantly in 2022, from
testing new approaches and V￿rkIng wlh new service users IvulneratAe prisoners) to now delivenng a
ekly t￿)-hOur session that forms part of the prisoners core rehabilitation provisions.
Established in February 2022. the Striking A Chord projecl la large-scale research and development project
funded by the Borletti Buitoni Foundation) has becx)me one of our flagship projects. Its success has seen
huge outcomes delivered lor the many participants that access the group, and the sesson length being
increased by 100Vo. Due to ils popularily we developed a 'sister' Se￿On delivered in the same spac£ bul
specifically for young people. We are very proud to have established this cherished provision that is
supporting meaningful improvement in the mental health of those that access it.
Also Started in eady 2022. the Referral Portal Continues lo receive a good number of participants. This
s6rvic£ provides irnmediale to an online intervents.on of four struelured mU￿e se&%ions. delivered by
trained mugc therapists. The project is not without ils challenges, mainly in engaging with the young perwn
once they have been referred by a carer or professional. but several have 'gradualed' frorn the intervention
and found the confidence to access the aforementioned young person's mental health group, which is a
lanlaslic outcome for us. The number and severity of referrals received also provided a stark portrail of
poor mental health amorrfJ young people, with a real lack of provision, galvani&ng our intention lo conlinue
fC￿￿slng on SUPFQrting improved mental health.
In 2023 our EVOLVE prcgramme expanded mcfe than any other area of our work. Predominantly
commissioned activity, y￿ deliver weekly sessions in Cobholm Academy, Great Yamioulh Primary
Academy, Parkside School, Heartsease Primary Academy, Valley Primary Academy, Henderson Green
Primary Academy. Notwich Primary Academy and Ling￿ Primary Academy. On average this equates to
rking over 60 SEND pupils per ￿Eek. wlh a total of 28 hours of activity delivered ￿eeklY.
Our bespok8 programme of 1..1 aclivily, In My Own Time continu85 lo thriv8 V411h many new ¢lients
accessng regular mu&c activity speufically tailored to their needs. interests and outcomes. We have
recTrJnised a pallem in the majority of these sessions are commissioned through individual's Short Breaks
budgets and Direct Payments. The digital equivalent. In My Own Time Online remains in demand, even
th the pandemic fimily in the past there continues lo be an app81ile for many individuals lo access wr
service online.
As more and more research is presented demonstrating the impact intefactbve music maklng has with those
living dementia, ￿ ())nlinu8 lo receiv& enquiries from care homes across Ihe region. Under the
CONNECT Program we ¢urrenlly provide regular sessions at Ips%*i¢h Road Community Hub. Halvergale
H(yJs8. Mellon House. Leaf Park. Corton House, Comer Oaks and Heathcoat House. We ran a very
Page 4

MUSICAL KEYS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Obloctlvas and a¢tSvltlo8 Icontlnuedl
successful prc4ect in partnership wth Nowch Theatre called 'A Life In Music,; Developed in theory before
the pandemic, we were delighted lo run the only community-based music project in Norfolk for those with
early onsel dementia.
Our Children's Health and Wellbeing prc4Jramme continues from strength lo strength. ￿￿thing c108ely ￿th
East Anglian Children's Hospices IEACHI and other h8allhcare sellings on a one-off basis. Ajongside
regular face lo face *ssions wth EACH. in 2022 started ¢Jelivering online group sesgons for patients at
EACH'S settings in Suffolk and Cambridgeshirè. We Continue lo pursue the po&sibility of rètuming to Quèèn
Elizabeth Hospital, Kings Lynn, which has remained difficull Since the pandemic.
Admlnlstratlon
The Prcoramme Manager was promoted lo Prcoramme Director early in 2022 which was a much-deserved
recconilion of his hard work, dedication and loyalty lo the charity stretching back over many yearsl Both the
Programme Director and the Chief Executive continue to work on a part time basis for the charity representing
the entirety of the administrative personnel.
Our two Govemment Kickstart scheme placements successfully completed their 6 months work experience
with Musical Keys in June 2022 and t￿th have now gained paid employment in olhef seclors. We are very
grateful for all their hard work during their tenure Musical Keys and very proud that we may have played a
nall role in hdping them lo achieve full lime pald employment,
Fundralslng
Musical Keys conllnues to rely on a blend of wmmunity fUndrai￿ng, grants and donatbons to support Its
activities in addition to tmding income from fees and merchandise. We have yJpport for applications above £5k
In value, and a rolling programme of generic 'appeal' mailings to a large database of potential yJpporters. All
grarbt application writing below £5k in value is written in house by the charity's Programme Director and Chief
Executive. The fundraising strategy Is kept under regular review at Finance Committee l Trustee Meetings and
through regular monitoring wth the Treasurer.
Donors and Grants
Musical Keys gratefully thanks all donors and grant makers who have supp(Kted our woth. This year these have
induded".
Individuals..
Lucy Child
Sue Traverso
Zac Fulcher
Mary Wood (Legacy donation).
Chris Towndrtr
Nick Osborne lin memory of his mother Joyce).
Mrs Pauline Colbridge lin mernory of Dennis}.
R Purdy
Ms Rose Baulcombe
Page 5

MUSICAL KEYS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Obloctlvas and a¢tSvltlo8 Icontlnuedl
Trusts and Foundations:
Sir Noman Lamb Mental Health and Wellbeing Fund
Naticnal Lottery Awards fcr All
The Edward Gostling Foundats'on
The Educational Foundation of Mdemian John Nomian
Bally Thomas Charitable Fund
Bishop Herbert Masoni¢ Lodge
The Laura Elizabeth Stuart Memorial Trust
The D.C. Moncrieff Charitable Trust
Taverham & Di51rict Lions Club
John Risebrow's Charity
The Lord Belslead Charitable Trust
The Steven Bloch Image of Disability Charitable Trust
The Antelope Trust
The Grey Court Trust
Cranfield Charitable Tnjsl
D(yJglas Heath Eves Charitable Trust
The Timothy Colman Charilable Twst
(Please note that ￿e dc￿C￿S have been removed from list al their request lo mainlain confidentiality).
Community Groups and Businesses:
Eaton Gow Club
The Phoenix Male Voice Choir
Wayland Masonic Lojge
Tango AdHoc
Mile Cross Methodist Church
The Revels Committee
Nomadic Lion
hlov•m•nts and p•rforman¢•
a. K•y p•rfomian¢o Indlcators
Siralegically Musical Keys has been successful over the past year in moving towdrds a more self-suslaining
model by increasing our cnmmissioned work C£bnsiderably, espeaally in ￿001S bul also wlhin some care
home settings. This has reduced our level of fisk associated wth a potential downlum in charitabl8 giving from
trusts and lunds and allows us lo conlinue to achieve our charitable aims and objectives by priorilising funds to
groups and individuals most in need. The regular finance meelings and doser oversight from the Finance
Committee introduced in 2021 conlinue to guid8 the linancial deciyon making within the charity and Ihis has
proven highly elfeclive in delivering good financial outcomes over the past year. This proactive approach is
bein9 used lo protect the charity s assets. ensuring risks associated wlh banking collapse are minimised by
opening accounts with alt8rnative ethical banks so that all financial assets are covered undef the Financial
Services Compensation Scheme.
The annual budget selling this year has foc#Jssed once again on sustainability. The provisions *ithin the
charity's Reserves Policy have been mel and exceeded and specific largels for income growth and fundraising
have been sel fof th8 year ahead. Finance monitoring has been further refined lo indude indicalions of 'run
ral&s' for each project and closer monitoring of commi&8ioned income.
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MUSICAL KEYS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Achlevomonts and performanc• Icontlnuedl
b. Invoslment pollcy and performanco
Investment income represents bank interest received in the period.
Flnanclal revlow
. Golng concern
During the 2022123 financial year, Musical Keys has continued to increase the number of activities it
undertakes in addilion lo maintaining the quality and quantity ol ils 'core' aclivilies. There has again been an
increased demand for commissioned ¥thich now provides regular monthly income and, as a result. a
more sustainable funding stream than can be achieved Ihrwgh grants and donations alone.
Dufing the finanaal year, the charity received unrestricted grants and donations lotalling £120,044 12021122
£65,699) including Gill Aid scheme income of £4C612021122, £7271.
Th8 charity has unrestricted reserves of £133,739 at the year end %thich is a considerable increase on the
previous year1£54,7231. This is al least in part due to a legacy donation of £43.408 received during the year,
but also reflects the focus that Musical Keys has maintained on applying for unreslricled funds ¥thich allows us
lo cater lo Ihe needs of more diverse groups in achieving our charitable aims and objectives. Al the Trustees
me6ling on the 22 March 2023 the Trustees made the de￿slon lo de&gnate the entirely of the legacy donation
[£43,408> as reseryed for Ihe purF()ses of starting a fund for Musical Keys to eventually obtain ils o
premises.
Th8 charity continues lo review its activities arKI seek new approaches to diver&fy ils income streams aTr
increase the financial r8&1ience of th8 chanly going forward.
Th& Trustees have conduded that they have a reasonable expectation that th8 charity wll have adequate
resources lo conlinue in op8ralional existence for the foreseeabl8 future. and al leasl twelve months Irom the
date of signing these financial slatemenls, They th8refof8 continue to adopt the wng concem basis of
accountin9 in preparin9 these financial slalemenls.
b. RosaThe$ pollcy
Restricted funds are held for specific ap￿ication in the activits'es lo ￿lch they are intended.
Th& charity's Reserves Policy requires it lo hdd sufficient unreslricted reserves to C4)v8r a minimum of three
months. operating cosls. In respect ol the year to 31 March 2023 this equal8s to £30.511 12022.. £18.5931 of
unreslricled costs. The increase in operating costs fcr 20222023 reflects the addilional costs incurred due to
the increase in commis&on8d work over the past year.
During 2022-23, the charity again SUCLessfully increas8d ils unrestricted res8rv8s, providing even greater
resilience against fulure financial risks. As al 31 March 2023 lh8 charily had unrestricted reserves of £133,739
12022.. £54,723) and restricted funds of £53.56612022.' £107,199).
Pagg 7

MUSICAL KEYS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Structuro, govwnanca and management
a. Constltutlon
Musical Keys was established in 1990 and conv8rt8d from an unino)rFrf)raled charity to a charitable
ino)rp)raled organisalion ICIOI in April 2014. It is govemed by its eonslilution dated April 2013, amended July
2014 and amended again in January 2023 and has the aim of beneliling individuals who may experience
disadvantage or disabilities and their families through mu&c. movement arts aclivilies.
b. Mèthods of appolntm•nt or •l•ctlon of Trusts•8
The Board of Trustees12022123} consists of tsvo offic8rs {Chairperson arKI Tre8sur8rl, wth not less Ihan tMI
nor more than nine elected members and up lo three Coryopled members. New Trustees ar& identified by the
cJJrrenl Trustees and management. Musical Keys, conslilulion provides that ils members ar8 identical lo its
Trustees. N&w Trustees are elected by the Board of Trustees I'the Board") for a term of three years in
accordance with the consts"lulion, and appointments ean be renew8d at the end of the three year period. Cov
opted membefs may join al any lime on the invitation of the Board.
Th8 Chairperson and Chief Executive Officer ICE0} meet frequently belw*en Truslee meetings. The CEO will
also meet other Tnjstees as appropriat8. Persons inter8sled in becoming Truste8s will hav8 an inleNiew with
th8 Chairperson and CEO who wll then seek approval from the Board for that person's Coryoplion lo the Board.
They wll of18n allend one or rn0￿ Musical Keys sesgon if they are unlamiliar wlh the YKJrk and aims of the
charity. Candidates for the Board musl confirm that they are eligible lo stsnd according lo Charity C(Ynmission
guidelines. T￿￿) refe￿nceS are sought for new Trustees.
Each new Trustee is given an induction pack %thich indudes a copy of the charity's constitution, a brief history
of the charity. a copy of the most recent report and acccunls. copies of minutes ol recent Board meetings.
dales of forthcoming meetings. contact details of other Trustees and Charity Commisyon instructions "The
Essenlial Trustee.. What you need lo know". The ￿levant Trustees undergo mandatory training in Safeguarding
and attend other appropriate courses as they become available.
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MUSICAL KEYS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Structuro, govwnanca and management Icontlnued)
c. Organ18atlonal strncturo and d8cl8lon4naklng pollclas
Trustee meetings occur ar￿nd every six weeks. There are separate Finance and Policy Sub-committees. each
chaired by a Truslee and induding additional Truslees kthen required plus any relevant slalf members. that
also meet regularly and rewrt back lo the Board. There is also a safeguarding lead Tnjslee reports back al
each TnJst8e Meeting on any safeguarding issues.
The CEO attends all lull Trustee meetings lo rewrt and receive direction and support. The Programme Director
is also invited lo meetings as appropriate and prc¥Juces their own report for the Tiusle8s for each meeting.
During 2022123 the staffing structur8 cOn￿st&d of the CEO, vh)0 reports lo Trusle&s and manag8s the
Programme Director s•h)o oversees the charity's programme of activities, manag8s projects and music staff and
volunteers. and is also the deputy Child Protection Officer. Workshop Facililalors deliver Music81 Keys,
SeS￿ons. often with support from volunteers. During 2022123 there was one Facilitator directly employed
12021122., One) and a pool of around 20 freelanc8 Faalilalors delivering the Music81 Keys sessions12021122..
20). This enables the charity to benefit from an expansive skills mix. Mth flexibility to respond lo demand.
The role of Muycal Keys volunleefs continues to be crucial in supporting families and carers as well as service
users attending groups. Volunteers a￿ retained through a programme ol induction and training, praclieal
SUP8rvision vi8 the Programme Director and satisfaction from the activity itself. During the year 202212023
hav8 again benefited from having six volunteers providing us with around 250 hours of lime lo a variety of
groups and Se￿On$.
d. Rlsk managom•nt
The organisalion continued lo perfomi risk assessments on all aclivilies and proposals thr￿ghOut 2022123, and
In cdlaboralion with all venues used.
Plans for fvlur• porlods
Musical Keys Trustees and staff re¢c4Jnise a commilmenl lo help the charity continue lo fulfil ils core purpose
vthilst continuing lo secure finanual suslainabilily. Demand for our services continues to be strong, and
recruilmenl and retention of facilitators has been reassuringly steady over the past year, however wlh only I
part time staff running operations, the charity s operats'onal capacity may become a limiting factor in achieving
future grovrth.
Whilst hav8 succeeded in significantly increasiThJ th& number aThJ raThJ6 of prdects we provide over the
past year, we are Icoking lo Ihe coming year lo enabl8 us lo build on these foundations and develop our new
services into more permanent poslions within our communities lo establish them as high quality, long term,
dependable resources Ithere participants can feel confident ID exploring the benefits that music making can
bring to their social, emotional and physical wellbeing. To achieve this, we aim to continue lo wDrk
collaboratively wlh other organisalions lo capilalise on their knovAedge, skills and experience lo ensure that
can provide the best services possible.
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MUSICAL KEYS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statomont of Trustee8' rn8ponslbS1Stl•s
Th8 Trustees are responsible for preparing the Trustees, rewrt and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acc8pl8d Accountiro
Practice).
The law applicabl8 lo charities in England & Wales requires the Trustees lo prepar8 financial statements for
each financial year which give a true and lair view of the slate of affairs ol Ihe charity and of its incoming
resources arKI application of resources. including ils income and expenditure, for that period. In preparing these
finanaal stalemenls. the Trustees are required lo..
select suitsble actounling policies and then apply them eonsislently..
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgment5 and accounting eslimale5 that are reasonable and prudent..
stale vthether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any
material departures disclosed and explained in the financial sialemenls,.
prepare the financial statements on the going c£sncem basis unless il is inappropriate to presume that the
charity wll continue in busness.
The Trustees are responsible for keeping adequate a￿OUntIng records that are sufficient to show and explain
the charity's transactions arKI di￿lOse reasonable a￿ura￿ at any time the financial position of the charity
arKI enable thern to ensure that the financial statements comply wlh the Charities Ath 2011. the Charity
(Accounts and Reportsl Regulations 2008 and the provisions of the Memoranduffl of Association. They are also
respollgble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud arKI other irregularilies
Approved by order of the rnembers of the board of Trustees and signed on their behalf by:
Ms Amanda Reynolds
Chair of Trusteès
Date.. 8 July 2023
Stephen Shaw
Trustèe
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MUSICAL KEYS
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Ind8pendenl examSnerfs report to the Trustses of Muslcal Keys Ilhe charlv)
I rewrt lo the charity Trustees on my examination of th8 accounts of the charity for th8 year 8nded 31 March
2023,
Responslblllllos and basls of report
As the Truste8s of the charity you are reswnsible for the pr8p8ralion of the accounts in accordance wlh the
requir8ments of the Charities Act 20111'th8 2011 Act'l.
I report in resp8d of my examination of the charivs accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed the awicable Directions given by the Charity Ccfflmission
under section 145(5llbl of the 2011 Act.
Ind8pend•nl examlnerfs statement
Your attention is drawn to the fact that the charity has prepared the accounts in acc(Kdance with Accounting
and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their
accounts in accordanc& wlh the Financial Rep)rting Standard applicable in Ihe UK and Republic ol Ireland
IFRS 1021 in preference to the Accounling and R&F()rting by Chafilies.. Statement of Recommended Practice
issu&J on 1 April 2005 which is referred to in th8 extant regulations but has been withdravm.
l understand that this has been done in order for the accwnts lo provide a true and fair view in acc(Ydance with
th& Generally Accepted Accounting Practice effective for reF()rting periods beginning on or after 1 January
2015.
I hav& completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause to believe that in any material respect..
accounliry records were not kept in res￿ of the chafily as required by section 130 of the 2011 Act,.
the accounts do not accivd with Ihose records: or
the accounts do nol cnmply wlh the applicable requirements concerning the fom and c£)nlenl of
accounts sel out in Ihe Charities IAccounls and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lrue and fairf vi8w which is not a mattef considered as part of an independent
examination.
I have no concems and have come across no olhef mattets in connedion v4ilh the examination lo which
attention should be dra￿Tr in this report in order to enable a proper understanding of the accounts to be
r&achad.
Page11

MUSICAL KEYS
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
This rewrt is made solely lo the charily's Truste8s, as a body, in accordance wlh Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the charity's
Trustees those matters l am required lo slate to them in an Independent examiner's report and for no other
purpose. To the fullest exlenl permitted by law, I do nol accept or assume r8sponsibility to anyone other than
the charity and Ihe charity's Trustees as a l))Jy. for my w)rk or for this report.
Signed:
Dated..
10 July 2023
Christopher Y8at6s
FCA DChA
Larking Gowen LLP
Chartered Accountsnts
Norwbch
Page 12

MUSICAL KEYS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
UnrostrSetod
fund$
2023
Rostrlctèd
funds
2023
Total
funds
2023
Total
funds
2022
Noto
Income from:
Donations and leqacies
Charilable activities
Other Iradinq aclivilies
120,044
48,858
4.933
22,804
4,680
142,848
53.538
4.933
102.316
15.698
866
Total Incom•
173,83S
27,484
201.319
118.880
Expenditure on:
Raiwng funds
Charilable activities
Other expenditure
11,198
83.256
435
11.198
164,303
435
10. 167
92.354
81.047
Total oxpondituro
94,889
81,047
175,936
102.515
Net incomellexpenditurel
Transf8rs belw8en funds
78.946
70
153.$631
1701
25.383
16.365
14
Net movement In funds
79.016
153.6331
25.383
16.365
Reconclllatlon of funds:
Total furvjs brougm forward
Nel movement in funds
54.723
79,016
107.199
153,6331
161.922
25,363
145.557
16.365
Total funds carrled forward
133.739
53.566
187,305
161.922
The Statement of finanaal aelivilies indudes all gains and losses re¢ognised in the year.
The notes on pages 15 to 30 fom part of these finan￿al statements.
Page 13

MUSICAL KEYS
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Nol•
Tangible assets
11
467
2.365
2.365
Currnnt 8880ts
Debtors
Bank dek))sil acc(yJnls
Cash al bank and in hand
12
8,435
35,000
159,205
5, 131
163,989
202,640
769,720
Creditors.. amounts falling due within one
year
13
115,8021
(9,563)
Net current assets
186.838
159.557
Total not asmts
187.305
761.922
Charity funds
Restricted fLJnds
Unrestricted funds
14
53.566
133.739
107, 199
54. 723
14
Total funds
187.305
161.922
The finanaal stslemenls ￿tre approved and auth(￿Sed for issue by the Twstees and signed on their behalf by:
Ms Amanda Reynolds
(Chair of Trustees)
Date..
8 July 2023
Mr Stephen Shaw
(Trusleel
The notes on pages 15 to 30 fom part of these finanaal statements.
Page 14

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
General lTrformatlon
Musical Keys is a charitable incorporated organisalioD ICIOI. charity numb8r 1151915. The T89iStered
office is Martineau Memorial Hall, 21 Colegate, Norwch, Norfolk. NR3 1 BN.
Accounllno pollcles
2.1 8asii of prèparation of financial statèrnenti
The financial statèments hav8 been prepared in accordance with the Charities SORP {FRS 1021-
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitiès
preparing their accounts in accordance with thè Financial ReportirrfJ Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffective 1 January 20191. the Financial Reporting Standard
applir2tAe in thè UK and Republic of Ireland {FRS 1021 and thè Charib"8s Act 2011.
The finanaal s12térnènts have been prèpared lo give a Irua and fairf view and hav6 departed from
the Chariti8s (Accounts and Reports) Regulab"on5 2008 only lo the extent required lo provide a 'lruè
and fai¢ vi8w. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charib"es' Statement of Rewmrnend8d
Practice effectivè from 1 April 2005 which has since b86n wthdrawn.
Musical Keys meets th8 d8finib.on of a public b8nefil ents.ly under FRS 102. Assets and liatM"lili8s are
initially recognised al historiral cost or transacts.on value unless othen#ise stated in the r8levanl
accounts.ng policy.
2.2 Golng ry>ncgrn
During the 2022123 financial year, Musical Keys has continued to incr8ase the number of acts"vili8S It
undertakes in addition lo maintaining the quality and quantity of its 'core' activities. There has again
been an incxeased demand for commissioned ¥%ayk which now provides regular monthly income
and, as a result, a mor8 Sustainable funding stream than can be achieved through granls and
donations alone.
During the finanaal year, the charity received unrestricted grants and donations totalling £120,044
12021122 £65,699) induding Gift Aid scheme income of £40612021122- £7271.
The charity has unrestricted reserves of £133,739 al the year end which is a considerable incr8ase
on Ihe previous year1£54,7231. This is al least in part due to a legacy donation of £43.408 received
during Ihe year, but also reflects the focus that Musical Keys has maintained on applying for
unrestricted funds which allows us lo cater to the needs of more diverse groups in achieving our
charilable aims and objectives. At the Trustees meeting on the 22 March 2023 the Trustees made
Ihe deCi￿On to designate the entirely of the legacy donation {£43,4081 as reserved for the purposes
of starting a fund for Musical Keys to eventually obtain its own premises_
The charity continues to review its activities and seek new approaches lo dIve￿fy its inoThe
streams and increase the finanual reslience of the charity going forward.
The Trustees have concluded that they have a reasonable expectation that the charity wll have
adequate resources lo continue in 0￿ratIOnal existen￿ for Ihe foreseeable future, and al least
Iwelve months from the dale of signing these financial stslemenls. They Iherefore continue to adcyt
the going concem bags of accounting in preparing these financial stalemenls.
Page 15

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounllno pollcle8 {contlTrued)
2.3 Incom•
All income is recognised once the charity has enlillem8nl lo the income, it is probable that the
income wll be received and the amount of incom8 receivable can be measured reliably.
The recognition of income from legaaes is dependent on establishing enlillemenl, the probability of
receipt and the ability to estimate wlh suffiaenl accuracy the amount receIva￿e. Evidence of
enlillemenl lo a 18gacy exists when the charity has sufficient evidence that a gift has been left lo
them Ilhrough knowledge of the existence of a valid wll and the death of the benefactor) and the
executor is satisfied that the property in question will not be required lo salisfy daims in the estate.
Receipt of a legacy musl be reccNJnised it is probable that il will be received and the fair value
of the amount receivable, vthich wll generally be the expected cash amount lo b8 distributed lo the
charity, can be reliably measured.
Grants are included in the Statement of finan￿al activities on a receivable basis. The balance of
income received for s￿CIfiC purposes bul not expended during the period is shovm in the relevant
funds on the Balance sheet. Where income is received in advance of enlillemenl of receipt, its
reccyjnilion is deferred and induded in creditors as delerred income. Where entillement occurs
before income is received, the income is accnjed.
2.4 Expendltur•
Expenditure is recognised once there is a legal or constnjctive obligation to transfer economic
benefil to a third party, il is probable that a transfer of economic benefits will be required in
selllemenl and th& amount of the obligalion can b8 measured reliably. Expenditure is dassified by
activity. The costs of 8ach aclivily are made up of the lolal of direct costs and shar&d costs,
including support costs involved in undertaking each aclivily. Direct cosls attributable lo a single
activity are allocaled dir&clly to that activity. Shared costs which conlribul& lo mor6 than one activity
and support costs ￿lch aw not allribulable lo a &ngle activily are apportioned belwEen those
activities on a basis consislenl with the use of resources, Central staff C4)sls are all￿ated on the
basis of lime spent, and depreciation charges allocaled on the portion ol the asset's use.
Expenditure on rai￿ng funds includ8s all 8xpendilure incurred by the charity lo raise funds lor ils
charilable purwses and includes cosls of all lundraising activities events and non-charilable trading.
Expenditure on charitable activities is incurred on directly undertaking th& activiti&s which further the
charity's objectives, as w811 as any associated support costs.
All expenditur& is inclusive of irrecoverable VAT.
Page 16

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounllno pollcle8 {contlTrued)
2.5 Tanglble Ilxed assots and depreclallon
Tangible fixed assets costing £250 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can b8 measured reliably.
Tangible fixed assets are inilially recognised al ca)sl. After r8cc4Jnilion. und8r the cost model,
tangible fixed assets are measured al cJ)sl less accumulated depreciation and any accumulated
impaimenl losses. All costs incurr8d lo bring a tangible fixed asset into ils intended working
condition should be included in the measurem8nl of cost.
Depreaation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives. using the slraighl-line Meth￿1.
Depr￿ation is provided on the followng basis..
Office equipment
33% SITaighl-line ba&s
2.6 Debtors
Trade and other debtors are recc¥Jnised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid nel ol any trade discounts due.
2.7 Cash at bank and In hand
Cash at bank and in hand includes cash and short-lemi highly liquid investments wlh a short
malurily of three months or less Irom the dale of acquisition or cpening of the deposit or smilar
account.
2.8 Llabllbtles and provlslon8
Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past
event. il is probable that a transfer of ecnnomic benefit wll be required in settlement, and the
amount of the settlement can be &stimated reliably.
Liabilities are recognised al the amount that the charity anlicipales it wll pay lo settl& the debt or the
amount it has received as advar￿d payments for the gI￿d$ or services il musl provide.
2.9 Fund accountlng
General funds are unr8stricted funds ￿lch are available for use al the discretion of the Trusteas in
lurtherance of th8 general objectives ol the charity and ￿lch hav8 not been designated for olhar
purposes.
De￿gnated funds comprise unrestricted funds that have teen sel aside by the Trustees for
particular purposes. The aim and us8 of each designated fund is sel out in the notes lo the financial
slal&m8nts.
Resliicled funds are funds bthich are lo te us8d in accordance wlh sp8cific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against Ihe speafic fund. The aim and use of each restricted
lund is sel out in the notes lo the finanaal slal&menls.
Page 17

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Income from donatloTrs and orants
Unre8tr1cted Restrlcted
funds
funds
2023
2023
Total
fund8
2023
Legacies
Donations and grants
Gift Aid
43,408
76,230
406
43,408
99,034
406
22,804
120,044
22,804
142,848
During the year the Charffy received £NIL12022-. £2.9671 eX￿ptIOnal govemmenl funding as part of the
CofonavinJs Job Retention Scheme. Funding represents some of the costs of employing certain staff
unatAe to carry out their duties as a result of the coronavirus crisis.
Unrests7Cted
fvnds
2022
Restricted
funds
2022
Tot81
funds
2022
Donations and qrants
Govemment qranls
62.732
2,967
36,617
99.349
2.967
65.699
36,617
102.316
In¢om¢ from ¢haritsble a¢tlvlti
Unrestricted Restricted
funds
fvnd¥
2023
2023
Total
fund$
2023
Fee5 and session fees
48.858
53,538
Unreslricfe(J
funds
2022
Total
funds
2022
Fees and session fees
75,698
15.698
Page 18

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Income from other tradlno actlvltle8
Income from fundralslng events
Unrnstrbct•d
funds
2023
Total
fund8
2023
Other fundraising income
4,933
4,933
Unrèstncled
fund
2022
Total
fund&
2022
Other lundraising income
866
866
Expendlture on rnlslng funds
Costs of ralslng voluntary Income
Unrestrfcted
funds
2023
Total
fund$
2023
FUndrai￿ng costs
11,198
11.198
Unrestricle(J
funds
2022
Total
funds
2022
Fundraiyng costs
10,161
10.161
Page 19

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Analysls of expendlture by actSvttles
Actlvltles
undertaken
dlrectly
2023
Support
costs
2023
Total
fund8
2023
Mu&c, movem&nl aThJ arts based activities
90.734
73,569
164,303
ACtivit￿S
undertaken
direcuw
2022
Support
Gosts
2022
Total
funds
2022
mU￿c, movement aThJ arts based activities
35,013
57.341
92.354
Analysis of direct costs
Total
funds
2023
Total
funds
2022
Staff costs
Roorn hire
Insurance
Equipment
Travel
77.093
28.348
500
7.704
1.634
2.479
348
3.178
3.627
3,522
Project partners and care K)rke
90.734
35.013
Page 20

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Analysls of expendlture by actSvttles Icontlnued)
Analysls of support costs
Totsl
funds
2023
rot&l
funds
2022
Staff costs
Depreciation
Stationery
Office hir8
Staff training
R8freshem8nls and cloanino
Training aTrJ exp8n8es
Sundry
Professional fees
Accountsncy fees
Trustees expènses
Bad debts
51,339
43.481
2.264
3,118
3.001
2,258
355
1.863
121
2.258
2.515
47
542
35
7,872
5.945
35
118
Bank charges
17
73,569
57.341
Independent examlnerfs remuneration
The independent examinerfs temuneration amounts to an independent examiner fee of £1.735 12022:
£1,575).
Stsff costs
2023
2022
Waqes and salaries
128.432
71.829
128,432
Tl.829
Wages and salaries include freelan￿ fa¢ilitstor costs.
Page 21

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Stsff costs Icontlnuedl
Th8 average number of persons employed by the charity during the year was as follwé..
2023
No.
2022
No.
Adminislralion and sup￿1 of groups
Group fa￿lItatOrS
No employeè rèceived r6mun6ration amounting to more than £60.000 in either year.
In addition to the group fatililator èmployed, MU￿Cal Keys ￿t)rkS wth a pcd of freelance
facililators.
The charity considers its key management personnel to consisl of the Trustees of the charity and the
Chief Executive Officer. The lolal employment benefits including employer national insurance
conlribub.ons of the key management personnel b%ere £24.911 12022 - £15,858).
10. Trustees. remuneratlon and expen8es
During the year, no Trustees received any remuneration or other benefits (2022- £NILJ.
During the year ended 31 March 2023, expenses totalling £NIL V￿re relmbu￿ed or paid direcuy to
Tnjslees (2022- £35 10 1 Trustees).
Page 22

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
11. TaTrolble flxed a88ets
Offic•
oqulpmenl
Cost or valuatlon
Al 1 April 2022
Additions
6,790
Al 31 March 2023
7.338
Depreclatlon
Al 1 April 2022
Charge for the year
4,425
Al 31 March 2023
6.871
Net book value
Al 31 March 2023
467
At 31 March 2022
2,365
Page 23

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
12. Deblors
2023
2022
Duo wllhln on• yoar
Trade debtors
Prepayments and accrued income
7.794
641
3.491
8,435
5.131
13. Cr￿lI￿r#. Amount¥ falling due withSn ona yèar
2023
2022
Trade creditors
Accruals and def8rr8d income
11.353
4,449
5.303
4,260
15.802
9,563
14. Ststement of funds
ststement of funds - current year
Balance at 1
AprS12022
Transfers
Snlout
Balance at 31
March 2023
Income Expenditure
Unrestricted funds
Designated funds
Premises fund
43,408
General fvnds
General Funds
InrK)vats"on fund
In My Own Time
Kickstarter
50,333
2,100
1.100
1.190
152.804
{77,974)
1466)
113.314)
(3,135)
(40.0301
85,133
1,634
3.564
15.762
5.269
16
13.3241
54.723
173.835
194,889)
(43,3381
90,331
Total Unrostrictèd
funds
54.723
173.835
194,889)
70
133.739
Page 24

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14. Ststement of funds {contlnuedl
Balance at 1
Aprll 2022
Transfeis
Inlout
Balance at 31
March 2023
Incom8 Expendlture
RoStrlct•d fvnds
Cloth%%r)rkers IT Fund
IT Equipment Fund
Bursary Fund
Children's Health &
Wellbeing
Gr8en Space, Dark
Skies
Express
Connect
Unite
Evolve
Innovate
3.091
12,6801
{1831
{1711
411
817
3,899
4,140
{701
4.383
11.568)
3.815
4.680
9.704
3,000
3.100
14,6801
(56,611}
18,302}
13,350)
12,IM2}
72,801
17,731
1.503
25,894
12.429
1,253
2,958
2,090
3.550
107.199
27.484
(81,0471
1701
53,566
Total of funds
161,922
201.319
1175,936)
187,305
Page 25

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14. Ststement of funds {contlnuedl
Slatement of funds - prlor year
Balance al
37 M8rch
2022
Balance 81
1 Apnl 2027
Transfers
i￿0￿1
Income Expenditure
Unrestrlct•d funds
General Funds
Innovation fund
In My Own Time
Short Breaks - Creative
Connections
Kickstarter
41,884
69.339
167,688)
f900)
(5,002)
798
50.333
2.100
i. 100
1, 151
4.951
393
1393)
7.973
(6, 783)
1. 790
46,428
82.263
(74,373)
405
54. 723
Page 26

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14. Ststement of funds {contlnuedl
Balance 81
31 fv18r¢h
2022
881ance 81
1 Apnl 2021
Transfers
in/oul
Income Expenditure
Restrlcted funds
ClOth￿rkerS IT Fund
IT Equipm8nl fund
Bursary Fund
Children's Health & Wellbeing
Green Space, Dark Skies
Express
Connect
Unite
Evolv&
Innovate
6,265
415
4,347
(3, 174)
f415)
f207)
(80)
3.091
4.140
4.383
3.500
963
70,065
16.534
1,503
24.717
120,013)
(3,803)
(1,368)
T2.801
17.731
1.503
f450)
3.550
99,129
36.617
(28, 142)
(405)
107.199
Total of lunds
145,557
118.880
(102,515)
161.922
Page 27

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14. Ststement of funds {contlnuedl
Reslrlcted funds
Restricted funds repr8sent monies received from external bodi8s who have stipulated the use of these
funds lor a specific project or Muscal Keys group.
Clothworkers IT fund. This is a ￿nkIng fund lo cover depreciation asset costs for l.T. equipment
purchased in 2020 as well as ongoing revenue costs for subsLripts"ons lo Microsoft Office 365.
The IT Equlpment fund consists 01 £10C¥J kindly donated by the Preachers Charity in NO￿lCh lo
ena1￿8 us lo buy pieces of IT equipment for service delivery and administration.
The Bursary Fund consists of a donation of £5000 from Awards for All and is used lo pay f￿ oui
services ¥there there may be an ur9enl need, bul ￿ere participants are unable lo pay for all or part of
the services themselves.
The Green Space Dark Skle8 F•stlval commissoned a piece of V￿rk from us, delivered by Walk The
Plank as of several large projecls as part of the UK-wide Unboxed Festival, GSDS was a large
scale participatory project in 12 locations across the UK. Musical Keys supported the Norfolk leg of the
project al Barton Broad. ￿OngsIde recruiting diverse audiences and participation for a water based
rfomiance u&ng over 8CQ inleraclive lights, we ￿re commission8d lo Vrfilh a group lo prt>Juce
20 minutes of new music. This mU￿C was presented al the event lo accompany the performance and lo
soundtrack a film made of the evenl Nthich was the main outcome of the Project, The video has received
over 13000 views.
The Chlldrens Health and Wellbeln9 fund consists of £35C() from the Sirangward Twst and £1000
from Laura Elizabeth Stuart Memorial Trust. It is used to pay for setvices that specifically cater lo
children's health and wellbeing such as our "Young People Striking a Chord. service which is run in
cdlaboralion with MINO the mental health charity.
Our Express fund is made up of contributions from many different Trusts and donations. Our Express
seryices cover our outreach work. one-off and regular onwng projects for children and adults of all
a9es and abilities induding our Saturday Group. Library Group, Adults Striking a Chord and Barrington
Farm projects.
Our Connect fund is made up of ccnlributions from charitable grants and Injsls such as the Sobell
Foundation and the Charl8s Hayward Foundation. Connect services include music activilies for dd8r
p6ople living with age-relaled illness or disability in a soaal, group setting as well as specific
prryrammes for using mU￿C lo work wilh people wlh dementia.
Th• Unlta fvnd provides regular 88s￿OnS for year olds wth additional n8eds and disabilities. and
peer suppm for their families. It is made up of contributions frcm John Homimans CharIta￿e Trust and
Ellerdale Trust.
Our Evolve fund consists ol a grant awafded Ihrou9h the Educational Foundation of Ajderman John
Nofman and funds activities in schools and colleges lo support and engage young people wiltt Special
Educational Needs and Disabilities and additional needs.
Th• Innovate fund consists of grants from the Ajbert Hunt Tnjst and RC Snelling Charitable Trust and
is used to explore new and creativ8 ways of using music lo help people's w8llbeing. The fund is used
primarily as a resource for trying new things vthich may be difficult lo fund through other means.
Currently this is lunding the charily's work Wblh NoNAch Prison Service.
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MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14. Ststement of funds {contlnuedl
Unrestrlcted funds
In acjdilion lo the general unrestricted fund, the following projects are accounted for as separate
unreslricled funds. These funds represent various sold services s¥hich are intended lo generate income
for Musical Keys. At year-end, any po&live balance from these projects is moved into the general
unreslricled fund.
Creatlve Connectlons is made available through Norfolk County Council's Short Breaks fram8v￿rk,
ith service users paying for sessions from personal budgets and direct payments. The project enabl83
12.25 year olds lo lake part in inclu&v8, progressive mU￿C and arts activities ranging from the
traditional leg soro-writingl lo cutting edge leg green screen film-making).
In My Own Tlme is a one.10￿ne service of bespoke music activity and tuition ￿1c* MU￿Cal Keys
offers for clients with additional needs and disabilities in Iheir own h￿nes. It was established in January
2017 to meet demand and the client base continues lo increase.
The Klckstartor fund represents contributions by the Govemement lo provide new jobs lo 16-24 year
olds. For Musical Keys this is a videography l outcomes co-ordinator and a marketing I communications
post.
The designated fuThJs represents income sel asde with the long temi aim f(K the charity lo acquire its
pr8mises.
15. Analysls of nel assots between funds
Analysls of nel assots between funds - current year
Unrnstrlcted Rostrlcted
funds
funds
2023
2023
Total
funds
2023
Tanqible fixed assets
Current assets
Creditors due Trmlhin one year
467
149,074
115.802)
467
202,640
115.8021
53,
Total
133.739
S3,￿6
187,305
Page 29

MUSICAL KEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
15. Analysls of nel assets belween funds Icontlnued>
Analysls of nel assets belween funds - prlor yeai
Unresfricle
lunds
2022
Restncted
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
2,365
61.927
{9,563)
2.365
169.720
{9.563J
107,199
Total
54, 723
107,199
761.922
16. Relaled party transactlons
The charity has not entered into any ￿lated party transaction dudro the year, nor are there any
OLrtstanding balances owing bet**en related parties and the charity al 31 March 2023.
Page 30