The Tin
Music and Arts
Annual Report 2024/25
Report of the Trustees and Financial
Statements for the Year Ending
31 March 2025
Charity Number 1152636

The Tin Music and Arts Annual Report 2024125

The fin Music and Arts Annual Report 2024125
Contents
Section
Page
Report of the Trustees
Chair's Report
Objects, Vision, Priorities, and Strategies
Financial Review
Reserve Policy
Looking to the Future
Reference and Administrative Detail
12
12
14
Structures, Governance and Management
Declarations
15
16
Unaudited Financial Statements
17
Independent Examiner's Report
Statement of Financial Activities
18
19
Balance sheet
20
Notes to the financial statements
21
Detailed Statement of Financial Activities
30

The Tin Music and Arts Annual Report 2024/25
Report of the Trustees
The trustees of The Tin Music and Arts (The Tin) are pleased to present their annual report
together with the financial statements of the charity for the year ending 31 March 2025. The
financial statements comply with the Charities Act 2011, the Tin's constitution, and the
Charities, Statement of Recommended Practice, ISORP - applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland; FRS 102) issued in October 2019.
Chair's Report
This report focuses on the Tln's financial results for the year 2024125. Information about
activities and impact is available from other sources.
I would like to thank our Chief Executive & Artistic Programmer and her hard-working team for
all that they have done to enable us to reach our current position and to thank my fellow
trustees for their continued support and contributions.
I would also like to thank the organisations and individuals who have supported the Tin over
the years in general but particularly in 2024/25. Without your support we could not continue to
do what we do.
Although the report focusses on the Tin's financial performance it would be remiss not to
mention a few operational highli8hts and lowlights of the year. These include Coventry
University commissioning Deliaphonic, an enduring showcase for electronic music co-
supported by the Tin, to produce their graduate degree show in May 2024. One negative
development has been the impact of politics in USA which has meant two 8igs being cancelled
due to visa issue5, restricting the range of musical experiences that we can offer.
Check out our website htt
thetinmusicandarts.or
for more information.
Elaine Tierney FCPFA
Chair of Trustees
The Tin Music and Art5

The Tin Music and Arts Annual Report 2024125
Objects, Vision, Priorities, and Strategies
The Objects of The Tin Music and Arts
The Tin's formal objects, as set out in its constitution are:
To advance education in music and arts for the public benefit by the provision of an arts
facility
The promotion of health by the provision of tuition in music and arts
To promote social inclusion for the public benefit by preventing people from becoming
socially excluded, relieving the needs of those people who are socially excluded and
assisting them to integrate into society.
For the purpose of this clause 'socially excluded, means being excluded from society, or parts of
society, as a result of one of more of the followln8 factors:
unemployment;
financial hardshlp;
youth or old age;
ill health {physical or mental).
substance abuse or dependency Includlng alcohol and drugs,.
discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed,
sexual orientation or gender identity;
poor educational or skills attainment.
relationship and family breakdown;
poor housing (that Is housing that does not meet basic habitable standards).
crlme (either as a victim of crime or L75 an offender rehabilitating into society).
These formal objects can be summarised In the Tin's Informal aim of contributing to the quality
of life of the people of Coventry by expanding their horizons through the provision of exciting,
challenging and accessible professional and community music and arts events and facilities.
Vision, Priorities and Strategies
Vision
The vision that shapes our activities remains the promotion and fostering of knowledge and
appreciation of the arts (particularly music) for the education and recreation of the public.
The vision that drives our future strategy is to become an increasingly important part of the
lives of more and more people from right across our city and the wider area, and that we will
keep Coventry in the spotlight long into the future.

The Tin Music and Arts Annual Report 2024125
Priorities
Inclusivity- i n all aspects of the Tin
Innovation in programming and our partnerships
Developing sustainable careers for artists, promoters, and associated technical experts
Equity- e,g,, sUPPOrting gender equality in the sector and promoting increased visibility
for people from less well represented groups and communities
Community Engagement- e.g., working with the Canal Advisory Board and partners to
help revitalise the Canal Basin.
Strategies
The strategies employed to achieve the charity's aims and objectives are:
To present a broad range of high-quality music and arts events for the enjoyment and
education of the people of Coventry and the wider area;
To offer discounted entry to events for people who are unemployed or on a low wage,
over 65, under 16, registered disabled and Students;
To offer opportunities and encourage a broad ran8e of people to use our spaces for the
purpose of music, arts and community events and activities;
To provide
affordable facilities for developing musicians and artists to practise and perform
opportunities for and support to developing promoters to curate events.
practical experience for training technical specialists including Sound Engineers,
Lighting Engineers, and Promoters.
Financial Review
Introduction
Llke many small grass roots arts and music venues across the country The Tin has continued to
experience a very difficult operating environment with significant pressure on its financial
position. Despite this, we have been able to 5tabili5e our in-year performance somewhat
(relative to 2023124) with a diverse and vibrant range of music and cultural events and
continued investment in the main venue, our hire-out facilitie5 and our administrative office.
Above all else, it is essential that we continue to provide a strong programme of gigs and
events going forward to ensure that we can sustain our financial position and deliver our
charitable objectives.
The Tin's finances were affected by two fundamental developments in 2024125.
Early in the year we met the income threshold for Value Added Tax IVATI registration purposes.
This meant that VAT of 20% was added to all relevant income (notably bar prices) and paid to
HMRC although we have a cultural exemption that means we do not have to add VAT to our
ticket prices.

The Tin Music and Arts Annual Report 2024125
Our VAT status also enables us to claim back from HMRC, VAT on relevant expenditure. In total,
the VAT position for 2024125 activity saw £8k paid to HMRC. However, in line with rules around
initial VAT registration we were fortunate to be able to reclaim £20k for VAT paid in prior years
as an exceptional one-off windfall to our financial position.
The Tin also undertook a significant capital refurbishment of its spaces (part-way through at
31, March but now complete). The Coal Vaults venue frontage has been refurbished and reclad
with the addition of a new noticeboard and neon sign. The majority of the community space
and offices have been refloored and redecorated, with new heater5 installed in the office and
venue.
All this was made possible through a £20,618 grant (in 2024/25) from the Veolia Environmental
Trust, a donation of flooring from Amtico (equivalent value £11,484) and £9,990 of cash
donations, raised via a fundraising campaign and a series of benefit gigs staged by some of The
Tin's many friends in the local community and music scene. It is fair to say that we were blown
away by the generosity shown and remain incredibly grateful to all those involved. Within
these accounts, capital expenditure of £42,092 has been included up to the year-end.
The overall financial outturn is best represented by the net expenditure position shown below
with expenditure exceeding income by £lk (excluding capital adjustments) and a decrease in
our General Reserves (including former designated funds of £4k) from £35k to £34k.
Our financial performance reflects a range of actions taken in response to the net loss of £47k
suffered in 2023/24, with progress made across all of the following areas:
Securing grant funding to further enhance the fabrlc of our spaces;
Increasing the number of events and activities to ensure greater use of our facilities
and including a range of popular andlor hi8her profile gi8S'
Securing the tenure of our rented spaces.
Reviewing some of our costs and prices; and
Increasing the level of gifting/donations that we attract;
Rationalisin8 our storage to bring more income earning rehearsal space into operation.
Although we have seen a positive net impact from the measures it is clear that we have not as
yet returned to a sustainable financial model. Further work is certainly needed in areas such as
attracting more party and wedding bookings, consolidating success in bringing more gigs that
attract higher larger attendances and securing more grant funding to support our charitable
activities and enhance our spaces. We remain confident however that the Tin's management
and trustees possess the determination, initiative and skills to achieve this goal over the
medium term.
The financial statements in this report set out the detail of the financial performance within
2024/25.
Outturn Summary
The Tin ended the year with a net surplus on its statutory accounts of £12,562 which matches
the overall movement on the Funds Statement.

The fin Music and Arts Annual Report 2024/25
The underlying operating position is arrived at by removing the asset depreciation charge of
£12,243 and capital funding of £42,092 and adding back a one-off HMRC refund of £16,106
relating to previous capital costs. Having written out these items, the underlying outturn
position is a very small deficit of £1.181 compared with a similarly adjusted net expenditure of
£47,248 in 2023124.
This Position should be viewed in the light of the exceptional repayments from HMRC relating
st
to VAT registration on l May 2024, the £16,106 referenced above and a further £4,257
relating to prior year revenue expenditure. Without these the deficit would have been £21.544,
an improvement of £25,704 on 2023124. In broad terms, this improvement reflects savings in
operational salary costs, an increase in donations and increased income across several areas of
charitable activity.
Outturn Summary 2024-25
2024125
2023124
Mvt
Incomlng resources- Income
Outgoing resources- Expenditure
Net Incoming/{Outgoing) Resources
227,683
215,121
12,562
170,082
241,047
(70,965)
57,601
125,926)
83,527
Capital Adjustments
Add Back Depreciation
Less Capital Funding
Reclaimed Prior Year Capital VAT
Total Capital Movements
12,243
{42,092)
16,106
(13,743)
23,717
{11,474)
{42,092)
16,106
(37,460)
23,717
Adjusted Net Outgoing Resources
(1,181) 147,2481
46,067
Exceptional VAT adjustments
20,363
20,363
Like for Like Adjusted Outgoing Resources
{21,$441 147,2481
25,704
This continued deficit position reflects the Tin having insufficient income to support its annual
cost base which increased significantly in areas including bar provisions and staffing cost
Inflation driven by National Living Wage increases.
The Tln's 2024/25 bottom line tradin
surplus (£3,117) set out later in this report and in Notes
3 and 4 to the statements, has reduced somewhat from that achieved in 2023/24 (£14,910). It
15 this trading activity which provides a fundamental contribution to the 5UPPOrt of the Tin'5
charitable activitie5 although this has fallen some way short of funding all these activities in
2024/25. The section on Looking to The Future later in thi5 report sets out the Tin's response to
this situation.

The Tin Music and Arts Annual Report 2024125
The Tin's Funds and Reserves
Funds and Reserves record the overall balance being carried forward by the Tin, it can be seen
from the Balance Sheet statement that the funds and reserves are equal to the Tin's earnings
to date.
Opening
Balances
Net
Movement
Closing
Balances
Fund Name
Unrestricted
General Fund
General Fund
General Reserve
30,770
2,771
33,541
Total General Funds
30,770
2,771
33,541
Desl8nated Funds
Capita l Expendlture
The Pod
Coventry Muslc
52,505
1,625
2,327
13,743
11,625)
12,327)
66,248
Total Designated Fund
56,457
9,791
66,248
Total Unrestricted
12,562
Restricted
Grant-Funded Capital
Total Funds
87,227
12,562
Note 13 to the statements shows the breakdown of the net movement against each fund
including the reasons for transfers between funds and reserves.
The Designated Capltal Expenditure Fund matches the Tin's fixed assets balance and is not
available to spend. The balance will be Increased by any additional capital expenditure and is
reduced over time as assets are depreciated. Excludin8 the Capital Expenditure Fund, the
overall level of funds available to spend is £33,5411£99,789 total reserves minus £66,248 held
in the Capital Expenditure designated fund).
Designated Funds
In previous years the Tin held Designated Fund5 for project5 or programmes such as The Pod
and Coventry Music that run over more than one year and require balances to be rolled over
from one year to the next. However, these balances are not sufficiently material to justify
separate fund accounting, and improved reporting capabilities within Xero has allowed this to
be simplified. Control accounts are now used instead to manage such balance5 and to report on
activities. Funds received for Coventry Music and The Pod will continue to be used for their
stated purpose in full and the outcomes communicated with the relevant partners in line with
existing practices.

The Tin Music and Arts Annual Report 2024125
The only designated fund now held by the Tin is used to separate the net value of fixed assets
from retained earnings. This allows the net resources available to pursue charitable objectives
to be shown clearly in the statements.
A review of the Coventry Music opening balance revealed that no funds were being held
relating to the Live on Stage Programme as was previously understood, and the balance has
been transferred to the General Fund.
The movement in General Funds after incorporating the Coventry Music and The Pod funds
into General Funds is a reduction of £1,181 {an increase in the original General Reserve of
£2,771 and a net reduction in the 2 transferred designated funds of £3,952).
Statement of Financial Activities
The followlng sections provide some details regarding significant changes between 2023/24
and 2024/25 in the following areas: _
Donations and General Grants
Charitable Activities - Specific Grant5
Trading Actlvities - Income and Expenditure
Donations and General Grants
The Tin has been a charity since 2013 but until 2024125 had not actively publicised this or
sought to fundraise from people attending events or general supporters of the Tin. It is still
early days, but the impact of the modest campaigning so far can be seen in the table below.
2024/25 2023124
Donations and General Grants
General Donations
5,942
9,990
15,932
11,484
27,416
1,541
Donations towards capltal expenditure
1,541
Donations in klnd towards capital expendlture
Total Donations
1,541
Fundraising costs
495
180
The campaign to increase donations focussed primarily on funding for the major works to
overcome the significant leak at the front of the venue and to addres5 Other priority
improvements. This was to part match the main grant funding from the Veolia Environmental
Trust. The generosity of supporters has been wonderful, including a donation of nearly £4,000
by John Wilcox, an international DJ originally from Coventry.

The Tin Music and Arts Annual Report 2024125
The donation in kind was provided generously by Amtico Floorin& whose excellent flooring has
replaced the 1980's carpet tiles in the Community space and irreparable flooring in the rest of
the Units. The Tin was required to fund the fitting. This has vastly improved the appearance
and versatility of these spaces and is increasing hire out income.
Other actions to increase donations have included messages sent with gig listings and
instituting a link between ticket purchases and a donation opportunity for people who feel that
they want to pay more than the set ticket prices. This link generated £9,990 in 2024125 and it
is hoped that this will increase in the future.
Charitable Activities- Specific Grants
2024125 2023124
Speclflc Grant5
Revenue Funding Grants
Capital Grants
Total Specific Grants
3,750
20,618
24,368
1,086
1,086
Revenue Fundlng Grants
The only revenue funding grants received in 2023124 were £86 towards the costs of attending a
national Music Venue Trust event & £1,000 from Jazz Midlands to support the Tin's jazz
programming. In 2024125 the Tin was honoured to receive a grant of £3,750 from the Ed
Sheeran Foundation towards our music education work with young people.
2024/25 2023124
Ed Sheeran Foundation
3,750
Music Venue Trust
86
Other Programme fundlng
Total Revenue Grants
1,000
1,086
3,750
b)
Capital Grants
A new frontage capital project was started in 2024125 to address a major rain leak at the front
of the Coal Vaults that was threatening the Tin'5 continued operation. Grant funding was
obtained from the Veolia Environmental Trust as part of their firm commitment to ecological
transformation, preserving natural resources, protecting biodiversity, combating climate
change and decreasing pollution.
The main project is very nearly complete with planters still to be stocked when the weather
improves in spring 2026. The overall project included improvements within the Units including
the enhanced flooring within the Units funded through the donation in kind from Amtico.

The Tin Music and Arts Annual Report 2024/25
2024125
2023/24
Veolia
20,618
20,618
Total Capital Grant5
Trading Activities - Income and Expenditure
2024/25 saw a reduction in trading income and a fall in the net trading surplus before
management recharges from £46,740k to £26,494. Given that overall activity, seen through the
lens of ticket income, has increased marginally this indicates other forces at play to explain the
reduced bar revenue. This is an area that merits further analysi5 but 15 likely to be a
combination of drinking habits, especially amongst younger age groups, continued cost of living
pressures and the impact of higher bar prices reflecting inflation and the addition of VAT.
In Ilne wlth changes implemented last year, The Tln's flnancial statements reflect what are felt
to be appropriate management and core costs recharged to operational areas in order to
provide a broadly accurate picture of financial performance across the Tin's activities but
particularly trad ing activities.
These results indicate that the trading performance is more than covering its costs (including
recharge51 with a trading surplus available to subsidise the remainder of the Tin's activities of
{£3,117) although this is a figure which is much reduced from 20231241£14,910) and the
previous year.
2024125
2023/24
Trading Actlvities
Income
81,377
100,422
Expenditure
54,883
53,682
Net Tradlng Income/(Expendlture)
Before Management Costs
26,494
46,740
Management RechL7rges
23,377
31,830
Net Tradlng Income/(Expendlture)
Including Management Costs
3,117
14,910

The Tin Music and Arts Annual Report 2024125
Reserve Policy
The reserve policy approved by Trustees is to hold a general reserve equivalent to two thirds of
expenditure not related to events or activities calculated from the previous financial year's
outturn.
General Reserve Calculation 2024-25
Tota I non-event expenditure
109,210
Cal culated Genera l Reserve bal ance @ 213
Openl ng bal ance
Increase
72,806
30.770
2,771
33,541
Shortfa I138ainst policy fi8ure
42,036
The balance held at the end of 2024125 Is less than half that specified in the approved policy
although the actions taken to 5tabilise the decline in the Tin's General Reserve position have
ylelded a modest increase of £2,771 in the balance. The overall shortfall against our policy
figure reflects the continued difficult financial conditions in which The Tin operates with the
hospitality sector generally and Grass Roots Muslc Venues continuing to face major financial
challenges. The trustees and the staff team continue to take any opportunities p055ible to
improve financial resilience but even if these are successful (and this is a big if} it could take
several years before the Tin is able to approach what it regards as an acceptable level of
reserve balance.
The reserve policy will be kept under review to ensure that the target level held would be
sufficient but not excessive.
Looking to the Future
The Tin continued to achieve a good underlying performance in delivering its core objectives in
2024/25. Despite this we continue to face a difPicult financial reality, one that is shared by
many small arts organisations across the country, particularly grassroots music venues (GMVS)
such as the Tin.
Having survived through the Covid pandemic, the subsequent the cost-of-living crisis and the
current period of economic challenge, the Tin has demonstrated a degree of resilience. The
next steps are to build on the opportunities that have been generated over recent months.
The improvement in the appearance in our spaces makes the Tin more appealing and visible to
those who attend our gigs and other potential customers such as people looking for party or
wedding venue5. We have witne55ed an apparent increase in our standing amongst artists and
promoters within the live music industry with some higher profile and better attended gigs
secured. We have developed our knowledge of the best way of attracting donations and
continued our focus on how best to access grant funding streams.

Thefin Music and Arts Annual Report 2024125
These routes all offer the possibility of increasing our revenue streams and will all be pursued
as appropriate through the coming period. Together with a continued focus on the
fundamental activities of securing a strong programme of events and controlling costs give us
plenty to work on going forward.

The fin Music and Arts Annual Report 2024125
Reference and Administrative Detail
Charity Number: 1152636
Principal Office: Units 1-4, Canal Basin, St Nicholas Street, Coventry CVI 4LY
Also known as The Tin
Chief Executive Officer & Artistic Programmer and Trustees
Chief Executive Officer & Artistic Programmer
Sarah Morgan
Trustees
Catherine Darley
Duncan Elliott
Paul Jennings (Hon Treasurer)
Elaine Tierney {Chair)
Graham Tilley
Nyota Izeidi (appointed 2. October 2024)

The Tin Music and Arts Annual Report 2024125
Structures, Governance and Management
Governing Document
The Tin Music and Arts (The Tin) is a Charitable Incorporated Organisation (CIO) governed by its
th
Constitution dated 5 June 2013. It is registered as a charity with the Charity Commission. Its
only voting members are its charity trustees.
Appointment of trustees
As set out in the constitution, trustees are appointed for a term of three years by a resolution
passed at a properly convened meeting of the charity trustees. In selecting individuals for
appointment as charity trustees, the charity trustees have regard to the skills, knowledge and
experience needed for the effective administration of The Tin Music and Arts. A key priority for
the Trustees is to work towards achieving greater diversity and inclusivity in all aspects of
governance, management and operations including the composition of the board.
Trustee induction and training
New trustees under80 an orientation day to brief them on their obligations under charity law,
the Charity Commission guidance on public benefit, content of the constitution and objects,
and the committee and decision-makin8 process. They are given copies of the current version
of the constitution and latest Trustee's Annual Report & statement of accounts, and they are
encouraged to attend at least one event that is programmed by the Tin.
Organisation
The board of trustees, which can have up to 9 members, oversees and governs the charity. The
board meets at least quarterly with a diary of monthly meetings in case circumstances require
more frequent board attention. The Chief Executive & Artistic Programmer (CE/AP) is
appointed by the trustees to manage the day-to-day operations of the charity and is supported
as and when necessary, by one or more trustees with relevant skills or experiences. To facilitate
effective operations, the CE/AP has delegated authority, within terms of delegation approved
by the trustees, for operational matters including finance, employment and artistic
performance related activity.
Related parties
None of our trustees receive remuneration or other benefit from their trustee work with the
charity. One trustee has undertaken some paid work for The Tin and payments in relation to
events staged at The Tin. This is allowed within charity regulations and was recommended by
the CP/AP with the explicit approval of the other trustees.
Any connection between a trustee or senior manager of the charity with a production
company, performer or booking agent must be disclosed to the full board of trustees in the
same way a5 any other contractual relationship with a related party. In the current year no
such related party transactions were reported.

The Tin Music and Arts Annual Report 2024125
The daughter of the Chair works part time for the Tin as an Evaluation A55i5tant on the National
Minimum wage. The wife of the Honorary Treasurer works occasional paid bar Shifts. These
arrangements were approved unanimously by the Board in the absence of the related Trustee,
and processes are in place to avoid any conflict of interest or other failure in governance.
Risk Management
The trustees have approved a risk management strategy which comprises:
an annual review of the strategic risks the charity may face,"
the establishment of systems and procedures to mitigate those risks identified in the
plan;
and the implementation of procedures designed to minimise any potential impact on
the charity should those risks materialise.
Declarations
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charit¢s trustees
Si8nature
Full Name
Elaine Margaret Lena Tlerney CFPCA
Chair of Trustees
Position
Date
I" December 2025

The Tin Music and Arts Annual Report 2024/25
Unaudited Financial Statements for the Year
Ended 31 March 2025
for
The Tin Music and Arts
Registered charity number: 1152636

The Tin Music and Arts Annual Report 2024125
Independent Examiner's Report to the Trustees
of the Tin Music and Arts
Independent examlner's report to the trustees of The Tln Muslc and Arts
I report to the charity trustees on my examination of the accounts of The Tin Music and
Arts (the Trust) for the year ended 31 March 2025.
Responsibillties and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 20111'the Act,).
I report in respect of my examination of the Trust's accounts carried out under Section
145 of the Act and in carrying out my examination I have followed all applicable
Directions given by the Charity Commission under Section 14515){b} of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
accounting records were not kept in respect of the Trust as required by Section
130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requlrements concerning the
form and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a true and
fair view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the accounts to be reached.
M D Spafford FCA FCCA
LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB
th
Date: 27 January 2026

The Tin Music and Arts Annual Report 2024125
Statement of Financial Activities for the period ended 31 March 2025
2024/25
2023/24
Notes
INCOME
Donations and General Grants
27,416
1,541
Trading Activities Income
81,377
100,422
Charitable Activltles Income
118,890
68,119
Total INCOME
227,683
170.082
EXPENDITURE
Trading Activities Spend
78,260
85,512
Charitable Actlvltles Spend
Events and Activities
75,580
72,688
Spaces and Facilitles
58,440
74,101
Management and Core Activities
Governance and External Support
2,171
7,957
4,927
789
Total Charitable Activitles
141,118
155,535
Exceptlonal VAT adjustments
{4,257)
Total EXPENDITURE
215,121
241,047
Net Income /(Expenditure)
12.562
(70,965)
Reconciliation of Funds
Earnings
Totsl Funds Brought Forward
Current Year Earnin85
87,227
12,562
158,192
170,9651
Total Funds Carried Forward
99,789
87,227

The fin Music and Arts Annual Report 2024125
Balance sheet as at 31 March 2025
31 Mar
2025
31 Mar
2024
Notes
Assets & Liabilities
Tangible Assets
66,248
52,505
Current Assets
Stock
2,798
12,976
31,294
3,043
13,658
34,561
Debtors
10
Cash at bank and in hand
Current Assets
Creditors - amounts fallin8 due within one year
47,068
10,750
51,262
14.243
11
Net Current Assets (Llabllltles)
36,318
37,019
Provlsions
2,777
2,298
Net Funds
99,789
87.226
Earnings
Retained Earnings
Current Year Ea rlngs
187,2271
12,5621
(99,789)
{158,192)
70,965
(87,227)
Total Earnlngs
Funds/Reserves
12
General Fund5 /Reserve5
General Fund
General Reserve
33,541
30,770
Total General Funds /Reserves
33,541
30,770
Designated Funds
66,248
56,457
Restrlcted Funds
Total Funds/Reserves
99,789
87.227
The financial statements were approved by the Board of Trustees on 1st December 2025 and
were signed on its behalf by:

The fin Music and Arts Annual Report 2024125
Notes to the financial statements for the period ended 31 March 2025
I. ACCOUNTING POLICIES
Basis of preparing the financial statements
The charity constitutes a public benefit entity as defined by FRS 102. The financial
statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) issued in October 2019 {as updated through Update Bulletin
I published in February 2016 and Update Bulletin 2 published in October 20181, the
Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland
{FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applie5 from I
January 2015.
Income
All incoming resources are included on the Statement of Financlal Actlvltles once the
charity has entitlement to the funds; it is probable that the income will be received; and
the amount can be measured reliably.
Expenditure
Liabilities are recognlsed as expenditure as soon as there is a legal or constructlve
obligation committing the charity to that expenditure, it is probable that a transfer of
economlc benefits will be required in settlement and the amount of the obligation can be
measured reliably. Expenditure is accounted for on an accruals basis and has been
classified under headings that aggregate all cost related to the category. Where costs
cannot be directly attributed to specific headings, they have been allocated to activities on
a basis consistent with the use of resources.
Tangible Fixed Assets
In accordance with the Tin's fixed asset pollcy, depreciation is provided at the following
annual rates to write off each asset over its estimated useful life.
Leasehold Improvements
Plant & Machinery
Fixtures & Fittings
25%
25%
25%
Where expenditure is capitalised to comply with grant conditions it is fully depreciated the
year after purchase.
Stocks
Stock5 are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow-moving items.

The fin Music and Arts Annual Report 2024125
Taxation
st
a) VAT The Tin registered for VAT on l May 2024
b) Corporation Tax - The bar is primarily only open for performances in accordance
with charitable objectives. The only other occasions are private bookings for
parties and weddings and the income earned from these events is well below the
threshold for a corporation tax liability.
Fund Accounting
Unrestrlcted funds can be used in accordance with the charitable objectives at the
discretion of the trustees, these include the General Fund, General Reserve, and
Designated Funds.
In previous years Designated Funds had been used to identify unrestricted funds that had
been provided for specific purposes spanning more than one financial year that required
formal reporting processes to satisfy funding conditions.
The balances in these funds were not material and the holding of formal funds served to
add unnecessary complications to the reporting to funders. As from 2024/25 the final two
remaining designated funds have been replaced by more effective alternative tracking
facilities within the accounts. This has improved reporting and simplified processes.
The only remaining Designated Fund identifies the amount of the Tin's overall balance that
relates to undepreciated fixed assets. This allows the General Fund to show the true
position regarding funds available to spend.
Restricted funds can only be used for specific restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for
specific restrlcted purposes. There are no such funds at present.
Hire purchase and leaslng commltments
Rentals paid under operating leases are charged to the Statement of Financial Activities on
a straight-line basis over the period of the lease. There are no such commitments at
present.
2. DONATIONS AND GENERAL GRANTS
Donations in 2024125 totalled £27,416 including £11,484 in kind toward5 the Frontage
capital project including the wider refurbishment of The Tin's spaces. This compares with
£1,365 in 2023/24. The reasons for the increase are set out in the section on Donations
and Grants in main body of the report.
No general grants were received in either 2023/24 or 2024125.

The Tin Music and Arts Annual Report 2024125
2024/25 2023124
Donations and General Grants
General Donations
5,942
9,990
15,932
11,484
27,416
1,541
Donations towards capital expenditure
1,541
Donations in kind towards capital expenditure
Total Donations
1,541
Fundraising costs
495
180
3. OTHER TRADING ACTIVITIES- INCOME
The bar is only open when a performance or other activity is taking place except for
private booking5. The Income from private bookings is less than 25% of the total trading
Income.
Trading turnover breached the VAT threshold at the end of 2023124 and the Tin ha5 been
VAT registered since May 1st 2024. Net tradin8 revenue has fallen in 2024/25 limiting the
net surplus available to support the charitable activities and core costs. Steps have been
taken to improve gross and net margins in 2024/25, particularly in the light of VAT
registration.
2024/25
2023/24
Bar Income
74,052
7,325
81,377
90,958
9,464
100,422
Private Venue Hire
4. OTHER TRADING ACTIVITIES- SPEND
2024125
2023/24
Bar Stock Purchase
23,494
31,389
54,883
23,377
78,260
30,627
23,055
53,682
31,830
85,512
Direct Running Costs
Recharged Core Costs (Note 5)

The Tin Music and Arts Annual Report 2024/25
Trading expenditure has increased by the impact of the increased programme of events, an
increase in the National Minimum Wage, and the impact of increased price inflation offset
by the ability to reclaim VAT charged on the bar's expenditure.
The net trading position is explained in the main body of the report
Recharged Costs
In previous years a number of recharges were applied to share specific costs across
operational areas, e.g., 50% of utilities costs for the Coal Vaults recharged to the trading
account and agreed use of facilities recharged to the Live on Stage project.
From 2024125 these have been replaced by split coding at source to improve routine
financial controls and to comply accurately with VAT conditions, for example identifying
costs relating to VATable supplies, exempt supplies, and residual indirect supplies.
The recharges have been implemented to apply relevant management and core costs to
operational areas (Trading, Events and Activities, Spaces and Facilities). This provides
more accurate picture of the financial performance across the Tin's activities in relation to
costs including: the organisation, management, and payment of bar staff; all aspects of
managing bar stocks; event publicity," liaison associated with room hire and bookings. and
financial management and administration generally.
These recharges are consistent with the spirit of SORP which requires expenditure to be
reported on an activity basis to show how the charity has used its resources to further its
charitable aims for the public benefit.
Gross to
Mgt
Fees
Net
recharged
Operational Area
Percentages
recharged
65,678
100.00%
(2,1711
63,507
Trading Activities
Event5 & Activities
Space5 & Facilitie5
Governance & External
Support
35.59%
11.40'A
47.OOQA
6.01%
23,377
7,487 (2,1711
30,869
3,945
23,377
5,316
30,869
3,945
100.OO¥o
65,678 (2,1711
63,507
Management & Core Activities
(65,678)
2,171
163,507)
Check
The Management recharges for 2024/25 have been calculated on a felt fair basis rather
than time-consuming timesheets.

The Tln Music and Arts Annual Report 2024125
6. TRUSTEES, REMUNERATION AND BENEFITS
Trustees, Remuneration
One trustee received employee pay of £82 for duties unrelated to their status as Trustee
for the period ended 31 March 2025. One trustee received £433 in relation to the staging
of performances at the Tin for the period ended 31 March 2025. No trustees received
remuneration forthe year ended 31 March 2024.
Trustees, Expenses
There were no trustees, expenses paid for the period ended 31 March 2025 nor for the
year ended 31 March 2024.
7 STAFF COSTS
The avera8e monthly number of employees durlng the year was as follows:
2025
2024
Employees
No employee received emoluments in excess of £60,000.
15
15
Overall Employee Costs were as follows
2025
2024
Gross Pay
92,826
103,009
Employer National Insurance Contrlbutlons
3,930
5,663
Employer Pension Contributions
1,112
1,567

The Tin Music and Art5 Annual Report 2024125
8. TANGIBLE ASSETS
Leasehold
Plant and Fixtures and
Improvements Machinery
fittings
Totals
COST
At l April 2024
Less VAT reclaimed
72,215
110,4911
61,724
38,706
14,1081
34,598
15,691
126,612
11,5061 116,105)
14,185
110,507
Adjusted Fixed Assets
Additions Frontage etc
42,092
42,092
At 31 March 2025
103,816
34,598
14,185
152,599
DEPRECIATION
At l April 2024
Less Adjust for VAT reclaimed
Adjusted Depreciation
40,742
15,2461
35,496
22,532
11,4131
21,119
10,834
16951
10,139
74,108
17,3541
66,754
Charge for the year
13,114
5,135
1,348
19,597
At 31 March 2025
48,610
26,254
11,487
86.351
Net Fixed Assets as at
0110412024
31,473
16,174
4,858
52,504
Net Fixed Assets as at
0110512024
Additions
26,228
13,479
4,046
43,753
42,092
68,320
13,114
55,206
42,092
85,845
19,597
66,248
13,479
5,135
8,344
4,046
1,348
2,698
Depreciation 2024125
Net Fixed Assets as at 311312025
Capital expenditure to 1st April 2021 had been fully depreciated.
9. STOCK
31/03/2025 31/03/2024
Bar Stock
2,798
3,043

The Tin Music and Arts Annual Report 2024125
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
8,043
4,933
12,976
6,571
4,500
13,658
Anticipated grants
Total Debtors
All anticipated grants from 2023/24 have been received in 2024/25, the
anticipated grant shown at £4,933 is the amount from the grant received in
2025/26 required to fund expenditure on the frontage project in 2024125.
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
4,923
102
3,428
3,187
7,328
13,943
Taxation and social security
Other creditors
5,725
Total Creditors
10,750
12. Summary of Fund Movements 2024/25
Opening
Balances
Fund Name
Closing
Balances
Increase
Decrease
Net
Transfer5
UnrestrScted
General Fund
General Fund
187,216
215,121
127,9051
27,905
General Reserve
30.770
2,771
33,541
T¢)tal G•n•ral Funds
30,770
187,216
215,121
127,9051
30,676
33,S41
D*slgn#ted Funds
Gipltal Expenditure
52,505
42,092
42,092
128,3491
66.248
The Pod
1,625
11,6251
11,6251
Coventry Mu51¢
2,327
12,3271
Totsl De518nated Funds
56,457
40.467
40,467
130,6761
66,248
Total Unrestricted
87,227
227,683
215,121
12.562
99,789
Total Funds
87,227
227,683
215.121
12,562
99,789
13. Reasons for Transfers between Funds
a) General Fund and Reserve

The Tin Music and Arts Annual Report 2024125
General Fund
Impact of VAT Registration re Fixed Assets
VAT reclaimed on Capital Project
Less Adjusted Depreciation
16,106
17,353)
8,753
19,596
2,327
12,771)
Depreciation 2024-25
Correction to Cov Music Balance
Increase in General Reserve
Sub Total
27,905
General Reserve
2,771
Net transfers to General Fund & Reserve
30,676
b} Designated Funds
Designated Capital Expenditure
VAT reclaimed on Capital Project
Less Adjusted Depreciation
Impact of VAT Registratlon
116,106}
7,353
(8,753)
Depreciation 2024-25
(19,596)
Sub Total
128,3491
Designated - Coventry Music
Correction to prior year error
12,3271
Net transfers from Deslgnated Funds
130,676)
Net Transfers between Funds