Charity iegistration number 1153232 (England and Wales) Cornpany reg15tratlon number 08457936 THE BLACK DOG MUSIC PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE BLACK DOG MUSIC PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s K Madders R Bentley M R Ingle J Bariieb J Jolley Charlly numbèr (England and Wal9$1 1153232 Company number 08457936 Reglst6r6d offle• Earth Studios Unil 9 Caglon Industrial Eslale Salhous8 Road Norwich NR7 9AQ Independent examlner Scrutlon Bland Limil&d 15 Palace Street NORWICH Norfolk Unlled Klngdorn NR3 1RT THE BLACK DOG MUSIC PROJECT CONTENTS Page iepDrt Ind8p8ndent exatnlner's report Stslemenl of financial activlties Balance sheet Noles lo the flnan¢lal 81al8m8nl8 6-12 THE BLACK DOG MUSIC PROJECT REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 2025. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the charity's governing document. the Cornpanies Acl 2006. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Charitie5 SORP'Accounting and Repothng by Charities". Statement ol Recommended Practice appllcable lo chartties preparlng treir accounts in accordance wltt) the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021.. Objectives and activitie The oblects ol The 8la¢k Dog Muslc ProSecl, as stal8d In tho Mgmorandum and Artl¢leg ol As9o¢lallcfi are.. To develop the recovery, capacity and skills of the members through the Iherapeulic benelits ol music. in such 3 w3y that they are beller able lo ￿enIfy, and help meel their needs and to participate more fully in society. Th8 principal acllvbly of Ihe charlty 13 lo bring lo98lher people suff8rlng trom seiiere and 8ndurSng mental health problems. addictions and learning difficulties and give thern a r8al chance of changing their lives through positlV8 social interaction wi lellow group members and promote their recovery IhroLJgh music. Publi¢ benèfit The trustees have paid due ￿90rd to guidance issued by the Charity Commisgon in deoiding what o¢1ivilies the Charity should underiake. Voluni•8r$ The charity Nould not be able to continue as rt does wilhDuI the help ol ils volunl88rs. The charily 15 grateful for the work of its volunleers and all of Ihe time they pul In lo help and It Is hoped that this will conlinue In the future. Achlovam•nts and ￿rtOrniancO SigiiiliG&nl aclivili85 ai?d achigvem8nt$ against obje¢lives Diiring the yeor the 81￿k Dog Music Project.. Received an award for quallly In community car8 and support Welcomed 12 n&w members and 3 volunleers Enjoyed 4 outings and dèbut showcasè al a carè hom8 Held our first lestr'val al Wroxharn F￿tball Club Played 16 gigs, • launch8d youth project and harmonica lessons Bulldlng on thèsa succ8ssss, our actlvltlas from Aprll 2024 to Aprll 2025 Includad Ilvaly pèrformanc6s at Brlckfast and th• Reephatn F8Stival, th8 launch of n8w brochur8s. and the acquisition of two len15 to support our 8xpanding ev8nl8, Wtr cnntinued our outreach, connecting with King51ey Care and the Lord Mayorfs Celebrations, and hosled a memorBble Hallowèan parfy. Our ¥ngagomenl with thg widgr ¢ommunity wes lurthgr Slrgngthgnad through participalion in thè Small Charities Ewenl at The Forum in June, as well a5 conlribuling lo the Carers Info Day h81d al the sa￿8 venue. Throughout thi5 period, our cornmilment to inclusive rnusic experiences and comrnunity support has remained al the hegrt of everything we o. FSnanclal rovlow The financial slatemenls are set out on pages 4 10 12. Total incorne for the year amounted to £56.75112024.' £15,775) and tolal axpsneitura 8rnount8d to £48,54412024.. £21,018). Reserves held that the end of the year amounted lo £20,932 of this £20,052 was unrestricted funds £880 was ￿$triCted. THE BLACK DOG MUSIC PROJECT REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 R8S8Ngs policy It is the policy ol the Charity Ihal unrestri¢led lunds whi¢b have not begn designaltsd lor a S￿￿11¢ uso Should b& maintained at a18V818quivalent to b8tw8en thr8e aNd six month's 8xponditure. Th8 trust88s consid8r that r8B8rv88 al this leval will en8ure that, in the event ol a significant drop in funding, they will be able lo conlinue Ihe Charity's Current a¢tDiities while con5iderali¢n is given to ways in which additional funds Tnay b8 raised. This18vel of res8ty85 hag been mainlain8d throughout the year. Slru¢lure. govemanu and managemont Th8 charity Is a cotnpany limited by guarante8 IR8gistralion Nurnb8r 084579361, incorporatgd on 22 March 2013 and governed by its rnemorandum and articles of as￿atiOn. Charitable status was granted by the Charity Cornmi55ion (Registration Number 11532321 on 5 August 2013. Tho Iru$l&g$, who arg also tho diro¢lors lor th$ purposg of ¢omp8ny18w, and byho sorv¢d during the ygar and up lo Ihg dale of signature of the financial staternenls were.. K Madders R Benll8y l R Ingl¢ J Barnes J Jolley Recruitment and appoinlment of tfrustees The Iruslee5 of the chwilable company are èppoinled by the mèmbers ol the chadly. on the recommendatr'on ol the cur￿n1 trustees, during general m8•ting. Th8 Iruslees meet on a quarterly basis wilh th8 rnanagement to discuss operational, financial and funding issues. They also make Ihernselve5 available as and when necessary lo advise on day.l04ay matters. Non8 of tha trusteès has any baneficlal Intarasl in th8 company. All of tha trusl88s ara membars of the cornpany and 9uarantèè to contributè £10 in thè evènt ol É 1Ninding up. Th9 report was approved by Ihg B￿rd ol Trug199s. K Madders Tru8t•• 13 Januory 2026 THE BLACK DOG MUSIC PROJECT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BLACK DOG MUSIC PROJECT I report lo the tru5lee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Th8 Black Dog Music Proj8Ct Ilhe charity) for Ihe year ended 31 March 2025. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes ol company lawl, you ar• responsible for tho preparallon ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006. Having $8li$fied myself that the finan¢ial statements ol the charity are not required to be audited undèr Part 16 of the Companies Act 2006 and arè eligible for independent èxamination, I rèport in resp6cl of My exarrination of the charty's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my exarllination I ha08 lollow8d the Direclions given by the Charity Comrnission under section 14515llbl of the Charities Act 2011. Ind•p•nd•nt •xamln•rf8 stat•m•nt I have comploted my exarninalion. I confirm Ihat no rnarters have corne to my atlenkn'on in cL)nneclion wilh the examination giving ma causa lo beliav$ that in any matarial raspècl.. accounting records were not kept in resped ol the charity as required by section 386 01 the Companies Act 2006. the financial statements do not accord with those records., or the financial 51alernenl8 do nDI cotnply with Ihe ac¢x)unling r8quirements of 8eclion 396 of the Compani85 Act 2006 other than any requirement that the fi'nancial statements give a true and fair view, which is not a matter considered 85 part of an indepènd8nt examinallon., or the financial stt)lernent5 have nol bean pr•pared In accordance with Ihe mèthods and prlncipleg ol the Stalamenl of Recommended Practice for 8ccounling and reporiing by charibes 8ppIic8ble lo charilies preparing their finBnci?I statements In acGDrdanG? wllh Ihg Flnanclal Repomlng Standard appll¢ablg Ihe UK and Repu>llc of Iielan*J IFRS 1021. I have no concerns and have c4Jme across no other matters in conneC￿.0n wilh Ihe examination to which attention Should be ¢rawn in this report in order lo en8blp a proper undersianding of the linan¢io1 Stolemenls lo be reo¢h¢d. Mark Johnstone FCA Scrullon Bland Limited 15 Pal¥¢e Street NORWICH Norfolk NR3 1RT Unit8d Kin9dotn 13 January 2D26 THE BLACK DOG MUSIC PROJECT STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•stri¢tsd Restri¢t•d funds funds 2025 2025 Total Unro8tri¢tsd Re8tri¢l*d fund8 funds 2024 2024 Total 2025 2024 Notes Incom• from= Donations and legacies Chari18blè 8clivth$s 35.049 14.952 6,750 41,799 14,952 4,390 11,385 4.390 11.385 Total Incom 50.001 6,750 56,751 15,775 15,TT5 Expenditure on: Charitabl¢ ¥livI19$ 41,794 6,750 48,544 21,018 21,018 Total •xp•ndltur• 41.794 6,750 48,544 21,018 21,018 Net incomellexpenditurel and movement In fvnds 8.207 8,207 15.2431 15,2431 R¢¢on¢lllallon of funds., Fund balances at 1 April 2024 11,846 880 12,725 17,088 880 17.988 Fund balancos at 31 March 2025 20.052 880 20,932 11,845 12,725 Tho $talemtnt of finan¢ial a¢livili09 includ¥$ all gains and10ssg$ ro¢ognisgd in tho year. All income $xptrndilure dorive from continuing activities. THE BLACK DOG MUSIC PROJECT BALANCE SHEET AS A T 31 AIARCH 2025 2025 2024 Not9¥ FlxÈd 8gse18 Tangib18 asse18 10 5,053 Currènt a88èts Cash at bank and in hand 16.929 12,465 Credllors: amounts falllng due wlthln one year 11 11.0501 Net current assets 15,879 12,465 Tot•1 os$0ts l•$$ ¢urront Ilabllltlos 20,932 12,72S The fvndb of the charity Rgslri¢tgd in¢omg funds Unrestrictsd funds 12 13 880 20,052 11,845 20,932 12,725 The cornpany is enlilled lo the exemption from Ihe audit requirement ￿ntained in sedion 477 of the Componies Act 2006, lor the year gndgd 31 Mar¢h 2025. The directors acknowl￿ge their responsibilities lor complying with tt)e requirements of the CDMp8nies Act 2006 with respect to accountr'ng reetrrd8 8nd th6 preparation ol linantial slat8m8nls. The members have not required the cornpany lo obtain an audit of its financial statements lor the year in question in a¢¢ordon¢¢ wilh se￿10n 476. I h888 Iinanclal slatarn8nts havè téen pr•par8d In accordanc• wlth the provlsions applicaD18 to companies subject to th8 sméll cornpaniès re91n￿. Th& financial slalem&n18 w6re approved by tha Iru61&&8 on 11 January 2026 K Madders Truste? Company registration number 08457936 (England and Wales) THE BLACK DOG MUSIC PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountSng pollcle8 Ch8rity infowmation Th8 Black Dog Music Project 18 a prlvato ojmpany Ilrnlted by 9uarant•8 incorporatèd In England and Wales. Tha r8glsterod officè Is Earth Studios, Unil 9 Caston Industrial Estatè, Salhousé Road, Nomlch, NR7 9AQ. 1.1 Accounting conventlon Th& financial stalemènts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)arity's gov&rning doeLJm8nt, the Comp3ni8s Aet 2006, FRS 102'The Finanu81 Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP 'Accounling and R8FOrting LTry Charilies.. Slat8ment ol Recornmended Practice applicable to charities preparing Ihair accounts in accordance wilh the Financial Reporting Standard appI￿abl& In th8 UK and R8publle ol118land IFRS 1021" The eharbly is a Publ1¢ Ben8fil Entity as defined by FRS 102. The eharfty has tsken advantagè ol Ihè provisions in thè SORP for charlliès not to prèpare a staternent ol cash flows. The financial slalements are prepared in 618rfing, which 15 the functional currency ol the charity. Monetary amounts in firidfiLltil sldli>iri¥ril¥ rour)d¥d tu Ili# Iitldf&?*l £. The linon¢io1 Stolements ho'le been prepored under the historical ¢osl ¢onvents'on, Imodified lo include the revaluolion ol freehold properties and lo include inyestrllgnl propgrtie$ arKI certain financial inslrutnents al lair v8lug1. The princiwl accounting policies adopted are set out below. 1.2 Golng ¢on¢gm Al the lirne of approving the financial slalernenls, the Iru51ee5 have a re850nab1e expectation that the charity has ad8qual8 r8sourc8s to continu8 in operational 8xist8nc8 lor th8 foresè8abl8 futur•. Thus th8 trustèès conlinu8 to adopt tha going concèm basls ol accountlng in preparing thè financL41 stalemants. 1.3 Ch8rlt8blo fund$ Unre51ricled funds are available for use at the discrellon ol the Iruslees In further8nce of their charllable objeGllves. Restricted lund¥ are gubj8et 10 specrfie conditions by donors or 9rsnlors ag to how they May be used. The purptrs8S and uses ol the restricted funds are sel out in the notes to the linanaal staternents. EndowmÈnt lunds a￿ subjèct to spèeifie condltions by donors Ihat thè eapital musl ba maintainèd by the charfly. 1.4 Incorne Income is rocognis8d wh8n Iha charity Is logally 8ntilled lo it after any p8rfortnance con¢Jitions hav# b¥•n m8l, tha arnount5 be ￿eaSured reliably, and it 15 probable that incorne will be rec8ived. Cash donations artr r¥cognis¥d on rèceipt. Other donations ar¥ recognisèd onc¥ th¥ charity has bèen notifièd of the donation, unless perforrnance conditions require deferral of the amount. Income tax recoverable in relatio￿ to donations ceived under Gift Aid or deed5 of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othen￿lSe rf the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the arnount is nct known, the legacy is treated as a contingent asset. THE BLACK DOG MUSIC PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl 1.5 Expendituro Expenditure Is r￿Ognised On￿ there is a legal orconstructive obligation to transfereconomic benefit to a third paty, it is probablo that a tr8nsf¥r ol oconomic bongfits will bo roquired in setugmgnl, and Ihe amount of the obligation can b$ measured reliably. Exppndilur9 is classiligd by activity. The costs of each a¢tivity arg rnad9 up of thg tol31 ol dir9ft ¢osts and shared cosls, induding suppom aosts involved in undertaking each activity. Direct costs attributable to a singl& activity are allocated directly to that activity. Shared costs which contribute to more than one activity and supptsrt costs which ale not allributabl8 to a single activity are apportion8d balwa8n tho$8 aclivit18s on a basis Lonsist8nl with Ihe use ol resources. Central staff costs are allocated on the basis of tirne spent. and depreciation charge5 are allocated on the portion ol the asset's use. 1.6 Tanglbl• fixed as80ts Tangible fixed a£set5 are initially measured al cost and subsequenly measured al G05t or valuation. nel ol depreciation and any impairment105ses. D¥pr¥Li&liuii is ItlLoyiiib¥d su lo wilt¥ oll rosl vf vdluÈ)lioi) ul abs¥lS l¥ss Ili¥ir r¥siduai vélu¥s uv¥r itri¥ir us*lul Ilv8s on lh8 followlng basès". Musical equipment 25010 Reduclng balance The 9aln or loss arlslng on the Jlsposal of an ass￿ Is determlned as the cllfference between the sale proceeds and the ¢errying value of lh¢ 95sel, ond is rew9nised in Ihe slolement of linanGio1 o¢liviti¢s. 1.7 Impalrment of Ilxed agsets At 8ach réporting and data, th• charity reviews the carrylng amounls ol ils langible ass819 to d8l•rmina whathor th8rè i¥ ￿riY iridiGiillL)11 Iliiil Ilio¥e il¥¥¥l¥ Iiave sumervd dll 1111pdlriiieiil IL)¥¥. 11 diiy ¥ULlI IiiaiballL)11 exltit¥, Ilie reLuverable amount ol the asset is eslimaled in order lo delemiine the extent ol the impairment loss lif anyj. 1.8 Ca8h and cash •qulval•nts Cthsh ond Cash equivolents Include Cash in hond, deposlts held ot eall wth banks, other shtsrt-term liquid investments with orlginal maturiti•s of thra8 months or18ss, and bank ovérdrafts. Bank ov8rdrafts arè shown wlthin borrowings Basic financial assets Basie linancitsl Jss•ts, whleh Inelud& d8btors and cash and bank balane•s, ar¥ Inllially maaÈur•d at tranxacllen prfco induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless th8 4rrangem8nl conslitules a financing transaction, where th8 Iransaction is tneasured al th8 present valu8 of the fLJture receipts di5fX)unted al a rnarkel rate of inter8st. Financi41 ass8t5 classffi8d a5 receivable within one year are not amortised. 8aslc Ilnanclal Ilabllltles Basic ffinancial liabilities, including credilDrs and bank loans are initially recognised at transaction price unless the arrangement conslilules a financing transaction, ￿%here the debl inslrumenl is measured al the present value ol the future paytnenls discoun18d al a market rale ol interest. Financial liabililies classified as payable within one year are not amortised. Debt instruments are subw4uenlly carried al arnortised cost, using the effective interest rate m8th funds 2025 2025 Total Unrestricted Reslricled lunds funds 2024 2024 Total 2025 2024 Donations and grft$ Gr43111 12049 23,000 12,049 29,TS0 4,390 4,390 8,750 35.049 6,750 41,799 4.390 4.390 Income from charltable actlvltles Unreslrlcled funds 2025 Unrestrlcted tunds 2024 Cor• activili•s Muslc Practica f8¢ililles 14,952 11.385 THE BLACK DOG MUSIC PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendltur6 on charStablo actlvltles Corè activitie9 Cor• activit••g 2025 2024 Direct Costs Depreciation and impairrnent Events and day In'ps Roorn hire Insuran Trave Tutor lees Othèr 232 17,434 23,130 1,187 1,775 3.850 13,141 1,199 2.582 2,086 246 47.494 21,018 Share ot support and governance coslglgee note 61 Governanc8 1.050 48,544 21,018 Anatysls by fund Unre51ricled funds Restrfcl8d funds 41,794 6,750 21.018 48,544 21,018 SuppDrt ¢o$t$ allo¢at•d to actlvltl•$ 2025 2024 Governance cosls 1,050 Analysed be￿een. Core a¢llvi11gs 1.050 N•t movgrn•nt In funds 2025 2024 Th• net movement In funds is staled aftrer chargingllcr8dltingl.' F8gs payabl& lor lh8 indep8nd8nt 8Xatnination of lh8 charitys Iinana31 slat8ments 1,050 232 Depreciation of owned tangible fixed assets Tru$tg¥S None of Ihe truaees lor any persons connected with theml received any remuneraiion or benefits from the charity durln9 tho y&ar. THE BLACK DOG MUSIC PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Taxatlon The ch8rity 1$ eJ¢empi from t8X8lion on its 8ctivitie$ be¢8use ell its ineorn& is 8pplied for eh8rit8ble purposes. 10 Tanglbl• flx•d a5s9ts IAusical ouipm•nt Cost At 1 ￿Pri1 2024 Additions 5,025 At 31 March 2025 6.751 D•prn¢latlon and Impolrmgnt Al 1 April 2024 Depreciation Charged in the year 1,466 Y32 Al 31 March 2025 1.698 Carrying amount At 31 Mar¢h 2025 5,053 Al 31 March 2024 260 11 Creditors.. amounts falling due within one year 21125 2024 Accrua15 and deferred incorne 1,050 12 Restrlcted lunds The restricted funds of the tharily cornpri58 the un&xpended balances ol donalionB and grants held on trust subject lo specific conditions by donor5 as to how they rnay be used. At 1 Aprll 2Q24 Incomlng r•Bources Rosourcos expended At 31 March 202S Shelrtsy Trust Fund Sheila Ann Day Fund Love Norft)Ik Fund 880 2,500 4,250 12,5001 14,2501 880 6,750 16,7501 10- THE BLACK DOG MUSIC PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 R•$tri¢t&d funds Icontinutdl Prtsvitsus ytsar.. At l April 2023 Ineoming r¢sour¢o$ Retour¢ès 9xp•nd•d At 31 Mthreh 2024 880 The Shelroy Trust Fund - funds received in resped of purchasing recording and rel￿arSal roorn equipment. The qheila Ann Day Fund lunds received towards studio hire, events and social outin9S Lovo Norfolk Fund - funds rfr¢glv¥d loth'ards studio hlrg and ov&nls. 13 Unr•8trl¢tsd fuNd8 The unreslri¢led funds of the charity comprise the unexpended balan¢es ol donations and grants which are not SLJbjeot lo specific condrtions by donors and grantors as lo htsw they Nay be used. These i￿U￿8 designated funds which have been set aside out ol unrestricted funds by the trustees for Specific purposes. At 1 April 2024 Incoming r•$ourc•* Re80urce8 •xp•nded At 31 March 2025 General funds 11,845 50,001 141,7941 20,052 Pr•vlou$ y••r'. At 1 Aprll 2023 In¢omlng resourc•s Ro$ourc•$ 8xpend•d At 31 March 2024 General lund8 17,088 15,7T5 121,0181 11,845 14 An*ly¥is of net assets between lund¥ Unrestrictsd funds 202S Reotricted funds 21125 Total 2025 At 31 March 2025: Tangible assets Currenl asselsllliabililiesl 5,053 14,999 5,053 15,879 880 20,052 880 20,932 11 THE BLACK DOG MUSIC PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Analysis of net a8strts betwèèn funds Icontinutdl Unrostricted lund8 2024 R•$trictsd funds 2024 Totthl 2024 At 31 March 2024- Tangible gssels Current assetsl{Iiabilitiesl 260 11,585 880 12,465 11,845 12.725 15 Relatsd party tran8actions Th8r8 w8re no dLsclosabl8 r8lated party transacllons durlng th8 y8ar12024- non81. 12- This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.