Charty rnglstratlon rmmkn 1153716 (England and Wales) NOTfiNGHAM MUSIC SERVICE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTfiNGHAM MUSIC SERVICE LEGAL AND ADMINISTrATIVE INFORMATION Mr N Cooke Mrs L Lesquereux (Chalr) Mr M H8nry Mr8 C Harni80n C Atkln8on MSUJ Ms W Smllh Sgnlor Manag•m8nt Taam Mr18￿10n, CEO Mr M Asplnall, Bu8lne88 OporatK)ns and Strategy Managor 1153716 Charlty numb•r Lab8s HouÈe NG2 1NL Audllor Roger8 Sp8ncer House Pdham Road Nollingham NG5 1AP Bank•rn CAF bank Ltd 25 Klngs HNI avenue lfjngs HIN West M4llng ME19 4JQ NOTTINGHAM MUSIC SERVICE CONTENTS Chairs reptKt Page Tru8tea8' rewrt Stat•mont of tru8ie88' respon8ibllltl8s Independent audltofs report 9-12 Statamont of finanaal acovltbs 13 Balance shget 14 Statement of cash flow8 15 Notss to ts finand818taiem8nts 16-31 NOTTINGHAM MUSIC SERVICE CH￿￿8 REPORT FOR THE YEAR ENDED 31 AIARCH 2025 I took on the rde of Chalr of Notbngham Muslc Se￿8 In September 2024, f￿l￿r￿j Janm Gibbons. who led the Board wlth commitiwt and care over Several years. I'd lik8 to thank Jarnos for his o)ntributton aThJ am pleaggd to Shar¢ that he ￿n11n￿88 to support ¢)ur work as Chalr of the newly fomied Nolbngham Cltyl hk)ttlngh8mshlre Musk Hub Consortium Board. Ow T￿￿rer. Da￿ld Wesker. also retired frovn the Board in September. It is thanks lo hls wd8nt financial management and Planniry that remain a financialy vkable Organisallon. l extend my thanks arml b851 wishes to hlm. The fonnatlon of the consortlum Is a signlficant deVelopn￿t in the evoluuon of Nottingham Muslc Servkn. ft alkyw8 US to woth nwjre dosety across both the clty and county. 8hathg resources and events. We aro already seeing benefits thmugh iolnt plannlng. shared eventi and a ff￿re C(￿thna16d approach to 8UPPOrting ¥chooJs and young P•W8. It dso glves us a strorw p1alf0￿ lo respcmd to natlonal Ch￿g&S in mu8lc educatlon. In December 2024. wè moved Inlo our new organlsatl(Thl base at L8b8s House. Th1818 a really ￿K>S1￿ve move, vthlth l*s taken u8 over eight years to find tho baso for our work. tt has provided us ￿th space for our Staff and stu(*n& and we have be•n able to utlll88 som¢ of our reseThes to Ter￿ the bulldlng. provldlng improved (adI￿e8 for r8hearsaK M#t1￿￿8, arKI events. 11 h88 helped u8 work mre effi¢bnUy and created a central point for our 8cllvitlag-something that has been lacki￿ since before lockdovm. The buildlng is now used dally ftt en8embl8& r￿a￿al$, as our offKe spa￿, and h&8 qulckly 8n important part of our organlgatlor￿l identty. Our 8tsff have conllnued to dellver hIgh￿ualIty teaching support across Nottkngham Cty. Thetr work In 8¢hc¥)ls, en8emble8, and behlnd Ihe SC8￿ has helw us reach more pup115 and malntain a strong progRmm8 of 6vents. I vrfant to thank It￿ for tholr ongolng dodkauon and professlonallsm. Whether 183mlng In school. reh8arBlng In ensenknle8, or performing in publlc, thè young ￿0p1a Ihtho u88 our 8ervicxs qx)ntlnu8 to with mu81c and develop tslr sklll& Thelr progress and enthusl85m gre f*ntral to everythlng wa do. and we remain fo￿Sed on ensuring they have the suppcKt and opportun￿$ ty need. We are aware of thg fina￿la1 preswres faclng mLth ed￿tIOn. s(*KKJls, arKI famiTh88. and 80 are to find nthv ways of dellverfng our seryk￿ that are both effective and suslainable. The o)nsortium gives us a stronger fr￿rthti0n to do thi& and ￿ wlll uxrtitwe tt> ewore new approach8& Looking 8head to next year, we will continue to evolve our ensembles al Labe8 Hou80 and how uso th8 bulldlng. Creati￿ a Lx)nsi61ent and arK&8sibb ba88 for r8h8arsa18. ensemble4 a￿1 small groups. This will all( us to Increase the sense of community among our ycwrvJ mu81fxan8. W8 wlll al80 contlNe to revlew our provtslon to meet the (*￿LIng ngeds of wpib and schools. ensurfn9 that our pro9ranme8 remaln Incluslv8. relevant, and esqu8r•ux Chalr ofTnth8 NOrnNGHAM MUSIC SERVICE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trust888 we8ent thelr annual report and finanoal stalements fry the year ended 31 Ma￿h 2025. Thg Ilnandai statem8nts have baon prepared In accordanGe wtth the acoJuntlng policles 88t out In nol8 1 to tho finan(4al statements and comply wlth the charws govemlng documenc the Charfties Act 2011 and 'Accounlfng and R•wting by Charfues: Statsment of Recommended Practi¢8 applicable to clwrltfes prepartng thair aca)unts In gcconyance wlth the Financlal Raporung Skndard applICab￿ in tho UK and Republic of Ir•land (FRS 102). wr (72% In 2023124) due to four schools no longar havlng th8 finan(aal re8ourca8 to buy In our 80r¥hx8. We also provlde progreS￿on routas so that young p8ople ean ￿n￿nue thdr mu8lc making outsldo of s￿￿1 and advance as muslclan8. Our Arna Bands arè beglnnèr on8embles provlded after school, whlle our Sabjrday Mu8lc School {worklng In partriorshlp wlth the Nottlngham Contemporary arKf Nolllngham College) provides a dear progrgsslon routè Into one of ￿r orchestras {RHYO Interconnect and our fiag8hlp Robin Hood Youth Orthestra). Kèy programm88 Indudo: 1. Whole Class Ensemble TeaohlryJ (WCEf) proty8mme - a year of en86mble teachlng In whole classas on a range of In8trurnents. 2. Muslc Camps- t¥Yo day ros￿6n11aIs for p￿t-wcEr pu￿8 lo kk* 8tart thèlrloamlng Into year 5 arKI 3. Area Bonds- a natsvork of smam Arga Bands b888d In schrK48 across the clty. avallable for pupll8 to acce68 Immadlately after thelr WCE year, 4. Nottrngham Muslc School - operatlng on Saturday mornings provldlng •nsembl•' opportunltlgs through the Robln Hood Yoiith Ordwstrn (RFtYO) family of en5embl8S 6. Slnglng Stratryy- a prooranvne of 81ng1￿ Incorporatsd Into our repwknire. events and teachkvJ; Contlnual Professbnal Development {CPD) a￿1 ovents: 7. Exam stratsgy - Accredlted by Muslc Teacher8 Board (MTB). Targetad onllne supw)rt s￿l0n$ lor 18rg8 scale Grade 1 and Grade 2 8ntrles am the 1>tr, 8. Events - an annual programme of 8vents knduding Chrknas in the City, Blng Clty, th? Grèat Orchestra Experlmenc Intarconn8Ct Tour. large 8¢ale kna Bands Concarts and an end of year RHYO tour Including a large 8¢aEe concert. NorriNGHAM MUSIC SERVICE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARQH 2025 In Harmony (IH) - Nottlngham Music Servlce delivers one of only slx In Harmony programme8 acm88 England. Irwtred by the prlnclples of V8nezu6la'8 Insplrational El 8istema. In Harmny18 a nattonal programme that alw to inspire and transftym the live8 of chlldren in deprlv¢d communrli08, uslng the power and dlsclpllne8 of conwnunlty&sed orchestral mU8iC•maklng. In Septsmber 2024 w8 learnt that the In Hamiony programme fundlng Wr￿Id be extended to March 31112026. The IH fundlng allow6 U8 to enhance our provl8lon wllh tha prindple8 of In Harnwny. Thls Includ08 tralnlrnJ staff, offerlrvj an Intemthlp trj an ex memberof RHYO and knereasing our after 8chool prov1310n. Publlc ￿Tro￿t truste8B confimi that they have compll8d with tho r•qulroments of 8eckn 17 of the Charftles Act 2011 to have du• regard to the publlc benafft guldanc4 publlsh8d by tho Charity c(xmmlsslon for England and Wale8. Achlmm•nis and P•rfornianc• Thls has b8en a year of change for No￿nghaM Musle Serv1¢•. In Apnl 2024 wa farmed a clfy and cwnty wide Muslc Flub ec￿soft1UM wlth In8plre Mu8ic, wlth them being the Hub Lead Organlsatlon )rw of ts mod61 muslc CUrA￿lum. Over the tlma it ran had over 400 completed challengès Invomng 74 dassa8 In 24 s￿￿ls. . In F8bruary 2025 we su¢ca88fully delfvered our revl¥gd Slng Clty competmon. Thls has proved to be one of our m08t 8UCCOgslul everrts wlth noarly 40 entrants. The wlnners have had the opportunlty to h8ve a fflmed InteNlew and p8rrom1an￿ (Fllmed by students from Noiiinohom College) and slng at evonts across the We have dlversmad our en8embkn to Indude non-or¢h88lral Iithments focu81ng on gurtary dnuns. keyboard and volr*. Trese hava proved very ptspU￿r. In June 2025 w8 dellverad a18rg• $¢810 evènt workirKJ wlth the Transform Thjst. Thts Induded 25 8chool8 acros5 Nottingham Clty, Nottlngham8hlr8 and Derby and fJJlmlnatsd In a event attendgd by over 5(NJ pupll8. School tea¢hlng 8taff were 8180 provkled wlth resourc?8 kn dellvar CPD In thelr schools to en8ure that leamlng ￿ntInu•S aft*r the event. In July 2024 our Robln Hood Youth 0￿8$tra undertts)k a ￿r to Kar18ruhe In Gemwny. Th18 was pwt crf our pather8hlp wlth tha Jungondorehe8t8r Stadt (JOK). Whlch m8an8 that ev•ry hvo years we vlslt Kartsruho or JOK v18it Ug. The tour involved 3 days th Blad( Foro8t pl8￿ng at vartous events In 1h8 local ar88 and then moving on to stay In Karlsruh8 centrg Pl4￿ng at a l•rg• concerL as a (*mblned NOThINGHAM MUSIC SERVICE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR EP4DED 31 MARCH 2025 Flnandal rovlew Despkn ry)nllnued fr18ncial pressures fundlr•a uncwtsvths. NrAtingh8m Muslc Service (NMS) has endéd the financial yéar with a healthy surplus of £41.065. a nclable impriwement from mrxknt £500 8urplus In the Previ￿ yèar. The tsustees are saltsfled that the organisation remains financlally re811ienC with adequate re58rv8S and cash fiow kn r[￿ its ¢mmilfflenf& and o)nllnu8 to adopt tho going concam b8816 In preparfn9 the Ilnandal In¢om• and Fundlng . Totsl Income increased by 2% (exdudlng (mtroff proiect f￿dIng), rislro from £1,0￿.140 to £1.112A58. A welLX)me contlnuatlon of In Hannony fvnding to March 2026 was racelved, ttK)ugh late notlficallon limAts long-twm pknniNJ. School Intme ahowed 8 modest 1% risa lo £374,785. a posltive result given tho corrtlnued straln cm School budpts. Tr&et sal98 frun S￿nt perfomiances rernalnèd strong at £19,101 (2023124.. £19.168). . W• wero Su￿esSfiJl h) our appllcatkn fDrArts Counul Nat1￿1 Lottery ProJe¢t Grants and se￿Jr8d £26,970 to fvnd a two year Great Lft1￿ Ckch65tra Projec( £13.485 thrkng th18 fmanclal year arKI ngxL Exp•ndltur• Total oyndlture r086 marghMIty by und8r 1% to £1,084.877 (2023124: £1,076,712>, desplte: . A £20,(M)O Increase In employer Natlonal InwrarYA ￿n￿t￿j￿Ons. . A 3% admin19trakn fae reducirYJ our core fun(Ing. Tha board agY88d a 3% pay rfse for Staff In S8Ptember2024. FIwKlrnlslng Fundrd181ng conllnue$ to b8 a strong area: . Over £60,000 h88 been ral88d for th8 thKd con8e(xrtlv8 year. . Signlficanl support Tecoived fmm a range of tmsts. foundatlonÈ. a￿1 indlvrdual donors, ind￿tIng. . £10,000 annually fr(xn a privato donor over three year& Trusts & FfxwKIati￿e grants inGlud £15,(M)O from BBC Chlldren in Need (year im) of a tW￿year grant) In 8WJWt of tho Robin Hood Youth Orth88tra. £10.000 from Garf*Jd Weston in support of knterciJnnecL £5.000 from Gwman UK conneL*l0￿ kn support of Karlsruhe tesidentlal £4.1]00 from the Harri8on.Frdnk Famity Foundation, £3.500 from The Backstage TrusL £3.000 from D'oyly Carte. £1500 Browne Jacobson. £1200 from th8 Wygin Foundation and £1.000 from The Fomian Hwdy (JMrflabl8 Trust and GrourKlwork UK (Tesco). These donallons fund work in provlding chlldren the opportunty to engage wlth music wlside rf the dassroom environTh*nL For seGrnd year rmnlng we have 8 suc?￿&fUl Blg Glve Campaign resuhlng In BtrJ Glve Trust matchlng £1.0(X) of ￿￿￿1g•S. NOThINGHAM MUSIC SERVICE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Golng ￿l¢eM Despit8 unc&rlainty regarding the Gon8Ortlum awdnoen*s and In Hamiony lunding b8yond 2028, tF* trusteos have approved a 2025126 budget proiectlng a sm8Jl 8urplus (£1.503). With robust reserves and a prudenl appn)ach to budgeling, thp organisation Is well placed lo meet its t)bligation& Princlpal Fundlng Sourcas 40% of annual income is d8rivgd from th8 DIE Mu8lG Education Hub gram vla Arts Counal England. Other sbnlllcant Incom8 streams include: In Harmony Grant: £150.000 SchoDI buy-ln t88¢hing packages: £374.785 Llve perfomi8n¢e income". £19,101 Muslc School Income and parent paid te￿Ing £13,677 Area band Income £7.816 Conclu8lon Th1$ ha¥ been a flnancfally posttlva and strategkally hwortant y8ar for Nottingham Muslo SeThI￿. Dewe ¢hallonges from infiatlonary prassures and fvnthng unprtsthbility, the organisatlon rernal￿ stable, has Invested wlsely In ft• future premlses. and cyjntlnues to be supported by 8d)ooK fuNler8, and the wlder ¢ommunty. R•s•rvM and D•8lgnaled Funds As of 31 March 202&. . Fr88 ra8erve8: £405.93 . R88trict8d roseN88: £114,797 (rolatlng to ￿Morrt a88•ts racdved from NottlThJham city Councll. 2013) & £1.208 ACE fvndlng for Great Uttlo Orch8stra ProJ8Ct balance transfaff•d to y•ar 2 of the proj8Ct. D881gnated reserrfes: . £200.000 Gontlngency fvnd fOrw1nd￿oWn Ikbilti £218,789 Charity Base Fund (r8la11ng kn new prmkn8). £5.339 Davelopment Fund. Tru8ts88 review resen￿ levels quarterfy and annually to ￿sure flnandal su8tainabillty. Premlses and Capltal Invostrn•nt . NMS seryjred a new pemwjent base. enhancing servfc8 delivery and operational effitaency. . The building allo￿ for more integrated en8embb WOTK uY8ater 8vent capaoty, and rgduced storag8 and Of the £300,000 designated for P￿lSe8, £81,241 was spent and capltaltsed In thls finandal year towards rnaklng th8 venue fft for PUYWO. Totsl estiiythd refurbishment cost Is £160.000. Major rl8k8 and management of thom r18kn Rl8ks IdoAtlfiad The annual business plan draws attentlon to rBk8 induding fnandal. legavgovemqnce, health and 8afety, quallty arKI HR related. We are satlgfied that approprfate financial system8 and ￿ntr￿s, and employment pollcies and praclces are in place. but w8 continue to test a￿1 refine Ilwe procwes during board m88tings and in eantinual pollcy reviaw. A8 Trustees. we fool that Ihe koy rfsks faclng the tharFty at this time are op8r8tional ri8k8 arlslng from the very 8tretched organlsauonal capaclty and the uncertainty around long term fundlng tr muBlc hubs. To address this we need to ansure that the orrJani8atk)n is b8St placed to me8t challenge8 through adapllng and NO￿INGHAm MUSIC SERVICE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future porfod6 Tackling mu8i¢al engagement at se{￿)dary I•v81. whith 18 not as strong as our 8ngag•m8rrt at primary 18vol. Whila a¢knowledgin9 thls as a naiion81 Issue wkn spechlc Ioc81 problem5 (26% of dty $econdary 8chool6 havo no mu8lc provlsion). We aim b becom8 more respondent to thè need of s8￿ndary sckmls by employing more hourfy paid tutors can dellver Indmdual l&sson8 to small groups or on a one to one basis. It Is antlcipat•d Ihat hi8 will fonn th• basls of a now pathways where talented young peop from disadvantsged background8 hav8 the Oppor1￿lty to contlNe purnulng mu81c once they move from primary educatTron. Devoloping new ensembl8s outside 8thool to 8UPPOrt youtvd pwple 8t both prlmary and secondary levels Improving acce88 to musFc*l a¢ThI￿atton for oty pu￿ through our work with the MTB exam Board. Enabling more young peoplo to eng8oe with the ￿nteMPOrary approath to mu8lcal trainlng develo through the RHYO family (mlx ol gonre8, dlfferent leamlng Styl&8 from diff6rent ojtturw 8tud8nt own8rshlp, young leade￿ Invthment In 4 range of thdcommunity events. tradltionsl and unique fjvents),. Building bthlges belween RHYO and more tradtiTh81 en8￿￿4e$ and adutt en8emble5 ¥0 that r￿re c chlldran can banefit from exporienckng COWenwnthry 8pproache8 and experl•nc•s' To continually Invtgorat• th• existing WCET programmg, $trgn9then thè partn¢r8hlp with th8 nxisk hub devglop stsff g￿lIS in supporting chlklren muslcally and enable children to access our unlque musical progresslon framework which has been adapted to inckth recommendatlons of the new National Music Curr5culum; Strengthenlng the Ilnks betW8en music hub aclivillas the loeal mugic Industy Icommunlty to provide sultable challenges and progro89ion route8 for yolmg people wSth muslcal Interests and 8ki118 In rocklpop areas by bulldlnll on eX￿tIng links. We are kegn tc angage ftjrther vAth our partners to together In tackllng the genulne musl¢al needs of cFty chlldren, a8 we arg aware that the current exp•rtenca of mary Ic￿1 arts organl8atlon8 Is prfmarlly with affluent young people from outskle th8 cmy boundarlos. 8tructUrni gov•manu and manag•ment The chartty Is op8rat8d under the rule8 of Its con8Uttrtion adopied 17 Juty 2013. Tha trustees vtho seNed during th8 year and up to the dale of 819na￿Te of the finandal 6tatements were: Mr J G Glbbons Mr O We¥ker (R88kJned 310(*ober 2024) Mr D Mellen (Reslgned 30 september 2024) Mr N Cooke (Reslgn8d 30 Sept*nb8r 2024) Mr8 R Jacobs Mr8 L Lesquereux {Chalr) (Re8kJned 31 January 2025) Mr M Henry rs C Harrfson Mr5 C Alklnson Ms U Joshl M8 W Srnlth Ro¢n￿lMont and *ppolntsnont of tru8t•eg There must be a mlnlmum of three and maxlmum of 12 truste88 wlth every ￿sta0 aponted for a tenn of three . In solectlry IndMdual8, the truste88 have ragwd to the &k1118. knowlgdge End experf6nc8 needed for the 8ifecUve governance of the CIO. Trustees vislt ¢harlty avants thrtsu￿ the year and where approprlate, Pove alt8ndad trainhw sémin8r8 and corrfor￿ce3 on behff of the organl8atlon. NOrnNGHAM MUSIC SERVICE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Organ18atlonal structure Notttngham Music SeNice is a Charftable Inc￿ Organisation. We, as the Board of TNste8S. 8re responslble for the governanc8. strat6ol¢ direction and polide8 of Noth'ngham Muslc Service. We currently have 6 members from a variety of drfwent baded In the Audllorfs respon￿￿111￿4 ftir the gudrf of fhe financlal Statements sectton of our report. We are Independent of th8 charity In ac￿rdanCe with &thical requlrem8nts that are relevant to our audft of the financlal statemonts In the UK Induding th8 FRC'8 Ethlcal Standard, and w8 have fulfilled our 0th9r ethlcal resFTh8ibllities In ao*rdance wlth th886 requirements. W6 bellove that the audtt evldence we have obtsined18 8ufflclent and approthte to pro￿de a bast8 for our oplnlm. ConchMlon8 r•latlng to golng conmrn In audlung the Ilnencial statements, we have conduded that th• knJst•es' use of the going concam ba8is of a¢￿(￿lIng Ni the preparation of the fin8ndal statamonts Is apprapriate. Based on ts work we h8ve performed, we hava nol idenllfied any mateAal unc&rt8lntté$ relatlng lo evonts or condmons thac indivldually or collectlvely, may ￿t *nilkant doubt on the charityls abllty to Con￿AUe 88 a golng concern for a period of at1¢88t months from wlkn th8 financlal statements arg autho￿8•d fty i88ue. Our respOn￿bIllU•S and the responsiblllli88 of the trust88s wlth raw trj going concem are deserfb8d in the relevant $8L*lons of thi8 report. Othr Inforniatlon Tha other informatlon comprise8 tha Information indudad In the annual report othar than th8 flnancial Statements and our 8udltofs report thereon. The tsvstee8 are r@s￿SIble for the other Infomiallon containod wkthln the annual ort. Our oplnlon on the financlal 8tatemgnts does not cover the other Informatlon and w6 do rK>t express any form of assurancè conclu8lon thereon. Our responslblllty 18 to read other Infomation and, In dolng 80, conslder whether th8 olher Irrfomiation Is materfally Inconsistent vAth tho fin8ndal 8lat8ments or our knowledge obtalned In tho cour89 of the aiKIIL or otharwls8 appgars to b8 rna1￿￿1ty mlsslaw. If wa kl8nty such rnatèrial Inconslstancios or giparent rnat8rlal m188tatÈmonts. wo are requlred to datarTh￿n@ whathèr thb glves rfse to a matèrial misstatem8nt In lknanclal 8tatemerrts th8msefves. If, based on th6 woth we hav8 perfOrn￿. ￿ eonclude t￿1 th8re Is a materfal misstat8m8nt of other Irrfomth. are reqlired to report that fact. We have nothlng to report in this regard. laatt•r8 on hthlch we ar• rnqulred to report by ex¢epUon We have nothlng to report In respe(# of the folknwing matt8rs in relation to whith the Charfties (Accounts and Reports) Regulations 2008 requlres us to rep￿t to you rf, In our oplnion: the infomation glven In the financlal statements IB Inwnslstent In any matérlal respect the tNstee3' report; or 8uffld6nt accounting records have Mt been kep¢ or the finan(*l stat8mants ara not In agreement wlth Ihe accwnung records; or we hava not re¢elvod all the Infom?auon arnl explanaffong wa requi￿ frjr our audlL NOTTINGHAM MUSIC SERVICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO ThE TRUSTEES OF NOTnNGHAM MUSIC SERVICE Rospon8lbllltles of trustees As explalned more fulty In the statement of Irustee5' r￿[￿SIbl￿18S, tha lrnwt¢e8 aro reBFK>n8ible for the prepardlion of tho financial 8tatoments atmj belTrJ satisfied Ihal they grve a true and fair ￿ew. and forsuch intemal (a)ntrol &8 the ITUStees detemilne IS riecessary to enable th8 preparation of financial StstenN￿t8 that are free from materlal mlsstateiTW whether due to fraud or error. In Fyeparfng the ￿andal staternen￿ the trustee8 are r88ponsll)lÈ for assessing the charivs ability to C￿tinUe as a going concem. disclosing. as mattern rélated to golng concam and using the going concern b* of ac£ountvig unless the truslees Intond to ￿￿88 operauons, or have no reall￿1¢ altwnadve I￿t to do 80. Audltorfg MI￿￿11￿•8 forth• audil ofthe Ilnandd ststsm•nts We havo been appoknted a8 audttor under sedknn 144 of tha char￿80 Ad 2011 and report kn a¢Tr)rdanca wlth the A¢t •d relevant regulalons made or havlng affect trwnder. Our obJ•olivos are to obtaln raatwobh assurance about whethw the finandal statements as a whole are free from matsrid ffrfsststemert ￿ether du6 lo fraud or error, and to Issue an audlth report thal Indu(Je8 our o￿nion. Reaeonabk assurnnce Is 8 level of assuran￿ Is not 8 guarath thal an £udlt (XYKlucteil In accordance w5th ISA8 (UK) wlll detect a material mIsstale￿nt when tt Mtsststements can artse from fraud or error and we consldered ￿1￿181 If. ind1vid￿llY or in the aggw. they cO￿d reasonably be expected to Infiu8rKe the 8￿r￿)mIC dadGi(x)s of users tsken th8 ba818 of flr*rKxal statements. 7he extent to whlch our pmcedure8 are op8lAe of dele(*lng Ifreg￿arftles. I[￿Ud1r￿J fraud. is detalled below. . Thts engagemerrt partner en8ur8d that the aryageTh￿ tèam collaGUvety ha(1 the appropriate competencè. cap8bllltles and Sklls lo identsfy or recognl8e non￿¥jmPllanGe wllh appllcabl8 laws and regulatton . We Ideniified the laws and regiAaliDns aFpllcable lo the Gompany ltrnugh di8(￿S810n$ bN8ta68 and ollw managémen( and from t)ur k￿ledge and 8XperIen￿ ofthe charfty sector. . We footyed on speofic laws and re9￿ationS whkh we ￿nSIdered may have a dlroct ma￿1a1 offect i)n th8 finandal 8tat8ments or Ihè opwaU0￿ of the charity. lthlng leglslakn and data wotethn, antl.brtb8ry, emplo￿ environn￿l and health and 88fety le￿￿￿on. . We assessed the extent of 1￿MplianCe vthh and regula1￿8 Identifiod abov8 through maklng 8nquirfes of manag8m•nt and Ansp6din9 relevant cureswndence. and . Idenflfi￿I la￿ and regulatiorB were corran￿lI*￿ wllhin the au(ift team rogulaty and the team renwlned alert to Instan￿$ of nonwpiknr* thr￿ghoul th8 audlt NOTfiNGHAM MUSIC SERVICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE8 OF NOThINGHAM MUSIC SERVICE We assessed the 6USC8Pttbllity of the (tharfV8 financlal Gtaternents to material misstatsment. IndudiNJ obtalnlng an Understa￿An9 of how fraud might occur, by." Making enqulrle8 of management as to wheTr they o)nskknd thwe wd8 SU8¢ePtibllty to fraud, thelr knowledge of actual. suspected and alleged fraud. Considering the Intemal mntrols in p￿ce to mitsgat• rlsks of fraud and non-cornpliance wllh laws and regulations. and . Understsndlng tho doslgn of the charftys remunerauon Wides. To 8dth88 ts rlsk offraud through mana9gmgnt bias and mrrlde of CC￿trol8. ￿. . PerfOrn￿ analfvl procedures to Identy any unusuol or unexpected rddonshlp8,' . Teste(l Joumal entrtes to Idèntify unusual transadlons. . A8888sad whether Judgements and assumpfjon8 made in detemilnlng th8 accountlng ￿mateS worg ndicativo of pokntial blas. and . Inv•￿ated the ratlonale behind swdnlficant or unuwal tranSa￿k￿8. In response to ihe rf8k of irregularities and nonvcompllanee law8 and rngulations, wa deslgned proGedur8s whlch Includad. but were not Ilmitéd to: Agreelro flnanclal 3tatement di8closure8 lo undetying SUp￿rtIng documentatlon: Readlng the mlnutes of meeting5 of d7arg8d vthh gov•mane4" Enqulrlng of management a8 to actual and potontsl 1lttgatk￿ and ¢L?Img' and . Rovlawlng correspondence wlth r8l•vant reguknr8. Thore are Inharent IlmRatlon8 in our audlt proxdur88 de8thbed above. The more removed that laws and rogulatlons are from fflnanclal tran8adons, tho lass Ilkety thèt w8 would become aware of non-compllance. Audftlng standards also Ilmit th• audit pYoc*dure8 reqUIr￿ to Idantify non-compllance wlth18w8 and regul8llons lo erquiry of thg dlroctors and other management and the Inspe￿ of rngulatory and ￿gaI corresponden￿. ￿ any. Matsrial mlssf8tomgnts that arlse due to fraud ¢an be harder to (knt than those that artsg from error a8 thoy may involve dellberate conc¥8lmgnt or ¢oJluslon. A fvrther d98crlptlon of our respon8lbiliti88 is avallable on the Flnanckl Reporting Coundl's wgbsito Ot htty)$:11 ww.frc.org.uklaudltor8re8FJonslbilltles. Thls descri￿lOn forms part rf ￿r auditors roporL Your attentlon Is drawn to tho fact that the charlty has prepared fln8n(aal Èt8tsm•nts In acoordanco 'AminUng and RepoTUng by Chaiities.. Statsment of Recommanded Pra¢tlc8 8ppll¢abl8 to charlttes prgparfng thelr accounts In a¢¢ordance wlth the Flnandal R8porUng Standard applkabl8 in th• UK arKI Rowbllc of Ireland (FRS 102). (aB am8nded) In prefèrence to tho Aw)unOng and Reportlng by CharlU88: Statement of ReGomm8nd8d Pr8thé on 1 April 2005 whleh Is referred to in tho extant regulatlon8 IArt has now beén withdrawn. Th18 has begn done In order for the finandal 8iateThnts to provkla a tru8 and fair viow in accordanea wlth CUTrent GonerallyAci%ptod Aecounlng Practlce. Uu of our rwrt Thls report IB made solely to the charitys trust￿, as a body. In *Cordan￿ with Part 4 of trte Chartth (A¢counts and Rew>rts) Regulatlons 2008. Our audtt work h88 been undertaken *) that we mlght slate to the charws trustees those m8tt•rs wo am required to ¥t8ts to thom In an audltor's report and for no other purpose. To the fullest extent pomiitted by law, we do not a￿opt or assume responslblllty to anyone othgr than the chaiity and the ¢hgrftrfs trustee8 as a body. for our audlt worK for this rwrL or for the we havo fomied. NOThINGHAM MUSIC SERVICE INDEPENDENT AUDITOR'S REPORT (CONTINUED TO ThE TRUSTEES NOThINGHAM MUSIC SERVICE M•Mn Ball•y FCCA DChA { or •tatuW audIt￿) for and on behaff of Rogorn Spw Pelham Road N￿1ngharn NG5 1AP Rogers Spencer Is ellglble ft>r appointment as audltor of tharity by fftue of Its ellglblllty for appokntment as audltor of a (x)mpany under sethon 1212 of the Compsnles Act 2Q)8. NorriNGHAM MUSIC SERVICE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 Unrestri¢tsd R•8trlcted funds Total Unra8trlct•d RMtrlctsd funds funds (as re8tated)(as restated)(a8 rn8tatsd) 2024 2024 2024 Total 2025 Income from: Donatk)ns and legacies Chaiitab18 actfvitles 28.992 431.771 665.179 694.171 431.771 23,213 420.873 650.219 673.432 420.873 Totsl Ihcome 46IJ.783 665,179 1.125.942 444,086 650,219 1.Q94.305 Exp•ndMurè on: Raislng funds ChaTilable activitss 391,570 e87,771 1,079,341 1.491 1.491 678.374 1.093,344 414.970 Totsl expgndllura 391.570 693.616 1.085,188 414,970 679,865 1,094.83S Not Incom￿(0XPendIture) and mov•mont In funds 89,193 (28.437) 40.75e 29,116 {29.646) (530) R•con¢lllallDn of funds- Fund balancos at 1 Aprll 2024 760.835 144.442 905,277 731.719 174.088 905,807 Fund balances at 31 March 2025 830.028 116.1)05 946.033 760.835 144.442 905,277 The Statem￿ of financial actlvldes Indudes all gelns and losses recognlsed In t￿ year. All Income and expendlture defve from contirwlng actlvltles. NOTnNGHAM MUSIC SERVICE BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Flx•d aA*•t8 Tangible assets Not•s 11 321612 280,215 Debtors Cash at bank and In hand 12 55273 782.658 Crndltor8: amounts falllng du¢ wllhln ono year 817.931 902.412 13 (194,510) (277,350) Nèt current assets 823,421 Total as80ts108s curront Ilablllli 625,062 946.033 905277 Tho funds of the chartty Rostrictod incomo funds Unr8strlct8d funds 15 16 116,005 830,028 144,442 760,835 946.033 905,277 ?.J:.[£.5 The financlaf statèm8nts were approvod by Ihe trustees on . L Le8qU8rgux (Chalr) 14. NorriNGHAM MUSIC SERVICE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2024 Cash gs>nerated frDm operatkms Inve•tlng aGtfvitle8 Purrhase of tangiblo fixod a880ts N•t u¥•d In Inve•tlng acUvlll•8 14.419 111.168 (88,725) (6,679) (88.725) (6.679) Not (d•¢reas•yln¢rw• In cash and cash •qulval•nl8 (74.31h3) 104.489 Cash and cash ￿VIval￿ts at baglnning of year 838S64 732,475 Ca8h and oa•h •qulval•nt8 at •nd y•ar 761658 836,964 NOTllNGHAM MUSIC SERVICE NOTES TO THE FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 MARCH 2025 Accounilng POllde8 Charfty knfom)aUon NottingPHm Music Serylce Is a Chaiitab18 lntxYpora￿ Ckgani88llon in th8 Unlted Klnwlom. The address of the prln*al offico is The Litehous•, c￿>￿ Street. Nottlngham. NG2 3DP 1.1 Ba81• of pr•paraUon The financial statement8 Iwve b8en prepared In acwrdan¢e whh the rtharW8 gThmlng documenl. the Chf*tties Act 2011. FRS 102 Fthancial ReportlrKa Slartyd appltable in tho UK and Republk of Ire12nd' rFRS 11Y2') 8nd the Charftlos SORP "A￿OUnI1ng 8fKI Rep￿9 ty Chaith•s' Statemont of R8comm•rxled Prackn •p￿r¢able to charfues wep8rlng thelr 8th￿Unts Sn acry)rdanc8 wlth the Flnan¢*l Repo￿n9 Stsrthrd applkable In the UK and Republlc of Ireland (FRS 102). (effethe 1 January 2019). The charfty 18 a Publlc Bomfft Enty 88 defir￿d by FRS 102. Tho ffinan¢MI stat*nents have i*rted from the Ch￿ties (A¢counls and Reports) Regulotion$ 2008 only to the extent requlr¢d to provjde 8 tnR and fair view. This depariurè has Invofved fOlkn￿n9 the Ststemenl of Recommended P￿￿1Ge for charfties spplyir4J FRS 102 rather than the verslon of the Statsment of Recommended PMGtke which is refeff8d to in th8 R8gulatbn8 but which has 8ince been wlthdrawn. The fm8nclal 8tatemnts are prepwed In stsrllng. which is tho ￿nCtIonal currency of the (*arfty. Monetary amoun18 In th88e financlal statements we roundad to tho nearest £. flnandal 3tatffl￿ts Imve been prepared under Ihe histori¢al eost ¢x>nv¢nkn. ￿1883 Qtherw188 statsd In the relevant ac(wn￿ryJ polKy notss. Tts accountlng pdlci08 adopled arn aet out below. 1.2 Golng eon¢•rn At th6 tlme of approviry the fin8n(¥818latam8th the truBt88s havo a rea80nable expectsfjon that charfty has 8deqiBte resources to eA)nlniue kn operdtlonal axist•n￿ for the ftye8eeable future. Thus the irustees conunue kn adopt the goHy concem b8w8 of 8cc*Amilng In prepw¥ig finendal ststement& Uwrftabh funds Unrestrithl funds are avalAblo for use 8t the dimkn of the Iru8ttss In fiJrtharanc* of thelr charitable èbioctive8. Re8trlGted furKls arn 8ubi8ct to 8pocific eondltlons by donors or gr￿£ 88 to they may b6 used. The wrposes and uses of the r6Strfdèd funds are set In the notes to the financial statèments. 1.4 Income Volunl*y in¢Th - ndudlThJ donalions legades arKI grants - that provld88 core fundlng or are of a general nature is r¢Gognlsed when th& tharlty has entillement to the Incomo, tt is probablo that the InGx)me wlll bo re¢thd arKI th8 amount can be ffea¥ured wlth sufflcknt rallthlty. Donalion8 and legath ar8 recognl8Od on a r￿￿Vable bath Mth8n rec*lpt18 thblo and the amwnt can be rallabty measuretL Grants are recognlsed the chaiity has an erknent to lh8 fijnds and any conditson6 linked to the ants have been meL Where performance condi110￿ aro attath￿ lo the ￿ant and are yet to be m8( the Cm is reww as a labilty arKI indud8d on thè balance sheet 83 dafeffed In￿rne to be released. NOThINGHAM MUSIC SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AGCOUrting Wlcies {Continuod) D8ferred in¢x>me represents affK*unts rec4ved for future Fwlods end 18 rdeased to irrtomlng re8wrc88 In the period lorwhth, It has been re¢eNed. Such incomo Is only defetred when: . The donor 8p•dA¢s thatthe grant or don411on fix￿t only be used in futsffe act1￿nting pariodB' or . The donor ha8 Imposed condldon8 WI￿ mu8t be mgt b•lore the d)arfty ha8 uncondlUoMI entitlement. Exp•nthur• Expendllwe recogn1￿ ¢)nca therè Is a l¢gal or con8trucUv• oblwion to transfer economic beneltt lo a thlrd paty, it18 probable that a transfer of e¢onomi¢ benefits will be requlrgd in settlemenL and amount of the obllgakn can be m8a8ured reliabty. ExporKI￿re ts cknifigd ty ac*vlty. The ￿$ts of each acfjvty ar• nmde up of th8 total of direct costs and ¥twed costs, hmknlng support costs involved In undertaklro each actfvty. Dlrect costs attribulable to a Slngle acllvlty are allocated dffe• to th81 acllvty. SIMr￿ Costs ￿thIch eontrknute to rn tsn or* actfvity and 81WOrt costs whlth ar8 not attnbulabh to • *'ngle 8Ctlvity are apportioned thosè acttvitre8 on a basrs C(Thigtsnt wlth the use of re80urc88. c￿*1 staff costs are allocated on ttKg basls of tim6 spert and d8prffia15on tharges are alocated on the porkn of the assefs use. Charitable gxp8ndtture compises th088 ¢osts Inryjrred ty thg ckkgrlty In ts delvery of ￿ acbvities and $grvi¢g5 for its benefldari8s. It ind￿10$ both co¥ts that can be allocated dlrecty to such activiti88 and those ¢osts of an r￿lreCt n￿re necg8Wy to Sutwt them. These include Ihe costs altr￿uta￿e kn tIK9 ¢OmplIan￿ whh cor￿￿tional and stattrtory requlr•mants. Inckldirg wdlL 8traleglc n*nageinent arKI trustees IT￿8tIng$ and ￿lm￿r$&d 8xpense$. 1A Tanglbl• fix•d 888èt6 TaTralble fixed a880ts are initlalty measured at cost and subgeqU8nlly rnea￿￿ at o)st or valuatlon. net c depr#laIk￿ Impairm8ntlo888& Oepredatlon 18 reGognlsed 80 as to wrtte Off the cost or valuatkm crf assots le88 thelr resithal values over Iheir U8oful Ilves on tho folbwing bases: Leasehold Improvements Mu8kal Iri8tNnxnts IT equipment 11PA stralght Ilne (10 years) 6.67% stralght Ilne (16 year8) 33.33% stralght Ilne (3 year8) Tha galn or loss arl8lng on the dlsmi of an 8880118 d&tomilnod as tho dlffer8nca between tho sale pr￿eedS and lh8 ca￿1ng valu8 Ot tho and Ik rewnl8ed In tho Statement of fknan(#al actlv1118 1.7 IMpaIrn￿nt of flxed At e8ch rewting end dats. th8 thrity revlews Ihe ￿TryIng amounts of Its tangible asseL8 to determi wh8ther there 1$ any Indilxtion that th08e 888ets have suffered an iwpalmRnt loss. If any Such Indication exlsts. th6 M¢overable amount of the 8858t Is estknwtsd In order to deiemino Ihe extènt of the ltryalrw*nt 1088 (If any). 1.8 Cash and cash equlvthnt8 Cash (xsh eqthlents Indude cash In hand, deposits hehj at with knk8, other 8hort-term Ilquid Investsnonts wlth onglnal maturth of three months or108s. and bank ovwdrafts. Bank overdrafts are sh¢)wn rfthln tommlngs In current Ilabllllla8. NOThINGHAM MUSIC SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Accounting poll¢lo• {Contlnued) Baslc flnanclal Ilablllti•s Basic financial Ilablllkn, indudlng CredftO￿ and bank IDans are inltlally recognised at trans8cthn prlce unless the arrangement ￿n&t[tuteS a flnancing trans8)unting pdkies, ts Iru8tee6 are requlred lo mke J￿1geMents. 8StlmateB a￿1 assurnptlon6 about thg Ctyg amount of assets and Ilabllltie8 that are readlly apparent from other sourcos. Th8 estimates assoc¥ated assumpts.ons are based on hlstorfc¥l 8xperienc¥ and other factors that aro ￿InSidered IA> be relov8nL Adual results may dlffer from th880 estKn*. Th8 esth)Mkn arKI undertylrwJ a8sumpUon8 are rgvlgwl ¢)n an ongolng ba818. Rev181orts to 8c¢ountlng 8stiniat88 are recognlsed In the peri¢)d in whlch the 88tlmat8 18 revked where the revlslon affects 0￿Y that . or In the pgriod of the revlsion and future p6rfod8 ￿ thg r6vl8lon aff8(*s bcth current ènd future perfod8. 11 I" 11 i- NornNGHAM MUSIC SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Income from charltdjle actlvlU•• Unr•Jtrl¢t•d Unrn8trlct•d fvnds funds 2025 2024 Music tuition - PrFn*ry Muslc ttitson. Secixthry & Speu After •¢hool gn8emblas POrft￿￿￿8 & 8vents 283,837 94,608 247,692 115,305 13,862 31,760 3.741 3,037 2.360 3,116 Instrumem hire 3,254 Other income 2.056 431.T11 420,873 Exp•ndltur• on ral•lng fvnds funds 2025 nd8 2024 Fundralslng and p￿lICIty Seeklng (k>n8tlon$. grants and18ga( 1.491 NOThINGHAM MUSIC SERVICE NOTES TO THE FINANCIAL 8TATEMENT8 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ch•rltabl• actlvlti 2025 2024 Staff costs Depreclatlon and Impaimient •dltatlon Bank charge8 CPD and quallty assur8nc8 Equipm6nt Events Instrument repl8com8nt and rgpairs Insurance rr upgrade Leg81 & professlon81 faes Matèrfa16 Ongolng travel Partn8r3hip Postage & canlage Repalrs & renewals Reuuitrnant Rent office a storage Safewardlng Telephor* & offlce eosts bcrfptions & publicafjon8 Surxlry costs Venu8 hire (mustc school) 776,810 46.328 5.561 697 4.252 2,382 84,561 8.091 9.492 7,946 19.750 3,188 33 13.317 765 2,995 400 41,248 1,055 6,531 2,824 299 40,916 818.069 48.244 5.522 870 4.016 3,217 79.867 8.765 9.772 8,555 19,831 2,816 126 1,800 840 2.150 37.908 3,378 1.205 27.528 1.079,341 1.093.344 Ana￿1¥ by fund {a8 roBtatad) Unro8trlcted funds R88kncted funds 391.570 887.771 414,970 678.374 1,079.341 1.093,344 mov0n￿nt In fund• 2025 2024 The nel movement In fund813 Stated aftar charglngl(¢redbting): Dèpreciatl)n of awned tanglbl8 flxed a888ts 46.328 48,244 NornNGHAM MUSIC SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees None of Ihe Irusle88 (or any perswts ¢x)rfftec*ed Ihem) ra(xived any remuneralion or b8nofits from the d)ority during the yw. Employ••8 Th8 averag• monthly number of employee8 durlng year wa8.. 2025 Number 2024 Numbor 2025 2024 Ww and 8afaries 8oclal security costs Other pension costs 702.818 40.867 32&2 713.961 55.408 46,754 776.207 816,123 Redundancy and tam)Inatk>n pa￿nents totalling £nll (2024- £18,539) were made in the reporfng p8rfod. There no 8mpknye85 who68 annual Mmun8r8t¥Jn wa8 moro than £60.000. Ramun•rntlon of kny managemont porsonnol The remuiwatI￿ of key rnanagement pet60nnel vras as fnllows." 2025 2024 89,003 157,788 10 Taxatlon TtrB charity 18 exempt from taxatlon on its a￿1Vi￿a$ becau8e all its inconx 1$ applled for charilabl8 purposes. NOrnNGHAM MUSIC SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tangfoh tlxéd a$80ts L•aa•hold Mu•1￿1 If•qu*m•nt At 1 Aprl 2024 dltion8 80,931 64.288 7.001 690,892 88.725 At 31 March 2025 80,931 827,399 71,287 D8pracknn and Impalmient At I Pyil 2024 Depreclation ch8rged In ￿ year At 31 Ma￿h 2025 775.617 350,492 41.827 60,185 4,501 410.6T7 46.328 392,319 64,686 Carylng amount At 31 Ilarch 2025 457.005 80,831 235.080 8.601 At 31 March 2024 322.612 276,114 4,101 280,215 12 D•bto Amwiits falllng du• wlthln on• yw. Trade debtors other deblors PrepaYm￿ts and a￿lued InoTh 2025 2024 29,689 3.010 32.749 17.796 29.657 55.273 65.448 13 Cr•dltorn: amounts fallkng wlthln on• yMr 2025 2024 Other taxauon *>d &ocl81 seourfty Deferred Income Trnde tredftOT5 Other crodjtors AcGrua13 9.971 125,958 32,061 11.689 164.696 54.289 4,766 41.930 14 21,261 194,510 277,350 NornNGHAM MUSIC SERVICE NOTES TO THE FINANCIAL 8TATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 14 Defvrr•d In￿me 2025 2024 (￿er def8nBd Income 125.958 164,696 Dofeffed IncLxne Is included In the financ&1 8tatem8nts as foll￿". 2025 2024 Deferred Income Is Induded thln.. Current I￿￿1N188 125,9S8 164.696 Movements In ts year. D8lerred income at 1 April 2￿24 Reloased from prevlous perlod8 Resouw deferred In tha year Defeffed income at 31 March 2025 164,696 (164,696) 125.958 117.762 (117,762) 164.696 125,958 164,696 Deferred kKome repre8erts kn￿me re￿•d fknng the current year for 80Mc* agreements that run Int Ill" ¥igig 'é &5 .5 s?{ EE E$ o?& z£ IE < NOrnNGHAM MUSIC SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Unr08tr1ct•d fund• The unTestrithd funds ofthe charlty compri88 the unexpended balarw ot dOn￿onS and grants whlch are not subject to specific tJ)ndltions by domrs and grantors as to how may be used. These Andude designated fuTts whKth have t*en set aslde out of unrestricled funds by th8 lJustee8 for sperafic wry)os89. At 1 Aprfl Incomlng R•sourcB8 2024 rn•ourcts expgrnled Tr4nsforn At 31 March Dwnated . Devebpment fund 5,339 De*nated . Charity Base fu￿1 300.000 Desknalod. Contirwicy fvnd Gen￿81 funds 200.0 255A96 460.783 5.339 218,759 (81241) (391.570) 81241 405,930 760,835 460.763 (391,570) 830,028 Pr•vlou8 y•ar. At 1 Aprll Incoming RoSoUr￿• Tran•f•rs At 31 March 2024 De8ignated- Deve1ow￿nt fund De8fvJr*ted - Charfty Base fund D88Ignat8d- Contlng8wfund General furKIs (a8 re8tsted) la• ro•tat•d) (18,122) 23.481 300.000 2W,000 208,258 •M4,086 (39eW) 731.719 (414.970) 5,339 300,000 255,496 760.835 l)•volopm•nt fuTrJ This15 to l￿ik1 f￿ther on IheArts cour￿ Catdy8t Evolve prowme to enable the org8nlzatlon to diversify our Incom8 sources. Speclfi¢xlly fundlng th8 post of c￿mUnIcat￿ & Fundraising Coordlnator. Charfty Baso fund thlrfng the flnanclal year ended 31st kle&ch 2025 11* Chaty $8cured a long tenn homo at Labes housa there was a schedule of refurt)ishm8nt to caTry Out a￿j at the balance at the end of year rejxeserits the expenditure to coryW8te that rgfvrbishment In August 2025. As expenditure is incurred this Is transferrad to gw)er81 fu￿1$. The furKI is kn cover and safeguard the future (A the cP*rity andlor lo be able to 8gtk any Ilabllltles in the of Its dosure. Gen•ral Arts Coundl England and DE funding. restrithd to 21)% Gontrllyjllon for th8 n￿- dlrect d81ivèry costs and rastiicted donallon8. Ill" NOThINGHAM MUSIC SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Prlor year adiusknont Th8 prior year r88trlcted funds movements have been restated to coffecty stM)w the expend￿r8 anocated to tricted fund8. The funds r8cdved in thè previous financial year wlthln Muslc Hub (General), fvlusic Hub (Core + Ext6nsion) and Arts Councai In Harmony wern futy aiiothd to rdevant expendlture in that yaar. These op8ration8 wgre then funded from unre8trkt8d funds and so no tran8fers beiweffi fund8 were r4uir•d. S•e not98 15 and 16. There has been no 1rnpa￿ on the doslr¥J r8$trIct￿ funds ljalancos, the deficlt or net At thè r8pNilng erHI (Jale ttle charity h&1 Ixrt8tanding commitnBnts for firture minknum I￿8 paymonts under nM4ancellable operatsng leases. which fall due as fDIIow>. 2025 2024 in on8 year Belween two 8nd five year5 68.000 274,455 20.743 342.455 20.743 20 Capltal commltmonts Amounts contracted ￿r but not prDvlded in the finandal ststfjmen￿. 2025 2024 4uisttton of woperty. ￿nt and equlprnant 20,002 21 R•latod party traMactlon• There were no dl%lo8ablè relal8d paty tr8n8aclon8 durfng the year (2024- none). 22 Analys18 of chang0• In n•t fund• The (*arlty had no matarfal debt during the year. NorriNGHAM MUSIC SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 CaBh Vngratsd from operauons 2025 2024 su￿1￿1(dOfiClt) for the year Adjustments for. Dapreoation and impalrment of langlble Ilxed 888ets Movemants in worklng capital.. Dacrnasel(Increase) in debtors (DeGrea8eylncr8ase in credltor8 (Detrea8oyln¢rease In deferred Incx•me 40,756 {530) 46,328 48244 10,175 (44.102) {38,738) (6.319) 22.839 46.934 Cash wioratsd from op•rallon• 14,419 111,168