Calderdale
Music
CALDERDALE
MUSIC
LIMITED
ACCOUNTS
31 AUGUST 2024
Company Registration Number 08597862
Charity Number 1154343
STREETS
SPENSER WILSON
CHARTERED ACCOUNTANTS

CALDERDALE MUSIC LIMITED
COMPANY LIIVllTED BY GUARAwfEE
FINANCIAL STATEMENTS
PE4 RIOD FROM I APRIL 2023 TO 31 AUGUST 2024
PAGE
Trustees, annual report (incorporating the dircctovs report)
ljidependent examiner's report to the trustees
Statement of financial activilies (including income ￿]d expenditure account)
Statement of fjnancial position
10
Statemeiit of cash flows
11
Notes to the financial statements
12

CALDERDALE MUSIC LI￿TED
COMPANY LIMITED BY GUARANfEE
TRUSTEES, ANNUAL REPORT UNCOIIPORATING THK DIRECTOR'S REPORT)
PERIOD FROM I APIUL 2023 TO 31 AUGUST 2024
The trustees, who are also tlie directors foi the pur￿SeS of company law, preserlt their report and the
uiialidited financial statements of the cllarity for the period ended 31 August 2024.
REFERENCE AND ADMDIISTRATIVE DETAILS
Registered charity name
Calderdale Music Limited
Charity registi?tion number
1154343
Compally registration llumber 08597862
Prineipal offlce and registered The Old Courthouse
office
Blackwall
Halifax
West Yorkshire
HXI 2DL
The trustees
C Wightman
S Wild
J Brook
P Re￿I01dsOn
D J Heywood
A J Sapey
(Served from 26 Sept¢mber 2023
to 3 January 2024)
J cla￿On
K Rezina
M Sharp
S R Montgomery
(Appointed 19 Noveniber 2023)
Key Management Personnel
D Heywood
J Brook
Independent examiner
EAShort
Equitable House
55 Pellon Lane
Halifax
West Yorkshire
HXI 5SP
Bank
Lloyds Bank Pl
Commercial Street
Halifax
HXI IBB

CALDERDALE MUSIC LI1￿llTED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT {INCOIVORATJNG THK DIRECTOR'S REPORT)
(eoiiliniied)
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND K4NAGEMENT
The organisation is a cliaritable coJrApany limited by guarantee, incorporated 011 4 July 2013 and
registered as a charity on 25 October 2013. The Company was established under a Meinorandum of
Association whiGli established the object5 and powers of the charitable company and is governed under
the Articles of Association. In the event of tlie company being ivound up members are required to
contribute an amount not exceeding £ l.
The Board of Trustees are responsible for the overall strategv of the company. The Board meets tennly
and is chaired Peter Reynoldson. The Calderdale Music Ltd Principal is responsible for the day to day
management.
Calderdale Music Ltd is committed to ensuring that we pay our staff and sejf-einployed tutols fairly and
in a way wliich ensures we attract and retain the right skills to have the greatest impact in delivering oiit
Cliaritable objectives. The appropriateness of staff remuneration is reviewed annually, including
referencc to comparisons with similar organisations ensuring Calderdale Music reEnains sensitive to the
broader issues e.g. pay and employment conditions elsewhere.
Recruitment and appointment of trustees
All the Company Directors are also Trustees of the Charity. The Principal of the Calderdale is also a
Company Director and Charity Trustee. The trLlStees may appoint one or more su&comJnittees to carry
out any duty which in the opinioii of the truste¢s would be mor¢ conveniently undertaken by a sub-
committee, who would then in turn report to the trustees.
Trustees are r¢cruited by the Board to alivays ensure that the Board has expertise across all areas of die
interest of Calderdale Music Ltd. A skills audit will be completed when necessary to highlight the areas
of expertise that Inay need strengthciiing. The r¢commcnded PTOC¢SS¢S from the Arts Council will be
followed. The development of the Board is crucial to Calderdale Music Ltd's future sustainability and
essential for ensuring it is fit for purpose. The Board is also sourcing expertise.
Trustee induction and training
On appointment a truste¢ is given an infomiation pack that includes the Memorandum aiid Articles of
Association and the latest accounts. Training needs are assessed and met as required. At the fiist trustees
eeting after the Annual General Meeting: all truslees are reminded of their responsibilities and new
t￿￿tee5 provided with a copy of CC3: Responsibilit1¢5 of th¢ Charity Trustees. The trustees discuss and
update the companys future plans and objectives document.
Risk management
The Management Cotnmittee has conducted a review of the major risks to which the charity is exposed,
a risk register is maintained identifying financial. regulatory, business and operational risks and where
appropriate. systems or procedures have been established to mitigate the risks the charity faces and
additional policies put in plac¢ where rcquired.
Inteimal risks are minimised by th¢ implementation of procedures for authorisation of all transactions
and projects.

CALDERDALE MUSIC LINllTED
COMPANY LIMITED BY GUARANTE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
{eoiilriiue
PKRIOD FROM I APRIL 2023 TO 31 AUGUST 2024
The Trustees have considered the risks fa¢ing Calderdale Music Ltd and believe the Inain risk is ensuring
tliere is continuing fijnding froin the Arts CouT]cil. Plans are being made to I1Iitigate against any poteiitial
reduction in funding from central oovernmenL
The Trustees regard tlie health and safety of children as being of paramount importance and ensure staff
are vetted by tlie Disclosure and Barring Servic¢.
OBJECTIVES AND ACTIVITIES
Calderdale Music Ltd aims to promote and support the highest quality music education for all. The
company exists for the advancement of public educatton in all aspects of Inusic in the Borough of
Calderdale. In prnctice Calderdale Music Ltd provides the delivery of the Local Authority's music
service. Calderdale Music Ltd aims to provide a safe and cncouraging environment where young people
are nurtured and tlieir achievements celebrated.
Calderdale Music Education Hub funding is spent in accordance with Arts Council England guidelines
and will support the following priorities from 'The Power of Music to Change Lives. A National Plan
for Music Education.,
The 3 aims are to:
support schools and other education settings to deliver high-quality music education,
support
young people to develop their interests and talent further, including into employment- support all
children and young people to engage with a range of musical opportunities iii and out of school.
The 5 Strategic Functions are:
Partnerships
Schools
Progression and Musical Development
liiclusion
Sustsinability
ACHIEVEMENTS AND PERFORMANCE
Calderdale Music Ltd has continued to deliver efyectively towards the advancement of excelle￿ music
education for the children and young people in Calderdale throughout 2023124.
Calderdale Music Ltd.'s k¢y objectives to provide excellent music and arts education for everyone
in Calderdale, engage with and have an active partnership with 100 /0 of schools, academies and other
education providers and institutions, be reco¢mised throughout the region for excellence in all areas of
provision and to lead on national initiatives, partnerships and opportunitie5.
Calderdale Music Ltd operates from its headquarters The Old Courthouse and comprises high quality
accommodation including office areas, I: l and small group teaching areas, ensemble rooms, a Boai'd
Room and perfortnance space. The coffee shop continued trading as Rhythm & Brews although this has
now be¢n scaled back to a bean to cup coffee machine with seating.
Calderdale Miisic Ltd.'s vision statement is 'to open life-long music and arts opportuiiitics to all,
prov iding a cultural heart for Calderdale that unites, motivates and inspires people to live more creative
lives.

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEI E4 S, ANIYUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(eoiiliirued)
PEIUOD FROM J APIUL 2023 TO 31 AUGUST 2024
Our Mission is 'to listeii to and collaborate with our schools. partners, wmmunities and individuals, so
together we can offer the best in teaching and specialist miisic ￿]d arts education, along with access to
a wide range of performance opportunities and facilities. By nurturing relationships and being ambitious
we will keep raisiiig the bar. helping us to better reflect and respond to the changing needs of the
oommunities we serve.,
Th¢ values at Cald¢rdal¢ Music Ltd are Honesty, Expertise, AchievemenL Reliability and Tog¢thei".
Throughout 20?3/24, Calderdale Music Ltd delivered Whole Class Ensemble and School Curriculum
Tuition in 50 schools. This equated to 116 separate classes of Whole Class Ensemble Tuition per weck,
This coinpares to delivering Wliole Class Enseinble and School Curriculum Tuition to 40 schools in
2022123 and 132 separate classes. W¢ liave increased the number of schools that we are eiigaging with
but due to financial constraints in schools, there is an overall reduction in tl)e number ofclasses that are
being delivered per week.
The number of pupils receiving I: l and small groiip tuition coiitiniied to improve tliroughout 2023124
with 624 ¥eceiving I: l and small groiip tuition. This is an increase from 602 in 2022123.
Music Education Hubs throughout England continue to struggle with recruiting high-quality candidates
and Caldei'dale Music Ltd continues to experience a hioher demand than our current staffing capacity
will allow. Whilst a number of very high-quality candidates hai'e been appoiiited throughout tlie year,
it will remain a piioi'ity to continiiously recruit and appoint Music Leaders to deliver Whole Class
Ensemble and Curriculum Tuition, I: Ilsmall groups and ensembles.
CPD and traiiiing events took place for Music Leaders botli in scliools and at Calderdale Music Ltd.
Through our ongoing School Dvlusic Development Plans, school and Imusic Leader needs were identified
and addressed through a number of CPD and training events. Ther¢ were also two CPD sessions
delivered as part of School Centred Initial Teacher Training Programmes.
TI￿OughoUt 2023124, a number of high profile perforniance events took place. These iiicliided tennly
perfonnances for I: l and small groiip pupils, West Yorkshire wide wind and brass band rehearsals and
perfonnances and music video productions. OUT 2nd Voices Together perfonnance took place at the
Victoria Theatre and featUTed over 1200 pupils over 3 nights. Calderdale Music also piloted woik
experience opportunities at The Piece Hall on as part of their festival series perforniances from June to
August 2024.
2023-2024 also saw the announ¢¢ment of the Arts Council Music Hub Investment Programme.
GILidaiTrce for Applicants was published in June 2023 with a deadline for applications in October 2023.
Tlie 5 Local Authority areas within West Yorkshire applied as part of a newly formed consortium groiip
to be¢om¢ the West Yorkshire Music Hub. To meet the Arts Council's requirements, Brddford Miisic
and Arts Service was selected to be the Hub Lead Organisation with each LA Area given strategic
oversight foi. one of the Arts Coiincil's Strategic Functions for Music Hubs. From September 2024, the
West Yorkshire Music Hub was launc11e￿ and Calderdale Music are the strategic lead for Inclusion.

CALDERDALE MUSIC LIMITED
COMPANY LIMrfED BY GUARANTEE
TRUSTKES, ANNUAL REPORT (INCORPORATING THE DJRKCTOR'S RLI PORT)
Icoiifimiied)
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
FINANCIAL REVIEW
During the period unrestricted expendÈture exceeded income by £287,522 (2023 £21,319 income
exceeded expenditure). however, £53,400 has been transfetred to rests'icted funds which was iii deficit
by £74,065. The total funds of the Cliarity have dccrcased from £673.673 to £365.486. Free reseives at
31 August 2024, after accounting for restricted funds and reserve5 represcnted by fixed assets wei'e
£8,230 (2023 £211,702). The restri¢t¢d fixed asset fuiid represents musical iiistruinents, fixture and
fittings and computcr equipment transfeTred to Calderdale Music Limited from Calderdale MBA in
2015, Icss depreciation charges.
Reserves at the end of the year were £437,540 which are to be used to finance additional projects, trading
in the ensuing year and a5 backup reserve.
Principal funding sourcey
Ttie main sources of funding are from Service IEvel Agreemeiits with the Arts Council and pupil tuition.
Arts Council currently represents 40 % of total incorne. Pupils tuition accounts for 54% of the tot
inconie and a further 6Q/o of total income is obtained from other income sources.
Investment policy
Aside from retaining a prudent amount in reserves each year most of the Cliaritys funds are to be spent
in the short tem so there are few funds available for lonq tern] investinent. Having considered the
optioiis available, the Calderdale mi￿1¢ Ltd Directors has decided to invest amount available in a short
terni interest bearing account.
Reserves policy
The Directors have examined the charity's requirements for reserves in light of the Tnain risks to the
organisation and have established a policy whereby the unrestricted funds not committed or invested in
tangible fixed assets held by the charity should be in the region of between stx and nine moiiths
expenditure, in view of current economic difficulties, which amounts to approximately £440,000.
Unrestricted funds are £306,779 including fixed assets of £298,549 leaving free reserves of £8,230.
Restricted fijnds amount to £58,707. which is in relation to restricted r￿ed assets. Reserves are lower
than the current policy and the trustees are looking to increase reserves to the required level in the
ensuin(s
The Trustees are also conscious that they need to look to the long-temi future of Caldcrdale Music Ltd
in tern]s of the provision of service and to cnable thein to respond to changes within the DtE.

CALDERDALE MUSIC LIMITED
COMPANY LIM￿ED BY GuAR}￿￿TEE
TRUSTEES, AIYNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(e&ii14niied)
PERIOD FROM I APRIL 2023 TO 31 AUCUST 2024
PLANS FOR FUTURE PERIODS
Th¢i"e are a nuinber of plans in place in the coming year. To ensure tlie continued viability and success
of Caldeidale Music, it is vital that the legal fraTnework and transition to becoilliiig a fonnal consortiiim
mEmber of tlie West Yorkshire Music Hub takes place quickly and efficiently. This will eiisuiE that the
grant funding can be disseminated to eacli consortium partner proinptly in line with tlie Arts Council
Funding Agreeinents and Quarterly Submissions.
Calderdale Music's 5 strategic objectives will be revisited to ensure clear priorities are set for tlie coming
years. There will be a focus on staff recruilment, retention and staff development to ensiire Caldei'dale
Music's woi'kforce are highly skilled. experienced and motxvated to deliver outstandirlg provision in all
areas of our work.
We will Continue to development our engagement with schools and ensure that there are appropriate
opportunities for progression available to all students including I , l and small group provision. We will
also introduce our new Music Technology Strategy into OUT provision which also includes new
partnerships with The Piece Hall and Roland.
TRUSTEES, RESPONSIBILITIES
The trustees, who are also directors for the purposes of company law, are responsible for preparing the
trustees, report and the fu￿nCIal statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
triie and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP:
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accountino Standards have been followed, Subject to any material
departL)Tes disclosed and explain¢d in the f￿anCIal statements.
prepare the financial statements on the going concern basis unles5 It Is inappropriate to presuine
that the charity will continue in business.
The trustees are responsible for keeping adequat¢ accounting records that are su￿1Clent to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial position
of the charity and enable them to ensure that the financial statements comply with tlie Companies Act
2006. Tliey are also responsible for safeguarding the assets ofthe charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.

CALDERDALE MUSIC LIMITED
COIVLPANY LIMITED BY GUIXRAI¥4TEE
TRUSTEESI ANNUAL REPORT (INCORPORATING THE DIRECTOR',$ REPOIIT)
.(coMliiJiitdJ
PEIRIOD FROM I APRIL 2023 TO 31 AUGUST 2024
Tlie tru8tees' annual Itport ￿)d tlie strat¢8jo report were approv¢d on 29 Jaiiuary 2025 and signed on
behalt" of tlie board of trustees by:
D JHEYWOOD
Tnistec

CALDERDALK MUSIC LIMITED
COMPANY LIMITED BY GUARANTEE
li
INDEPENDENT EXAl￿I[NER's REPORT TO TRUSTEES ofi CALDERDALE
MUSIC LIMITED f¢onliiiiiedJ
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
I reportto the trustees on my examination of tlie fintuicial statements ofcaldcrdalc Music Limit¢d ('tlie
charity) for the period ended 31 Au.tW5t 2024.
RESPQNSIBILtTIES AND BASIS OFREPORT
As the trust¢es of the cornpany (and a150 vts directors for the purpos&s of con]pany law) you are
responsible for the preparation of the fjnancial statements in accoi"dance with the requirements. of the
Companies Act 2006 ('£h¢ 2006 Act.).
Having sRt15fied myself that the accounts of the company are not require'd io be audited under Part 16
of the 200.6 Act and are eligible for independent examination, I report in r¢spect of my exainination of
the charity's accouTrts as Carried out under section l45 of tlie Charities Act 2011 ftbe 201 l Act,). In
carrying out my eXa￿inatiOn I have foll.o¥ved the Direction5 given by tlie Charity Commissioli under
5CCtioh L45(5){b) of the 201 l Act.
INDEPENDEI NT EXAMINER'S sfATEMLNT
Since the charity's g¢055 income txceeded £250.000 your ￿arnIner MDSI be a member of a body listed
in section l45 of the 201 l Act. I confjrni that l am qualificd to undcrtake the cxaniination because I am
Inember ofthe knstitute of Charte￿d Accountants in England and Wales (ICAEW), whicli is one of
ttie Eisted bodies.
I have ¢Dinpleted my exwnination. I confiThri that no matters.have come to my attention in connection
Willi th¢ examination 8iving me cause to beli¢ve;
accounting tecord5 were not kept in respwt of the chanfy as required by section 386 OF tli¢
2006 Actr, or
the fmancial statenients do not accord with thoserccords" or
the financial statements do not comply with the accoutiting requirements of sectioii 396 of
tlie 2006 Act other tl)an any requirement that the accounts giv¢ a 'true and fail vidw i¥hi¢h
(s llot a matter COnsid¢red as part of an independent &vminatioii- or
the financial statements have not been prepared in accordance with the mcthods ai)d
principles of the Stateineiit of Recommended Practi¢e for aGcouiiting and reporting by
.chariti¢s applicabl¢ to cliaiiti¢s preparing dieir accounts in ac£ordance with thc financial
Reporting Standard applicable in-the UK and Republic of Ireland (FRS 102).
I have llo'conGerns" and have come across no other matters ill Go)mec.tion with the examination to whicli
attcntioii sliould be drawn ITJ ihis.report in order to enable a PToper understanding of th¢ accounts to bc
rcached.
E A SHORT
Independent Examiner
Equitable House
55 Pcllon IAn¢
Flalifax
West Yorkshire
HXI 5SP
29 Sanuary 2025

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARAIYTEE
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDIJNG INCOME AND EXPEINDITURE ACCOUNT)
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
Year to
31 Mar23
Period from l Apr 23 to 31 Aug 24
Unrestrlcted
Restricted
funds
funds Total funds Total fuIids
Note
Income and endowments
Doiiations and legacies
Charitable activities
Otliei. income
488.492
488,492
632,125
936
350,547
419,091
632,125
(713)
1.649
Total illcome
631,412
490,141
1,121553
769,638
s xpenditure
Expenditure on charitable activities
Total expenditure
865,5J4
564,206
1,429,740
887,245
865,534
564.206
1,429,740
887,245
Net expenditure
(234,122)
(74,065) (308,187) (117,607)
Transfers between funds
{53,400)
53,400
Net movement in funds
(287,522)
(20,665) (308,187) (117,607)
Reconciliation of funds
Total funds brought forward
Total funds earned forward
594,30I
79,372
673,673
791,280
306.779
58,707
36S,486
673,673
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 2S forjn part of tbe5e financial statements.

CALDERDALE IVIUSIC LIMtTED
COMPANY LIMITED BY GUARAiYrEE
STATEMENT OF FINANCIAL POSITION i(wthutdJ
31 AUGUST 2024
31 Aug 24
31.Mar23
Noto
FIXEI D ASSETS
Tangible fixed assels
15
357,256.
461.971
CURRENT ASSETS
Debtors
Cash at bank and in hand
16
91,704
154,037
292,041
245,741
CREDITORS: amounts f211ing due
Within one year
NET CUIIRENT ASSETS
17
237,511
44,444
8230
211,702
TOTALASSETS LESS CURRENT
LLIBILrrIES
365,486
673,673
673,673
NET ASSETS
365,486
FUNDS OF THE CHARITY
Resli'icl¢d funds.
U￿¢stricted funds
58,707
306,779
79,372
594,301
673,673
Total eharity funds
20
365,486
For thc pctiod ending 31 August 2024 the charity ivas ents.tled to exemptton from audit under section
477 of the Companies Act 2006 ielaiing to &nall coinpanies.
Directot's, responsibilities:
Tli¢ Inemb¢rs have noL irquired tlie company lo obtain an audit of its FU￿]ela1 statcin¢nts for the
period in question in aCCo￿ance with sèction 476.
Tlio ditE¢tors acknowledge their responsibilities for complying with the requircincllts of tli¢ Act
with respectto accounling records aiid tlie preparation of fjnancial statements.
Tliese financial s(at¢rn¢nts liave been prepared in accordance witb th¢ .provisions applicable to
companies subject to the small coinpanie5' regiine.
These f(nancial stat¢ments wer¢ approved by tlie board oftnJst¢es and auth0ri5¢d for issuc on29 January
2025: wid are signed on behalf of the boacd by.
D J HEYWOOD
Trustee
The notes on pages 12 to 25 form part of these financial statements.
10

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARANTKE
STATEMENT OF CASH FLOWS
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
31 Aug 24
31 Mar23
CASH FLOWS FROM OPERATING ACTIVITIES
Nct expenditure
{308,187) (117,607)
Adjuslmenlsfor..
Depreciation of tangible fixed assets
Accrued expenses/(income)
154,826
491
91,926
(2,622)
Changes iii."
Trade and other debtors
Trade and other creditors
{57A99)
192,576
(14,201)
(6,460)
(48.964)
(48,964)
Cash generated from operations
Net cash used in operating activities
(17,893)
(17,893)
CASH FLOWS FROM ]NVESTING ACTAvrrIES
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash used in investing activities
(59,770) (196,648)
9,659
(50,111) (196,648)
NET DECREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
CASH AIYD CASH EQUIVALENTS AT END OF PERIOD
(68,004) (245,612)
222,041
467,653
li4,037
222,041
The notes OD pages 12 to 25 form part of these financial statements.
11

CALDERDALE MUSIC LIMITED
COIVIPANY LIM￿ED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM I IIPRIL 2023 TO 31 AUGUST 2024
GENERAL INFORMATION
Tlie charity is a public benefit entity and a private company limited by guarantee, i'egistered in
England and Wales and a registered charity ID England and Wales. The address of t]]¢ registered
office is The Old Courthouse, Blackwall. Halifax, West Yorkshire, HXI 2DL.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance witli FRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statenient of
Recoinmended Practice applicable to charities preparing their accounts in accordance witli the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (cli￿.1t1¢S
SORP (FRS 102)) and the Companies Act 2006.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. as modified by tlie
revaluation of certain financial assets and liabilities measured at fair value through income or
expenditure.
Going concern
From the review of forecasts and projections, the Trustees have a reasonable expectation that the
Charity has adequatc resoiirces to confine in operational existence for the forese¢able future. The
Trustees has therefore continued to adopt the going concern basis in preparing the financial
statements,
Judgements and key sources of estimation uncertainty
The preparation of tlie financial statements requires management to make judgements, estimates
and assumptioiis that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors, including expectations of future events
that are believed to be reasonable under the circumstsnces.
Th¢re are not considered to be any judgments or accounting estimates or assumptions that have a
significant impact on the financial statements.
Fund accounting
General funds are unrestricted Funds which are available for use at the discretion of the Directors
in fiirtherance of the generdl objective5 of the company and which have not been designated lor
other purposes.
Restricted funds are funds which are to be used in accordance wtÈh specific restrictions itnposed
by donors or which have been raised by the charity for a particular purpose.
12

CALDERDALE MUSIC LIMITED
COMPANY LI1￿llTED BY GUARèlNTEK
NOTES TO THE FINANCIAL STATEMENTS (coniiiillerf)
PLRIOD FROM I IlPRIL 2023 TO 31 AUGUST 2024
ACCOUNTING POLICIES (eohilntsett)
Incoming resources
All incoming resources are incliided in tl)e statement of financial activities when entitlement has
passed to the charity. it is probable that the econoinic benefits associated with the transaction ivtll
flow to the charity and tlie amount can be reliably measured. Tlie following specific polici¢s are
applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
l¢gacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless tliis is
impractical to measure reliably, in iyhich case the value is derived from the cost to the donoi.
or the estitnated resale value. Donated facilities and scrvic¢s are recognised in the accounts
when received if the value can be reliably measured. No amounts are included foi" the
contribution of general volunteers.
income froin contracts for the supply of services is recognis¢d Nvith the delivery of the
contracted service. This is classified as unrestricled funds unless there is a contractual
requirement for it to be spent oil a particular purpose and returned if unspenL in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be full), recovered, and is classified under headings of the statement of financial
activities to wl)ich it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, lion-
charitsble trading activities, and the sale of donated goods.
expenditure on charitable activiti¢5 includes all costs incurred by a charity in undertaking
activiti¢s that further its charitable aims for the benefit of its beneficiaries, iiicluding those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising fund5 for the
charity nor part of its expendiwre on charitable activities.
All costs are allocated to expenditure categories reflecting tlie use of the resource. Diirct costs
attribiitable to a single activity are allocated directly to that actiN'ity. Shared costs ar¢ apportioned
between the activities they contribute to on a reasonable. justifiable and consistent basis.
13

CALDERDALE MUSIC LIMITED
COIIqPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (c•niiillied)
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
ACCOUNTING POLICIES (eoiiiiAiued)
Operating leas&8
Lease payments are recognised as an expens¢ ov¢i' the lease terni on a straight-line basis. Tlie
aggregate benefit of lease incentives is recognised as a irduction to expeiise over tbe lease term,
on a straight-lin¢ basis.
Depreciation
Deprcciation is calculated so as to write off tlie cost or valuation of an asse¢ less its residual valiie,
over the useful economic life of that asset as follows:
Leas¢ liold building
Fixtures, fittAngs and
eqiiipment
Musical instru]nents
Computer equipment
l O years
25/0 reducing balance
15 ycars
25 % straight line
Impairment of r￿ed assets
A Teview for indicatots of impairn]ent is carried out at ¢ach r¢portiiig date, with the recoverable
amoiint being estimated where such indicators exist. Where the ¢arying value exceeds the
recoverable amoiin¢ the asset is impaired accordingly. Prior impaimients are also reviewed for
possible reversal at each reporting date.
Taxation
As a registered charity, the cotnpany benefits from rates relief and is general ly exempt from income
tax and capital gains ta￿ but not from VAT. Irrecoverable VAT is included in tlie Cost of those
items to which it relaies.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
14

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARAwfEE
NOTFS TO THE FINIINCIAL STATEMENTS (c(•iulnMerfJ
PEIUOD FROM I APRIL 2023 TO 31 AUGUST 2024
ACCOUNTING POLICIES f¢onfiJined)
Defined contribution plaDS
Retirement benefits to directors of the Calderdale Music Ltd are Provided by the Teachers, Pellsion
Scheme (TPS).
The TPS Is an unfLmded scl)em¢ and contributions are calculated so as to spread the cost of
pensions over employees, working lives with the Charity in sucli a way that the pension cost 15 a
substantially level percentagc of current and future pensionable payroll. The contribiitions are
detemiined by tlie Government Actuary on the basis of quadrennial valuations using a prospective
benefit method. Tlie TPS is a multi-employer sclieme and the Cliarity is unable to identify its sliare
of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. The TPS
is therefore treated as a defined contribution scheme and the contributions recognised as they are
paid each year.
LIMITED BY GUARANTEE
The company does not have a share capital being a company limited by guarantee. Individual
trustee's liability is limited to a maximum of £1.
DONATIONS AND LEGACIES
Urwestricted
Funds
Restricted Total Funds
Funds
2024
GRANTS
Grants receivable
488,492
488,492
Unrestricted
Funds
Restricted Total Funds
Funds
2023
GRèlNTS
Grants receivable
4,000
346,547
350,547
15

CALDERDALE IVtUSlC LIIWllTED
COIIqPANY LIMITED BY GUARANTEIE
NOTES TO THE FINANCIAL STATEMENTS (coitiiniied)
PERIOD FROM I APRJL 2023 TO 31 AUGUST 2024
CHARITABLE ACTIVITIES
Unrestrictcd Total IPuDds Uni"estricted Total Fiiiids
Funds
2024
Funds
2023
School teaching incoine
Pupil Tuition
Event in¢oine
Othcr income
Rock School & Virtual School
Room hire
220,717
337,072
20.953
4.183
3.302
45.898
220,717
337,072
20.953
4.183
3J02
45.898
177.713
216,270
1.417
3,349
4,033
16,309
177,713
216,270
1.417
3,349
4,033
16,309
632.E25
632,125
419,091
419,091
OTHER llqCOME
Unrestricted
Funds
Restricted Totsl Funds
Funds
2024
Gain on disposal of tangible fixed assets held for
charity's owii iise
(713)
1,649
936
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Gain on disposal of tangible fLxed assets held for
charity's own use
16

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (co
ftlijuie
PERtOD FROM I APRIL 2023 TO 31 AUGUST 2024
EXPENDITURE ON CHARtrABLE ACTIvfrIES BY FUND TYPE
Unrestricted
Fuiids
Restricted Total Funds
Funds
2024
Piipil tuition
Music centres
School teacliing
Support costs
236.370
52,128
262,733
314.303
146,849
32,387
163.229
221,741
383,219
84,515
425,962
536,044
865,534
564,206
1,429.740
Unrestricted
Funds
Restricted Tots] Funds
Fiinds
2023
Pupil tuilion
Music centres
Scliool teaching
Support costs
58,344
6,733
47,125
289,570
210,232
24,258
169.801
81.182
268,576
30,991
216,926
370,752
887,245
401,772
485,473
EXPENDITURE ON CIIARrrABLE ACTIVITIES BY AcfivITY TYPE
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Pupil tuition
Music centres
School teaching
Governance costs
383,219
84,515
425,962
217,685
51.076
257.440
9.844
600,904
135,591
683,402
9,844
1,429,740
457,621
52,803
369,615
7,206
887.245
893,696
536.044
10. ANALYSIS OF SUPPORT COSTS
Siipport costs attributable to more than one activity are allocated in proportion to staff time spent
on the activities. The proportions aTe 480/0 teaching for schools (2023 420/0), 9D/o music centrc
(2023 - 60/0) and 43Q/o pupils (2023 - 520/0).
17

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEIVIENTS c
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
10. ANALYSIS OF SUPPORT COSTS (c*Niliniie41
Music
centies
Scliool
teacl]ing Total 2024 Total 2023
Pupil tuition
Staff costs
Premises
Cominiiiiications and IT
Depreciation
Human resources
Finance costs
Goveii)ance costs
Insurance
Travelling
Bad debts
Postage and stationery
Adveitising
Computer and software
Miscellaneous expenses
Training costs
Subscriptions
R¢pairs and renewals
55.575
68,115
989
66.390
3,881
772
4,221
8,559
2.347
12.261
15,021
218
14.642
856
170
931
1.887
517
23
245
54
734
242
271
2,213
335
61,771
75,717
1.098
73,794
4.311
857
4.692
9,514
2,609
129,607
158.853
2J05
154,826
9,048
1,799
9,844
19,960
5,473
243
2,589
568
7,765
3a)5
2,870
23J97
3,542
536,044
110,345
89,457
2,110
91,927
2,153
1,629
7,205
10,751
4,968
1,233
271
3,701
2.017
1,368
11,151
1.688
1,610
5,750
12,498
1,481
(494)
12,246
17,115
370,751
243
3,330
1.096
1,231
10,033
1,519
229,516
50,620
255,908
11. NET EXPENDITURE
Net expenditure is stated after chargingJ(crcditing):
31Aug24 31 Mar23
Depreciation of tangible fi.xed assets
Gains on disposal of tangible fixed assets
Operating lease rentals
Is4￿26
(936)
3,895
91,926
12. INDEPENDENT EXAMINATION FEES
Period from
IApr23to
Year to
31Aug24 31 Mar23
Fees payable to the independent examiner for.
Independent examination of the financial statements
Other financial services
4235
3,810
3,300
2,546
8,045
5,846
18

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMLNfs f
coiifiniie
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
13. STAFF COSTS
Tlie total staff costs and employee benefits for the reporting period are allalysed as follows:
Period from
IApr23to
Year to
31Aug24 31Mar23
Wages and salaries
Social security costs
Employei. contributions to pension plans
Bought io tutors
878,397
62,261
69,569
500
526,203
40,880
53,194
4.236
1,010,727
624,513
The averdge head count of employees during the period was 29 (2023: 26)- The average numbei.
of fvll-time equivalent employees during the period is analysed as follows:
31Aug24 31 Mar23
Management and administration
mi￿1C leaders
13
18
19
23
The number of employees whos¢ remuneration for the year fell within the following bands, were:
Period from
IApr23to
Year to
31 Aug 24 31 Mai. 23
£60,OOOto £69,999
£90,000 to £99,999
£I10,OOOto £119,999
Key Management Personnel
The key tnanagetnent personnel of the Charity comprise the trustees and the senior management
team as listed on page l. The total amount of employee bencfits (including employer pension
contribiitions) received by key management personnel for their services to the Charity during the
17-month period was £204284 (2023 - year £112,585).
19

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARANTII
NOTES TO THE FINANCIAL STATEMENTS (conl
iniiedj
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
14. TRUSTEE REMUNERATJON AND EXPENSES
Under tlie provisions of tlie Governing documen( Mr D Heywood (trustee) is empjoyed by the
charity to teacli miisic to YO￿]g persons in accordance with the objectives of th¢ Charity and has
been paid a salary of and £88,512 (2023 - £55,294) for a 17 month period respectively, in respect
of thosc services.
Mrs Brook is employed as a Business and Enterprise Manager and wa5 paid £75,983 for a 17-
month period (2023 - £43,379).
Pension contribiitioiis for the 17-month period were also paid of £22,263, (2023 - £13,094) for Mi
Heywood and £17.526 (2023 - £817) for Mrs Brook.
These trustees 01)ly receive Temiineration in respect of services they provide iindertaking the roles
of teaching aiid business management, not in respect of tlieir services as a trustee.
Other trustees did not receive any payments from Calderdale Music Ltd in respect of their role as
trustees.
No expenses were paid to the trustees during the p¢riod. (Year ended 31 March 2023: £Nil).
15. TANGIBLE FIXED ASSETS
Short
leasehold
improveinent Fixtures and
Musical
fittings instruments Computers
Total
Cost
At l April 2023
Additions
Disposals
At 31 August 2024
Depreciation
At l April 20?3
Charge for the period
Disp05als
At 31 Au¢7USt 2024
78.720
326,140
46,511
(3.481)
369,170
265,572
11,502
(12,077)
264,997
83,902
1,757
754J34
59,770
(15,558)
798,546
78,720
8),659
15.744
11,153
109,087
85.489
(870)
193,706
122,239
30,428
(5,029)
147,638
45,293
27,756
292J63
154,826
(5,899)
441,290
26,897
73,049
Carrjing amount
At 31 August 2024
At 31 March 2023
51.823
175,464
117,359
12,610
38.609
357,256
461,971
62,976
217,053
143,333
20

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS(
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
15. TANGIBLE FIXED ASSETS fcoitslnuedj
Capital commitments
31 Aug 24
31 Mar23
Contracted for but not provided for in the financial statements
28.577
16. DEBTORS
31Aug24 31 Mar23
Trade debtors
Prepayments and accrued income
Other debtors
67,749
23,955
4,534
27,600
1,971
91,704
34,105
17. CREDITORS: amounts falling due within one year
31Aug24 31 Mar23
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
33,581
201,909
36,295
4,693
21
3,454
237511
18. DEFERRED INCOME
31 Aug 24
31 Mar23
Amount deferred in period
196,725
Deferred incorne includes £29,402 pupiR tuition fees for 2025126 (2024 - £29,402 for a 17 month
period) scliool tuition £166,513 for ?025126 {2024- £166.513 for a 17 Inonth period), £2,352 (2024
£81 O for a 17 month period) for room hire received in advance and £8 l O (2024 - £nil for a 17
month period) of Tental incotne received in advance.
21

CALDERDALE MUSIC LIMITED
COIITrANY LIMITED BY GUARANfE
NOTES TO THE FINANCIAL STATE1￿[ENTs (confiiiued)
PERIOD FROM I IIPRIL 2023 TO 31 AUGUST 2024
19. PENSIONS AfqD OTHER POST RETIREMENT BENEFITS
Tlie Calderdale Muslc Ltd Principal belongs to the Teachers, Pension Scheme, England and Wales
(TPS) wliicli is a multi-einployer defined-benefit scheme. The pension costs are assessed in
accordance with the advice of inde￿ndent qualified actuaries. The outstanding contributions of
£31(2021: £17).
Teachers, Pension Scheme
The Teachers, Pension Scheme (TPS or scheme) is a statutory, unfunded, defined benefit
occupational sch¢me. governed by the Teachers, Pensions Regulations 2010 (as amended), and the
Teachers, Pension Scheme Regulations 2014 (as amended). These regulations appl), to teachers
in scliools and oth¢r educational estsblishments, including academies, in En(Fland and Wales that
are maintained by local authorities. In addition, teachers in many independent and voluntary-
aided scliools and teachers and lecturers in some establishments of further and higher edii¢ation
may be eligible for membership.
Membership is automatic for full-time teachers and lecturers and, from l January 2007, automatic
too for teachers and lecturers in part-time employment following appointment or a change of
contract. Teachers and lecturers are able to opt out of the TPS.
The teachers, pension budgeting and valuation aeeount
Although members may be employed by various bodie% tlieir retirement and other pension benefits
are set out in regulations made under the Superannuation Act (1972) and Public Service Pensions
Act (2013) and are paid by public funds provided by Parliament. The TPS is an unfunded scheme
and members contribute on a 'pay as you go 'basis - contributions from members, along withthose
Inade by employers, arc credited to the Exchequer under arrangements govemed by the above Acts.
The T¢acliers' Pensions Regulations 2010 require an annual accounL the Teachers, Pension
Budgeting and Valuation AccounL to be kept of receipts and expenditure (including the cost of
pension increases). From l April 2001: the Account has been credited with a real rate of return,
which is equivalent to assuming thatthe balance in the Account is invested in notional investments
that produce that real rate of return.
Valuation of the teacben, pension scheme
As a result of the latest scheme valuation employer contributions were increased in September
2019 from a rate of 16.40/ts to 23.6%. Employers also pay a cliarge equivalent to 0.08/0 of
pensionable salary Costs to cover administration expenses. The next valuation is expected to take
effect in 2023.
A copy of the latest valuation report &gn be found by following this link to the Teachers, Pension
Scheme website the Teachers, Pension Scheme website
The pension c05t paid to TPS in the 17-month period amounted to £39,363 (2023 - £13,095).
22

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARAiYrEE
NOTES TO THE FINANCIAL STATEMENTS (eoiiilAued)
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
Scheme cliaiiges
In December 2018. the Court of Appeal held that transitional protection provisions contained in
the reformed judicial aiid firefighter pension schemes introduced as part of public service pension
reforms in 2015, gave rise to direct age discrimination and were ttlerefore unlawful. Tlie Supreme
Court, in a decision made in June 2019, rejected the GO￿"ernment'S application foi. pennission to
appeal the Court of Appeal's ruling and subsequently refe￿ed tlie case to an Employment Tribunal
to determine a remedy which will need to be offered to tliose inembers of tlie two scliemes who
were siibject of the age discrimination.
Since then, claims have also been lod(Fed against the main public servite schemes including the
TPS. Th¢ Departsnent has conceded those ID line i¥ith the Test of the goveimment. In July 2020 HM
Treasury laiinched a 12-week public consuhation which will provide evidence to support the
delivery of an appropriate remedy for the affected schemes, including TPS.
A final remedy will be deterniined once the results of th¢ ci)nsultation are establislied.
In December 2019. a fiirtlier legal challenge was made against the TPS Telatiiig to an identified
equalities issue whereby male survivors ofoppositersex marriages and civil partnerships are treated
less favoiirably than survivors in same-sex marriages and civil partnerships. The Secretaty of
State for Education agreed not to defend the case. In June 2020, the Employment Tribunal
recorded its findings in respect of the claimant. DtE is curreiitly working to establish what
clianges are necessary to address this discrimination.
Any impact of these events will be taken into account when the next sclieme valiiation L5
implemented. This is scheduled to be implemented in April 2023, based on April 2020 data.
20. ANALYSIS OF CHARrrABLE FUNDS
Unrestricted funds
l Aprij 2023
Income Expenditure
Transfers 31 Aug 2024
General fiinds
594,30 I
631.412
(865,534)
(53,400)
306,779
l April 2022
Income Expenditure
Transfers 31 Mar 2023
General fimds
691,271
423,091
(401,772) (118,289)
594,301
23

CALDERDALE MUSIC LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (c•ii(i
iuied)
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
20. ANALYSIS OF CHARITABLE FUM)S (coitsliime
Restricted funds
l April 2023
Income Expendilure
Transfers 31 Aug 2024
Fixed asset fund
Arts Council England
79,372
1,649
488.492
(17,821)
(546,385)
(564.206)
(4,493)
57,893
58,707
79.372
490.141
53,400
58,707
April 2022
Income Expenditure
Transfers 31 Mar 2023
Fixed asset fund
Arts Couiicil England
92,801
7,208
100,009
(13.429)
(472,044)
(485,473)
79,372
346,547
118,289
346.547
118,289
79,372
The Restricted fixed asset fund represents musical instruments and fixtures and fittings
transferred to Calderdale Music Ltd from Calderdal¢ MBC in 2015, less depreciation 011￿.ges.
Arts Council England is a grant towards the costs of extending the delivery of Music education
hub activity.

CALDERDALE MUSIC LIMtTED
COMPANY LIIVllTED BY GUARA]YTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES 1¢gnfviJiied)
PERIOD FROM I APRIL 2023 TO 31 AUGUST 2024
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted Total Funds
Fiinds
2024
Tanoible r￿ed assets
Current assets
CreditOTS less tlian l year
Net assets
298,549
245,741
(237,511)
306.779
58,707
357256
245,741
(237,511)
365,486
58,707
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Tangible fix¢d assets
Current assets
Cirditors less thali l year
Net assets
382.599
256.146
(44,444)
594,301
79,372
461,971
256,146
(44,444)
673,673
79,372
22. ANALYSIS OF CHANGES IN NET DEBT
l Apr 2023 Cash flows 31 Aug 2024
Cash at bank and in hand
222,041
{68,004)
154,037
23. OPERATING LEASE COMMITMEiYrs
The total future minimutn lease payments under non-cancellable operating leases are as follows..
31Aug24 31 Mar23
Not later than l year
Lat¢r than l year and not later than 5 years
66,500
134.997
60,012
174,000
201,497
234,012
24. RELATED PARTIES
There wer¢ no related party transactions during this Y￿[.
25