Calderdale Music CALDERDALE MUSIC LIMITED Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 AUGUST 2025 Company Registration Number 08597862 Charity Number 1154343 Streets.
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 AUCUST 2025 PAGE Trustee5' lI]lial report (incorporating the directoi s IEpoit} Independeiit exaininer's report to the trustees Statement of financial activities (including income and expenditure accouiit) Statement of financial position Statement Df cash flows Notes to th¢ financial slatem¢nts 12
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, AF4NUAL REPORT (1Tr4CORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 AUGUST 2025 The trustees, who are also the directors for tlie purposes of company law. present Éheii. r¢poit and the unaudited fin]Cial slatcttLents of the C[rIty foi. tlie year ended 31 August 2025. REFERENCE AND ADMtNISTRATtVE DETAILS Registered charity name Calderdale Music Liinited Charity i'egistrntion number Cowpany registration llumber 08597862 Pt4ntlpal offiee anrI registered The Old Coiirthouse office Blackwall Halifax West Yorkshire HXI 2DL 1154343 The Trnstees C WightFD S Wild P Reynoldson A J Sapey K Rezina M Sharp S R Montgomery P Clough L Hodgson B Mccartan D MrDermott C Thirkell {R¢tir¢d lo Jiine 2025) (Retired l O October 2025) (Appointed 18 June 2025) (Appointed 18 June 2025) (Appointed l 8 June 2025) (Appointed 18 June 2025) {Appointed 18 June 2025) KeyManagemeDt Pei'sonnel D J Heywood J Brook Independent examiner EAShort Equitable House 55 Pellon Lane Halifax West Yot*shire Bank Lloyds Bank Commercial Street Halifax West Yorksliire HXI IBB VÈrgtn Bank 94-96 Briggate Leed5 W¢st York5hiTe LSI 6NP
CALDERDALE MUSIC LIMITED COMPANY LIMJTED BY GUARANTEE TRUSTEES, ANNUAL REI PORT (INCORPORATING THE DIRECTOR'S REPORT) (efyitliniied) YEAR E]NDED 31 AUGUSI. 2025 STRUCTtlliE, GOVERf4ANCE AND IVIANAGEMENT Tlie organisation is a cliaritable company limited by guai'antse, ineorpoi'ated on 4 July 2013 and registered as a charity on 25 October 2013. The Compai)y was eslablislied under a Memoranduni of Association wliich established tlie objects and powers ofilie chai'itablE company and is govei'ned undei. tlie Articles of Association. In the evei)t of tli¢ cothpany being wouiid up members are quired to coiilribute an amount nirt exc¢¢ding £1. Tlie Boai'd of Trustees are responsible for tlie overall strategy of Ilie compaiiy. The Board meets t¢rnily and is chaiiEd Peter Reynoldson. The Calderdale Music Ltd Principal is r¢spoi)sibl¢ for tlie day to day manatsement. Calderdale Miisic Ltd is Committed to ensuring that we pay oiir statTand s¢lf-¢mployed tiitors fairly and in a way which ensures we attra¢t and retain tELe right skills to have the greatest impact in delivering our charilablc objectives. The appropriateness of staff remiineration is reviewed annualls., inelllding reference to conipai'isons witli similar OTganisatiOn5 ensurinu Calderdale Music remains sensitive ro the broader issues e.g. pay and employment conditions elsewhere. Recruitment and gppoiDlmeut of trustees All the Company Directors also Trustees of the Charity- The Princlpal of the Calderdale is also a Company Director and Charity Trustee. The trustee5 may apwint one or more SLi&committees to eany out any duty which in the opinion of th¢ trusl¢¢s would be more conveni¢ntly Iindertaken by & 5ub- cottllnittee. who would then in lun) report to the trustees. TTUStees are recniited by the Board to always ensui'e that the Board has expertise across all areas of the interest of Calderdale Music Ltd. A skills audit will be completed whetL necessary to Ilighlight ihe areas of expertise that tnay need strengthening. The recommended processes from the Arts Council will be rollowed. The development of the Board is crucial to Calderdale Music Ltd's tUre sustainability and ¢ssenlial for ¢nsuring it 15 fit for purpose. The Bo8rd is also sour¢ing expertise. Trustee Anductioll and training On appoiiilment a tnjstee is given an information pack that includes the Memorandum and Articles of Association and the latest accoiint5. Training needs are assessed &nd met as required. At ihe first trustees meeting after the Annual General Meeting, all trusttes are reminded of tlieir responsibilities and new trustees provid¥d with a copy of CC3= Responsibilities of the Charity Trustees. The tnjstees digcu5s and update th¢ company's future plans and objectives document. Risk management The Management Committ¢¢ has Conducted a irview of the major risks to which the charity is exposed, a risk register is maintained id¢ntify"ing financial, tEgulatOry* business and operational risks and wliere appropriate, systeins or procedures have b¢¢n establislied to tnitigate the risks the charity fac¢$ and additional policies put in place where required. Internal risks are minimised by the impl¢menlation of procedures for authorisation of all transactions and projects.
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (coiilliiiierf) YEAR EIYDLI D 31 AUGUST 2025 The Trugtees have ¢onsidered the risks facing Caldci'dale Miisic Ltd and belicvctlic inain risk is ensuring tlieir is continuiiig funding froni the Arts Council. Plans arc being made to ILltigate against any potciitial reduction in funding from central gov#rnlneiit. The Trustees regard th¢ healtli and safety of children as being of paL7mount iiiiportan¢e and ensLire staff YÉre vetted by the Disclosure and Ban-ing Service. OBJECTIVES AND ACTIVITIES Calderdale Music Ltd aims to proinote and siipport t]ie highest qLiality music educatioii for all. Tlie company exists for the advaiiceiiient of piiblic educatioii in all aspects of music in the Boroiigh of Calderdale. In practice Calderdale Music Ltd pi'ovides the delivery of the tA)cal Authority's miisic serviLe. CaldeTdale Music Ltd aims to provide a safe and encoiiragingenvironmentwhere young people arc nurturcd aiid thcir a¢hicvcm¢nts celebrated. C.alderdkile Music Ediicatioii Hub funding is speiit in accordance with Arts Council England lidelineS and will support the following priorities from 'The Power of Music to Change Lives.- A National Plan for Music Education., The J aims are to.. support schools and other ediication setting5 to deliver high-quality music education. siipport young people to develop their int¢r¢sls and tal¢nt further, in¢luding into employm¢nt- supporL all children and young people to engage witl) a range of musical oppc)rtunities in and out of sehool. The 5 Strategic Function5 are.. Partnership5 Schools Progression and Musical Development Inclusion Siistainability ACHIEVEMENTS AND PERFORMANCE During the year, Calderdale Music Ltd ¢ontinued to deliver high-quality and incliisive music ¢ducation for cliildren and young people across Calderdale. The organisation remained focused on its strategi¢ objectives to: support and develop Staff to deliver excellent music education. provide inclusive and high_quality musical ¢xperi¢nces' and expand opportunities in Mustc Technology across curriculum and enrieliinent settings. Vision, Mission and Values Caldcrdalc Music Lid's vision is "to open life-long mwic apidarls opportunilie5 to all, pruviding a eulrural hÉtsYifnr Coldepdalg tA(21 Unifes, vtotivaie3 (Thd inspirespeople to live more ereative livgs. ' Its Inission is to collaborate with schools. partners outstanding leaching, speoi81ist music and arts education, and a broad range of p¢rfomiance opporttinities. The organisation continues to embed its
CALDERDALE MUSIC LIMfTED COMPANY LIMITED B Y GUARANTEE TRUSTEES, ANNUAL REPORT UNCORPORATING THE DIREcfoR'S REPORT) YEAR ENDED 31 AUGUST 2025 core valu¢s of Honesty. Expertise. Achieveinent, Reliability and Together throughoLIt its opei'ations. coinn)unities and individtsals to deliver. Faeilities and Operations The organisation operat¢s from Tlie Old Courthoiise, which provides high-qLiality accommodatioii includiiig offi¢¢ spa¢e. I:1 and small-&7roup l¢acliing i'ooJns, eiis¢tnble r¢livarsal rooms, a Board Room and a perfnrniance space. The Rhhrn & Brcws coffcc shop ceascd trading during thc year. however, a bean-to-cup coffee macliine and seatiiig area rejnain available for parents and Visitors. Service Delivery Calderdale Miistc Ltd delivered Whole Class Ensemble Tuition (WCET) and ourricullim music teaching in 38 schools during the year, equating lo 117 WCET classes per week. While tlie iit5mber of schools ¢iigaged r¢niained consistent willi Ilie prior year. Ilie total iiumber of ¢lass¢s delivered reduced slightly di1¢ to finai)cial pressures within h0o1$. A total of 578 pupils i'eeeived I.. l and small_groiip tuition, cotnpared witli 624 in 2023124. Ttie Directors note that the challenging financial climate for both Schools and fatnilies continues to be the primary barrier to increasing participation in thi5 area. West Yorkshire Music Hub 2024125 marked the first full year of the newly establishcd Wcst Yorkshire Music Hub. a consortium of the five Westyorkshire local authority }e8$. Bradford Music and Arts Service acts as the Hub Lead Organisation. Calderdale Miisic Ltd holds the strategic lead for Incliision, ensuring equiiable access to music education across the region in ltne with Arts Council England's requiretnents. Workforce and Recrulknient ReCIltment challenges continue to afft Musi¢ Hubs nationally. and Calderdale Mu51¢ Ltd has experienced sustained demand diat exceed5 ciirrent staffing capacity. Several high_quality luSi¢ Leade were appointed during the year. however, recniitment and retention remain strategic priorities. The organisation also engaged a Small number of freelance tutors to support L= I, small-group ensemble provision. SÉaff Development A comprehensive pi'ogramme of Continiiing Professional Development (CPD) was deltvered for Music Leaders, infoiined by School Music D¢velopment Plans and s¢liool-idenlified needs. Additional CPD sessions were provided tlirough School Centred Jnilial Teacher Training (SC[) programm¢s, siipporting ib¢ development of future ¢ducatur5.
CALDERDALE MUSIC LIMITED COMPANYLIMITED BY GUARANTEE TRUSTII ES, ANNUAL REPORT ONCORPORATING THE DIRECfORIS REPORT) YEAR EI NDED 31 AUGUST 2025 Performance Enrichment Actlvities The orwiisation delivered a wide range of p¢i'formance and enri¢hineDt opportunities diii'ing th¢ year, including.. tennly concerts for pupils r¢¢eiving I:1 and sinall-group tuilLOn' Wesl Yorkshire-wide wind brnss band reheaJ5als and perforniances; musi¢ video proj¢¢ts' and the third Voices Together event at the Victoria Theatre, involving niore than 1,200 pupils aoross tliree evenings. Calderdale Music Ltd a150 continiied its partnersliip witli The Piece Hall, providing high_profile work experience oppor(unities as part of the venue's summer ftslival sei'ies from Jiine to Augiist 2025. FINANCIAL REVIEW During the period unrestricted expenditure exceeded income by £67.965 (2024 - £234,122) income exce¢ded ¢xpenditure). l.lowever, £31.695 has been tRnsferred to restricted funds which was in deficit by £1:207. The totsl lunilb of th¢ Charity have decreased froin £365,486 to £296,314. FTee reserve% at 31 August 2025, after aceounting for restricted funds and reserves reprcsented by fixed asscts were £8.380 shortfall (2024 - £8.230). Restricted funds includes a restricted fixed asset fund which includes musical instwments, fixture and fitting5 and computer equipment transferred to Calderdalt Music Limited from Calderdale MBC in 2015, and £60,135 from the Bradford MDC capit Grant in 2025, less depreciation Charges. Reserves at the end ofthe y¢ar We £296,314 which are to be used to finance additional projects. ttading in the ensuing year and as backup reserve. Principal fuiid&ng sources The main sources offunding are from Seryiee tKv¢l Agreements witli the Arts Council and pupil tuition. Aits Council curreiitly represents 401 of totAI in¢ome. Pupils tuilioii accounts for 540/• of the total income and a further 60/0 of total income is obtain¢d from other income sour¢¢s. Investment policy Aside from r¢taining a prudcnt amount in reserves each year most of the Charity's funds are to be spent in the short tem so there are few funds available for long tenn investment. Having considered the options available, the Calderdale Music Ltd Directors has decided to invest aillount available in a short temi interest b¢aring account.
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (coiilriiued) YEAR EIYDED 31 AUGUST 2025 Reserves policy The Directors have exainined the charity's reqiiiremeiits foi. reserves in liglit of the main risk5 to the orgatiisation and have established a policy whereby tlie unrestt'LCted funds nol coininitted oi. invested ID tangible fixed assets held by tl)e chai'ity should be in tlie region of between six and nine iiionths expenditure. in view of current econoinic diificulties, Mrhich amounts to approximately £786,000. Unrestricted funds are £207,119 iiicluding fixed assets of £215,499 leaving free reseives shorrfall of £8.380. Resti'icted funds amount to £89,195, which is all in i'elation to restt'icted fixed assets. Res¢rves are lolver tiiaii the current policy and die trustees are looking to iiici'ease I'eserves to tlie required level in the ensuing y¢ar. The Trustees are also conscious that tliey i)eed to look to tlie long-term future of Calderdale Music Ltd in ternis of the provision of service to enable Ihem to respond lo clianges within the D. PLANS FOR FUTURE, PEIUODS CaId'daIe Music will continue to embed its new strategic objectives, which are to= support and develop staff to deliver higli-quality music education- provide inclusive. enriching, and high-quality musical experiences. and expaiid opportLillities in Music Teclinology across IM)th curriculum and enrichm¢T)t seltings. The organisation will fi]rther strengthen its engagement with schools, ensiiring that clear and gccessible progression pathways are available to all students, includingcun-iculum tuition, one-to-one and stnall-group provision. Cald¢rdal¢ Music will also iillpl¢m¢Dt its Miisic Technology Strategy across its prograniines. supported by partn¢rsliips witli The Piece Hall and Roland, and by introducing innovativ¢ ¢urri¢ulum opportuniti¢s wiihin schools. There remains a degree of uncertainty regarding the establishment of the new National Centre for Arts and Nlusi¢ Education, which will ultimately become the fund holder and a¢Untable body for all Musi¢ Hubs. The tendering pro¢¢ss for the National Centre is currently open, with operations expe¢t¢d to ¢ommenc¢ from Sept¢mb¢r 2026. Arts Council England will continue to oversee Music Hubs until Au7st 2027. In September 2026, Calderdale Musio will relocate from The Old Coiirtholise to neiv accommodation, This move has been strategically planned to safeguard tlie orgaiiisation's long-terni sustainability and to ensure ihat the new obj¢¢tiv¢s ar¢ fully supported and appropi'iately r¢soui'ced. Th¢ r¢loeatioii also reflecls th¢ wider structural Changes arising from the creation of th¢ West Yorksliirt Music Hub and the ociated reduction in funding to Calderdale Music.
CALDERDALE MUSIC LIMITED COMPANY LIMrrED BY GUARANTEE TRUSTEES, ANNUAL REI PORT (INCORPORATfNG THE DIRECTOR'S REPORT) YEAR ENDED 31 AUGUST 2025 TRUSTEES, REI SPONSIBILITIES The trustees, who ar¢ also dir¢¢tors for the purposes of company law, are respoiisible for prepariiig the trustees, report and tlie financial stalem¢Dts in accordancc with applicablc law and Uiiitcd Kingdom Accounting Stsndards (Unit¢d Kingdom (ieneTally Accepted Accounting PTactice). Company law require& the cl)arity trustees to prepare financial statements for each year wluch give a true and fair view of tlie state of aff&irs of the charitable Gompaiiy and the incoming resoiirces and application of resoiirces. inoluding the inc05ne and expendrture. for tliat period. In pr¢paring tliese financial ststements, the ti'ustees are required to.. s¢lect suitable accounting policies and th¢n apply them ¢onsistently' observe the mettlods and prinoipJ¢s in the appii¢abl¢ Cliarities SORP. make judgments and accounting estimates that are reason&bJe and prudent; state wliether applicable UK Accounting Standards have be¢n followed. sllbjt to any matertkd departures disclosed and explained in the financial statements- prepare the financial statements on th¢ going ¢on¢ern basis unless it is inappropriate to presume that the charity will continue in business. The trustee5 are respottsible for keeping adequate accounting records that &ve sufficient to show and explain the charity's transactions and disclose wtth reasonable accuracy at any time tlie financial position of the Lliarily and enable them to ensure that tlie financial statements ¢omply with th¢ Companies Act 2006. They ar¢ also rcsponsiblc for safeguardingthe assets of the Charity and hence for laktng i'¢asonabl¢ steps for the prevention and detection of fraud and other irregularities. The triistees, annual report and the strategic report were approved on .ty..r{wty 20 behalf of the board of trustees by.. and signed on D J HEYWOOD Trustee
CALDERDALEI MUSIC LIMITED COMPANY LIMITED BY GUARANTII E INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF CALDII RDALE MUSIC LIMITED YEAR ENDED 31 AUGUST 2025 I rcport to ilie tnislees oil illy examination of the fjnancial statemei)ts of Calderdale Music Limited ('the charity,) for the yeai- elided 31 Aiigust 2025. REsPONSIBILIEs AND BASIS OF REPORT As tli¢ truqt¢¢s af th¢ cornpany (and also it8 dircctors for thc purposcs of company law) you are rcsponsible for the preparatioii of the financial stateiiients in accordai)ce witli the requiremeiits of the Coinpanie5 Act 2006 ('the 2006 Act,). Having Satisfied myself that the accounts of the company are not required to be audited uiider Part 16 of the 2006 Act and al'e eligibl£ for independent examination, I i'eport iii respect of my exnmination of the charity's accounts as carried out under section 145 of tlie Charities Aci 2011 ('the 2011 Act'}. In canying oiit my exatnination I have followed die Directions given by ibe Charity Commission under Stion 145(5)<b) of th¢ 2011 Act. IIYDEPENDENf EXAMINER'S STATELVIENT Since the charity's gr05s income exceeded £250.000 your examiner miist be a member of a body listed in section 145 of the 2011 Act. I confirn] tliat l am qualified to undertake the examinatiot) because l am a member of die Institute of CtLartered Accountants in England and Wales (ICAEW). Ivhich is one of the listed bodies. I have Completed my exatnitlation. I confirm that no matters have come to my attention in connection with the &xMmination giving me cause to believe: accouT]tii)g records were not kept in respect of the charity as required by sectioii 386 of the 2006 AGI. or th¢ financial statements do not accord with those records- or the financial statements do not comply with the accounting requiretnents of section 396 of the 2006 Act other th&n aiiy requiretnent that the aCLOUTlts give a 'true and fair, view which is not a matter considcrcd as part of an indcpcndcnt cxamination. or th¢ financial statements have not been prepared in accordance with the meihods and prineiples of the Statement of Recommended Practic¢ for aecoiinting and reporting by ch8riti¢s applicable to charities preparing their accounts in a¢cordance ivith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no ¢onc¢iTLS and hav¢ come across no other matters in connection with the examination to which alt¢lltion should b¢ drawn in this report in order to ¢nabl¢ a proper uiiderstsnding ot'tlie accounts to be reached. E A SHORT FCA Independent Examiner .2026 Equitable House 55 Pellon Lane Halifax West Yorkshire HXI 5SP
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE STATEMEI NT OF FINANCIAL ACTIVITIEI S (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 AUGUST 2025 Pei'iod from l Api. 23 to 31 Aug24 Yearto 31 Aug 25 Unrestricted Restt'i¢ted funds funds Totsl funds Total fund5 Tr4ote Income And Endowments Donations and legacies Charitable activities Other incotne 388,544 388,544 594,652 {3,772) 979,424 488,492 632,125 936 594,652 {4,359) 590,293 587 Total incomt 389,131 1,121,553 Expendilure Expenditure on charitable activities TotAI expenditure 658,258 390,338 390.338 1,048,596 1,048,596 1,429.740 1.429,740 658.258 Net expenditure (67,965) (1,207} (69,172) (308,187) Trall$fe between funds (31,695} 31,695 Net tnovement in funds (99,660) 30,488 (69,172) (308,187) ReconciliatioR of funds Total funds broUt forward TotAI fullds crdrried forward 306,779 58,707 365,486 673,673 365,486 207.119 89.195 296a14 The ststement of financial activRties include5 all gains and losses r¢¢ognis¢d in the year. All iiicome and expenditure derive from ¢ontinuing aclivities. Tbe notes on pages 12 to 24 fo part of these financial s¢atemenls.
CALDERDALE MUSIC LIJMITED COMPANY LIMITED B Y GUARANTEE STATEMENT OF FINANCIAL POSITION 31 AUGUST 2025 2025 2024 Note FIXED ASSETS Tangible fixed assets 15 304,694 357,256 CURREIYT ASSETS Debtors Cash at bank and in h8nd 16 81,715 152,176 91,704 154.037 245,741 233,891 CREDITORS: amounts falling due Ivithin one year IYET CURRENT AS,SETS 17 242,271 237,5 I I (8J80) 8,230 TOTAL ASSETS LESS CURRENT LIABILITIES 296J14 365.486 NET ASSETS 296?14 365,486 FUNDS OF THE CHARITY Restricted funds Unrestricted funds 89,195 207,119 296,314 58.707 306.779 Total eharity funds 20 365,486 For the year ¢nding 31 August 2025 the charity was entitled to 2xemption from audit under seotion 477 of the Companies Act 2006 relating to small coinpani¢s. Directors, r¢sponsÉbiliti¢s: The members hav¢ not required the compan}, to obtain an audit of its fitlaneial statements for tbe year in question in accordanoe with Section 476. The directors acknowledge their responsibilities for complying witlt the requiretnents of the Act with SpeCt ID accounting records and the preparation of financial stateinents. These Iiiiancial statements have been prepared in aceordance with the provisions applicable to cofflpani¥s subject lo the sinall companies, regime. These financial statements were approved by tl)e board of trust¢¢s and authorised for issue on ..r.2tsnd are signed on behalf of the board by: D J IIEYWOOD Trustee The notes on pages 12 to Error! Book]nark iiot defined. form part of these financlal statements. io
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUAIi4EifEE STATEMEiYf OF CASH FLOWS YEAR ENDLD 31 AUGUST 2025 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net expenditure (69,172) (308,187) Adjuslmenl.¥for.' DepreciatiDn of tangible fixed assets Accrued expenses 105,765 3,227 154.826 491 Chong£s' in.. Tr&de and other debtors Trade and otlier Creditors 9,989 1,533 (57,599) 192,576 Casli generated froni operations Net cash froin/(used iii) operating activities 51J42 (17,893) (17.893) SJ J42 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of tangible assets Pro¢¢¢ds from sal¢ of tangible assets Net ¢&sh used in investing &clivities (60,135) 6,931 (59,770) 9,659 (53,204) (50.11 I) NET DECREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNITrIG OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR (1,862) 154,037 (68,004) 222,041 A52,176 154,037 The notes on p*ges 12 ¢0 Errorl Bookmark not defined. form part of these financial statements. li
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUA114NTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUS'T 2025 GE1RL INFORMATION The charity is a public benefit entity and a private company limited by guaiantee, registetEd in Englaiid aiid Wales and a registeiyd charity in &)gland and Wales. Tlie address of tlie i-egistered office is The Old Couitlious¢, Bla¢kwall. Halifax, W¢st Yorksliir¢, HXI 2DL. STATEMENf OF COMPLIANCE These financial statemeiits hav¢ b¢¢n prepared in eoinpliance witl) FRS 102, 'The Financial Repoitiiig Stalldai'd applicable in tlie UK and the RepubliG of Ireland,, Ilie Statement of Re¢oinm¢nded Practice applicable to cliarities preparing tlieir accounts in accordance with the Financial Reporting Standaj'd applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Coinpanies Aci 2006. ACCOIJNTLYG POLICIES Basis of preparntion The financial statements have been prepared oil the liistorical c05t b8SiS, as modified by the rei'aliiation of certain financial assets and liabilities in¢asured at fair value tlirough income or expellditure. Going concern From tlie review of forecasts and projections. the Tnislees have a reasonable expectation that the Charity h41s adequ&te resources to confine in operational extstence for the foreseeable future. The Tnistees h&s therefore conlinued to adopt the going con¢ern basis in preparing the financial statemellts. Judgements and key sources of eslimation uncertainty The preparation of tFLe financial statements reqiiires management to make judgements, estin)&tes and assumptions that affect tile amounts reported. Tliese estimates and jiidgen]ents are continually reviewed ld are based on experience and other factors, including expectatÉons of future events tliat are believed to be reasonable under the CiTCUtnstances. There are J]ot considered to be any judgments or accounting estimate5 or a55UIIiPtions tliat have significaTbl imPit¢t the financial stateillents. Fund ac¢outttRllg General funds we unr¢slri¢led funds which are av&ilabl¢ for use at the discretion of the Dir¢¢tors in furtheran¢¢ of the general objecttves of the company and which have not been designated for other piirposes. Restricted funds are funds which ar¢ to be used in accordance with specific Testrictiolls imposed by donors or which have been raised by the charity for a p8rticular purpose. 12
CALDERDALE MUSIC LIMITED COMPANY LIMITED IIY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (Cr)RlbftiÉed) YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES ftoiiltlliie 1cOlg resoui-ccs All incoinTng resources are included in ilie statement of fiiiancial activities wlien entitlenient has passed tu ihe cliarily- IÈ is probable that the economic benefits associated with the transactioii will flow to the charity and tli¢ amount can be reliably measured. The following spccific policies are applied to particular categories of income: in¢omc from donations or grants is recognised when there is evidence of entitlement to the gif( receipt is probable and its amount ¢an b¢ m¢asur¢d reliably. legaoy income is recognised when receipt 15 probable and entitleinent is establislied. income from donated good5 is measured at the fair value of the goods iinless this is iTnpractical to measure reliably, in Nvhich case the value is derived from the cost to the donor or tlie estimated resale value. Donated facilities and services are recogiiised in the account5 wlieii received if the value cali be reliably measured. No ainounts are ii)cluded for the contribution of genernl volunteers. income from contrncis for the supply of services is recognised with the delivery of the contracted scrvice. Tliis is classified as iinreslricted funds unless th¢re is a contrdctual requirement for it to be spent on a partiCLilar purpose alid rettirned if unspent. in wliich c&se it may be regarded as restricted. Resources expended Expenditiir¢ is recognised on an accruals basi& as a liability is incurred. Expenditure incliides any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to wliich Ét r¢lates.' expenditure on raising funds includes the costs of all fundraising activities, events, Don- charitable traditLg activitie5, and the sale of donated goods. expenditure on charitable &ctiviti¢s includes Vlll costs inciirred by a charity in undertaking activities that furtl)er its charitsble aims for the ben¢fit of its benefi¢iaries. including those support costs and costs relating to th¢ goveman¢¢ of the charity apportion¢d to Gharitabl¢ activities. other expenditure incliid¢s all expenditure that is neither related to raising fvnds for the charity nor part of its expenditure on charitsble a¢tivili¢s. All costs arc allocated to expenditure categori¢s r¢fle¢ting tbe us¢ of tlie reSoue. Direct Costs attributable to a single activity are allocated directly to thal a¢livity. Shared Costs ar¢ apportioned b¢tween the activities Iliey contribute to on a reasonable. justifiable and consistent basis. 13
CALDERDALE MUSIC LIMITED COMPANY LIMJTED BY GUARANTII E NOTES TO THE FINANCIAL STATEMENTS ( YEI AR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES (coiiilfv4ed) Operating legses Leose payments air recognised as an expense over the lease term oil a straight-lin¢ basis. The agrgate ben¢Fit of leas¢ incentives is recognised as a reduction to expeiise ovei. tl)e lease teiTh, on a slraiglit-liiie basis. Depreeiation Depreciation is calciilated so as to wi'ite off t]ie cost or valuation of an asseL le5S its residual value. over tlie usefiil economi¢ life oltliat asset as follow5- Lease hold building Fixtureb, fillingb and eqllipment Miisical instruments Compllt¢r ¢quipm¢nt 10 yeaTS 250/0 reducing balance 15 years 250/0 Straiglit line Impairmenl of fixed assets A revi¢w for indicators of impaimient is caffied out at each reportiiig date, willi tlie reLoverablt mount b¢ing estimated where such indicators exist. Where th¢ catrying value exceeds the recoverable amount, th¢ asset is iinpaired accordingly. Prior impairnjents are also revi¢w¢d for possible r¢v¢rsal at ¢a¢h reporting dat¢. Taxation As a registered charity, the company benefits from rates reliefand As gen¢rally exempt from in¢om¢ tsx and capital gains tax. biit not from VAT. Irr¢coverable VAT is incliided in the cost of those items to whi¢h il relates. Financial in$trumellls The company only has financial assets and financial liabilities of a kind that qualify as basi fina]Icial 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 SLibsequently measured at amortised cost using the effective interest method. 14
CALDERDALE MUSIC LIMITED COMPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS I,,,,.,,, YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES (¢onliHIKIQ Defined eontribution plans Retirement benefits to directors of tlie Calderdale Music Ltd are provided by ilie Teacliers, Pension Schein¢ {TPS). The TPS is ai) unfunded scheme and conh'ibutiOl15 ar¢ cal¢iilated so as to spread tlie cost of pensions over ¢mployees' working Lives with tlie Cliarity in sucl) a way that tl)e peiision Cost is a subslaJ)tially level perceiitage of Cuent and futui'e pensionable paymll. Tlie contributions are determined by tlie Government Actuary on the basis of quadiEiinial valuations iising a prosi)ective beiiefit meiliud. The TPS is & multi-einployer sclieme and tlie Cliarity is uiiable to identify its share of the iinderlying assets and liabilities of the scheme on a COASiStent and reasonable basis. The TPS is Ilierefore treated &8 a defwed contribution sclieme and ilie conti'ibutions cOgniSed as they al'e paid each year. LIMITED BY GUAIL4NTEE The company does not have a share capital being a company limited by guaranÈ¢e. Individiial trustee's liability is limited to a maximum of £1. DONATIONS AND LEGACIES Restricfrd Total FUdS Funds 2025 Restricted Total Fiiiids Funds 2024 Granls re1Vable 388,544 388,544 488,492 488,492 CHARITABLE ACTIVITIEI S Unreslii¢ted Total Fullds Unrestricted Total Fiinds Funds 2025 Funds 2024 School teaching income Pupil Tuition Event income Other income Rock School & Virtual School Room hire 206,729 297,565 14,409 29,280 5,676 40,993 206,729 297.565 14,409 29,280 5,676 40,993 220.717 337.072 20,953 4.183 3.302 45,898 220.717 337,072 20,953 4,183 3.302 45.898 594,652 594,652 632.125 632,125 Is-
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINATrICIAL STATEMENTS (coiil,. Y[1 AR EI NDED 31 AUGUST 2025 OTHER INCOME Unrestrictcd Fuiids Restricted Total Funds Funds 2025 Gain 01) disposal of tangible fixed ass¢ts held lor charity's own use (4,359) 587 (3,772) Unrestricted Funds Restricted Total Funds Fuiids 2024 Gain on disposal of tangible fixd &ssets held for charity's own iise (713) 1,649 936 EXPETr4DITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Funds Restricted Total Fund5 Flinds 2025 Pupil tuition Music centres School tca¢hing Support costs 231,181 127,015 36,240 88,242 138,841 358,196 102,199 248,849 339,353 160,6Q7 200,513 658,260 390,338 1,048597 Unrestricted Funds Restricted Total Fynds Fund5 2024 Pupil tuition Music ¢entr¢s Scliool teaching 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 1,429,740 865.534 564,206 16
CALDERDALE MUSIC LIMtTED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS f YCI AR ENDED 31 AUGUST 2025 EXPETr4DITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Activities undertaken directly Support costs Total funds 2025 Toial fund 2024 Pupil tuition MLISIC eentres School teachii)g Gov¢maii¢¢ cosls 358,196 102,199 248,849 166.710 47.564 115,818 9,261 339.353 524,906 149,763 364,667 9,261 600,904 135,591 683.402 9,843 709.244 1,048,597 1.429.740 10. ANALYSIS OF SUPPORT COSTS Support costs attributable to more than one activity are allocated in propoi'tioii to staff time sp¢nt on the activities. Th¢ proportion5 ate 350/0 lea¢hing for schools {2024 - 480/0). 7Q/o fllUSiC centre (2024 - 9%) and 510/0 piipils (2024 - 43/•). Mu51C centres School teaching Total 2025 Total 2024 Pupil iuition Staff costs Premises Comtnunications and IT General office Human i'esources Finance costs Governance costs Insuraiice Trav¢lling Bad debts Postage and stationery Advertisiiig Computer and 50ftware Mis¢ellaneous expenses Training costs Subscriptions Repairs and renewals 35,590 54.141 848 53,415 767 333 4,678 4,603 1.413 10.155 15,448 242 15,240 219 95 1,335 1.3l3 403 24,726 37.614 589 37,109 533 231 3,250 3,198 982 70.471 107,203 1,679 105,764 1,519 659 9363 9,114 2,798 129,607 158.853 2,305 154,826 9,048 1,799 9.844 19.960 i,473 243 2,589 568 7,765 3,355 2,870 23,397 3,542 536,044 412 118 286 816 4,478 991 1,278 282 3,111 688 8,867 1,961 8.984 734 2.563 209 6.241 510 17.788 1.453 171,387 48,900 119,068 339J55 17
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (ethtilttiie YEAR ENDED 31 AUGUST 2025 I I. NET EXPENDITURE Net expenditure is Sted after chargingl(crediting)'. 2025 2024 Depreciation of langible fixed assets Gains on disposal of tangtble fixed assets Operating lease rentals 105,765 3,772 7,163 154,826 (936) 3,895 12. INDEPENDENT EXAMINATION FEES Period from Year lo l Apr23to 31 Aug25 31 Aug24 Fees payable to tlie independeht exaininer for.. Indepeiid¢nt examinaiion of tlie fiiiaiicia] slatein¢nts Other financial services 5,250 2,708 4.235 3,810 7,958 8,045 13. sfAFF COSTS The total staff costs and employee benefits for the reporting period are analysed as follows= Period frotn Year ¢0 l Apr 23 to 31 Aug 25 31 Alig24 Wages and salaries Social security ¢osts Employer contributions to pension plans BoUt in tutors 627,080 52,102 60,915 21,921 878,397 69,569 500 762,018 1,010,727 Th¢ avcrage head count of employ¢¢s during the year was 26 (2024: 29). The average number of full-time equivalent employees during th¢ y¢ar is aiialysed as follows- 2025 No. 2024 Management and administration Miisi¢ leaders 13 13 19 18
CALDERDALE MUSIC LIMITED COMPANY LIMrrED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (tsiiliniied) YEI AR ENDED 31 AUGUST 2025 13. STAFF COSTS (L¥lllllJiue The niimber of einployees wliose reinuneLation for tlie yeai. fell witl)in th¢ following bands. were: 2025 2024 £60,000 to £69,999 £70,000 Lo £79,999 £90,000 to £99,999 £1 I 0,000 to £119,999 Key Illan#gen]ent PEf50nDel Key Manag¢Fnent P¢r50T]nel The key fflanagement personnel of tlie Charity compi'ise the trustees and tlie senior Inan&geinent team as listed Dn page l. The total amount of employee benefits (including employer pension contributions) received by key mana8ement perso1¢1 for th#ir services to the Charity was £170,238 (2024: £204,284 for a 17 month period). 14. TRUSTEE RELIIUNERATIOIY AND EXPENSES Under tlie provisions of the Goveniing document, Mr D Heywood (trustee) is employed by the charity to t¢ach musi¢ to yOLing persons in accordaiice with the objectives of th¢ Charity and has been paid a salary of £70.078 (2024 - £88.512 for a 17 months period) reSptivelY, in respect of those services. Mi'5 J Brook is employed as a BLlSin¢SS and ETLteTprise Manager and was paid £60,815 (2024 - £75,983 for a17 month period). Pension contribvtions were also paid of £21,102 (2024 £22,263 for a 17 month period) for Mr Heywood and £18.243 {2024 - £17,526 for a 17 Tnonth Feriod) foi. Mrs J Brook. These trustees only re¢¢iv¢ r¢mun¢r&tion in respect of services they provide undertakillg the Toles of teaching and business managem¢nl, not in respect of their services as a tru8tee. Oth¢r trusfres did not receive any payments from Calderdale Music Ltd in respect of their role as trustses. No expenses were pd to the trustees during ihe period. {2024 - £Nil for a 17 monili period). 19
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINIINCIAL ST ATEMENfs rrgiifiiiii<rf) YEAR ENDED 31 AUGUST 2025 15. TANGIBLE FIXED ASSETS Short leaseliold Fixh]res and improveineiits fittings Miisit81 instt'uments Computers Total Cost At I September 2024 Additioiis Disposals At 31 August 2025 Depreciation At I September 2024 Char¥¢ Cur the year Disposals At 31 August 2025 Carryillg atnount At 31 Augu8t 2025 At 31 August 2024 78,720 369.170 264,997 60,135 (6,436) 318,696 85,659 798J46 60,135 (15,071) 843,610 (8.635) 360,535 78,720 85,659 26.897 7,872 193,706 43.866 (3,969) 233.603 147,638 42,179 (4,171) 185.647 73,049 11,848 441290 105,765 (8,140) 538,916 34.769 84,897 43,951 126.932 133,049 762 304,694 357,256 51,823 175,464 I l7,359 12.610 16. DEBTORS 2025 2024 Trade debtors Prepayments and accrued income 58,S99 23,116 67,749 23,955 81.715 91.704 17. CREDrroRS: amounts falling due within one yeAr 2025 2024 Trade creditors Accnjals and deferred incom¢ Social seciirity and other t¢S Other creditors 24,112 212J51 2,950 2,85¥ 35,581 20I,909 242271 237,511 20
CALDERDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE DETAILED ST ATEMLI NT OF FINANCIAL ACTIVITIES fcoNt YEAR Ef4DED 3J AUGUST 2025 18. DEFERRED JNCOIIqE 2025 2024 Amount defetred in year 203,940 196,725 2025 2024 Amount def¢rred in year.. Pupil ttiilion fees 2025126 School tuilion Room bil'¢ received in advance Reiital income received in advance 22,436 177,602 2?52 1,550 29,402 166,513 810 203,940 196,725 19. PENSIONS AND OTHER POST RETIREMENT BENEFrrs The Calderdale Miisic Ltd Principal belongs to the Teacheis, Pension Scheine, England and Wales {TPS) wliich 15 a tnulti-employer defined-benefit sclieme. The pension costs are assessed in accordance wlth the advtc¢ of indendent qithlified actuaries. The outsLqnding contributiohs of £73 (2024- £21). Teachei's, Pension Scheine Th¢ Tea¢liers' Pension Scheme {TPS or Scheme) is a statutory. unfiinded, defined benefit oc¢upational s¢h¢m¢. govemed by the Tea¢h¢rs' PEllsÈoT15 Regiilations 2010 (as aTnended), and the Tea¢hers' Pension Sclieme Regulations 2014 (as ainell(l¢d). Th¢se regiilations apply to teaLhers in schools and other educatioiial establishm¢nts, including a¢ad¢mics, in F.ngland Walcs that al'e matntained by local autliorities. Tn additioi), teachers tn many independent at)d voliintary- ided schools and tea¢h¢rs and lecturers in some establishments of further and l)igher education mty be eligible for membership. Membership is automatic for full-time teachers and lecturers and, from l January 2007, automatic too for te&chers and lectlli'ers in part-time employinent following appoinknent or a Change of contract. Teachers and lecturers are able to opt out of the TPS. rhe teachers, pension budgeting and valuation account Altlkough member5 may einployed by various bodies, their retirement and other pension benefits are set out in regulations made under the Superaiinuation Act (1972) and Public Service Pensions Act (2013) and are paid by public funds provided by Parliament. The TPS is an unfiinded sclieine 2nd members contribiite on a'pay as you go 'basis- contribiitions from members, along with those made by employers, are credited to the Exclieqiier under affangeftnents goyetned by the above Acts. The T28chets' Pensions Regulations 2010 require an annual account, rhe l ea¢hers' Pension Budgetiiig and Valiiation Account, to be kept of receipts and expenditure (iiicludÈng the cost of peTh5ion iiicreases). From l April 2001, the Account has been credited with a real rate ol return, which is ¢quivalent to assuming that the balance in th¢ A¢coLint 15 inv¢slEd in notional investments that prodiice that real rats of re¢urn. 21
CALDERDALE MUSIC LIMITED COMPANY LIMITED B Y GUARANTIE DETAILED STATEMENT OF FINANCIAL ACTtVlTIES (conl YEAR ENDED 31 AUGUST 2025 VALUATtON OF THE TEACHERS, PENSION SCHEME As a resuli of the latest scheme valuation ¢inployer contributions were increased in September 2019 froin a rate of 16.40/0 to 23.6%. Eniployers also pay a cl)arge equivaleiit to 0.080/Tr of p¢nsioDable salw cost5 to cover administration expenses. Tlie next valuation is expected to take ¢ffe¢t in 2023. A Copy of Ihe latest valuation report can be found by following this link to tlie Teacliei's, P¢nsion Sclienie website the Teachers, Pension Scheme website The pension cost paid to TPS in the period amounted to £39,346 (2024- £39,363 for a 17 mDnth period). Solieme cbanges In December 2018, the Court of Appeal held that tt'ansitional protection provisiolls Colltained in th¢ refomied judicial and firefighter pensioii sehemes, introduced as part of public sei'vice pension r¢fomis 2015> gave rise to direct age discrimination and were theittore unlawtLII. Th¢ Supreme Court. in a decision made in June 2019. reje¢ted the Goven)ment's applicatioii for permission to appeal the Coul* of Appeal's ruling and siibsequently referred the case to an EFnploymeiit Tribiinal to determine a remedy which will n¢¢d to be offered to those Inembers of the two schemes who were subject of the age disci'imination. Since then, ¢laims have also been lodged against tile main public service schemes including the TPS. The Departfflent has conceded ihose in line with the rest of the government. In JLily 2020 HM Treasury launched a 12-week public consultation which will provid¢ evidence to support the delivery of an appropriate remedy for the affected schem¢s. including TPS. A final remedy will be detennined once the results of the ¢onsultation are established. In December 2019, a rther legal cliallen(Fe was made agaanst the TPS relating to an identifi¢d equalities issue whereby male survivors of opposile-sex marriages and civil partnerships are treated less favourably than survivors in same-sex marriag¢s and Civil partn¢rship5. The Secretary of State for Education agr¢¢d not to defend the case. In June 2020, th¢ EMplOent Tribunal recorded its findings in respect of the claimant. DfE is Clirrently working to establish what changes are necessary to address thi5 discrimination. Any impact of these events will be taken into account when the next scheme valuation is implemented. Tliis is sch¢duled to be implernented in April 2023, based un April 2020 data. 22
CALDIRDALE MUSIC LIMITED COMPANY LIMITED BY GUARANTEE DETAILED STATEMEI NT OF FINANCIAL ACTIVITIES fcoiilinrigrf) YEAR ENDED 31 AUGUST 2025 20. ANALYSIS OF CHARITABLE FUTrIDS Unrestrided fund8 I Sept 2024 Incoine Expeiidiliire Tiwisfeis 31 Aug 2025 General filnds 306,779 590,293 (658.258) (31,695) 207,119 I ApTiI 2023 Income Expenditur¢ Transfei's 31 Aug 2024 Genernl funds 594,301 631,412 (865,534) (53.400) 306,779 Restricted funds I Sept 2024 Income Expendilure Transfers 31 Aug 2025 Fixed asset fund Arts Council England 58,707 60,721 328,410 (28.673) (361.665) (390.338) (1,560) 33,255 31.695 89,195 58.707 389,131 89,195 I ApTiI 2023 Income Expenditure Transfers 31 Aug 2024 Fixed asset fund Arts Council England 79,372 1,649 488,492 490,141 (17,821) (546,385) (564,206) (4,493) 57.893 58,707 53,400 58,707 The Restricted fix¢d asset fund represeTrits miisical instiuments and fixtures and fittings tranSfTed to Caiderdale Musi¢ Ltd from Calderdale MBC in 2015, a further £60,315 was acquired through Bradford MDC Capital Grant in 2025. both are stated les5 depreciation charges. Aits Council England is a grant towards th¢ costs of extending tlie delivery of Miisic edutIo1] hub activity. 23
CALDERDALE MUSIC LIMITED COIIIPANY LIMITED BY GUARANTEE DETAILED STATEMEYI T OF FINANCIAL ACTIVITIES (co,,,,,,,. YEIKR ENDED 31 AUGUST 2025 21. ANALYSIS OF NEI T ASSETS BETWEEN FUI¥IDS Uiirestticted Funds Restricted Total Fulld5 Funds 2025 Tangible fixed assets Current assets Crcditoi's le55 than l year Net assets 215.499 233.891 (242,271) 89,195 304,694 233,891 (242.271) 296a14 207,119 89.195 Unr¢strict¢d R¢stiicted Total Fund5 Funds Funds 2024 Tangible fixed assets Curreiit assets Creditots less than l year Net assets 298,549 245,741 (237.511) 306.779 58.707 357.256 245,741 (237,511) 365,486 58,707 22. AF4ALYSIS OF CHANGES IN NET DEBT I Sep 2024 Cash flows 31 Aug 2025 Cash at bank and in hand 154,037 (1,861) 152,176 23. OPERATING LEASE COMMrrMENTS The totsl fiiture minimum lease payments under non-callcellable operating leases are a5 follows-. 2025 2024 Not later thai) l year Later than l year and not lafrr than 5 years 87,202 14J,236 228,438 66.500 134,997 ?01,497 24. RELATED PARTIES There were no related paty transactions during thi5 year. 24