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 Rh￿hrn & 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 ReCI￿ltment challenges continue to aff￿t 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 Au￿7st 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. sllbj￿t 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. REsPONSIBIL￿IEs 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 S￿tion 145(5) 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¢ EMplO￿ent 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 tranSf￿Ted 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 edu￿tIo1] 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