Rtered charity nwnber: 1157016 Music and Theatre for All (a Charitable In¢orporated Organisation) Financial Ststements For the year ended 31 March 2024
Musie and Theatre for All (a Charitable Incorporated Organisation) CONTENTS Page Administrative infonnation Report of the trustees Indepen(knt examiner's report Statement of financial activities Balance sheet Notes to the financial statements 10
Music and Theatre for All (a Cbaritable Incorporated Organisation) ADI[NISTRATIvE JThFORMATION Trustees The Rt. Hon. Sir Richard Aikens (ChairnTan) Alexander Arn]strong Charlotte Ring Jill Palliser Claire Styles Stephen Well Charity ntmiber 1157016 Registered office 79 Algiers Road London SE13 7JD Independent examiner David Wheeler FCCA Cheeld Wheeler & Co Chartered Certified Accountants ' Redhill Chambers 2d High Street Redhill Surrey RHI IRJ Bankers Barclays Bank UK plc Market Place Leicester LE87 2BB
Music and Theatre for All (a Charitable Incorporated Organisation) REPORT OF THE TRUSTEES FOR THE YEAR II NDED 31 MARCH 2024 Th¢ trustees present their report together with the independently ¢xamined financial statements for the y¢ar ended 31 March 2024. Music and Theatr¢ for All is a charitable incorporated OTganisation (CIO) registered with the Charity Commission. Thc chatity nJ]mb&", principal addresses and details of professional advisors are included in the administrative infonnation on page 2. Constitution, objectives and Actlvities Music and Theatre foi. All is constituted under a trust decd datcd 12 May 2014. The charity's objects are, for the public benefiL to: i. Advance the education of thc public in thc appreciation of music and theatre 2. Advance public aw&eness of and promots participation in music and theatre Music and Theatr¢ for All have commissioned n¢w worK contributed to the fimding and production of liv¢ conc¢its, developed projects and run workshops for sGhool childr¢n and senior ¢itiz¢ns, pr0dlld film and audto recordings in line with its stated a2nLS and objectives. The trustees confinn that they hav¢ r¢ferred to the Charity C(Immission's general guidance on public benefit when r¢vi¢wing the Trust's aims and objectives and in planning future activities and setting the grant making poliGy for the year. The tte¢S consider that the Trust's activities are for the benefit of the publi¢ genally, Organlsational structure The cb&ity is nyanaged by the tnLSte¢s who are appointed by existing trust¢¢s. All trustees receiv¢ an induction pack containing the charity's key documents and attend at least one meeting a year. Tlll'oughout the year. thi$te¢s re1ve regular updates on th¢ activiti¢s of the charity, Trnstees are also strongly encowaged to visit the projects themselves. We started the year with 7 trnstees and welcomed two new board members, Ch'lOtte Rin8 and Jill Palliser, in Autumn 2023. A truste¢ and executive team 'Away Day. in Octob¢r 2023, facilitated by Susanna Eastbun4 provided an important opportiullty for team development. implVing governance. and for id¢ntifying ciitical n]ileston¢s in FA'S future. Lat¢ 2023 saw th¢ tenure of 3 invaIuable trustees. Ali¢c Kecns-soper, Jessica May and Diana whitehea come to a close, Open recruitrnellt for new iTustees was Ulldeitakell in Spring 2024 which attracted llunwLOUS high-quality candidates. Thomas Gutbrie. as artistic director. led the executiv¢ team in 23124. From Spring to Autumn 2023, wc benefitted from the services of funthaiser Cl3 S]0 who worked with the teanL incIuding fundraising and development Penny Jona& on numerous fundraising bids. Emma Harvey conlinu¢d to providc key executive admin support throu8h the yca. bcfore handing ovcr to thc team in Spring 2024. Kate Petty joined the team in Spiing 2023 to provide volunteet, sts'ategic communications support. The Lewisham Crcative Choruslurban Opa'a team of associate director ViGky Olusanya and company manager Miratida HunL continued to work with the artistic director to lead workshops and performances alongside a growing numba of local r¢sid¢nts and creativ¢ prof¢ssionals.
Music and Theatre for All (a Charitable Incorporated Organisation) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (cont'd) Achievements and performanee MTFA colltinued to make advanc in all aspects of its work in 2023-2024. The year started with two highty successful perforniartS of Stories We Tell Ourselves - intaweaving of MTFA Lewis1ll Creative Chorus, newly (kviwl son8 cycle with Schubert's Die schone Miillerin as part of our S¢hubert 200 projKt. The sellout perforn]ance at the state-of-therart World Heart Beat Academy was liv¢stre8med and gained ¢xc¢llent r¢views. On the sam¢ night, the production was brought to new audienc¢s in the heart of Lewisham at The Fellowship Inn. During th¢ summer, Arts Council England collfirnd fimding f the full perfoimance of the Lewisham Urball Op¢r4 Our Street. This new phase of LUO started in Autumn 2023, providing continuity and fiuth¢r development opportunities for the growing Lewisham Creative Chorus. Alongside developing Our Stt'èet. LCC worked with the artistic team during the auiwnn to develop th¢ir second Christmas Son& 'Change the Darkness to Light.. Autumn 2023 also saw a key milestone for the Schubert 209 project - the lavnch of Thom&8 Guthrie attd Barokksolist¢ne'y Schubert Die schOn¢ Mllllerin album on .the Rubi¢on Classics label. This included a sellout live-streame(L FA event held at Balham Bowls Club, fraturing the s¢cond peTfomrallce of LCC'S Stories We Tell Ourselves song ¢yol¢, which garn¢r¢d grt reviews from professionat lti¢S and audienc¢s. An offiGial album launch ev¢nt was held atthe headquarters of Presto Music in L¢amington Sp4 and the album itself was received with inttIonal alaIM and reached No. 12 in the UK Classical Cbaits. Meanwhile Hiv¢ discussions continu¢¢L with high lev¢1 m¢¢tin88 .with the Minister for the Arts Lord Parkinson followed by one with the Shadow Ministsr for the Arts, Lillian Greenwood. in Westtninster. Th¢ end of 2023 and the beginning of 2024 also saw discussions regarding INITFA'S use and development of the ¢ultUTal assets of The F¢llowship Inn continue with Phoenix Housing A&sociation and the cwi'ent leaseholders, Homeown Pubs Ltd. In early Spring 2024, MTFA wer¢ chosen to take part in The Big Give's inaugural Arts for Impact week to raise funds to support the perfornhe of Our Street. This la to a highly successful fimdraising week at the end of March, where thanks to incredible efforts by LCC participants and teanL and generous support for MTFA don(irs. £10,000 of match fundittg was unlocked and over £28,000 raised in total. The week thinat¢d in a Gala evening ¢vent at Tbe Fellowship Inn, present¢d by MTFA trustee Alexander ArnJstron& and featuring wfornJan¢¢s by LCC and Gwyn¢th Herbert. composernibr¢ttist of Our Slreel. Future plan8 MTFA continu¢s to work towards the first full perfomwice of Lewisbam's UrbaD OpeTa Our Street in July 2024 at Catford's iconic Broadway Theatre, developing the legacy ofthis proje¢t by securing fimds for thture projects for LCC. Future perforniances for our Schubert 200 project have been secure(L and work will commen¢¢ to raise fimds for the next phase of this projecL Obtaining regular core fimding ieinains a key priority to enable fvffFA to consolidate '0th and look to the future, as w¢ enter the 10 anniVerSY year of th¢ charity. Our annual ttustee 'away day. is planned for 9 ' Noveinber 2024. to take place at the Fellowship Inn in B¢Ilinghll.
Music and Theatre for All (a Charitable Incoryorated Organisation) REPORT OF THE TRUSTEII S FOR THE YEAR ENDED 31 MARCH 2024 (eont'd) FinAneRal reviejv Total income for the year amounted to £131.466 (2023 - £121.606). The tsustees, chaTitable activities of promoting and enhancing charitable work amOted to £129.349 (2023 - £105.412). This results in a wlus for the year of £2.117 (2023 - deficit of £16.194). The tnte¢s, policy is to retain a Icvel of reserv whidi will provide a stable base for its contilluing activities while at the same time ensurlng that fimds are not accumulated. Risk mAttageanent Tke t[Ste¢S have assessedthe major risksto whicb t&¢ chatity is exposed allditiparticular those r¢lating to the specific op¢rational areas of the charity and Ats finances. The tNstees believe that by ensuring controls exist over key financial systems and by examinillg the operational and business risks faced by th¢ charity. they have established effective systems to mitigate those risks. Tntee8 The following trnste¢s have h¢ld office dwing the year: The Rt. Hon. Sir Richard Aikens Alice Kee]-s0p¢r- to 4 December 2023 TH Jessica May- to 4 DeKember 2023 Jill Pallis¢r- gdppointed 4 tkc¢mb¢r 2023 th Charfott¢ Ring - appointed 4 D¢¢ember 2023 Alexander Arn]strong Paul Stsph¢n Weil Claire styles
Musl¢ Ydnd Theatre for All (a Chpdritable Incorporated Organisation) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (cont'd) Trustee8' re8poDsiblllties In relatiott to the finAncl21 statements The trustees are rcsponsibl¢ for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Account Standards (United Kingdom Gen¢rally Accepted Accounting Practice). Charity law r¢quir¢s the trustees to prepare finallcial statements for financial period which gives a true and fair view of the stats of affairs of th¢ charity and of the incomingTesources and application of resourc. including the income and expenditure of the charAtsbl¢ organisation for that period. In preparing these financial st&t¢ments. the trustees 8re required to". Select suitablc accounting po]icies and then apply them consistently. Observe the methods and principles in the Statement of Reconrnded Practice (Accouttting alld Reporting by ChaTities - the Charities SORP). Make judgements and estimates that are reaso]ble and prndent. State whether applicable United Kingdom Accounting stands hav¢ been followed subject to any materi81 departures disclosed knd explained in the fmclaI statements: Prq)ar¢ th¢ financial statenmits on the going Gonc¢rn basis unless it is itiappropriat¢ to presume that the charity will continue in business. Th¢ trustees are responsibl¢ for ke¢ping piDper accounting records that ar¢ sllffi¢ient to show and explain the charitabl¢ organisation's transactions and disclose with r¢asonabl¢ accuracy at any time the financÉal position of the charitable organisation and to enable them to ensure that the fmancial statements comply with th¢ Charities ACL They are also responsible for safeguarding the ass¢ts of the harAtabl¢ company and hence for taknng r¢&80nable steps foi. the prevention and (letection of fraud attd other ntularlties. The RL Hon. Sir Richard Aikens Trustee
Music and Theatre for All (a Charitable Incorporated Organisation) INDEPENDENT EXAMINER'S REPORT I ieport to th¢ trustees OTr my examination of the a)UntS of Music and Theatr¢ for All ("the Trnst") for the year ended 31 MCh 2024 ou pages 7 to I l. Responsibilitie$ And basis of report As the charitys trustees. you are responsible for the preparation of the accounts in accordance with the requireincnts of the Charities Act 2011 ("the Act"). I report in rcspect of my examination of the Trnst's accowits carried out under section 145 of the 2011 Act and in rying out my <amination, I have followed all the applicable DiTections given by thc Charity Con]mission under section 145(5)(b) of the Act. Independent ¢xamiDer's Statement I have completed my e4Mon. I confirni that no material matters hav¢ come to my attention in connection with the ewamination which gives me Cau to believe that in, any D]aterial respect: th¢ acwunting records were not kept in accordance with section 130 of the Charities Act. or th¢ accounts did not accord with the a¢counting records. or th¢ accounts did not wmply with the applicabl¢ requiiements con¢¢rning the fonn and content of accounts s¢t out in the Charities (Accounts and R¢poits) Regulations 2008 oth¢r than any Tequirement that the CoUnts give a 'ttv¢ and fair, view which is not a nydtter consideird as part of an independent examination. I hav¢ no concerns and hav¢ come across no other matt¢TS in connection with the ¢xaminatioll to which attention should be drawn ill this r¢port in order to enable a proper understanding of the accounts to be reached. LjL David Wheeler FCCA Date: Indepffldent einer Cheeld Wheeler & Co chart¢d Certified Accountants Re(ll]ill charnbs 2d High Str¢¢t Redhill Suttey RHII
Music and Theatre for All (a Charitable Incorporated Organlsation) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total fund8 2023 Total funds Unreslrieted funds Restricted funds Notej Income Donations and legacies Grants re¢eivable Ticket sales 9.186 44,553 13.946 57,992 1760 23,132 102,545 1760 59.373 61.263 970 Total income 131466 121606 Expenditure on ChAiitable aetfvltiej Dire¢t ¢osts Support costs Total expenditure 24,469 87,409 111,878 83,034 41,940 129 349 105 412 Net (expendithreyincome and net movement ift funds for the ye*r 14,828 (11711) 1117 16,194 Brought forward l April 2023 (24.521) 50,692 26.171 9,977 Balanee Cydrtied fonvard v4t 31 MArch 2024 9ffj93 37,981 28,288 2&171 There are no recognised gains or losses Oth than those passing through th¢ statement of fjnanGial activiti¢4 which h&8 bcen prepar¢d on the basis that all operation5 arc continuing operations. The notes on pages 10 to 13 form part ofthese financial statements.
Music and Theatre for All (a Charitable Ineorporated Orginisation) BALANCE SHEET AS AT 31 Trt4RCH 2024 2024 2023 Not Current a&gets Cash at bank and in hand Totsl current assets 33,346 55,007 Creditors: xmounts falling du¢ Ivithin one year 5.058 28,836 Net current assets 28,288 Net a88ets 28,288 £2 The tsnds of the charity Unreltrict¢d funds RestriGt¢d fiwds Total charity funds (9,693) (24,521) 50.692 £26 171 The notes on pages 10 to 13 fonn part of these financial stat¢m¢nts. Appoved by the trustees for issue on and signed on their behalf by: The Rt. Hon. Sir Richard Aikens Tnce chty registration numbo.: 1157016
Musie and Theatre for All (a Charitable Incorporated Organisation) NOTES TO THE FINANCIAL sTATETrNTS FOR THE YEAR ENDED 31 MARCH 2024 l. Accounting policies A summary of the principal accounting policies adopted. judgements and key sources of estimation uncertainty in the pi'eparation of th¢ accounts ar¢ laid out below. l. l Basis of preparation These financial statem¢nts have bccn piepared for the year ended 31 Ma'ch 2024. These financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant aGGounling policies below or the notes to thesc accounts. The accounts have been prepared in accoidance with Accounting and Rcporting by Chariti¢s: Statement of Rccon)mended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable ill the United Kingdom and R¢publiG of Ireland (FRS 102) (Chariti¢s SORP FRS 102) th¢ Financial Reporting Standard applicabl¢ in th¢ United Kingdom alld Republi¢ of Ireland (FRS 102) and the Chaities knt 2011. The charity constitutes a publiG benefit entity as d¢fiued by FRS 102. Th¢ accounts ar¢ presented in sterling and are round¢d to the nearest pound. 1.2 crIti aecounling estimates And area$ of judgement Preparation of th¢ accounts requi$ the trustees and management to m8k¢ si8nifi¢ant judgements aod estimates. The items in the accounts where these judgements and estimatss have been made include: Estirnating the liability foi. accrnals 1.3. knessmellt of going eon¢ern The trustees have assessed wh'ether the use of the going concern assumption is appropriate in preparing these accounts. The tNst¢es have made this assessment in respect of a period of one y¢ar from the date of approval of these accounts. Th¢ trustees have a reasonable ¢xp¢clation that the charity has adequate resourG¢s to coniinue in operational existence for thc foreseeable future. Th¢ tharity therefore continues to adopt the going concernknis in preparing its fmancial statemettts. 1.4 Income Grants and donations receivable are accounted for as soon &g their amount 2nd receipt are reasonably certain. Ill the c&8c of unsolicited donations, they are usually only accounted for when received. All other income is accounted for Ullder the accruals basis. 10
Music and Theatre for All (A Charitsble Incorporated Organiyation) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 1.5 Ei xpendituve All expenditur¢ is accounted for on an acowls basis and has been classified und&. headings that aggt¢gate all costs related to each catcgoiy. Costs of generating funds ¢xp¢nditUTe is detailed at note 3. and comprise5 the costs associated with ath'actin8 voluntary incomc and any fundraising events. CharitsbIe expenditure is detailed in note 3, and comprises those costs incurred by the charity in the delivety of its activities. It includes both costs that can be allocated directly to such activities and those costs of all indirect nature to support thein. 1.6 Related party tran8action8 Th¢r¢ were no related pty transactions duTill8 the year. 1.7 Cash at bank and in hand Cash at bank and in hand r¢pr¢s¢nts such a¢Gounts and instnunents that are available on demand or hav¢ a maturity of less than tbree months from the date of a¢quisitiOn, 1.8 Creditors and provisions Creditors and provisions are recognised when theie is an obligation at th¢ balan¢¢ sh¢¢t dat¢ as a result of a past event, it is probable that a transfer of ¢Gonomic benefit WIIE b¢ rquiiEd in s¢ttlem¢nt, and th¢ amount of the settlement can b¢ estimated reliably. Creditors and provisions aTe recOlSed at the amount the charity anticipates it will pay to settle the debt, They have been dis¢ount¢d to the present valu¢ of th¢ futhre cash payment wheir such discounting is iDaterial. 1.9 Accumulated funds Unrestricted fimds ar¢ donations and other income receivabl¢ for the objects of the charity without further specific conditions and are available as general fimds. 1.10 Taxation Music and Theatre for All is a registered charity and theAefore is not liable to income tax or coiporation tax derived from its charitsble activities. as it falls within the vlouS exemptions available to i'egistered charities. 2. Income 2024 2023 Donations and legacies Grants receivable Gift Aid Oth¢r, 23.132 102.545 3,029 53.479 61263 5,894 970 131466 11
Music and Theatre for All (a Charitable Incorporated Oi'ganisation) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDKD 31 MARCH 2024 3 Total expendlture Direet Cts Support Costs Total 2024 Total 2023 Ch&itable activities 111,878 17.471 129,349 105,412 2024 2023 Cbarltable activiti Direct cost8 Grants paid Personnel wsts Creativ¢ and production costs Funth?ising and promotion 25,406 32,244 30,330 23.878 111.878 25,738 28.062 83,034 Personnel costs present f¢¢s paid to indiv1th[S who ar¢ engaged by the charity on a fr¢¢laace basis. Grants w¢r¢ paid to Th¢ W¢ll Seed Fun(l an oiBanisatioll whith has similar objectives to Music and Theatre for All. 2024 2023 Support eosts Bookkeeping and admin support Examiner's f¢¢ Accountallcy Insuranc¢ IT services Sundry wenses 14.950 800 400 438 298 585 20,380 750 600 387 207 54 17.471 22,378 Creditors: amounts falling due within one year Accrued exp¢ns¢s Other creditors 2024 2023 5.058 14,099 14,737 28,836 12
Music and Theatre foi. All (a Charltable Incorporated Organiyatfion) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 5. Employees Thc chlty did not have any employees during the year (2022: nil). No tst¢¢ re1Ved any remun¢ration or was reimbursed any cxpcnses durjng the ye. or the previous y¢ar. 6 The thnds of the charity UnrtriCted Restrieted Total 2024 Cash at bank and in hand Creditors (4,635) 5.058 37,981 33.346 5,058 28.288 37.981 Movement in funds 1.4.2023 Net movement 31J.2024 Unr¢strict¢d funds 14,828 9.693 Restrict¢d funds.. SGhub¢rt 2000 Urban Opeia Hive 'Global Giving Foundation 22.486 28,565 (359) (12,373) (1,109) 300 471 10.113 27.456 (59) 471 50,692 Totsl 2,117 28,288 Income ExpendAture Net movement Unrestricted funds 56,768 41.940 14,828 Restrlcted funds Schubert 2000 Urban Op¢ra Hive Global Giving Foundation 10,770 37.751 300 25.877 (23,143) (38,860) (12.373) (1.109) 300 471 (25,406) 74.698 87,409 Total 129,349 13