2024-08-31-accounts

Report of the Trustees &

Financial Statements

Year ended 31 August 2024

Registered Charity Number: 1158146

CONTENTS

Report of the Trustees	Page 2
Certificate of the Independent Examiner	6
Financial Statements & Notes	8

----- Start of picture text -----
Page 1
----- End of picture text -----

www.chilternmusicacademy.org > “ z" a Registered charity number:1158146

Report of the Trustees Year Ended 31 August 2024

REPORT OF THE TRUSTEES

Year ended 31 August 2024	Year ended 31 August 2024
Charity Number 1158146
Address The Royal Grammar School Amersham Road High Wycombe Bucks. HP13 6QT
Trustees Mrs Julia Bentley-Dawkes Mr Andrew Connolly Mr Amir Jafri Mrs Alex King Mr Sam Laughton Mrs Hilary Nohavicka Ms Joanna Smart Ms Anne-Marie Southall Mr Cai Waverley -Hudson (appointed 3 June 2025) Mr Philip Wayne (resigned 14 September 2023)
Governing Document 6thJuly 2014: Chiltern Music Academy (CMA) is a Charitable Incorporated Organisation whose only voting members are its charity trustees.
Trustee appointments Original trustees were appointed by the parent body to serve for two, three or four years. Subsequently they have been appointed by the existing trustees with an expected term of office of three years. Trustees can be re-elected at the end of their term. The Chair is elected by the trustees.
Reserves The Trustees aim to hold sufficient funds to cover one term’s outgoings. Funds are still slightly higher than usual this year as a result of the COVID pandemic as funds held for recovery or projects that needed to be put on hold have not yet all been used. It is expected that these excess funds will be used over the next couple of years. Designated funds are held to cover one term’s outgoings. Restricted funds include grants or donations for specified purposes – for example grants for orchestral development, for community projects such as Sing & String, and to encourage the uptake of rarer instruments.
Funds held as a custodial trustee	There are no funds held as a custodial trustee.

, Page 2 z .will www.chilternmusicacademy.org - r ” P ry /sé Registered charity number:1158146

Report of the Trustees Year Ended 31 August 2024

Investments Investments are limited to funds held in the bank and the interest this can accrue.	Investments Investments are limited to funds held in the bank and the interest this can accrue.
Principal funding sources Membership is our principal funding source, supported by donations and successful grant applications in support of our activities.
Public benefit The trustees of CMA confirm that we have complied with our duty to have due regard to the guidance on public benefit in exercising our powers and duties as published by the Charity Commission.
Day to day management Management of activities in 2023-24 was delegated to the Principal.
Other relevant organisations Metro Bank, High Wycombe CAF Bank Co-operative Bank Virgin Independent Examiner – Katharine Parkin
Organisational structure Trustees make decisions regarding any financial expenditure in excess of £1000. Expenditure below this is delegated to the Principal and Business Manager. The Principal delegates duties to ensemble leaders who work on a freelance basis. Some leadership work, particularly in the development of new opportunities and concert organisation, is delegated to ensemble leaders. CMA is not affiliated under an umbrella group. CMA has no subsidiaries. It collaborates with other charitable music organisations such as Garsington Opera and Music for Youth.
Policies and procedures CMA has an Anti-Bribery and Corruption Policy, a Bursary Policy, a Child Protection Policy, an Equality and Diversity Policy, a Health and Safety Policy and a sustainability policy, all published on the website. CMA trustees hold enhanced DBS certificates. Multiple trustees are trained in Child Protection, Safer recruitment and Prevent. The Child Protection Policy is circulated to all staff every September. CMA receive regular safeguarding updates through various trustees. There are no policies in place for the induction and training of trustees. Some trustees are trustees or governors of other organisations and have received training through them.
Risks	The Trustees review all major risks to which the charity is exposed. These are reviewed in Trustee meetings, held at least termly, and systems and procedures are in place to manage those risks

Page 3 fr

www.chilternmusicacademy.org Registered charity number:1158146 >

Report of the Trustees Year Ended 31 August 2024

Objects of the charity To advance the musical education of children and young people, including but not limited to the provision of orchestras, choirs and other ensembles so that they can rehearse and perform to the public; and to advance, improve and maintain public education in, and appreciation of, music through the presentation of public concerts or in other ways as decided by the trustees. The Trustees have paid due regard to the Charity Commission’s guidance when considering CMA’s activities.	Objects of the charity To advance the musical education of children and young people, including but not limited to the provision of orchestras, choirs and other ensembles so that they can rehearse and perform to the public; and to advance, improve and maintain public education in, and appreciation of, music through the presentation of public concerts or in other ways as decided by the trustees. The Trustees have paid due regard to the Charity Commission’s guidance when considering CMA’s activities.
Objectives and activities CMA sets out to give all students, irrespective of their background, the opportunity to play and perform with passion. Our objective is to ensure the highest quality of music experience delivered in a positive and supportive atmosphere. CMA was set up to provide music ensemble, orchestral and choral opportunities. All students have the chance to play their chosen instruments with others and therefore extend their playing experiences and stretch their abilities so that they can fulfil their potential. Instruments are loaned to students where required, and at a subsidised rate to support families as appropriate.
Specific objectives for the year ending August 2024	Continue to rebuild the student numbers, including looking at expanding provision to younger age groups and expanding offerings on a Tuesday. Celebrate CMA’s 10 Year Anniversary To look to enter national festivals where appropriate to provide excellent musical opportunities. Continue to increase musical opportunities for children of low income families.

Page 4

www.chilternmusicacademy.org Registered charity number:1158146

Report of the Trustees Year Ended 31 August 2024

Review of charitable activities undertaken and achievements for the year ending August 2024 Throughout the year, CMA continued to provide weekly music-making activities for more than 400 children and young people aged 3-19. This year saw the charity recover fully from pandemic constraints and begin to broaden the curriculum. A new class was introduced for children aged 3-4. 45 children started their instrumental journey on our Find Your Forte program, designed to make starting an instrument accessible for children from poorer backgrounds. Symphony Orchestra gave a magnificent performance at the Music for Youth Proms in the Royal Albert Hall in November, and Concert Band excelled in the National Concert Band Festival, earning a Platinum award in both November (Regional Festival) and May (National Festival). The Senior String quartet were invited to perform to dignitaries at Chequers in March and 79 of our younger students went on tour to the Isle of Wight in May. Chiltern Music Academy celebrated ten years of music making in 2024, and the usual concert schedule was reimagined to allow for anniversary events which demonstrated how far CMA has come since launch in 2014. All members performed at the Wycombe Swan in May including 280 young instrumentalists who performed together in celebration of The Living Earth. Fundraising successes underpinned fundamental outreach activities, enabling the organisation to plan for growth. Outreach into schools was intensified with the expansion of Sing and String - 180 year 2 and 3 children who may not ordinarily have the chance learned violin for a term. Schools were also invited to join CMA at the ‘Big Noise’ in October and a Film Party for younger children ran alongside our Film Music Concert.	Review of charitable activities undertaken and achievements for the year ending August 2024 Throughout the year, CMA continued to provide weekly music-making activities for more than 400 children and young people aged 3-19. This year saw the charity recover fully from pandemic constraints and begin to broaden the curriculum. A new class was introduced for children aged 3-4. 45 children started their instrumental journey on our Find Your Forte program, designed to make starting an instrument accessible for children from poorer backgrounds. Symphony Orchestra gave a magnificent performance at the Music for Youth Proms in the Royal Albert Hall in November, and Concert Band excelled in the National Concert Band Festival, earning a Platinum award in both November (Regional Festival) and May (National Festival). The Senior String quartet were invited to perform to dignitaries at Chequers in March and 79 of our younger students went on tour to the Isle of Wight in May. Chiltern Music Academy celebrated ten years of music making in 2024, and the usual concert schedule was reimagined to allow for anniversary events which demonstrated how far CMA has come since launch in 2014. All members performed at the Wycombe Swan in May including 280 young instrumentalists who performed together in celebration of The Living Earth. Fundraising successes underpinned fundamental outreach activities, enabling the organisation to plan for growth. Outreach into schools was intensified with the expansion of Sing and String - 180 year 2 and 3 children who may not ordinarily have the chance learned violin for a term. Schools were also invited to join CMA at the ‘Big Noise’ in October and a Film Party for younger children ran alongside our Film Music Concert.
Financial Review Membership continued to grow and generous donations have helped us to continue offering our full program. Whilst our costs have increased by expanding the hours that the administration team are paid for to better reflect their work, this was planned and funds had previously been set aside to cover these expected additional costs. At the end of the year, 31 August 2024, the funds carried forward were £251,751 of which £85,036 were general unrestricted and £70,000 are designated for future costs and reserves, the remainder are restricted.
Volunteers	Parents, friends and relatives of CMA members raise money through the operation of a social venue for other parents to have a coffee and a chat, they raise money during concerts by selling tickets and providing interval snacks. Volunteers also provide invaluable support for the musical activities and the administration and leadership of CMA. The Trustees are as ever, extremely grateful to all volunteers who help run CMA.

www.chilternmusicacademy.org Registered charity number:1158146

Page 5

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to tho trustees Chiltem Music Academy On accounts for the year ended 3110812024 Charlty no (If any) 1158146 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trust") for Ihe year ended 3110812024. Responslbllltles and basls of report As the charityls trustees. you are responsible for the p￿paratIOn of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the Act. Independent The charity's gross income exceeded £250,000 and l am qualified to examlnerfs ststement undertake the examination by being a qualified member of The Institute of Chartered Accountants of s￿)tland (ICAS). I have completed my examination. I confirm that no material matters have come to my attention In connection with the examination (other than that disclosed below") which gNes me cause to believe that in. any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records: or the accounts did not comply with the applicable requirements concernlng the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no conc8ms and have come across no other matters in connection with the examinats'on to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Slgned: Date: 13 I￿LS Name: Katharine Parkin Relevant profe351onal quallficatlon(s) or body (If any): Instrtute of Chartered Accountants of Scotland (ICAS) IER Oct 2018

Address: Ladymead Bassetsbury Lane, High Wycombe HP11 1QU Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directs'ons and guidance for examiners). Glvo here brlef detalls of any ltsms that tho examlner wlshes to dlsclose. IER Oct 2018

Financial Statements Year Ended 31 August 2024

FINANCIAL STATEMENTS & NOTES

Gy CHARITYCOMMISSION FOR ENGLAND AND WALES		Period start date	01/09/2023 To Chiltern Music Academy Annual accounts for the period	01/09/2023 To Chiltern Music Academy Annual accounts for the period	01/09/2023 To Chiltern Music Academy Annual accounts for the period		1158146 31/08/2024
Section A Statement of financial activities	Section A Statement of financial activities	Section A Statement of financial activities			Section A Statement of financial activities
Recommended categories by			Unrestricted	Unrestricted Designated	Restricted income	Restricted		Prior year
activity Incoming resources (Note 3)			funds £	Funds £	funds £		Total funds £	funds £
Income and endowments from:
Donations and legacies			157,196		70,882		228,078	152,004
Charitable activities			73,189			-	73,189	105,242
Other trading activities			11,115			-	11,115	6,401
Investments			1,446			-	1,446	549
Separate material item of income			-			-	-	-
Other			-			-	-	-
Total			242,947		70,882		313,829	264,196
Resources expended (Note 6)
Expenditure on:
Raising funds			29,495			-	29,495	11,587
Charitable activities			144,830	33,982	21,420		200,232	208,436
Separate material item of expense			-			-	-	-
Other			-			-	-	-
Total			174,325	33,982	21,420		229,727	220,023
Net income/(expenditure) before investment		Net income/(expenditure) before investment
gains/(losses)			68,622	(33,982)	49,462		84,102	44,172
Net gains/(losses) on investments			-			-	-	-
Net income/(expenditure)			68,622	(33,982)	49,462		84,102	44,172
Extraordinary items			-			-	-	-
Transfers between funds			(11,982)	11,982		-	-	-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use		Gains and losses on revaluation of fixed assets for the charity’s own use	- Gains and losses on revaluation of fixed assets for the charity’s own use			-	-	-
Other gains/(losses)			-			-	-	-
Net movement in funds			56,640	(22,000)	49,462		84,102	44,172
Reconciliation of funds:
Total funds brought forward			28,396	92,000	47,253		167,649	123,477
Total funds carried forward			85,036	70,000	96,714		251,751	167,649

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements

Year Ended 31 August 2024

~~ee~~ Section B Balance sheet

				Restricted
	Unrestricted	Unrestricted	Designated	income		Total this	Total last
	funds		Funds	funds		year	year
	£		£	£		£	£
Fixed assets
Intangible assets (Note 15)	-			-		-	-
Tangible assets (Note 14)	2,160			-		2,160	-
Heritage assets (Note 16)	-			-		-	-
Investments (Note 17)	-			-		-	-
Total fixed assets	2,160			-		2,160	-
Current assets
Stocks (Note 18)	1,479			-		1,479	-
Debtors (Note 19)	710			-		710	100
Investments (Note 17.4)	-			-		-	-
Cash at bank and in hand (Note 24)	107,094		70,000	96,713		273,807	174,644
Total current assets	109,283		70,000	96,713		275,996	174,744
Creditors: amounts falling due within one year (Note 20)	26,406 -		ot					26,406
Net current assets/(liabilities)	82,877		70,000	96,713		249,590	167,648
Total assets less current liabilities	85,037		70,000	96,713		251,750	167,648
Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity	- - - - - - - - 85,037 70,000 96,713 251,750 167,648	}		_	~~a~~ ee ee ee
Endowment funds (Note 27)	-					-	-
Restricted income funds (Note 27)				96,713		96,713	47,252
Designated Funds (Note 21)			70,000			70,000	92,000
Unrestricted funds	85,037					85,037	28,396
Revaluation reserve						-	-
Total funds	85,037		70,000	96,713		251,750	167,648
Signed by one or two trustees on behalf of all the trustees Date of approval dd/mm/yyyy 23/06/2025 23/06/2025 Sam Laughton Jo Smart Print Name Signature ~~ee~~ sien [	a7 ae
						www.chilternmusicacademy.org
						Registered charity number:1158146

Signed by one or two trustees on behalf of all the trustees

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

----- Start of picture text -----
the Statement of Recommended Practice: Accounting and Reporting by Charities
• and with  preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with  the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102)
• and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by 
FRS 102.
----- End of picture text -----*

• -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support	The Trustees consider that the charity has sufficient
the conclusion that the charity is a going	resources to continue its' activites for the forseeable future.
concern;
Disclosure of any uncertainties that make the	Not applicable
going concern assumption doubtful;
Where accounts are not prepared on a going	Not applicable
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in notes 1 and 2.

Yes No		* -Tick as appropriate

Please disclose:

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

----- Start of picture text -----
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; Not applicable
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP. Not applicable
----- End of picture text -----

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes* 
No*	* -Tick as appropriate
Please disclose:
(i) the nature of any changes;		Not Applicable
(ii) the effect of the change on income and expense or assets and liabilities for the current period; and		Not Applicable
(iii) where practicable, the effect of the change in one or
more future periods.
		Not Applicable

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

----- Start of picture text -----
Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of the prior period error; Not Applicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
Not Applicable
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.
Not Applicable
----- End of picture text -----*

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change in accounting policy

Reconcilation of funds per previous GAAP to funds determined under FRS 102

Start of End of period period £ £

Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102 End of £ Net income/(expenditure) as previously stated Adjustments: Previous period net income/(expenditure) as restated

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

----- Start of picture text -----
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a
different or additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and Yes No N/a
 the monetary value can be measured with sufficient reliability. 
Yes No N/a
There has been no offsetting of assets and liabilities, or income and expenses, unless required
Offsetting or permitted by the FRS 102 SORP or FRS 102. 
Yes No N/a
Grants and donations are only included in the SoFA when the general income
Grants and donations recognition criteria are met (5.10 to 5.12 FRS102 SORP). 
In the case of performance related grants, income must only be recognised to the extent Yes No N/a
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP). 
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has Yes No N/a
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the 
charity or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period

Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift Yes No N/a
donations and gifts and is treated as an addition to the same fund as the initial donation unless the donor or 
the terms of the appeal have specified otherwise.
Yes No N/a
Contractual income and This is only included in the SoFA once the charity has provided the related goods or
performance related services or met the performance related conditions. 
grants
Yes No N/a
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods
exchanged) unless impractical to do so. 
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
Yes No N/a
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised 
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
Yes No N/a
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading 
activities'.
Yes No N/a
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable. 
Yes No N/a
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable. 
Yes No N/a
Donated services and Donated services and facilities are included in the SOFA when received at the value of
facilities the gift to the charity provided the value of the gift can be measured reliably. 
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA. 
----- End of picture text -----

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

2.4 ASSETS Intangible fixed assets Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. Support costs The charity has incurred expenditure on support costs. Volunteer help These are capitalised if they can be used for more than one year, and cost at least The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  £750 Yes No N/a  Yes No N/a  Yes No N/a 

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

----- Start of picture text -----
Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, Yes No N/a
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation 
rates and methods used as disclosed in note 9.6.1.4.
Yes No N/a
They are valued at cost. 
Investments Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year Yes No N/a
end. The same treatment is applied to unlisted investments unless fair value cannot be 
measured reliably in which case it is measured at cost less impairment.
Yes No N/a
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments 
Yes No N/a
Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
progress realisable value. 
Yes No N/a
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock. 
Yes No N/a
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract. 
Debtors (including trade debtors and loans receivable) are measured on initial recognition at Yes No N/a
Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently,

they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and Yes No N/a
Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and
investments cash equivalents with a maturity date of less than one year held for investment purposes rather 
than to meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments. 
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
Donated goods held for resale are recognised at the time of sale
----- End of picture text -----

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 3 Analysis of income

----- Start of picture text -----
Restricted
Unrestricted income
funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 31,727 70,882 102,608 38,788
and legacies: Gift Aid 15,513 - 15,513 15,027
Legacies - - - -
General grants provided by government/other
charities - - -
Membership subscriptions and sponsorships
which are in substance donations 109,956 - 109,956 98,188
Donated goods, facilities and services - - - -
Other - - - -
Total 157,196 70,882 228,078 152,004
-
Charitable Concerts, Tours & Events
activities: 62,059 - 62,059 95,301
- - - -
- - - -
Other 11,131 - 11,131 9,941
Total 73,189 - 73,189 105,242
-
Other trading Tuck shop
activities: 9,334 - 9,334 6,401
Merchandise 1,781 - 1,781 -
- - - -
Other - - - -
Total 11,115 - 11,115 6,401
-
Income from Interest income 1,446 - 1,446 549
investments: Dividend income - - - -
Rental and leasing income - - - -
Other - - - -
Total 1,446 - 1,446 549
-
Separate - - - -
material item - - - -
of income: - - - -
- - - -
Total - - - -
Other: Conversion of endowment funds into income - - - -
Gain on disposal of a tangible fixed asset
held for charity's own use - - - -
Gain on disposal of a programme related
investment - - - -
Royalties from the exploitation of intellectual
property rights - - - -
Other - - - -
Total - - - -
-
TOTAL INCOME 242,947 70,882 313,829 264,196
Other information:
All income in the prior year was unrestricted except for: (please £27,267 in respect of the Find Your Forte programme, Sing &
provide description and amounts) String, Bursaries, Junior and orchestral activities
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Within the income items above the following items are material:
(please disclose the nature, amount and any prior year
amounts)
----- End of picture text -----

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1 Government grant 2 Government grant 3 Other Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income. Please give details of other forms of government assistance from which the charity has directly benefited.	This year Last year £ £ - - - - - - - - Total - - Description	This year Last year £ £ - - - - - - - - Total - - Description

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Use of property Other Seconded staff	Donated goods are recognised at point of sale None There are a number of unpaid volunteers assisting with the tuck shop, ensembles and various administrative processes	This year Last year £ £ - - - - - -
		- -
Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

----- Start of picture text -----
Restricted
Unrestricted income
funds funds Total funds Prior year
Analysis £ £
Expenditure on Incurred seeking donations - - - -
raising funds: Incurred seeking legacies - - - -
Incurred seeking grants - -
Operating membership schemes and
social lotteries 23,263 23,263 8,456
Staging fundraising events - -
Fundraising agents - -
Operating charity shops - -
Operating a trading company
undertaking non-charitable trading - -
activity
Advertising, marketing, direct mail and publicity - - - -
Start up costs incurred in generating
new source of future income - - - -
Database development costs - - - -
Other trading activities 6,232 6,232 3,131
Investment management costs: - - - -
Portfolio management costs - - - -
Cost of obtaining investment advice - - - -
Investment administration costs - - - -
Intellectual property licencing costs - - - -
Rent collection, property repairs and
maintenance charges - - - -
- - - -
Total expenditure on raising funds 29,495 - - 29,495 11,587
Expenditure on Rental and Ensemble Leaders 61,326 19,165 80,491 71,183
charitable Concerts, Tours & Events 50,227 - 50,227 85,757
activities
Salaries 28,747 33,982 - 62,729 42,445
Other 4,530 2,255 6,785 9,051
Total expenditure on charitable
activities 144,830 33,982 21,420 200,232 208,436
Separate material - - - -
item of expense - - - -
- - - -
- - - -
Total - - - -
Other -
- - - -
- - - -
- - - -
- - - -
- - - -
Total other expenditure - - - -
TOTAL EXPENDITURE 174,325 33,982 21,420 229,727 220,023
----- End of picture text -----

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Other information:

Analysis of expenditure on charitable activities

----- Start of picture text -----
Grant
Activity or Total this Total prior
Activities undertaken directly funding of
programme year year
activities
£ £ £ £
Activity 1
Activity 2
Other
Total
Prior year expenditure on charitable activities
can be analysed as follows:
Within the expenditure items above the
following items are material: (please disclose
the nature, amount and any prior year
amounts)
----- End of picture text -----

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary items Description	This year Last year £ £ - - - - - - - - - -
	- -

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

----- Start of picture text -----
Amount received Amount paid out Balance held at period end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
----- End of picture text -----

8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.

Description/name	of	party		Balance	held at period end	held at period end	held at period end	held at period end
				This year			Last year
				£			£
					-			-
					-			-
					-			-
					-			-
					-			-
			Total		-			-

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

----- Start of picture text -----
Charitable Basis of
Raising funds Activities Activity 2 Activity 3 Grand total allocation
Support cost (Describe
(examples) £ £ £ £ £ method)
Support Staff Costs 20,961 65,079 - 86,040 Time spent
20,961 65,079 - 86,040
Total
----- End of picture text -----

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year Last year £ £ None None None None None None None None

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

11.1 Staff Costs
		This year			Last year
		£				£
Salaries and wages			40,058				27,621
Social security costs				-				-
Pension costs (defined contribution scheme)				2,020				949
Other employee benefits				-				-
	Total staff costs		42,078				28,571
Please provide details of expenditure on staff working for the			Not Applicable
charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

please enter 'true' in the box provided.	please enter 'true' in the box provided.
No employees received employee benefits (excluding employer
pension costs) for the reporting period of more than £60,000			TRUE
Band		Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999

11.2 Average head count in the year Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity The parts of the charity in which the employees work	This year Last year Number Number Fundraising - - Charitable Activities 1 - Governance - - Other - - Total1 -	This year Last year Number Number - - 1 - - - - -

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

11.3 Ex-gratia payments to employees and others (excluding trustees)

Please complete if an ex-gratia payment is made.

Please explain the nature of the None t Please state the legal authority or reason for making the payment Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment The nature of the payment (cash, asset etc.) The extent of redundancy funding at the balance sheet date Please state the accounting policy for any redundancy or termination payments

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in 2,020 the SOFA as an expense Please explain the basis for allocating All from charitable activites designated funds the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (included in cost of charitable activities)

----- Start of picture text -----
Grants to Grants to
Analysis institutions individuals Support costs Total
Activity or project 1 £ £
Activity or project 2 - -
Activity or project 3 - -
Activity or project 4 - [ - ]
Total - - - -
----- End of picture text -----

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

Yes No TOTAL GRANTS PAID Other unanalysed grants Total grants to institutions in reporting period Purpose Names of institution My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site.	Please provide details of charity's URL. Provide details below Total amount of grants paid £ - - - - - - - - - -
	-
	- -

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

----- Start of picture text -----
Freehold land Other land & Plant, Fixtures, Total
& buildings buildings machinery fittings and
and motor equipment
vehicles
£ £ £ £ £
At the beginning of - - - 32,349 32,349
the year
Additions - - - 2,880 2,880
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - 35,229 35,229
14.2 Depreciation and impairments
Basis SL SL SL SL Straight Line
("SL") or
Reducing
Balance
("RB")
Rate 25%
At beginning of the - - - 32,349 32,349
year
Disposals - - - - -
Depreciation - - - 720 720
Impairment - - - - -
Transfers - - - - -
At end of the year - - - 33,069 33,069
14.3 Net book value
Net book value at the
beginning of the year - - - - -
Net book value at the
- - - 2,160 2,160
end of the year
----- End of picture text -----*

14.4 Impairment

Not applicable

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

14.5 Revaluation

If an accounting policy of revaluation is adopted, please provide:

14.6 Other disclosures (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities. the name of independent valuer, if applicable the carrying amount that would have been recognised had the assets been carried under the cost model. (i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. the methods applied and significant assumptions the effective date of the revaluation

None Not applicable None None

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts

Note 15 Intangible assets

Please complete this note if the charity has any intangible assets

15.1 Cost or valuation

			Research & development £	Research & development £	Patents and trademarks £	Other £	Total £
At beginning of	the			-	-	-	-
year
Additions				-	-	-	-
Disposals				-	-	-	-
Revaluations				-	-	-	-
Transfers *				-	-	-	-
At end of the year				-	-	-	-
15.2 Amortisation and			impairments
**Basis			SL or RB		SL or RB	SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
	** Rate
At beginning of	the			-	-	-	-
year
Disposals				-	-	-	-
Amortisation				-	-	-	-
Impairment				-	-	-	-
Transfers*				-	-	-	-
At end of year				-	-	-	-
15.3 Net book	value
Nat book value	at the			-	-	-	-
beginning of the year
Net book value	at the			-	-	-	-
end of the year

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including:

Reasons for choosing amortisation rates Policies for the recognition of any capital development

15.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

15.6 Revaluation If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable the methods applied the carrying amount that would have been recognised had the assets been carried under the cost model. 15.7 Other disclosures (i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset. (ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities. (iii) Please provide the amount of contractual commitments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included. (vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual d d i

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 16 Heritage assets Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets. At beginning of the year Additions Disposals Revaluations Transfers At end of the year Basis* Rate At beginning of the year Disposals Depreciation Impairment Transfers At end of year Nat book value at the beginning of the year Net book value at the end of the year 16.5 Impairment Please provide a description of the ev led to the recognition or reversal of an 16.3 Depreciation and impairments 16.4 Net book value 16.2 Cost or valuation*	Heritage asset 1 Heritage asset 2 £ £ - - - - - - - - - -	Heritage asset 3 Heritage asset 4 Total £ £ £ - - - - - - - - - - - - - - - - - - Straight Line ("SL") or Reducing Balance - - - - - - - - - - - - - - - - - - - - - - - -
	- -
	- - - - - - - - - -
	- -
	- - - -
	ents and circumstances that impairment loss.

16.6 Revaluation If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

Carrying amount at the beginning of the period Additions Disposals Depreciation/impairment Revaluation Carrying amount at the end of period	At valuation Group A At cost Group B Total £ £ £ - - - - - - - - - - - - - - -
	- - -

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets.

(iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.

16.9 Five year summary of heritage assets transactions

	2015 2014 2013 2012 2011 £ £ £ £ £
Purchases Group A Group B Group C Other Donations Group A Group B Group C Other Total additions Charge for impairment Group A Group B Group C Other Total charge for impairment Disposals Group A - carrying amount Group B - carrying amount Group C Other Total disposals	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Carrying (fair) value at beginning of period Add:additions to investments during period Less:disposals at carrying value Less: impairments Add: Reversal of impairments Add/(deduct):transfer in/(out) in the period Add/(deduct):*net gain/(loss) on revaluation Carrying (fair) value at end of year	Cash & cash equivalents Listed investments Investment properties Social investments Other Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	- - - - - -

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments Cash or cash equivalents Investment properties Other investments Total Social investments Grand total (Fair value at year end+Cost less impairment) Listed investments	- - - - - - Cost less impairment - - Fair value at year end £ - £ -
	- -

17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant Not applicable assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, Not applicable and relevant qualifications (iii) Provide details of any restrictions on the Not applicable ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the Not applicable purchase, construction or development of investment property or for repairs, maintenance or enhancements

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments Cash or cash equivalents Investment properties - Amount of concessionary loans received(Multiple loans received may be disclosed in aggregate provided that such aggregation does not obsure significant information). Description For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. None Not applicable Total 17.7 Additional information Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk. Amounts receivable after more than 1 year Amounts payable after more than 1 year Amounts receivable within 1 year Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge. - None None Las Description Terms and conditions eg interest rate, security provided Value of any concessionary loans which have been committed but not taken up at the reporting date Amounts payable within 1 year None £ - This year Social investments 17.5 Guarantees None None Not applicable Not applicable Listed investments - - Please provide details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees Please explain how the guarantee furthers the charity's aims 17.6 Concessionary loans Amount of concessionary loans made (Multiple loans made may be disclosed in aggregate provided that such aggregation does not obsure significant information ). Other investments Total - Total	- Las £ - This year - - -	This year £ Last year £ This year £ Last year £ t year £ - - - - - -
	-

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

For distribution For resale For distribution For resale £ £ £ £ £ Charitable activities: Opening - - - - - Added in period - - - - - Expensed in period - - - - - Impaired - - - - - Closing - - - - - Other trading activities: Opening - - - - - Added in period - 7,711 - - - Expensed in period - 6,232 - - - Impaired - - - - - Closing - 1,479 - - - Other: Opening - - - - - Added in period - - - - - Expensed in period - - - - - Impaired - - - - - Closing - - - - - Total this year - 1,479 - - - Total previous year - - - - - Work in progress None 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities Stock Donated goods	For distribution For resale For distribution For resale £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,711 - - - - 6,232 - - - - - - - - - 1,479 - - - - - - - - - - - - - - - - - - - - - - - - - - - - Work in progress Stock Donated goods	For distribution For resale For distribution For resale £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,711 - - - - 6,232 - - - - - - - - - 1,479 - - - - - - - - - - - - - - - - - - - - - - - - - - - - Work in progress Stock Donated goods	For distribution For resale For distribution For resale £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,711 - - - - 6,232 - - - - - - - - - 1,479 - - - - - - - - - - - - - - - - - - - - - - - - - - - - Work in progress Stock Donated goods
	-	1,479 - - -
		- None	- - -

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Please complete this note if the charity has any debtors or prepayments. Note 19 Debtors and prepayments
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year Last year £ £ 710 100.0 - - -
	710 100

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors Total	This year Last year £ £ - - - - - - - -
	- -

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

20.1 Analysis of creditors
Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	This year Last year This year Last year £ £ £ £ - - - - - - - - 94 4,537 - - - - - - 26,312 2,559 - - - - - - - - - - Amounts falling due within one year Amounts falling due after more than one year
	26,406 7,096 - -

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Please explain the reasons why income is deferred.	Please explain the reasons why income is deferred.	Please explain the reasons why income is deferred.
The deferred income is in respect of monies received ofr Czechia Tour in 2025 and fees paid in advance of the
year end for the Autumn 2024 term
Movement in deferred income account	This year	Last year
	£	£
Balance at the start of the reporting period	2,559	10,331
Amounts added in current period	26,312	2,559
Amounts released to income from previous periods	(2,559)	(10,331)
Balance at the end of the reporting period	26,312	2,559

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Please provide:

- a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments;

• an indication of the uncertainties about the amount or timing of those outflows; and

- the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.

21.2 Movements in recognised provisions and funding commitment during the period

Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period	This year Last year £ £ 92,000 60,350 11,982 60,221 (33,982) (28,571) - -
	70,000 92,000

21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).

21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.

The designated funds are held in respect of the Trustees reserve policy of holding 1 terms necessary outgoings as reserves. Additionally the Trustees recognised that 2023-24 would see a significant increase due to expected increase in staff costs and costs of 10 year celebrations

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.

Description of item including its legal nature. Please Estimate of financial effect describe any security provided in connection to the liability.

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:

Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement

Where it is not practical to make one or more of these disclosures, please state this fact

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year Last year £ £ - - - - 273,807 174,644 - -
	273,807 174,644

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

There is not considered to be any material credit risk arising from non payment by debtors. Currently cash at bank is at a level that is mainly covered by the Financial Services Deposit protection scheme, Cash is maintained at a sufficient level to ensure that any liquidity risk is minimised.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

None

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the event

Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE R or UR * Purpose and Restrictions brought Gains and carried
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
To fund outreach programmes and events 5,368 13,126 (5,986) 12,508
Outreach R such as Sing & String and the Big noise
To support specific programmes for
Programme Support R example orchestral, FYF 37,029 55,770 (13,179) 79,620
Instrument Funds R Funds towards purchase of instruments 2,180 1,250 (900) 2,530
Bursaries (including Trevor Steventon 2,676 736 (1,355) - - 2,056
Bursaries R Memorial Fund)
Designated UR 92,000 (33,982) 11,982 70,000
General UR 28,396 242,947 (174,325) (11,982) 85,036
Other funds N/a - -
Total Funds 167,649 313,829 (229,727) - - 251,751
----- End of picture text -----

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE R or UR * Purpose and Restrictions brought Gains and carried
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
To fund outreach programmes and events
Outreach R such as Sing & String and the Big noise 10,028 1,705 (6,366) - - 5,368
To support specific programmes for
Programme Support R example orchestral, FYF 32,486 21,000 (16,457) - - 37,029
Instrument Funds R Funds towards purchase of instruments 1,180 1,000 - - - 2,180
Bursaries (including Trevor Steventon
Bursaries R Memorial Fund) - 3,562 - 886 - - 2,676
Designated UR 0 60,350 - (28,571) 60,221 - 92,000
General UR 0 19,432 236,929 (167,744) - 60,221 - 28,396
Other funds N/a 0 - - - - - -
Total Funds 123,477 264,196 (220,023) - - 167,649
----- End of picture text -----

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

----- Start of picture text -----
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds
----- End of picture text -----

27.4 Designated funds

Planned	use					Purpose of the designation	Amount
Contingency		Reserves	held	in	line	with Trustees policy for contingency	£70,000

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

FALSE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

----- Start of picture text -----
Amounts paid or benefit value
This year Last year
Legal authority (eg Remuneration Pension Redundancy Other TOTAL
Name of trustee order, governing contribution (including
document) loss of
office)/ex
gratia
£ £ £ £
Alex King
----- End of picture text -----

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

Accommodation Other (please specify): Travel £ This year TOTAL No trustee expenses have been incurred (True or False) Type of expenses reimbursed Subsistence	Last year TRUE £

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

----- Start of picture text -----
There have been no related party transactions in the reporting period (True or False) FALSE
Amounts
written off
Name of the trustee Relationship Description of the Balance at Provision for bad debts
Amount during
or related party to charity transaction(s) period end at period end
reporting
period
£ £ £ £
Leading groups and
Wife of a
Kate Cockburn running CMA Sing & 1,876
Trustee
String programme
Leading groups and
Alex King Trustee 17,620
development manager
----- End of picture text -----

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

www.chilternmusicacademy.org Registered charity number:1158146

Financial Statements Year Ended 31 August 2024

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

www.chilternmusicacademy.org Registered charity number:1158146