## Report of the Trustees & ## Financial Statements Year ended 31 August 2025 **Registered Charity Number: 1158146** ## CONTENTS |Report of the Trustees
Certificate of the Independent Examiner
Financial Statements & Notes|Page
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www.chilternmusicacademy.org Registered charity number:1158146 Report of the Trustees Year Ended 31 August 2025 ## REPORT OF THE TRUSTEES **----- Start of picture text -----**
Year ended 31 August 2025
Charity Number 1158146
Address The Royal Grammar School
Amersham Road
High Wycombe
Bucks. HP13 6QT
Trustees Mrs Julia Bentley-Dawkes (resigned 16 March 2026)
Mr Andrew Connolly (resigned 31 December 2025)
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)
Governing 6 [th] July 2014: Chiltern Music Academy (CMA) is a Charitable Incorporated
Document Organisation whose only voting members are its charity trustees.
Trustee Original trustees were appointed by the parent body to serve for two, three or
appointments 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.
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 (Find Your
Forte).
Designated funds have been established to reflect the Trustees’ policy of
maintaining reserves sufficient to cover one term’s routine expenditure.
Unrestricted funds are purposely higher than normal as there are several
essential infrastructure projects required in 2026/27 which will decrease the
funds to a more normal level.
Funds held as a There are no funds held as a custodial trustee.
custodial trustee
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www.chilternmusicacademy.org Registered charity number:1158146 Page 2 Report of the Trustees Year Ended 31 August 2025 **----- Start of picture text -----**
Investments Investments are limited to funds held in the bank and the interest this can
accrue.
Principal funding Membership is our principal funding source, supported by donations and
sources 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 of activities in 2024-25 was delegated to the Principal.
management
Other relevant Metro Bank
organisations CAF Bank
Co-operative Bank
Virgin
Independent Examiner – Katharine Parkin
Organisational Trustees make decisions regarding any unexpected financial expenditure in
structure excess of £1000. Expenditure other than 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 CMA has an Anti-Bribery and Corruption Policy, a Bursary Policy, a Child
procedures Protection Policy, an Equality and Diversity Policy, a Health and Safety Policy
and a sustainability policy, all published on the website.
Where appropriate, 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
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Page 3 www.chilternmusicacademy.org Registered charity number:1158146 Report of the Trustees Year Ended 31 August 2025 |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 founded 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 2025|To develop and expand the Find Your Forte programme, following the
successful bid for grant funding for 3 years of the project.
To develop and expand outreach to local schools.
To compete in local and national festivals appropriate to our ensembles.
To undertake an international tour with our senior ensembles.| |Review of
charitable
activities
undertaken and
achievements for
the year ending
August 2025|Throughout the year, CMA continued to provide weekly music-making activities
for around 400 children and young people aged 3-19.
The Springers’ curriculum was reviewed, improving music foundation for the
very young at CMA. A ‘Springers Party’ brought 3-7 year olds up close to the
orchestra for an immersive musical experience.
Fundraising successes underpinned fundamental orchestral teaching at CMA,
enabling the organisation to plan for growth. 50 children started their
instrumental journey on our Find Your Forte program, designed to make
starting an instrument accessible for children from low income families.
Symphony Orchestra gave a magnificent performance at the Music for Youth
festival, making it through to the finals in Birmingham Symphony Hall. The
Senior Wind Quintet won first prize in the under 16’s class of the Maidenhead
Festival. A very successful senior tour to Czechia for 97 senior students rounded
off the year.
Outreach into schools was intensified with the continued expansion of Sing and
String - 180 year 2 and 3 children played violin for a term, providing hands-on
musical experience to children who may not otherwise have the opportunity to
learn.| Page 4 www.chilternmusicacademy.org Registered charity number:1158146 Report of the Trustees Year Ended 31 August 2025 ||Schools joined together in the ‘Big Noise’ super-sized orchestra and year 6
students came together for a ‘Sing Perform Inspire’ vocal workshop in October.
In January, a ‘Film Music From scratch’ workshop drew more experienced
instrumentalists from local schools.A CPD workshop was delivered for teachers,
to improve and develop their conducting and rehearsal management.| |---|---| |Financial Review|Membership continued to grow and generous donations have helped us to
continue offering an excellent programme of musical education and activities.
The Rothschild Foundation provided significant grant funding in support of the
Find Your Forte programme, enabling recruitment, resourcing and delivery for
three years. The grant also increased our bursary fund.
CMA were successful in the Carousel Buses ‘Brand a Bus’ competition, winning
marketing opportunities which will be accessed next year.
At the end of the year, 31 August 2025, the funds carried forward were
£308,314 of which £146,550 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.| Page 5 www.chilternmusicacademy.org Registered charity number:1158146 Independent examiner's report on the accounts Section A Independent Examlner's Report Report to the trustees Chlltem Music Ac8demy On accounts for th• year ended 3110812025 Char)ty no (If any) 1158146 Set out on pages I report lo the trustees on my 8xamination of the axounts of the above charity ('the Trust.) for the year end8d 3110812025. As the charlty's trusle8s, you are responsible for the preparation of the accounts in accordance wlth th8 requiremonts of the Charities Act 2011 (Ihe Acr). R•sponslbllltl•s and bas1• of r•port I report In respect of my examlnation of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examinalion, I have followed all the applicable Directions given by ihe Charity Commissh?n under section 145(5Mbl of the Acl. Independent The Charity's gross incom8 exceeded £250.000 and l am qualified to oxamlnorfs statement undertake the ex8mination by being a qualified member of The Institute of Chartered Accountants of Scotland (ICAS). I have completed rny examination. I confirm that no rnalerial matters have come to my 8tt8nts.on in connection with the examinats'on (other than that dlsdosed below ') whlch glves m8 cause to believe that In. any material respect.. accountlng records were not kept in accordance wilh sectlon 130 of th8 Charities Act,. or the accounts did not accord with th8 accounting records., or the accounts dld not comply wllh the appllcable requirements concemlng the form and Content of accounts set out in the Charitses (Accounts 8nd Reports) Regulations 2008 other than any requirement that the accounts give a 'true and falrf vlew vthlch Is not a matter consldered as part of an Independent 8X8min8tlon. I have no concerns and have come across no other matters in connection with the examlnatlon to whlch attention should be drawn in this report in order to enable a proper understsndlng of the accounts to be reached. Slgned: Dat•: Zts26 Nam•: Katharlne Pamn R•l•vant profomlonal quaimcafjon(8) or body (If any): Instltute of Chartered Accountants of S￿tland (ICAS) IER Oct 2018 Address: Ladymead Bassetsbury Lane, High Wycombe HP111QU Sectioii B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Glv• h•r• brlef detalls of any Items that the examlner wlshes to dlsclose. IER Oct 2018 Pintsn¢itsl Sioi•m&n Year Ended 31 August 2025 FINANCIAL STATEMENTS & NOTES CHARITY COMMISSION FOR ENGLANO AND WALES Chiltern Music Academ 1158146 Annual accounts for the period 0110912023 Period start date 3110812024 Section A Statement of financial activities Restricted Income funds R8commended categorles by aCtI￿ty UnrnstrSct8d DesSgnated fund¥ Fund¥ Prlor yoar funds Total fund$ Incoming resources {Note 3) Incomo and •ndowm•nts from: Donation8 and ltyficie Ch8ritabl& a¢ifvblle6 179,624 147,650 10.931 3,916 43.738 223.362 147,650 10,931 3,916 228.078 73.189 11,115 1,446 Other trading actiwib Inv8simèni& Sep8ro1• m8l•rlal Item ol Incom• Olh8r Total Resources exponded (Note 61 Expendltur• on.. R818ing funds Ch8rftable aclfvttle8 342.121 43.738 385.859 313,829 40.526 240.081 40.526 288,769 29.495 200,232 48,688 Separ818 m818rlal Item ol 8XP8IYaO Olh8r Total 280,607 48,688 329,295 229.727 Net Incomel{expendlturel batore Investment galnslllossasl 61.514 4.950 56,564 84,102 Nei gainslllosse81 on Invoelmern8 Net Incomel{expendltur•l ExtraordSnary iterns Transférs bètwèèn funds Other recognlsed galnslllossesl: 61.514 4,950 56,564 84,102 Gain8 8nd108S8s on rev4u81ion of nxed 888eAS fe*t￿￿￿rWs us Olh8r gainsllkssesl Net movement in funds 1,514 4,9501 56,564 Reconciliation of funds.. Total funds browhl loThvard 85.036 146,550 70,000 70,000 96,714 91.764 251,751 308.314 167,649 251,751 Total funds carrled fonvard wwwxhiherrwnu5icacadeffly.org Registered tharity number:l 158146 Fffiancittl Statements Yeac Endèd 31 AU9l￿ 2025 Section B Balance sheet Unre8trfct￿ OMIgn)t￿ Incom• Jnds Funds fvnds Tol•l th18 Totsl la•t Flxed assets Int•nglbl• assots Tanglblo a88•t• H•w5ta90 aB*gt• Investm￿ts {Nots 15) (Nol• 14) {Not• 16) (Note 171 5.75f 5.757 2.160 Current assets Stocks (Mot• 18) (Nots 19) Inv•sth)•nts (Not¢ 17A) Cash at bank and In hand (Nots 241 Tot•1 ¢uff•nt ass 729 729 1.479 710 ,678 275,996 Credllors: amounts faAlng du• wlthln ¢)n• ywr (Not• 20> 7,888 28,406 N•t ¢urrnnt•sSd￿(II•b1IItl•￿j Tot•1 ass•ts currnntH•blllll•s 13 Crodllor8: amounts falllng du• 4ft•r on• y•ar IN*X• 201 Pro¥l¥lons ￿ Ilabllltl•8 Tota1n•taS￿l• orll•blllll•s Funds of the Charlty Endowm•nt funds (Not• 27) R•8trlcted Incom• lund• INots 2n D•¥ign*tsd Fundi (Not• 211 Unr•strld•d funds Rovaluatlon 146.549 91,763 308.313 251.750 91.763 91,763 96.713 70.000 85,037 70,[￿70 146.550 146,550 Total ftmds gned by one or tru8te8B ￿ teheifofall thè tr￿1885 Date of 8pproval Signattjro Print Name ej Sam Lgughkn) Smart zr/61z wwwthihemwoJ5KucadErny.org Regknewd dK¢ilty *umbèr..I 158140 Financial Statements Year Ended 31 August 2025 ## **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: ||||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.*|||| * -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:**_ |Where accounts are not prepared on a going
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.
Disclosure of any uncertainties that make the
going concern assumption doubtful;
An explanation as to those factors that
support the conclusion that the charity is a
going concern;|**_Not applicable_**
**_The Trustees consider that the charity has sufficient_**
**_resources to continue its' activites for the forseeable future._**
**_Not applicable_**| |---|---| ## **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*
**_Please disclose:_**
Not applicable
Not applicable
Not applicable
* -Tick as appropriate
**_(i) the nature of the change in accounting policy;_**
**_(ii) the reasons why applying the new accounting policy_**
**_provides more reliable and more relevant information;_**
**_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._**||* -Tick as appropriate| |---|---|---| www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). **----- Start of picture text -----**
Yes* 
* -Tick as appropriate
No*
Please disclose:
(i) the nature of any changes; Not Applicable
(ii) the effect of the change on income and expense or
Not Applicable
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
Not Applicable
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## **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
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www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 2025 ## **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. 
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www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 |**2.4 ASSETS**
**Intangible fixed assets**
**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.
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.
**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.|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 2025 **----- 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
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www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 51,694 43,738 95,431 102,608
and legacies: Gift Aid 10,055 - 10,055 15,513
Legacies - - - -
General grants provided by government/other
charities - - -
Membership subscriptions and sponsorships
which are in substance donations 117,876 - 117,876 109,956
Donated goods, facilities and services - - - -
Other - - - -
Total 179,624 43,738 223,362 228,078
-
Charitable Concerts, Tours & Events
activities: 132,573 - 132,573 62,059
- - - -
- - - -
Other 15,076 - 15,076 11,131
Total 147,650 - 147,650 73,189
-
Other trading Tuck shop
activities: 10,682 - 10,682 9,334
Merchandise 250 - 250 1,781
- - - -
Other - - - -
Total 10,931 - 10,931 11,115
-
Income from Interest income 3,916 - 3,916 1,446
investments: Dividend income - - - -
Rental and leasing income - - - -
Other - - - -
Total 3,916 - 3,916 1,446
-
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 342,121 43,738 385,859 313,829
Other information:
All income in the prior year was unrestricted except for: (please
£70,882 largely in respect of outreach and programme support
provide description and amounts)
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 2025 ## **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 2025 ## **Section C Notes to the accounts (cont)** ## **Note 5 Donated goods, facilities and services** **Seconded staff Use of property Other** ||**This year**||**Last year**|| |---|---|---|---|---| ||**£**||**£**|| |||-||-| |||-||-| |||-||-| |||-||-| **Please provide details of the accounting policy for the recognition** Donated goods are recognised at point of sale **and valuation of donated goods, facilities and services. Please provide details of any unfulfilled conditions and other contingencies attaching to resources** None **from donated goods and services not recognised in income. Please give details of other forms of** There are a number of unpaid volunteers assisting with **other donated goods and services not** the tuck shop, ensembles and various administrative **recognised in the accounts, eg** processes **contribution of unpaid volunteers.** www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 25,489 25,489 23,263
Staging fundraising events - -
Fundraising agents - -
Operating charity shops - -
Operating a trading company
undertaking non-charitable trading - -
activity
Advertising, marketing, direct mail and 8,600 - 8,600 -
publicity
Start up costs incurred in generating
new source of future income - - - -
Database development costs - - - -
Other trading activities 6,437 6,437 6,232
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 40,526 - - 40,526 29,495
Expenditure on Rental and Ensemble Leaders 52,626 37,132 89,758 80,491
charitable Concerts, Tours & Events 127,094 - 127,094 50,227
activities
Salaries 56,347 - - 56,347 62,729
Other 4,015 11,556 15,571 6,785
Total expenditure on charitable activities 240,081 - 48,688 288,769 200,232
Separate material - - - -
item of expense - - - -
- - - -
- - - -
Total - - - -
Other -
- - - -
- - - -
- - - -
- - - -
- - - -
Total other expenditure - - - -
TOTAL EXPENDITURE 280,607 - 48,688 329,295 229,727
**----- End of picture text -----**
www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 2025 ## **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 2025 ## **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 - - - - - -
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
This year Last year
£ £
- -
- -
- -
- -
- -
Total - -
**----- End of picture text -----**
www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 29,815 61,497 91,312 Time spent
-
29,815 61,497 91,312
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 2025 ## **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 2025 ## **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**|||89,562||||40,058|| |**Social security costs**||||-||||-| |**Pension costs (defined contribution scheme)**||||1,750||||2,020| |**Other employee benefits**||||-||||-| ||**Total staff costs**||91,312||||42,078|| |||||||||| |**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.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** **----- Start of picture text -----**
TRUE
**----- End of picture text -----**
|**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**|| ||| ||| ||| **Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity** ## **11.2 Average head count in the year** **The parts of the charity in which the employees work** ||||**This year**
**Number**||**Last year**
**Number**| |---|---|---|---|---|---| ||**Fundraising**|||-|-| ||**Charitable Activities**|||2|1| ||**Governance**|||-|-| ||**Other**|||-|-| |||**Total**||2|1| www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 t** None **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 2025 ## **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 1,750 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 2025 ## **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** |**_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._**|**_Yes_**
**_Please provide_**
**_details of charity's_**
**_URL._**
**_No_**
**_Provide details_**
**_below_**| |---|---| |**_TOTAL GRANTS PAID_**
**Purpose**
**Names of institution**
**_Other unanalysed grants_**
**_Total grants to institutions in reporting period_**|**Total amount of**
**grants paid £**
-
-
-
-
-
-
-
-
-
-| |---|---| ||**-**| ||-
-| www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 and fittings and
motor vehicles equipment
£ £ £ £ £
At the beginning of - - -
35,229 35,229
the year
Additions - - -
5,756 5,756
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - -
40,985 40,985
14.2 Depreciation and impairments
**Basis SL SL SL SL Straight Line
("SL") or
Reducing
Balance
("RB")
** Rate 25%
At beginning of the - - -
33,069 33,069
year
Disposals - - - - -
Depreciation - - -
2,159 2,159
Impairment - - - - -
Transfers* - - - - -
At end of the year - - -
35,228 35,228
14.3 Net book value
Net book value at the
- - -
beginning of the year 2,160 2,160
Net book value at the
- - -
5,757 5,757
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 2025 ## **14.5 Revaluation** ## _**If an accounting policy of revaluation is adopted, please provide:**_ _**the effective date of the revaluation**_ ## **Not applicable** _**the name of independent valuer, if applicable**_ _**the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.**_ ## **14.6 Other disclosures** _**(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (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.**_ ## **None** **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 2025 ## **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 2025 ## **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 ti_ www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 2025 ## **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 2025 ## **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**
**Listed investments**
**Social investments**
**Grand total (Fair value at year end+Cost less impairment)**
**Other investments**
**Total**|**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 2025 ## **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**

**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_**
**£**
-
**This year**

-
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
-
**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.**|

-
-
-


**£**
-
**This year**

-
**Las**|**This year £**
**Last year £**
**This year £**
**Last year £**
-
-
-
-
-
-
**t year**
**£**| |---|---|---| ||
-|| www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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.** |**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other trading activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
-
1,479
-
-
-
-
5,687
-
-
-
-
(6,437)
-
-
-
-
-
-
-
-
**-**
**729**
**-**
**-**
**-**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
**Work in**
**progress**
**Stock**
**Donated goods**|**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
-
1,479
-
-
-
-
5,687
-
-
-
-
(6,437)
-
-
-
-
-
-
-
-
**-**
**729**
**-**
**-**
**-**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
**Work in**
**progress**
**Stock**
**Donated goods**| |---|---|---| ||-|729
-
-
-| ||-|**1,479**
-
-
-| **18.2 Please specify the carrying amount of any** None **stocks pledged as security for liabilities** www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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**
**£**
**£**
880
710.0
-
-
-| ||880
710| _**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)** |**Prepayments and accrued income**
**Other debtors**
**Total**
**Trade debtors**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -| |---|---| ||- -| www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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** |**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**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
4,089
94
-
-
-
-
-
-
3,797
26,312
-
-
-
-
-
-
-
-
-
-
**Amounts falling due**
**within one year**
**Amounts falling due after**
**more than one year**| |---|---| ||7,886
26,406
-
-| ## **20.2 Deferred income** ## _**Please complete this note if the charity has deferred income.**_ ## _**Please explain the reasons why income is deferred.**_ The deferred income is in respect of fees paid in advance of the year end for the Autumn 2025 term |**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**Last year**
**£**
**£**
26,312 2,559
3,797 26,312
(26,312)
(2,559)| |---|---| ||3,797 26,312| www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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** **----- Start of picture text -----**
This year Last year
£ £
Balance at the start of the reporting period 70,000 92,000
Amounts added in current period - 11,982
-
Amounts charged against the provision in the current period (33,982)
Unused amounts reversed during the period - -
Balance at the end of the reporting period 70,000 70,000
**----- End of picture text -----**
**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** The designated funds are held in respect of the Trustees **to a fund commitment, please disclose the nature of** reserve policy of holding 1 terms necessary outgoings as **any amounts designated and the likely timing of that** reserves. **expenditure.** www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 **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 2025 ## **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 2025 ## **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**
**£**
**£**
-
-
-
-
308,832
273,807
-
-| ||308,832
273,807| www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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** None **fair value through the SoFA that is attributable to changes in credit risk.** www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 2025 ## **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 12,508 4,018 (11,271) 5,255
Outreach R such as Sing & String and the Big noise
To support specific programmes for
Programme Support R example orchestral, FYF 79,620 35,210 (35,417) 79,413
Instrument Funds R Funds towards purchase of instruments 2,530 2,000 (2,000) 2,530
Specific Bursaries (including Trevor 2,056 2,510 - - 4,566
Bursaries R Steventon Memorial Fund)
Designated UR 70,000 - - 70,000
General UR 85,036 342,121 (280,607) - 146,550
Other funds N/a - -
Total Funds 251,751 385,859 (329,295) - - 308,314
**----- End of picture text -----**
www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 (5,986)
Outreach R such as Sing & String and the Big noise 5,368 13,126 - - 12,508
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
Specific Bursaries (including Trevor (1,355)
0 R Steventon Memorial Fund) 2,676 736 - - 2,056
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 0 - - - - - -
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 2025 ## **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 2025 ## **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 Governing Document 15,524.01 232.1 17,620
**----- 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".**_ |**No trustee expenses have been incurred (True or False)**
**Type of expenses reimbursed**
**Subsistence**
**Travel**
**Accommodation**
**Other (please specify):**
**Please provide the number of trustees reimbursed for**
**expenses or who had expenses paid by the charity**|**£**
**This year**
**TOTAL**|**Last year**
**_TRUE_**
**£**| |---|---|---| www.chilternmusicacademy.org Registered charity number:1158146 Financial Statements Year Ended 31 August 2025 ## **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 & 2,057
Trustee
String programme
**----- 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 2025 **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