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2024-03-31-accounts

Charity 1158652

THE STRINGCREDIBLES

Trustees’ Annual Report and Accounts for the year ended 31 March 2024

The Stringcredibles

Charity 1158652

Charity information

Trustees

Sarah Gee (resigned 19 September 2023), Chair (until 19 September 2023) Isabel Churcher (appointed 24 July 2023), Chair (from 19 September 2023) Louise Braithwaite (appointed 24 July 2023) Michele Deeks (appointed 24 July 2023) Seb Lovell-Huckle (from 24 July 2023) Eluned Mansell Philip Mills Sally-Ann Sinclair (resigned 25 May 2023)

Charity Name

The Stringcredibles

Charity Number

1158652 (registered in England and Wales as a Charitable Incorporated Organisation)

Bankers

Co-operative Bank plc, Delf Way, Skelmersdale. WN8 6GH

Independent Examiner

Emma Bunting, MA, FCCA

Charity Principal Address

55 Bunbury Road, Birmingham, B31 2DS

The Stringcredibles

Charity 1158652

Trustees’ Annual Report for the year ended 31 March 2024

The Trustees of the Charity present their Annual Report and Accounts for the 12-month period ended 31 March 2024.

Objectives and Activities

The objects of the Charity are to advance the education of the public in the art of music, in particular, but not exclusively, by facilitating creative learning experiences which allow participants to discover and develop their individual capabilities, skills and potential.

The Trustees have complied with their duty in Section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission on public benefit.

The objects of the charity have been achieved by:

Activities

2023 - 2024 has been one of the busiest years to date for The Stringcredibles. We:

ran our Apprentice programme for yet another year, in partnership with Services for Education Music Service, Birmingham;

Stringcredible Apprentices 2023

With strong support from the Albert and Eugenie Frost Music Trust for the second year running, our Stringcredible Apprentices programme 2023 was a great success. Our Apprentices programme has been running since 2015, and is designed to

The Stringcredibles

Charity 1158652

Trustees’ Annual Report for the year ended 31 March 2024 (continued)

support young musicians and their performance skills. It allows for the development of young string players in inspirational roles, widens the reach of our performance methodologies programme, creates diverse role models in a very diverse city and support the work of an excellent music hub.

In the autumn term, we took on a new cohort of learners in partnership with Birmingham’s Music Service at Services for Education (SFE). Throughout the term we worked with 8 young string quartet players and 4 music teachers. The teachers and young musicians came to see The Stringcredibles perform in a primary school, then learned how to perform the show as brand new quartets. The Stringcredibles trained the quartet of teachers, and then mentored the teachers as they trained up the quartets of young musicians.

Our 8 Apprentices were a culturally diverse cohort of male and female string players, selected by Sally Hobbs (Head of Strings at SFE) as being musicians of promise, who would benefit most from the experience. All participants had been taught by SFE teachers at some/all stages, and were part of either Birmingham Schools String Sinfonia or Birmingham Schools Symphony Orchestra. The project helped them to really hone their performance and public speaking skills, and use these to inspire other children to engage with music.

This year we are proud to have reached:

The project has had positive impacts on:

The Stringcredibles

Charity 1158652

Trustees’ Annual Report for the year ended 31 March 2024 (continued)

Pitch Pace Perform

Our trademark Pitch Pace Perform methodology is still very much a driving thread of our work. Designed to connect performers powerfully with their audiences we have delivered training at the Toho Gakuen Music School in Tokyo, the woodwind department of the Royal Birmingham Conservatoire, with the Career Accelerator Fellows at the City of Birmingham Symphony Orchestra and with teachers at the Milton Keynes Music Education Hub.

Wolverhampton Elevate

We continue to support Wolverhampton Music Service’s fast-track progression programme Elevate. This is an ongoing partnership, delivering workshops in performance and ensemble skills for the young people selected for the programme.

The Butterfly Lands

Considerable time this year has been spent developing our newest show for primary schools, The Butterfly Lands, focusing on migration, connected to the Kindness Curriculum. We have partnered with multiple creatives from composers and poets, to visual artists and academic researchers. The various components of the show were commissioned in the autumn team, and after taking part in workshops and rehearsals with Nate Holder we delivered our first pilot performance was at St Matthew’s Church of England school in February 2024. We have had 22 performances funded in the first run of the show, across 4 music hubs - Birmingham, Wolverhampton, Sandwell and Walsall. Seven of these performances took place in this financial year. Our creative partners are:

Our funding structure of this project is a combination of support from Arts Council England, trusts and foundations, earned income, and generous individual donors.

The Stringcredibles

Charity 1158652

Trustees’ Annual Report for the year ended 31 March 2024 (continued)

The show has been the catalyst for developing new partnerships, including additional Music Education Hubs and the Schools of Sanctuary networks.

Schools and partners

Schools we have visited with all our projects in this period:

Organisations we have worked with in this period:

The Stringcredibles

Charity 1158652

Trustees’ Annual Report for the year ended 31 March 2024 (continued)

Quotes from our participants:

"This has been an incredible experience for me. It is something I will never forget. This performance has been the most fun I've had performing ever. Thank you." (Young apprentice)

"Thank you so much for visiting our school. The feedback has been amazing. Children were inspired, enthused and excited by the music they heard." (Primary school teacher)

"I learned that it is amazing when people play together."

"Music is fun"

"You can play with your heart." (Primary school children)

"Working with phenomenal musicians from The Stringcredibles - their support and encouragement increased my own musical and educational confidence." (Music teacher)

The Stringcredibles

Charity 1158652

Trustees’ Annual Report for the year ended 31 March 2024 (continued)

Financial Review

Income for the year was £45,324 (2023: £11,358), and expenditure was £42,216 (2023: £23,603). The resulting surplus of £3,108 (2023: £12,245 deficit), left the charity with closing funds of £23,082 (2023: £19,974). The surplus was due to new projects starting, with expenditure slightly behind income, plus additional donations.

Reserves Policy

The Trustees have set a policy that committed expenditure does not exceed the value of unrestricted funds, and that the unrestricted funds do not exceed 12 months of planned expenditure. The total unrestricted funds at 31 March 2024 amounted to £22,452 (2023: £19,974); the Trustees consider that the reserves do not exceed what is necessary for the Charity to continue as a going concern and plans are in place to apply the unrestricted funds to the charitable purposes within a reasonable timescale. Restricted funds at 31 March 2024 were £630 (2023: £nil).

Going Concern

The Charity’s work is delivered in programmes of work based on funding achieved. It does not, therefore, commit expenditure that is not funded, and at the end of the year had reserves to cover committed expenditure. The Trustees believe that the Charity will be able to meet its ongoing commitments for more than 12 months from the signing of the Balance Sheet, and that it is therefore appropriate to continue accounting on a going concern basis.

Structure, Governance and Management

The Charity is constituted as a Charitable Incorporated Organisation, which was registered with the Charity Commission on 24 September 2014. It is governed by a constitution using the foundation model dated 22 November 2022. The Trustees make strategic decisions and ensure overall control; they delegate day to day management and delivery of this objective to the Stringcredibles' musicians, who are:

The Trustees during the year under review and up to the date the accounts were approved are listed on page 1.

The Stringcredibles

Charity 1158652

Trustees’ Annual Report for the year ended 31 March 2024 (continued)

The Board recruits new trustees by assessing the skills required and skills of existing trustees, determining a skills gap and advertising for suitable applicants. New trustees are appointed at duly convened meetings of the board of trustees.

This year has seen board recruitment and development for The Stringcredibles. We advertised for new Trustees and received numerous interesting applications. Following a rigorous recruitment process, we appointed four new Trustees: Louise Braithwaite, Isabel Churcher, Michele Deeks and Seb Lovell-Huckle. They all bring a passion for music and professional and personal insights into the world of The Stringcredibles.

Louise is a professional orchestral performer and has significant experience in project management and board experience. She also brings considerable insight into the issues involved in Equality, Diversity and Inclusion for cultural organisations.

Isabel brings many years’ experience of Boards locally and nationally. Her professional experience is primarily in heritage and most recently in the Museums team at the Arts Council. Her connection to music is through personal and family interests.

Michele is a psychologist who has run her own consultancy business for many years. She brings a wealth of insight and experience in supporting high performing teams, enabling young people to become more resilient as well as enabling her own three children to explore musical opportunities.

Seb is CEO of The English Symphony Orchestra and was Executive Director of Birmingham Contemporary Music Group from 2019 to 2022. He has significant board experience both as a CEO and as a board member. He brings a particular interest in equitable access to performances and participation, and is a keen amateur cellist.

Eluned Mansell and Philip Mills continue to provide essential board support and particularly continuity, with the introduction of four new trustees.

In September, we said a very fond farewell to Sarah Gee, our Chair who had supported us so well over the years, and during the Covid pandemic. Isabel Churcher was appointed the new Chair. With an interest in Charity governance, Isabel has been leading the Board to ensure that our policies and procedures are all up to date and proportionate to our scale of operation. We have approved a regular cycle of governance updates throughout the year to give us a rhythm to our governance work. This also enables The Stringcredibles players and creatives to focus on their programming and funding applications.

The Stringcredibles

Charity 1158652

Trustees’ Annual Report for the year ended 31 March 2024 (continued)

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the affairs of the charity and of incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations and the provisions of the charity’s governing document. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Declaration

The Trustees declare that they approved the Trustees’ report above on 23 September 2024.

Signed on behalf of the Charity’s trustees:

Isabel Churcher Chair of Trustees

The Stringcredibles

Charity 1158652

Independent Examiner’s Report

I report to the trustees on my examination of the accounts of the Charity for the year ended 31 March 2024 which are set out on pages 12 to 19.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under section 144(3) of the Charities Act 2011 (“the 2011 Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

The Stringcredibles

Charity 1158652

Independent Examiner’s Report (continued)

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention:

Emma Bunting, MA, FCCA Independent Examiner

Date. 01 October2024

The Stringcredibles

Charity Number 1158652

Statement of Financial Activities for the year ended 31 March 2024

for the year ended 31 March 2024
Note
INCOME
Donations & legacies
2
Charitable activities
3
TOTAL INCOME
EXPENDITURE
Charitable activities
4
Governance costs
6
TOTAL EXPENDITURE
NET INCOME BEING
NET MOVEMENT IN FUNDS
FUNDS BROUGHT FORWARD
FUNDS CARRIED FORWARD
Unrestricted
Restricted
2024
Funds
Funds
Total
3,713
32,485
36,198
9,126
-
9,126
12,839
32,485
45,324
10,361
31,855
42,216
-
-
-
10,361
31,855
42,216
2,478
630
3,108
19,974
-
19,974
22,452
630
23,082
2023
Total
9,558
1,800
11,358
22,103
1,500
23,603
(12,245)
32,219
19,974

The Stringcredibles

Charity Number 1158652

Balance Sheet

at 31 March 2024

Balance Sheet
at 31 March 2024
Note Unrestricted Restricted 2024 2023
Funds Funds Total Total
CURRENT ASSETS
Debtors 7 8,023 - 8,023 4,442
Cash at Bank 14,429 7,305 21,734 17,032
22,452 7,305 29,757 21,474
CREDITORS: Amounts falling
due within 1 year 8 - 6,675 6,675 1,500
NET CURRENT ASSETS/(LIABILITIES) 22,452 630 23,082 19,974
NET ASSETS/(LIABILITIES) 22,452 630 23,082 19,974
FUNDS
Unrestricted 22,452 - 22,452 19,974
Restricted - 630 630 -
TOTAL FUNDS 9 22,452 630 23,082 19,974

The notes on pages 14 to 19 form part of these accounts.

These accounts were approved by the Board of Trustees on 23 Septemmber 2024 and authorised to be signed by:

Isabel Churcher Chair of Trustees

The Stringcredibles

Charity Number 1158652

Accounting Policies

Note 1 ACCOUNTING POLICIES

1.1 Basis of preparation of accounts

The financial statements have been prepared under the historical cost convention with items recognised at cost.

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds and expected income and expenditure for the following 12-month period.

1.3 Incoming Resources

Recognition of incoming resources

These are included in the Statement of Financial Activities (SOFA) when:

The Stringcredibles

Charity 1158652

Accounting Policies (continued)

Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contractual income) the incoming resources and related expenditure are reported gross in the SOFA.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax reclaims on donations and gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual income and performance related grants

This is only included in the SOFA once the related goods or services have been delivered.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the Trustees’ annual report.

Investment income

This is included in the accounts when receivable.

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out funds.

Charitable activities

These costs relate to the musicians’ fees for the provision of concerts, etc..

Governance costs

These include the costs of the preparation and examination of statutory accounts, the cost of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

The Stringcredibles

Charity 1158652

Accounting Policies (continued)

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 has provided the specified service or output.

Grants payable without performance conditions

There are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

Support costs

Support costs include central functions and have been allocated to the activity cost categories on a basis consistent with the use of resources.

The Stringcredibles

Charity Number 1158652

Notes to the Accounts

Note 2 DONATIONS & LEGACIES

Grants
Donations
Gift Aid
Donations & Legacies
Unrestricted
Restricted
2024
funds
funds
Total
-
32,485
32,485
3,227
-
3,227
486
-
486
3,713
32,485
36,198
2023
Total
6,224
2,682
652
9,558

Grants includes £26,035 from Arts Council England.

Note 3 INCOME FROM CHARITABLE ACTIVITIES

Musical performances
Charitable activities
Unrestricted
Restricted
2024
funds
funds
Total
9,126
-
9,126
9,126
-
9,126
2023
Total
1,800
1,800

Note 4 EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
Restricted
2024
funds
funds
Total
Musician fees & expenses
6,955
19,125
26,080
Commissions
-
8,000
8,000
Programme materials
-
655
655
Project management
3,079
4,066
7,145
Marketing
25
-
25
Admin & sundry expenses
302
9
311
Charitable activities
10,361
31,855
42,216
2023
Total
14,384
-
4,466
2,591
429
233

Note 5 STAFF COSTS

There were no employees during the year (2023: no employees).

Note 6 GOVERNANCE COSTS

There have been no governance costs during the year (2023: £1,500 Independent Examiner fees).

The Stringcredibles

Charity 1158652

Notes to the Accounts (continued)

Note 7 DEBTORS – amounts falling due within one year

Trade debtors
Gift Aid
Debtors
Unrestricted
Restricted
2024
funds
funds
Total
3,095
-
3,095
4,928
-
4,928
8,023
-
8,023

Note 8 Creditors: amounts falling due within 1 year

Unrestricted
Restricted
2024
funds
funds
Total
2023
Total
Accruals -
6,675
6,675
1,500
Creditors < 1 year -
6,675
6,675
1,500

Note 9 FUNDS

FUNDS
2023
2024
Unrestricted
Restricted
Migrations
Apprentices
brought
forward
Income
Expenditure
Transfers
carried
forward
19,974
12,839
(10,361)
-
22,452
-
26,035
(25,624)
-
411
-
6,450
(6,231)
-
219
-
32,485
(31,855)
-
630
19,974
45,324
(42,216)
-
23,082

Migrations is a programme to deliver experience of live music to primary school children, that also addresses the issues of migration, diversity and inclusion. This is funded by Arts Council England.

Apprentices is a programme designed to support young musicians and their performance skills.

The Stringcredibles

Charity 1158652

Notes to the Accounts (continued)

2022
2023
Unrestricted
Restricted
Apprentices (Albert &
Eugenie Frost Music
Trust)
Power Up (Arts Council
England)
brought
forward
Income
Expenditur
e
Transfers
carried
forward
26,974
5,134
(12,134)
-
19,974
-
4,750
(4,750)
-
-
5,245
1,474
(6,719)
-
-
5,245
6,224
(11,469)
-
-
32,219
11,358
(23,603)
-
19,974

Apprentices is a programme designed to support young musicians and their performance skills.

Power Up includes a grant from Arts Council England of £13,267. This programme builds on the Pitch, Pace, Perform programme by training teachers in four music hubs.

Note 10 RELATED PARTIES

One trustee received a gift on retiring (Sarah Gee, £100) (2023: £nil); no trustee received any remuneration in the year (2023: £nil). One trustee was paid expenses in the year (Isabel Churcher £110), (2023: nil).

There were no other related party transactions (2023: £nil).