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← Fairbeats Music

2024-09-01-accounts

Trustees’ Annual Report for the period

From 1st September 2023 Period start date To 31st August 2024 Period end date

Charity name: Fairbeats Music

Charity registration number: 1159133

Objectives and Activities

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|||| |---|---|---| |SORP reference| |Summary of the purposes of|Para 1.17|(1) to promote and advance the education| |the charity as set out in its|of the public in music, particularly young| |governing document|people, and people from disadvantaged| |communities, in particular but not| |exclusively refugees, asylum seekers, new| |migrants, and those migrants of limited| |means. (2) to promote for the public benefit| |the study of music making and other artistic| |activities in promoting integrative and| |supportive communities, and publishing the| |useful results of such research.| |Summary of the main|Para 1.17 and|The main activities undertaken by| |1.19| |activities in relation to those|Fairbeats Music in relation to its objects| |purposes for the public|are: 1. Running music projects at Action for| |benefit, in particular, the|Refugees in Lewisham 2. Running music| |activities, projects or|projects at Refugee Action Kingston 3.| |services identified in the|Running music projects at Love to Learn| |accounts.|Homework Club for young refugees and| |asylum seekers at the Katherine Low| |Settlement, Wandsworth 4. Running music| |projects at Southwark Day Centre for| |Asylum Seekers. 5. Supporting young| |refugees, asylum seekers and new| |migrants to access music making| |opportunities in London. 6. Training music| |leaders, sharing knowledge about our work| |with the wider music education community.| |Statement confirming|Para 1.18|The trustees have had regard to the| |whether the trustees have|guidance issued by the Charity| |had regard to the guidance|Commission on public benefit.| |issued by the Charity| |Commission on public| |benefit|

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Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38

Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 This year Fairbeats Music worked in
community settings in Lewisham, Kingston
and Wandsworth. Fairbeats Music
delivered music making activities in these
settings including singing, fife, ukulele,
drumming, song-writing, music technology
and early years musicianship. Beyond the
settings, the participants were supported to
take part in additional music-making
including ongoing instrumental lessons,
performances and recordings.
In the period ending 31st August 2024,
Fairbeats Music achieved the following:
1. 30 Weekly term-time sessions with
children ages 4-11 at the Rainbow
Club, Action for Refugees in
Lewisham (AFRIL); children ages
4-5 participated in creative music
sessions, and children ages 6-11
participated in instrumental lessons
(ukulele and fife) and creative
sessions on the theme ‘River’
2. 20 Weekly term-time sessions at
Love To Learn (L2L) at the
Katherine Low Settlement,
Battersea. They workshopped song
ideas using mixed media (for
example collage) and wrote a song
inspired by pushing through barriers
and using love as a source of
strength
  1. One songwriting session at Refugee Action Kingston (RAK), supporting language development with singer/songwriter, James Riley 4. Three intensive holiday clubs for Future Leaders (11 - 16) at Lewisham Music and Midi Music. They learnt poly-rhythms, created songs inspired by the genre Soca and wrote poems based on migration and movement. Progression routes 1. Trip for 15 Rainbow Club children and their families to the Science Museum’s Turn It Up music exhibition 2. Trip for 5 L2L children and their families to World Heart Beat’s studio to record their song 3. Future Leaders trips to Horniman Museum, Elephant and Castle food market, and British Library’s Beyond the Bassline exhibition 4. Future Leaders workshop with Aga Serugo Lugo and Trinity Laban students as part of Trinity Laban’s ‘CoLab’ programme 5. Three Rainbow Club participants were awarded a bursary at Blackheath Conservatoire or accepted onto Lewisham Music’s Furthering Talent scheme (piano and flute). 6. Supported our third Young Music Leader Trainee (a Future Leader and graduate of Fairbeats AFRIL). Performances and practice sharing 1. Two sharings with parents and a Refugee Week performance at Rainbow Club 2. L2L performance at Katherine Low Settlement’ 100th anniversary celebration 3. Delivered ‘They’re Playing My Song’ workshop at Bristol Beacon’s ‘Be Kind’ event - sharing our practice and multimedia outcomes of this project. 4. Featured in a Refugee Week radio show 5. Featured in newly published research by Sing Up: https://www.singupfoundation.org/a

bout-singing-for-mental-health/expl oring-effective-practice/singing-with -young-refugees Other ● Recruited 5 new Trustees (who started mid-way through the year) and developed staffing structure to enhance the governance and operations of a growing and ambitious charity. ● Led and participated in workforce and organisational development including trauma-informed practice, anti-racism, decolonisation and strategic planning Impact ● We created a new Theory of Change to better describe the outcomes children and young people experience at Fairbeats in the short- and long-term ● We worked with more than 120 children and young people aged 4-18 and their families and with 3 partner organisations ● Children and young people said they felt calm, happy and excited as a result of taking part in sessions, which they described as fun, interesting and entertaining. They said they feel safe to share their feelings during sessions, and that music helps them to regulate their emotions. ● Children at Rainbow Club value opportunities at the end of each term to share their music with families and friends. Despite some experiencing feelings of nervousness, it gives them a sense of achievement and joy seeing their families and friends enjoy their music. When asked to draw musical memories, many drew pictures of performing, standing on a stage with family members in the audience. ● Youth voice and leadership is a priority at Fairbeats. Over the past year we’ve developed this by:

○ Continuing to embed consultation with young people and prioritising giving choice to young people throughout core sessions as key principles in our youth voice work ○ Increasingly involving Future Leaders in planning and designing sessions, with an emphasis on agency and ownership ○ Recruiting a new Young Trainee Music Leader ● Participant, partner and wider community feedback: ○ “Performing makes me feel happy and proud” Rainbow Club participant ○ “We've been exploring different ways to make music with different languages, and joining together to create something new and amazing. It's been exciting because it's given me more chances to input my opinion and things I like and dislike.” Future Leaders participant ○ “We connected over our love of music. Fairbeats makes people feel comfortable and makes a good change for them.” Future Leaders participant ○ “Over the course of the Future Leaders projects this year … I have seen one young person in particular build the confidence to perform and sing solo in front of their peers, when initially they had been too shy to even speak their name” Future Leaders Music Leader ○ "We have been working with Fairbeats for a number of years now and having them at our weekly homework clubs has been absolutely

brilliant. The children and young people really enjoy the workshops and many have grown in confidence and continue to take part in music in and outside of school. We feel lucky to have the opportunity to have professional musicians come and work with the children, giving them opportunities they otherwise wouldn't have had" Love to Learn, Katherine Low Settlement ● “I’ve noticed changes. Even in school, the teachers are always commenting on her bravery. I couldn’t believe it until I see her when she’s on her ukulele and guitar. I see a completely different person. The moment she’s playing her instrument, she’s beaming with light.” Parent of participant

Additional information (optional) You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 In the year ended 31 August 2024 the
charity received the following:
Donations and grants: £94,191 (£18,787
unrestricted)
Charitable activities: £555
Total income £94,746
In the same period the charity spent the
following:
Programme delivery: £47,266
Overheads: £56,905
Total expenditure: £104,171
Reserves as at 31 August 2024 were:
Unrestricted: £22,323
Restricted: £8,775
Total reserves: £31,098
Unrestricted reserves as at 31 August 2024
were 21.4% of operating costs (considered
total expenditure)
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 In the Trustees’ view, the reserves should
provide the charity with adequate financial
stability and the means for it to meet its
charitable objectives for the foreseeable
future. The trustees propose to maintain
the charity’s reserves at a level which is at
least equivalent to six months operational
expenditure and have done so having
regards to its manner of operation of likely
funding streams. The trustees review the
amount of reserves that are required to
ensure that they are adequate to fulfil the
charity’s continuing obligations on a
quarterly basis at their board meeting.
Amount of reserves held Para 1.22 £22,323 (unrestricted)
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

You may choose to include further statements where relevant about:

Additional information (optional)

The charity’s principal
sources of funds (including Para 1.47
any fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the principal Para 1.46
risks facing the charity
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO

Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointed by trustees (apart from first
trustees) by a resolution passed at a
properly convened meeting of trustees.

Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Fairbeats Music

Other name the charity uses
Registered charity number 1159133

Charity’s principal address		 PO BOX 37, St. Leonard’s - On - Sea, TN38 1NN

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole
year		 Name of
person (or
body)
entitled to
appoint
trustee (if
any)
1 Carolyn Ehman Chair
2 Nigel Tyler Treasurer
3 Irene Ogunseitan
4 Esther Trewinnard
5 Corinne Bass
6 Alison Dancer From 17th October 2023
7 Anne-Marie
Phillip-Howell		 From 17th October 2023
8 Angela Anuforo From 17th October 2023
9 Segun Lee-French From 11th March 2024
10 DorothyHoskins From 17th October 2023

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of
adviser		 Name Address

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

on behalf of the charity’s trustees

Nigel Tyler and Anne-Marie Philip-Howell

Position (eg Secretary, Chair, etc) Treasurer and Trustee

22.06.25

Charity
Number
Period start date
01/09/2023
To
Period end
date
Fairbeats Music
Annualaccountsforthe period
“ewes~~————~~
FOR ENGLAND AND WALES		 Charity
Number
Period start date
01/09/2023
To
Period end
date
Fairbeats Music
Annualaccountsforthe period
“ewes~~————~~
FOR ENGLAND AND WALES		 Charity
Number
Period start date
01/09/2023
To
Period end
date
Fairbeats Music
Annualaccountsforthe period
“ewes~~————~~
FOR ENGLAND AND WALES		 Charity
Number
Period start date
01/09/2023
To
Period end
date
Fairbeats Music
Annualaccountsforthe period
“ewes~~————~~
FOR ENGLAND AND WALES		 Charity
Number
Period start date
01/09/2023
To
Period end
date
Fairbeats Music
Annualaccountsforthe period
“ewes~~————~~
FOR ENGLAND AND WALES		 Charity
Number
Period start date
01/09/2023
To
Period end
date
Fairbeats Music
Annualaccountsforthe period
“ewes~~————~~
FOR ENGLAND AND WALES		 1159133
31/08/2024		 1159133
31/08/2024
Section A Statement of financial activities Section A Statement of financial activities Section A Statement of financial activities
Recommended categories by
activity		 Guidance Notes Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total funds Prior year
funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 18787 75404 - 94 1 4 191 99 391
Charitable activities S02 555 - - 555 200
Other trading activities S03 - - - - -
Investments S04 - - - - -
Separate material item of income S05 - - - - -
Other S06 - - - - -
Total S07 19 342 75 404 - 94 746 94 746 99 591 99 591
Resources expended (Note 6)
Expenditure on:
Raising funds S08 4 788 500 - 52 288 2 832
Charitable activities S09 14 175 84 228 - 984 403 104 474 4 474
Separate material item of expense S10 - - - - -
Other S11 - 480 - 480 480
Total S12 18 963 85 208 - 104 171 104 171 107 786 107 786
Net income/(expenditure) before investment
gains/(losses) S13 379 (9 804) - (9 425 9 425) (8 195 8 195)
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 379 (9 804) - (9 425 9 425) (8 195 8 195)
Extraordinary items S16 - - - - -
Transfers between funds S17 - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use Gains and losses on revaluation of fixed assets for the charity’s own use S18 - - - - -
Other gains/(losses) S19 - - - - -
Net movement in funds S20 379 (9 804) - (942 425) (81 195)
Reconciliation of funds:
Total funds brought forward S21 21 944 18 579 - 40 523 40 523 48 718 48 718
Reclassification of funds during the year - -
Total funds carried forward S22 22 323 8 775 - 31 098 31 098 40 523 40 523
- -

~~a~~ Section B Balance sheet

Guidance Notes Unrestricted
funds		 Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total this
year		 Total last
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) Intangible assets (Note 15) B01 - - - - - - - - - - - - - - - - - - - - -
Tangible assets (Note 14) Tangible assets (Note 14) B02 - - - - - - - - - - - - - - - - - - - - -
Heritage assets (Note 16) Heritage assets (Note 16) B03 - - - - - - - - - - - - - - - - - - - - -
Investments (Note 17) Investments (Note 17) B04 - - - - - - - - - - - - - - - - - - - - -
Total fixed assets B05 - - - - - - - - - - - - - - - - - - - - -
Current assets
Stocks (Note 18) Stocks (Note 18) B06 - - - - - - - - - - - - - - - - - - - - -
Debtors (Note 19) Debtors (Note 19) B07 200 4 000 - 4 200 200 4 000 - 4 200 200 4 000 - 4 200 200 4 000 - 4 200 200 4 000 - 4 200 4 200
Investments (Note 17.4) Investments (Note 17.4) B08 - - - - - - - - - - - - - - - - - - - - -
Cash at bank and in hand (Note 24) Cash at bank and in hand (Note 24) B09 24 173 46 558 - 70 731 24 173 46 558 - 70 731 24 173 46 558 - 70 731 24 173 46 558 - 70 731 24 173 46 558 - 70 731 40 943
Total current assets B10 24 373 50 558 - 74 931 24 373 50 558 - 74 931 24 373 50 558 - 74 931 24 373 50 558 - 74 931 24 373 50 558 - 74 931 45 143
Creditors: amounts falling due within
one year (Note 20)		 B11 2 050 41 783 - 43 833
4 620
~~		 ~~
~~		 ~~
~~ft~~
~~ft~~
Net current assets/(liabilities)
Total assets less current liabilities		 B12
B13		 22 323 8 775 - 31 098
22 323 8 775-
~~aa~~
~~a~~
~~a~~		 22 323 8 775 - 31 098
31 098		 40 523
40 523
Creditors: amounts falling due after amounts falling due after
one year (Note 20) B14 - - - - - - - - - - - - - - - - - - - - -
Provisions for liabilities B15 - - - - - - - - - - - - - - - - - - - - -
Total net assets or liabilities
Funds of the Charity		 B16 22 323 8 775 - 31 098
~~A~~		 22 323 8 775 - 31 098 22 323 8 775 - 31 098 22 323 8 775 - 31 098 22 323 8 775 - 31 098 40 523
Endowment funds (Note 27) B17 - - - - - - - - - - - - - - - - - - - - -
Restricted income funds (Note 27) B18 - 8 775 - 8 775 - 8 775 - 8 775 - 8 775 - 8 775 - 8 775 - 8 775 - 8 775 - 8 775 18 579
Unrestricted funds B19 22 323 - - 22 323 22 323 - - 22 323 22 323 - - 22 323 22 323 - - 22 323 22 323 - - 22 323 21 944
Revaluation reserve B20 - - - - - - - - - - - - - - - - - - - - -
Total funds B21 22 323 8 775 - 31 098 22 323 8 775 - 31 098 22 323 8 775 - 31 098 22 323 8 775 - 31 098 22 323 8 775 - 31 098 40 523
Signed by one or two trustees on behalf of all Date of
the trustees Signature Print Name approval
dd/mm/yyyy
Nigel T el Tyler 22/06/2025
Anne-Marie Phillip-Howell 22/06/2025

CC17a (Excel)

2

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:

• and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

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

An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; 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.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes
No		 ✓ * -Tick as appropriate * -Tick as appropriate
✓
Please disclose :
(i) the nature of the chan ge in accounting policy;
(ii) the reasons
provides more r
and		 why appl
eliable a		 ying the new accounting policy
nd more relevant information;
(iii) the amount
in the current p
the aggregate a
periods before		 of the ad
eriod, eac
mount of
those pre		 justment for each line affected
h prior period presented and
the adjustment relating to
sented, 3.44 FRS 102 SORP.
1.4 Changes t
No changes to a		 o accounting estimates
ccounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).		 o accounting estimates
ccounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes
No		 ✓ * -Tick as appropriate
✓

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

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

Yes
✓
No
✓
* -Tick as appropriate
Please disclose:
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

CC17a (Excel)

3

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

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----- Start of picture text -----
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
----- End of picture text -----

CC17a (Excel)

4

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

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
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
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
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'.
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.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
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
• the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related
grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
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
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.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift 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.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
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 services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
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.		 Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
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N/a
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Yes
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N/a
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Yes
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N/a
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Yes
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✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
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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
✓
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✓		 No
✓		 N/a
✓
Yes
✓		 No
✓		 N/a
✓
Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
✓ ✓ ✓
Yes No N/a
✓ ✓ ✓
Yes No N/a
✓ ✓ ✓
2.4 ASSETS
Intangible fixed assets
Heritage assets
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.
These are capitalised if they can be used for more than one year, and cost at least
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.
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
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.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
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.
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.
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.
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.
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
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.
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
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.
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
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.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
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.		 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
✓ ✓ ✓
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
✓ ✓ ✓
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
Current asset investments		 The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and 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.
They are valued at fair value except where they qualify as basic financial instruments.		 Yes
No
N/a
 Yes
No
N/a
 Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Other informati
Donations
and legacies:
Charitable
activities:
TOTAL INCO
Other:
Other trading
activities:
Income from
investments:
Separate
material item
of income:		 Analysis Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations andgifts 760 - - 760 3 001
Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities
18 027		 - 18 027 96 390
Membership subscriptions and sponsorships
which are in substance donations		 - - - -
Donatedgoods,facilities and services - - - - -
Other - - -
Total 18 787 - - 18 787 99 391
- - - - -
- - - - -
- - - - -
Other 555 - - 555 200
Total 555 - - 555 200
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Interest income - - - - -
Dividend income - - - - -
Rental and leasingincome - - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
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
propertyrights		 - - - - -
Other - - - - -
Total - - - - -
on:
ME
19 342 - - 19 342 99 591
All income in the prior year was unrestricted except for:
(please provide description and amounts)		 Arts Council England £2,489 (2022: £Nil)
Belpech Trust £5,000 (2022: £5,000)
Susan Rockey £2,000 (2022: £3,500)
Garfield Weston Foundation £15,000 (2022: £15,000)
Horizon Foundation £Nil (2022: £3,749)
Lee Trust of William Hatcliffe £5,000 (2022: £Nil)
Lucille Graham £3,500 (2022: £Nil)
National Lottery £Nil (2022: £10,000)
Nat Found Youth Music (21-24) £40,000 (2022: £36,000)
Newcomen Collett Foundation £1,000 (2022: £Nil)
Shaftesbury Young People £9,651 (2022: £Nil)
St Olave's & St Saviour's Schools Found'n £Nil (2022: £2,000)
Susan Rockey £1,500 (2022: £3,500)
The Brian Murtagh Charitable Trust £10,000 (2022: £Nil)
The Marchus Trust £4,000 (2022: £Nil)
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)		 Emma Smiley £13,027 (2023: £Nil)
Masonic Charitable Trust £5,000 (2023: £Nil)
National Foundation for Youth Music £39,892 (2023: £40,000)
Sisters of the Holy Cross £20,000 (2023: £Nil)
The Big Give Trust £4,511.92 (2023: £Nil)
The Foyle Foundation £10,000 (2023: £Nil)

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12 12 CC173 (Exeell

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.		 Description This year
Last year
£
£		 This year
Last year
£
£
- -
- -
- -
- -
Total - -

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Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Use of property
Other
Seconded staff		 This year
Last year
£
£		 This year
Last year
£
£
- -
- -
- -
- -
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.
Please provide details of any
unfulfilled conditions and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.

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Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Expenditure on
raising funds:
Other
Separate material
item of expense
Expenditure on
charitable
activities		 Analysis Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Prior year
£
£
£
£
£		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Prior year
£
£
£
£
£		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Prior year
£
£
£
£
£		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Prior year
£
£
£
£
£		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Prior year
£
£
£
£
£
Incurred seeking donations - - - - -
Incurred seeking legacies - - - - -
Incurred seeking grants 4 788 500 - 5 288 2 832
Operating membership schemes and
social lotteries		 - - - - -
Staging fundraising events - - - - -
Fundraising agents - - - - -
Operating charity shops - - - - -
Operating a trading company
undertaking non-charitable trading
activity		 - - - - -
Advertising, marketing, direct mail and
publicity		 - - - - -
Start up costs incurred in generating
new source of future income		 - - - - -
Database development costs - - - - -
Other trading activities
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 4 788 500
-		 5 288 2 832
Administrative overheads 2 885 10 504 - 13 389 15 239
Music workshops, lessons etc - 27 818 - 27 818 45 672
Payroll 11 290 45 906 - 57 196 43 563
- - - - -
Total expenditure on charitable
activities		 14 175 84 228 - 98 403 ########
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Audit fees - 480 - 480 480
- - - - -
- - - - -
- - - - -
- - - - -
Total other expenditure - 480 - 480 480

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18 963 85 208

104 171 107 786

TOTAL EXPENDITURE

Other information:

Analysis of expenditure on charitable activities

Activity or
programme		 Activities undertaken directly Activities undertaken directly Grant
funding of
activities		 Support
Costs		 Total this
year		 Total
prior year
£ £ £ £ £
Activity 1
Activity2
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)

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63

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

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

Description This year
Last year
£
£		 This year
Last year
£
£
- -
- -
- -
- -
- -
s - -

Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary items

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64

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.

Amount received Amount received Amountpaid out Amountpaid out Balance held atperiod end Balance held atperiod end
Description/name of party Related
party (Yes
or No)		 Thisyear Lastyear Thisyear Lastyear Thisyear Lastyear
£ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
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 atperiod end Balance held atperiod end
Thisyear Lastyear
£ £
- -
- -
- -
- -
- -
Total - -

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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.

Support cost
(examples)		 Raising funds
£		 Activity 1
£		 Activity 2
£		 Activity 3
£		 Grand total
£		 Basis of
allocation
(Describe
method)
Governance - - - -
- - - -
- - - -
- - - -
Other - - - -
Total - - - -

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

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66

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
£
480 480
- -
- -
- -

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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
Salaries and wages
Social security costs
Other employee benefits
Total staff costs
Pension costs (defined contribution scheme)		 This year
£		 Last year
£
55 100 59 714
- -
2 096 2 055
- -
57 196 61 769

Please provide details of expenditure on staff working for the 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

TRUE

Band Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

£25,829 (2022: £20,242)

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 4 4
Governance - -
Other - -
Total 4 4

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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 payment

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

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Section C Notes to the accounts (cont)

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

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

Amount of contributions recognised in £2,096 (2023: £1,416) the SOFA as an expense Please explain the basis for allocating All restricted funds and relate to charitable activities. 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

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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)

Analysis Grants to
institutions		 Grants to
individuals		 Support costs Total
Activityorproject 1 £ £
Activityorproject 2 - -
Activityorproject 3 - -
Activityorproject 4 - -
Total - - - -

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

13.2 Grants made to institutions

13.2 Grants made to institutions 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
Names of institution Purpose Total amount of
grantspaid £
-
-
-
-
-
-
-
-
-
-
TOTAL GRANTS PAID
Other unanalysed grants
Total grants to institutions in reporting period		 -
-
-

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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

14.1 Cost or valuation n
Freehold land
& buildings
Other land &
buildings
£
£
At the beginning of
the year
- -
Additions
- -
Revaluations
- -
Disposals
- -
Transfers
- -
At end of the year
- -
Basis*
SL or RB
SL or RB
 Rate
At beginning of the
year
- -
Disposals
- -
Depreciation
- -
Impairment
- -
Transfers
- -
At end of the year
- -
Net book value at the
beginning of the year
- -
Net book value at the
end of the year
- -
14.4 Impairment
14.3 Net book value
14.2 Depreciation and impairments
Please provide a description of the events and
circumstances that led to the recognition or
reversal of an impairment loss.*		 Freehold land
& buildings
£		 Other land &
buildings
£		 Plant,
machinery and
motor
vehicles
£
Fixtures,
fittings and
equipment
£		 Total
£
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
d impairments
SL or RB SL or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

14.5 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 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.

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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

At beginning of the
year
Additions
Disposals
Revaluations
Transfers *
At end of the year		 Research &
development
£		 Patents and
trademarks
£		 Other
£		 Total
£
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

15.2 Amortisation and impairments

*Basis*
 Rate
At beginning of the
year
Disposals
Amortisation
Impairment
Transfers
At end of year
Nat book value at the
beginning of the year
Net book value at the
end of the year
15.3 Net book value*		 SL or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

15.4 Accounting policy Please disclose the accounting policy for intangible fixed assets including:

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73

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.

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** 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

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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.

16.2 Cost or valuation

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
16.3 Depreciation and impairments
16.4 Net book value*		 Heritage asset
1
£		 Heritage asset
2
£		 Heritage asset
3
£		 Heritage asset
4
£		 Total
£		 Total
£
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Straight Line
("SL") or
Reducing
Balance
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

16.5 Impairment

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

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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
- - - - -
- - - - -
-
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

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Section C Notes to the accounts (cont)

Note 17 Investment assets

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

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

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

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

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

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

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

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

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications

(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

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

Analysis of current asset
investments
Cash or cash equivalents
Investment properties
Amount of concessionary loans received
(Multiple loans received may be disclosed in
aggregate provided that such aggregation does not
obsure significant information).
For all investments measured at fair value, the
basis for determining the value, including any
assumptions applied when using a valuation
technique.
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.
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
Social investments
17.5 Guarantees
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		 This year Las t year t year
£ £
- -
- -
- -
- -
- -
- -
Description This year £ Last year £
Total
Description This year £ Last year £
Total

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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		 Stock Stock Donated goods Donated goods Work in
progress
For
distribution		 For resale For
distribution		 For resale
£ £ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

18.2 Please specify the carrying amount of any stocks pledged as security for liabilities

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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
£
- 200
- -
4 200 4 000
4 200 4 200

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

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

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

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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		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
- - - -
610 3 233 - -
- - - -
42 470 420 - -
728 967 - -
25 - - -
43 833 4 620 - -

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Grants relating to the year ended 31 August 2025 were received in the year ended 31 August 2024.

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
£
- -
41 000 -
- -
41 000 -

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Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

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

21.1 Please provide:

- a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments; - an indication of the uncertainties about the amount or timing of those outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.

21.2 Movements in recognised provisions and funding commitment during the period

Balance at the start of the reporting period
Amounts added in current period
Amounts charged against the provision in the current period
Unused amounts reversed during the period
Balance at the end of the reporting period		 This year
£		 Last year
£
- -
- -
- -
- -
- -

21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified). 21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.

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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.

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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
describe any security provided in connection to the
liability.		 Estimate of financial effect

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

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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
£
- -
- -
70 731 40 943
- -
70 731 40 943

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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.

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

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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

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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

unrestricted funds
Fund names Type PE,
EE R or
**UR ***
Purpose and Restrictions		 Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£
Fund
balances
carried
forward
£
Individual Giving & Bursaries UR Project management,trainingetc 11 847 1 315 - - - 13 162
Belpech Trust UR Music workshops & Fairbeats overheads 6 157 - (3 894) - - 2 263
Emma Smiley UR Music workshops & Fairbeats overheads - ###### (9 877) - - 3 150
Horizon Foundation UR Music workshops 2 418 - (192) - - 2 226
Martyn Donaldson UR Music workshops & Fairbeats overheads 409 - - - - 409
Masonic Charitable Trust UR Music workshops & Fairbeats overheads - 5 000 (5 000) - - -
Susan Rockey UR Music workshops,overheads, payroll 1 113 - - - - 1 113
Invesco Cares R Music lessons,tickets 796 - - - - 796
National Foundation for Youth Music 21-24 R Music workshops,overheads, payroll 3 737 ###### (39 030) - - 4 599
Shaftesbury Young People R Music workshops 8 015 - (7 117) - - 898
Sisters of the Holy Cross R Music workshops,overheads, payroll - ###### (20 000) - - -
Tesco Community Grants R Music workshops,overheads, payroll - 1 000 (680) - - 320
The Big Give Trust R Music workshops,overheads, payroll - 4 702 (4 480) - - 222
The Brian Murtagh Charitable Trust R Music workshops,overheads, payroll 5 512 - (5 077) - - 435
The Foyle Foundation R Music workshops,overheads, payroll - ###### (8 700) - - 1 300
The Samuel Gardner Memorial Trust R Music workshops 339 - (134) - - 205
Wandsworth Grant R Music workshops 180 - (180) - - -
Other funds N/a N/a - - - - - -
Total Funds 40 523 ###### (104 361) - - 31 098

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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 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

Fund names Type PE, EE
**R or UR ***		 Purpose and Restrictions Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
IndividualGiving UR Project management,trainingetc 11 103 776 (192) - - 11687
Belpech Trust R Music workshops & Fairbeats overheads 5 000 5 000 (3 843) - - 6157
Bursaries R Music lessons 160 - - - - 160
ConcordMusic Group UR Music workshops 2000 - (2000) - - -
Crowdfunder Ltd UR Music workshops 340 - (340) - - -
Horizon Foundation UR Music workshops 7082 - (4664) - - 2 418
Kevin Barnaville UR Overheads - 425 (425) - - -
Martyn Donaldson R Music workshops & Fairbeats overheads 500 - (91) - - 409
Susan Rockey R Music workshops,overheads, payroll 900 2 000 (1 787) - - 1 113
Arnold ClarkCommunityFund R Music workshops & Fairbeats overheads 1000 - (1000) - - -
Arts Council England C/f R Songbook Project (246) 2 489 (2 243) - - -
Big Give 2020 (The Childhood Trust) R Music workshops,overheads, payroll 1 971 - (1 971) - - -
GarfieldWeston Foundation R Music workshops & Fairbeats overheads 1858 15 000 (16 858) - - -
InvescoBursaries &Trips R Music lessons,tickets 796 - - - - 796
LeeTrust of William Hatcliffe R Music workshops,overheads, payroll - 5 000 (5 000) - - -
Lucille Graham R Music workshops,overheads, payroll 2 114 3 500 (5 614) - - -
National Foundation for Youth Music18-21 R Music workshops,overheads, payroll 965 - (965) - - -
National Foundation for Youth Music 21-24 R Music workshops,overheads, payroll 2 752 40 000 (39 016) - - 3 736
National Lottery CommunityFund R Music workshops,overheads, payroll 2831 - (2831) - - -
Newcomen Collett Foundation R Music workshops &payroll 20 1 000 (1 020) - - -
RefugeeAction ExploreProgramme R Music workshops,overheads, payroll 327 - (327) - - -
Shaftesbury Young People R Music workshops - 9 651 (1 636) - - 8 015
St Olave's & St Saviour's SchoolsFoundation R Music workshops,overheads, payroll 380 - (380) - - -
The Brian Murtagh Charitable Trust R Music workshops,overheads, payroll 1 105 10 000 (5 593) - - 5 512
TheMarchusTrust R Music workshops,overheads, payroll 817 4000 (4816) - - 1
The SamuelGardner Memorial Trust R Music workshops - 750 (411) - - 339
UK Youth R Music workshops,overheads, payroll 3133 - (3133) - - -
Wandsworth Grant R Music workshops 1 810 - (1 630) - - 180
Other funds N/a N/a - - - - - -
Total Funds 48 718 99 591 (107 786) - - 40 523

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

Reason for transfer and where endowment is converted to
income, legalpower for its conversion		 Amount
Between unrestricted and
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds

27.4 Designated funds

Planned use Purpose of the designation Amount

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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)

TRUE

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.

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

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 This year Last year
£ £
Travel
Subsistence
Accommodation
Other (please specify):
TOTAL

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

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.

There have been no related party transactions in the reporting period (True or False)

Name of the trustee
or related party		 Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad
debts at period end		 Amounts
written off
during
reporting
period
£ £ £ £

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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.

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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.

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name Fairbeats Music members of On accounts for the year 31 August 2024 Charity no 1159133 ended (if any) ~~es eee~~ Set out on pages 1-10 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2024.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 23 Jun 2025 Signed: ~~oe~~ Name: Andrew M Wells Relevant professional FMAAT qualification(s) or body

1

Oct 2018

IER

(if any):

Address: 66 High Street Lewes, BN7 1XG

Section 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).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER