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2025-09-01-accounts

Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5

Fairbeats Music

Trustees Annual Report & Financial Statements

FOR THE YEAR ENDED 31 AUGUST 2025

Registered Charity No. 1159133

Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5

Fairbeats Music

Trustees Annual Report & Financial Statements

FOR THE YEAR ENDED 31 August 2025

CONTENTS Page
Report of the Trustees Pg. 1 - 6
Independent Examiner's Report to the Trustees Pg. 7
Statement of Financial Activities Pg. 8
Statement of Financial Position Pg. 9
Notes to the Financial Statements Pg. 10 - 18

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FAIRBEATS MUSIC

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Charity number Registered office

Independent examiner

Stephen Ryan (Apponitment on 02 May 2025) – Chair Nigel Tyler – Treasurer Esther Trewinnard Alison Dancer Anne-Marie Phillip-Howelll Carolyn Ehman (Resigned on 01 May 2025) Angela Anuforo Segun Lee-French Corinne Bass (Resigned on 06 May 2025) Irene Ogunseitan (Resigned on 18 December 2024) Dorothy Hoskins

1159133 PO BOX 37 St. Leonard's -On - Sea TN38 1NN Jonathan Chartres FCA 31 Moor Park Road, Hereford, England, HR4 0RR

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Fairbeats Music

Trsutees Annual Report & Financial Statements FOR THE YEAR ENDED 31 AUGUST 2025

Objectives and activities

Summary of the purposes of the charity as set out in its governing document

To promote and advance the education of the public in music, particularly young people , and people from

disadvantaged communities, in particular but not exclusively refugees, asylum seekers, new migrants, and those migrants of limited means.

To promote for the public benefit the study of music and other artistic activities in promoting intergrative and supportive communities, and publishing the useful results of such research.

Vision and mission

Our vision is for a society where all refugee, asylum seeking and migrant children and families have the opportunity to participate in musical activity to the extent they wish to. In doing so, they can experience the transformative benefits of music and creativity, and their human right to artistic experiences and expression is upheld.

Our mission is to provide relief and respite to refugee, asylum seeking and migrant children and families through music. In doing so, we aim to be an anchor in a chaotic and challenging world. We offer space and time outside the challenges of everyday existence a nurturing place for children to build friendships, express themselves and have their voices heard.

Our main activities:

  1. Leading music projects at and with Action for Refugees in Lewisham

  2. Leading music projects at and with Future Foundations (formerly Love to Learn, as was known in this period) Homework Club for young refugees and asylum seekers at the Katherine Low Settlement, Wandsworth

  3. Supporting young refugees, asylum seekers and new migrants to access other music making opportunities in London

  4. Training music leaders, sharing knowledge about our work with the wider music education community

The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and Performance

This year Fairbeats Music worked in community settings with our partners at Action for Refugees in Lewisham (AFRIL) and the Katherine Low Settlement in Wandsworth (KLS). We led music-making activities in these settings including singing, fife ukulele, creative music sessions, song-writing and music production (including looping and mixing). Participants were also supported to take part in additional music-making opportunities including ongoing instrumental lessons, performances recordings and trips to cultural organisations.

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Fairbeats Music

TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

In the period ending 31st August 2025, we achieved the following:

Core projects

100 children aged 4-11 took part in 33 weekly term-time sessions at 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 themes including family, emotions and time.

15 young people took part in music sessions over 12 weeks in term-time sessions at Love To Learn (L2L, now known as Future Foundations) at the Katherine Low Settlement (KLS), Battersea. Young people created a song with the theme of ‘celebration’ at the end of the autumn term 2024.

15 young people aged 11-16 took part in 6 sessions through Future Leaders AFRIL at Lewisham Music, Deptford Lounge and Radio Lewisham. The latter was a radio show produced and aired on the same day of the session. Our young people created a radio show and learned interview techniques. The sessions at Lewisham music and Deptford Lounge were early developments of their short film and song about their relationship and connection to music.

12 young people took part in a new pilot programme of Future Leaders with KLS , which included song and lyric-writing music production, vocal recording and crafting as well as a visit to community music and creative arts charity Raw Material and the musical Hamilton.

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Fairbeats Music

TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Progression routes

Performances and practice sharing

We held 2 sharings with families and friends and a Refugee Week performance at Rainbow Club

Organisational development

We recruited and welcomed a new Chair of Trustees

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Fairbeats Music

TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Impact

Recruiting a new Young Trainee Music Leader, who reported an increase in confidence in her work with young

people and her own social skills, and an increase in her self-esteem following the scheme

Enjoyed making their own songs, singing and making sounds

Found projects inspiring

Gained insights into different ways of making music and songwriting techniques

Found highlights to be writing lyric, creating group songs using instruments, making beats, experimenting with digital tools, collaborating with peers and performing

Liked and learned new skills on the drums

Discovered that music is an art form that can be expressed in various ways

Developed personal skills such as patience, turn-taking and trying their best

Learned about different genres of music and were inspired by different instruments and musicians

Made friends through Fairbeats activities

Valued the relationship with the music leaders

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Fairbeats Music

TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Participant, partner and wider community feedback:

Reserves Policy

The Trustees aim to maintain sufficient reserves to ensure financial stability and the continued delivery of the Charity’s objectives.

A target has been set at a minimum of six months’ operating expenditure, reflecting the Charity’s funding profile and operational needs. This provides a buffer to manage financial risks and maintain operations during periods of income uncertainty.

The level of reserves is reviewed quarterly by the Trustees and adjusted as necessary to ensure it remains appropriate.

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Fairbeats Music

TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Statement of Trustee Responsibilities

The trustees are responsible for preparing the Trustees' Report and financial statements in line with applicable law and UK Accounting Standards, including FRS 102.

They must ensure the financial statements give a true and fair view of the charity's position and activities. In doing so, they are required to:

The trustees confirms that, to the best of their knowledge, all relevant information has been shared with the charity's examiners, and reasonable steps have been taken to ensure the examiners are fully informed.

Signed by:

----- Start of picture text -----
6/25/2026
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----- Start of picture text -----
6/25/2026
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Stephen Ryan Nigel Tyler Chair Treasurer

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Fairbeats Music

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

I report to the trustees on my examination of the financial statements of Fairbeats Music for the year ended 31 August 2025.

This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011 and the Charity Commission’s Directions. Our work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our work, for this report, or for the opinions we have formed.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the 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 examiner's statement

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

The accounting records were not kept in accordance with section 130 of the Charities Act; or

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.

Jonathan Chartres FCA 31 Moor Park Road, Hereford England, HR4 0RR

Dated: 6/25/2026

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Fairbeats Music

STATEMENT OF FINANCIAL ACTIVITES (Including Income and Expenditure Account) FOR THE YEAR ENDED 31 August 2025

----- Start of picture text -----
Unrestricted Restricted Total Total
Note Funds Funds 2025 2024
£ £ £ £
Income and endowments from: 3
Grants & Donations 26,556 103,591 130,147 94,191
Charitable activities 1,002 - 1,002 555
Total Income 27,558 103,591 131,149 94,746
Expenditure on: 4
Raising funds 2,299 3,582 5,881 5,288
Charitable activities 24,743 104,433 129,176 98,403
Other - 500 500 480
Total Expenditure 27,042 108,515 135,558 104,171
Net expenditure for the year/
Net movement in funds 516 (4,924) (4,409) (9,425)
Fund balances at 1 September 2024 21,913 9,184 31,098 40,523
Fund balances at 31 August 2025 22,429 4,260 26,689 31,098
----- End of picture text -----

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Fairbeats Music

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

----- Start of picture text -----
Note 2025 2024
£ £
CURRENT ASSETS
Debtors 8 4,200 4,200
Cash on short term deposit at bank and in hand 10 61,234 70,731
65,434 74,931
CREDITORS:
Amounts falling due within one year 9 (38,745) (43,833)
Net current assets 26,689 31,098
Total assets less current liabilities 26,689 31,098
Income funds
Restricted income 4,260 9,184
Designated Reserve 15,000 13,000
Unrestricted Funds 7,429 8,914
Total Funds 26,689 31,098
----- End of picture text -----

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 25.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The trustees have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 27 April 2026 and were signed on its behalf by:

Signed by

----- Start of picture text -----
6/25/2026
Stephen Ryan
Chair
----- End of picture text -----

----- Start of picture text -----
6/25/2026
Nigel Tyler
Treasurer
----- End of picture text -----

Charity registration number 1159133

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Fairbeats Music

NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

1 Basic of preparation

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.The accounts have been prepared in accordance with: The statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.

Going concern

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.

Recognition of income:

These are included in the statement of Financial Activities (SOFA) when the trustee becomes entitled to the resources,

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).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 with in the control of the charity or have been met.

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.

Contractual income and performance related grants

This is only included in the SOFA once the charity has provided the related goods or services or met the performance related conditions.

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Fairbeats Music

NOTES TO THE FINANCIAL STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Donated goods

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do . so. 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 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

Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable.

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. 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.

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

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.

Investment gains and losses

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 Expenditure And Liabilities

Liability recognition

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.

Governance and support costs

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.

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Fairbeats Music

NOTES TO THE FINANCIAL STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Grants with performance conditions

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

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.

Redundancy cost

Redundancy cost : The charity made no redundancy payments during the reporting period.

Creditors

Creditors: The charity has creditors which are measured at settlement amounts less any trade discounts.

Provisions for liabilities

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

Basic financial instruments: 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.

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.

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 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.

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Fairbeats Music

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

3. Analysis of income

Donations and gifts
General grants provided by government/other charities
Charitable activities
Total
Charitable activities
Other
Total
4. Analysis of expenditure
Unrestricted
funds
£
Incurred seeking grants
2,299
Total
2,299
Expenditure on charitable activities
Unrestricted
funds
£
Core cost
5,937
Programme delivery
6,757
Payroll
12,050
Total
24,743
Other
Unrestricted
funds
£
Audit fees
-
Total
-		 Unrestricted
Restricted
Total
Total
funds
Income funds
2025
2024
£
£
£
£
21,556
-
21,556
760
5,000
103,591
108,591
93,431
1,002
-
1,002
555
27,558
103,591
131,149
94,746
1,002
-
1,002
555
1,002
-
1,002
555
Restricted
Endowment
Total
Total
Income funds
funds
2025
2024
£
£
£
£
3,582
-
5,881
5,288
-
3,582
-
5,881
5,288
Restricted
Endowment
Total
Total
Income funds
funds
2025
2024
£
£
£
£
22,267
-
28,204
13,389
36,367
-
43,123
27,818
45,800
-
57,850
57,196
104,433
-
129,176
98,403
Restricted
Endowment
Total
Total
Income funds
funds
2025
2024
£
£
£
£
500
-
500
480
500
-
500
480

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Fairbeats Music

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

5. Fees for examination of the accounts

Independent examiner’s fees
Total
6. Paid employees
6.1 Staff Costs
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Total		 Total
Total
2025
2024
£
£
500
480
500
480
Total
Total
2025
2024
£
£
56,002
55,100
(366)
-
2,213
2,096
57,850
57,196

6.2 Average head count in the year

Charitable Activities
Total		 Total
Total
2025
2024
4
4
4
4

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

Amount of contributions recognised in the SOFA as an expense £2,213 (2024- £2,096)

8. Debtors and prepayments

Trade debtors
Other debtors
Total		 This Year
Prior Year
2025
2024
£
£
4,000
4,000
200
200
4,200
4,200

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Fairbeats Music

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

9.1 Creditors: amounts falling due within one year

Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors
Pension Payable
Wages Payable
Total		 2025
2024
£
£
1,711
610
38,142
42,470
( 1,718 )
728
25
25
326
-
259
-
38,745
43,833

9.2 Deferred income

9.2 Deferred income
Grant relating to the year ended 31 August 2026 were received in the year ended 31 August 2025
Movement in deferred income account
Balance at the start of the reporting period
Amounts added in current period		 Total
2025
-
36,172		 Total
2024
-
41,000
Total 36,172 41,000
10. Cash at bank and in hand
Movement in deferred income account
Cash at bank and on hand		 Total
2025
61,234		 Total
2024
70,731
Total 61,234 70,731

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Fairbeats Music

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

11. Summary of Funds- Current year

General Funds
Unrestricted Fund / Individual Giving
City Bridge Foundation
Belpech Trust
Emma Smiley
Horizon Foundation
Masonic Charitable Trust
Nigel Higgins
Susan Rockey
UK Youth
Total General Funds
Total unrestricted funds
AHRC Project
Brian Murtagh Charitable Trust
Garfield Weston Foundation
Invesco Cares
Lewisham Borough of Sanctuary
Martyn Donaldson
National Foundation for Youth Music - B/fwd
National Foundation for Youth Music
Shaftesbury Young People
Sisters of the Holy Cross
Society of the Holy Child Jesus
Special Collections / Appeals
Tesco Community Grants
The Big Give Trust
The Foyle Foundation
The Hilden Charitable Fund
The Marchus Trust
Trinity Laban
The Samuel Gardner Memorial Trust
The Swan Mountain Trust
Total restricted funds
Total funds		 Balance at
01/09/2024
13,162
-
2,263
3,150
2,226
-
-
1,113
-
21,913
21,913
-
435
-
796
-
409
4,599
-
899
-
-
-
320
222
1,300
-
-
-
205
-
9,184
31,098		 Income
Expenditure Transfers
In/Out
2,058
2,910
-
4,500
-
-
5,000
3,675
-
-
1,619
-
-
2,226
-
5,000
5,000
-
1,000
500
-
-
1,113
-
10,000
10,000
-
27,558
27,042
-
27,558
27,042
-
500
500
-
-
-
-
15,000
15,000
-
-
796
-
1,500
1,500
-
-
409
-
-
4,599
-
40,181
40,181
-
-
899
-
20,000
20,000
-
10,000
8,475
-
85
85
-
-
320
-
-
222
-
-
-
-
7,000
6,000
-
5,000
5,000
-
325
325
-
-
205
-
4,000
4,000
-
103,591
108,515
-
131,149
135,557
-		 Balance at
31/08/2025
12,310
4,500
3,588
1,531
-
-
500
-
-
22,429
22,429
-
435
-
-
-
-
-
-
-
-
1,525
-
-
-
1,300
1,000
-
-
-
-
4,260
26,689

Note - During the year, the 'Martyn Donaldson' fund was reclassified and is now presented as a restricted fund.

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Fairbeats Music NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

12. Charity funds

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

Key: PE - Permanent Endowment funds; EE - Expendible Endowment funds; R - Restricted income funds, including special trusts, of the charity; and UR -Unrestricted funds

Fund names
Type PE,
Purpose and Restrictions
EE, R or UR
Unrestricted Fund / Individual Giving
UR
City Bridge Foundation
UR
Belpech Trust
UR
Emma Smiley
UR
Horizon Foundation
UR
Masonic Charitable Trust
UR
Nigel Higgins
UR
Susan Rockey
UR
UK Youth
UR
AHRC Project
R
Research partnership
Brian Murtagh Charitable Trust
R
Programme delivery
Garfield Weston Foundation
R
Core costs
R
Bursaries programme delivery
R
Future Leaders Lewisham programme delivery
Martyn Donaldson
R
Lewisham programme delivery
National Foundation for Youth Music - B/fwd
R
Future Leaders Lewisham programme delivery
National Foundation for Youth Music
R
Programme delivery
Shaftesbury Young People
R
Future Leaders programme delivery
Sisters of the Holy Cross
R
Core costs
Society of the Holy Child Jesus
R
Core costs
Special Collections / Appeals
R
Programme delivery
Tesco Community Grants
R
Programme delivery
The Big Give Trust
R
Lewisham programme delivery
The Foyle Foundation
R
Core costs
The Hilden Charitable Fund
R
Core costs
The Marchus Trust
R
Love to Learn programme delivery
Trinity Laban
R
Future Leaders programme delivery
The Samuel Gardner Memorial Trust
R
Programme delivery
The Swan Mountain Trust
R
Love to Learn programme delivery
Total		 Fund
Balances
B/Fwd.
13,162
-
2,263
3,150
2,226
-
-
1,113
-
-
435
-
796
-
409
4,599
-
899
-
-
-
320
222
1,300
-
-
-
205
-
31,098		 Income
2,058
4,500
5,000
-
-
5,000
1,000
-
10,000
500
-
15,000
-
1,500
-
-
40,181
-
20,000
10,000
85
-
-
-
7,000
5,000
325
-
4,000
131,149		 Expenditure
(2,910.0)
-
(3,675.0)
(1,618.8)
(2,225.6)
(5,000.0)
(500.0)
(1,112.8)
(10,000.0)
(500.0)
-
(15,000.0)
(796.1)
(1,500.0)
(408.8)
(4,598.6)
(40,181.0)
(898.6)
(20,000.0)
(8,474.8)
(85.0)
(320.0)
(222.0)
-
(6,000.0)
(5,000.0)
(325.0)
(205.4)
(4,000.0)
( 135,557 )		 Transfers
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Gains and
Losses
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Fund
Balances
Carried fwd.
12,310
4,500
3,588
1,531
-
-
500
-
-
-
435
-
-
-
-
-
-
( 0 )
-
1,525
-
-
-
1,300
1,000
-
-
-
-
26,689

17

Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5

Fairbeats Music

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

12. Charity funds

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

Key: PE - Permanent Endowment funds; EE - Expendible Endowment funds; R - Restricted income funds, including special trusts, of the charity; and UR -Unrestricted funds

Fund names
Type PE,
Purpose and Restrictions
EE, R or UR
Individual Giving
UR
Project management, training etc
Belpech Trust
UR
Music workshops & Fairbeats overheads
Emma Smiley
UR
Music workshops & Fairbeats overheads
Horizon Foundation
UR
Music workshops
Martyn Donaldson
UR
Music workshops & Fairbeats overheads
Masonic Charitable Trust
UR
Music workshops & Fairbeats overheads
Susan Rockey
UR
Music workshops, overheads, payroll
Invesco Cares
R
Music lessons, tickets
National Foundation for Youth Music 21-24
R
Music workshops, overheads, payroll
Shaftesbury Young People
R
Music workshops
Sisters of the Holy Cross
R
Music workshops, overheads, payroll
Tesco Community Grants
R
Music workshops, overheads, payroll
R
Music workshops, overheads, payroll
R
Music workshops, overheads, payroll
The Foyle Foundation
R
Music workshops, overheads, payroll
The Samuel Gardner Memorial Trust
R
Music workshops
Wandsworth Grant
R
Music workshops
Other funds
R
Total		 Fund
Income
Balances
B/Fwd.
11,847
1,315
6,157
-
13,027
2,418
-
409
-
-
5,000
1,113
-
796
-
3,737
39,892
8,015
-
-
20,000
-
1,000
-
4,702
5,512
-
10,000
339
-
180
-
-
-
40,523
94,936		 Expenditure
-
( 3,894 )
( 9,877 )
( 192 )
-
( 5,000 )
-
-
( 39,030 )
( 7,117 )
( 20,000 )
( 680 )
( 4,480 )
( 5,077 )
( 8,700 )
( 134 )
( 180 )
-
( 104,361 )		 Transfers
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Gains and
Losses
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Fund
Balances
Carried fwd.
13,162
2,263
3,150
2,226
409
-
1,113
796
4,599
898
-
320
222
435
1,300
205
-
-
31,098

18