2023-12-10-accounts

REGISTERED CHARITY NUMBER: 1160119 REPORT OF THE TRUSTBES AND UTr4AUDITED FINANCIAL STATELWtENTS FOR TE￿ YEAR EF4TJKD 10 DECEMBER 2023 FOR THE COMMONWKALTH RESOUNDS Traviss & Co Ltd ctmtered Certified Accountattts Ne￿tsWn House 38 Newtown Ro Liphook Hampshire GU30 7DX

THE COMMONWEALTH RESOUNDS CONTENTS OF THE FINANCIAL STATEMKNTS FOR THE YEAR ENDED JII DECEMBER 21123 Page RepDrt of the Trustees Independent Examlner's Report Statement of Fittantiai Activitie5 Balance Sheet Notes to the Fln&neixl Ststememts 6 to 12

THE COMMONWEALTH RE.8OIINDS REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 10 DECEMBER 2023 Th¢ trnstees p￿sent their r¢port with the fmancial statements of the Charity for the year ended 10 De¢emb¢r 2023. The trustces have adopted the provisions of Accounting and Reporting by CharitlES.' StatemerLt (Ff R￿0MMended Pra¢ti¢¢ appliGable to Charities preparillg their accounts in accordance with die Financial Reporting Standard applicable in the UK aTd Republic of Ireland {FRS 102) leffectiv¢ l January 20191. OBJECTIVLS AND ACTITrITIES Objectlves and aitn The obje¢t8 of the CIO ('objects'l are specifically restricted tr> the follo￿?￿g.. for the advancement of thc education of the publib in all aspec¢$ of music and musicianship in com￿orlw£atIh countrtes ill paxlicular (but not exolusively) by:_ a) provislon of perf¢)rn]ance8, s¢minats, projects, m8$ter¢lasses, discu8sions and outrcach work for musicians. bl providing £aciliti¢s and opportunities to musicians ond the public to develop their understanding and appreciation of ustc in all its i￿peCts. c) develop partu￿￿h1ps betwren artists fronL diff6rent cultural origitLS and support training progranynes for musician6. The charity confinns that the In￿te¢S have complied with their duty to have due regard to guidance on public IKnefit published by the Charity Co]h)mission in exercising its powers or dutie8 and in dwiding what activities the charity should undertake.The trustees believe that the charitgs accounts demonstrate that it acts for the public benefit. ACHIKVEMENT ATr4D PERFORMANCE The Associated Board of the Royal Schools of Mu%ic {ARRSM} and The Commonwealth Resounds launched the Play On fund in January 2023 to support music making initiativcs worldwide. Administered by The Commonwealth Resound, Play On has a]ready begun to nMkB 71 5ignifLGant impact by providing fjnancial support to a diverse rallge of organisation8 Outside of the UK. In 2023, the Play On fund has generously 8upported ten inspiring groups that are making a positive diffErencc in their communities through music. In collaboration with UK con8ervatories and specialist m￿lC schoo]4 w¢ took sev¢ral musicians to Antigua and Barbuda in July 2023 to share our musical experi￿C$ ay)d support the nurturillg of young musical tslent on these islands. We launehed thc Commonwealth Music Relay project, a musical challenge for all Commonwealth countries. Later tllls year in Octobcr 2024, & small group of mUSSGians Thiu b¢ travelling to Samoa for CHOGM 2024 to witness the fu￿1 perf0m￿nCe of the Com￿OnWe81th Music Relay. Agaiu we have organisEd musicians for various events ￿llded by the Commonwealth SecretariaL and sinGc the year end we also yupported the Royal Commonwealth Society and Westminst¢r Abbey by providing musicians for Con)monwealth Day 2024. We helped them to prepare their rnusical programmes and volulltarily a8sist¢d them with all logi5tic$ for the event. FINANCIAL REVIEW During the y¢ar to 10 December 2023 the charity had total incorne of £85,829 (2022.. £32,949) total exp¢uditur¢ of £65,494 {2022.' £40,077) glvillg net income of £20,335 for the year 12022.. net deficit £7,128) &8 shown on the Statement of FitYdAcial Activitie8 on page 3 of the aicoullts. At the year ¢nd the charity h¢ld total fund8 of £23,151 (2022.. £2,816). STRUCTURE, GOVERNANCE AND mANAGEm￿lyT Governln% document The clwity is controlled by it governing document, a deed of trust and constitutes an in¢oryorated ¢haritabl¢ org<tnisation (CIO). REFERENCE AND ADMINtSTRATIVE DETAILS Registered Charlty llumber 1160119 Page I

THE COMMONWEALTH RLSOUNDS REPORT OF THE TRUSTEES FOR THE YEAR E.YDED 10 DECEMBER 2023 Principal Address 21 Croxton Fak¢nham NR21 ONP Trustees Acox Mwwess M Coakley Independent Fxamlner S Moorey FCCA Travi$8 & Co Ltd Chartered Certified Accountattts House 38 Newtown Road Liphook Hampshtre fjU30 7DX Approved by order of the board tsf trustees on . ... gttd signed on its behalf by.. M Coakley- T Éee Page 2

JNDEPEf4DENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COMMONWEALTH RESOUNDS Independent examitter's report to the trustees of The ConunonweAlth Re$ound8 I report to the Charity twstees on my examinLtion of the accounts of The Conunonw6alth Resoullds (the Trust) for the y&4E ended 10 December 2023. Re5ponsibilitie5 and basls of report As the charity trustEeS of the Truqt you are responsible for the preparation of the accounts in acGordance the requirements of the Charities Act 2011 ('Ihe AcV}. I report in respect of my examination of the Tn]st's accounis catTied out under S¢ction 145 of the Act and in carrying out my examination J have followed all applicable Direction$ giv￿ by the Charity Commission under Section 145(5)(b) of the A¢t. Independent cxamillcr's statement I have completed my cx2mination. I confinn that no mat￿.la1 tDatter6 hav¢ rome to my attention in oonnection with the examination giving mc Gau5e to believe that in any material re8peet'. accounting records were Aot kept in respect of the Trust as rEquiTed by Section 130 of the Act. or the accounts do not accord with thos¢ r¢cords,' or the accounts do not comply with the applicable requir¢ments concerntng the forni and content of accounts set out in the Charities (Arcounts and Reports) R¢gulations 2008 other than any requiremtnt that the a¢counts give a Ift￿ and fair view which is not a matter considered a8 part of att independent examination. I have no Concerns and have corrte across no other matt¢r8 in cot￿￿ctIOn with the examination to which attention Should be drdwn in this report in order to enable a proper understhndin8 of the ac¢ount8 to be reached. S Moorey FCCA Traviss & Co Ltd Chartered Certified Accountants Ne￿to￿Tr House 38 Newtoww Road Liphook H%unpsbire GU30 7DX Date.. Page 3

THE COMMONWEALTH RESOUNDS STATEMENT OF FINANCIAL ACTIVITIES FOR THf YEAR KNDED 10 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestrict fund5 Restricted funds Not¢$ INCOME AND ENDOWMENTS FROM Donations and legacies 34J89 1,210 35,599 4,389 Charltable activltte5 M￿SiC $0,230 50330 28,560 Total 84,619 1,210 85,829 32.949 EXPENDrruRE ON Raising thnds 2.000 CharltAble activllles Music 65,194 300 65,494 38,077 Total 65,194 301J 65.494 40,077 L¥ET INCOTh￿(ExPEf4DITUA￿) Transfer$ between funds 19,425 (300) 910 300 20J35 {7,128) Trlet movement In funds 19,125 1,210 20,335 (7,128) RECONCILIATION OF FUNDS Total funds brought fonvard 2,816 2,810 9,944 TOTAL FUNDS CARRIED FORWARD 21,941 1,210 23,151 2,816 The notes forni part of these finanoial statsinEnts Page 4

THE COLKMOIYWEALTH RESOUNDS BALANCE SHEKT 10 DECEMBER 2023 2023 Total fund 2022 Total funds Unrestricted Restricted fund$ Notes CURRENT ASSETS Debtors Cash at bank 188 22,721 188 23.931 310 5,488 1,210 22,909 1,210 24,119 5,798 CREDITORS Amount5 falling due within one year 10 (968) (968) (2.982) r4ET CURRENT ASSETS 21,941 1,210 23,151 2.816 TOTAL ASSETS LESS CURRENT LIABILITIES 21,941 1,210 23,ISI 2.816 P4KT ASSETS 21,941 1,210 23,151 2,816 FUNDS Unrestricted funds Restricted thnds 21,941 1,210 2,816 TOTAL FUNDS 23,151 2,816 The financial statements were approved by the B0￿d of Twstees and authori8ed for issue ..rt...a.u￿.￿I￿... aTLd were signed on its behalfby. on M Coakley- T The notes forni part of these finanoial statements Page 5

THE COMMONWEALTH RESOUNDS NOTES TO THE FINANCIAL STATELIIENTS FOR THE YEAR ENDED 10 DECEMBER 2023 ACCOUNTING POLICIES Basls of preparing the financial statements The f]nancial statements of the charity, which i8 a public bencfit c￿lty under FRS 102. have been prepared itt accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Praclice applicable to clMTities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK alld Republic of Ireland (FRS 102) (effe¢tive I January 2019),, Fitt#n¢ial Reporting St￿]dard 102 'The Financial Reporting Standard applicable in the UK aThl RepubliG of Ireland, ar￿ the Charities Act 201 l. The finaJKial ststements have been prq)arcd UDd¢r the hist0T1￿1 cos¢ convcntion. Income All income is recognised in the Stat¢m¢nt of Financial Activities once the charity h88 entitlement to the fjjnds, it is probabl¢ that the income wyll be received and the amount can be measured rEliably. Expenditure Liabilities are re¢ogDised a5 ¢xp¢nditur¢ as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic beneftts will be r¢quired in settlement and the amount of the Obl￿atIon can be measured reliably. Expenditure is accounted for on an accNals basis and has been classilied under headings that aggregate all ¢o&t related to th¢ ¢Jtegory. Where costs ¢￿￿0t be directly attributed to particular headings Lhey hitv¢ allocat¢d to ￿tivItIeS on a basis consistellt with the use of resources. Taxation The charlty is exempt from tax on its ¢horitable acti￿ties. Fund accountlng Unre8tri¢ted fvnds can be used in 8¢¢tsrdaT￿ with the Charitable objectives at the discretion of the trustcel. Restricted fi￿d8 ¢an ¢)nly be used for particular restricted puryo8e8 Witbin the objects of the chartty. Restricliolls ari$¢ ￿cIfIed by the donor or fi￿dS are raised for particular re6tiicted puryose$. Further explanation of the nature and purpose of each fimd 18 in¢luded irt the notes to the financial statements. DONATIONS AND LEGACIES 2023 T•tal funds 2022 Total Unrestricted ftll)d5 Restricted fund8 Donations Gift aid Grant8 33,377 412 000 1,210 34.587 412 600 3,746 34,389 iJio 35,599 4,389 Page 6 continued...

THE COMMOTrIWEALTH RESOUNDS NOTES TO THE FINANCIAL STATEMETr4TS- continued FOR THE YEAR ENDED 10 DECETrIBER 2023 INCOME FROM CHARrrABLE ACTivrrIEs 2013 2022 Activity Contrihutions for travel and related costs for perfomiances Grartts Music Music 50230 18,720 9,840 5023 28,560 Grants received, Included in the alxive, att as follow8.. 2023 2022 Lottery flu￿]ng Jubilee Beacons Projects 9.840 IL4ISLNG FUNDS RalslnE donatlon$ and legacie 2023 Total funds 2022 TotaI nds Unrestricted Restri¢tEd funds Support costs 2,000 CHAJUTABLE ACTMTIES COSTS Support costs (see note 6) Direct Costs Total$ Musi¢ 50,257 15,237 65,494 SUPPORT COSTS Governance costs Management Finance Totals Music 434 oi 14,742 15,237 Page 7 colltinued...

THE COMMOIYWEALTH RESOUNDS TrIOTES TO THE FINANCIAL STA TF.MFPITS- Continued FOR THE YEAR Ef4DED 10 DECEMBER 2023 TRUSTEES, REMUNERATION AND BENEFITS There were n(Tr truste¢s' remuneration or other benefLt$ for the year ended 10 December 2023 nor for the year ended 10 DeCe￿ber 2022. Trustee5' expense8 During the year M Coaki¢y was paid £2.220 (2022 - £2,000) in respect of legal services provided to the Con]monwealth Re8ound8. During thc year A Cox claimed expenses of £nil {2022.. £160) in r¢$pe¢t of travellillg. During the year M W¢ss was repaid the balance of £1,202 which was due to hi￿ at the previous year end. At 10 December 2023 £nil was due to M Wess. COMPARATIVES FOR THE STATELIqENT OF FINANCIAL ACTIvrriES Unrestricted fimds Rc8triGted funds Total funds INCOME AND ENDOWMEKfs FROM Donations a]Ml Icgacies 4,389 4,389 Charltable actlvltles Music 28,560 28,560 Total 32,949 32.949 EXPENDrruRE ON Raising funds 2.000 2,000 Charltable Actlvitie5 Music 38,077 38,077 Tota] 40,077 40,077 NET INCOMEI(EXPKNDITURE> (7,128) {7,128) RECONCILIATION OF FUIYDS Total funds brought fonvard 9.944 9,944 TOTAL FUNDS CARRtED FORWARD 2,816 2,816 Page 8 continued...

THE COMMONWEALTH RESOUNDS TrIOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED I& DECE.MBER 21123 DEBTORS: AMOULYTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors 188 310 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other credito 968 2,982 MOVEMEF4T IN FUTr4DS NEI tnov¢m¢ut in ￿ndS Tran8f¢rs between At 11.12.22 At 10.12.23 unrestr1¢t￿ funds General fund Dionysus Antigua Jubilee BeaconB Con]monw¢alth Secretariat Aniigua and Barbuda Youth Symphony Plajon project Comtnonwealth Music Relay 12,286) 2094 238 2,470 16,004 (2,394) (S,249) {2,019} {3S) (750) 15,658 (1,850) (7,495) 6283 5,011 1451) 35 750 15,658 iJso I￿16 19,425 (300) 21,941 Restrleted fund Thc Tony Gilbert Fund ALS and Spark for Llfe Fundraising Concert 860 860 300 350 910 300 1,210 TOTAL FUNDS 2,816 20J35 23.151 Page 9 continu¢d...

THE COMMONWEALTH RESOUNDS NOTES TO THE VIP4ADICIAL STATEMENTS- continued FOR THE YEAR ENDED 111 DECEMBER 2023 ii. LWOVEMENT IN FUNDS- contlnued Net movement in fi￿d8, included in the above as follows.. Incoming re8ouroe5 Resources expended ovement in fund Unrestrlcted fi￿￿8 General fund Diony5US Antigua Jubilee Bcacnns Commonwealth S¢¢retariat AT]tigua a￿1 Barbuda Youth Syjnpbony Pla)Qn project Conunonwealth Music Relay 25,0011 3?50 33J03 (&936) (S744) (38J52) (2.019) (3,001) (750) (4,342) (1,850) 16,064 (2J94) (5249) (2,019) (35) (750) 15,658 (1,85(1) 2,966 20,000 84ffj19 (65,194) 19,425 Re5trA¢ted funds The Tony Gilbert Fund ALS and Spark for Llf¢ Fundrat8ln8 Concert 860 860 350 (3001 50 1,210 (300) 910 TOTAL FUNDS 85,829 (65A94) 20,335 Comparatives for movement In fllnds Net TraD8f¢rs between At 11.12.21 At 10.12.22 in funds Unrestrlcted funds General fiuid Diony5US Antigua CICA Awards Jubilee Beacons Commonwealth SEGTetariat 8,206 1,500 238 {10,552) 894 60 (2,286) 2,394 238 97 2.470 137) (97) 2,470 37 9,944 17,128) 2,816 TOTAL FUF4DS 9,944 {7,128) 2,816 Page 10 ¢ontinued...

THE COMIVIONWEALTH RESOUNDS NOTES TO THE Fll¥AI¥CIAL STATEMENTS- continued FOR THE YEAR ENDED 10 DECEMBER 21123 ii. MOVEMENT IN FUP4DS- eontlnued Comparative net mov¢m¢nt Ill fi￿d8. included in the above are as follows.. Incoming resource6 Resources expended hlovement in fvnds Unrestricted funds General fund Dionysus CICA Awards Jubilee Beacons Commonwealth s￿￿tariat 110,552) {10,775) (5,083) (11,570) {2,097) {10552) 894 97 2,470 (37) 11.669 5,180 14,040 2,060 32.949 (40,077) {7,128) TOTAL FUNDS 32,949 (40,0771 (7,128) A CUFTent year 12 m¢)nths and prior Ye￿ 12 month8 wmbined position is as follows: Net movement Transfers bEtW￿ll fi]￿$ At 11.12.21 At 10.12.23 Unrestr5cted fund$ General fLmd Dionysus Antigua CICA Awards Jubilee Beacons COM￿OnWEalth SeGretariat Antigua and Barbuda Youth Siunphony Playon project Conllnonwealth Music Relay 8,206 1,500 238 S,512 11,5001 15,249) 97 451 (72) (750) 15,658 {1,850) (7.435) 6,283 5,011 (97) (451) 72 750 15,658 1.850 9,944 12,297 (300) 21,941 Restricted funds The Tony Gilbert Fund ALS amd Spark for Llfe Fundraising Concert 860 860 50 300 350 910 300 1210 TOTAL FUNDS 9,944 13207 23,151 Pagell continued...

THE COMMONWEALTH RESOUNDS NOTES TO THE FINANCIAL STATKIVIELYTS- eontlnued FOR THE YEAR ENDED 10 DECEMBER 2023 ii. MOvE1￿ENT IN FUNDS- continued A current year 12 month$ and prior year 12 months combined net movcmcnt ID funds. included in the above are as followb.. Incoming resources Resources expended Movement in fi]nd$ Unrestrl¢ted fund$ Gen¢ral hnd Dionysus Antigua CICA Awards Jubile¢ Beacons Commonwealth Se¢ret8riat Antigua and Barbuda Youth Symphony Pla)rf)n project Commonwealth Music Relay 25,000 15,019 33,303 5,180 14,040 5,026 (19,488) (16,519) 138,552) 15,083) {13,589} (5.098) {750) {4,342} (1,850} 5,512 (1,500} (5,249) 97 451 (72) {750) 15,658 (1,850) 20,000 I 17.568 <105,271) 12,297 Re$tri¢tsd funds The Tony Gill￿rt Fund ALS and Spark for Llfe Fundraising Concert 860 860 350 (300) 50 1,210 (300) 910 TOTAL FUNDS 118,778 (105.571) 13.207 12. RELATED PARTY DISCLOSURES There were no r¢L4ted party transactions for the year ended 10 December 2023. Page 12