2024-12-10-accounts

REGISTERED CHARITY NUMBER: 1160119 IIEPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 DECEMBER 2024 FOR THE COMMONWEALTH RESOUl￿s Traviss & Co Ltd Chartered Certified Accountants Newtown House 38 Newtown Road Liphook Hampshire GU30 7DX

THE COMMONWEALTH RESOUNDS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 December 2024 Pag¢ Report of the Trustees Independent Examlner's Report Statement of Financial Activities Balance Sbeet Notes to the Financial Statements 6 to 13 Detailed Statement of Flnancial Aetivities 14 to 15

THE COMMONWEALTH RESOUNDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 10 December 2024 The tTUStees present their report with the financial statements of the Charity for the year ended 10 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objELts of the CIO ('objects') are specifically restricted to the following.. for the advancement of the education of the public in all &spects of music and musicianship in commonwealth countries in particular (but not exclusively) by'.- a) provision of perfornthnces, seminars, projects, masterclasses, discussions and outreach work for musicians, b) providllig facilities and oppoitunities to musicians and the public to develop tlieir ullderstanding and appreciation of music in all its aspects. c) develop partnerships between artists from different cultural origins and support training programmes for musicians. The charity confms that the trustee5 have complied with their duty to have due regard to guidance on public benefit published by the Charity Commission in exercising its powers or duties and in deciding what activities the charity should Idertake.The trustees believe that the charity'b accounts demonstrate that it acts for the public benefit. ACHIEVEMENT AND PERFORMANCE The Commonwealth Resounds continued to administer the Play On Fund to support music and make initiative$ worldwide, in collaboration with the Associated Board of the Royal Schools of Music (ABRSM). Play On has already made a significant impact by provAding f￿anCIal support to a diverse range of organisations outside of tlie UK.The Play On ￿nd has generously supported inspiring groups that are making a positive difference ia their communities through music. In collaboration with UK conservatories and 5pecialisÈ music schools, we took several musicAans to Antigua and Barbuda in July 2024 to Share our musical experiences and support the nurturing of young musical talent on these islands. We supportcd the Cornmonwcalth Music Relay project, a musical challenge for all Conmionwealth wuntries. tn October 2024, a small group of musicians travelled to Samoa for CHOGM 2024 to witness the fll]al perfornmnce of th¢ Commonwealth Music Relay. Again we have organised musicians for various events ￿nded by the Commonwealth Secretariat, and we also supported the Royal Commonwealth Society and Westminster Abbey by providing musicians for Commonwealth Day 2024. We helped them to prepare their musical prO￿ammeS and voluntarily assisted them with all logistics for the event. FINANCIAL REVIEW During the year to 10 December 2024 the charity had total income of £48,637 (2023: £85,829) and total expenditure of £46,199 (?023'. £65,494) giving net income of £2.438 for the year (2023.. £20,335) as shown on the Statement of Financial Activities on page 3 of the accounts. At the year end the charity held total fi￿dS of £25,589 (2023.. £23,151). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docu]nent The ch&rity is controlled by it governing document, a deed of trust and constitutes an incorporated charitable organisation (cio) REFERENCE AND ADMllYISTRATIVE DETAILS Registered Charlty number 1160119 Page I

THE COMMOIYWEALTH RESOUNDS REPORT OF THE TRUSTEES FOR THE YEAR KNDED 10 December 2024 Principal address 21 Croxton Fakenham NR21 ONP Trustees Acox Mwwess M Coakley Independent Examiner S Moorey FCCA Traviss & Co Ltd Chartered Certified ACcoUnt￿ts NewtoNvn House 38 NLthtown Road Liphook Hampshire GU30 7DX Approved by order of the board of trustees on .IS.£thy.. . and signed on its behalf by: M Coakley - Tr tee Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COMMOIYWEALTH RESOUNDS Independent examiner's report to the trustees of The Commonwealth Resounds I report to the charity trustees oll my examination of th¢ accounts of The Commonwealth Resounds (the Trust) for the year ended 10 December 2024, Responsibilities and basts of report As the chariry trustees of the Trust you are responsible for the preparation of the accounts iu accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the TTusVs accounts carricd out undLr 8eLtion 145 Df the Act and in carrying out my exarnination I have followed all applicable Directions givcn by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's slatement I have Completed my examination. I confm that no material matters have come to my attention in connection with the examinalion giving me ¢aus¢ to believ¢ that in any n￿terIaL respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records. OT the accounts do not comply with the applicable rcquircmcnts concerning the fom and content of accounts set out in the Charities (Account.% amd Rcp()rts) R¢&7ulations 2008 other than any requirement thai the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matteiB lli 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 reachLd, S Moorey FCCA Travi&s & Co Ltd Chartered Certified Accountant5 Newtown House 38 Newtown Road Liphook Hampshire GU30 7DX Page 3

THE COMMONWEALTH RESOUIWS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 10 December 2024 2024 Tot nds 2023 Total fimds Unrestricted funds Restricted funds Notes COME AND ENDOWMENTS FROM Donations and legacies 28,620 122 28,742 35,599 Charitable activities Music 19,895 19,895 50,230 Total 48,515 122 48,637 85,829 XPENDITURE ON Charitable activities Music 46,199 46,199 65,494 NET INCOME 2,316 122 2,438 20,335 RECONCILIATION OF FUNDS Total fi￿dS broughi forward 21,941 1,210 23,151 2,816 TOTAL FUNDS CARRIED FORWARD 24,257 1,332 25,589 23,151 The notes forni pai't of these fmancial statements Paoe 4

THE COMMONWEALTH RESOUNDS BALANCE SHEET ID December 2024 2024 Total fimds 2023 Total fimds Unrestricted funds Restricted fiulds Notes CURRENT ASSETS Debtors Cash at bank 1,966 23,131 1,966 24,463 188 23,931 1,332 25,097 1,332 26,429 24,119 CREDITORS Amounts falling due within one year (840) (840) (968) NET CURRENT ASSETS 24,257 1,332 25,589 23,151 TOTAL ASSETS LESS CURRENT LIABILITIES 24,257 1,332 25,589 23,151 NET ASSETS 24,257 1,332 25,589 23,151 FUNDS UnrcqiTiLted ￿ndS Restricted funds 10 24,257 1,332 21,941 1,210 TOTAL FUI¥DS 25,589 23,151 The fmancial staternents were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: M Coakley - tee Th¢ notes fonn part of these f￿anciaL statements Pa2e 5

THE COMMONWEALTH RESOUNDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 December 2024 ACCOUNTllNG POLICIES Basis of preparing the financial stalemenls The financial statemeiits of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Aceounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019),, FindllLial Rcporting Standard 102 'The Financial Rcporting Standard applicable in the UK and Republic of Ireland, and the Charitl¢s Act 2011. The fmancial statements have been PTLpared iirider the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlem¢nt to the fithds, it is probable that the income will be received and the amount can be measured r¢liably. Expenditure Liabilities are recognised as expenditure as soon as there ib (I ILgydl or conslnictive obligation conunitting the charity to that expeijditure, Lt is probable that a transfer of economic knefits will bL rcquircd in settlement alld the amount of the obligation can be rneaslwed reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources, Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestrirted fL￿dS can be iised in accordance with the charitable objectives at the discretion of the tNstees. Restricted thndy ¢an only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted pury)ose5. Further explanation of the nature and purpose of each ￿lla is included in the notes to the fllAancial statements. DOIYATIONS AND LEGACIES 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Donations Gift aid Grants 28,520 loo 117 28,637 105 34,587 412 600 28,620 122 28,742 35.599 Page 6 continued...

THE COMMONWEALTH RESOUNDS NOTES TO THE FINANCLIL STATEMENTS- contthued FOR THE YEAR ENDED 10 Deeember 2024 INCOME FROM CHARITABLE ACTivrriEs 2024 2023 Activity Contributions for travel and related costs for perforn]ances Music 19,895 50,230 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Cosls Totals Music 20,437 25,762 46,199 SUPPORT COSTS tnforniation technology Governance costs Management Finance Totals Music 389 60 247 25,066 25,762 TRUSTEES, REIIqUNERATION AEND BENEFITS There were no t￿Stees, rcmuneration or other benefits for the year ended 10 December 2024 nor for the year ended 10 December 2023. Truslees, expenses During the year M Coakley was paid £2,220 (2023 £2,220) in respect of legal services provided to the Commonwealth Resounds. He was also reimbursed travel expenses of £51. During the year A Cox clairned expenses of £719 (2023.. £nil) in respect of travel. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restiicted funds Total fl￿dS INCOME AND ENDOWMENTS FROM Donations and legacies 34,389 1,210 35,599 Charitable Activlties Music 50,230 50230 Total 84.619 1,210 85,829 EXPENDITURE ON Charitable activi¢A¢s Music 65,194 300 65.494 Page 7 continued...

THE COMMONWEALTH RESOUNDS NOTES TO THE FINANCIAL STATEMEiYfs- continued FOR THE YEAR ENDED 10 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fimds Total fimds NET INCOME Transfers between funds 19,425 (300) 910 300 20,335 Net movement in funds 19,125 1,210 20.335 RECONCILIATION OF FUNDS Total funds brought forward 2.816 2,816 TOTAL FUNDS CARRIED FORWARD 21,941 1,210 23,151 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 1,966 188 CREDITORS: AMOUNTS FALLING DUE WITHIN 01¥4E YEAR 2024 2023 Other creditors 840 968 Page 8 continued...

THE COMMONWEALTH RESOUNDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 10 December 2024 io. MOVEMENT IN FUM)S Net movement in fL￿dS Transfers between nds At 11.12.23 At 10.12.24 Unrestricted funds General tund Antigua Playon project Comllionwealth Mu5ir Relay International Peace Conference Commonwealth Blu¢ Charter World Ocean Event Commonwealth 75 6,283 8,725 (1,381) (1,000) (1.538) (249) (751) 1,381 (4.658) 1,538 249 14,257 15.658 10,000 69 (2,310) (69) 2,310 21,941 2,316 24,257 Restricted funds The Tony Gilbert Fund ALS and Spark for Llfe Fundraising Concert 860 350 860 472 122 1,210 122 1,332 TOTAL FUNDS 23,151 2,438 25,589 Net movement ill funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Antigua Playon project Commonwealth Music Relay International Peac¢ Conference Commonwealth Blue Charter World Ocean Event Commonwealth 75 20,000 14,815 10,000 2,500 400 (11,275) (16.196) (11,000) (4,038) (649) 8,725 (1,381) (1,000) (1,53 8) (249) 800 (731) (2,310) 69 (2,310) 48,515 (46,199) 2,316 Restricted funds ALS and Spark for Llfe Fundraising Concert 122 122 TOTAL FUNDS 48,637 (46,199) 2,438 Page 9 continued...

THE COMMONWEALTH RESOUNDS NOTES TO THE FINANCiAL ST ATEMENfs - continued FOR THE YEAR ENDED 10 December 2024 io. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers between fiLnds At 11.12.22 At 10.12.23 Unrestrlcted funds General fund Dionysus Antigua Jubilee Beacons Commonwealth Secretariat Antigua and Barbuda Youth Ssinphony Playon project Cominonwealth Music Relay (2,286) 2,394 238 2,470 16.064 (2,394) (5,249) (2,019) (35) (750) 15,658 (1,850) (7,495) 6,283 5,011 (451) 35 750 15,658 1,850 2,816 19,425 {300) 21,941 Restricted fund$ The Tony Gilbert Fund ALS and Spark for LIfe Fundraising Concert 860 50 860 350 300 910 300 1,210 TOTAL FUIYDS 2,816 20,335 23,151 Page 10 continued...

THE COMMONWEALTH RESOUI¥DS NOTES TO THE FINANCIAL STATEMENfS - continued FOR THE YEAR ENDED 10 Deeember 2024 io. MOVEMENT IN FUNDS - continued Comparative net movement in fijnds, included in the above are as follows: ncoming resources Resources expended Movement in funds Unrestricted funds General fimd Dionysus AntAgua Jubil¥C Beacons Commonwealth Secretariat Antigua and Barbuda Youth S￿phonY Playon project Conunonwealth Music Relay 25,000 3,350 33,303 (8,936) (5,744) (38,552) (2,019) (3,001) (750) (4,342) (1,850) 16.064 (2,394) (5,249) (2,019) (35) (750) 15,658 (1,850) 2,966 20,000 84,619 (65,194) 19,425 Restrlcted funds The Tony Gilbert Fund ALS and spa￿ for LIfe Fundraising Concert 860 350 860 50 (300) 1,210 (300) 910 TOTAL FUNDS 85,829 (65,494) 20,335 Page 11 continued...

THE COMMONWEALTH RESOUNDS INOTES TO THE FINANCIAL ST ATEMENTS - continued FOR THE YEAR ENDED 10 December 2024 io. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months con)bined posltion is as follows: Net movement in fLU]ds Transfers between funds At 11.12.22 At 10,12.24 Ullrestricted funds General fund Diony5US Antigiia Jubilee Beacons Commonwealth Secretariat Antigua and Barbuda Youlh Symphony Playon project Commonwealth Music Relay International Peace Coiiference Commonwealth Blue Charter World Ocean Event Commonwealth 75 (2,286) 2,394 238 2,470 24,789 (2,394) (6,630) (2,019) (35) (750) 14,658 (3,3 88) (249) (8,246) 14.257 6,392 (451) 35 750 (4,658) 3,388 249 10,000 69 (2,310) (69) 2,310 2,816 21,741 (300) 24,257 Restricted funds The Tony Gilbert Fund ALS and Spark for LIfe Fundraising Concert 860 172 860 472 300 1,032 300 1,332 TOTAL FUNDS 2,816 22,773 25,589 Page 12 continued...

THE COMMONWEALTH RESOUNDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 10 Deeember 2024 io. MOVEMENT IN FUNDS - Continued A current year 12 months and Prior year 12 months combined net movement in flfftds, included in the above are as follows., Incoming resources Resources expended Movement in funds Unrestricted funds General fund Dionysus Antigua Jubilee Beacons Commonwealth Secretariat Antigiia and Barbuda Youth Symphony Playon project Commonwealth Music Relay tnternational Peace Conference Commonwealth Blue Charter World Ocea Event Con)rnonwealth 75 45,000 3,350 48,l18 (20,211) (5,744) (54,748) (2,019) (3,001) (750) (15,342) (5,888) (649) 24,789 (2,394) (6,630) (2,019) (35) {750) 14,658 (3,3118) (249) 2,966 30,000 2,500 400 800 (731) (2,310) 69 (2,310) 133,134 (111,393) 21,741 Restrleted funds The Tony Gilbcrt Fund ALS and Spark for LIfe Fundraising Concert 860 472 860 172 (300) 1,332 (300) 1,032 TOTAL FUNDS 134,466 (111,693) 22,773 ii. RELATED PARTY DISCLOSURES There were no related paty transaction5 for the year ended 10 December 2024. Page 13

THE COMMONWEALTH RESOUNDS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 10 December 2024 2024 Total funds 2023 Total nds Unrestricted fi)nds Restricted funds INCOME AND ENDOWMENTS Donations and lega¢le$ Donations Gift aid Grants 28,520 loo 117 28,637 105 34,587 412 600 28,620 122 28.742 35,599 Charilable activities Contributions for travel and related costs for perforrnances 19,895 19,895 50,230 Total Incoming resources 48,515 122 48,637 85,829 EXPENDITURE Charitable adivitieg Musicians costs Travel P¢rforniing fees Flags & badbyLS Concert expenses 2,310 16,247 1,880 2,310 16,247 1,880 5,769 38,552 3,751 385 1,800 20,437 20,437 50,257 Support costs Management Insurance Postage and stationery Sundries 377 12 377 12 134 300 389 389 434 Finance Bank charges 60 60 61 Information technology Website hosting 247 247 This page does not form part of the ststutory fmancial statemetits Page 14

THE COMMONWEALTH RESOUNDS DETAILED STATEMENT OF FINANCIAL ACTivfriES FOR THE YEAR ENDED 10 December 2024 2024 Total funds 2023 Total fimds Ullrestricted ds Restricted fimds Information technology Governance costs Accounlancy and legal fees B(?()kkeeping Legal & Professional Fee5 858 2,220 21,988 858 2,220 21,988 780 2,220 11,742 25,066 25,066 14,742 Total resources expended 46,199 46,199 65,494 Net income 2,316 122 2,438 20,335 This page does not fo￿ part of the sta￿tOry fmancial statements Page 15