wisham
Reporkof
the TrLfstee
and audit
financial
statements
for the year ended 31 March 2024
for Lewisham Music
Haines Watts. Chartered
Accountants & Statutory Auditors
Old Station House, Station Approach
Newport streeL Swindon, SNI 3DU
Registered Charity Number1169721

Contents
Tl.
Report of the Trustees
h2o-21
statement of Cash Flows
12-15
22-23 Yl.
Report 8nhe
Independent Auditors -
Notes to the Statement
of Cash Flows
16-17
statement of Financial
Activities
H)1124-42
*Notes to the Financial
statéments
18-19
statement of Financial
Position

Report
of the
Trustees

The trustees Present their report with the linonciol statements ol the chority lor rhe year ended 31 March 2024. The
trustees hove adopted the provisions ol Accounting and R&portlng by Chorities.. Statement ol Recommended
Proctice appli¢oble to charities prepoiing their accounts in accordonce with the Financial Reporting Standord
applicable in the UK and Ropublic of Ireland {FRS 102) {ellective l January 2019).
The Ilnonciol statements cover the pèriod from l April 2023 to 31 Mor¢h 2024.
Trustees
Audrey Bleozard
Dame Joan Ruddock
22 July 2021
20th hAarch 2019
2nd térm ends 10 July 2027
term ends 20 March 2025
Fiono Lombert
10 December 2018
2W term ends10 December 2024
Jim Ripley
Loteelah Brown
23 Moich 2022
1st term ends 23 March 2025
19 July 2023
19 July 2023
22 July 2021
10 December 2018
isl term ends 19 July 2026
I￿ term ends19 July 202e
term ends 10 July 2027
2nd term ends 10 De¢gmber 2024
1st term ends 15 Moy 2027
Nadiyo Hoffman
Robert Kiruta-Kigozi
Susie York Skinner
Thomas Toomse-smith
15 Moy 2024
Chair
Dame Joan Ruddoek from March 2019
Stephen Sealy
Charly fti¢hardson
Sgcretary
Chiel Executive
The creation of Lewlsham Music
Lewisham bAusic was registerèd with the Charity Commission on 17 October 2016 as a Charitable Incorporated
Organisotion (ciol, registered chority nLJmber1169721. On l April 2017, Lewisham Music Service was transferred Irorn
Lewishom Council to Lewishtsm Music. Staff were trtsn51erred across under Transfer Undertakings (Protection of
Employment) ITUPE) guidelines. Pre-tronsler redundancy costs and Local Government Pension Scheme Ilabillties for
tronslerring members hove beèn underwritten by Lewishom Council lor the lifetime ol the charity.
Muslc Hubs and the National Plan for Music Education
There are118 Music Eductstion Hubs across Englond, which were established in 2012 altèr the D8partment lor
Educotion and the Deportment lor Culturè, Medio & Sport published The Importance of musi￿. A Nationcyl Plan for
Music Education. Music Edu¢otion Hubs are a collective ol music education providers in a ￿0C01 outhority area, led by
one organisotion. Lewisham Music is the lead partner ol the Music Education Hub lor the London Borough ol
Lewisham. In partnership with local and national orgonisations, we deliver ond support o ron9e ol musical
opportunities in schools and community settings ocross Lewisham.
In June 2022, a refreshed Notional Plan lor Music EdLJcation'The ower ol MLI
lives. wos published. This
loid out oims and strotegic functions lor Music Hubs which built on the orlginal Notional Plan. It also mentioned the
desire from the Department lor Education to reduce the numbér ol Music Hubs from118 to 43.
Statement from the Chair ofTrustees
2023-2024 hos been a year ol both opportunity and challenge lor Lewisham Muslc, but one where our commitment
to empowering young people through music has never wav6rèd. As Choir ol Trustees, l am proud to reflect on our
achievements and the resllience that has defined this period.
On8 01 the years highlights was receiving the 2023 Music fvlark AwGrd for Youth Initiative of the Year for our podcast
series, Front Line Young Minds. This national recognition oftirms our dedication to amplifying youth voices ond
oddrèssing the issues that matter most to them.
Our programmes continue to divérsify and innovate. The loun¢h ol Jazz Hang, in partnership with Tomorrows
Warriors and Trinity Labon, has opened up pathways lor young Black and female musieians in jazz. Meanwhile, our
lewisham Legends project morked the centenary ol the Bellingham and Downham estates with music and stories

In schools, we strengthened our support by conducting targetéd visits to develop Whole Class Ensemblè Teaching
ond School Music Development Plans. We also colltsborated with South Riversid6 Music Partnership and Sound
Connections to deliver an inclusion-locused CPD progromme
Progrèssion lor young musicians remains at the heart ol our mission. Through the Connector role, introdu¢ed a5 Part
ot Young Sound UK'S programme, we hove increased ccJpacity and expertise to 0116r tailored 9uidance to young
people and families, helping them navigate musical and creative pathways. We also began tsn èx¢iting new chapter
in September 2023 with a live-year partnership with the blerchant Taylors, Foundation.
uch ol the year was consumed by Arts Council England's bAusic Hub Investment Progromme. In collaboration with
five other existing Music Hub Leod Organisations, w& formed o consortium to creote South East London Music Hub.
Our bid was submitted in October 2023, and we were delighted to learn ol its $u¢cess in early 2024. South East
London Music Hub will start operating from September 2024. This development provides much-nè8déd stability and
the opportunity to expond our impact across the area.
However, the challenges we lace cannot b8 ignored. Ongoing annuol cuts lo our core funding from the Deptsrtment
lor Education continue to strain OLtrr resources. In oddition, this year it was announced that from September 2024 the
Department for EdLJcation pluns to cut additionol funding which supwrts a¢cèss to the Teochers Pensions Scheme
for independent Music Hubs. For Lewisham Music this is a FX)téntiol loss ol over £e6,000 annuolly.
The linoncial pressures on schools hove impacted activity lèvels and traded income, while the cost-of-living crisi5
has increased the d8mand for financial bursariès ond reduced some families, ability to engage in paid musical
activities. Despite these difficulties, Lewisham Music r6mains resolute in ensuring that music is o¢ce5sible to all
young people.
l extend my heortlelt gratitude to our CEO, statt, Music Tutors, trustees, partners, and funders who have worked
tirelessly to uphold our mission. l om particularly proud ol thè recruitment ol two trustees, Ltsteefah 8rown and
Nadiyoh Hollman, who ore already bringlng fresh perspectives and ideas to our leadership.
As we look aheod to 2024 and beyond, Lewishom hAusic is well-positioned to embrtsce new opportunities, novigate
future challenges and build on all the positive changes we have made over recent years.
Sin¢erely,
l)ame Joan Ruddock
Chair ol Trust8eS
Lewisham Music

Objectlves and activitles
Who are we?
LewishcJm Music is an awtsrd-winning youth ehority and o Principal Portner in South East London Music Hub. Working
alongside locol ond national portners, we deliver and support a diverse range ol musical opportunities in schools
and communities across Lewisham.
Our vlsion and mlssion
We wont every child and young person in Lewishom to experience th6 power ol music through accessible, inclusive
progrommgs that inspire creotivity and confidence. We believe musie can unlock potentiol ond build happier,
h601thier communities.
Ourvalues
Young ￿OPle-COntrad. We prioritise the needs, abilities. and Interests ol young peoplè. empowering them to
octively shape their own musicol journey.
¢ommunlty-drlv•n: We actively listèn to the voices ol young people, parents. ctsrer4 ond communities, 8nsLJring
their input shapes the futuré ol our programmes and the charity's directiori.
Hlgh-quality deliv•ry. We deliver high-quolity, authentic leornin9 experiences led by professional musicions ond
edLJeators, ensuring every interoction is enriching ond impactlul.
Inclusive und •qultablo access: W6 ore committed to brpoking down borriers to purticipation, making musl¢
education accessible and equitable lor all young people, regardless ol baek9round or circumstan¢e.
C8lebratlng diverslty: We honour and embrace the rich diversity of our community. respecting the identities,
eultures, and unique perspèctive5 of the young people we serve.
Commltment ta growth- We are d6di¢oted to ongoing learning and prolessionol developmen¢ continuously
evolving our offer to remain innovative and relevont.
Sustainablllty.. We strive to ensure thot our programmes arè linanciolly sustainable ond deliver long-term
impoct. Additionally, we are dedicated to minimising the environmentol footprint ol our work.
What do we do?
hat we do
We aim to_
Wo do this byofferlng_.
Learnlng & skills
Give every child young person the
opportunity to learn and make music
Support young musicions to explore
their musicality by providing them with
instruments and equipment
Oller young musicians the opportunity
to progress thelr musical journey
through opportunitiès in their
community
Giv& young musicians the opportunity to
make music with their peers
Learn about the'building blocks ol
music, through musicality ond music
theory lessons
Provide inspirational perlormonce
opportuniti8s lor young musicians in
venues ocross the borough and beyond.
Professional Musi¢ Tutors in schools,
SEND and olternative provislon settings
ond community spaees
Individuol, small group ond whole class
progrommes
A wid8 variety ol instrumental Igarning
covering everything from violin to
Clarinet and Djembe
Ensembles, choirs and bands in schools
ond the community covering a range ol
styles {rock, jazi, clossicol, Sombo, R&B
and more
Instrument hire
Access to musicol resources including
e-learning and music production
software
ve events. gig and conc8rt8
Vocallsinging tuition
Rap & Lyricism tuition
Songwriting tuition
Music Production programmes
Music Technology and Assistlve Music
Technology

Professional musiool experion¢es with
partner organisations
Access to musical exam opportunities
supported by professional
o¢¢ompanists.
Creative holiday programmes like
trvi
m Jlin
Ani
rchestro and Fello
usic
Communlty
impact
Prioritise equity ol accèss to h8lp
Children and young people overcome
borriers
Put children and young people's needs.
ideas and decisions ot th8 h9grt of our
woik
Offer creative spaces wherè ehildr8n
and young people con express
themselves. socialisè ond explore
though music
Support the developmènt and
progression ol young musicians through
support, odvicè ond signposting
C8lebrate the history and culture ol our
community
Use music to promote positive wellbeing
and mental h8olth.
Bursory progrommès to make music
education accessible lor oll lamiSie4
Including partnerships with London
Music Funcl and Yolin
Sounds UK
Connect, ond mentoring and fomily
support.
Co-production opportunlties
Paid opportunities lor Young Producèrs,
allowing them to r8S8orch, odvocote
und produce content (such as the
oward-winning podcost Front line
Youn
Mincls
The Music Connector role. offering
bespoke information advice and
guidtsncé to support families and young
musicians in their musical journey
Ploce-based musical programrnes
which explore the history ol our
communlty
Mental-health programmes such as the
oword-wining Sonic Minds
Creative music programmes allowing
pèopl8 to er8ate their own music ond
write songs individually and in groups.
Creatlve careers
Mentor the next generotion of creative
professionals
Provide creative industry skills and
training
Help young people in Lewishom
overcome barrieis to the creative
industries
Broker access to voluntary and paid
experiences in the creative industries
Improve visibility ol jobs ond other
opportunities
Connect young people wth inspiring
professional role models.
Crealivg Futures careers progrumme,
funded by Merchant Taylors,
Foundation, including mentoring,
workshops ond panel events, ond work
experience opportunities
Podcasting training, equipment ond
partnership opportunities
Rudio Lewisham in partngrship with
Lewisham Young Mayor and Bloomsbury
Radio
Bringing music industry prolesslonals to
tolk about their work with local young
people.
Sector support
Work in partnership with orgonisotions
locally, regiorTrally and nationally to
maximise opportunities lor young
people
Support smaller orgonisations in the
orea to build capacity and create
opportunities
Continuing Prolessionol Developmant
and troining lor the music education
workforce (Lewisham Music stall, school
staff, partner organisotions, freelancers)
Networking ond Peer Learning lor school
stall

Ensure o confident arsd skilled music
education workforce in schools and
community settings across the borough
Provide a space lor loeol or9onisations
to work, offer troining and engage with
the community.
Prolessiono1 advice, support ond
consultancy lor school music
coordinators, Heads of Music and Senior
Leadership Teams
Portnership Forums with locol
organisations
Consultancy support for the music
education ond charity sector
Capacity building lor local arts
organisations through advice and
support
Hire ol our premises ot The Fellowshi
local organisations, artists and schools
Joint fundraising initiatives with partner
organisations
Hosting Resoiirce lor Autism's Lewishom
Autism Hub
Hosting Merchant Taylors, Foundation's
Community Investment Monager
Hosting loeol charlty Fairbeotsl
to
Partnerships
Portnership is ut thè heort ol our work cjnd Lewisham Music ore lucky to work with a diverse range ol brilliant local,
regionol, ond nationol delivery organisations as well as community and referral partners. You can lind out more
about our partners on our website.
Publlc benefit
The charity trustees h(]vè Complied with their duty to have due regard to the guidance on public benefit published
by the Commission in exercising their powers or duties.
The public benefit is that young people develop their musical, social and cultural skills through participotlon In
Lewisham IAusi¢'s octivitl8s and those ol its partners and schools. Thè eharity's provision of musical education
through access to guidonce and support from expert proetitioners, and to facilities, equipment and services,
enhances the conditions ol life ol the young people involved. Young peoplè's lomilies also benèfit through
attendance at live events and other oppoitunities to celebrate their children's achievements.
Achievements and performanee 2023-2024
Awards
Lewisham Music won the 2023 Music Mark Aword for Youth Initiotive of the Yeor lor our podcast Sgries, Front Line
Young Minds
Programm• dlv•r#lfi¢utlon
Louneh8d Ja22 Hung, a F)artnership with Tomorrow's Warriors and Trinity Loban, to diversify porticipation in jaz4
porticularly among young Block and lemalg muslcions.
Placo-bused work
Delivered large-soole Community projects such as Lewishom Legend$. co-creating music to celebrate local
stories lor the Bellingham and Downhom estotes centenary. This resulted in an o
ne
celebroting100
yeors ol rhe Bellinghom estate.
School support
A signilicarit programme ol support visits to schools, IcKused on Whol8 Class Ensemble Teaching programmes
and School Music Development Plans.

Worklng with South Riverside Music Partnership {SRMpI and Sourid Connections on on in¢lusion-locused cross-
borough CPD programme, including sèssloris on'Diversifying the curriculum, and'Trauma-informed practice,.
Progresslon
An in-hous8'Conne¢tor' role established as party ol Young Sound UK'S new Connector progromme, this position
gives bespoke information, guidance and support to young people and families to support young musicians,
progression ond development.
m•rehantTaylo￿1 Foundation
In September 2023 we started a mojor new 5-y8or portnership with Merchant Taylors, Foundation who will be
providing to support our C
nneci programmè. our Community Progromme Producer Role, and an exciting new
creative careers programme Creufive FutLir
Governance
The recruitment and induction ol two nèw young trustees (under 301, Lateefah Brown and Nadiyah Hollman.
Future plans
Notablo plans for2024-2025 Inelud•:
The establishment and development of South East London Hub in September 2024. Lewisham Music w511 bécomè
a Principal Partner of this new consortium who will work together stratègieolly to develop music education acros5
the boroughs ol Bexley, Bromley, Greenwich, Lambeth, Lewisham and Southwark.
Developing and expanding Radio lewisharn.
The recruitment ol two to three new trustees as Fiona Lambert and Susie York-skinner complete thèlr second
thr6è-year term.
The recruitment ol a new Chair os Dome Joon Ruddock completes her second three-year term.

11
J ?

Financlal revlew
rinanclal posltlon
The tinanciol position of the charity at th8 yeor-end is set out on page19.
Funding lor Music Hubs from DIE will ¢ontinue until August 2025. A new Music Hub funding stru¢tUTe. as o result ol a
retendering procèss, hos be8rn successfully applied for, gronted and 1$ in place from the academic year September
2024. An award of £344.756 has been oworded to Lewisham Music.
We will olso continue to develop our lundrcjising strategy so that we con build on our su¢cessful grant portfolio into
2024-2025. We ore olways reviewing budgets to determine il there are any efficiencies or savings to be made.
As explainèd in note 17 thè ¢harity's share ol any surplus or deficit ol the Locul Government Pension Scheme at 31
arch 2024 is required to be in¢luded in the Balance Sheet in accordonee with FRS 102. The surplus ot 31 March 2024
amounted to £189,000 (2023 surplus £108,000).
R?sèrv•$ Polley
Total reserves os at 31 Mtsreh 2024 was £694,655 (£823.576 in 2023) ol which £268,314 (£223,872 in 2023) represented
unrestri¢ted free funds and £17,2011£65,587 in 20231 rèstricted funds. The charity olso held a designated instrument
fund of £220.140 (£228,117 In 20231 and o pension reserve relating to the LGPS of £189,0001£108,000 in 20231.
The trustees hove decided thot it is prudent to carry a reserv8 of thr88 months ol sal(7ry, premises costs and
contro¢tual obligations and as at 31 March 2024, this amounted to £289,069 (£265,663 in 2023).
At 31 March 2024 the charity had free reserves (unrestricted reserves not tied up in fixed assets) 01 £268,314 {£223.872
in 2023).
Overall, the charity therelore pra¢ti¢olly meets it target reserves policy os set out obove.
Strueture, governance and management
Gov•rnlng documgnl
The charity is eontrollod by its govgTning documenL a deed ol trust ond constitutes aF) incorporated charity-
Lewisham Music was incorporated on17 October 2016. It is a Charitable Incorporotèd Orgoniststion {cio), registered
number1169721. The governing document is tha chority's constitution Qgreed on12 September 2016.
Trustees are appointed and recruited by the Board by advertisement and interview. Upon selection they ore required
to complete on ènhoneèd DBS check. There are currently 9 truste8s including o former local Member ol Parliament,
arts education professionals, a PR speeiolist, ond o business development specialist).
staffing and r•sponslbllltl•s
LÈwisham Music had 9 off iceladministrationlmanagement stoff la mix of part-time and full-time positions). We
also had 3 paid Young Producers cjnd 71 Music Tutors who delivered activities on o PAYE, varioble-hours bosis.
The Chlel Execurive 1$ responsible for the doy-to-day running ol the orgonisotion and line manages the Director ol
Business & Operations, Schools Music Leader. Vocol Leader. Director ol Community Programmes, and
Communicotions & Marketing Manager. There are six other ollicelmtsna9ement positions that (Tre not directly line-
managed by the CEO.
The Chief Executive takes decisions on u day-to-day basis with support from manogers. and relars to the Chair
where appropriate. The Director of Business & Operations is responsible lor financial managemeT)t and lor the
provision ol linan¢e r8ports to trustees at quarterly meetings. hAinutés are token by on independgnt clerk and made
ovailable to the charitys principal ILJndèr, Arts Council England.

strategic deelsions ore token by the Boord of Trustees regarding the dire¢tion ot the work carried out by Lewishom
bAusic tsnd the use ol grants, earned income ond charitable lunds. Designoted board members and committees
have specific responsibilities for Safeguarding, HR, Premises and Finonce, PR and Fundraising. Trustees with
designoted roles report bock to the Boord before strategic decisions ar8 taken.
Lewisham bAusic are o member ol Music Mark, the national ossociotion supporting the work ol music services, hubs,
and music educotion practitioners. Arts Council Englond monitors the work ol oll Music Education Hubs and releases
funding quort8rly subject to provision of grant monitoring.
In its role os a Music Education Hub, Lewisham Music colloborotes with 40 local and regional musie ond arts
organisations, 14 locol referral and community partner organisations, and all ol the London Borough ol Lewisham'$
maintoined schools, free schools ond academies.
Stoff that transferred to Lewishom Music under TUPE currèntly retain Lewisham Council tarms ond conditions.
Contracts, job dèscriptions and pay points lor new staff are determined by the Chief Executive in consultation with
th8 Board of Trustees.
Reference and administrative details
•glst•r#d ¢harlty number
1169721
Prlnelpol address
Flrst Floor. The Fellowship Inn
Rondlesdown Road
Bellinghom, London
SE6 38T
Auditors
Haines Wotts
Chartered Accountants & Statutory Auditors
Old Stotion House
Station Approach
Swindon. Wiltshire
SNI 3DU
Statement of Trustees. responsibilities
The trustees ore responsible lor prèporing the Report ol the Trustees and the financial statements in accordance
with applicable law and United Kingdom Accounting Standords (United Kingdom Gengrolly Accepted Accounting
Practice) including Financial Reporting Standord102'The Flnancial Reporting Standard applicable in the UK and
Republic of Ireland".
The law applicable to charities in Englond and Woles, the Charities Act 2011, Charity IAccounts and Reports)
Regulations 2008 and thè provisions ol the trust deed requires the trustees to prepore linonciol statements lor eoch
linonciol year which give a true ond lair view ol the state ol alfalrs of the charity and ol the incoming r&soure8s and
application ol resources, Including the income and expenditure, ol the charity lor thot pèriod. In preparing those
financic71 statements, the trusteès ore required to..
select suitable accounting policies and then opply them consistentty.,
observe the method$ and principles in thg Chority SORP,.
make judgements and estimotes that are reasonable ond prudent,.
State whether applicable accounting standards have been followed, subject to any material departurgs
disclosed ond explqined in the financial statements.,
prepore the financial statements on the going concern basis unl8ss it is inappropriote to presume thot the
charity will continuo in business.
10

The trustees are responsible lor keeping proper occounting records which disclose with r6osonable accuracy at any
time the financial position ol the charity and to enable them to ensure that the linoncial statements comply with the
Chorities Act 2011, the Chority (Accounts ond Reports) Regulations 2008 and the provisions ol the trust deed. They
ore also responsible lor saleguording the ossets ol the charity and hence lor taking reoson(Jble steps lor the
prevention and detection ol Iroud and other irregularities.
Approved byorderafth• boord ol trusteos on
Date
13 January2025
qnd signgd on Its behall by Trustee
Signatur8

Yr
> képort of the:
Independent •
Auditors

Oplnlon
We have auditèd the financial statements ol Lewisham Music (the charity,) lor the yeor ended 31 March 2024 which
compris8 the Statement ol Financial Activities, the Stotement ol Financial Position, the Statement of Cosh Flows ond
notes to the financial stotements, including o summary ol significant accounting policiès. The financial reporting
Iromework that hos been applied In their preparation is applicable low and United Kin9dom Accounting Standards
(United Kingdom Generally Accepted Accounting Practieèl, including Financial Rèporting Standord 102'The Fintsn¢ial
R8portin9 Stondard applicable in the UK and Republic ol Ireland,.
In our opinion the financial statèments..
giv8 Q true and lair view ol the state ol the chority's ollairs as at 31 Morch 2024 and ol its incoming resources and
application ol resources, for the year then ended.,
hov8 been properly preparèd in accordance with United Kingdom Gen&rolly Accepted Accounting Pro¢tice,
including Financial Reporting Stondard102 The Fintsn¢i(Jl Reporting Standard applicable in the UK ond Republic of
Ireland.; and
have been prepared in accordon¢e with the requiremènts of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Internatlonal Standards on Auditlng (UK) (ISAS IUKII and opplicab1e law.
Our responsibilities under those standards orè further described in the Auditors responsibilities lor the audit ol the
linanciol statements section ol our r8port. We are indepèndent ol the charity in occordance with the ethicol
r6quirem&nts that are relevant to our audit ol thè financial statements in the UK, including the FRCS Ethicol Standard,
and w6 have lullilled our other ethicol responsibilities in occordance with these requirements. We believe that the
oudit evidence we have obtained is sullicient ond appropriate to provide o basis lor our opinion.
Conclusions relatlng to going concern
In auditing the financial statements, we hove eoncluded that the trustees use ol the going con¢ern bosis ol
accounting in the preparation ol the financial statements is appropriate.
Based on th6 work we have performèd, we have not Identllied any material uneèrtainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity s ability to continue as a going
concern lor a period of at least twelve months from when the financial stotaments are authorised lor issij
Our resKx)nsibilities ond the responsibilities ol the trusteès with respect to going concern are described In the
relevant sections ol this rsport.
other informatlon
The trustees are responsible lor the other information. The other information comprises the information included in
the Annuol Report, other than the financial stotements and our Report ol thè Independent Auditors thereon.
Our opinion on the linanclal Statements does not cover the other information and, except to thg extent otherwise
explieitly sttsted in our report we do not express any form ol (7ssurance conclusion thereon.
In connection with our audit ol the linoncial statements, our responsibility is to read the other inlormotion and, in
doing so, consider whether the other inlormotion is materially inconsistent with the linoncitsl statements or our
knowledge obtained in the audit or otherwise appears to be materially misstoted. 11 we identify such moterial
inconsistencies or apporent materiol mlsstatements, we are rèquired to determine whether this gives rise to a
motèriol misstatement in the linoncial stotements themselves.11, based on the work we have performed, we
conclude thot rhere is a materiol mlsstatement ol this other information, we are required to report that fact. WÈ
have nothing to report in this regard.
Matters on whleh we are requlred to report by exception
We have nothing to report in respect ol thè following matters wher& the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you If, In our opinion..
13

the informotion given in the Rgport ol the Trustees is inconsistent in ony material respect with th6 financial
statements,. or
sullici6nt acoountin9 records have not been kept,. or
the financial statements are not in agreement with tho o¢counting records and returns., or
we hove not received all the information and explanations w8 require lor our audit.
Responsibilities of trustees
As expltsined more lully in the Statement ol Trustees, Responsibilitiès, the trustees are responsible lor the preparation
of the linoncial statements whi¢h give a true and lair view, (Jnd lor such internal control as thè trustees determine is
necessary to enable the preporation ol financial statements thot ore free from material mlsstat8menL whether due
to fraud or error.
In preparing the financial stotèments, the trustees ore responsible lor assessing the chority'$ ability to continue as a
going concern, disclosing, as applicable, matters relotèd to going concern and using the going concern basis ol
accounting unless the trustees either intend to liquidate the charity or to cease opèrotions, or have no realistic
alternotive but to do so.
Our responslbllltles for the audlt ot the tinancial statements
We have been appointed as tsuditors under Section 144 01 the Charities Act 2011 and report In o¢cordance with tha
Act and relevant regulations made or having èff8Ct thereunder.
Our objectives are to obtoln reasonable assurance obout whether the financial statements 0$ o whole are free from
material misstatemen¢ wheth8r due to Iroud or error, ond to issue a Report ol the Indepèndent Auditors that
includes our opinion. Réasonable assurancè 1$ a high level ol assuronce, but is not a guarantee that un audit
¢ondu¢ted in accordance with ISAS (UK) will always detect a moteriol misstatement when it exists. Misstatements
can arise from Iroud or error and are considerèd moterial il, individually or in the og9rggote, they could reasonobly
be expected to influence the 6eonomic decisions ol usèrs taken on the basis ol these financial statements.
The extent to which our procedurès ore copable ol detecting Irregularitle5, including fraud is detailed b81(w.
We obtained an understanding gf the legal and regulotory fromework opplicable to both thè charity itself and the
environment in which it operates. We identified areas ol laws and regulotion$ thot could reasonably be expècted to
hove a rlloterial effect on the linoneial statements from our sè¢tor experience and through discussion with the
directors and other mana9ement. The most slgnili¢ant were identified as, UK GAAP, Charity SORP (FRS102), Charities
Act 2011 and relevant tax legislotion.
We considered the extent ol compliance with those laws ond regulotions as part ol our procedures on the related
financial statemènts. Our audit procedures included..
mtsking enquir8s ol trustees and monagement as to wher6 they consider there to be a susceptibility to fraud and
whether they hove any krnowledge or suspicion ol fraud.,
obtoining an understanding ol the internal controls established to mitigote risks related to fraud or non-
compliancè with lows ond regulations,.
assessing the risk ol management override including identitying and testing journal entrios.,
challenging the ossumptions and judgements made by management in its significant accounting estimates.
Dèspite the oudit being planned and Conducted IT) accordance with ISAS (UK) there remains an unavoidable risk
that material misstatements in the financial statèments may not be detected owlng to Inherent limitations ol the
oudlt, ond thot by their very nature, any such instances ol Iroud or irregulority likely involve collusiory forgery,
intentional misrepresentotions, or the override ol internol controls.
A further des¢ription ol our responsibilitiès lor the audit ol the linanciol stot8ments is located on the Financial
Reporting Council'5 website at www.frc.org.uklauditorsresponsibilities. This description forms part ol our Report of the
Independent Audittsrs.
14

Use of our report
This report is mode solèly to the charity's trustees, as a body, In accordonce with Part 4 01 thè Charities (Account$
ond Reports) Regulation$ 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we ale required to stote to th8m in an ouditors, report and lor no other ptjrpose. To the fullest extent
peimitted by law, do not accept or ossume responsibility to onyone other than the charity and the charity's
trustees os a body, lor our audit work, lor this reporL or lor thè oplnions we have formed.
Haines Watts
Chartered Accountonts & Statutory Auditors
Old Station House
station Approach
Swindon
Wiltshire
SNI 3DU
Approved by Audltoron
Dotè
16 January 2025
ond glgned on fts behalf by
Signature
IJ LJ•S
15

Statement
of Financial
Activities

statgment ol Financial Activltles for the year ended 31 March 2024
The notes form part of thgse financial statements
2024
Totol
funds
2023
Tota1
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legocies
466,268
103,079
589,347
546,158
ChuritableacilvitlOS
Education
626,465
626,4S5
633,149
Investment in¢oma
2,918
1918
427
Total
1,095,651
103.079
1,198,730
1,179,734
EXPENDITURE ON
Raising funds
16,292
16.292
16,052
Charltabl• activftles
Education
Arts and culture {perlormances)
Recreotion ol social welfar8
864,980
208,021
45,618
73,740
938,720
208,021
45,618
991,925
188,651
44,948
Total
1,134,911
73,740
1,208,851
1.241.574
NET INCOMEI(EXPENDITURE)
Transfers ￿tWo￿n funds
oth•r recogn15•d guln#l(1oS395)
Actuariol gains on defined benefit scham8s
(39,260)
77,725
29,339
(77,7251
(9,921)
161,840)
16
81,000
81,000
160,000
N•t mov•m•nt Infundg
119,465
(48,386)
,079
98,160
RECONCILIATION OF FUNDS
Total funds brought forward
557,989
65,587
623,576
525,416
TOYALFUNDSCARRIED FORWARD
677,454
17.201
694,655
623,576

6r
Statement

statement of Financlal Posltlon 31 Mor¢h 2024
The notes form part of these financial statements
2024
Total
funds
2023
Total
funds
Unrestricted Restrict¢d
funds
funds
Notes
FIXEDASSETS
Tongible assets
231,232
231.232
248,681
CURRENT ASSETS
D8btors
Cash at bank
12
eo,772
350,538
60,772
387,739
88,413
337,527
17.201
411,310
17,201
428,5TI
425,940
CREDITORS
Amounts falling due within one year
13
(154,0881
{154,0881
(159,045)
NET CURRENT ASSETS
257,222
17,201
274,423
266,895
TOTALASSETS LESS CURRENT LIA81LITIES
488,454
17,201
505,655
515,576
PROVISIONS FOR LIABILITIES
15
189,000
189,000
108,ClOO
NET ASSETS
677,454
17,201
694,655
623,576
FUNDS
Unrestricted funds
Designat&d funds- (instruments)
Pension reserve
R9$triet8d lunds
16
268,314
220,140
189,000
17,201
223,872
226,117
108,000
65,587
TOTAL FUNDS
694,655
623,576
The financlal statements were approved by
the Board ofTrustees and authorised for issue
on
Date
13 January2025
and were signed on its behall by Trust09
Signoture
19

Statement
of Cash
Flows I

Statement ot Cash Flow$ tor the year ended 31 March 2024
The notes form part ol these financial statements
2024
2023
Notes
Cash Ilows from operating uctivsties
Cosh generated from operations
28,622
42,680
Net cash provided by operoting activities
28,622
42,680
Cosh flows from Investlng actlvltle9
Purchase ol tangible fixed assets
Sole of tangible lixed assets
Interest received
{1221)
893
2,918
{10,8081
427
Net cosh provided byl{used in) investing activities
1,590
(10,381)
Change in cg8h ond eo$h •qulvul8nt$
In th• r•portlng period
Cush and cash equivalents at the
b8glnnln9 01 tho reporting pèrlod
30.212
31299
337,527
305,228
Cash and eush equivulents atthe •nd
olth• roPOrt5ng period
367,739
337,527
ITI,, J>.
4A

•iotes to
the Statement
of Cash Flows

Notestothe Statementofcash Flows torlhoyearended 31 March 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATINO ACTIVITIES
2024
2023
Net expgnditure for the reporting period (as pgr thestutemgnt of
Flnonclul Aetlvltl•s)
Adjustments for:
Depreciotion chorges
Profit on disposal ol fixed assets
Intèrest r8e&ived
Decrease in debtors
{Decrease)lincrease in creditors
Difference between pension charge and cosh contributions
19.921)
(61,840)
19,670
(893)
12,918)
27.641
14,957)
22,146
{4271
41,923
20,878
20,000
Nèt eosh pravld•d by op•ratlons
28,622
42,680
ANALYSISOFCHANOES INNETFUNDS
At 114123
Cash flow
At 3113124
Netcash
Cash at bonk
337,527
30,212
367,739
337,527
30,212
367,739
Total
337,527
30,212
367,739
23

Notes.to
Ithe. Financ.
**
Statement

Notes to the Financial Statements tor the year ended 31 March 2024
continued...
ACCOUNTING POLICIES
Bos1$ of pr•parlng the financlal statements
The financial stotements ol the chority, which is a public benefit entity under FRS IOZ hove been prepared in
accordance with the Chorities SORP (FRS102}'Accounting and Reporting by Chorities.. Statement ol
Rècommended Practice applicable to ¢horitleS PlePOTing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Irelond (FRS 102) {ellective l January 2019)..
Finoncial Reporting Stondard 102'The FinorTrcial Reporting Standard applicable in the UK ond Republic ol
Ireland, ond thè Chariti6s Act 2011. The financial statements have been prepored under the historical cost
Convention.
The linanciul statements are prepar8d in sterling which is the functional currency ol the entlty and is
rounded to the nèorest £.
Going ¢tsne•rn
There are no material uncertointies about th8 chority's obiSity to continue.
Ineomo
All incom8 Is recognised in the Statement of Financial Activities once the Charity has entitlement to the
funds, it is probable that the income will bè Tèeèivèd and the amount can be measured reliably.
Exyndlturo
Liobilities are recognised as expenditure os soon as there is a legol or constructive obligation ¢ommitting
the charity to that expenditure, it is proboblè that o transfer ol economic benefits will ￿ required in
settlement ond the amount ol the obligation can be measured reliably. Expenditure is accounted lor on on
oecruals basis and has been classified under headings thot aggregate all cost related to the catègory.
Wher8 costs cannot be directly attributed to particular heoding5 they hove been allocated to activities on a
basis consistent with the use ol re$our¢ès.
Alloeatlon and apportionment of￿91$
Support costs are allocated between activities based on staff tim8. Sa8 note 7.
Tunglblo ftX0d oS$•ts
Depreciation is provided at the following onnuol rotes In ordèr to write oll each asset over its &stimot8d
useful life {le$s residual value). os follow&
Oftice equipment
Instruments
IT equipment
20% straight line
20% straight line
33.33% straight line
Taxatlon
The charity is èxèmpt from tax on its charitable activities
Fund uccountlng
Unrestricted funds can be used in accordance with the charltoble objectives at the discretion ol the
trustees.
Restricted funds can only be used lor particular restricted purposes within the objects ol the charity.
Restriction$ arise when specified by the donor or when funds are roised for particular restricted purpose
Further explanation ol the noture and purpose of each fund is in¢ludéd in the notes to the financial
statements.

Notes lo the Financial Statemonl$ lor the year ended 31 March 2024
continued...
P8nsTron Costs and other post-retiremont beneflt#
Retirement benefits to employees ore provided by the Teachers. Pension Scheme ('TPS') and the Locol
Government Pension Seh6m6 ('LGPS'). These are defined benefit schemes. For further details see note 17.
The charity also operotes a defined contribution pension scheme. Contributions poyable are charged to the
statement ol Financial Activities in the period to which they rplote.
Debtors
Trode and other debtor5 are recognised ot the settlement amount due. Prepaym8nts ore valued at the
amount prèpuid.
Creditors
Creditors are recognised where the chority has a present obligation resulting from o post event that will
probably result in thè transfer ol lunds to a third party and the umount due to settle the obligation ¢on be
meosured or estimated reliobly. Crèditors are recognised at their settlement omount
DONATIONS AND LEGACIES
2024
2023
Donations
Grtsnts
219,552
349,795
145,795
40Q>,363
569,347
546,158
Grants received, included in the above, are as follows..
2024
2023
Arts Council Englond- Mu$1¢ Educatlon Hub
349,795
400,363
INVESTMENT INCOME
2024
2023
Deposit account Interest
2,918
427
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Education
626,465
633,149
RAISING FUNDS
Ralslng donations and legacigs
2024
2023
Support costs
18.292
18,052
26

Note$ to the Financial Statements lor the year ended 31 Mar¢h 2024
continued...
CHARITABLE ACTIVITIES COSTS
undertoken
directly
Support
costs
Total
Education
Arts and culture (perlormon¢e$)
Recreation ol social wellar6
723,663
159,144
215,057
48,877
938,720
208,021
SUPPORTCOSTS
Recreation
ol social
welfare
Raising
funds
Arts & culture
{perlormancesl
Support cost's
Education
2024
2023
5%
66%
15%
14%
Governance
351
4,628
145,539
1,544
4,169
1.052
33,078
351
947
982
7,013
220,513
1339
6,316
11736
203,900
1333
6,597
stall costs
Finance
11.026
30,872
327
884
Human Resources
Inlormation
technology
Premises
General office
Trtsvel
Equipment hire and
maintenanc6
Depreciation
other professional
lees
othèr
316
425
1,623
819
5,608
21,424
10,816
1,526
1,274
4,869
Z461
S47
1,190
4,544
3294
324
8,497
32,460
16,39D
1312
7,576
29,942
14,905
1,901
308
650
425
4,079
8,577
5,612
927
1.949
1,275
865
1,820
1,190
6,180
12,996
8,502
11736
13,201
1143g
349
326
326
325
Included in the above support ¢o$ts ore the following..
2024
2023
Fees payable to the compunys auditor lor the tsudit ol the annuol
o¢¢ounts
Fees payable to the companys ouditor lor the preparation ol the onnual
accounts
other services
5,100
4,800
1,200
1,000
960
900
TRUSTE£S' REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits lor the year ended 31 Morch 2024 nor lor
the year ended 31 March 2023.
27

Notes to the Flnun¢lal Statements lor the year ended 31 March 2024
continued...
Trust••s' expenses
Thtrrè were no trustees, expenses paid for the year ended 31 Morch 2024 nor lor the year ended
31 March 2023.
SYAFF COSTS
2024
2023
Wogès and salaries
Social security costs
Other pension costs
807,011
55,730
128,609
789,346
55,016
161,268
991,350
1,005,630
The averoge monthly number ol employees during the year was as follo￿..
2024
85
2023
81
Totgl
One employee received emoluments between £60,000 and £69,999 {2023 same).
Thè totol amount ol employee benefits received by key managamènt personnel is £215,945 (2023
£221,069). Th8 Trust8ès consider themselves, the CEO, schools music leader, business manager
and the music participation leader to compris8 th8 key management personnel.
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES
Unrestricted
funds
Rastricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and leguciès
9,571
536.587
546,158
Choritoblo 4¢tlvltl•s
Educotion
613.450
19,699
633,149
Investment income
427
427
Totul
623,448
556,286
1,179,734
EXPENDITURE ON
Raising funds
16,052
16,052
Chctrltabl•activitios
Education
Arts ond cultur8 (performances)
Recreation ol social welfore
436,086
188,f 51
44,946
555,839
991,925
188,651
44,946
Totul
685,735
555,839
1,241,574
28

Notes to the Flnan¢lal Statoments for the year ended 31 Mar¢h 2024
continued...
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIÈS- continued
Unrestricted
funds
Restricted
funds
Total
lunds
NÉT INCOMEI(EXPENDITURE)
Transfers between funds
other recognlsed galnsl(10s$•g)
Actuariol 90ins on defined benefit
Schemes
162,287)
73,648
447
(73,648)
161,840)
160,000
160,000
Nèt mov•m•nt Infunds
171.361
{73.201)
98.160
RECONCILIATION OF FUNDS
Total funds brought forward
386.628
138,788
525,416
TOTAL FUNDS CARRIED FORWARD
557,989
65,587
623,576
TANGIBLE FIXED ASSETS
Fixtur88
and
litting$
Plont ond
machinèry
Computer
equipment
Totals
COST
At l April 2023
Additions
482,382
Z221
24,320
46,754
553,456
2,221
At 31 Morch 2024
484,603
24,320
46,754
555,877
DEPRECIATION
At l April 2023
Charge lor year
256,265
8,250
IZ169
4,364
36.341
7,056
304,775
19,670
At 31 Morch 2024
264,515
16,533
43,397
324,445
NET BOOK VALUE
At 31 March 2024
220,088
7,787
3,357
231,232
At 31 March 2023
226,117
10,413
248,681
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
other debtors
Prepayments and aecrued Income
44.963
500
15,309
82.558
5,855
60,772
88,413
29

Notes to the Flnancial Statements lor the year ended 31 March 2024
continued...
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trode creditor$
Toxation and social security
Other creditors
23,791
15,261
115,036
16,070
13,244
129,731
154,088
159,045
Included in accruals and def&rr&d income above is £21,500 of d818rred income (2023 £24,500).
This will all be released in tha yaor to 31 March 2025.
14.
LEASING AGREEMENTS
Minimum lease payments undér non-cancellable operating lèase$ fall due as follows..
2024
2023
Within one year
Between one and livè years
3,200
9,600
3,200
3,200
12,800
15.
PROVISIONS FOR LIABILITIES
2024
2023
Defined benefit pension
((5sset)Iiiobility
(189,000) (108,000)
,,v pv
Si
30

Note$ to tho Financial Statements tor the year ended 31 March 2024
continued...
16.
MOVEMENT IN FUNDS
Net
movement
In funds
Translers
bètween
funds
At
3113124
At 114123
Unrestricted funds
General fund
Pension reserve
Designated fund- instruments
223,872
108,000
226,117
(33,283)
81,000
(5,977)
77.725
268,314
189,000
220,140
557.989
41.740
77,725
677,454
R?stricted fvnds
London Music Fund (LMFI
Garden Memoriol Fund
Sonic Minds
Sony Social Justice gront
Amplifying Voices
Jack Petehey
Bursories
IDE project
Kusuma Trust
Lewisham Legends
London Music Fund (sounds ol the
Next Generution
Sydenhom Arts
The Young Moyor's Fun
7,500
7,157
(841
11.403
12,973)
14,124)
713
5,488
(1,000)
14,000)
19,929
114,e57)
84
{36,181)
15,0421
24,778
8,015
4,124
1,199
4,851
1,950
4,OOD
1.000
{I,oool
912
10,339
950
(20,9291
7,500
670
17,5001
(6701
5,000
5,000
65,587
29,339
(77,725)
17,201
TOTAL FUNDS
623,576
71,079
694,655
31

Notes to the Financial Statements for the year ended 31 Mar¢h 2024
continued...
MOVEMENT IN FUNDS- contlnued
Ner movement in funds, includèd in the above are as lollows..
Incoming
resources
Resour¢p5
expended
Gains and Movement
losses
in funds
Unrestrlet•d funds
General fund
Pension rèsèrve
De8ignoted fund- instrumènts
1,095,651
(1.128,9341
(33,283)
81,000
(5,977)
81,000
15,977)
1,095,651
(1,134,911)
81,000
41,740
R•Str[¢t￿ funds
London Music Fund ILMF)
Gorden M8moriol Fund
Sonic Minds
Sony Social Justice grant
Amplifying Voices
Jack Petchgy
Awards For Young Musicians
Bursories
IDE project
Kusuma Trust
Lewisham Legends
London Music Fund (Sounds ol tha
Next Generation
Sydenham Arts
The Young IAayorfs Fund
9,441
{2284)
(84)
13,024)
(2,973)
14,124)
(1,087)
130,537)
(3,334)
(1,000)
(4,0001
14.571)
7,157
184)
11,403
(2973)
14,124)
713
14,427
1,800
30,537
8,822
5,488
(1,000)
(4,0001
19.929
24,500
8,552
(16,0521
(670)
(7,5001
{8701
5,000
5,000
103,079
{73,740)
29,339
TOTAL FVNDS
1,198,730
{1,208,651)
81,000
,079
fl
32

Notes to the Financial Statements tor the year ended 31 March 2024
continued...
16.
MOVEMENT IN FUNDS- eontlnued
Comparatlve#formovgment Inlunds
Net
Translèr$
between
funds
movement
In funds
At
3113123
At 114122
Unr•strlet•d funds
General fund
Pension reserve
Designated fund- instrumènts
190,255
(32,000)
228,373
(40,031)
140,ODO
11256)
73,648
223,872
108,000
228,117
386,628
97,713
73,648
557,989
Restrlctgd funds
London Music Fund ILMF)
Garden Memorial Fund
Irontdongers Fund
Music Mark Innovation fund
Sonic Minds
Sony Social Justice grant
Amplifying Voices
Jack Petchey
Bursaries
Arts Council CRF
IDE projeet
Kusuma Trust
Lewisham Legends
London Music Fund (sounds of the
Next Genèration)
Sir William Boremons, Foundation
Sydenham Arts
3,852
3.648
(84)
(1,700)
(1360)
11,623
{3,0311
(10,4601
10
(18,3Tg1
7,500
84
1,700
2.360
13,155
11,046
14,584
1,189
17,170
73,732
24,778
8,015
4,124
1,199
4,851
6,000
(73,7321
1.950
4,000
1,000
1,950
4,000
1,000
7.500
6,000
670
7,500
{6,0001
670
138,788
447
173,648)
65,587
TOTAL FUNDS
525,416
98,160
623,576
33

Notes to the fJnan¢lal Statgmonts tor the year ended 31 March 2024
continued...
16.
MOVEMENT IN FUNDS- contlnued
Comparative n8t movement in funds, included In thè abov8 ore 0$ follows..
Incoming
r8$our¢es
Resources
Gains and hlovèmènt
losses
in funds
expended
Unr¢strl¢tod funds
General fund
Pension reserve
Designated fund- instruments
623,448
1663,479}
(20,0001
(3256}
(40,031)
140,000
12.256)
160,000
623,448
1685,7351
160,000
97,713
Rg$trl¢ted lunds
Arts Council Music Education Hub
Grtsnt
London Music Fund ILMFI
Garden Memoriol Fund
Ironmongers Fund
Music Mark Innovotion fund
Sonic Minds
Sony Social Justice grant
Amplifying Voices
Jack Petchey
Awards For Young Musicians
Bursaries
IDE project
Kusuma Trust
Lewisham Legends
Lewishom s Bi9 Conversation
London Music Fund (sounds ol the
Naxt GÈnÈrotion)
Merchant Taylor Trust
Sir William Boremans Foundation
Sydenham Arts
400,363
9,034
(400,3631
(5,3861
(84)
11,700)
(3,560)
(38,0891
(3,031)
(14,5971
{1,7901
(33,854)
(37,454)
(501
(zoool
3,648
184)
(1,700)
12,360)
11,623
(3,031)
{10,4601
10
1.200
49,712
4,137
1,800
33,654
19,135
2,000
6,000
1,000
9,001
118,319)
1,950
4,000
1,000
(9,0011
7,500
4,900
6,000
850
7,500
(4,900)
6,000
670
(180)
556,286
1555,839)
447
TOTAL FUNDS
1,179,734
(1,241.574)
160,000
98,160
Arts Councll England (ACE)
Arts Council En9land {ACE) provides Music Education Hub grant lundlng from tho Department lor Education
(DIE) with the aim to support 121 Music Hubs across the UK. Lewisham Music receives core funding from ACE
to be the music education hub leod lor the London 8orough ol Lewisham.
Funding is used to support the National Plan lor Music Education (NPME) to deliver its core and extension
roles. Funds provide first access leorning ond progression opportunities to children & young people through
front line delivgry. The funding also supports back office costs in mono9ing the charity's governan¢e and
development.
London Musi¢ Fund (LMF)
London Music Fund is a funding body with the Mtsyor of London us its Potron. Income is from individual
philonthropy. corporate support and trusts and foundations. Its vision is that children who demonstrote
significant musical ability, enthusiasm and commitmtrnt to lètsrning on instrum9nt are given the
opportunity to devdtsp tholr potential.
34

Notes to the Financlal Slatemenls lor tho year ended 31 March 2024
continued...
16.
MOVEMENT IN FUNDS- eontlnu•d
Funding is used to enhan￿ musical opportunlties and experiences for a currènt cohort 0111 scholars who
receive o period 014 years funding. Nominoted ond Chosen by their music teachgrs ond Lewisham Music
the fund is dedicated to those Children who are on free school meals ond lomilies thut lace linoneitsl
hardship.
Ironmongers Fund
The Ironmongers Company have funded the Sounds ol The Next Generation project which will be a new
cross-genre creative music collective bosed ot the choritvs premises, The Fellowship & Star, in Bellingham.
The project will bring together young people from o wide lange ol social ond musical backgrounds to write
new music, empowering them to drive the creative process ond musical direction.
Music Mark Innovatlon Fund
In summer 2020 0 number ol London music 8du¢ation hubs formed a Diversity, Répresentation ond Action
working group. On the group's behalf, Lewisham Music successfully bid lor funding from thè Hub Innovation
Fund (Department lor EducotionlbAusie Mork) which allowed 12 music educotion hubs to recruit and train o
network ol Tutor Diversity Ambassadors ITDAS) across London. The TDA role is designed to create a
constructive bridge between the workforce and hub monogement,. advocate for and support all staff
(especially those from underrepresented groups),. engage ¢o118ttgues (including management) with
discussions around EDI,. support o caring ond inclusive organisational culture (including with regards to
mental health and wellare)., change perceptions obout the organisation and 5ector,' ond ereate EDI-
focused n6tworks.
Sanle Mlnds (Youlh Mu$lc)
Sonic Minds is a two-year music and mental health pro9romme delivered by Lewishom Music and funded
by Youth MusiG The programme supports hundreds ol care experienced and disploced young people
across Bromley, Bexley and Lewishom through collaborativ8 song writing, drumming and music productiory
ollowing them to share their stories, express themselves and celebrate their Iderntity. The progromrne
culminates with the creation ol on intercsctive sound sculpture that will tour publicly o¢ross South Londory
advocatlng lor the connection between musie and mèntal health. The leedba¢k ond evaluation framework
lor Sonic Minds has béen d6vèloped in partnership with Sound Conngetions.
Sonymusic Group'8 Globul Soelal Justlce Fund
This fund hos been granted to further enhonce th8 work ol the Awards lor Young Muslcians programme.
oney from Sony Nlusic Group's 'GSJ' lund will transform our Furthering Talent programme by introducing a
vibrgnt saries ol collaborative'Get To9eth8r ev8nts and a package ol personol bursories, to remove
barriers and further eo¢h Child's progression. The bursaries will ossisL lor example, with the purchose ol an
instrurnent,. thè purchase ol a laptop to avoid digitol exclijsion.. occess to recording locilities.. covering travel
expenses andlor odditional access ¢osts lor students with additional needs.
Ampllfing Voices (Youth Mu¥l¢)
Lewisham Music portnèred with Lambeth Music Service and Royol Grè8nwich Music Servicg to work
alongside sector-leading equality chority'Brap' lor th8'Amplilying Voices, projecL funded by Youth Music.
The programme ¢ombines connected strands of research, workforce training, consultotion, youth voice and
mu5ic-making to address issues ol underrepresentotion within music educotion. lèoding to genuine, lasting
orgonisational change.
Jaek P•tchoy
This fund is lor the purposes ol the Jack Petchey Achievement Award that participants across our
Community Music programme can access. This youth led award programme is used to recognise young
people's development, i.e. ts young person who has laced o chollenge, someone who has pushed
themsèlves outside ol their comfort zon8, or an opportunity to recognise o young person's commitment to
supporting their p8èrs.
35

Notes to the Flnan¢lal Statements for the year ended 31 Mar¢h 2024
continued...
16.
MOVEMENT IN FUNDS- eontlnu•d
Awards For Young Musicians
Awards lor Young Musicians (AYMI is a UK wide charity founded in 1998 which enables talented young
people from low-income lomilies to fulfil their potential. Lewisham Music is o partner on the Furthèring
Talent programme, which annually supports 30 young musicians from Lewisham with free music tuition,
group music-making experiences, and additional bursaries to enhance their musicol journeys. The funding
also supports the freelance Furthering Talent Producer role.
Bursaries
Lewisham Music is ambitious about making music education accessible to all. Our bursary fund allows us to
subsidise music tuition and group music-moking lor children and young people from low-income families.
Funds our roised from cash donations at performances, donations made via our website, our GoodboK
device, payroll giving, Amuzon Smile and Easy Fundraising. The scheme also received matched funding
from the Big Give Campaign via the Childhood Trust ond the Barnett & Sylvia Shine Charitable TrusL
Arts Councll Funding- Culture Recovery Fund
The Department lor Digital, Culture, Medio and Sport announced a £1.57 billion package to protect the uls
culture and heritage sectors from the economic impacts ol Covid-19 in spring 2021. Lewisham Music
secured funding via Arts Council Englond to trtsnsition bock to o viable and sustainable operating model
during the period ol April-June 2021. The fund also allowed us to reflate the charitys reserves.
IOEA programmo.. Lewisham Music are continuing our EDI development journey alongside Youth Music
through the IDEA programmeliramework.
The progromme has included a range ol training, practice sharing networks, mentoring ond o micro gront.
which we used to recruit and onboard two new trustees aged 18-30.
KusumaTrust
Trustees of the trust awarded £10,000 from their Christmas Grant. The funding wos allocoted toword$ th6
following areas Animate Orchestra, a eollaboration project with Live Music Now in Lewisham special schools,
bursaries and a contribution toward core stalling.
Lewlsham Legends
A tWO-y6ar place-based music progrommè lund8d by Arts Council England {£49,000I. Working with
resident-led housing association PhoeniK we will co-create spuces for residents to tell their stories ol
community- R8cord8d throu9h a podcost series. Shoped by local children, young peoplè (cyp) o two-yeor
programme ol regular music making will run at'The Fellowship Inn,. Creative opportunities will include
regular progrommes ol music production. lyrieism ond singing. Complim8nt8d by intensive songwriting
projects that will unite residents. All activity will be co-created, giving residents opportunities to connecL
respor)d and reimogine local people s stories. New music will be performed in repurposed lo¢al civic spaces
celebrating the Bellinghom12023) and Oownham {2024) estate centenary.
Lond(fft Musle Fund (Sounds of th• N•xt Gènarotlon)
Lewisham Music was funded £12,500 by London Music Fund through their Partnership Projects Fund. This
project is dèlivered In portnarshlp with Tomorrow s Warriors and Trinlty Laban to Inspire and support more
young people of diverse backgrounds to discoverjazz ond f*1 better connected with the vibranL
collaborative and boundary-pushing jazz scene in Lewisham. The project wlll connect young musicians
{agedll-17) with high quality learning ond performance opportunities led by inspirotional jozz facilitators.
Jazz Hang will strengthen partnerships with Lewishom schools, build aspirations ond genuine progression
routes lor young people, porticulorly female and from the African diaspora. Jazz Hang will create,.
sustainable progression pothways lor young musicians, accessible performance opportunities and
profession(Jl developmgnt opportunitie$ lor school teoohers, community musi¢ ond student workforce.
36

Note$toth¢ Flnan¢lal Stalements forlheyear ended 31 March 2024
continued...
18.
MOVEMENT IN FUNDS- conlinued
Slrwllllam Boromans, Foundatlon
The Dropers Company has fundéd Lèwishom Music £6,000 to tronslorm our Furthering Talent programme
by supporting young people s musical tuition, introducing a vibrant series of immersive Get Togeth6r'
èvènts and a package ol personal bursaries. to remove borriers and further each child's progression.
Sydènhom Arts
Lewisham Music were commissioned £850 to deliver on their START Programme, a threè port sériès of
troining and skills workshops lor young odults aged 18-25 seeking to explore career pathways Iri the music
andlor creative industries.
Young Mayors Fund- Rudio Lowlshum
Rodio Lewishom is a youth-led radio progromme delivèred by Lewisham Music in partnership with
Lewishom's Young Mayors Team and Bloomsbury Institute, this phase has been funded by Young fvAoyors
Fund. The progromme engoge$ over100 young people through storytelling, music and broudcasting.
This youth-led platform allows young people to explore topics they're passionate abouL whilst dèveloping
their skills In research. script wrlting, communi¢atlon ond digital literacy.
17.
EMPLOYEE BENÉFIY OBLIGATIONS
The chority's employees beltsng to two prineipol pènsion sehemes.. the Teachers, Pension Scheme England
and Woles {TpsI lor teaching stoll, and the closed Local Government Pension Scheme ILGPS) lor non-
teaching stoff. A third was introduced in 2019., The Peoples Pension Scheme, also lor non-teaching stall.
TPS and LGPS are delined-benelit schemes.
The lotest actuarial valuation of the TPS was 31 Morch 2020 and ol the LGPS 31 March 2022.
Contributions amounting to £17.092 (2023 £15,463) were payable to the schemes at 31 Mor¢h 2024 ond or
included within cr8ditors.
Teuchor5' Penslon khgme
Introduction
The Teachers, Pension Schème (TPS) Is o statutory, contributory, defined benefit scheme, governed by the
Teachers, Pension Scheme Regulations 2014. Membership is automatic lor full-time teoehers in acodemies.
All teochers have tho option to opt out ol the TPS following enrolment.
The TPS is on unfunded s¢hemg to which both the membèr oncs employer makes contributions, as a
p8reentage ol salary- these contributions along with those made by employers are crgdit8d to the
Exchequer. Rètirémènt and other pénsion bènefits ore poid by public funds provided by Parliament.
Valuutlon oftho fouchers. Pension Scheme
The Government Actuary, using normol octuariol prlnclples, conducts a formal actuarial review ot the TPS
every four years in uccordonce with the Public Service Pensions Ivaluotlons and Employer Cost Capl
Dlre¢tions 2014 published by HM Treasury. The aim ol the review is to specify the level ol future contributions.
Aetuarial scheme valuations are dependent on assumptions about the value of future ¢osts, daslgn ol
benefits and many other loctor&
The Government A¢tuory, using normal octuoriol prlnciplè$, conducts a formal actuarial review ol the TPS
$very four years in accordance with the Public Service Pensions (Valuations and Employer Cost Copl
Directions 2014 published by HM Treosury. The aim ol the review is to ensure s¢heme costs are recognised
and mtsnaged appropriately ond the review specifies the level ol future contributions.
37

Note$ to the Financial Statements tor the year ended 31 Mar¢h 2024
continued...
17.
EMPLOYEE BENEFIT OBLIGATIONS- eontinuod
The lotèst actuorial valuation ol the TPS was carried out as at 31 March 2020. The valuation report wos
published by the Department lor Education on 27 O¢tober 2023, with the SCAPE rate, set by HMT, applying a
notional investment return baséd on 1.7% above the rate ol CPI. The key elements ol the valuation outcome
are..
Employer contribution rates set at 28.68/. 01 pensionable pay (including a 0.08°K administration
levyl. This is an inciease 015% in employer contributions and the cost control result is such thot no
change in member bènèfits is needed.
Total scheme liabilities (pensions ¢urrently in poyment and the estimated cost of future benefits) lor
service to the elle¢tive date of £262,000 million und notional assets {estimated future contributions
together with the notional investments held at the valuation date) 01 £222,200 million, giving a
notionol post service deficit of £39,800 million.
Thè result ol this voluotion will be implemented from l April 2024.The next valuation result is due to bè
Implemented from l Aprll 2028.
The pension costs paid to TPS in the period amounted to £158,113 {2023 £159,970) £39,670. employees
contributions ond £118,443 employers contribution.
A copy ol the valuation report and supporting documentation is on the Teochèrs. Pènsions websitè.
Under the definitions set out in FRS102, the TPS is a multi-employer pension sch6me. The trust has
accounted lor its contributions to thè sehem8 as il it were a defined contribution scheme. The trust has set
out obove the inlormotion available on the scheme.
11
11
38

Notes to tho Financial Statements for the year ended 31 March 2024
continued...
17.
EMPLOYEE BENEFIT OBLIGATIONS- eontlnu•d
Loeal Gov•rnm•nt P•nslon Sch#mg (LGPS)
The LGPS is a funded defined-bènèfit s¢heme, with thé assets held in sep(Jrote trustee-odminlstered lund&
The total contribution mode lor the yèar endèd 31 Mtsreh 2024 wos £1,478, of which employéé's contributions
totolled £1,478. There were no employer contributions made due to on excess in employer fund value, (2023
£15,251, 01 which employees. contributions totalled £1,510 and employer's contributions totalled £13,678). The
agreed contribution rotés lor future years ore 33.2% lor employers ond 5.5% to 9.9y. (depending on salary
and seetionl lor employees.
Under the terms ol the Tronsl@r Agréement doted 30 March 2017, the Administering Authority (that
odministers the LGPS on behalf ol the Authority, Lewishom Council) does not require the Admission Body
(Lewisham Music) to put in place any indemnity or bond in resp6Ct ol the eligible employees. Lewishom
Council hos agreèd to provide the Administering Authority with an LGPS Guarantee in a form occeptable to
the Administering Authority and thg Admission Body in respect ol the Admission Body's obligatlgns to the
Administering Authority and will take any other steps required by the Administering Authority to ensure that
an indemnity or bond is not required for the duratlon ol the Admlssion Bodys participution in thè LGPS Fund.
The Council sholl indemnify the Chority from und a90inst all costs, expenses or contributions arising from
any pension payable as o result ol the dismissal ol ony ol the Eligible Employees on grounds ol redundancy
or elliciency ol the service and any pensions poyoblè on grounds ol ill-health, On termintstion of the
Admission Agreement or on the Charity no longer having any Eligible Employees actively contributing to the
Fund. The Council shall also indèmnify th8 Charity for any Costs, gxpenses or liabilities to the Fund in respect
ol the Eligible Employees (including for the avoidance ol doubt any deferred or pensioner members ol the
Fund) orising on termination ol the Admission Agreement or on the Chority no longer having any Eligible
Employees o¢tively contributing to the Fund. Any payment due by the Charity shall be refunded by
Lewisham Council upon writtén notice within 10 business days.
The total cost recognised in the period wos os lollows..
2024
£000
2023
£000
Current service cost
Pust sérvice cost
Plan introductions, changes. curtailments ond settlements
Net interest incom8 l expen8
(5)
115)
Re¢ognised In proflt or loss
(20)
Rocognised In other comprehensive income
{81)
160
Total cost recognised
(811
(140)
39

Notes to the Financial Statements for the year ended 31 March 2024
continued...
17.
EMPLOYEE BENEFIT 08LIGATIONS- ¢ontlnuod
Amounts recognised in the balance sheet were os follows..
2024
£000
2023
£000
Present value ol funded obligotion$
Fair volue ol plan assets
{875)
1.064
(875)
983
189
108
Chong8s in the prèsent value of the defined benefit obligations were as follows..
2Q)24
£000
2023
£000
Opening defined benefit obligation
Current setvice costs
Interest expense
Actuorial (goins) I lossès
Contributions by scheme participants
Benefits paid
(Gains) I losses on curtailment
875
1,080
15
29
(213)
41
181
{401
(38)
Closing defined benefit obligation
875
875
Changes in the fair value ol th& pènslon plan (Jssets were as follows..
2024
£000
2023
£000
Openin9 plan ossets
Interest income
Actual return on plon assets (excluding Snterest Income)
other
Contributions by employer
Contrlbutions by scheme porticipant5
Benefits paid
983
46
73
1.048
28
175)
14
140)
(38)
Closin9 plon ¢Jssel$
1.064
983
40

Notes to the Finan¢lal Stalements tor the year ended 31 March 2024
continued...
17.
EMPLOYEE BENEFIT OBLIOATIONS- eontlnu•d
The amount thut aoch mgjor class ol pension plan assèts constitutes ol the fair value of the total plan assets
was us follows..
2024
2023
Equity instruments
Debt instruments (bonds)
Property
Cash
72
67
19
10
100
100
Thè principtjl actuarial assumptions used wer8 as follows..
2024
2023
Dis¢ount rote
Expected rates ol salary increasès
Expected rates ol pension increases
4.80%
3.80%
2.80%
4.75'A
4.00%
3.00%
The mortality assumptions used for longevity (in years) on retirement at age 65 are..
Males
Females
Current pensioners
23.3 years
23.9years
Future pensloners
20.6 years
25.7years
Sonsitivityanalysi*
Chan9e in assumptions ot 31
March 2024..
0.1% de¢reosè in Reol Discount
Rate
0.1% incraose in thè Salory
Increase rate
l yètsr in¢reose In member life
expectancy
0.1% increase in the Pension
Increase Rate Icpil
Approximote % increase to
Defined Benefit Obligation
Approximate monetary amount
£000
13
35
13
41

Notes to the Financial Statements for the year ended 31 March 2024
continued...
17.
EMPLOYEE BENEFIT OBLIGATIONS- Mntlnugd
B&¢E Holdlng5 (Th• P•opl•'s P•n$lon Sch•m•)
The Peoples Pension is o multi-employer, defined Contribution occupationol pension scheme that has
master rrust status. It's run by B&CE Holdings. a not-lor-prolit organisation. With no shareholders, any
surpluses made by B&CE ore used lor the benefit of members.
Employee coritributions ol up to 6% can be paid into the scheme which ore motehèd by Lewisham Music.
The total contribution mode lor the yeor ended 31 Morch 2024 was £18,374 (2023 £14,259), of which
employer s contributions totoll8d £10,190 (2023 £7,854) and employèa contributions totalled £8,18412023
£6,405)
18.
RELATED PARTY DISCLOSURES
There were no related porty transactions lor the yèar.
42