Charity rngistration numb9r 1171391 (England and Wales) EVOLVE MUSIC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 EVOLVE MUSIC LEGAL AND ADMINISTRATIVE INFORMATION Trustees C lfjng M&de S Thapem￿lI T M¢Naught.Reync4ts J Carty£ampL￿l SH¢kn IAkwcint8d 1 Sep1*n￿r 20241 Charity numbgr 1171391 Prin¢ipal addrnss 11 Manvers Street &41 1JQ Indyndent ￿MInOr Mr P J Bart(￿ FCCA ArtACCA)un￿ts Limit8d 11 Marwers Str 11JQ Bankers BA11S4 CAF Ba￿ Ltd 25 Ktngs Hill Avenue Kings Hill V%Èst M41iTrJ Kent ME19 EVOLVE MUSIC CONTENTS Trustees, ￿FOrt IndepèTrdent examRW5 T8POrt Statgment of finaKial &th"vities Ba1￿ce shgel 10 11-18 EVOLVE MUSIC TRUSTEES. REPORT FOR THE YEAR ENDED 31 AIARCH 2025 Evolve Music is a small arts tharity lest. 2017) derficated to usirvJ music as a t¢>)1 for community ¢JevelopmenL Evolve MLtSiC Wofks in the Soth Wesys coastal try4vns. ex-mining and imer-w urban areas. Our work builds joy, comrnunity and family connecb"on, pl￿)MXeS personal gro*th. chikl (levdcwent, confidence and wellbeing. and it provides struggling fronline worters wth creab.ve solulions and ne•V aFf1ro￿thes to entrenthed and glowing challeng6S. SI￿ 2017 Evolv8 Music's has yèar on yw in re￿h arKI impart buitt on a reputation fc¢ higlFqu81ty, Fersorpcentered prdctu and ccllaborative parknerships. Sinc• 2020 m(Ye than 450) people have taken part in an Evolve Music work5h¢)p or training event Whilst (yjr wrxk spans seven kxal thrity areas across South Wes( thosè WÈ suPp￿t are untièd by sh•ed eVrien￿ of exdusion ￿ Mar￿naliSab.￿. IAany face significant barriers to ac£essing the arts, espeualty Mu￿¢-making, the to tsir lived elwien￿ of the c4re system, rural or sooal isolation, raasm. ￿ur0d1verger￿. menta ill heahh ￿ trauma. We r1e￿* wejcomtng, indusive spa¢*s that enable people to radiscover joy. build meariroftl conwtitons. avj access ts woven wdlLw"rwJ. (Jevelopmgntal and cognitive bgneffts that come from maknng rnu￿c tryJthr. Evofve Music is eemmitted to usiThJ an based appyoach. to leamiTrJ our pradjce aloNJ$ide eommunity mambers and other community music makers. E¥h year WVJ ddiver a trainiro programme fo¥ amergiro d estabtished communty musityans arKI diss8minale pwbce both and ¢xrtside the creative $￿tor. By investing in ojr W(¥kfu￿ we (xJntrifArte to the of $kn1￿. indusNe pracbtForws in ￿ arts and ommunity s￿)r. Evolv8 Music's approach is rrA)ted in p8rtnershFp aThJ cc41aborative pr￿ti￿. ctsdesign wcieets vAth parbcipants. caregivers. educators, heatthCa￿ woviders and u)mmunFty organis*"ons to ensure actr'vities are rglevant accessibl& and responsive. C￿￿tinuallY evaluate OLY I￿[k, often wth ￿'rd parties, cap￿rir@ detailed impact data and pèrsortal stories that deM￿Strate bcrth the Suc￿seS and challenges. This reftectsve practi¢0 has enabled us lo iterat8, devdop I￿r prowlme a￿1 Mnprova. The trustws prosent thgir amLMI r¢m ￿ financial stateM￿ts for ts ye* ￿ 31 March 2025. The fin8n¢ial ststaments have be￿ prepareer dads I￿re and had the opportuty to out, 8llew*d a lotof the fruslRtions that I'dh￿.- "It's mlly important because speaknng very genernlly dads ¢*)n l always get tts opp￿inity to t* in a vulnerable Spa￿ bwth olherdads. Ifs somethtng thatc￿￿eS natu￿ to a lotof us.- °Just beffo￿ the SUmn￿r ts￿￿ l Jolr￿d a gnw SO￿ of the other Dads. often m*t up in the Pa￿ now, orsometimes go forb￿akfasv. °During the ffrnt&x months, it was tSlThcdt- Iwo lids. twoiobs. Dad5 RLxk feel less alone.. Community Rhythms". is a W•V woj8< launched in Septemter 2024. Cffvd&sigred with Bristd's East African families, Bristol Family Hub IBFHI and Somali comm￿rtY le•Je(s. Commur¥ty Rhyihms providès a rarè c¥)portunity for whole East African ¢J[aspC￿ Fdmilies in Brislol to t* p¥t in culiuratly ￿levant family focussad events that build children's ￿nfiden￿. improve conn￿li0n. shgre irrfmtion M family and hoalth sarvi￿S and pport for pwents arhj celebrate ¢￿tUral thibty aNI heritag8. "I warted L￿la to play leam. f6th1 ￿ bdow. ￿1n￿l tconwnurity Rhythmsj I felt emotional hearing our laryuage. I saw L8Ka's e￿ lighl ￿ WI￿ ￿ dapped and saThJ fogetlw. IYS morn than MUS￿.. Community Rhythms Parb"¢ipant Creative access for chlklrèn. nouri>dlvw knaming disablad y*wng people & adults Sound Lab is a commurllty.based music woM$ic￿ fry neL￿￿￿erM peoplg (14 - 25 years) FYovi(ling inclusive, smalkgroup musrc-maktng Sa￿10n$ using atre551￿e i￿￿tal tthls, ￿UStiC instruments and sensory- fn"endly approaches. Partieiwts expth rhylhn, mdody. lyllc vrritirq, beat-makn.ng a￿1 DJ skills in 8 non- judgemenial anvironmenl led by tMKJ hI￿lty-skI1led music lèaders, arKI an access arKI indus1￿ worter. In 202412025 a now Sound Lab hub was asla￿lSr￿ in Y&)vil thr¢xoh ￿1h Scthèrset Parentlcarer Fonjm amongst othèrs. S•ssions ¥è taitored to support &nOts'onal rwJLdation. creth.ve self-expressi¢J) aThJ eonfiden¢e. Parents report ￿Uced isdation, incraased CC￿fjder￿ arKI a LV8*er s8nso ol t￿￿ng th￿"r childw. "SOU￿ Lab helpdnk >FrnY my voKe- _ ￿nd Lab Parb¢ipant Sound Lab Case Study: J en J joined ￿r￿1 Lab Yeowl, ￿ was qLHet. r8s8rved. arKI hesitart to parts￿Pate. He ex￿encOd a pronounc8d stammer and tended to stsck to familiar instnWn￿ts. avoi￿1￿j grwp thSuJS￿ and siTrJing. Wth gentle supporL J gradually began to take ¢xeative risks. A key ￿eakthrough ¢xme vtt￿n he tried thè keyboardsom0￿.n￿ ￿ll￿torS dèscribed as"unltsth'W his confidence. Later, he chose to tyay and siryJ Shake tt Off in front crf the grnp. Fxouthy pwI￿lng ￿th prinw tyrics and a microphone. Hi$ mthef shared tr￿1 his stamm8r nry4V red￿ed ￿ng"n9. thè end of the proj# J had playwj MU￿"[￿e irtstrumenis. simg solo, c&written a wp soro and featU￿d in a music video. ￿114 still soft-spc&gn, his seif-exw9Ss￿n and prid8 had visibly. J's1¢￿rneY highlights Ihe FyJwer of indusive musirpmaking to c￿ce aThJ c(￿mUn￿a￿.L￿ sknlls. EVOLVE MUSIC TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flow Music Club: Flrhv is a new eXte￿iDn of Swnd Lab speaficalty dèsigned for neLrc*Jivorgent adults agad 25+ and their paf•nts/carers. Partiopants I￿lL￿je ￿$t with leamirvJ disatrAlilies, aub*ic adults, and individuals experiencing mental ill health; many live in hous1￿ or wih knity carers and have few oppx)rtunities to P8rticipate in commurity lrfe. Carers are to i￿n in. Aeb"vilies F￿Ude groLP jamming, srx)writing and loopbased comp05ition. &gns and Sym￿$ aid commuThcation and structse. The proaramme pmided vital 50aal connection. LM)osts m¢y)d and mentd v￿￿'ng. a￿1 offers an crealive ￿J￿91 for peopl¢ often èxduded from the culttjrd sector. Partn•rship W0￿1n9 Evolve Music's wort Ss LKrted in me￿1￿, suStair￿ partr*rship V*ith local organisations, fronuino services educators and commuThty leaders. ￿ wer in isc4atiu).' c*Jr m(xlel is intentionally desigwl to CoM￿eMent and enhance e￿sting support systems, e¥￿*Y V*here sorvices ar¥ overstra¢h&J or undor-resourcwj. In 202412025 we worked dosdy wth local autrKfiti"as CIr￿jU￿￿d Som8fsèL North Somefse[ a4NES Devon and ymoLth Cfxjnalsl, Children's Centres. Family Hubs, Acti(￿ tor Children, Healtt) Visiting Teams and education and health seNices to ensure our programmes reach Ih)se wlK• wll bonefft most This ¢olJat(Jralion enSU￿d ath"vities were indusive arNJ devd4)mentally aligned vrti l¢xa needs. In sehools and post-16 sothngs, we colla￿)rat￿l ￿th SENCOS and pastoral teams to embed music as a tod for communication, wellbein9 and engagemen( especialty for $ttNJents ai risk of isolab"on. Ow neurodivergent Fwrammes are delive￿ in t8ThJem 7•thh coueges, servK*s and S￿8[ car? prOfeSsK)￿S1s. This is the most J￿￿ed-up of cftative earfy years wcvk I'￿ seen. The musi¢ kn*ffS are listerri￿ fo Ikf. building ¢)ur c0rtfide￿e. mw MU￿ all th￿0￿fi Ihe day.-_ E￿Y Yaars Leal, Plymouth City Counal. Cross.Sector Infiuene• & Dev•lopment In 202412025 Ev(Ave Music ext8rnled wr ￿ld￿bas￿l, p*bcipatw apwoa¢h groun(Ipd in evaluation. research and s¢ct¢x leaming. In the year we commi5sion8d fiwr extèmal evaluations of c¥Jr work. We worted with rosaarchers and evaluators from tsoth wthin a￿1 outside of ts cr8abve health ajhural sèctor to ensure the impacts and outcomes using Method￿0g1es ar%1 language relevant to ts p)liues thai undeiFdn them. The grthvlh of the programme in 202¢2¢Y25was ft￿[8￿ by insws tr¢￿ evalU￿1c￿S Mont￿￿ng activ￿es. By the end ofthe year. of these four evdualions wwe wtAisW.. . Improvsng Outcomes lor chiktren ¥Mth speoal educati￿ needs Ilviyjgh mus Impact assessment of Sol￿d Fooling" an earty ye•s community m￿C wogranme for families in Norlh During thg year, the Evolv8 Music lèader wothrce n¢￿Y O)ul)18d from 18 MUS￿ leadars to 32. Onboarding and support process for Ihis frèelance musician w¢xkforcè mabjred. A hJrth6r 12 emerging music le*1ers based on t South West were provi¢Jed wilh opp)rbJntties to observe and expen"encE an Evdve Music sessim in actic¥) arhj attend CPD evenls. CPD and Ment￿n9 for music le¥Jers trawna-informed aThJ r￿U￿r*￿V8￿affirn)Ing prath.￿ were embe&Jed xross our delivery. 95% of Evolve MUS￿ leaders reFQrtwJ Confider￿a in delivaring indusive. neurc*1iverse-affirming sessions receNing CPD and mentorirKJ. merrtoring has think (bffwErfyatoul to cl¥kd."_ MO￿lC EVOLVE MUSIC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 De￿loPing th• Org•ni$4tion Thè year 2024-2025 was an exiitiny rA prwamme grrNth, s*epeniTrJ wdenir4J the Chariws impact and the Trustees recogni5e the iMp￿￿r￿e of onsLrriry that Itss swwtwj ty 8 robjst govemance and resourong infrastru(aur¢. Wthin the year the Tn￿tees'. . Agreed a strategy for Trustee deVe1w￿&￿ to exp￿ thg of Trustee thlls Set Ifv￿Jgh CPD aTrJ ¢ruitment. . Strengthewj the Executs"ve C(Thmit￿'s rc* n risk and financ4al oversuht and appoint•J a Finanaal Dir$(kn. Irena Peel. Fundraislng During the ye*, Evofve Music secured major awards from YoJth Music for the s￿nd Lab prt)gramme and from Sornerset Counal in sUPPOrt of a rar4Je of pYci8cts %ross the county. Bn"stol Crty C0￿clI extended a grant for further year in SUPFQrt of the ￿ldS R￿k and C(hmmLmity Rhy￿M$ in Bristd. Evolve Music is dagply gratèful to tha charita￿& Irusts and fourth"Ms th) imiested in our wcffk within the ye¥. Financial reviv Financially, this was a year of consolidatK)n. EV0￿ Music's totsl rov￿[￿$ were effectively static year-on-yaar, #n excellent resulL demonstralirvJ that the vary rapld grTrpAh *thieved in the 20Z3r24 fi￿CIal year was not 8 "onw but establish8d a dear ftrturè dire¢b"￿) the charrty. Income from grarts and donations increased by 15%, arhj congralulations aro ag*n due to Arnette and all members of the team for atlracts.ng gwts from a wde range of donors, in rècognth.on of Iho value of thp servKes they deliver. a value which we cmstanuy seek to demonstrate thr(￿gh Obl￿b¥e evalualion. SupportwJ by this gen¥rous giving, our ￿tr¥lty incre&ed stgnfficanyy as shown by Ihè intrease in expendrture particularty of restricted fvTrJs. Ths increase Én costs - paiticularty staff costs- refiects Ihe thlivery of projects for which grants had been receiv￿ in the pri￿ ￿r. How•v8r. stalt ¢osts rose much less steeply in this year (by about 22%) compared wth the prior year (WI￿ they rose by alKJui eii%). After all costs. the tharty ￿e0rded a net surplus for the year of ngarty £33.LXXt. eompared wilh a suwus of £83,OC in th• prior y8ar.' thi5 is again the resutt of timing drffwences betsveen receipt of funds frjr specific projects and expendrtur• on those pioiKts, ftlI￿1￿j a period of raF4d grchvth. As wc¥Jld be oxpected, our cash resources increased by approximately the amount as ow suwus. ex￿ amual SWF4usès to ￿ntinue to dedine. Reserves policy The trustees revi￿ tr* reserves Fdicy at least ￿nuaty. therg wo material changes in the athvity of the tharity. The chanty has in the past Ltsed a rdab.vely r￿ryO$ tty of hdthng three to six months of planned core eXpe￿li￿re in free reserves. foto gxpeThJiturg- s thg underfyiro OFerats'ThJ costs of the chanty. exduding direct costs of dalivering In the same way Yree reserves" exdude restri(tsd fijnds, those funds that are only avaslable to the chty to use for sp8afi￿1 [￿jeCts. Our tree resffts at 31 March 2025 a litue under £79,OCK)", our bLKhJeted core rA)sts fw 202Yth yew are a littte under £122.(XK). or nearfy 7 months of cc C03ts. The trustggs rocx)gnise the need to link our reserves pc4icy dosely with the firbancial risks which we faeé, which will almost certainly imth a reduction in our fr* re5erve5. This is a tssk to be compl&1￿ Lpft)re the end of the 2025r26 fin￿(aal year. Maiorrisks The trustees seek to identify and mitigate major risks to the finarrial slatslity of the tharity through the daployment of o Risk Register, vthich is reWe￿ed wU1￿Y by tr* Exe￿ti¥e Cunmittee and P￿. The major risks which we have identified pn"marity relatè lo Ihè dffi¢tAt erNironment vititn which mLtch of the charity sector is OP8rating', aThJ to parsonnd. The Irustees are currenuy pwbcLlarty of the management risks of rapid orthyth, vthi¢h may be as thalleTh3ing as those crf de￿Ir￿. EVOLVE MUSIC TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans forfulure periods Evolv• Music is now in the final yew of its wrent threfr￿ str8teE4c ￿an. Thè vision of Ihe Trustees remans that everyone in Ihe Scthi West should have t￿ OFVQrtunity to Lwefit tr￿n partictpab'rKJ in community music. To wlise this, the Charity contsnues to focus on romovirg barrièrs to music-m&t'ng for ￿derServed c¢ynmunitiès, enabling more individuals and communrtbes to eyrierts the uaative, wal aTrJ wdlbsing benefits of community music. A5 we approach th8 8nd of strategic ￿1¢&1. ￿ ¥e engagTrJ in a cOr￿u[tatiOn process with trusts8S, staff and partners to shape our next strategic pkn. This CdIab￿alwe pmtsss wll ensure that our future direcb builds on recent achievamenls, respoThJs to the evolving needs of ow commurnties and rellects tho priorities ol thosa we work wrth and for. Thè current plan has teen used as a guidiThJ for thvelcpment dau"sh)n-maknng, shwgd Trmth new trustees and with lunders aTrJ stak¢h(Aikn to commuThcate (yjr mission di￿tion. Progress has been monrtored through regular Execub¥è c(￿fflrttee an¢J Board meetiros. wrth ￿ plan ar￿ upyated annually. Structurn, gov•manco and man•gemert Evolvè Musie is a Charitable In￿rporated Ckganisalion rcioi wvern￿ by its ttmstitith.on dated 4April 2023. The charity was originally registarèd in January 2017 under an Assooab"M Model CIO." on 4 Apnl 2023. earty in this financial yèar, at an Extraordinary General MeetitYJ the maMtr￿ of the clwTty voted unanimously to chawe t constitution to a Foundab"on M¢xld CIO", under rts new Consb'tuts"L￿, ajopted on ￿ same date, Ihe charity is govèrned and overseen soldy by rts trusiees. Thg ¢harity Ès registered th8 Charity C(¥nmtssion, règistrats" no. 1171391. Boar(l of trustees meets qLWtety to re¥4tsW &J￿n$t strategic and finanrAal objectives. Tha trusts8s who seNed thring the year axl LP to the date of siwurn of th¢ finawl statoments were.. C King M gE'de S Thapemiall C mu￿wa T McNaught-Reync4ds J Carly-campbell P Rouse S Horton (Resigned 1 20251 (Rosw 1 J￿Y 20241 (Apwnted 1 September 2Q4) ReCr￿ln￿nt ath￿ appoin1n￿t0ff trbst New trustees may be appjirtted by resoluts.on pass&J at arry (￿¥•ne￿ tnJ*e m80tr"rg, and all new trustees are apw.nted for • initFal term of three yèars. In appcith.ng trustees, Board of trusl&s has regard to the skills. kno%¥tedge and e¥pen"ence needed for effective management of the Ch￿ty. New trustee5 take part in an indu¢tion process, during which they receive c￿)leS crf the thantYs constibjtion and trustee's han¢Jbook, are fully briefgd ¢)n their cknligab.ons Lnder charity aTrJ coM￿Y l•v. and *e given infom￿1$￿ on the deosion-making OC8S5es, ts fin￿ffc co￿l￿OnS by (kniors ty gran￿ as to Ivm they may bo used. The purposes and uses of roslri¢ted fun¢ts are sat ￿ in Ihe notes to the fin&Maal Slat￿￿ents. 1.4 Income Ir￿me is r8c(*Jrwsed when th& charity is entitled to it after any perfrvmance con(liticrf)s havg been me( the amI￿nts can bo measured reliatAy. and it is &¥￿3b1* Ihat inojme wll be recèiwj. Cash donations are reco￿lSed ￿lpL Other dcnaticns we recowised ¢)nce the ¢hartty ha5 been notifi9d of the don&"on. tJnle5s pèrfonTra￿ ￿d￿l(￿*S require defwal of the amount. Irwme tax recovarable in relati(￿ to (kJnakn"ons [￿1Ved undèr r￿ftA￿ or doeds of COV￿ 15 recA)grrised at the time of Ih8 dfmaticm). L•Jacies are recwised on rgceipt or oth￿￿se if the charity has Ixen rM)tiffied of an imp8￿1ng distribution, the amount is krthw. arKI roc4pt is expectsd. If the am￿nt 1$ not krvxm. Ihe lega¢y is treated as 8 11 EVOLVE MUSIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {ContlnuÈdl 1.5 Expendltur¢ Exwnditurè is recognrsed once there is a leg￿ or 0￿StrL￿1IYe thligab.on to transfer aconomic bènefit to a third p8ty, it is prcknable that a transfer of e0￿(￿niC b￿efits wll be in 5etUemenL the am(xJnt of the cknligation can ba measurnd reliably. Expenditure is daSsIfi￿ by activity. The costs of each adivty are made up of the total of direct Costs aTh shared cA)sts, indL#Jing SUFWt costs invdved in undertakiro each activity. Direct costs attributable to a singl& activity a￿ allocated diredy to that aclivtty. Shared costs ￿7C￿ contn"tKrte to mora than ona 8ctivrty 8rKJ support costs which not attft"butable to a siThJle ¥bvity are aP￿tiO￿ betr￿n those ath"vtb"es on a ba51S consistent with the use of resour¢e5. Central costs are allocated the basis of time spert and 1.6 Tangibl* fixed ass•ts Taroibte fixed assets are in1b.￿lY ￿aSL￿e￿ at o)st aThl $ubs8quty measured at Cost or valuation, ￿t of dèprecAation and any impaimient losses. Depraoation is r8¢ognis&J so a3 to vrtrte the Cost or vau*ion L* assets ths their residu* vaues over their Ltseful lives on thg Idlo￿lr￿j b8ses'. Fi￿r@S arnj fftbThJs 25% rot￿n9 balarKe The gain or Ios5 arisiro on th8 disposal of an asset is detèrmined as the diff￿er￿e between the sde prcKeeds and the GaryiTrJ value of the asset. and is (￿LYj￿1S8d in ts statement offinanc481 activib"•s. 1.7 Impalrnient of flxed ass At each reporting date, th8 reviwws the anv)Jnts (rf tts larvJible a￿1$ lo detemine vthether thore is any iThdicalion that those assets have suffered an impairment loss. If any such indic8ts'c exists, thè recOvera￿e amtyjnt of the asset is estim￿ in ordw to deternii￿ ts exient of the impaiment loss lif any). 1.8 Cash and cash oquivalen¢s Cash arvj cash equivalents Ind￿je cash in hwhj, derX}￿ hdd at call wih banks, othar shgrt-tem lTrquid investments wth Origin￿ maturiti.es of tw M¢￿th5 cr less. and ba￿ overdrafts. Bank ov￿￿ranS are 5h¢yMI thin borrow4ng5 in current liabilitias. 1.9 Employee bengflts The ¢ost of any unused holiday entiknt is rec(wM￿ in the wiod in the employee's sgrvices are received. Terniina*'on beneffts a￿ recogNsed immadiatety as an s￿nSe whèn the tharity 1$ deMonStra￿Y ujmmitted to t•rminate Ihe employmant of an employee or to provide tem1inati(￿ beneffts. Critical a¢¢ountlng •stimates and judgwnents In the application of the tharrtls accounting poli¢￿. the trustees are [￿L￿red to make jLkYgèmonts. estimatas and assumpb"on$ about the wiTrJ am￿nt ol assets and lia￿4￿"eS that ￿e rnt rea¢Jtly apparent from othar Sources. The ests"mates and aSscOa￿ assumpb"￿s are based on histori￿1 exw¢r)ce and other factors that are ￿nsidered to be relevanL A(knl res￿ may dillBf frc¥n these estima*. The estimaiès and und•rlyTrrKJ assumpti￿$ are rev￿￿ on ￿ ong)ing basis. Revisims to acCoun￿ng estimates are racognised in the period in which the osb.mate is r•vssed vtherè the revision sffects only that perirrfj, or in period of the relisicn and fubJe p8ncrfJs revi￿(￿ affects bolh ¢uThent and ftjture periods. 12- EVOLVE MUSIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incomo frnm donations and lagacies TLrtal Unrestricted Restrl¢ted fund5 funds 2024 2024 T<*al lunds 2025 fvnds 2025 2025 2024 Donab"ons ar*J g'fts Grants 27.2( 48.834 40.7rJ 44,￿ 122,438 40,773 186,902 144.tfj1 192.695 75,840 144.1%1 219.￿1 85.239 122,436 207,675 Income from charitable aclivilies Unrnstrlct¢d Unrnstrictèd funds fund$ 2025 2024 Muslc activities Prc¥Jramme delivery and traiiirYJ 25.743 42,817 Income from othertrading activtties UnYpstrict•d Unrestrieted funds funds 2025 2024 Fees from individual$ ￿ orga)isalions 878 In¢ome from Investm•nts Unrestri¢ted Unrnstricted funds funds 2025 2024 Intwast receivat40 3.016 2.[￿7 13- EVOLVE MUSIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expondlture on charitable a¢liviti•s Music activities 2025 Music activities 2024 Dlrnct costs Paymerts to fro&lance music leader5 Payments to freela￿¢ rnan9￿ staff Other proj&t costs Hire of rocxns 69,972 80,367 50.473 4,595 61,194 62,552 36,797 3.223 205,407 163,7e6 Share of support arKI goNYmance ci>sts (see note 8) Support Governar 570 215.893 170.240 Analysis by fund Unrestricted lunds Restrided fvnd$ 85.233 130,480 90.149 80.091 215,693 170,240 Support costs allocated to activities 2025 2024 Dgprg(iation Subscripts'ons arKI foes Storage In$￿anc0 271 47 624 657 1,426 624 753 3.023 Eta and markth"NJ c￿Puter expenses Professiorsal fees bank charg8S Bookkeeping TrainirvJ 315 70 1,7W) 120 570 71 2.828 102 6.474 Analysed bth8n: Music activities 10.2 6,474 14- EVOLVE MUSIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net mov¢ment in funds 25 2024 The net movement in fijnds 1$ stated after charr•￿(c￿thting}: F89$ paYa￿e fcff the indeFeThJert wminaion ofthè c￿.￿$ fmaxial Statements Depreaab"on of ¢*¥r￿d taTrJitl8 fixed ￿ets 570 271 10 Trustaos None of the trust905 lor persms Corv￿ %Mth them) recei¥t•J any Th￿￿r￿at￿￿ or beneffts frcffl the tharity during thè ygar. 11 Employvs The avorage m(￿t￿Y nLThbor of emp*)y8es thJrir¥J the yw was: 2025 Number 2024 Numbgr Totsl There were m ern￿OYeeS W￿se anThJ81 remun8ralicffi was mc*e Ihan £60,CW. 12 Taxatlon The charity is exemFrt from taxation on its &tsvilRs beCa￿e all its is apF4i&J for charitable purF*)ses. 13 Tangible flxed ￿lets Flxbx88 and Cost At 1 April 2024 AdrI￿OnS 2.129 At 31 March 2tr25 3.128 Depreciation and impalmi•nt At 1 April 2024 DeFKeoation charged in the year 1,315 At 31 March 2025 Carrylng amount At 31 March 2025 1,505 At 31 March 2024 814 15- EVOLVE MUSIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Dèbtors Amounts falllng due within on¢ year. 2025 2024 Traye debt 14.451 23.299 15 Cr¢ditors: amounts falllng due wlttwn on• year 2025 2024 Trade creditc 6.338 570 62( 6,908 16- cc £k CL (440baO thN)o 0ts)04k EVOLVE MUSIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Unrestrl¢t•d funds The unTrstricted fuThJs of the chaiity ccmprise the W*ces of donat￿ and grants thich are tx)t Subl￿t to speafic ¢L￿di11c￿$ by ¢&)Th)r5 aTrJ Lyantors as to h(w they may t* used. Thesa i￿Ude designated fu￿1$ which havè been set aside of ￿restri￿&1 funds by the trustees for specific purposas. At 1 Aprfl In¢omirvJ ResouTce5 2024 resourc8s expen(lad Trnnsfer5 At 31 March 202S General funds 69. 104.599 {85,233) {10,C(KI} 78.702 Prevlous year. At 1 April Incoming Rèsources Trnnsfers At 31 March 2024 Ge￿ra1 lunds 28.684 130,801 rx),149) 89,336 18 Analysis of not assats betw•en funts funds 2025 nds 2025 2025 At 31 March 2025: Tangible assets Curmt assetsiiiiatxlities) 77,197 89,899 186.896 78,702 89,693 168,401 Total funds 2024 funds 2024 2024 At 31 Ma￿￿ 2024: Tangible assets Current assetsllliatiilities) 814 68.522 814 134.620 89.3 135.434 19 R•latad party transa¢tion$ Th&e wore no disdosable relaw party dwiTrJ tho year12024. ncx)o1. 18-