Charity number: 1172363
RESTORE THE MUSIC UK
TRUSTEES, REPORT , INDEPENDENT EXAMINER'S REPORT AND FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

RESTORE THE MUSIC UK
CONTENTS
Page
Reference and administratlve detalls of the Charlty, It8 Trustées and adviser8
Trustees. roport
Tru8t•88' ra8ponslbilitie8 Statement
Indopendent examlner'g roport
Statom•nt of financlal act5vlti•s
10-11
12
8alanco sheel
13
Statement of cash flow8
14
Notes to tha financlal statements
15-31

RESTORE THE MUSIC UK
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRLISTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Ms D M Gandola
Mr G M Singer
Ms S J Rajani
Charlty reglstèred
nUM￿r
1172363
Princlpal office
6th Floor
Park House
116 Park Slreet
London
W1K6AF
Chlef oxacutive offlcer
Polly Stepan
Independent Examiner Crowe U.K. LLP
Chartered Accountants
Fourth Floor
St Jame6 House
St James Square
Ch8ltenham
GL50 3PR
Bankers
N8tWest
Swiss Cottage
106 Finchley Road
London
NW3 5JN
Page 1

RESTORE THE MUSIC UK
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees pr8s8nt their report and financial statements for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts
and comply with the chariws goveming document, the Charities Act 2011 and "Accounting and Reporting by
Charities: Statement of Recommended Pradice applicable to chariti8s preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).°
Structure, govemance and management
Restore the Music UK ( RTM UK") is a charitable incorporated organisation and was entered on the Register of
Charities on 31 March 2017 and hokl8 Charity number 1172363. The Constitution was effective from that date. It
is exempt from tsxalion.
The Trustees who sep4ed during the year and up to the data of signature of the financial statements were..
Ms D M Gandola
Mr GM Singer
MS SJ R8jani
Trustees are appointed through a proc888 of recommendation and interview. In good time before a Trustee is
due to Slep down suggestions for a replacement are made and possible candidates are approached. Shortlisted
candidates are then inteNiewed by a trustee and the CEO. who make a recommendation to the other Trustees.
The overriding aim is to 8nsure that trustees have a skillset well suited to the diverse activities covered by our
grant giving.
Appolntmgnt of a Patron
Respected schools. music charity Restore The Music (RTM) has announced Lady Ella Wlndsor as 118 Patron.
Lady Ella has a lifelong love of music and takes on hèr Patronage to support the charty in its 'whole child
approach, to music education.
Inductlon and Tralnlng of Tru8t••8 Pollcy
RTM recognises an induction programme as vital to ensuring new Tru8tees understand the work of the
organisation, the demands and requirements of the role.
New Trustees will receive links to key documents, relating to the Charity with an explanation of their
purpose and effect. It is the personal responsibility of new Trustees to ensure they are informed of the
policies and key docum&nts of the Charity,
Each new Tru8tee will have a bespoke induction planned according to their individual needs and
requirements. In every case however, links to certain documents will be provided or advised to where they
can be found. These are listed below.
At the earfiest opportunity following receipt of the above documents, the Chair or a delegated Trustee
arranges to meet with the new trustee to discuss the current work prioritie8 of the Trusl, answer any
questions about roles and responsibilities, and confirm time scales relevant to the new Trustee's skill set.
The Chair or delegated Trustee also reviews the skills audit with the new trustee and together they devise
a more detailed bespoke programme of mentoring and training, (including the Trusls computer systems,
processes, and procedures) to be undertakon over the forthcoming months.
Page 2

RESTORE THE MUSIC UK
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 202S
Trainlng Commltment for Trustees
Every trustee completes a skills audit every year and is supported to undertake training to meet any emerging
training needs. In addition, the Trust supports training to meet the need of the organisation as it occurs at other
times of the year.
Key documents:
The Charity's governing documents.
Latest annual report and accounts,
Minutes of last two meetings.
Charity Commission Guidance 'The E8sentl81 Trustee, what you need to know (CC3).
Copies of RTM policies.
Examples of any formal administrative documents relating lo the Charity and the Truste0$.
. A copy of the Skills Audit for completion and relum.
A copy of the Register of Interests for completion and return.
• Document confirming that slhe is suitable for bein9 8 Trustee, requiring signature and a return date.
Rol• of th• CEO
The CEO, Polly Stepan. has hands on da￿tO￿aY responsibility for all aspect3 of the Charitls growlh,
perft)mianc8. strategy and delivery. This includes, but is not limited to, presenting to Trustees, financial overview,
marketing and bland awarenes3 Opportunities, major donor relations, management of digltal plalforms and all
communication and fundraising campaigns. The CEO is responsible for the delivery of the RTM programme -
including relationships with pasl, present and future RTM schools, and building programme forecasts on a rolling
three- year view. Additionally, the CEO delivers event8 from conceptual Stage to po$t-delivery.
The CEO updates Trustees regularly on all aspect8 of the charity's progress.
The Charfty aims to be as efficient a8 P0$8ible, keeping overhead co$t$ at a modest level, while maintaining
efficiency.
Oblectlvos and actlvltles
Under the Conslitution. the Trustees are empowered to use all or any of th8 capital for the provision of financial
8S8iStance to state primary and s8condary schools in the UK in the sole regard of (re)building their music
departments.
Operation8 of the Charity are governed by the Trustees. The secretary of the Twst is Polly Stepan.
The Trustees have paid due regard to guidance issued by tha Charlly Commission in deciding what activities the
trust should undertake,
Restore the Music (RTM) is a social impact investment programme focussed on lifting young people out of
poverty. This is achieved by supporting schools in areas of high deprivation to equip and rebuild their music
departments. acknowledging the vital role of accessible and well-resourced music departments in improving
whole school attendance and attainment. The mission is to ignite students, potential using music education as
the foundalion for their future. To date. Restore the Music has supported 160 schoo58 in building their music
departments meaning a reach of over 125.000 young people through music.
Page 3

RESTORE THE MUSIC UK
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2026
Publlc benefit
The founding vision of the charty is lo deliver transfonnative opportunities and multiple pathways to all young
people by enabling well-resourced music education programmes in schools, As a direct result of these
programmes can be seen the benefrts of social cohesion and mobilty that a levelling up in music education can
deliver.
The main demographic who ser¥e as the focal point of this vision are those who V￿uld be identified as eligible
for Free School Meals {currenlly a total of 2.5 million children across the UK).
The trustees have given due consideration to the Charity Commission's Public Benefit requirement under
Charities Act 2011.
Mlssion and mod•l
The charity'8 mission is to ignite young (>18yrs) paople's potential using music as the bridge. Deserving sch¢X)Is
are identified initially as those with at least 50% of the students on Free School Meals. A rigorous interview
process ensures the Principal is on board 80 that the music teacher has wholfrvof-school 8UPPOrt in delivering
music edu￿tIon.
In little over t8n years, RTM has equipped more than 160 music departments in primary and Secondary schools
in London, Birmingham, Manchester and New¢a$tle, opening up music 8ducalion to young people acr06S the
mosl deprived areas of the UK. RTM schools report higher attendance levels and overall academic attainment.
Grant awards for prfmary and secondary schools
The RTM School Music Award$ Programme addresses the gap in music provision created by years of austerity
and funding cuts in State education, re-estsblishing music as a core subject priority in all schools and helping to
facilitale social cohesion and mbility.
RTM funding for pre4pproved Instnjment Award Bundles (IA8) are delivered directly to state schools via the
School Music Awards Programme. This programma allocates Instrument Awards ranging from a value of £5,000
to £20,000 to schools of above average Free School Meals and Pupil Premium. The RTM IA8 enables access to
a music education for all students, providing a gateway to new opportunilies, unlocking hidden talents and
building cultural capital.
students are encouraged to take instruments home and to support their peers in ensemblès both In and out of
the classroom. Impact ranges from developing confidence, aspiration, and positive attitude to a greater
understanding and acceptance of diversity within our global cufture.
RTM works with local partners to identffti schools best placed lo optimise the funding and deliver maximum
impact. Restore the Music partners with education providers, regional Music Hubs and complementary charities
to provide the best possible impact for the schools it senRs.
Ellglblllty
A school's eligibility is initially determined by whether it has above average numbers of student$ on Free School
Meals and % Pupil Premium. The degree of social mobility in the school population. as well as English as an
additional language are also considered. In the award application, schools must demonstrate a clear and
sustainab18 Strategy for delivering music provision over a three-year period design8d for the maximum benefit of
their student cohort. Applications must include an itemised breakdown of proposed expenditure on musical
instrumenls.
Award applications are approved by the RTM Board of Trustees. Award recipi8nts are expected to participate in
RTM events and showcase their students and new facilities.
Page 4

RESTORE THE MUSIC UK
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Success measures
Data and feedback are reviewed alongSKle the or￿inal grant application to ensure adherence to approved vision
and strategy and a commitrnent to sustainable music provision.
RTM schools provide updates, a prescribed fomat, on the impacl of the funding. This report details musical
performances: quantrtative data on students participating in ensemble groups; uptake of inslrumental learning
and exam results. Success is measured not only on glades. bul also by increaséd participation in the music
offering e.g. through iecoiding student numbers choosing music GCSEIBTEC and A Level alongside other
academic subjects. Increased attendance in extra-curricular music department clubs {or¢hestra. samba band,
Slreet choir 8tc.), is another factor of note. Achievement is, therefore, qualitative, as well as quantitative. For
example, learning to play the drums might play a transformative ro18 in a child's ability to engage with school lrfe,
or a child with limited English vocabulary may find a voice through playing an instrument can be priceless.
Publ1¢ awarene88
The chanty's work is publicised widety through social media, the charily's website, and through word of mouth
via regional music hubs and industry partners, and. in particular, via $trong relalionships with an over 70 strong
ne￿rk of MPS in the areas we serve, Regular congtituency funding updates and MPS are invited to attend
local RTM grantee school for in person demonstration of how a well-equipped music department can Improve
the emotlonal, mental and academic lives of the whole school cohort,
Awards poII¢y
RTM is committed to delivering the founding vision of the Charity by enabling access to music provision for every
child. The policy of the R TM School Music Awards Programme is to invest in schools which clearly demonstrate
a datermination to deliver this vision and support tha need for music to be made fieely available within the school
environment. A formal funding agreement 18 in place for all approved in8trum8nt awards.
RTM require8 integrity and transparency from all recipient$ of it8 awards to ensure activities funded by RTM are
carried out to the highest and most ethical standards, roflecting the principles of diversity, equality and inclusion
fundamental to the demographic RTM 8UPPOrts.
School Music Awards are made annually and, on occasion, biannually. The charity aims to allocate all fund-
raised income outside of operating costs and a prud8nt reserve.
Fundralslng
The annual gala fundraising event in May 2024 was SUCC8ssful. The evenl was attended by 200 donor$,
contributing £2￿.045 to the totsl funds raised in 2024-25 of £945,482. Other source$ of fund raising income
include individual donors (including three-year donation commitments), corporate partners, Trusts and
Foundations. The Story of Christmas and The Big Give. Steinway donated five upright pianos to RTM schools
and named RTM as the beneficiary of its October 2024 piano sale.
RTM continues to be engaged in strateglc fundraising to support the charity's work. A key success for the on-
going fund-raisin9 is securing, in early 2024, an Anchor donor who has agreed to match donations with a further
750A contribution. once an initial £300,000 fundraising amount is reached in 202*5. This provides the basis for a
reinvigorated case for support for major donors and trust and foundations. underpinning RTM'S plan to scale up
the operation to provide more UK children currentty living in poverty with a music education.
Page 5

RESTORE THE MUSIC UK
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
A¢hlevements and performance
RTM d81iv8red an outstanding programme of school music awards, perfomiance opportunities and fund-raising
in 2024￿. making new in-roads into mapping the efficacy of music education with the launch of the Spotlight
study. the conts'nuation of music teachar support and with the expansion of the programma to Newcastle-upon
Tyne.
The following represent s¢)me highlights of the yearfs aclivity:
Restore the Music supported 24 schools in 2024-5 with total value of £398,000 in grant awards for musical
Instruments.
RTM Schools performed at the Royal Foundation Westminster Abbey Carol Service at th& invitation of
Lady Gabriella Windsor
Announced Lady Ella Windsor as Patron.
In January 2025, undertook three-way collaboration with DDMIX (a dance In schools charity) and
ptace28e. with an event in ARK primary in Birmingham.
Established RTM presence in Newcastle with support from the Worshipful Company of Fishmongern.
Held annual Teachers, celebratory dinner. h08ted & funded by the Fishmongers, Company.
MP visits with Liam Byrne, Marsha de Cordoba and Preet Gill with regular updat&s and RTM presence In
key education policy initiatives.
In 2024, held RTM ninth Battle of the Bands competitive event for School music ensembles, with co-
spon80rs Gibson & Morgan Lovell.
Launched year one of Spotllght Project - a five year Study f¢llowing progress in music education in four
dlfferenl schools across the UK.
February 2025, the third SONYMuslc Beyond the Music Initiative, this year at City Academy Hackney.
SONY artist DJ Sigala was special guest, with £20k gifted as instrument endowment.
Pay Policy
The key management personnel of the Charity comprise the 808rd of Trustees and tha CEO and they are
responsible for directing, controlling, running and operating the charity on 8 da￿tO￿laY basis. All Trustees give
their time freely and no trustee remuneration was Paid during the year. Dotails of Trusiee expenses and related
party Iransactions are disclosed in notes 12 and 23.
The remuneration of Senior Management (CEO) is subject lo review and approval by the Board of Trustees.
The package, which comprises a salary and small, capped bonus element bas8d on meeting fundraising targets,
is designed to ensure the selection and retention of hwh-quality leaders. It also ensures that RTM donors,
supporters, volunteers, schools and the public recognize the importance we place on accountabilty in all aspects
of our v￿rk, including the detemiination of pay and benefrts ol the senior management.
Employee salaries are reviewed annually. taking into account affordability, economic trends and external pay
Page 6

RESTORE THE MUSIC UK
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Risk management
The Trustees recognise that although th& Charity generally opèrates in a Iow•risk environment, it does face
operational and financial risks. Every effort is made to put in place controls and procedures that are designed to
mitigate identified risks. These address the following..
The sustainability of incoming funds 8nd in particular unrestricted funds.
The allocation of restricted funds.
Financial controls and approval of expendrture.
The cancellation or postponement of events and other fvndraising partnerships is a key risk for the charlty. In
addition, particular attention was paid to the charity's ability to reach ts b8neficiaries Ihrough a variety of
virtuallonline events. More focus is baing given to the donor-facing communications strategy, with specifi¢ regard
to providing updates on the latest RTM initiatives with calls to action for potential donors.
Detailed financial forecasting and three year forward modelling take place monlhly with assumptions continually
assessed and revised. Financials are pr8sented to the Trustees for bi-monthly review. A formal End Of Year
review takes place on completion of the Independent Examinerfs Report.
The Charity's bank accounts are all held with Natwest Bank and are managed by CEO, Polly Stepan.
Flnanclal revl
Income for the year was donations totalling £739,437 {2024'. £665,319) from private individuals, Foundations and
charitable funds (for the purpose of school grants and administrative co8t8 of Ihe charity) and £206,045 (2024.,
£239,735) from charitable activities.The charity distributed £398,000 (2024.. £595,210) in grant awards to 24
{2024: 411 state primary and secondary schoo18 acro88 the UK. Operating profrt for the year was £212,758
{2024: loss £22,957).
Reserves pollcy
At the year end unrestricted reseNe8 of the Charity were £354.678 <2024: £171,920) and restricted reserves
were £30.000 (2024.. £Nil).
In line with the intenlion stated in the Annual Report, tha charity continues to maintsin a 12 month operational
crJSt reseNe8 policy,
Totsl reserve (in line with current operational cost) to stsnd at no more than £150.000 and all other funds to be
allocated via the RTM School Music Awards by the end of each financial year unless otherwise agreed with the
Board of Trustees. In 2025 the reserves actually stood as £384,678 dug to a donation being received in advance
of £225,000, which will ba spent within the 2025126 year end.
Strateglc revlew
Restore the Music started an intensiv8 process of strategic review and development in February 2025. This
includes developing the fund•raising capability to sustain RTM'S work in conjunction with modelling a five-year
plan for strategic expansion within the charity. Our process takes account of dynamic factors affecling UK music
hubs, the national curriculum, music teacher training, the changing arts funding landscape, as well as building
the charitls internal capacity and external networks.
This programme of work was planned wrth 9uidance and expertise from Dylan Tatz, Director, The Singer Family
Charitable Foundation, and fom)er director of The Becker Foundation. Strategic consultant Janet Reeve is
working closely alongside the RTM CEO to develop fund-raising and governance infrastructure.
Our plan is to incr8ase board membership to ten by end 2026. The list for consideration is based on candidates,
skills and experience in the following areas: music education. social welfare. fund-raising, musicianship, creativa
industries and legal.
Page 7

RESTORE THE MUSIC UK
TRUSTEES, REPORT {coKfiNUED)
FOR THE YEAR ENDED 31 MARCH 2025
Futur¢ developments
The Charity's objeclive continues to be lo resource school music departments in areas of high deprivation across
the UK and hamess the power of music to build a path out of poverty.
This obj8Ctive will be achieved via a longer-term fundraising strategy which. coup18d with a match-funding pledge
by an anchor donor will help achi8V8 greater reach across the UK and further resourcing opportunities for Cufrent
award recipients.
With a footprint in the 4 key hubs - London, M8nch8Ster, Newcastle and Bimiingham - now firmly estsblished
and irrafutable proof of concept and impact (cf. Grant Impact Report) in hand, the intention is to secure regional
funding partners and deliver the founding vision in greater scale,
The Trustees thank and acknowledge lh8 generosily of The Singer Famity Charitable Foundatlon in the form of
an annual grant award and continue in their commrtmant to seeking additional funding from external parties in
order to maintain and grow the RTM School Music Programme.
The Charity runs an active fundraising programme for donors and various events for student participation eg.
Gala Dinner and Battle of the Bands, However, the application process and funding model of the School Mu81C
Awards Programme itself remains a virtual operation which is fully Scalable and deliverable in any location.
RTM has full funding in place for the year ahead whlch will allow for both the objective of the charity (funding tha
provision of music to school%oing young people) as well as covering the costs of delivaring Ihe pro9ramme. The
charity is felt to have a suffKiently stied resenie sum and thus all other incom8 lo be distributed via the RTM
SChC￿l Music Awards Programme by end of financial year, unforeseen restrictions notwithstanding.
The charity will continue to operate Dnty in line with its revenue forecasl and will trim or grow the funding rounds
accordingly. Howwor the charity naturally hopes that nationwide expansion will continue and enable growth of
the RTM School Music Awards Programme in line with Iha Founding Vision and Code of Governance oullined
above.
The Trustees are confident that the on-going contingency planning within the organization will ensure that RTM
is in a position to continue and thrive for the foreseeable future and. therefore, the financial Statements have
been prepared on thig basis,
Acknowledgement
The Trustees wish to thank CEO. Polly Stepan, for outstanding execution and delivery of the aims and purpose
of RTM and note the significant uptick in fundraising and gr￿h of the charity and its nationwide footprint. The
Trustees recognise and acknowledg& a remarkable job executed by Polly Stepan with integrity. determination
and an unwaverin9 belief in the vision of RTM.
Approved
of the members of the board of Trustees and signed on their behalf by:
S5nger
Chair of Trustees
Date.. 27111 ￿2r
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RESTORE THE MUSIC UK
STATEMENT OF TRUSTEES, RESPONSIBIUTIES
FOR THE YEAR ENOED 31 MARCH 2025
The Trustees are responsible for preparing the Trustees, report and the financial stataments in accordance with
applicable law and United Kingdom A￿ountIng Siandards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wal&s requires th8 Truste88 to prepare financial sl8tements for
each financi81 which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
Statements, the Tru8tees are required to..
select suitable accounting policie8 and than apply them consistently:
obsèrve the methods and principles of the Charities SORP IFRS 102).,
make judgements and accounting estimates that are reasonable and prudent;
state wh8ther applicable UK Accounting Standards (FRS 102) have been followed, subject to any malerial
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the
Charity will continue in busine88.
The Trustees are responsible for keeping adequate accounting record8 that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any lime the financial position of the Charity
and enable them to ensure that tha financial statements compty with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are 81so responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection Of
fraud and other irregularities.
Approved by o
he members of the board of Trustees and signed on its behalf by:
Slnger
Chair of Trustees
Date.. 271111kn2r
Page 9

RESTORE THE MUSIC UK
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENOED 31 MARCH 2026
Independent oxam5ner'8 report to the Trustees of Restore the Muslc UK ('th• Charity.)
I report to the charty Trustees on my examination of the accounts of the Charity for the year ended 31 March
2025.
Responslbllltlos and basis of report
A8 the Trust&es of the Charity you are r8sponsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the 2011 Act,).
I report in re8pect of my examination of the Charity5 accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Direclion8 given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Indapondent examlner's statement
Sinca the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed In
section 145 of the 2011 Act. I confim that l am qualified to undertake the examination because l am a member
of The Institute of Chartered Accountants England and Wales, which IB one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts In accordance with Accounting and
Reporting by Charrtie5,' Statement of Recommended Practice applicable to charities preparing their accounts in
accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in
preference to the Accounting and Reporting by Charities.. Statemenl of R8¢ommanded Practice issued on 1 April
2005 which is referred to in the exlant ragulations but has been withdrawn.
l understand that thi8 has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or afler 1 January 2019.
I have completed my examination. l confirm that no matters have come to my attention in connection wrth the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act. or
the accounts do not accord with those records; or
the accounts do not compty with the applicable requirements concerning the form and content of
accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lwe and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no oth8r matters in connection with the examinalion to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be ￿aChed.
Page10

RESTORE THE MUSIC UK
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
This report is made solely to the Charitys Trustees, as a body, in accordance wrth Part 4 of the Charities
(Accounts and R8POrts) Regulations 2008. My work has been undertaken so that I mi9ht state to Ihe Charitys
Trustees those matters l am required to state to them in an Independent examiner's report and for no other
purpose. To the fullest exient pemiitted by law, I do not ￿cept or assume responsibility to anyone other than the
Charity and the Charitys Tiustees as a body, for my work or for this report.
Signed..
Dated..
l December 2025
Guy Biggln
ACA
Crowe U.K. LLP
Chart8r8d Accountants
Fourth Floor
St James House
St James Square
Cheltenham
GL50 3PR
Page11

RESTORE THE MUSIC UK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2026
Unre9tr1¢ted
funds
2025
Restrlcted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donalions
Charilable activities
699.437
206,045
40,000
739,437
206,046
665.319
239, 735
Total Income
905,482
40,000
945,482
905, 054
Expendlture on:
Raising funds
Charitable activities
128,259
594,465
128,259
604,466
131,639
796,372
10,000
Total expendltur•
722,724
10,000
732,724
928,011
Net mov•m8nt In funds
182,758
30,000
212,768
(22.957)
R•¢onciliatlon of funds:
Total funds brought fonNard
Net movement in fund8
18
18
171,920
182.758
171,920
212,758
194,877
(22, 957)
30,000
Total funds carrl•d forward
364.678
30,000
384,678
171,920
The notes on pages 15 to 31 form part of these financial statements.
Page 12

RESTORE THE MUSIC UK
BALANCE SHEET
AS AT 31 MARCH 2025
2026
2024
Note
Fixed a888ts
Tangible assets
Current assets
13
2,707
484
Debtors
Cash at bank and in hand
14
7.423
629,728
23, 155
197, 163
637,151
220,318
Curr•nt Ilabllltle$
Creditors.. amounts falling due within one
year
15
(264,688)
(48,882)
Nét current aggots
382,463
171,436
Creditors.. amount8 fallin9 due aftar more
than one year
16
1492>
Total net as88ts
384,678
171.920
Charlty funds
Restricted fund8
Unrestricted funds
18
18
30,000
354,678
171,920
Total fund8
384,678
171,920
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Slnger
Chair of Trustees
Dat8. 27111 Jsir
The notes on pages 15 to 31 form part of these financial statements.
Page 13

RESTORE THE MUSIC UK
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Cash flows from operating actlvltlos
Net cash used in operating activities
20
434,271
(2, 563)
Cash flows from Investlng a¢tlvltle8
Purchase of tangible fixed assets
12,636)
Net cash {usgd Inyprovld¢d by Investing a¢tlvltle8
{2,635)
Cash flows from flnanclng aciivitios
New finance lease$
Repayments of financè kases
1,188
1269}
(319)
Net cash provld•d byl{u8ed In) flnan¢ing actlvltles
929
{3191
Chang• In cash and cash equlvalents In th• y•ar
Cash and cash equivalents at the beginning of the year
432,566
197,163
12.8821
200, 045
Cash and cash equlvalents at the end of the year
21
629.728
197, 163
The notes on pages 1 S to 31 form part of these financial statements
Page 14

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General Information
Restore the Music UK is a Charitable Incorporated Organisation registered in England and Wales (Charity
number: 1172363 and Company number.. CE009796). The address of its registered office is 6th Floof,
Park House. 116 Park Street, London, W1 K 6AF.
Accountlng pollcles
2.1 8a81s of preparatlon of flnan¢lal statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounling and Reporting by Charrtie$.' Statement of Recommended Practice applicable to charities
praparing their accounts in accordance wrth the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland IFRS 102) {effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and tho Charities Act 2011.
Restore the Music VK meets the definition of a public benefit entty under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otheThvise 8tatad in thè
relevant accounting policy,
2.2 Golng Concern
The Tru8tees believe that the Charity's financial resource8 are Sufficlent to ensure the abilty of the
Charity to continue as a 90ing concern for the foreseeable future and that there are no material
uncèrtainties about the Charity's ability lo continue, being at least tsvelve months from the date of
approval of these financial statements and therefore have prepared the financial statements on a
going concern basis,
The Charity has full funding in place for the year ahead which will allow for both the objective of the
Charity (funding the provision of music lo school-going young poople) as well as covering the cosls of
delivering the programme. The charity is felt to have a sufficiently sized reserve sum and thus all
other income to be distributed via the School Grant Programme by end of financial year, unforeseen
restrictions notwithstanding.
Page 15

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2025
Accountlng pollclos {continued)
2.3 Incomo
All income is recognised once the Charity has entillement to the income, il is probable that the
income will be received and tha amount of income receivable can be measured reliably.
Legacies are recognised on receipt or otheDNise if the Charity has be8n notified of an impending
distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is
treated as a contingent asset.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specrfic purposes but not expended during the period is shown in the relevant
fund8 on the Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
fore income is received, th8 income is accrued.
Cash donations are recognised on receipt. Other donations are recognised once the Chanty has
been notrfied of the donation. unless performance conditions require deferral of ihe amount. Income
tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognlsed at
the time of the donation.
On rKeipt, donated professional $eNices and facilities are recognised on the basis of the value of
the gift to the Charity which 19 tha amount It would have been willing to pay to obtain seNicas or
facilities of equivalent economic benefit on the open marffet; a corresponding amount is then
recognised in expenditure in the period Of receipt.
2.4 Expendlture
Expandilur8 18 recognised once there Is a legal or constructive obligation to transfer economic benefrt
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure 18 classified by activity. The costs
of each adivity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Sha￿d ¢ost$ which contribute to more than one activity and support costs which are
not attributable to a single activrty are apportioned between those activitie$ on a basis consistent with
the use of resources.
Expenditur? on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes cosls of all fundraising activities events.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objective8, as well as any associated support costs.
Grants payable are debited to the Statement of Financial Adivities when an undertaking to pay the
grant during the financial year has been entered into.
All expenditure is inclusive of irrecoverable VAT.
Paga 16

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Account5ng pollcles (contlnued)
2.6 Tanglble flxod assets and depreclatlon
Tangible fixed assets costing £100 Qr more are capitalised and recognis8d when future economic
benefils ar& pft)bablè and Ihe cost or value of the asset can be measured reliabty.
At each reporting date the Charily assesses whether there Is any Indicalion of impairment. If such
indication exists, the recoverabl8 amount of the asset is determined to be the higher of its fair value
less costs to sell and its value in use. An impaimient loss is recogni3ed where tha carrying amount
exceeds the recoverable amount.
Depreciation is charg8d so 85 to allocate the cosl of tangible fixed assets less their re8idual valu&
over their estimated u8eful lives, using tha straight-line method.
Depreciation is provided on the following basis:
Computer equipment
330
2.6 Flnanclal In8trum•nts
Tha Charity only ha8 financial assets and financial liabilities of a kind that qualrfy as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequenlly
measured at their settlement value.
Debtorn
Trade and other debtors are recognised at the settlement amounl 8ft&r any trade discount offered.
Prepayments are valued at the amount prepaid.
Cash at bank and In hand
Cash al bank and in hand Includes cash and short-term highly liquid investments with a short maturrty
of three month8 or less from the date of acquisition or opening of thè deposit or similar account.
Llabllltlos and provision$
Liabilities are recognised when there is an obligation at the Balance sheet date as a resull of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount thal th8 Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or san4ices it must provid8.
2.7 Flnance l&as•s and hlre purchase
Assets obtained under hire purchase contracts and finance leases are capitalised 8S tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Financ8 leases
are those where substantially all of the benefits and risks of ownership are assumed by the Charity.
Obligations under such agreements are included in creditors, net of the finance charge allocated to
future periods. The finance element of the rental payment is charged to the Statement of financial
activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each
period.
Page 17

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Account5ng policies {contlnued
2.8 Penslons
The Charity operates a defined contribution pension scheme and the pension charge represent5 the
amounts payable by the Charity to the fund in respect of the year.
2.9 Fund accountlng
General funds are unrestriclad funds which ale available for use at the discratlon of Ihe Tfustees in
furtherance of the general objectives of the Charily and which have not been designated for olher
purposas.
Restricted funds are funds which are to be used in accordance wilh specific restriction8 impo8ed by
donor8.
crftl¢al accountlng e8tlmate8 and areas of judgement
Estimales and judgemenls are continually evaluated and are based on historical experience and other
fadors, including expectations of future events that are believed to be reasonable under the
circumstances.
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates
and assumptions will, by definiiion. seldom equal the r&lated actual results. The estimates and
a$sumption8 that have a significant risk of causing a material adjustment to the Carrying amounts of
assets and liabilities within the next financial year are discussed below.
Critical accounting estimate8 and ag8umptions',
Recognition Of income from grant8 requires judgement. See note 2.3 for the accounting poliw for grant
income.
Depreciation 18 estimated at the rates detailed in note 2,5, the carying amount of assets is detailed in note
12.
Page 18

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2025
Income Irom donatlons and legacles
Unre8trlct8d Restricted
funds
funds
2026
2025
Total
funds
2025
Grants and donatlons
Singer Family Charitable Foundation
Propokenya
Other donors
The Give
SONY MUSIC UK
Story of Christmas
Rayne Foundatlon
410,000
15,000
5,113
70.710
148,614
40,000
10,000
40,000
460,000
15,000
6,113
70,710
148,614
40.000
10,000
Total 2025
899,437
40.000
739.437
Unrestricted
lunds
2024
Tol81
funds
2024
Donatlons
The Gordon and Jenny Singer Foundation
Propokenya
Othei donors
The Big Give
SONY MUSIC UK
Story of Christmas
Save Thè Music
185,000
70,000
54,473
52,3T2
133,474
60.000
110,000
185,000
70,000
54,473
52,372
133,474
60,000
110,000
665,319
665,319
Income from charitable activltles
Unrestri¢tsd
funds
2025
Totsi
funds
2025
Gala income
206,045
206,045
Page 19

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charltsble a¢tlvltles {contlnued
Unrestrict8d
funds
2024
Tot81
funds
2024
Gala income
239, 735
239, 735
Expenditure on ralslng funds
Costs of ralslng voluntary Incom•
Unrnstrlctad
funds
2025
Total
funds
2026
Events costs
Social media costs
117.884
10,37S
117,884
10,376
128,259
128,269
Page 20

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on ralslng funds l¢ontinued)
Costs of ral$lng voluntary Income (continued)
Unrest17Cted
funds
2024
Total
funds
2024
Event costs
Social media costs
119,348
12,291
119,348
12.291
131,639
131,639
Analy818 of grants
Grants to
In8tltutlons
2025
Total
funds
2026
Grants
398,000
398,000
Grants to
Instilulions
2024
Tot81
funds
2024
Grants
599,210
599.210
Page 21

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
All grants made in th8 year were to institutions.
The Ch8rty has made the following material grants to institutions during the year..
2026
Nam• of Institution
Ark Priory Primary Academy
Ark All Saints Academy
Ark School Burlington Danes Academy
Buxton School
The City Academy
Ark John Archer Primary Academy
Trinity Academy Brixton
Ark Putney Academy
Gladesmore Community School
Harris Academy Battersea
Harris Invictus Academy Croydon
George Green's School
Sch¢JoI 21
Manchester Academy {United Learning)
Boldon Sthool
Manchester Communication Primary Academy
West Newcastle Academy
Art( Boulton Academy
Four Dwellings Primary Academy
North Birmingham Academy
Ark St Albans
Lordswood Boys, School
COOP Academy Bell Vue
Callerton Academy
10.000
20.000
20.000
10,000
18.000
6,000
1 5,000
20,000
10.000
20,000
20,000
20,000
30.000
20,000
20,000
10,000
10,000
20,000
10,000
20,000
20,000
10,000
20,000
20,000
398,000
Page 22

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2024
Name of Institutlon
Albion Primary School
Sl Mary's Lewisham CE Primary School
Gladstone Park Primary School
Cardinal Pole Catholic School
Bolder Academy
Lilian Baylis Technology School
Abraham Moss Community School
Harris Science Academy
Chobham Academy
Benfield School
Dukesgate Academy
Our Lady's RC High School
Thomas Walling Primary Academy
Lordjwood Boy's School
St Benedicts Primary School
Salford City Academy
Lea Forest Prlmary
Holyhead School
Ark Acton Academy
Walkar Riverside School
Oasis Acadèmy Shifley Park
Easllea Community School
Oak Wood School
Harris Academy Clapham
Harris Academy St John's Wood
Skinners, Academy
Easl Manchester Academy
Ark WaNvorth
School 21
Ark Globe Primary
Harris Primary Acad8my Crystal Palace
The City Academy
Harris Academy Purely
Bobby Moore Academy
Walk6r RiversKle
10, 000
10, 000
10,000
20, 000
20,(
20, 000
10,000
to,000
10.000
20,000
to,000
20.000
11,000
11,000
11,000
11,000
11,000
11,000
20,000
11,000
11,000
11,000
11.(X
10,000
10,000
20.000
20,OLXI
20,000
15,210
10,000
20,000
20,000
20,000
Ark Tindal Primary Academy
Ark Kings Academy
Hebbum School
Broadoak School
Page 23

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Walling Park Primary
Harris Academy Greenwich
Harris Cty Academy Crystal Palace
10,000
599,210
Analys18 of 8xp•ndlture on charftable actlvltle8
Summary by fund typ•
Unrestrict•d Restrlcted
fund$
funds
2025
2025
Total
2025
Charitable activities
594,465
10,000
604.465
Unrnst17Cted
lunds
2024
Total
2024
Charitable activities
796,372
796,372
Analys18 of expendlture by activities
Grant
fundlng ol
actlvltles
2025
Support
costs
2025
Total
funds
2025
Charitsble activities
398,000
206,465
604,465
Page 24

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expendlture by actlvltles (continued)
Grant
lunding ol
8Ctivit19S
2024
Support
costs
2024
Tot
funds
2024
Charitable activities
599,210
197, 162
796, 372
Analysls of support costs
Total
funds
2026
Total
funds
2024
Staff c03ts
Depreciation
Rent of office space
Website and IT cost
Travel and subsistence
Bank charges
Office costs
Insurance
Accountancy and Independent Examinerfs fee8
Advertising and Marketing
Subscriptions
Consultancy fees
Telephone and internet
163,069
412
6,600
3,286
2,286
147
112
1,211
14,887
4,202
156.058
685
6.400
11,468
1.911
135
219
1.299
14.381
4.556
50
10,000
206.465
197. 162
Page 25

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2025
10. Independent exam•nerf$ r8muneratlon
2025
2024
Fees payable to the Charitys independent examiner for the independent
examination of the Charty's annual accounts
Fees payable lo the Charivs independent examiner in respect of..
Preparation of financial statements
8ookkeeping and payroll
3,330
3, 180
2,666
8.892
2,549
8, 652
11. Stsff Costs
2026
2024
Wage8 and salarks
Social security costs
Contribution to defined contribution pengion scheme8
149,140
11,816
2,103
142. 787
11.191
2.080
163,069
156.058
The average number of persons employed by the Charily during the year was as follows..
2025
No.
2024
No.
Administration
The number of employees whose employee benefrts (axcluding employer pension costs) exceeded
£60.000 was:
2025
No.
2024
No.
In Ihe band £110,001- £120,000
Remuneration of kay manag8ment personnel, defined as the CEO was £121,371 (2024 - £115,258).
12. Trustee8' remuneration and expenses
During the year. no Trustees received any remuneration or other benefrts (2024 - £NIL).
During the year ended 31 March 2025. no Trustee expenses have been incurred (2024 - £NIU.
Page 26

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Tanglble fixed ass¢ts
Computer
equipment
Cost
At 1 April 2024
Additions
3,596
2.635
At 31 March 2025
6.230
D•preclatlon
At 1 April 2024
Charge for the year
3,111
412
At 31 March 2025
3.523
Net book value
At 31 March 2025
2,707
Al 31 Ma￿h 2024
14. Dobtorn
2026
2024
Prepayments and accrued income
7,423
23,155
Page 27

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Credltor8; Amounts falllng due wlthln one year
2025
2024
Obligations under finance lease and hire purchase contracts
Other Creditors
Accruals and deferred income
597
160
405
48,317
263,682
264,688
48, 882
16. Credltorn: Amounts falllng due after more than one year
2025
2024
Net obligations under finance lease and hire purchase conlracts
492
17. Accruals and deferr￿ income
2025
2Q24
Deferred income at 1 April 2024
Re￿Ur¢e$ deferred during the year
Amounts released from previous periods
40,500
96,000
140,600
65,493
(29.993)
Deferred Income at 31 March 2025
95,000
40, 500
Page 28

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds
Statement of fundg - curront year
Balance at
31 March
2025
Balance at 1
Aprll 2024
Incom• Expendltur•
Unrestrlctod funds
General Funds
171,920
905.482
(722,724)
354,678
Re8trlctod fund$
Fundraising Consullant
40,000
{10,000)
30.000
Total of funds
171,920
945,482
(732,724)
384.678
Statem•nt of lunds - prlor y•ar
B81ance at
31 Ma￿￿
2024
Balance at
1 Ap1712023
Income Exp8ndifure
Unrnstricted funds
General Funds
194.877
905.054
(928,011)
171,920
Re$trlct6d funds
Fundraising consultant- Fundraising consultant, hired to provide strategic fundraising direction and
development working directly wth the CEO.
Page 29

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19. Analysls of net assets bet￿On funds
Analysls of not assets betweon funds - current year
Unrestrictsd Restrlctod
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assels
Current assels
Credrtors due within one year
Creditors due in more than one year
2,707
597,151
{244,688)
(492)
2,707
40.000
637,151
(10,0001 (254,688)
(492)
Total
354,678
30,000
384,678
Analy818 of net a8sets b•tween funds - prlor yoar
Unrestiicted
funds
2024
Total
funds
2024
Tangible fixed asset8
Current assets
Creditors due wlthin one year
220,318
(48, 882)
220,318
(48,882)
Total
171,920
171,920
20. ReconGlllatlon of n•t movement In funds to net cash flow from operatlng actlvltles
2025
2024
Net incomelexpenditure for the year las per Statement of Financial
ActThiities)
212,768
(22, 957)
Adjustmonts for:
DepreCiat￿n charges
Decreasel (in¢reas8) in deblors
Increase in creditors
412
16,732
205,369
685
(12.824)
32.533
Net cash provided byl{used In) operating actfvltles
434.271
(2. 563)
Page 30

RESTORE THE MUSIC UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21. Analysis of cash and cash equlvalents
2026
2024
Cash in hand
629,728
197, 163
Total cash and cash equivalents
629,728
197, 163
22. Analysls of changes In nol dfrbt
At 1 April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
Financé leases
197.163
432,566
1929)
629.728
(1,089)
197,003
431,636
628,839
23. Pon8lon commitm•nt8
The Charity operates a defined contribution pension scheme. The asset$ of the scheme are held
saparately from th058 of the Charity in an independently administered fund. The pension ¢o$t charge
represents contributions payable by tha Charity to the fund and amounted to £2.103 (2024.. £2,080). At the
year end contributions payable amounted to £409 (2024.. £405) and are included in other creditors.
24. Related party transa¢tion8
During the year grants of £465,000 {2024.' £200,000) and the purchase of no tables at the Gala
fundraising dinner for £Nil.12024.' 2 table for £20,000) wer8 received from Singer Family Charitsble
Foundation, of which the Tru8tee Gordon Singer is President.
£425,000 of tha grant al)ove is unrestricted. £40,000 of the grant is restricted for a fundraising consujiant
and £15.000 of the grant was paid direclly to the Big Give in 2025 and 2024.
£1,000 VRS also donated by the Singer Family Charitable Foundation at the Gala fundraising evenl.
Donations from Trustees and connected parties totslling £1,000 {2024: £9,788) were received during the
financial year and Ihe purchase of 2 tables at the Gala fundraising dinner for £20,000.
The purcha3e of tsbles at the Gala fundraisin9 dinner are shown in deferred income in the accounts.
Page 31