Charity registration number: 1176649 

**GREENWICH MUSIC SCHOOL TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

Finsbury Robinson Ltd 237 Westcombe Hill London SE3 7DW 



## **Greenwich Music School Contents** 

||**Page**|
|---|---|
|Trustees' Report|1—4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Comparative Statement of Financial Activities|7|
|Statement of Financial Position|8|
|Notes to the Financial Statements|9—14|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|15—16|





## **Greenwich Music School** 

## **Trustees' Report For The Year Ended 31 August 2025** 

The trustees present their report and the financial statements for the year ended 31 August 2025. 

## **Objectives and Activities** 

## **Aims and Objectives** 

The charity’s mission is to enable creative, artistic and personal growth through music education for the people of Greenwich and the surrounding areas. During the year trustees engaged in further development of long-term strategic direction. In June 2025 a proposal was presented outlining an ambitious goal to expand reach significantly through schools partnerships, potential venue growth and digital provision. Expanding access through carefully structured schools partnerships aligns closely with the charity’s mission and North Star ambition to enable more students to make music regularly each week. Further development work is ongoing. 

## **Public Benefit** 

The object of the CIO is for the public benefit to advance education in music, particularly but not exclusively of people living in Greenwich and the surrounding areas. The trustees confirm that they have complied with the Charity Commission’s guidance on public benefit. Activities during the year advanced musical learning, widened access to tuition, and supported the creative and personal development of learners of all ages. 

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. 

## **Achievements and Performance** 

## **Main Achievements** 

During the year Greenwich Music School served an estimated 1,180 students, representing an increase of approximately 7% compared with the previous year. 

## Teaching and learning 

Teaching took place across permanent venues, hourly-hire spaces and new school partnerships. Group musicianship provision continued to grow, with younger children regularly performing in concerts. A structured practice diary was introduced to support home learning and strengthen communication with families. 

## Progression and access 

The first cohort of Portal Trust scholars began tuition in January. Scholars received 80% fee support alongside additional resources and performance opportunities. SEND provision continued to develop under dedicated leadership, improving accessibility and structured support. 

## Schools partnerships 

Curriculum-time tuition was delivered at Henwick Primary School and Bannockburn Primary School. The executive team developed clearer operational processes for direct parent billing, timetable structuring and school engagement. This marked a shift from exploratory conversations in the previous year to tested delivery with a defined pathway for responsible expansion. 

## Organisational capacity and systems 

The office team was strengthened through targeted recruitment and fractional specialist roles, including operational, bookkeeping and schools partnership expertise. A structured programme of documenting and systemising internal processes began during the year. The migration to SpeedAdmin Play! introduced rolling enrolment and monthly payments, improving long-term administrative capability, while requiring careful management during transition. 

## Facilities 

Building works at The Stables were completed, including room reconfiguration and improved accessibility. These works strengthen the long-term suitability of the venue. 

## Plans for future periods 

The coming year will focus on strengthening the systems and processes that underpin schools partnerships, ensuring an excellent experience for schools, parents and pupils. This includes refining operational workflows, developing relationship management capability, and building internal expertise to support sustainable growth. Further work will continue on longterm strategic planning, financial resilience and capability development across the organisation. 

Page 1 



## **Greenwich Music School Trustees' Report (continued) For The Year Ended 31 August 2025** 

## **Financial Review** 

## **Financial Position** 

The charity recorded a deficit for the year. Following a year of positive income and reserve-building in 2023–24, trustees approved strategic reinvestment in staffing, systems and infrastructure to strengthen long-term sustainability. The deficit reflects this planned investment alongside the cashflow effects of transitioning to monthly payments and undertaking building works. During the year the charity made the final repayment of the £100,000 CAF Venturesome loan. A new loan facility of up to £70,000 was approved to stabilise short-term cashflow, support building works and provide headroom for continued development. Cashflow projections were reviewed regularly by trustees during the year. 

## Fundraising and support 

The charity is deeply grateful for the continued support of The Portal Trust, Tesco Stronger Starts, the Co-op Local Community Fund, and in particular the Orinoco Foundation, whose generosity has played an important role in sustaining and developing our work. Trustees remain committed to strengthening fundraising capability over time. 

## **Risk Management** 

Trustees maintained oversight of the risk register, with particular focus on cashflow during the payment transition, operational capacity during systems change, safeguarding, and growth planning. 

## **Structure, Governance and Management** 

## **Governing Document** 

Greenwich Music School is a Charitable Incorporated Organisation (CIO) governed by its Constitution and registered with the Charity Commission for England and Wales (CCEW). The Board of Trustees are the only voting members and hold ultimate legal responsibility for the charity’s strategic direction and financial health. 

## **Organisational Structure** 

## Structure, governance and management 

The charity is governed by a board of trustees who meet regularly throughout the year. The board provides strategic oversight, financial governance and safeguarding assurance, while day-to-day management is delegated to the Chief Executive and Principal. During the year the board strengthened its financial oversight in light of the transition to monthly payments, the completion of building works, and the agreement of a new loan facility. Trustees reviewed cashflow projections and risk assessments regularly and provided scrutiny and challenge where appropriate. 

## **Reference and Administrative Details** 

## **Trustees** 

Ms L Beveridge Ms R Hill Mr B Rous Mr S Stockley Ms Y Zheng Mr M Pickering Mr S Solomonidis (appointed 24/03/2025) Mr E Grande (appointed 21/08/2025) 

## **Other Personnel** 

Ed Scolding - Chief Executive Bethan Scolding - Principal 

## **Charity Number** 

1176649 

Page 2 



**Greenwich Music School Trustees' Report (continued) For The Year Ended 31 August 2025** 

## **Principal Address** 

Vanbrugh Studio 137 Vanbrugh Hill Greenwich London SE10 9HP 

## **Independent Examiner** 

Gemma L Fogarty FCA Finsbury Robinson Ltd 237 Westcombe Hill London SE3 7DW 

Page 3 



## **Greenwich Music School Trustees' Report (continued) For The Year Ended 31 August 2025** 

The trustees' report was approved by the board of trustees and signed on its behalf by: 


Ms Y Zheng Trustee Date: 26/05/2026 

Page 4 



## **Greenwich Music School Independent Examiner's Report to the Trustees of Greenwich Music School For The Year Ended 31 August 2025** 

I report to the trustees on my examination of the accounts of Greenwich Music School (the Trust) for the year ended 31 August 2025. 

## **Responsibilities and Basis of Report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent Examiner's Statement** 

Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 

I have completed my examination. I have considered the charity’s net liability position of £73,081 at 31 August 2025. The Trustees have taken steps to stabilise the financial position, including the securement of a new £70,000 loan facility and the strategic shift toward school-based tuition delivery. I have found no material uncertainties that would cast significant doubt on the charity’s ability to continue its operations for at least twelve months from the date of this report. 

I confirm that no other material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


Gemma L Fogarty FCA 237 Westcombe Hill London SE3 7DW 

Date: 04/06/2026 

Page 5 



## **Greenwich Music School Statement of Financial Activities For The Year Ended 31 August 2025** 

|**Notes**<br>**INCOME AND ENDOWMENTS FROM:**<br>Donations and legacies<br>**3**<br>Charitable activities:<br>Service Delivery<br>Investments<br>**4**<br>Other<br>**5**<br>**EXPENDITURE ON:**<br>Charitable activities:<br>**7**<br>Service Delivery<br>Support Costs<br>Governance Costs<br>**NET (EXPENDITURE)/INCOME**<br>Transfers between funds<br>**18**<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS:**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**<br>**18**|**Unrestricted**<br>**funds**<br>**£**<br>2,193<br>511,690<br>888<br>7,006|**Restricted**<br>**funds**<br>**£**<br>1,000<br>49,089<br>-<br>-|**2025**<br>**Total**<br>**funds**<br>**£**<br>3,193<br>560,779<br>888<br>7,006|**2024**<br>**Total**<br>**funds**<br>**£**<br>4,718<br>543,110<br>886<br>229|
|---|---|---|---|---|
||521,777|50,089|571,866|548,943|
||(512,558)<br>(11,695)<br>(17,119)|(46,812)<br>-<br>-|(559,370)<br>(11,695)<br>(17,119)|(509,044)<br>(7,106)<br>(21,787)|
||(541,373)|(46,811)|(588,184)|(537,937)|
||(19,596)<br>1,013|3,278<br>(1,013)|(16,318)<br>-|11,006<br>-|
||(18,583)<br>(83,430)|2,265<br>26,667|(16,318)<br>(56,763)|11,006<br>(67,769)|
||(102,013)|28,932|(73,081)|(56,763)|



The notes on pages 9 to 14 form part of these financial statements. 

Page 6 



## **Greenwich Music School Comparative Statement of Financial Activities For The Year Ended 31 August 2025** 

|**Notes**<br>**INCOME AND ENDOWMENTS FROM:**<br>Donations and legacies<br>**3**<br>Charitable activities:<br>Service Delivery<br>Investments<br>**4**<br>Other<br>**5**<br>**EXPENDITURE ON:**<br>Charitable activities:<br>**7**<br>Service Delivery<br>Support Costs<br>Governance Costs<br>**NET INCOME**<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS:**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**<br>**18**|**Unrestricted**<br>**funds**<br>**£**<br>4,718<br>508,037<br>886<br>229|**Restricted**<br>**funds**<br>**£**<br>-<br>35,073<br>-<br>-|**2024**<br>**Total**<br>**funds**<br>**£**<br>4,718<br>543,110<br>886<br>229|
|---|---|---|---|
||513,870|35,073|548,943|
||(490,869)<br>(7,106)<br>(21,787)|(18,175)<br>-<br>-|(509,044)<br>(7,106)<br>(21,787)|
||(519,762)|(18,175)|(537,937)|
||(5,892)|16,898|11,006|
||(5,892)<br>(77,538)|16,898<br>9,769|11,006<br>(67,769)|
||(83,430)|26,667|(56,763)|



The notes on pages 9 to 14 form part of these financial statements. 

Page 7 



## **Greenwich Music School Statement of Financial Position As At 31 August 2025** 

|**Notes**<br>**FIXED ASSETS**<br>Tangible Assets<br>**12**<br>**CURRENT ASSETS**<br>Debtors<br>**13**<br>Cash at bank and in hand<br>**Creditors: Amounts Falling Due Within One Year**<br>**14**<br>**NET CURRENT ASSETS (LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**Creditors: Amounts Falling Due After More Than One**<br>**Year**<br>**15**<br>**NET LIABILITIES**<br>**FUNDS OF THE CHARITY**<br>Restricted Funds<br>Unrestricted Funds<br>**TOTAL FUNDS**<br>**18**|**Unrestricted**<br>**funds**<br>**£**<br>63,274|**Restricted**<br>**funds**<br>**£**<br>1,013|**2025**<br>**Total**<br>**funds**<br>**£**<br>64,287|**2024**<br>**Total**<br>**funds**<br>**£**<br>42,694|
|---|---|---|---|---|
||63,274<br>7,941<br>11,051|1,013<br>-<br>27,919|64,287<br>7,941<br>38,970|42,694<br>26,626<br>65,386|
||18,992<br>(121,214)|27,919<br>-|46,911<br>(121,214)|92,012<br>(157,426)|
||(102,222)|27,919|(74,303)|(65,414)|
||(38,948)|28,932|(10,016)|(22,720)|
||(63,065)|-|(63,065)|(34,043)|
||(102,013)|28,932|(73,081)|(56,763)|
||||28,932<br>(102,013)|26,667<br>(83,430)|
||||(73,081)|(56,763)|



On behalf of the board 


Ms Y Zheng 

Trustee Date: 26/05/2026 

The notes on pages 9 to 14 form part of these financial statements. 

Page 8 



**Greenwich Music School Notes to the Financial Statements For The Year Ended 31 August 2025** 

## 1. **General Information** 

Greenwich Music School is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1176649. The principal address is Vanbrugh Studio, 137 Vanbrugh Hill, Greenwich, London, SE10 9HP. 

## 2. **Accounting Policies** 

## 2.1. **Basis of Preparation of Financial Statements** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. 

The charity is a Public Benefit Entity as defined by FRS 102. 

## 2.2. **Incoming Resources** 

Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income is not recognised until any conditions for receipt have been met or are within the control of the charity. 

## 2.3. **Resources Expended** 

Expenditure is recognised on an accruals basis as soon as there is a legal obligation committing the charity to that expenditure. It must be probable that the amount of the obligation can be measured reliably. 

## 2.4. **Tangible Fixed Assets and Depreciation** 

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 

|Plant & Machinery|10% on cost|
|---|---|
|Fixtures & Fittings|10% on reducing balance|
|Computer Equipment|33% on cost|



## 2.5. **Cash and Cash Equivalents** 

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 

## 3. **Income from Donations and Legacies** 

|Donations and gifts<br>Donations and gifts|**Unrestricted**<br>**funds**<br>**£**<br>2,193|**Restricted**<br>**funds**<br>**£**<br>1,000|**2025**<br>**Total**<br>**funds**<br>**£**<br>3,193|
|---|---|---|---|
||**Unrestricted**<br>**funds**<br>**£**<br>4,718|**Restricted**<br>**funds**<br>**£**<br>-|**2024**<br>**Total**<br>**funds**<br>**£**<br>4,718|



## 4. **Investment Income** 

Page 9 



## **Greenwich Music School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** 

|Bank interest receivable<br>5.<br>**Other Income**<br>Other Income<br>6.<br>**Net Income/(Expenditure)**<br>The net (expenditure)/income is stated after charging/(crediting):<br>Bad debts<br>Depreciation of tangible fixed assets - owned<br>7.<br>**Analysis of Expenditure**<br>Service Delivery<br>Support Costs<br>Governance Costs<br>Service Delivery<br>Support Costs<br>Governance Costs|**Activities**<br>**undertaken**<br>**directly**<br>**£**<br>399,903<br>-<br>-|**2025**<br>**Unrestricted**<br>**funds**<br>**£**<br>888|**2024**<br>**Unrestricted**<br>**funds**<br>**£**<br>886|
|---|---|---|---|
|||**2025**<br>**Unrestricted**<br>**funds**<br>**£**<br>7,006|**2024**<br>**Unrestricted**<br>**funds**<br>**£**<br>229|
|||**2025**<br>**£**<br>-<br>9,420|**2024**<br>**£**<br>1,982<br>12,001|
|||**Support**<br>**costs**<br>(see note 8)<br>**£**<br>159,467<br>11,695<br>17,119|**2025**<br>**Total**<br>**£**<br>559,370<br>11,695<br>17,119|
||399,903|188,281|588,184|
||**Activities**<br>**undertaken**<br>**directly**<br>**£**<br>403,737<br>-<br>-|**Support**<br>**costs**<br>(see note 8)<br>**£**<br>105,307<br>7,106<br>21,787|**2024**<br>**Total**<br>**£**<br>509,044<br>7,106<br>21,787|
||403,737|134,200|537,937|



Page 10 



## **Greenwich Music School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** 

## 8. **Support Costs** 

|Employee costs<br>Premises expenses<br>General administration<br>Depreciation<br>Interest payable<br>Employee costs<br>Premises expenses<br>General administration<br>Depreciation<br>Interest payable<br>9.<br>**Independent Examiner's Remuneration**<br>Independent examination of the financial statements<br>10.<br>**Staff Costs**<br>Staff costs were as follows:<br>Wages and salaries<br>Social security costs<br>Other pension costs|**Service**<br>**Delivery**<br>**£**<br>106,423<br>9,544<br>43,500<br>-<br>-|**Support**<br>**Costs**<br>**£**<br>-<br>-<br>11,695<br>-<br>-|**Support**<br>**Costs**<br>**£**<br>-<br>-<br>11,695<br>-<br>-|**Governance**<br>**Costs**<br>**£**<br>-<br>-<br>5,896<br>9,420<br>1,803|**2025**<br>**Total**<br>**£**<br>106,423<br>9,544<br>61,091<br>9,420<br>1,803|
|---|---|---|---|---|---|
||159,467|11,695||17,119|188,281|
||**Service**<br>**Delivery**<br>**£**<br>62,595<br>8,013<br>34,699<br>-<br>-|**Support**<br>**Costs**<br>**£**<br>-<br>-<br>7,106<br>-<br>-||**Governance**<br>**Costs**<br>**£**<br>-<br>-<br>6,981<br>12,001<br>2,805|**2024**<br>**Total**<br>**£**<br>62,595<br>8,013<br>48,786<br>12,001<br>2,805|
||105,307|7,106||21,787|134,200|
|||||**2025**<br>**£**<br>2,200<br>**2025**<br>**£**<br>96,832<br>4,861<br>3,145<br>104,838|**2024**<br>**£**<br>2,100|
||||||**2024**<br>**£**<br>57,884<br>2,830<br>1,441|
||||||62,155|



No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 

## 11. **Average Number of Employees** 

Average number of employees during the year was: 3 (2024: 2) 

Page 11 



## **Greenwich Music School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** 

## 12. **Tangible Assets** 

|12.<br>**Tangible Assets**||||||
|---|---|---|---|---|---|
|**Plant &**<br>**Machinery**<br>**£**<br>**Cost**<br>As at 1 September 2024<br>6,095<br>Additions<br>-<br>As at 31 August 2025<br>6,095<br>**Depreciation**<br>As at 1 September 2024<br>1,240<br>Provided during the period<br>610<br>As at 31 August 2025<br>1,850<br>**Net Book Value**<br>As at 31 August 2025<br>4,245<br>As at 1 September 2024<br>4,855<br>13.<br>**Debtors**<br>**Due within one year**<br>Trade debtors<br>Other debtors<br>14.<br>**Creditors: Amounts Falling Due Within One Year**<br>Trade creditors<br>Bank loans and overdrafts<br>Other creditors<br>Taxation and social security<br>Accruals and deferred income<br>15.<br>**Creditors: Amounts Falling Due After More Than One Year**<br>Bank loans<br>Other creditors|**Plant &**<br>**Machinery**<br>**£**<br>6,095<br>-|**Fixtures &**<br>**Fittings**<br>**£**<br>57,746<br>30,000||**Computer**<br>**Equipment**<br>**£**<br>54,001<br>1,013|**Total**<br>**£**<br>117,842<br>31,013|
||6,095|87,746||55,014|148,855|
||1,240<br>610|22,911<br>6,484||50,997<br>2,326|75,148<br>9,420|
||1,850|29,395||53,323|84,568|
||4,245|58,351||1,691|64,287|
||4,855|34,835||3,004|42,694|
|||||**2025**<br>**£**<br>123<br>7,818<br>7,941<br>**2025**<br>**£**<br>17,237<br>16,255<br>2,254<br>4,935<br>80,533<br>121,214<br>**2025**<br>**£**<br>39,722<br>23,343<br>63,065|**2024**<br>**£**<br>18,808<br>7,818|
||||||26,626|
||||||**2024**<br>**£**<br>-<br>17,144<br>1,713<br>6,652<br>131,917|
||||||157,426|
||||||**2024**<br>**£**<br>5,748<br>28,295|
||||||34,043|



Page 12 



## **Greenwich Music School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** 

## 16. **Loans** 

An analysis of the maturity of loans is given below: 

|Amounts falling due within one year or on demand:<br>Bank loans<br>Amounts falling due between one and five years:<br>Bank loans|**2025**<br>**£**<br>16,255<br>**2025**<br>**£**<br>39,722|**2024**<br>**£**<br>17,144|
|---|---|---|
|||**2024**<br>**£**<br>5,748|



## 17. **Pension Commitments** 

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. 

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £3,145 (2024: £1,441). 

At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors. 

## 18. **Movement in Funds** 

|**Unrestricted funds**<br>General:<br>General unrestricted fund<br>**Restricted funds**<br>Bursary Fund<br>Tesco Stronger Starts<br>Jack Petchey Foundation<br>Scholarship Fund<br>**Total restricted funds**<br>**Total funds**<br>**Unrestricted funds**<br>General:<br>General unrestricted fund|**As at 1**<br>**September**<br>**2024**<br>**£**<br>(83,430)<br>26,667<br>-<br>-<br>-|**Income**<br>**£**<br>521,777<br>28,023<br>1,490<br>2,750<br>17,826|**Expenditure**<br>**£**<br>(541,373)<br>(38,202)<br>(1,490)<br>(2,750)<br>(4,369)|**Transfers**<br>**£**<br>1,013<br>(1,013)<br>-<br>-<br>-|**As at 31**<br>**August 2025**<br>**£**<br>(102,013)<br>15,475<br>-<br>-<br>13,457|
|---|---|---|---|---|---|
||26,667|50,089|(46,811)|(1,013)|28,932|
|||||||
||(56,763)|571,866|(588,184)|-|(73,081)|
|||**As at 1**<br>**September**<br>**2023**<br>**£**<br>(77,538)|**Income**<br>**£**<br>513,870|**Expenditure**<br>**£**<br>(519,762)|**As at 31**<br>**August 2024**<br>**£**<br>(83,430)<br>...CONTINUED|



Page 13 



## **Greenwich Music School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** 

## **Restricted funds** 

|**Restricted funds**|||||
|---|---|---|---|---|
|Bursary Fund<br>**Total funds**|9,769|35,073|(18,175)|26,667|
||(67,769)|548,943|(537,937)|(56,763)|



## 19. **Transactions with Trustees** 

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. 

No trustee expenses have been incurred. 

## 20. **Related Party Disclosures** 

There have been no related party transactions in the reporting period that require disclosure. 

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## **Greenwich Music School Detailed Statement of Financial Activities For The Year Ended 31 August 2025** 

|**INCOME AND ENDOWMENTS FROM:**<br>**Donations and legacies**<br>Donations<br>Donation - Chapman Charitable Trust<br>**Charitable Activities:**<br>**Service Delivery**<br>Sales<br>Tuition Fees<br>Grants<br>Government Grants<br>Grant - Orinoco Foundation<br>Scholarship Income<br>Jack Petchey Foundation Income<br>Tesco Stronger Starts<br>**Investments**<br>Bank interest receivable<br>**Other**<br>Other Income<br>**EXPENDITURE ON:**<br>**Charitable Activities:**<br>**Service Delivery**<br>Purchases<br>Subcontractor costs<br>Travel and subsistence expenses<br>Room Hire<br>Tools and equipment<br>Wages and salaries<br>Employers NI<br>Employers pensions<br>Staff training<br>Travel and subsistence expenses<br>Light and heat<br>Cleaning<br>Hire and leasing of motor vehicles<br>Vehicle running costs<br>Computer software, consumables and maintenance|**2025**<br>**Total**<br>**funds**<br>**£**<br>2,193<br>1,000|**2024**<br>**Total**<br>**funds**<br>**£**<br>4,718<br>-<br>4,718<br>-<br>508,037<br>-<br>35,073<br>-<br>-<br>-<br>-<br>543,110<br>886<br>886<br>229<br>229<br>548,943<br>(1,047)<br>(343,612)<br>-<br>(59,078)<br>-<br>(57,884)<br>(2,830)<br>(1,441)<br>(97)<br>(343)<br>(4,680)<br>(3,333)<br>-<br>(44)<br>(5,289)<br>...CONTINUED|
|---|---|---|
||3,193<br>42,855<br>468,835<br>8,741<br>-<br>18,282<br>17,826<br>2,750<br>1,490||
||560,779<br>888||
||888<br>7,006||
||7,006||
||571,866<br>(2,853)<br>(322,581)<br>(86)<br>(70,036)<br>(4,347)<br>(96,832)<br>(4,861)<br>(3,145)<br>(365)<br>(1,220)<br>(6,155)<br>(3,389)<br>(95)<br>-<br>(10,738)||



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## **Greenwich Music School Detailed Statement of Financial Activities (continued) For The Year Ended 31 August 2025** 

|Repairs, renewals and maintenance<br>Subscriptions<br>Charitable donations<br>Bad debts written off<br>Sundry expenses<br>Bursary Fund spending<br>Jack Petchey Foundation Expenditure<br>Scholarships Expenditure<br>Restricted Funds Expenditure<br>**Support Costs**<br>Insurance<br>Printing, postage and stationery<br>Advertising and marketing costs<br>Telecommunications and data costs<br>Accountancy fees<br>**Governance Costs**<br>Independent examiner's fees<br>Professional fees<br>Bank charges<br>Depreciation of plant and machinery<br>Depreciation of fixtures and fittings<br>Depreciation of computer equipment<br>Bank loan interest<br>**NET (EXPENDITURE)/INCOME**|(11,097)<br>(870)<br>(59)<br>-<br>(7,151)<br>(6,305)<br>(2,750)<br>(4,370)<br>(65)|(4,339)<br>(123)<br>-<br>(1,982)<br>(6,247)<br>(16,675)<br>-<br>-<br>-|
|---|---|---|
||(559,370)<br>(1,563)<br>(726)<br>(4,773)<br>(1,380)<br>(3,253)|(509,044)<br>(1,405)<br>(792)<br>(3,643)<br>(1,266)<br>-|
||(11,695)<br>(2,200)<br>(1,702)<br>(1,994)<br>(610)<br>(6,484)<br>(2,326)<br>(1,803)|(7,106)<br>(2,100)<br>(4,814)<br>(67)<br>(540)<br>(3,871)<br>(7,590)<br>(2,805)|
||(17,119)|(21,787)|
||(588,184)|(537,937)|
||(16,318)|11,006|



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