## **Trustees’ Annual Report for the period** **From 1 August 2023 To 31 July 2024** **Charity name: HENLEY MUSIC SCHOOL** **Charity registration number:** **1178102** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the
purposes of the charity
as set out in its
governing document|Para 1.17|To advance the education of the public in the
subject of music.| |Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.|Para 1.17 and
1.19|For the public benefit to promote the musical
education of children, young people and by
extension adults regardless of ability, background
or means in such ways as the charity trustees
think fit, including by:
1. providing bursaries to those who are
otherwise unable to avail themselves of the
musical opportunities that are available;
2. giving individual music lessons in any
instrument;
3. running Music School Sunday workshops;
4. offering free music clubs to state schools;
5. designing and running music introduction
sessions and fun days within the schools;
6. providing curriculum support for local state
schools;
7. organising and running the Henley Young
Musician Competition;
8. putting on concerts and performances
throughout the year; and
9. running the Henley Youthful Orchestra for
adult music students who are interested in
performing.| |Statement confirming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit|Para 1.18|
Henley Music School meets the definition of a
public benefit entity under FRS102. The accounts
and the trustees report have both been prepared in
accordance guidance issued by the Charity
Commission| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Henley Music School Individual Bursary Policy
In accordance with the vision and aims of the
charity to provide up to 100% bursaries on fees for
every activity it offers. HMS offers subsidiaries and
or bursaries to identified children.
Henley Music School (HMS) pledges to provide up
to 100% bursaries on fees for every activity it
offers providing certain criteria are met; below is
the HMS policy on awarding a bursary to an
individual.
Director of HMS to have a discussion with head
teacher at the school attended by the child
regarding funding. This discussion would include
seeking clarification on the following types of
criteria:
Child on Pupil Premium
Conversation with parent
Conversation with school
Agreement that bursary is reviewed annually
School aged child
Initial conversation with parent/carer on amount
required
Form to fill in
Proof of address
Copy of Benefit letter or pay slip
Photo ID
Further conversation with head teacher
Agreement that the bursary is reviewed annually
Confirmation of invoice values for Tutor and HMS
Adult learner
Initial conversation with individual on amount
required.
Form to fill in
Proof of address
Copy of Benefit letter or pay slip
Photo ID
Agreement that the bursary is reviewed annually
Confirmation of invoice values for Tutor &
HMS
Autistic learner
Same policy as school aged child.
TERMS OF SUBSIDY/BURSARY
Instruments are kept in good condition
Child has a minimum of 75% attendance rate to
supported activity
Bursary/subsidy will be initially awarded for one full
school year to be reviewed annually.
HMS reserves the right to alter or remove
subsidiary/bursaries having provided 4
weeks’notice| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.|Para 1.20|1. Provision of bursaries to those who are
otherwise unable to avail themselves of the
musical opportunities that are available: 25
bursaries awarded ranging between 10% –
100%
2. Individual music lessons given in any
instrument: 45 pupils received lessons in 8
different instruments.
3. Free music clubs offered to state schools
4. Designing and running music introduction
sessions and fun days within the schools: Most
instruments represented across all schools.
5. Provision of curriculum support for local state
schools: 3 schools 100% bursary.
6. Concerts and performances throughout the
year:
Living Advent performances by all Henley
Music School groups open to the public, free of
charge| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the
end of the period|Para 1.21|In this year the charity received funding and
income from charitable activities totalling £41,825
and after costs of providing tuition this resulted in a
surplus of £22,275| |Statement explaining
the policy for holding
reserves stating why
they are held|Para 1.22|The income and property of the CIO must be
applied solely towards the promotion of the
objects.
The Trustees have taken steps to reduce
outgoings and build up reserves in order to secure
the long-term viability of the charity, resulting in a
healthy surplus at year end which was immediately
channelled into curriculum teaching in schools at
the start of the academic year / the charity’s
financial year.| |Amount of reserves held|Para 1.22|
Reserves are held at year end totalling £25,537| |Reasons for holding
zero reserves|Para 1.22|| |Details of fund materially
in deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a
going concern|Para 1.23|| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document|Para 1.25|CIO – FOUNDATION| |How is the charity
constituted?|Para 1.25|CHARITABLE INCORPORATED ORGANISATION
(CIO)| |Trustee selection
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees|Para 1.25|Appointed for a term of three years by a resolution
passed at a properly convened meeting of the
charity trustees.| ## **Reference and Administrative details** |Charity name|HENLEY MUSIC SCHOOL| |---|---| |Other name the charity uses|| |
Registered charity number|1178102| |Charity’s principal address|Blooms Cottage, Binfield Heath, Oxfordshire RG9 4ED| ## **Names of the charity trustees who manage the charity** |1
2
3
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|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**
**Nam**
**e of**
**pers**
**on**
**(or**
**bod**
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**entit**
**led**
**to**
**app**
**oint**
**trust**
**ee**
**(if**
**any)**| |---|---|---|---| ||GLEN LAMBERT|Chair|| ||ISOBEL HARRIS|Treasurer|| ||IAN HOLLIDAY||| ||WILL HART||| ||||| ||||| ||||| ||||| ||||| ||||| **Name of chief executive or names of senior staff members (Optional information)** Laura Nicola Reineke - CEO ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** **Signature(s)** Isobel Harris **Full name(s)** Isobel Haris **Position (eg Secretary,** Treasurer **Chair, etc) Date** 31/05/2025 trioz Ainr i£ papua JeaA aui Jo 01? iooujs )!snkN AaiuaH OL8£ L L :Jaqwnu Aue4 Henley Music School CIO Contents Page For the year ended 31 July 2024 Independent Examinerfs Report to the Trustees Statement of Financial Activrtles Statement of Financial Position Notss to the Financial Stslements 4t06 Detailed Statement of Financial Activities Henley Music School CIO Report of the Trustees For the year ended 31 July 2024 I report to the trustees on my examin8tlon of the accounts of the charlty for the year ended 31 July 2024. Respon8lbllltl•s and ba818 of rnport As the charity trustees, you are responsible for the preparation of the accounts in a￿rdance with the requirements of the Charilies Act 2011 ('the 2011 Act,). I report in respect of my examination of the charitys accounts carried out under section 145 of the 2011 Act and in canylng out my examination I have followed all the applicable Directions given by the Charlty Commission under sectlon 145(5)(b) of the Act. Independent examlners ststemont I have completed my examination. I confirm that no matters have come to my attentlon in connection with the examinalion giving me cause to believe that in any material respect.. 1. accounting records were not kept In respect of the Charfty as required by sectlon 130 of th8 2011 Act: or 2. the accounls do not accord with those records,. or 3. the accounts do not comply V￿th Ihe applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair vievl ich is not a matter considered as part of an independent examination. I have no concems 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 8 proper understandlng of the accounts to be reached, ACS Accounting (Berkshlre) Ltd Chartered Management Accountants Suite 3 Market House 19-21 Market Place Wokingham RG40 1AP 19 November 2024 1 of7 Henley Music School CIO statement of Financial Activities For the year ended 31 July 2024 2023 Not•• Unr08trlcled fundi Incom• and •ndowm•nt• from: Donations and ￿98cleS Investments Bank interest receivable Tol•l 41,765 49,315 60 41.825 49,315 Exyndltur• on: Charilable aclivities Music Educalion Totsl (19,550) (19,550) {57,339) (57,339) 18,024) N•t InC¢>m￿oxPQndItur• Reconclll•tlon of funds Total funds broughl fopNard Total funds carrf•d forward 22.275 11,286 3,262 25,537 2of7 Henley Music School CIO Statement of Financial Position As at 31 July 2024 Not•• 2024 2023 Curr•nl ••••ts Cash 8t bank and in hand 27,146 27,146 (1,609) 2S,537 25,537 25,537 5,741 Credltors.. amounts falllng du• wlthln one y•ar (2.479) Net current ass•ts Total a8￿tsI•s# curr•nt liabllltl•s 3,262 3,262 Net ass•ts The funds of the charlty Unrestricted income funds Total funds 25.537 25,537 3,262 3,262 The fin8nclal statements were approved and authorised for issue by the Board and signed on rts behalf by: Isobel Harris Trustee 20 November 2024 3of7 Henley Music School CIO Notes to the Financial Statements For the year ended 31 July 2024 1. A¢countln9 Pollclos Ba$ls of accountlng The financial statements have been prepared under the hlstorical cost conventlon, except for Investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounls in accordance with Ihe 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 (FRS 102), and the Charities Act 2011. Henley Music School CIO meets the definition of a public benefit entity under FRS 102. Assets and Ilabilities are initially recognised at historical cost or transaction value unless othemise slated in the relevant accounting policy note(s). Golng con¢orn Statement of cash flows The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial ststements on the grounds that Ihe charity is small. Incomlng rasources All incoming resources are Included In the ststement of financlal actlvilies vthen the Charfty is entitled to the income and the amount can be quantified with reasonable accuracy. The foll0v￿ng specific policies are applied to particular categories of income.. Resources expended Liabilities are recognised as resources expended ￿en there is a legal or constructlve obligation committing the Charity to the expenditure.. 2. Income from donatlons and legaclas 2024 2023 Unrestrlctèd fund• Donations received 41,765 49,315 49,315 3. Nol Incomel{8xpendlturn) for the year This is stated after chargingl(crediting): 2024 2023 Accountancy fees Staff pension contributions 734 156 450 825 4of7 Henley Music School CIO Notes to the Financial Statements Continued For the year ended 31 July 2024 4. Staff cmts and emoluments Total staff costs for the year ended 31 July 2024 were: 2024 2023 7.003 156 41,894 825 Salaries and wages Pension Costs 7,159 42,720 2024 2023 Operations 5. Comparatlve for the Stat•m•nt of Flnancl•l Actlvltl•s The comparative year values on the Statement of Financial Activites are for unrestricted funds. The depreriation charge lor lh8 year is £(41) In respect of assets leased und8r finance leases or hire purchase contracts. 7. Cr•dltors." amount8 falllng du• wlthln one ￿ar 2024 2023 Trade credltors Other creditors Accruals and deferred income 215 692 702 1,006 1.023 450 1,609 2,479 8. Movement In fund• Unr••trlcted Fund• Balance al 0110812023 Incomlng ro$ources Outgolng rosourcos Balanco at 3110712024 General General 3,262 41,825 (19.550) 25.537 3,262 41,825 (19,550) 25,537 5of7 Henley Music School CIO Notes to the Financial Statements Contlnued For the year ended 31 July 2024 Unregtrlcl•d Fund• - Pr•vlou• ￿ar Balanc• at 0110812022 Incomlng r•Aourc•• Ouigolng r•Jourc•• 8414nc• at 3110712023 General Gener81 11,286 49,315 157.339) 3,262 11,286 49,315 (57,339) 3,262 The Income and propety of the CIO must b8 appli8d solely Iow8rds the promollon of the obl8Cts belng In short the promotion of musical education for childred young people and by extenslon adulls regardless of abillly, Purposo of unr••trl¢t•d Fundi Merniaid The Income and propety of the CIO musl be applied solely towards th8 promotlon ol the objects b8lng in Short the promotion of musical education for children, young people and by extension adulls regardless of ability, These funds V￿re ralsed as 8 result of a one off fund rlslng actlvlty ol 8 cross channel s￿rn. General The income and property of the CIO must be applled solely Iowards the promotlon of the oblects belng In short the promotion of musical education for chlldren, young people and by exlenslon adults regardless of ablllty 9. Analy81s of net assets botwe•n fundg N•t curr•nl N•t A•••t• a•••t• I Unr•strlet•d lund• G8ner81 General 25,537 25,537 25,537 Prevlous year N•t curr•nt N•1 A•••t• ass•ts I Unr•strlct•d funds G8neral General 3,262 3,262 3,262 3.262 6of7 Henley Music School CIO Notes to the Financial Statements For the year ended 31 July 2024 2024 2023 INCOME AND ENDOWMENT Donatlons and l•gaclo• Donations & granls 41,765 49,315 41,765 49.315 Invostmenl• Bank Interest recelvable 60 49,315 Total In¢omlng r•sourc•• EXPENDITURE Charltable acti￿tIeS Dlrect costs Tutor costs 41,825 (435) (8,144> (2,403) (8,579) SUPPORT COSTS ManJg•m•nt Staff costs - wages & salarles Staff costs - pension contributions {7,003) (156) (33,750) (825) (7,159) (34,575) Gov•rnanc• co•t• Accountancy fees Legal and professlonal fees Premises costs Motor and trav81 expenses Other office costs Interest payable Other finance costs Insurance Bursary costs Sundry markeling Bookkeeping costs Telephone & Inlemet (734) (5,438) (169) 118) (83) (41) (4501 (3.695) <949) (228) (75) (33> (821) (6.709) (247) (378) (600) (14,185) (57,339) (805) (1.493) (410) (797) 19,988) Total r•Sour￿• expand•d {19,550) N•t Incom• (8,024 7of7 This page does not forrn part of the statutory financial statements