2025-08-31-accounts

REGISTERED COMPANY NUMBER.. 11033978 IEnOand •nd W*les) REGISTEREO CHARrrY NUMBER: 1180335 R•port ofth• Truth• and Audil•d Flnandal Statem¢nts tor th• Y•ar End•d 31Bt Augu•t 2025 sevem Art• {A Company Llmlted by Guarnbkn•l RKhartls Sandy Audit S¢MW Urnitsd (Statutory Auditorl ThMig1o• House 25 Barts)urne Ro&g Worcester WR1 1RU

s9￿M Arts Cant•b)ts of th• Finnd•l Sl•m•nts for th• Y•v End•d 31otAuqu8t 2025 Pag• R¢f•r•n￿ and knlnlJtratlvo D•tall• Rgport ot th• Tn￿140% 2 to 8 R•port of th• Indèpènd•nt Audltors 9 to 11 st•tsrn•nt of FIMnd•l Adl¥lti 12 Balan￿ Sh••t 13 Co•h Fltyw Statsm•nt 14 Not•• to th• Cash Fltyw Statement 15 NotA• to th• Fimnelal Stst•m•nts 16 10 31 Dotslled 8t•t•m•rt of FI￿￿¢111 A¢li￿tI•* 32 to 33

Ref•ren¢e and Admlnl8tratfvè D•t•ll torthè Y￿r Endod 318t Auguit 2025 TRU3TEES J BerTaW IrBSign8d 10.3251 E S Dav1051￿￿1gn0d 26.11.25) J é8 la Ccwr Ireslgned 26.1125) D Herbèrt H Perrott N Philllps CMShl& GRWo1 V J Yate8 S L HUttl￿ lapOnted 261251 A C Chandra-Palsby (appoint￿ 26.2.25) R C Tu¢knr (appointed 26.2.251 R J F Ma¢plrgon18ppc4nted 28.2.251 REGISTERED OFFICE Svltè 11 Mafvem Gale BrOmv￿th Road Worcestsr Worce5tershlr• WR24BN REGISTERED COMPANY NUMBER 11033978 (England and Wo19$1 REGISTERED CTrL4RtrY NUkER 1180335 AUIMTORS F￿chardS Sandy Audh S8rvico$ Limit•d ststutory Audltorl ThOme1c￿ Housè 25 Ba￿0￿m9 Road Worcester I￿R1 1RU SENIOR MANAGEMENT TEAM Laura WorBfdd ICNef Exeujtlvg Debra Fa*utt IDir•ett<of Muslc Edvcatlonl El8lM Knight (Arts Director) gx Green (Director of Resource$ & Operations) 80LICITOR3 Anth(￿Y CdSns So¥dtors 134 Edmvnd 8￿t Blymingham B3 2ES BANKER Uoyds pk 25 Gre6h8m Strèèt London EC2V 7HN Pago 1

S•v•rn Art Rèport of th• Tru8t••8 forth• Ygar Ended 31st August 2025 The tnJ$tse$ who are a150 dyedors of the charfty for the purposes of the Companies Act 20Cfj. w98enl thelr rèpjrt vAth the finandal statements of the ¢haTity for the ygar ended 31st August 2025. The trustees have adopted the w0vi8￿$ 41 Ac¢ounthYJ Reporung ty Char6tles.' Slatement of Rocomrn?ndgd Practice ap￿IC¥bItt tts tharftla$ preparlng thdr a¢counts in acLyJrdanc8 Wth th8 Finanoal R¥wrting Standard applirabk in the UK and Rèwblie of Irèland IFRS 1021 leff¢Llivo 1 J￿Uary 20191 INTRODUCTION Sèvèm Arts is thè lèad organlgalon for tho d•Rvery and operation rf M￿[C •dUcAtI￿ in Hèr•fordshlre and Worcester8hlre. 11 1$ ¢ontr¥clgd to the Q)unty Arts s8Mce5, hD5ts thtr Mafvem HI￿$ Dlstrkt Coundl Arts Coordinator and delNer8. faThlitat88 or is a pather in a nvmbgr of artS-reLqted projects aeross Woreestershlre. Sovem Arts contrnuos to project manage the Ard)es Wor¢ester eapllal seherne that is lundgd by DCMSIArts Ctyjncil England through the CuKur51 Development Fund, wlth ¢omtyetlon eX￿ted by Decerter 2025. Sevom Arl¥ ts aL80 M￿ag1Thg tha Local Voices. Crgativg Choices progrdmrne in Worcester Lity on behalf of a o)nswUum ol eight rArlners. Th• Company Is a reglstered thorlty wilh the Ch8rfty cornm￿10￿ lthartty Nmbor 11803351. OWECTIVES AND ACTIV￿E$ Oblg¢ts Adlvlti The c￿MpanY has widety tharilatle Objects wh1( fotua th Èduealon. muslc aTh1 tha arts And the prcthotion of SOL781 indusion. Thg C¢vnp0n￿l obj8Lts are.. The advanrment of ethrAtion. particu18rfy through thè promotknn of high-quallty t￿hIng and18anwng. Induding (but nol ￿mrted tol the subjects of muslc and thg arts. The a(Jvancement of the arts and cullur8. particul8ty (but not lIm￿ted tr)) through the promo11c￿ an(J te8chlng of Mus￿ and the arts. promolion of acca55ibrfity to, and Sn partjdpation In. the arts. prow$vJn of trgining. suppori and r￿tr¥Orknng opportunlties for 85plrfng arlst5. pmvkslon of ￿mMIsSIc￿6. To assist in thg tr8atm8nt and care ol per50n5 5uff8ring from mental or physlrl lfvss of Sny dèacription ￿ In need of rthabilftation as a r¢suf¢ of Iln85s. by thè provl&on of Se￿ not Th)nnalty providgd by tho statutory aLthorfties. Sncludlno (but not Ilmlted lol art8 acbvits￿. •nd ¢trama programm•s fc pecfjle with lèarrlng dlsabllities and lortèftrlnal Illnesses. To promots inclusSon by pravontlng p8opl8 fmrn b8comiry sockglly excluded. r•ll•￿Tra thè neds of Ih08e who arg ¥owlly exdudgd and assksbng them to integrale Into sodety. Th• CcfflpaWs current oblecthves are.. To deliver, In conluncllon wlth key pathers. the work of thè HèrthrdshJr• & WtY¢estÈrshlrn Music Educatlon Hub aghlnst Ihe requlrèments oudlnod In the Natlonal Plan for Music Edu￿tIon. To ithrèdly pro￿￿8 and crèats opptrtunfties lor music lust¢on and instrumènt repalr and loan. and as¥ocr4t8d activiti95 for thildr8n and young peopl8 in Wor￿tershI￿. To dfAiveT art8 activ￿8$ 8$ ouuined in an kn Plan eurrenuy sUpp￿ed by Worcestershire County Coul￿￿1. To project manage The Ar(es Worcester CulbJral Dev81opThnt F￿d {CDFI proje¢l1¢8plt81 prOgr￿me) To manage a cajmmunty orts coordlnator and prograrnme on behawof Kqalv8m Hllls Distrlct Clmmdl. To Mana￿ th• Local Volc•s Cr8atfve Cholces programme in Worcèstèr City12025-271 To r•Frfes•nt the creative sector as a partner Sn the Ciealve People and PTLhJramff￿ in knjdiich. To deliver prolects algn our oblects as and when we 8re comfflis3i￿ed to do so The wncipal 8ir8ts9ies empw b #chi￿t these wms Arn.. To present subsidis•J. affordable whde-das¥. small gmup and 1-2-1 mu61c In and out of s¢hc4)l. dg1ivgT& ty experi$ncd. hSgWuallty mu$l¢ te8¢hers. To provlde an extenslve orettestra and ensemb￿ offor and porforman(8 oppcwiunili89. To provléè an aeeas6itAe In6tsument loan swwce. To SUPPLYt and implemgnt art5 pwDjeLts that •ngage chlhdren and young and cornrnunibos wth cmati 8¢tivty end enrA)urage proJres51on and gn)%yth. To develop and nuthrg gXCglbnc8 in music teaching p￿tiCe and Invest In ¢onlnuous prof88sitsnal dèvaloptrnnl ICPDI and I￿O¥T￿ th yport musi¢ teathers lo Im￿ment an onrkhed and Insplrfng currfculum. To provkle Inspirfng prc*Jr8mmes and opportunitits that rafi8ct ￿￿Oi(0ft. Invo￿8. and enoag8 young pgopJ8 and the wlder eornmunlty In thg LY8alve arts Sector and prwde plattorrns fL¥ artistie talent to grifyy and prosper. To provSd8 6UPPOrt, training. and development opportunities for creative professlonoL8. To amploy and devdop a ded￿ated and skSled diver89 workfor¢g. P•gB 2

R•port of the Trust•g8 forthg Year End•d 31$tAugust 2025 ACHIEVEMENTS AND PERFORMANCE Overvlew The fo(yJ$ for th8 past y•ar has been on sust8ining t4Jr eore music ethixtion rdÈ and ￿￿EdIng partnerships a¥ part ol wr rola as the Hub L¢ad Organ5sation for HereloTd5hlre and wor￿terShiTe, on bringSng in lOnggr-t8￿ll lunding thal supwYL8 our pursy)$e and alkmvs wnfjnuation and develrrjment of our arts prdects and activ￿&$. We have supported two more young graduates ID paid intemships and provided vniv8rsity placement opportunitses for other emeroing tslent. W¢ wèrè In8tJum8ntal in securing Plats Partnershlp Funding from Art5 C￿ntil on behaw ol WoTcestsr cty Coundl and Its pathers. We havg bean present as a committgd arts partn8r across thts county ané tha W68t Midland$, TpMsontkng our 8ector on se¥er81 Boards and kn Council 9roup$. W• t￿tInue¢j to supplernent our core Income through acc955ing awdrds, grants andlor cornmi$8ions from Paul Ham1￿ Ftyjndatlon. 18gacy funds, the Elmley Foundauon, Hewt of England Indugw Communibos Fund. Yt)ung Sounds Ifomierty known as Awards lor Young Musicransl. Ajts C￿nd1 England. Heart of England Communty Foundaoon, Unlwrsity of Wor¢est8r. Woreast&YshlY9 Cwnty Councll. Worcostgr City Coundl. Malvern H1115 DithGI Cwncll and a numbBr ol ind￿d￿&1$ donaling dire&ty. ¢)Jr total income raised from gr8nts and donations in thg year wa5 £1.7m 160% of all Ineoma &)mparetJ to 57% in Ihe pr8¥#)us perirxll. W8 0 support8d othw cultural ovJ8nisation$ through mentoring and 8UPPOrt. helping them to knr additiond funds. Our legacy don8llon In memory of 8 youw musl¢l8n. IJY Irthn ¢))rnprfslng a bur88ry to support ywng tsknl. was supported by Gloucester Muslc Works In 2025. Another 18gaey In memory of Stuart SIIcoL has enabled more dl$advantagod studgnts to access our Conno¢t music tutb.on and developm8nt wogrnme In 2024r25 ¥nd wll eontinue to do so in the comlng year8. The Connect progrnmme If0M￿rtY knovm a8 Furth8ring T81gntl 18 61s0 partly fund¢d by Young Scund$ UK. Th8 currpnt mbve $e¢tor funding dimatè (>)nOnues to be extrem8ty challenglng. However. wg ￿ntInuE to be pro8ctive, id8ntlfylng Cwortuntty when tt arSs8¥ and keeping on trend the nalion41 and rogional polhJ¢al landscape6. Sèv•m Arts remains a wlSant, organisation wth ei>mmitted staff and Truste￿ worklny to our end goal to Improvo th lI￿S of thg pgoplg of WorcestersNre throu9h (¥e8ti¥9 8ndeavour and experf8nces. wth a partIc￿ar fow8 on thildrÉn And young peopl8. H•rth>rd$hlr• &Wor¢•slwJhlre Mu81c Hub IHWMHI Sevem Arts is th8 Hub Load Oiganisatron for thè Her•foTdshif• and WorcestsTshliè Musfjc Hub Enc￿ Enwd88$ as thg commi8sicfied parther delivertng In Her8ford¥hir8. Th8 HWMH has a I￿nI Ovgrsight Pan81 vA)Ich 1$ Chalred indep￿denty by a m&M￿r of$laff fftyn the UnNer8ty ofwrycestsr. In 21rd4-25, the hub overal: h£tivety eThJaged ¥￿th 318 loutof 3471 $choc45 Taught Weekly who18 dass Inslnm•ntal1osson¥ In 136 stl¥)ols, roachlng 9,150 PUFI Taught weekly individu81 or sm811 gr(w Inslrument l&s$on$ to 3.906 pupils Off8rgd 38 0￿h￿stra$, bandg and choirs for young pg0 Pmthded CPD ses8ion8 attgnded by 119 schools SQ￿M Arts léd Mu•lc ktlvlty CJring 2024-25 Sevem Arts dèlivered a full concert prograrnmè invomnp ell the orchestras and bands which reheaFB8 across the ojunty. C￿)cart$ knok place in Worcester, Malvom, Evo$ham, lQdderninstsr, Or0￿Ch, Upton-on-sevem Bromsgrove. culminating in a shcwcase Surnmer Fg¥tival ￿ July whlch took rAace In a varfaty of v¢nu$ 8nd 6pac•s in Worwler Cjty cen￿. Thè Summer Fostival hosted pèrfom)an￿s and WOTkshop$ for dl thè Sevem Arts bands. orehestras and dKJif8 and f￿bJTSd a spai8 (#Jrated by a grtyjp of young Producers whlth Snclud8d art ￿￿VItIeS for f*nili•s. an art exhibityon and band perfom)8n¢es. In Juty 2025 musiaans frorn Worc8ster31Nre arvj Herefordshlre went on tour to Spaln and performed thre¢ ￿nCert$ in specla¢ularvenues. in 8nd over ttwo day$. lh8 Big Siro tod( F4acg at Malvem Thèatrns V41th 2.300 pupils from schools acr058 H•rèfortshire and Worcestershire tskjng port. For the first Ilme the Big Sing w88 opèn to students frcffl Kay sta￿ 3 and 4 to Icln Ihu5e frum Key SI￿ 2. Our Earfy Years F&stlvals took place in Thne venues across Worc&stershire W￿1h o 1,2Crf) rwtion puplls p8thlpalSng. We ￿nInUed to ￿rk In partnorshlp wlth M￿yem Cube to dgjivgr their band developmenl and bJMtat4I￿ p￿eCts. The Worcèst•rshlr& IrKIusiv8 Choir. mn in partnershlp wlth Swndabout. met monthly and perfomed al thè Sav&m Arts Summ8r FestiV81, the Worcg$1gr COm￿ti￿ve Arts Fesfval. and In joint èvènts 8nd vk1eos th th8 soundabout thc4r farnily. ¢)ther wothshops were dglivgfgd by orc￿5￿ Pro Anlma, TO￿n8 Str¥￿5 lffijr￿8d by Malvem cOn￿rt Club). Carduw lJartet and Sevem Arts t&8chers, impacting on over 1.OLK> young [￿pIt. Pago 3

S•v•rn Abts Report of the Truot• forth• Y•ar End•d 31st Au9il$t 2025 S8vom Arts wothed in partnorship Mlh YouThJ SryJnd$ UK to dellver the Conn8Ct pregrammè Is on8 of 10 4rnb8s5ador muslc hubs across the cy)unty. The current prograrnme has been exlendgd an¢J until Ma￿h 2028. rnèd xt the48 èxhibthrrfJ aar￿ p)t•nl￿ but for whom flnandal baniern mean that th8y would nol ordinarity bÈ 8ble to conunue thelr rnuslcal loumgy, parldpants benefft from an enhanwl rjffer du$ to Young Styjnds UK managing the Muslc Prc4Jression Fund. supporte¢J ty the DE. In January 2021, 30 young peopb Started Iheir musl¢al loumey thrc4Jgh this wogramrne. H8ving grown, th& progr8mm6 nryw supports 45 young people annualty. providing frge 8¢c8SS to tuilion. instnjrnenls and grcup oppor(unitie5. Durfng 2024-25, pArldpants took part In a Yarfety of Get Togother wgnts induding a tdp to see Sleeplng Beauty, a vlsit io a rec￿rdIng slud￿), and a ses5iun to pro{lu￿ a soundscapa for a short fllm. Sevem also supports young people fadng fin&)dal barrfors through the Music Awards 8th8rn0. thanks lo gènwous donations frorn the Stuart SikoL ￿aGY and oth8￿. Tha sècond year of the Olty I￿n Aw￿d suppcrted onè young person to recgivg thg Wportunlty to r•Gwd thgir work In a prtsf•ssK)nal sludlo. Sèvem Arls was successful in a bld to Paul Hamtyn Ftjundallon Teather Do￿10pment Fund and ha¥ b88n •wa￿ed £165k for a trwaar prolect starung Sn septernL￿r 2024. Song, Speak and Shlne Is brinoing rnustc and p8rfom)anca to eight xhcp)J¥ in higher n88d areas ￿ the RN8rs C of E Aeademy Tn￿t, $￿Illnu teacher6 to impTOV? pupil oracy wth non-tradlttonal t￿1$. Sgvfyrn Ms ¢onUnuo(J to pnNklg fr80 access to Charanga.. an onling rnuslc 1gathlrvJ rgswr¢• for Flrst, Prfm8ry. Mlddt• and Spgci81 schools in Worcestershlr8. In 8ddilJon. we offwed free access to Music Firsl for Secondary 8thod¥ gnd a subsidlsod Spartyard 8ub8cripb.on for all 8¢hoob. Sevem Arts ha5 slgnlficanl relationships vitlh the Natlonal Youth Orthestra's Insp1￿ progrnmme, Unlversty of Worcester, Malvem C￿cert c￿b. Orthgstra Pm Anim8 and Wor¢ester SyTnphony OrGhèstra, whlch r•Su￿0￿ Sn school ￿n￿rtS and worksho￿. The Musi¢ Box Ibus) has b88n oui on the road delivering musie technology w0￿$hOpS at schooLs and events 8cros8 the county end {￿l￿ver9d 50 workshops and Srnpactsd on 81198$1400 untquè In¢Jivldual young p8oplo (Juring Ihe 202425 academlo year. Many of the 88s8ions funderj through the Wom¥ter¥hir¢ County Q>und Soc481 Vdue programm8. Sevem Arts h85 b88n invc4ved in several careers fairs and opèn ovenSngs In SLoc48 acrcw Ihe CW and has thered SIX woth expedgnce pla¢em8nts to puplls frorn Worcest8r8hir& high schools in the 2024-25 academlc ye8r. S¢hoofs supportod to d•lNer Ihe Natiwl Curriculum for ￿sIC through B yèar.bng Contlnuous Professi￿81 Devekjpment ICPD gramme. Bespoke supw1 vlshs were offered to schools by the Sevem Arts Musk L8gder¥ and DirBCtor of Music ¢duGt￿ wrth 44 thklrrfJ pkqce durlng Ihe academlc year. The HWMH apwnted Lead scthcrt)l¥ lor the Iwo rounues wh rn￿1 4nd are 41$0 abb to offer individual supwrt and CPD. The CPD pn)gr8mm8 for all staff 8nd schrxJ15 deliverèd StsSK)ns <)n Al. Mental Health. Insirt Safeguardin9, Music Technology, SIng￿n9, Composing and Charanga. Netsvorklng m991ing$ for Primary Schtsjl Muslc Lèads ha￿ contlnuod and maèongs for S8ccffldary Muslc Leads have been introdsjced 8nd well rec8ived. ArtJ D•v•lown•nt The arls wogramrne dglNered on behalf of Wor¢85t8rshire County CDuncil k8 overseen by Pubk He4th and alvjns wlth thoir Hgalth and Wdl Being Strategy. Th• progrwnme deuvered a range of projects for young peq)le and ts widgr ¢orDmunity to tak• part in durfrnJ tha year, 88 wall as wothng In ￿8S of n88d as 1dgnt1fl￿ ty Publlc Heafth. We appolntèd a n&wy￿n0 Poet LAurèÈtè who tcth up th• rolo In Aprfl 2025 and ￿11 bg In Fdace unll Marth 2026. W8 Continued to bg ¢0rrfflis￿on¢d by SuttGm Croft ia P￿￿0 arffists 88 part of the HoNdAy, AclJvty and Fcod IHAFI Pmgramme In the County, dellverfng schwl hollday woththops to n•arly 2.500 ¢hildr8n ond youNJ pwple In the 202425 academic year. Our onnual Young Vorce5 Now exhibition al Worcester Cathedral took place in the 8urrfflgr. attractin9 ovor &) p8rtldp8llw #choofs. We arg a partngr in Rg1ma￿n9 Reddllth. an Arts Coundl funded Initiati￿ to engago moro Reddltch peopl? in the arts who do not tr8dthon811y partcte in ￿j￿re. The Love Wcodrow Pro￿1 r￿l¢l￿d8￿. 8lmBd at crnating 8 sense of prlde in thè Comrnunlty, Increa61rrfJ welkSoing a￿j brfgmening up thg certh of Woodrow w7th a number of Put41c Art pleces. From Apwl 2026. Sovem Arts will to the108d orw)isallon for tNs proNr8mrne. lundlNJ havlng boon saujred for thr9• furth•r y•ars from Aprfl 2026. In partner¥hip with Mafvgm Hilb Di¥thd Counr41. we offèred th rnnge of tralnlng OPFKJrtunitie8 for Ihe local crealfvg 8¢Ctor. awarded grants to the ujrnmunlty and vc4untary sector and eontinuod to organlzo and delvier tine Up. a new f88tiv81 of experfrnent￿ muslc In Malvom. Wè worked wilh the Yc*Jlh Jusll(e Centrn to commLsskn an artlBt who vKxked PgoFl& t•kn> usa the centr• to design new mumls whl¢h ￿PreSent a bTrJre p0s￿ve futur& Page 4

S•v•rn Art• R•port of the Tru8t••s forth• Ymr End•d 31stAugu•t 2028 Th• A￿h¢S Worcester Fostl¥al•- Cultural O•velowngnt Fund prngrth)me Thls Is a Ime limitsd projgct lund8d by Ihè Dep8rtmeni trjr Culture Media and Sport IDCMSI and alministèrad by Ats Count41 England. of whlth ts revenue wr4e¢t finishèd Sn March 2023. Sevem Art¥ ¢C￿tinueS to prolect manage the programme until the ￿p[tal worf(s are complele, expectsd to b8 J￿Uary 2026. Wè ¢ontlnu8d to WC￿ Ccqnmunty F85b'va15. cTratry)g a bespoke progr•nmè almod at raising ambrtion, bmdenlng reath and cr&aOn9 a lon￿em7 tegacy. Worcesiw Mela and Worcester Camival WeTO both succossful in securtng bJndiTrJ en8t4ing new and dNersg progr8rnm8s ofw0￿. Worcestsr C8mivAI èxt•ndad its work on enviTonmgntalty frfendly antrfe6 to event and Worcestsr Mg18 c(Nnpl8tad An 18-month PToloct whlch explor8d Iha storfes ￿ mlgranl comnwnitie¥ and th8 inpact they had on w(￿ceS1e￿S indu51ri￿ hèritag8. Lo¢81 Vol¢eJ. Cre8tlve Chol¢•s- Pla￿ Partn•rshlp Project Sevem Arts was part of a (x)ns(Kbuffl that has been suc(tssfvl In securing Place Parthershlp fijndlng from ACE fc thls twfyyear project and has now gone on lo project mgnago It. This ambtious projéct started In 2025 and alm$ to produc8 4 thrf￿ng Thtive quarter around the Arches. Angel pla￿ and Scala. wesenl In$iMf8ticthl fèstlv819 wlth the inputfrom nwnunl'e$ a(xo88 Worcest8r. And u8ate a S￿118 and talgntdgvelopment prog1￿Me for dudents and 8rn•rging at1ists. FINANCIAL REVIEW Flnan¢lal re•ukn for th• >wr Our main source of esmad Inctn6 cornes frC￿ tulllon and thg stsady In tuldon Seen the COVID pandemlc tailed off suth that the year ¢ndod wlth a 3.5% redudon ye8r•on-ye8r. comparad to 6% griwth in 202344. How•vtr. the bulk of Ihis was focused on thg slart of the y￿r and by the summer twm. teachirty Was C4)mparable to Surnmer 2024. Desprt8 thè ovèrall 6￿ght redudon In hours dellv•rad. tu[￿0￿ 8nd music $dU￿tIOn wothshop incLxne Ir￿reaSed from £944k to £975k 13.3%). Thls was due to a combination of a 5% Increase in Tat95. th• shrf( away from School￿ThIght to parent blllad tuSOon Iwherg equivalgnt ¢horg8s are sligmty higher to wver card processing eostsl and a restructure of whol¢ class tuition charges. Tultion ordeTs for the coming ffinancial year show 8 return to Ètrongor damand, IFb)uO) t•mp•Ted by our abllity to deliver b8s•d on ¢•a¢hw ￿pa￿ty and th• of fiexikn'lity in schools nc8rning the timirvJ ol les6cffl8. The Company ¢ontJnu•$ to rec•lve substanltal Tegular grant In¢ome has Tomalngd broadly th¢ sama wr-OtFyear looked at on a net ba515. The Departrnent for Education It)El kn Councll England kYovide8 a corg gr¥nt for the oP9rauL￿ of tho Heroford$hlr8 & Woreèstèmhira Muslc Hub. The total value of this was £956k, Ihough £204k of thi$ was pa558d to Encor• for service delivery in H8r8fordsPN'r• (after £15k deduthon for rnanag8ment foes and need8 an8lysls costs). And comparos to £738,425 in 2023-24 for the forTnErWorcostershlre Mu¥1¢ Hub. DIE has Also provlded additsonal funding towards th$ costs of the Teathers PensK)n Sthgme ITPSI in recont yeers. S8V8m Arts wlthdraw from the TPS sehomo in N(Nernber 2024, $0 this fundlng dso ￿aSed with effect from this date. Worcestershire c￿nty Counthl also provided 8 0)re grant of £110k lunthang8d Irom 2023-241 to support a post and del￿ry ofthe broader art8 PTreramm•. othar Eigrifieant grant Sncome was r￿91¥$d from M8￿m Hlll$ Dislrf¢t Council, Bransford Trusl 8romsgrove & R8dditch Netyth (on bèhalf of Relmaglne Redditchl. Young Sound¥. Elmley Foundaucffi aTrJ Wcyc￿￿r Clty Counctl. A nwnber of sm811er9T•nts and I￿a￿onS were also recwvgd. Thè Lxjrlraci vAth MHDC to arts s•rVi￿S In the dk￿Ict has bggn 8xt•nded Agoln ￿tIl March 2028 th$ new unitary aLrth)rfty Is expected to tak? ov8r. NoUc8 has b8•n receNed frorn Wor¢o$t¢rshirg County Counc51 Ihat Ihe Arts Conlr8LI Ihat curr•nUy runs until September 2026 will not be renewed after thi8 and tlwl there ￿11 be no contract av￿18￿￿? forthe d811￿ry ofthls S￿¢@ after th1¥ date. Donat10￿ and grants over Ihè 124nonlh perv)d brrwghl In 81most £1.7m 1£2m In the prewou8 17rfnonth perfcdk Charltable actiwties lea￿￿d inrome) a￿trtbuted over £1.1m (almost£1.￿ in Iho waviws 17-month perbdl. For the full flnanraal y&ff112 months), thè Com￿￿￿$ ex¢8s6 Incorne over ￿9ndIt￿re on Unr•slTiCtod fvJTrds 8nd befor¥ movement batwsen funds was £38.662. 12023.24 117 months): £95.0641. R¢¥tii#¢d 8CtNitses show a surplus befo transfers b9tsn funds of£251k1202&25 {17 £237kl. Thè wmblned $urF4u$ for thè yèww8s £290k1202&24 <17 months).. £332k). N￿A$￿ets oflhe Cornpany stotsd at £1.$9m1202&24 £1.3ml. Pagg 5

R•port of th• Trufjl ft+r th• Y￿r Endod 31$tAugu$t 2025 FINANCIAL REvfEW Resgvv•$ poll¢y Th& current funds posluon of Ihe Charity 48 Sel c4Jt in note 20 to the5E accounts. On 31 Augusl 2025 Iho Charity had accurnulated balances of £1.$92.172. However not all IhesÈ bal8nc88 aré hdd in eash or eash squ￿￿OnI$. Al the yearnd, Unr¢stri¢tsd FunJs $totyJ •t£1.127.13612023-24'. £1,017.252). At th¢ yoor4nd. Free re&￿VaS (unrestrleled thjnds le88 fixed a&8e16) amourrted to £882.1001202&24: £810.388}. In ord?r lo en$ur¢ finan¢ial stabilty and that the Ccqnpany tan rthllnue to meet Its charitsble o¥ecti¥es. Ihe Tru¥tggs have agreed that Free reserve8 yJclude5 a 'de51gnated fund. of £380.OW and Yutur8 plans f￿￿, of £200.OCKJ, as detallor balow. This leaves a'general fvnd, 01£322,100. The Designated Fund of £360.CrfJO wll b• held in atjdfbon to other Cash and no￿aSh ftJnd8. Thi8 represwts Idgnlofied costs Oess the amount that rAn be Falsed by liquidating ossatsl assoclatsd whh ckisln9 the ￿mPanY should thB wMhdraw81 of slgnmcant grant ftjndlng result in the company no longgr ￿Ing oblg to conUnu8 to owrots, thwgh thls SC8nario is notth￿ght Ilk8ty In th• fcfes8•atA• ￿tUr•. The Future Plans fijnd represents sP8crfL pr￿+¢t expendhvre expected In the next three yvw3 119vol￿M0nt or $uslainiNJ Sevom Arts Charlloble ot￿￿0¥6$. Golno G¢)n¢om After making appropriate enquiries. the Trustee5 have 8 reasonable expectalon that the Charity has adequ4t8 r880ur to continue in ry)eraUonal ￿$trn￿ for the forese88ble tubjre. For thÈs raason, thoy c(Jntlnuo to adopt the going con¢em ba515 In preparing finanaal statements. Further detaHs reqardlng thg adOptiL￿ of the gc4ng Cont￿ basls can be found In thè Acctyjnllng Poll¢Aes. Rlok managern•n¢ The Tnjstees have a¥$essed the maiw ri8ks to thg Charity is exws8d. Ihtsse relaled to the ryjeratlons and finances of the Charity end satisfiod Ihat systsm$ and prvcadures 8rè In pl8¢e to m5dgats exposuro to thg mr In decldlng on this lovol of ffj$•ffts. tho TNstso$ hav• t￿￿118red the finanoal ri8ks that the f8¢9s. Ihè eèrtalnty of Incomo and Iho impart Cfi Usgrs should lh¢ Charity be unable to provlde 115 5•r¥[￿. Th• mdjor financlal rfsk faced is Ihe wlthdrawal of grant SUPPOrt from DfEIArts Council England through the mus ueatlon grant. Whllst th69 would havo g signfflcant Impact. th• Tru$t805 expoct that thére would ba for￿arnIng of thls that would enab18 thgm to plan approprit#ly. The way Ihat DE dl8trlbule8 fvnds as part of the music gducation grant thanggd In S8Pternber 2024 and SevBrn Arts is n¢)w the Hub Lead (kganlsation lor Herglordshir8 and WoTcest8rshir•. Overall fvnding 1gvg1s havo r8malned broadly unchanged. alb￿t distributed sllghljy drflerenty vlth S8V8m AJts havlng 8 partn&rshlp agreornenl th EnC￿e to deliver hub ¥eN¢e¥ in Herefordshir• in rtum for a share of the hub funding. Should Encore no longer contknue as dglivgry p8ther In H8r8fordshlr•, S•v•m Arts as tha Hub Lead Organisat'on will be required to make alt•matlve arrangemonts. A freelance model operates for th8 bulk of luition deliv8ry tn Herefordshl and th18 approach wjld pot8nlJalty bo eArri8d lorward by Sov6m Arts ith relativg e2$9 In th8 ev8nt that EnrA)rè eoas8d to be a hub partner. lewng other 8gMco$ ) bè dèliverèd dirtct by Sevem Art6 or by a ne￿Y engaged partner. Whllst th8ro cDnlnu8$ lo ￿ no stated long fvn(bn9 cornmitsnènt lor musk hubs. ACE hav• ath$od lo plan foT Stanth￿l1 lundlng In 2028-27. The govemrrnnt has cornmitted to crgatlng a National Centr for Afb & Muslc EduC￿On frc S$ptember2026 that wil ctynmissic￿ and fund music hubs diredy. replaung the ￿rrent 8rrgngement wth ACE. Worc85tWshim County Coundl has advlsed that the contracl to delNer th? hrt¥ ¥gN¢è ncl te renewed fr Septernbgr 2026, This fvnding 1£110kl currerrfty funtts a posi and ddlvery. In order to trmtinuè post that 8UPPOrts 0th8r ongoing Projeets. the trustees have agreed to commK Teserves where and M nogd¢d to support tha cuwt rol8 or an altem8Uve one unlll 2tr28. Tha Ttrustees have a86essed olher Bignificant fjnanrjal ri$ and have taken acuon to en8ure Ihe COMP￿ry Is abk9 to pond to ThJcbJéllons kn In￿me aThJ dern￿d lor Se￿£¥$ such Ihal il is to $U¢COS5tulty deal wrfh any imm•Jiate hallenw presented. The TN8ts9¥ rewow th? re¥¥r￿ on a bads wrth reforencg to tradlng Nstory and by vrith forecasl P¥98 6

S0￿M Art R•port ofth¢ TN•tee$ for thYar End•d 31st AuguBt 2025 PLANS FOR FUTURE PERIODS Sevem Arts plans to c4ntlnue to expkjre options ta diverslfy business over Ihg ngxt few y&ars and to expjorè aA•matlvg 50urts$ of Ineome and off8r to expand Sts re8th, to O￿or some adutt work and taryet disèdvontaged groups throughout thè county. We are at the ¥tart of 8 refreshed &year BU￿nesS Pl8n have a clear str8tegk dSroction thal alms to maturn our offer. 800k +JUt approprfate lunds that support gro￿ ￿ our areas of established 8xp8rti88 and embed L¥eHtiv8 projects withln our ¢ommuni198. We arè commltted to a legacy programme to support gra3sprotst8 and corThDunlly Suppcft for loe41 festivals and our art8 dev81opmènt wtjrk Is ujrrenuy sustaFn8d through p8rtner8hips with our lo¢al dlstrkt authoribes, Worcest8Trhito County CosJncS1, Public H&aNh and th9 UnNersty of Worc95tèr. How￿ar, the of the ltsn9-StandSng Arts Contract with Wcrtestershlre County Ccwnryl in Sept￿ber 2026 %wth ￿MIThJIy no prospect of Tengwal wilj maka thls harder to 8ustsln. Thg tmstoes have respoThled by commIt￿ng r￿r¥e$ where nocessary to ￿de￿￿te thè ￿st of malniaining the Current ¢T an adlusted until Marth 2028 to manage and support gxrsting pr(ie¢ts and unbl a n￿¥ unitsry 8ulhorfty 16 expected to b8 cr8atsd. In tho Intervenin9 P8ri0d w• vlll loc to 5gcure alt8matlve ￿ndS to ensure wor￿10[￿h1rn can eonunue to W￿¢T fundlng opportunmes. Our cuwent prgmiw lease expke8 In February 2028 and r￿aWa1 ol the lease not bb pos6lUe. Inlual enqu1rf8S sugg•st that flndlng We￿ar￿ent suilAbl8 pr•m15•s Is going lo be a signth¢8nt thallenge. Funds havg b￿n set aslde to support thls pr￿SS, togeth8r ￿th rnovlng and tha likety cost of works that may bè roqulred to ngw premrs0$ to mako them 8UitaW• for our noeds. Desp￿ tha chall8nge8, Swem Arts has a solld flnancial base. W• arg ￿mmItted to keeF4ng and supporting our own workfoTCa And to provldlng OPPOrtunib'e$ lor ¢ar8er progresslon withln th8 organisation, stathg wilh appr8nlir£ships and intsrn¥hips and cmdng sustsinable for the fubjre development of the mu¥lc 8ducation ond arts sector. W• pl•n to work w5th ￿th￿rs to offor mora opporlunlle¥ and en￿r& $gv•m Arts 8h¢Y￿ evid8nee and impact of rts, wowk to h an Indusive rAmpgny. STRUCTUR4 GOVERNANCE AND MANAGEMENT Constllutlon The Company is under a Memcyandum and Arbcl•s of As8odatlon dated 18 Octob•r 2017 {aB am8nd8d on 19 March 20191- M•thods of appolnlment or•lèetlon of truste•$ The rnanagement of thtr Company 15 th8 resportsibilty of the Tru$tse8 arè appdnted and (¥￿pted urKlor th¢ tém of the Artidgs of AssoddLffj. l trtsstees hav? recglv8d training Ihrough annual board away wthich ￿nten1rate upon th8 rolè of Iha board. pol¢y aThJ strategic dI￿ra10n 8nd the evalualon and nJ)nitoring of the buslness plan. The trustees arg Invtted to parudpate ontinuous profesdonal developm￿1 Pr￿JramM•s and ar• Subject to a dKsdosur• and Barring samr￿ miew. They athere to equal opporbjnity reC￿lment policae5. Four new Tnjstees were 01￿ last y•or one TN8lee re&gngd. A gTOUP of Tru5t805 are preparfng a Suttes￿OTh pbn and wè alm to recruit rd8vant new Trustees this year. Wg havg #n established Finan￿ Commthee And a Music Hub OveTsight Pon81 wlth three of ￿r truste85 a5 ttesignated member5 following our3ur£es8fth Bid to ba HLO. Onè tsft￿ trusl8os is dwignated aa thè $alèguardlng lead to BUPPOrt th• Doslgnat8d Safeg￿rdIng Load staff. K•y m•nag•m•nt Do￿t￿daY man4ggm8nt of th• charfty 55 delegated to s•nlc l•adorthp team lstèd on the reterence and admin Publlc b•n•lh The Trusto•s confirm 1hal they have cemplSed th the duty In Section 4. cha￿&S Act 2011, to havo T9￿rd to tho g￿dan¢? issued by ihe Charfty Commi$¥ipn concenmng public benefiL QuallfySn9 thITd party IndDmnXy wovlslons The Charity8 Artklg5 of Assodalon grgnts the Truste95 ind¥rMity. to tha oxtent pe￿itted by c￿￿p￿￿189 Act 2006. FUNDRAISING Our appro8th to fundraBirvJ k8 to ¢Amrtect ￿t￿ oursupporters, both indivith¥aL8 and eompanles to ral88 voluntary fund¥ to BUPWt our alms ond aetivltles. No wmmeKial parbupators have been usèd to ralsè lunds, and very few fundr￿￿￿0 events have been hek1 to dats. W? ?￿Ur¥ that our fundrthlng Is not ovwty or ￿rSISt•nl and does not wt member8 ofthe public uThJer undue pressure to donatè. STATEMENT OF TRUSTEES. RE8PONSIBIUTIES Th• trustees (who arg al¥0 tha direLlors of Sevem Arts for Ihg purw)585 of ￿MpanY lawl resptsnsib￿ for preparfng thè R8POrt of the Trustees And the finandal state￿ntS in accordancè wlth applkabl¢ law and United lQngdom Acwunting Stsndards (Untsd lQngdom G8nsraly Accepted Accounting Practie•l Including Financi&l Reporting St8n#a 11Y2 Yhe Finanelal Reporung Standard a￿lcoble In thè UK and Republc of Ireland". Page 7

s¢v¢mArts Roport of Ihe Trust forth• YearEnded 318tAugU5t 2025 STATEMENT OF TRUSTEES. RESPONSIBILrriES. contlnue Ctryany law lequires the I￿SteeS ID prepBè financlal statements fff each fiMn¢ial y¢Jr. Ltnd¢r law, the Irustsès have Electe¢J lo prepart the financid stslements kn wrdÉnce ￿th L4)ited Klrgdom Generaly Accepted Arwuntin9 PraGbcÈ Iunlled Kingdom Arxounllng StarvJard5 appltibl+ kn). Under conpany Idw t￿ tluslees mu$t not apprt)ve Ihe fthrKBI 8t8iement5 un1855 they are sBlisfi that they glye a true nd fairvlew ofihe slate ofaffars ofth8 ch8rrtable Gomp8ny llft￿ iTthming r•sou￿S and Op￿￿￿.￿n of re8wrces. cfudKIg Ihe incDtne at¥J expfnditurtr, of the ¢hafttable compayy for ih81 periDd. In preparing those finana81 statemenls, Ih? lryBteesaie requwed to selÈclsullab18 accMth"ng poficie5 and then appty trem un$tsrenipi'. obs@￿e the methods princIp￿S in tha Chanties SORP.. rnakejud9emeni6 al￿ estimates Ihal are reasomble and pw¢enl'. pry)8re the fKJancial slaiemBn15 th4 goi￿￿ bas￿ unl8 It is Inappropriate to prE￿￿ Ihal Ihe th8rilaNe cornpanywill coniinu8 ir. bLL%in&ss. Tr• Imstees are i&sp￿S￿￿ for keeplng prop8ratteunlin9 records whtch distkxè ￿aSOnable eccuracy ai aTry b.me Ihg financial p05ibon of the chariLable company and to enable them 6) ensure Ih?I tha financial statement5 with the eompantes Act 2006. They are aLs0 respo￿lts1O for safeguardlng the asso15 of chariiabh G¢xThpaAy #nd hencè For taklng rèosoMt4e 6t8ps lor ihe prev8nUon and detrf¥on offr•Jd and uther trr8gu&2rRS85. In 50 far a5 the trustses are awafw. thera is Tr) relevant InfornaU￿ ofwhich Ihe £thOri14b￿ cDmpan5 aud11￿8 are unaware,. and tho Iiustees ha iakn all 81ep$ thal iIEy oughl lo have lakEn lo make th¥n6e5￿ 8war8 ol any r•￿vIn1 aud Inl¢malon ¥J to osiaNIBh IfAI tho authtors ar8 aware oflhat In)￿￿1￿. This report has been prepaied in aCCDrdgnce wllh the $pe¢Wprrri￿ns ol Pari 15 01 the Compan￿5 Ac120ffj ￿741￿9 to sm811 companies. pprov¢d tyordor oflha board oftw8ts8son... . and tJ9ned on Its behambr. C M Shlel$- Twmeè Paoe 8

R•port of lh• Indo￿ndent Audiitirs to the M•rnl)w• ol S•v•rn Arts Oplnlon We hav8 audited the financiat statements of Sevem AJts lthe'ch8ri18ble compony'l for the year ended 31st August 2025 lth comprfse StatemgTLt of Financld Aclfvltt8S. tho Balance Sltget, tho Cash Aow Statement and notes to the finan￿31 ststem&nts. including a s¢Jmmary of $ignifirAnt 8cc4unlOng policies. The Ilnan¢lal repoitng fr8rnew0￿K that has been applled In 1h•lr prp8rgts"on is appticable law and Unitad lQngdom Accounting Standards (United lQngdom Generalty Accepled Accounting Pr8cIic81, induding FlnancAal Reporbng StsndBrd 102 The R¢porflng Slandard appll¢8blg In tho UK and Rewblc of Ireland,. In our cpinlon the finandal statemènls: gW• 8 and falr vlew crf the stats of Ihg th¥ritablo company's affo1￿ as al 31st August 2￿25 and of its ineomlng resourres and appl8tlon of resources. induding its income ènd expenditure. for thg y¢ar Ihen ended; have been PToperfy prgp8rgd in acccKdance ￿￿th Unlted ￿ngdorn Generally A￿pted Accounting Pradco, Snduding FIn￿cIal Rewrlujg Slandard 102 ryhe Flnandal R8porbwvJ Stsndard appllcable In the UK and Rgpublic of Irejand,: and have been prep8rÈd In accordance the requirom¢nts ofth• Cornpanles Act 2006. Bas18 for oplnlon We ￿duCted our audit In a¢Cord8nce￿1th Intem8tlonal StandaTd8 on Auditing {UKI {ISAs (UK)) and applicable law. thjr responsibil￿e5 under those sI￿dardS are furlher dwribed in the AJJdltorn' ¥esponsitiifiti8s lor thtr audlt of the )Inanu81 ststements section of wr rewrt. We are independent of the tharftable company in accordance wlth the 9th1￿1 ulrements that arg r￿¢Vant to our audt of the Inandal statgmgnt5 in th# UK, In¢kKllrs the FRC'S Ethlcal Stsndard. and we have fv1Th11gd our 0th8r ethical responsibilrbes In accordanc• lth the89 rgqulrements. We bollevo that thg audbt 0￿denc hav8 oblainad is sufficnt and appTopriat8 to pmwdè a bods for our cpinion. C•n¢lusions Yelatlng to golng cont•rn In aud￿rtg tha financial staternenis. w8 have ￿￿Cluded that tho t￿￿te¢s. of wng ￿ncern basis of accounting the prep8rats.on of Iha finoncl81 statements 5$ app￿p￿at•. Bosed on the we have perfomied, w8 h8ve not Idèntlfiad any matetlal uncertalnl8¥ relating to •vonts or condition$ th&L indi￿dual￿ QT ¢oll¢di¥ety. May cast slgnitlcant doubt on the chaTilabl• comp8nls ability to contlnuo 88 4 goir ol at le8St ts¥elv? month$ from vknon th6 financial $taiern8nts arè autMrfs•d for i86ue. Our resp)nsibilrfI￿ and tt)fy ro$F￿SIbIlItI0s of Ihe tTUSteès Y•5￿cl to going concern ar• described in the relevant seclfions of this report. Olh•r IDIom￿on The t￿Slee5 ora r•sponslble for the Other information. The other infoMation ￿rnPriS85 the Infomatlon IndLwJod In thg nual Report. otsr than Ihe flnandal statement3 and our R8purt of the IndependentAudrtors th•r80n. Ow OFxnion C￿ the financlal slatgm8nt5 not tovor the other inform#th)n And, •xcepl to the extent otheNAse ewlcl $tsted In our report. w8 do [￿t express anyfomi ofassuranco condusEon lhOr￿n. In Ixffine¢on vAth our 8udlt of the f￿8￿la1 Statgrngnts. our ¥85ponsibility Is to read the other infDrmatlon and. In doing so. consider whthèr other 1nl0miatic￿ is m8t8fi81ty Inconsistent wilh the financial sial8mènts or knovAedge obtalned in the audll or olherwise &ppèÈrs to b• materfally mi$ststed. W ￿ idonlfy such m8terid IneonsL8tenci8s or apparsnt matsrial nws61aternen18, we Brt re4ulrod to detgrmino whgthgr thls glves ￿56 to a matsrfal mi8Staternent in th• flnanaal stat8m•nts themselve3. Ir. t¥¥ed on Ihe work we have perPoThed, w• ¢onclJ¢Ja Ihat there 18 8 m818rfal m￿S1810M0nt ¢rfth18 oth•r Infonnauon, we are rèqutrÈd to r8p)rt Ihat facL W• have ncthing to rnwt In thIB rewd. Oplnlon8 on othor matt•r• prn8¢rfb•d by Compan1￿ Act 21106 In our oplnlon, based on th? work undertaken In the course of thg audlL' the ￿￿f0M)atl0n gI￿n in th8 Report of the Trustees lor Ihe financwl y¥r for wNth the ffinandal ¥tAtgm8nts Bro prepsrgd is conslstenl blilh slgtsmants,, and the Rtport ofthe TnJ8tees h86 bggn prapAr•d tn aecordance ￿￿th appllcabla18g81 wuv8m•nts. Itters on which w• r• ¥8qulr•d to r•port by excepoon In the light of the knowledgè und•rstanding ofthe chsritabl8 eompary and ts environment obtainèd In thè ceurnts of thg aud( we have not Idonttfi8d material ￿$s￿tements In thg Repgrt of Ihg Tru5tfe5. We ha¥0 rthing lo r6pNt In respert of thg following fflatt•rs wh￿re the CornpBniès Ad 2LbJ6 r•qulre6 US to report to y¢ 11. In wropinion.. 8éequatg acC￿￿ting M￿rdS have nDt be8n k8Pt or rdums adequate our audit have not been r￿1Ved frcqn branches not ¥￿iled by us., or the finanool statemènts arè not in aLveementwlh the a￿un11n9 r¢eords and rntuThts: or C8rtdn dlsdosures of Iw$t885' rem￿eratic￿ specified by law arg not mad8'. or ave nol recwved all Ihe Infom)alon and oxpYanaUon$ wo requlr• for oUr•Ud￿ the trustsas were nol entlued to take advantsya of the small companie8 oxemplton trom the requlromentto prnparè 8 Strategic R8port or In th8 Rgportof the Trustaès. Page 9

R•port of th• Ind?p•nd•nt Audllor• to th• Members of S•v•m Arts R•sponsibiliti•s of trusts•# As èXF48kn8d mts￿ fully in the Stat8mgnt of Trustg0$' Rosponslblllo$, the trustegs (W￿ are a80 the dlrectors of thg charrtable o)mpany for the purpos98 of cornpany lawl are r8$ponsibl8 for Ihe preparation of the financlal statemenis and for being satisfied Ihat they gkn a true and falr ￿ew, and for such Intem81 control as thè tru$t•as dfrtannlna Is necessary lo en•blt the pffjparntion ofllnond81 slalements that are free from mater181 misBtatemenL ￿tsther due lo fraud or erw. In prepwing tho fln8nclal stst¥mwts. Ihe tru8tg9¥ ar8 respJn5ible for 8s9068ing the tharltthe companls a￿lIty to Con￿nUe as a gohg con￿M. disclosing. as applicawg. mattgrs rel8tgd to 90ing con￿rn usino the golng concem basi$ of a￿)UntIng Unl￿ th• trusta&s aithar intand to Ilquldata tho chadtable company or io cea$8 opernUons, or have no ro￿lStiC alt8rnativ8 but to do 80. Our respon•lbllltle8 for the audt ot fln•n¢l•l •tatsm•nt• Our oblactivos ar• to obtaln roason8￿• Assuranco about ￿eth￿r the flnanclal stalement6 as a vtho18 are free fr(xn mal¢iial mi¥stst?mgnt. wh8thgr to fraud or error. •nd tts Issue • Report of the IndePend￿t AudltoTr that Indudes our oplnlon. Reasonable 8ssuranc8 b 8 hlgh 18V81 of assurance. is not a guaranto8 that an audit conducied in acc4)rdance ￿ ISA8 IUKI Mll a￿ayS detocl a m8terl81 rnlsststemgnl vthen it wsts. Alisslat$mènt8 can ath from fra￿j or érror and ar8 eKJnsld8rwJ materfal 51, Indfvldualty or In the a9gregate, Ihey could reascnawy be 8XP8Cted to inffluent Ihe ￿OnOMiC d8Ci5ion8 of users t8kèn on Ihg b88is of these ffinancial statemnts. The extenl to %thkb ￿)r procodurns Gapat40 of d￿8¢ung lrngulathgs. In¢bAkng fraud Is detalled below.. OblAin8d an undgrstanding of tho nabjrè ol tha industry and sector. or￿lUd1r￿j the legal and regulatory fr8rn8work Ihatthg ￿MpanY op8rètt$ In tnd how th8 company Is COM￿yIng ￿th the legal and reguLqtory framewovk.. Inqulred of rn8nagemenL and thos8 charged with govmanca. about th•ir own ld8n1ffica￿on and assessment of the tsks and lThegulaTIUos. kncluding known actual. suspgctgd or allg98d Inst8nce5 of fr8ud'. an Dlscu$s•tJ matt•rs atKJui non-¢IKnplianco with law8 and regu18tiork8 and how frwd fflight occur Indudhg 8898ssm8nt ofhow and the fin￿¢￿91 staterrnts may be SUBcepJble ¢0 fraud. As a of thgsg prwgdur95 we con¥id8T th8 most 5ignrficant law5 and rryulatw)n5 thal have a dlrect Impact on Ihe financial Statements are Ihe Charibes SORP {FRS 102} 'Accounthng and Repotlkng by Charbttes.. Ststement of Recommended Pract1￿ appficable to tharfles pr8P8ring their accwnts in aeeord8nc8 vAth the FInanc￿l Rep)rting Standard applicab￿ In the UK and Republlc ol Ireland IFRS 1021 leffecli￿ l January 20191.. Financl81 R6POrt4 Standard 102 Tha Finandal Reporung Standard appllcable In the UK Republi¢ of Irgland,. the Compani8s Act 2006 land rglat8d 18gislationl. Ihg Chariti85 Act 2011 land ralalsd ￿gIsla110n1l, 8n¢J laws aThJ regulation8 relalng to the employTn8nt and paym8nt of staff including, tmjt not firnit8d tts. Ihè Emptoyment RfvJMs Aet 1996, Ihe National Minimu Wage Act 1998 the Penslons Art 2008. Wo perform8d audit procedures lo detfjct non¢ompllan¢es whl¢h may have 8 materi81 impact on th• ffinanclal $taterrEnts. Ythlch Induded ￿VIew￿ Ihe IlnandAI statement dlsdosuws. TN8 Includes sarnple tg¥tlng gf r￿nIhIY payrdl reeords forlha ¢akula￿n of gross wdg•s. payroll tax•s ond Pen￿cffi costs. We identified Ihe argas of the financial stst8m8nts moat suscèptible to hud to be management6 judgement In allocallng expendilure to indNidual r¢strkted and unrestrictsd fvnts. induding lh8 althatlL￿ of wago costs and general stsff overhead& Audit procedu￿8 performed included. but VMTe not limited Io. Mie￿n9 manaoem•nt8 r8asonlng and workw5 b8hind th85e allocations of 6xp8nditur8. Bec8use of thè inhèrènt limitations of an audit. th•M Is a rfgk that W8 lll not dotect all irregul￿1￿89, induding thr leading to a rnerfal mls8tatgm8nt in the fi[jan￿￿1 statements or non-tr)mpliance regulatKJn. Thls risk Inc¥eases the more th8t ￿MplIance with 8 Lqw or regulaiion is r8mtsved from the events and ￿Sa010n6 reflectsd in ihe finawKial ststements, as we w511 ￿ less likety to become aware of in$tanco5 ol nOn-com￿lanCe. The risk is also greater regardlno orreg￿arths c¢curring due to fraud rather than efTCf. as fraud invofve¥ irrtonlional cNKealm#nt, forgery, cc4luslon, ornission or misrepresentsuon. A furth d•s￿ption of cw rnSponsI￿l￿•S for th• audrt of the finandal statem8n¢8 18 kxatsd on Ihe Fin8wKk#l R¢￿￿1ng CounLyI's Ybsitg al v•ww.fr¢.oro.uklauthtorswwn$ibllrfl8s. Th1$ dèscrlptkn fomis of ￿Jr Rem of1he Independent Auditor¥. Page 10

R•port ofthe Inthp•nd•nt Audltorn to the M•thr¥ of S•v•m Arts V•• of our report Thls report Is made soldy to Ihg ¢harftable cornpanyS member¥, 85 8 boty. In acwdance with Chaptsr 3 of Ptrt 16 of the Companles Act 2006. Our audit work hAJ been undertaken so Ihat ￿ might state to the charilabJ$ ￿mpanY$ mgmbbrs thce mattors we are required to statè to thèm In an audiius, rgPOrt and lar no other pU￿oSe. To Ihg fvllè¥t exient Femwtted by law. we do not aec£pt or Essume re3por6lbnity to anyone other than th? charitable ¢4mpany tho tharitablB company's rnernb8r5 as a body, for our audit work, for Ihis report, or forthe opinions we havg formed. Mglbsa J￿￿ Godwln ACA ACCA Isenlor Statirtory ￿d[lorI for 8nd on b8hÈifol Rlcjbèrds Sandy hiJd5t SeNc8 Limited (Statutory AudStorl Thomeloe House 25 Barboume Road Wgrc88t¢r WR11RU Page 11

8t•t•m•nt of Flnoncl•l kUvStle8 Ilnv>rporatlng an In¢om• and Expendltur• A¢countl for the Y•ar Ended 31st August 2025 Perfod 1.4.23 Y•ar End•d 31.8.25 Total funds 31.8.24 Totsl fvnds Unrestrtthd fvn¢ts Restri¢ted lunds Notes COME AND ENDOh)WENTS FROM Donalh)ns and legac105 167.19• 1.524317 1.691.4117 1.986.306 ch¥It￿l8 acti¥ill Musl¢ educ8lon Arts deVd0pm￿rt F￿￿¥816 1.114924 4.290 1.114 4.250 1,383,575 58.631 8,950 Investrn¢nt IrKcna 20,485 Tt)¢l 1 J02 72$ l.S24.217 1826.940 3.457,927 EXPENDITURE ON Charltablo a¢￿¥111•$ Mu¥ic edu￿tion Ats devd0pm￿t Festivals 1306050 57211 1.135.472 137,271 1342,322 194A82 2,726.502 218,401 180.681 12MO61 1272.743 2 5N804 NET INCOME Tran8forn bg¢woon fvnd# 251.474 290.136 332.343 20 N•t movement In funds 109.884 180.252 290.136 332.343 RECONCILIATION OF FUNDS Total fvnd8 br￿ght fc*w#rd 1.017252 284,794 1,302.038 TOTAL FUNDS CARRIED FORWARD 1127130 1592 172 1302.036 Thg n¢)t•¥ (omi part ofth88• fl}￿81 8tatom¢nts P8ga 12

Severn Ans B#laTh¢¢ Sheet 31stAugust 2025 2025 Total funds 2Q24 Tols1 fun unreÈtricted fl￿d$ R8$tri¢ied lunds Notes FIXEO ASSETS Tan9b12 asset3 1S 245,D3E 24S,D36 206.184 CLIRRENT ASSETS Debtors.. omouni$ fall( due willffi Dne yeaw Cp5h al ts￿k and ifi hand 16 307.83$ 698 £45 337.556 321 854 645,191 ,020,509 494.277 1013.909 1,O¢$B80 fjS9,420 1.665,700 1,508.786 CREDITORS Amtyunts ralliny dL wilhln year 17 1124.1801 183,9091 08,089 1248.e211 NET CURRENT ASSETS S75 882 100 ￿11 1457611 1259 565 TOTAL ASSÉTS L&8S CURRENT LIABILITIES 1.127,136 75J11 1,702,¢47 1.467.749 CREDITORS Amount5 fall￿ rfue rn0￿ than year 18 1110N761 111Q.475) I1￿.713> NEf ASSET5 1 127.q3fj 465.036 1.592,172 1.302,03e FUNDS Un￿$trICIe￿ fund$ Reslrict6Llfund5 20 1.127.1J6 465,0)8 1,017,2S2 284,784 TOTAL FUNDS 1,692,172 1.302.036 These fifiancial stalemenls have b88n prepar80 in 8cc¢rdaD¢e with the proiBIr￿ Ot>pif¢atlg t• thoritable CQnVèDk$ s￿le￿tt0 the small companies reywne. The finBnt121 stateM￿ts were 8ppro¥ed by ihe Board of TnJste$ and authori￿ lor tsSLÈ on 041.p..31.2rA........... and were srJn8d on its bghall by.. C Ilj Shre￿- The Ml85 form pafl of these flna￿al staleft￿nts Page 13

¢#*h Flow Stat•m•nt forth• Y•ar End•d 31stAugu$t 2025 P8ritrJ 1.4.23 to 31.8.24 Y•ar End•d 31.0.25 Notes C••h flows from op•rallng actlvlli Cash ganerakna from opgrnuons 111.027 Net c86h provldgd by operadng actNMe 111.027 Ca$h flo￿ from Inv•stlng actSvltl•• Pureh8se oftsngiblg fixed assèts Sda of tangSble fixed a88ets Intsrest rec8ived 172.795) 2.012 {1.9291 103 cash lused Inyprovidgd by iiv•sting acti￿•$ Chang• In calh and cash •q￿Val￿nIS In th• Yoportlng perfod ash and ¢a6h •qulvalonts at th• bgginning of th• r•portlng p•rlod 6,600 129,866 1 O1390• 884.243 Cash and cash •quivalents atth• •nd of the reporting p•rlod 1020 509 1.013909 Th• notes fonn partoflh888 fimndal 81atsrnènts Pag• 14

Sevtm Arts Notes to tho C¥sh Fl¢*w Ststem•nt fortho Y•ar Endgd 31at August 2025 RECONCLIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING ACTIVITES P8rfod 1.4.23 Yèw End 31.&25 31.8.24 N•t In¢om• lor thg r•porting pgrlod l•$ p•rth• Stat•m•nt ol FIn￿¢18• Athltlesl Adhi$tmonts for. D9pr8Uo￿0n charyes Lo&8 on disposal of asseL8 Interest received In¢r•asa In debtor8 D￿Tea￿a in creoitors 290,136 332,343 W35 50.609 310 120.465) 1116,294) 135476 116,319) 1150,914) N•t ¢ash provld•d by op•TrtloM 61.064 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.24 C88h ffl(T At 31.&25 N¢t ¢a¥h Cash 81 ba￿ and in hand 1013 909 600 1020 509 1013909 600 1020 509 Total 1013909 600 1020 509 The not08 ft¥m partof th•s• finanaal stat•monts Page 15

S•v•rn Art Notps to the Flnan¢lal Ststements forthè Y•ar End•d 31st Au9ll$t 2025 GENERAL INFORMATION S0Vtm Arts 16 a prtvats company, IlmltEd by 9u8rant•o, inCory￿ra￿d n the UK and registered in Englmnd Wales. ThÈ prfndp81 ectlvity of Sov•m Arts ￿ gèl out In the Trusteos Rew The registeTed Offi￿ 8nd princlpal opardling offi¢e of S¢vgm Arts Is Sume 11, M8lvem Gata. Brornwich Ro¥d, Worc8st8r, WR2 48N. ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS Thfy ffinandal statements of th? tharitab￿ c¥)mpany, bthich is a pubk benefft • under FRS 102. have been prgpared In accordance wlh the Chad11￿ SORP IFRS 1021,AC￿UThtW￿ ond Reporunc by Chariti8s.' Statamont ol Recommended Practlc8 appllcable to thar111￿ wep8rfng thelr ac%ounts in occtsrthnee wlth the Flnan¢bl RepO￿r￿a Standard applicab￿ in the UK ond Republlc ¢f Irtrbnd IFRS 1021 leffedve 1 January 20191,, Financial RopOl￿1va Standard q02 Fin8nclo1 Repcfb"ng Stsndard applicable in the UK and Republ￿ cl Ireknd, 8nd Cornpènl8s Act 2006. except In rgg8fd to th6 t￿￿trnent of Ihe LGPS as 11 It was a defin8d contribullon penslon scherne r8th8r than if it was a defined benefjt pgnsion scheme. whlch Is e departure frLm th• reoulrement of FRS 102, on Ihe basis Ihat 8ccounting ftsr the LGPS as a dèfin￿ b8n8fit perksK)n sthemè ts ineonsistent With th? requlrements to gi￿ a trug 4nd falr vlew (see th& accounting for p8nslon costs for morg dgt¥J'15). Tho finandal statements have been prgpargd undgrthe h￿￿ce1 ￿]St ¢c¥w)tl¢￿. The ac¢cunts org pr￿￿tad In GBP and are rtyJnd¢d to th• n8ar•si £1. INCOME l in￿me Is recognised in the Ststwntnt of Flnancl81 onc8 charfty enlllem$nt ¢0 thè fuThJs, 1¢ Is PT¢4)8b18 Ihai th• In0)me￿Il be r8ceivwJ and Iha arn￿nI be measured relkqbty. Donation and grant incc¥n8 Is recogni8ed when the tharity has been nOtif￿d of the amounts. If thero performance ￿ndItI￿$ attach￿ to Ilon8Uon before gnlllemwnt can be obtalned Ihen irtome Is deferred unll thosè condrfions are fully m8t or the fvlffilment of tho88 condibons Is wllhln the ccrtrol of th& charitabl8 company and it prob8Ll& that they ￿11 bg fv￿lI1￿l. In￿rne frcffi th8 supply of s•Nhx$ Ilndudin9 income from charita)1g activiti89I rnpresents the vth$ of SèTvkes provided to thg extent that lJ)ere Is a rtghl to conslderation and is re¢cffded at ts fair valuB of the conslderat roc•ved or re￿￿•. Int•r8st Inccme Is r8coJnis¢d for 811 interest-bearlng financ4al in8trwn•nts uslng the effect￿ Intgrgst rgte rn6th￿J. EXPEND￿uRE Uabllilles ¥rg r9wgniswJ as expenditure as 800n as th•r8 L8 a legal OT constructive obllgattr)n ccrfnrnitbng thè Char￿ to that 9x￿ndituTe. It Is probatle that a transf8r of ecOnc￿lC beneffts w511 bg required in setuement tho amounl of the Obl￿ation can be measured reliably. Exp￿d￿￿re is ac4wnt•d fow on an accrueL8 basL8 and has been Ckssifi￿ under h8adings Ihat oggregate all cosl rglat8d lo Ihe (ategory. WThèro eosts can￿1 be dir•ctly attn"but8(I to Particular hÈadings have beon ￿kn¢at6d to athvi￿OS on a basls conpAstsnt vAth the u6e of rg$ourco8 as ￿et￿￿d bdow. CharftaLIg actsvity eosis are those (x)sls that tslatè dSre¢ttytO SP8cifK ￿thIn the organisath)n. SuFPo￿ Indudè tha runnlng cc6ts of the ¢h8rity ond have teen a￿ril￿t￿l to dlr•ct costs th carttab 8ctivMos as Id1￿￿$. Support ￿$1$ that can be dir￿ allributad to a pthwl8r acw have been categormed Ès such In the financial statements. y re8￿JUS1 ct*sts hBvè been allccatsd bgtvKgn ￿1v￿laS In Ine wlth thg value of 3upp(¥l crots awèéd in advance by fund8rs. muKlpth"eÉ by the peT¢gntsge oftotsl Support cos1¥ in eath headng. Pago 16

Notes ts the Flnancial St•t•monts- ¢ontlnued for tho Y•ar Endèd 31#tAugust 2025 ACCOU1￿1NG POLICIES- ¢on¢in￿•d TANGIBLE FIXED ASSETS Tangiblè fixed assets a￿ inibally rOC¢#Jntsed ai cost. After recrJJniUon. uTrdér thg rmtmolgl, taTrJiblg fixgd 855•ts are me45ured at eost less a￿M￿lated d8precaation and any awjmulatsd irnpainnent losses. ￿1 ¢06ts in￿rred to bring a t8nglble asset into its Intended wodtlng eondluon should be included In the measur8mont of cosL A roview fLr impal￿8nt of fixed a83ets is carr19d out If ovonts or change$ in circumstAncgs indicate Ihat thè rrwng valje of any fixed asset may not be recoverable. Shortfthlb behyeen the carrykng Yalu8 of fixed Bs68ts and theW recoveTabl amounts am rgcognlsed 8$ lrnpalrnents. Impalm)ont Ics$e¥ are recowlsed In the Statement of)InanrAal 8cbviW. Tangible fixed #￿ts cosUThJ £500 or nN)re are capltsllsgd. Depredolon Is providgd at ratèg e81cu18ted lo wrfte off the ¢ost of fixéd gss8ts, kss thelr e&timatsd r8sldval Value. ovtr thdr •xp8Cted u8etsl livo¥ on tha fomowlng bases.. Motor vghidès Fbxtures & thng5 Office equi5Mnent ComFthr gquiprn•nt knstrurnents.. Low valuel low Irf• Ovér 4 years. This apt4kg8 tts Instruments such as recordor¥. fiFg¥, doclls. txpect8ncy.' ukulg19s and olhtrr similar lowvalue items. Brass: In8twments h8ve 8 longer Ilfo in schocls. As¥umlry 50% at 10 years dovm b 20% at 20 years. InstNments havg a lOn￿r Ilfe Sn schoc4s. AsSurn1￿ 50% at 10 y88rg down to 20% at 20 yeets. In$tNments have a longer lffe In however a￿ of much h7wer inrfial Yalue than brassl wood￿nd whlch makes them 1888 S81•8ble ovgr tth¢. Assume 30% al ygar 10 and 0% at years. Insttuments have a fonger IKa In schoc4s. Assurnlng 50% at 10 years, down to 20% at 20 yearn. Inthd88 8om• hlghor valuo Instrumgnts whkh are T￿t hlrnd out and $0 w d tear is less ltsnd to be used centrally). E.g. fimpgnl, Marimba, Xylophone. Vknrarknone. Keyboard instruments. Assumed slower dtPT•ciation . 60% 01 e41glno1 value at year 10 and 30% at year 20. Unluned Percussion: Induil&s lower cost instrument5 suth As trymb81s. dnJm8. djemb¢¥. U$u•ly highgr wear and tear for Sm￿1 pervJssion. Soma. such as djembe are hir8d to stho(As In sets and are often not repairabl8. A25umed 20% value at ygar 10. Indudes Snstnjmgnts rar8ty hirpd OUL used centtally onty or rf oxc8ptlonal value leg. Harp. Contrabassoon etcl. Instruments are kept In 8xcellènt s8￿Ced condition and SUII retsln ￿nSId0rabIa v81u8 aft8r 20 years (assumèd 50%). Th15 assumed str￿ght ling deprgd3tK)n to 10¢A after 10 years and covers non $t8ndArd it•rns èg Drum Kbt, Early Years pgrcu&ioA, Samba, Folk. - 5 years straight lino - 10 yeaF5 5tralght Ilne - 5 year8 8traight line - 5 years straight linè . Woodwhd: U￿01 St￿￿.. Lower Strings.. Tun•J P8roJsslon: Hljh Vdu•'. Ml8cellafieou8: Th? tharlly 1$ oxempt from cc¥p)ratlon tsx on 1¢$ ¢horitaLlg aLlivrties. FUND ACCOUNTING Unrestrfctod fijnds can b¥ us¥d kn aco)rdanc• I￿1h tho carftablg objg¢tivo9 atth• d[sLYd￿j ofthe trust￿. Re¥trktEd funds can be usod for partivjlar fB5tricted purposes w5thln the of th• charity. RestrfcUonB arise whtn $pe¢lffigd by the dorKJr cff when fvnds Brè r8lsad for parucular rgslricted ww$$. Furlher 8xpl8nalon of th• nature purposo of eath fund l¥ Indudgd In the notes to th? financial stat8menls. FINANCIAL 14STrUMENTS Thg cornpany has elected io apply lh¢ provi$lons of Section 11, Be￿¢ Flnandal Instrumgnts, and Soction 12 'other Flnanoal Instrum￿15 Is$ugs' of FRS 102 to all of its 17nanclal Instruments. FIn￿cIal instrurnents ar• r￿￿gnISed the company b•tsJmes p•ity to contractual pth$lon8 01 th8 in6trum8nL Flnanclal as8els are off58t. ￿th net amounts pre$ern￿ in th8 accounts there the￿ Is a legally enforceabie right to ¥•t off the re(oJnlsed amckmts and l¥ an irrtention to seWe on a net bas1$ LV to roalkse the asset and settJ8 lh8 liability s1muttaneo￿ty. P￿17 c¥)nlOnu•d...

Notes to thg Flnancial 5tst•ments- contlnuod for th• Yoar Ended 31stAugust 202J COUNTING POUCIES- conllnwd FINANCIAL INSTRUMENTS Baslc Flnan¢lal Ass•t• B881¢ fin8ncial assets, whleh Indude lrnéo 8nd othgr ro￿vable6 and cash and bank balances. arg inthally measured at transaction pri￿ Includlng transactNJn costs and ale Subsequent￿ ¢arfgd at arnortised cost usfjn9 th& effedlve Inierest rn8thod unls8 tha arfangemonl con8titule$ a ffinancing transaction, where the tran58cllon Is measurèd at Ihe presenl vatue of the future face1￿ dJgeoJnted at a market rata of illtarasL Baglc Flnanclal Liabilitiès Ba￿¢ ffimnual Ilabilitle$, Snduding tradè and ¢th8r payalles, ara inits8lly recounlsed at transaction pite thless thg anangement constltrJte8 a fin￿CIng transaLliun. ¥Yhere th6 debt Instrumrt 1$ rn•asured at the wesent valuè of future r8C8ipts. éiscount8d at a market rate of intèresL Debl Instruments aTe ¥ubsequenly carried al amorl8gd C061 u8lr¥J thg 8ff8ctiv& interest rnte melhod. Trade poyables ar8 OtAigaUw$ to pay f¢r goods or se￿(9 Ihat have b8en aequlred In the ordinary Course of the operations from Supwie￿. Accounts payable are e18s￿fIed es r#Jrrent118bllNl8s if payment Is due wlthkn onè ￿ar or le￿. Ir n¢t. they aro presented as nonwwrfent lia￿1￿8$. Trade payabl9¥ are rEcognlsed Inlualty at tran¥adion OPERATING LEAses Rents payablo under operathg leas98 are chargtd to the Statement of Finanool on a stralght Ilng b￿1¥ overthe term. PENSION COSTS Retlrement benefits lo emF4oyoès of the are provided by tho Local Govemrnenl P•nsiM ¢LGPS'). or a private d8fined contribuJon scheme. Somè amployo8s w•re part of th8 Tèathers Pension ScheTh? ￿Ps.) up until November 2024 when tho scheme was dosed and affecied 8mployee8 tr3nsferrod to the private defln8d contrfbU￿0n sth•m•. Thè TPS Is an unftjnded d8fin8d bèntfft scheme and co1￿11￿119n¥ are calojlated to 5Ffead Ihe c05t ol pansions ovgr empk)y8es' W0￿￿j Ilves with th? th?rity in a way that the pensith) cost Is a substantialty level perc8ntag8 of current and fvture pensionablo payroll. The contribullons are det8rrnlnad ty the Govemmgnt Aduary basgd on qUad￿nI￿al valuations using è prosp8¢tfjvo unit credit method. TPS Is an unfvndgd rnuttpem￿oYsr scheme wlth no undetylng 8889ts to 8s9ign bets¥een em￿0yerS. ¢c￿5￿qUen￿y, the TPS is tr•atbd as a deflned contri￿ti￿ sd)•m• for aCC￿Unting PU1F0￿ and the eonth"bulion8 r?￿9￿8•d In the perlod to th￿ relate. The L(￿1 Govemm6nt Pon81on Sthgmg ILGPSI 15 a fvnded mu￿￿emPloyer d•fin•d benefft 3them8 and the assets are hèld swrately from those of the thority In soparate t￿Js￿ adrnlnlst8r8d funds. Wh115111 W￿Uld be posslble lo an aduarial valuallon of Ih8 tharrty's shar8 of the LGPS to charity belong$. th trustees ofthe tharrty b815ev• that to account for the LGPS as a dèfin$d b8nefft pen¥lon Kh8mg, rath•r than as a dgfined conlritwtlon sch8me. wtyjld ￿ Inconslstent wth the r8ouirement to glve a trug and tslr vlew. Thls Is because the tnjstees do not w￿ld8T their annual ￿ntribU￿on8 relaung to setling thelr share of thè LGPS'S cuffènt fOr•￿$t surplus to b8 m8teri81 to Ihè accounts ofthe charity (based on tha Intom￿tIOn p￿d9d wilhin th• most r8C8nt triennial aebjartal valuauon of Ihe rglewdnt LGPSI and also due to Iha very low number of rnémters of th8 LGPS allo(xted to the charity linduding bDlh euffent ond past staff of th9 charity) compared to the ¢)vergri number of mernbgr5 of the r•kvant LGPS, it Is CA)nsid•rad probable that the actuaiial valuatlon of the charity$ share of the sU￿luS wouhj b8 disproportlonally gff¥cted by any Signif￿nt uncertainty in assuwnptions or errors Compared to oth8r 8th•mè amployers. In addrtion, th8 minority ol employees of thg charity Ihst belon9 to the ral•vant LGPS Indudg membèrs ol thfr senlor managemwt team and accountlng for thÈ LGPS as a defined btnafit schome would likely c8U$t adjUSkn￿ts to dlsclosures ￿ncernIng the remunerafjon paid lo kay rnan¥gom8nt p&rsonn81 In such a way lh 1$ not likdy to be accurty dètttmln￿ on an indmdual Om￿0Ye¢ b8$i$ 8nd would Ilkaly be less comparabl8 year on yèar to chang8s In aduarial assumptkjns aFpligd gach year io the valuation of the relevant LGPS. The twsteos th8refore believe that aceojntlng for thelr payThonts to the LGPS a8 a dofined conlrfbullcl) scheme better roll￿ Ihe adual finanoal Impart to Ihe charity. Whère the charity has gwthrad inlo an agreement wtth thg Tglgvant LGPS that determlnes how th• ¢hanty ￿111 lund a defiot. th8 ¢h8rity recognhts al that polnt a liabilty for thè contrfbuuons payablg th* 4ri$85 frcm the agregmenl (to the extent that Ih?y bjh relate to the de￿ 8nd can bè rnllably measured) and Ihe resulung expense is reojonlsed thln tho Stat¢m¢nt of Rnandal A¢Ov￿g8. Contribulons pay8bÈ& to Ihe d•llngd contri￿￿0￿ pans1¢￿ scheme arg thwggd to profft w lo￿ In Ihè pèilod to whlch Ihay ralat•. Page18 eon16nu8d...

S•wrn Art Nots$ to th• Flnanclal Stat•m•nts- contlnu•d for the Yèar Ended 318t August 2025 CRrnCAL ACCOUNTING JUDGEMEiifs AND KEY SOURCES OF E8TrIATK)N UNCERTAIN Esllmates and Judgemen16 ￿ ¢￿tinual￿ ev81uatsd and are based on historkal exp8ri8ne• and other facto Indudin9 8XP8Gtations of f(rture events thot arè bÈlleved to be reasonablo unthr Ihè dr￿MstanCes. CrltF¢•l arna• of judg•m•nt Judg8mènt is awjlled in setlng the d8preciation rates for t8ngibl8 fix8d assets. Detsds to thtse rates can be found in 1he actsxjnting poldes In note 2. Thg rarrying valua of langlble fixed as$ots ¢an be found in note 15. The Local Government Pen￿On Sch8me Is o fijnded mu1u-empl0￿r dèfined b8nefft scherne and th8 ass•ts are held $9paratdy from those ol the company In separats tNstee 8dmlnL%tered funds. Thore deèmad to be InsuffKienl 8v8llablè wlhout In￿rnDg ￿St8 deemed to Olthdgh thg b8n8fft to users of the 8r£tsurtts to apply defined ben8fft aceounbng of Ihe Local Govemrnent Pen￿On Schemg, and what Informatlon Is avaIla￿e Inllcates that the charity's Share of the nel surplus of the Local GDv•mment Pe￿(￿ Schémè Is nol likely be m8t8riAI to the finanu81 $tsl8ments. The Local Govemm¢nt PenSIc￿ Scheme Is therefo￿ acwuntEd for 8s if was a deffingd witiitsjtion pl￿1. wth gJntribution$ payabl8 to the Lo¢al Governm¢nt P¢nslon Scheme charqed t profft OT Ios8 in the p8rfod to whfic* tw relats. Further det811 can be found In notg 21. &Jpport costs have bpgn allocated behve&n sjnrostslctsd and rgstnctod lunds and behveen Ihe activltl8s where they have been idèntifiéd as d¥edy 8ttrfbutabl& ¢osts. Any residual costs have b88n 811ocat8d bethen a¢tivi6¥5 In Ilne thg ¥thè of support costs agroed in advanc8 by fundets, mumplled by the p8rctrntage of totsl 8UPPOrt Costs In e8th headlng. DONATIONS AND LEGACIES Perbj 1.4.23 Ygar End•d 31.8.25 Total funds 31.8.24 Total fun4$ Unrestrfcted Rethd4d funds funds Donalions Grants Orchestra tax r•llef 1.036 135,532 13,197 1.511,020 14233 1,646,5S2 15,768 1,945,959 24,579 167.190 1,524217 1.986 306 Grants reco￿•d, In¢knJed in th• abtye. are 88 foll)￿.. Perbd 1.4.23 to 31.8.24 Yw Endod 31.&25 Arts co￿¢11 England y￿jn9 Soun(Is UK Ilorniwly Award3 foryoung Musidansl Bransford Trust Bromsgrove and Rodditekn Elmley Fc4Jndation Heart of Enoland C￿r[m￿￿ FoundaUon Malvem Hills DLstrf¢l Coun￿1 Paul Hamtyn Foundation Worceslor City Courtl Wor¢esler8hire County Coundl Unlverslty OfWorce5ter s￿￿ry small local counc41 grants (less than £10.000 each) s￿dry small charltstA8 trust grants Ihan £10,000 88th) 1,284293 24,849 10,01)0 18,800 15,000 1.241,644 33,196 10,000 68,942 97,747 165,CN)O 60,582 242,023 2,000 6,900 17.925 45.425 161 74,138 150.880 2.400 1641552 1.945.959 Pag8 19 C￿tinued...

sevem Arts Motes to the Flnanelal Statem•nts- ¢ontlnu•d for th• Year End•d 31st Auguit 2025 INVE8TMENT INCOME Perfod 1.4.23 Y•ar End•d 31.8.25 Totsl fvnd$ 31.8.24 Total fund$ Unrgstrbckd funds Rèstrtcted fvnds B8nk inte￿t 16A19 ICOME FROM CHARITABLE ACTivrrEs Period 1.423 Y•ar End•d 31.8.25 Total acliwtios 31.8.24 Total actlviUoB Muslc •du¢glion d&v•lopment HolidayActivht•s aThJ Fcod IHAF) Programm8 CPD Inryjme Event incorne Project Inc￿ R8sourrès Tuition Sub￿riPtiOn Con¢orts Miscellaneotss I￿￿me 32.907 32.907 1,132 IiS53 58,631 1,405 15,11S 34,920 58.182 1,244.369 12,740 4,465 9303 4,290 41.060 979.661 11130 4615 41,060 979,661 13,130 4615 1 114•24 1119214 CHARrrABLE ACTMTIES COSTS Direcl Costs Isee note 81 Support ¢08ts1899 note 91 Totsl$ Music education Ajts development 2,013,972 328.350 2,342,322 208 2 530 804 OIRECT COSTS OF CHARrrA8Le ACTMTIES Pe￿0d 1.4.23 to 31.8.24 Y•ar Ended 31.8.25 St8ff cmts Instrum8nt ¢on8urnabkns Workshop expendltur8 Extemal fvndino and Prolect costs Subwntraded staff L¥isis Musl¢ & trfps 1.565.868 2.195 1.1180 2.137,974 4.032 513 1.511 529.241 24.195 582.326 12.549 Page 20 conlinued...

Sév•m Arts Mot9• to thè Financlal Statem•nts- con￿nut￿ for th• Year Ended 31stAugUgt 2025 SUPPORT COSTS Support wts. induded in tho above. are as fdkN8'. Perrod 1.4.23 Y￿r Endod 31.8.25 Total Ifvlttes 31.8.24 Total Rale8 and water Insuranc• Ll9ht and heat Tdephone Advertising Sundri•s $8rvica Lthargas 16,4511 21735 16.278 10A13 25.007 1.301 23,391 54,400 97.729 36,800 11,301 17.023 2,737 4.253 2.704 12.674 8,831 5,398 2,774 15,138 19.337 7.017 4.621 16.B12 2A36 16.511 38.400 71.167 25.454 5.157 17.393 2.000 £775 Travel expen$ IT sxpsnses Le981 and wofesslonal AccrAJnlanLy and payrol Subscriptions Board costs Prerni5e$ costs CPD o)sts V￿u￿ hiTg Safeguardlrg ¢0sts Consultancy lees Postage stabonary Depreciation Profit C￿ sal8 of tangibla ffixod assets Bank charges Audltors. re￿neratIon 11.240 5.835 1.542 24.530 758 J3.235 50,609 310 5,215 S,636 328A50 428.118 10. NET INCOhIEIIEXPEND￿uREl Nat 1ncomel1expend￿r?) k8 stoted after chargingllcredibngl: Perlod 1.4.23 Yoar Endèd 31.8.25 31.&24 Depr8datJon. owne(l assets D¢fictt on disposal offlxed assets R￿1 p&d under operating leases 33.235 50.609 310 Page 21 continu¢d...

s•￿rn Arts Note$ to thè Flnanelal Stat•m•nts - contlnugd for the Year Ended 31•t August 2025 11. AU0￿ORs. REMUNERATION 2025 2024 Audh remuneration Other 8$surance s￿¢$$ Other seNkes 7.890 5.500 3,780 12. TrUSTEÉV REMUNERATION AND BENEFrrs Tham W•Te no tru8t88s' or other beneffts for the year ￿dId 31st August 2025 nor for Iho F*l¢)J nd•rJ 31st August 2024. TRUSTEES. EXPENSES £769 wp¥ r¢lmbur8ed for diTecUy Incurred trav•1 •xp8nse8 to tsyo Irustees {2024'. £427- on• Imstsg). 13. STAFF COSTS Period 1.4.23 Y￿r End•d 31,8.25 31.8.24 Wryo5 and sabrfes Social s•curfty ￿$ts Other p8n5￿n Costs 1,343.220 108,046 1,715,389 120,882 301.703 1561868 2.137.974 The average rnonthly numhr ofenyloyee6 thJriNJ tho ￿¢1 wa$ 08 fdlows." od 1.4.23 Y•ar End•d 31.8.25 31.824 76 Average numbgr ofemploy•8$ Th• number of employgps whoso empbyo9 bonofils {8xduding empkny•r F•Thsion and employer N.1. cost$} exe•eded £eO.000 ba8wl on ¥Mud saL•ry was: 2025 2024 £80,001 - £70,000 Key m•nagttm•nt p•rsonn•l r•mun•ratSona Durfng the y?ar total r8munerotion, Sndudlng employor pension and naUon81 lrnJranc• ¢ost4 paid to key management perS￿ne1 total￿d £266,750 for 4 employg0812024.. £406,762 for S emF4oyeg¥ 0￿r 8 17 month P&gè 22 coninued...

8•v•rn Arts Notes to the Flnancial Stat•ments- contknuod for th• Ygar End•d 31•t August 2023 COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVrnES Unrestri(tsd lund8 R￿trict9d fvnd8 Tolal funds INCOME AND ENDOWMENTS FROM Donadons andlggacies 286,210 1.7CQ.096 1.986.306 Charftablw acllvltlo8 Music educatic Arts devolopment FestN#ls 1.383,S7S 56,631 1,650 1,383.575 58.631 8.950 7,300 Investrwnl IncC￿e 20,485 Tol•l 1.750 531 1707 396 3 457.927 EXPENDITURE ON Charftsbh actlvltlg• Music educatlon Arts devfjlopmw FestNals 1.477.054 195,101 1.249.448 23.3 2.726.502 218.401 180 681 1855 467 1.470.117 3.125.584 NET WCOME 95. 237279 RECONCILIATION OF FUMDS Total funds brought foNMd 922,188 47,505 969.693 TOTAL FUNDS CARRIED FORWARD 1,017252 284,7B4 1& TANGIBLE FIXED ASSETS Fixtur85 and )Ittirqs Motor vehkks coMp￿T equlpmont Instruments Totsls At 1$t Seplemb¢T 2024 Adéilons Disposals 5(13,603 71.222 77h24 10.100 44329 1.573 637.456 72.795 At 31stAugust 2025 696.510 DEPRECIATION At 1st September 2024 Chwgg br year Elirninated on disposal 330.653 20.463 11.033 48.250 7.743 &780 1,320 41.589 3.709 429372 33.235 At 31stAugust 2￿25 NET BOOKVALUE At 31st August 2025 21 At 318tAugust 2024 172.950 Pa￿ 23 eontiThJed...

Sov•rn Arts Not•s to th• Flnan¢lal Stat•m•nts- contknued ftyr th• Y•ar End•d 31st Auqutyt 2025 16. DEBTORS: AMOUNTS FALUNG DUE W￿H1N ONE YEAR 2025 2024 Trad8 debtors Other debto Pwp8yments and ac¢rugd Incornè 384042 297,682 1,802 17. CREDrroRS'. AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2025 2024 Trade ￿dItOrS Sod816euJrity and oth¢rtsx8S Olhgr cr8ditor¥ Accruats Defer￿ incomè 47,787 28,527 14,996 11,338 105 43,014 31,952 9,000 142,191 248 821 D•f•rrod Income Deferred incorne costs 01.. 2025 2024 Worc6Storshlre County Cwnol social value p￿ect Mu$1¢ luilon and related s8nAce fee8 relalfing to future porioth Servicg wntractgrant incorne allc¢aled to fiJiurB pèriods 165.713 220,951 85,703 165.713 307.gm Split b8fvffien'. Amounts duè ￿thIn year AmDunts due after more than one year 55,238 110475 142,191 165,713 166.713 307.9)4 WorcestgF5hire County Counril soaal value proj•ct Is 8 5 year recai¥•J in adv•nce {foll0vri￿ th8 wathg or a 108n due from w(￿CeSt￿[shir0 County Counclll. Gr8nt Incom& I8￿ting to future year allocat(ons h8Vg bg d8fwred on thg basbs Ihat the chartty16 unable to apply current year expenditure &Jainst fErturo year dlocalJon3. All othèr defer￿d Income as at31 August 2024 WBS released to 1￿m0 withir thè ¢urreTrt finandal ￿n(￿J. 18. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2025 2024 Dsf•rrnd income 110475 185713 Oètalls of defeThed In￿m¢ can be found In note 17. Pégè 24 ethtlnued...

8•Y•m Arts Nol•s to th• Flnanclal Stat•monts- coThtlnugd torth• Year Ended 31•t August 2025 19. LEASING AGREEMENTS Inimum base paymonts undor nor￿ant•lL•￿e operating leases fall 0$ folltrws: 2028 2024 Within one year B9tsveen c￿9 and five 38.400 38.400 57,600 Th• premises lease agr&om¢nt 1$ conn¥tsJ to 21 February 2028. 20. MOVEMEiif IN FUNDS Transfvr8 movem￿1 btheen in fund¥ funds Al 31.8.25 At 1.9.24 Unrgstrf¢t•d fvnds General fund Dfyslgnaled Fund5 650.832 300.000 66.420 22.128 {188.Tl8) 60.OLKI 484,182 360,000 82,954 200 000 16.534 Futur• Plans fund I￿17352 38,662 71.222 1.127.136 R•strfcted fvnds Arts Council England CapiiAI Fund BU￿ary Fund COMF Enhanced Youth Support Flrsl Gr8at Wsstorn Furthering Talent Lead Artist CommL8shJn. AJt Gallèry & Museum Love Vvocdrow project Muslc Box FuNd Paul Hamlyn Foundation Place Partnership Prr48Ct stoMellng Stuart Sil¢￿k Musl¢ Award Sthèmè Wareastsrshire County Courril sr￿1￿ valu• project Sundry R¢stridgd Donations 314.0#3 2.049 (S6651 9.770 (71.222} 242.871 19.112 17.063 *7YO 2.484 52.862 1.321 162.300 152.8621 11.3211 182,7491 41,935 12.500 10.173 79,551 41,935 12,500 10,173 45.417 41.302 5,338 5,338 251.474 TOTAL FUNDS 1302.036 Pagtr 25 contiNed...

Sevem Arts N+X•8 to tho Ftnanclal Statsrn•nts- ¢ontlnu•d forthg Y•aT Endgd 318t Augu¥t 2025 20. MOVEMENT IN FUNDS- cont•nued Not movgmwt in fvnds, induded in the obove ar8 as follo￿.. IncthnlrvJ Reswrw Mov8m8nt resourc&s expendgd In fvnds Unr•strl¢t•d lunds G&nOT81 fvnd 1,191,323 11,169.1951 22,128 16,534 1,302.723 11.264.061) 31682 R￿tr1d¢d fvndj Muslc EdUCa￿On Grant Council Englwd C&pttg1 Fund Buwsary Fund COMF Enh8nced Y￿th Suwrt Fesiwal Fund Ftsst Great W•stem Furth?ring Talgnt Le8d Arust comm1851￿. Art Galery & Museum Lovè Woodrow proJ8ct Mafv8m Hilts Disb*t C(￿n￿l District fvxL8 Cethin&tor Mus1¢ Box Fund Paul Hamtyn Foundatlon Place Pwtnershlp Project Soundseape Young Persons Festlval storyl8lllng Sluart Silc¢xk Mvsic Award Sthgmg Worca6tershire Cc4Jnty CcrtJTral 80cid value wol Young Sounds UK Sundry R88triLled Donations 956.188 314,093 (958.1661 314.093 2,049 {5,665) IS,66S1 iioooi 2.000 9.770 4770 (156) (156) QS00 10,000 14.0161 102.8621 2,484 152,86 20,IJOD 12D.ODOI 11.3211 182.91111 126,9361 146251 13.7001 {9751 11.3211 182.74• 161 68.871 5.625 16,200 11,148 12,500 10.173 55,238 24.848 159.3531 1¥848) 251 TOTAL FUNDS $36 Pogo 26 contlnu8d...

Sov•m Art¥ Not•s to the Flnanclal Statemonts - continu•d fortho Y•ar End￿ 31st August 2112S 20. MOVEMENT IN FUND8-¢ontlnued C•mparntlvp• for mov•mtrnt In lund• Net movement In fvnds At 31.8.24 At 1.423 Unr••lrfct•d fund• G8n8ral ftjnd Dssignated FuTrJs 569,935 300,000 52.253 80.897 650,832 300,000 922.188 95.064 1.017,252 R•¥trf¢tsd lunds Culiural Dèvdqxnent Fvnd Bursary Fund GOMF Enhanced Youth SuFP(*i Cultural Educational Pro9r8mme Furthering Talent Love Woodrtrw prr4Èet Muslc Box Fvnd Paul H8mtyn Foundation Wor¢x¥ter5hire County Coundl 6wal valu project Sundry Restricted Donations 7.225 16.514 17.225) 549 5.665 17,Z201 112.9901 52,862 11.B69} 162,300 17.063 5,665 7.220 13,146 156 52,882 1,321 162.300 3.190 45.417 45,417 210 47.505 TOTAL FUNDS 969.693 1.302 036 Comparalvè nat mov•rn•nt In lunds, induded in th• above are as follow8: Ineoml Resour￿ Mov8m8nt •xp•nd in funds Unr•strfct•d fvndo General fvnd 1,484.891 265.640 11.403.994} 80,897 14.167 1,750,531 11.655,4671 95.064 R￿trI¢l0￿ lund¥ Mu$l¢ Educaticfi GAnl Cuttural Dovelopm8nt Fund Arts Actl Arts Cc¥Jnell England Penslm Fund Buts8ry Fund COMF Enhanced Youth Support Cuttural Educalond Pmgramme Feslfval Fund Fvrtherfng Talgnt Love Woodrow prqè Music Box Fund Paul Harn￿n F¢w¢d8tion Wor¢est8r¥hir8 County Cwndl S￿￿81 valua Project Sundry Restrictgd Donollons 1.046.102 17,956 42,X 96.181 2.549 5,665 11.046.102) 125.1811 142.2CfjI 196.1811 12.OC(11 11,2251 549 5.665 17.2201 17.2201 1172.1881 146.9351 118.0801 13,2931 2.7001 172.188 33,945 68.942 1,424 165.000 {12.9901 $2,862 11.8691 162.300 55.238 19.8211 210 45.417 1707 396 1470.117 TOTAL FUNDS Page 27 conlinued...

S•v•m Arts Notsj to the Flnanclal Statem•nts - continued forth• Y•ar Ended 3191 Augugt 2025 20. MOVEMENT IN FIJND3 h ¢ontlnugd Unr•¥trictsd fund¥ D•SIgb)at￿ Fund$ A reserve has been deslgnated by the trustee8 whlch represents idethed cosls Ile3$ the amtsunt th•t raised by liquidatyng assets) a$so￿a￿d wlh closing thg cofflpany, Ihough this $c￿a￿0 Is not thought Ilkdy In th8 foreseeable future. . Art• Ad5vSty Id•sSgnatsd) FUndIr￿ to supwt vJltur81 activty 8nd artists acrrAS Worc8Stèthir8. Future Plam fvnd lths1gn•l•dl A cash reserve hAs been designated by the trust88s whlc rnpresents sperjfic project Wgnditure gXFeded In the next Ihree years for developmonl or $ustslnlng Sw¢m Arts ¢harllablp Obl￿tiveS. R•$trlct•d Funds Musl¢ EdU￿10n Grant DFE Grart allorAted by Arts Councll ol England. Doll￿r$ ¢or& ond gxtgnskn rol8s for Mudc Educatlon as set wt in the N8tion81 Pkqn for K4usi¢ Edu<xtion. Arts Coundl Englond fAphal Fund Grant lo fund tha wrthasa of diLibl• instruments, •quipmenL and t8chnology for Ihe bonefit of Ihg M￿lC Hub. Cultural O•volopmon¢ Fund Grant le fund festNals e￿ment of Worcester Raimay Arthes Proigct 2019-22 Iprgjoct d¢lNered b•hY•an WorcgSt8r City Council. Univer5ty of WorcostBr aFHI Sevem knl. . Arts Actmty Irestrlctedl Fundlng lo suppcwt ryjltural activlty ￿ SUPF#yI artl8ts acrw8 Worcg8tsr¥hlrg. Arts Coundl En9hnd P•nlon F￿6 Grant recèived from Arts Coundl England to lund Increas￿ Teacher PenBlon Schemo ernplgyor ontribution$. Bursary Funds A bursary fijnd started In 2019 for nNJskal otvortunthes forWoT¢OSteTshlro thilJrgn and ywng p8opI8. COMF Enhancod Youth Support A rknotography and fllm project explorfng thè Inwact of cO￿d on young p8oplo In ruigl ￿MmUnI.￿. Cuftural Educatlon Progr4ffiM• Arts Connect fijndino to develop the Infr8Structure of the Cunural Educatic￿ Pathèrnhip (• n&trffjrk of org&nlsations promolthg arts ￿mUr￿ to young p8opl&l. Fostlval Fund ReL8te8 to V8ri0U8 grants. d￿￿tIOn3 8nd othor fundlng for thè Llght N&M l8sltv81. - Flrst Gr•at W￿l•M Fundng toward6 a ccffimunty proj￿ that tteates a mural ¢el&lknJng rall. Furthgvlng Tal•nt Fund to SUFPJrt t#L•j￿8d young musits*ns from dls•thnt•ped backgrounds to further their progr￿￿on. L•ad Art16t Comrnl8slon. Art Gall•ry & Mu••um Fundlng towords a muwjm commls6ion. Lovo WoodTQW Gr8rt frorn Heart of England Community Fc•Jnd811on to undertake d Woodrow pvbllc art Project. Malnrn Hill# Dixtyict Coundl D1#ti1￿ Atts Co￿￿1￿•t￿r Fundlng IDw8rd$ the Communty Arts Collordnator rola. Paga 28 )ntnu8d...

Notes to the Financlal Ststem?nts- contlnu•d for the Y•ar Ended 31$t August 2025 MOVEMENT IN FUNDS- ¢ontlnw¢d Musk Box Fund To SUPPDrt and devebp th8 delivèry of Muslc Box music 8SWeA)S. Paul Harnlyn Ft)undatlon Paul Hamlyn Foundallon has awdgd th8 chadty a grant of £165.000 to support 'Sing. Sp&ak and Shin8' proj8Ct undèrtaken by th8 charity. ThÉs prolect Is expected to run from April 2024 to July 2026 with d•livfrry from Soptember 2024. The charfty plan t9 Us9 Ihi5 rnoney to ftjnd dlrect prolèct ddfjwy costs and a proleet manager stsfl Ptytrjn. P￿ce Partnershlp ProJ•ct Funding tobydrds th• Local Vol￿, Creative Clw)Ices proleGt, Indudino thè Brfdg8s of tight fosovd. The Project 1$ 8XP8Ct>J to run to March 2028. Soundl￿P• Young P•rson Fe•tlval Funding the SouThJsc8pe feslfval hald for 11>18 yoar old$. stffjt•lllng Funding from ma￿ern Hllts Oijtrict Ccamcil towards v8ri0u8 communlty pro1￿. 8tu•rt Sllcock Muii¢ Aw•rd Schem• Funding from Mafvgm Hllls DISt￿¢t Councll toward¥ Vari￿$ eommunlty prolects. Wore8St•rshlr• County co￿1￿clI So¢ial Value Project Grant from Worcesterthlre County Coundl to fund a serfe8 of agrèèd upon actlvhles, includiTh3 finandng rnu$i¢ box xlNiti85. wovkte apprenticeships to local Sndfv￿￿alS and provldg assbtsnce to kJc81 f8sUval8. Young SO￿￿• UK Grant to sUp￿rt sludenb frorn dlsadvantagod backgrounds to p￿de bibon and fvrthgr thelr musl¢ progr8¥Jion. pro]ect18 expectsd to September 2024 tts Augu$t 2028. Sundry Donatlons R8c•lvod Small (lonati[￿S r￿Ved for a SFedfic pU￿￿e in the ￿)r. indudlng a varfety of 8mdl f¢¥lv8L8 and events. TRANSFERS BETWEEN FUND8 Dwng th? year the followkng amounts were transf8rr8d to the general unrestflctod thjnd r•pro6￿ti￿a the valuè of as$8ts pwchas8d usiThJ rostricled fund¥'. Arf8 Coun￿1 England Capnal Fund 71.222 D￿n0 Iho y•ar Ihe folbving 8rMunts transferred from thg 98n8ral unrnstricted fijnd to tho foNowing deslgnatgd r￿d$ in order to reflect thg prov15ion a5 at 31 AAJgu8t 2025.. 60.000 Future Plans fvntj 260 000 Page 29 conunued...

8•vern A•ts Notes to the Flnanclal Statements- Contlnued ftrr th• Y•ar End•d 31$t Au9U$t 2025 21. EMPLOYEE BENEFrr OBLIGATIONS Thè d)arJty •mFlowas belonged to three princ•pal pernion 8chem88 in the year the Te8dr8' Pen$ioA Scheme England and Wales ￿PS) fvr a￿demiC and rolatgd Staff.. and tha L￿al Govemrnant Pension Scheme ILGPSI for non-teaching Staff. which is managed by Worcestershire Pension Fund. Both are multlémpioyer d•fined ￿nefit schemes. The charfty wlltsjrvw active memtership of the TPS fw all staff in Novgmter 2024, this sd)om• wth a d￿n•d c0ntrft￿on sehom•. Th? tste¥t 8#uarfal Valua￿¢￿ of tha LGPS rdates to thè perlod ended 31 Ma￿h 2022. A now valuafjon l¥ du• for the pwlod 31 Ma￿h 2026. Included Sn ¢redJtcn at th& year end w&re pensth credltor8 of £14.27912024: £29.7471. T•a¢horn' Ponslon S¢hgrn• The Teachews, PeThsi￿ Scheme ITPSI is a statutory. Contributory. defined ben8ffit 8th8me. goveme(J by the T88(ors' Penslon Scheme Rogulaticffis 2014. The TPS 18 an unfvnded scheme to which IM)th the rnémbèr and •mploy8r makos e¢JntritrArtiong. as a porcontago of salary- these contribubons are uedited to the Ex¢htyuer. Retirement and other pens1￿ benefits are paid by blSc fijnds pra￿d•d by Partlam•nL Govemment Actuary. using nonnal aciuari81 prineiples. Conducts 8 formal actLt8tlal review of the TPS in aG￿rdance w5th the Publ1¢ SeTvI¢g Pgnslons (V8Iu8lfion$ 4n¢J Efflpl￿r Cost Capl Dlr8ctfons 2014 publi$hed by HM Treasury every 4 yeaTr. The aim of thg revi8W i¥ to ensurg 8them8 co¥ts are reeounised managed approprfatoly and th8 revlew specifies the level of fijlure conlrfbulons. Actuarial Scheme vdvations we dapandant on asgJiYwUcns about Iho valuo of firtur• costs, design of benaffits ané many othgr frdctors. Th8 latest actuarial valuation of th8 TPS w&s carried (MJt as at 31 March 2020. T valuation report was published by the D8parlm8nt for Education on 27 Octoter 2023. wlth the SCAPE rate, set by HMT, appI￿n9 a notlonal Investmenl retum ba8ed on 1.7% abovg the rate of CPI. Thg kgy 8￿￿￿t$ 01 th8 valv8tion tyjteame are.. Eryloy¢r¢onthbution rate# sèl at 28.68% of p8nsl0n8b￿ pBy Ilncludlng a 0.08% admlnlstralSon ￿vY}. Thls Is an incre88e of 5% in empbyw contrknutions and tha tnsl centrc4 rosult Ls gjch that no thange in memtr bgnefits Is needed. Tolal scheme Ilabllfoes Ipen8ion8 ojrrenlly in payment and the estirnat8d r)%i of futtjrè benÈfft$) for St￿Ce to th6 off￿18 date of £262.(￿ million and nolonal assets lesllmated future contrfbutions tsJether wtth the notional In¥esbnents held at the valuauon datel of £222.200 million, giwn9 a notional pa8t servlce d8fidt of £39.8CKI Tnilllc Th• result of th1$ valuelon wlll be Implemented from 1 Awil 2024.Thè nèxt VA￿#t￿n r￿J￿ is du• lo be Implemented from 1 ￿rtI2027. A copy clth8 valuation report and supporting dotsJm•nlation Is th• Teachert PenskJnswebBSte. Under thg dgfinilion5 $&t out in FRS 102, th8 TPS is an unfunded rThJMi4mployer pensith) Scheme. Th8 charity is unable io ￿enIty its $haTe of the underf￿n9 as8•ts and Ilablliuès of Ihe ￿an. Aetordingty, Ihe ¢harity ha& iaken advantsge of Ihe exempuon In FRS 102 and ha¥ ac￿nted for its ¢MIrt)u￿ns to th• xhm• a8 N It were a deflned conlribullon SL*ome. The 8rnpby8Is pension cosls paid to TPS li the perfod amO￿ted to £34,34812024: £258,386). Thg Charity gxited th8 TPS in Novemb8T 2￿24 and no lon9er makes pensi¢)n eu)tributbns tothe TPS. Lo¢•1 Govemment P•n￿on Sch•m• Tha LGPS Is a funded muN4rnployer defined ￿nefi1 p9nsi￿ xhgme. wrth thg assets h8Jd in separate trustee adrTunistor8d funds. Th$ èxpèetad eontrfoutton ratas for futur8 y•8TS for gmpwrs Is as follo￿.. - 24.2% to March 2026 Icurrenly 24.2%). ￿th empltyees paying rates dependlrvJ on thelT level of oro$6 wage$ rwelved eath month. - 24.7% Irom Aprfl 2028 lorth¢ next 3 ye8rs. Ih88e 8xp￿t$(l to bo r8duc8d to 0% tha to the scheme belng a Su￿lUS pc4ilion. The tharity hos aceounted for Its conts1bullon8 lo the schem8 88 ifit were a defined ¢ontritArtion thme. Pag• 30 conlinu8d...

s￿•M Art Not•s to tho Flnanclal Stst¢rnents- continu•d forth• YoaT Endèd 31st August 2025 21. EMPLOYEE BENEFrr OBLIGATIONS- continu•d Th• smpwfs p8nSIc￿ c08ts pald to LGPS In the P￿IDd amount&d to £38,S9812024". £52,090). Doffin￿ ¢ontrfbutl¢Jn •¢heffl¢ The ernploye¢s pension costs paid to the defined cot7tribuUcfi sthomg in th& parfod amounted lo £41.65312024: £9,355). 22. RELATED PARTY DISCLOSURES T￿r¢ worè no r8lat8d party tTansxlK)n$ for1￿ yearenéed 3181 August 2025. Pg8 31

O•tall•d Stat•m•nt of Flnan¢lal ActlvSti for the Y￿r End•d 31st August 2025 Perfod 1.4.23 Ygar End 31.8.25 Total fuThJs 31.8.24 T¢)t81 funds Unrostriciod fu￿1¥ R•strlct•d funds INCOME AND ENDOblMENTS Donatlon• and lega¢l•• DOna￿onS Grnnts OT¢hestra tsx rellef 1,036 135,532 30,622 13.197 1.511.020 14.233 1,646.552 30.622 15.768 1.945.959 24.579 187,190 1.524217 1.691A07 1.986,306 Inveslm•n¢ Income Bank interes1 16.319 16A1• 20.48S ¢harltablo acUvltl8¥ Holiday Acti¥iti85 and Food IHAFI Programme CPD incomo Evant Incomè Project income Rastsurcès Tuiti'on Subscrfpuc Concerts mi5cel8ne￿s Incom 31907 1,132 13,553 32.907 1.132 13.553 58.631 1,405 15,115 34.920 58.182 1244.369 12.740 4.465 21.329 41,080 979,661 13.130 4.615 41.0 979.661 13.130 4.615 14 1.451,156 Total In¢•mlng r•wur¢o• 1.302.723 1A24217 2.821940 3,457.927 EXPENDITURE harlt*bh acllvlti Wages Sodal ?￿u￿ty Pen8ion8 Instrumenl consumables Workshop expendlture Ext8mal funding arKI burs¥y Proj8Ct costs Subcontrarted 8t8ff ￿)9¢8 Mu810 touTr & tslps 518,975 104.137 112.571 2.195 1.080 824.245 3.909 2.031 1,343220 108.IM6 114,602 2,195 1,080 1.715.389 120,882 301,703 4,032 513 1,511 529,241 24.195 141.439 12.549 440.887 582,326 12,549 937.382 1.271.072 2.208.454 2.897A66 support Managorn8nt Rates and water Insurance Llght and heat Telephonè Advertising Sundrig$ {6.451) 22,735 16,278 10,413 25,007 1,301 69283 19.337 7.017 4.621 16.812 2.436 19,337 7.017 4621 16,812 2,436 50.223 Thi¥ pagg dcw not f¢M part ofth• stabjloryflnonelal ¥tst•m•nts Pao8 32

s0￿M Art* D¥talled St•t•ment of Flnanclal ActlvStl•s forthg Yèar Ended 316tAugu•t 2025 Perbd 1.4.23 Y•ar EThJed 31.8.25 Total nds 31.8.24 Totsl fijnds Unrestrfcted fund8 RBStrid• f￿d$ mana￿M•nt Brought foNard serV￿e charge Rent Travd Èxp￿$95 IT expen698 Logal and profess10￿1 Accountanuy and payroll Conference eosts Subscriptions Board costs Pr&mk8es o)sls CPD costs Venue hire Safeguarding costs Ccx)sultsncy fees PoslagE ond statbnary Deprecaation Profil on sale ol tsngibl• tlxed assets SO.223 16.S11 38AOO 70.817 15.454 1157 17.393 2.1100 4,775 50,223 16,511 38,400 71,167 24454 5.157 17,393 2,000 4775 2A84 11,240 5.835 1.542 3A24 24,530 758 33.235 69.283 23,391 54,400 97,729 36.8(￿7 11.301 17,023 2,737 4,253 2,704 12,674 8,831 5.398 2,774 15,138 2,046 350 11,240 835 1,S42 3,424 24.$30 758 31,914 310 313.153 1.071 314624 417,403 Flnanc• Bank chargga 5.636 S215 Gov•man¢• Costs Audltors, remun8ralion 7.890 5.500 Tot81 rnsources expendgd 64.061 3.125,584 N•t Inc0ffl91(•xpgndlturn) 251N74 290 136 332,343 Thls pag• do89 not h)rn part ofth• statytory finandal ¥tatoménls Page 33