Annual Report September 2024 – August 2025
Last year saw the beginning of significant changes for SEDMC. Alison Madin who had been Musical Director for twenty four years informed us at the first Trustees meeting in September of her intention to step down from the role and from music centre. This set in motion the plans for recruitment to replace this role.
A robust recruitment process was undertaken, and interviews took place in March 25 when we were delighted to be able to appoint Matthew Barks into this role. This appointment brought the advantage of someone who knows SEDMC, having attended as a young person before his current tutoring involvement, and who has strong connections with the Derbyshire Music Partnership, giving us as an organisation the opportunity to strengthen communication and shared working. The timing of the appointment also allowed tandem working between the existing and incoming Musical Directors for the summer term supporting the transition for the new SEDMC year 25/26.
We saw a number of other staff leave the SEDMC family: Chris Knapp, Amy Harker who finished at the end of the year and Yulia Nortridzh midway through the summer term. We thank them for their dedication, skill, enthusiasm, and humour supporting SEDMC members on their musical progression. The chair of Trustees Jon Ridgeway also stepped down the summer term and Michaela Wright stepped in as interim chair.
The board of Trustees agreed to hold the fees at the current level acknowledging the current economic climate. The work to try and secure additional external funding is ongoing. The membership numbers have maintained but recruitment remains challenging. There is a decline in the numbers of young people having instrumental lessons in schools across our catchment area.
Successful Christmas and Spring Concerts were held at Kirk Hallam and in April a concert at St Alkmund’s Church, Duffield. A selection of Flutes formed a flute choir and were successful at Derby Festival in April winning their competition. The Saturday Singers also won their sections in Derby Arts Festival.
The planned European Tour for 2026 was deferred and members deposits refunded. The reasons for this were two fold, one being the difficulty in planning a tour with personnel transitioning into new roles and the other the smaller numbers expressing interests in taking part.
There was successful recruitment into tutor roles to meet the 25/26 term start and there was a revision and restructure of the groups and timetables ready for the new 25/26 term which was consulted on with staff and trustees.
The Summer Festival of Music was held on the 12th July. These were Alison Madin’s last concerts as Musical Director. Previous SEDMC alumni were invited to attend and play at the festival finale evening concert. It was a fabulous day despite being one of the hottest days of the year. Those members of SEDMC year 13 who were leaving at the end of the term were presented with a red rose. The SEDMC awards for those members who showed most improvement over the previous year in junior intermediate and seniors were awarded.
A number of year 11 and year 13 players went (with the Musical Director) into primary schools in July to provide music workshops encouraging primary aged children to get involved with music and hopefully to join music centre.
Overall SEDMC can report a successful year. The financial position remains secure despite the ongoing member recruitment challenges. The Accounts / Financial statement for SEDMC are below.
| Treasurer'sreport | 3 |
|---|---|
| Independentexaminer'sreport | 4 |
| SEDMC Finance Statement | 6 |
| Bankbalances... | 7 |
| Notes totheaccounts | I |
| Glossary of terms | I |
South East Derbyshire Music Centre Trust Financial Statement
1 September 2024 to 31 August 2025
| 1 September 2024 to 31 August 2025 | ||
|---|---|---|
| Total | ||
| Sep 2024 to | Sep 2023 to | |
| Aug 2025(£) | Aug 2024(PY) (£) | |
| INCOME | ||
| Concerts income | 8,869.75 | 7,264.82 |
| Donations and legacies | 39,611.67 | 4,267.36 |
| Instrument Hire | 30.00 | 30.00 |
| Interest Received | 322.84 | 311.19 |
| Music Centre Fee | 18,540.00 | 16,475.00 |
| Sales | 448.00 | (1.00) |
| Satellite Clubs | 100.00 | 320.00 |
| Tour income | 453.50 | 25,243.46 |
| Tuck Shop Sales | 2,444.78 | 2,513.56 |
| Total Income | 70,820.54 | 56,424.39 |
| COST OF SALES | ||
| Cost of sales | 525.00 | 0.00 |
| Tuck Shop costs | 1,185.21 | 1,296.21 |
| Total Cost of Sales | 1,710.21 | 1,296.21 |
| TOTAL | 69,110.33 | 55,128.18 |
| EXPENDITURE | ||
| Advertising/Promotional | 10.00 | 486.50 |
| Bank Charges | 23.96 | 28.17 |
| Computer Costs | 783.15 | 566.07 |
| Concert Expenses | 439.01 | 330.91 |
| Instrument Insurance | 0.00 | 646.80 |
| Instrument Purchases | 383.28 | 1,501.65 |
| Miscellaneous Expenses | 578.35 | 369.12 |
| Music Purchases | 17.90 | 234.38 |
| Office/General Administrative Expenses | 0.00 | 16.99 |
| Phone Costs | 47.88 | 47.88 |
| Printing, Postage and Stationery | 145.79 | 237.15 |
| Raising funds | 2,400.00 | 0.00 |
| Rent - All venues | 16,587.00 | 652.50 |
| Staff costs | 37,490.12 | 36,083.41 |
| Tour Payments | 0.00 | 21,499.65 |
| Training | 235.00 | 300.00 |
| Total Expenditure | 59,141.44 | 64,131.86 |
| NET OPERATING INCOME/(EXPENDITURE) | 9,968.89 | (9,003.68) |
| NET INCOME/(EXPENDITURE) | 9,968.89 | (9,003.68) |
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Bank balances
Balance held at year-end
| Cash Held PayPal Saving / Reserve account Current account Total Current liabilities Total current liabilities Total net assets Cash funds are split between Restricted Unrestricted Total Cash movement over the financial year Opening Bank Balances Income and Expenditure result (page 6) Closing Bank Balance |
2025 £ 0.00 0.00 35,442.33 329.36 35,771.69 32.67 35,739.02 10,360.73 25,410.96 35,771.69 25,770.13 9,968.89 35,739.02 |
2024 £ 0.00 0.00 20,619.49 5,150.64 |
|---|---|---|
| 25,770.13 | ||
| 0.00 | ||
| 25,770.13 | ||
| 9,907.23 15,862.90 |
||
| 25,770.13 | ||
| 34,773.81 (9,003.68) 25,770.13 |
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Notes to the accounts
| 1) Donations, Grants & Subsidies Gift aid received Other income Arts Council England SLA grant received TOTAL |
2025 4,593.67 1,018.00 34,000.00 39,611.67 |
2024 4,167.36 100.00 0.00 |
|---|---|---|
| 4,267.36 |
2) Assets for own use
SEDMC own a variety of instruments which are used in the delivery of our music programme throughout the year. These are insured to the value of £77k.
3) Creditors
| 3) Creditors | ||
|---|---|---|
| Rent for use of Kirk Hallam Community | ||
| Academy, | 0.00 | 8,307.00 |
| 4) Debtors | ||
| Arts Council England grant (payment date | ||
| moved). | 0.00 | 17,000.00 |
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Glossary of terms
Receipt & Payment accounts
Receipt and payment accounts contain a summary of money received and spent during the period. Usually, this lists cash received and cash spent either as transactions through bank accounts or by cash in hand.
Bank Funds
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds earmarked by the trustees for a particular purpose.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by a donor or when funds are raised for specific purposes.
Creditors
These are amounts owed by the charity but not paid during the accounting period.
Debtors
These are amounts owned to the charity but not received in the accounting period.
Prepayments
These are services that the charity has paid for in advance but not used during the accounting period.
Cash basis of accounting (Cash Method)
SEDMC adopts this method of financial reporting for its annual accounts submission to the Charity Commission. It is a simple method of record keeping. No prepayments, accrued income or expenses, no debtors or creditors in the balance sheet. The finance report is purely cash received and paid within the financial year. Notes to the accounts are for informational use and are not shown in the balance sheet of the Cash Method.
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