Music24 (Registered charity, number 1182196) Financial statements for the year ended 31 March 2023 Page Contents Trustees, annual report Independent examiner's report Receipts & payments account Statement of assets & liabilities Notes to the accounts 9-11 capLUS COMMUNIIY ACCOUNTING Music24 Trustees, annual report for the year ended 31 March 2023 Full name Music24 Organisation type Charitable Incorporated Organisation Registered charity number 1182196 Principal address The Greenhouse Hub 16-22 St Thomas Road Luton LU2 7UY Trustees Thomas William Morley Johnson Tra￿Y Brennan, Chair (from 2710612023) lan Begg (from 0311012023) John Ley (from 0210812022) Diana Pook (until 0110612023) Julia Claire Renton (until 0311012023) Independent examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG15GL Governance and management The charity is operated under the rules of its CIO foundation constitution adopted 19th February 2019, last amended on 14th June 2022. The methods adopted for the recruitment and appointment of new trustees The trustees of the Charity follow the Charity Commission guidance on the methods adopted for the recruitment and appointment of new trustees. Music24 has introduced a 'co-opt' structure which allows prospective trustees to attend meetings in order to learn about the charity and see if the opportunity is one they wish to pursue. The co-opted members can attend meetings but are non-voting members. They may have a specialist interest and support the Board in an advisory capacity. It can also be used for trustees that wish to step down from the full responsibility of being a trustee for the charity but still wish to support the Board and the charity's development. This model is popular with people that have caring responsibilities and other commitments. Music24 Objectives and activities 11 The relief of need for the people in particular but not exclusively in Bedfordshire and Hertfordshire by reason of ill-health or mental or physical disability by therapeutic means, in particular, though not exclusively, by the provision of music therapy and other music related activities to improve quality of life for those people. 2) To promote social inclusion among people who are socially excluded from society, as a result of their mental or physical ill-health or disability through the development and delivery of arts-based activities and experiences including but not limited to music and singing. Summary of the main activities undertaken for the public benefit Music24 is dedicated to promoting inclusive music making and shaping the future for vulnerable and isolated communities to access creative andlor therapeutic opportunities. Music24 currently provides various services and activities for people in Bedfordshire & HertFordshire. Our main areas in Bedfordshire are.. Luton, Bedford, Biggleswade & Leighton Buzzard,. and in Hertfordshire.. Watford, WelwynlHaffield, Stevenage and Broxbourne. Our activities included creative music therapy groups and 1=1 music therapy, community choirs and singing cafes. The support provided improves the quality of life for people with disabilities, their carers, and the wider community. The activities help to improve participants, physical, mental and emotional wellbeing,. building resilience within these communities- they would otherwise be excluded from meeting new people and accessing music and other creative opportunities, and these activities strengthen wider social support ne￿OrkS. Public benefit statement The activities provided improve the quality of life for people with disabilities, their carers, and the wider community. The activities help to improve participants, physical, mental and emotional wellbeing,. building resilience within these communities., they would otherwise be excluded from meeting new people and accessing music and other creative opportunities, and these activities strengthen wider social support networks. The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit,. Music24 Summary of the main achievements during the period The Trustees are pleased to report on the continuing success of Music24. Music24 has grown at a substantial rate over this financial year and looks fotward to an exciting future aheadl The year focused on establishing our support seNices further, promoting the charity more and strategising to secure the future of Music24. During this year, we incorporated the NHS'S '5 Ways to Wellbeing, in a questionnaire format because we felt it to be more suitable as a tool to evaluate all our work and for the various levels of ability amongst our beneficiary base. Feedback from this suggests that our services continue to support people in a number of ways= improved physical, mental and emotional wellbeing., improved quality of life- increased participants, self-esteem and reinforced their sense of identity., provided an opportunity for people to explore their creativity,. helped people to feel a part of their community- improved people's support network,. and helped to build resilience by discovering new coping mechanisms. This year has seen the charity develop more strategically with a view of creating conditions that support security for the longer term future of the charity. This involved the management team implementing a CRM system and seeking more substantial and longer-term funding. We are delighted to say that in November 2022, we learned that we had been successful in becoming an Arts Council England National Portfolio Organisation (ACE NPO). This will provide Music24 with 3 years, core funding, from April 2023 - 2026. to develop the charity, with oulcomes and outputs focused in Luton. It should be noted that Luton is seen as a 'Priority Place, by ACE and therefore has been historically underfunded. Therefore, ACE aim to prioritise engagement and investment in this area. Becoming an ACE NPO will also greatly enhance our reputation and give us more influence in the creative and cultural landscape of the town and beyond, placing us finmly in a leadership role, helping us to raise awareness of Disability within the Arts. Highlights.. Attaining ACE NPO status, in order to preserve the charity for the future and maintain and develop our level of activity in Luton. This will further support the charity to remain ambitious and think bigger. Our team is becoming more resOur￿fUl, having employed a part-time admin assistant. We've enrolled as an employer and now have 5 employees on PAYE and 13 freelance staff. Our volunteer support has now also grown considerably and we have 35 active supporters. We continued to hold an annual 'Dementia-friendly Carol Service, in Hatfield with community support, partners and sponsors. Over the year, in addition to our ongoing work, we began five new community projects., one Learning Disability group (Stevenage), two mental health groups {Welwyn Garden City & Bedford}, and two singing cafés (Leighton Buzzard & Cheshunt). We also ran a series of Wellbeing sessions across Bedfordshire focusing on providing educational short-term programmes in Emotional Freedom Techniques (EFT, aka 'tapping'), Sound Baths and Music. Music24 Implementing a CRM system and developing more robust processes to assist future development. This has assisted us in incorporating a case managemenureferral system and enables us to develop the fundraising efforts of the charity more effectively. The Trustees wish to thank those who attend, and those who enable those individuals to attend. We would like to thank the senior management, music therapists, session musicians and volunteers for all their continued hard work and dedication, especially during these difficult last few years. Lastly, we'd like to thank our funders, without which none of our work would be possible - thank you for helping us to help others. The charity's policy on reserves Music24 aims to build reserves so it keeps a minimum of 3 months running costs to provide more security for the charity. Music24 is pleased to report that we have built upon our previous year's unrestricted reserves, but realises the need to build them further in 2023-24. As of 31st March 2023, Music24 has £47,755 in unrestricted fund. Risks The Trustees recognise that Music24 has a number of financial risks. We now have 5 employees on PAYE and 12 freelancers. We have secured long-term funding and ensure financial governance is of high importance. However, due to the adaptability of the charity and with a focus on our development over the coming years, we plan to review financial controls on a regular basis as the charity grows with the aim of avoiding potential risks. As a result of ACE NPO investment, we now adhere to robust quarterly reports and are accountable for any significant dIfferen￿S in budgeting and forecasting. Music24 has grown at a substantial rate in the last few years and we are aware that the funding landscape is changing rapidly. Implementing our new CRM system is supporting the charity in becoming more fundraising-focused and we continue to develop opportunities to increase our earned income, enabling us to diversify and become more self-sufficient. Signed on behalf of the charity's trustees.. Signed Thomas William Date 1010112024 orley Johnson, Trustee Independent examiner's report to the trustees of Music24 for the year ended 31 March 2023 I report to the trustees on my examination of the accounts of Music24 (the charity) for the year ended 31 March 2023. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b} of the Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of the charity as required by section 130 of the Act., or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Signed John O'Brien Msc, FCCA, FCIE Employee of Community Accounting Plus Date 1610112024 Music24 Receipts & payments account for the year ended 31 March 2023 2022 Total 2023 Totsl Funds Unrestrlctsd Restrlctsd Funds Funds Funds Note Receipts Grants & Donations Earned income Fundraising Totsl receipts 206546 6887 11554 224987 43270 11940 16246 71456 103588 146858 11940 16246 175044 103588 Payments Accounti ng SOf￿are Costs Advertising & Promotional Bank Charges Computer Costs Consultancy DBS Checking Legal and Professional Fees Insurances Marketi ng Musical Equipment Office & General Admin Expenses Phone Costs Project Management Raising Funds Refreshments Rent and Room Hire Salaries, Nl & Pensions Sessional Fees Storage Subscriptions Supervision Travel & Accommodation Freelance Workers Staff Costs Website Sundry expenditure Totsl payments 187 133 280 396 113 1323 1295 311 844 413 900 306 304 536 280 514 113 2715 3683 311 894 629 2180 1490 304 536 2350 1127 1059 20425 64858 42445 118 399 4303 165 1420 627 3537 1816 310 502 7991 183 358 8427 720 1392 2388 50 216 1280 1184 2350 1127 1059 300 27733 2363 20125 37125 40082 1622 498 920 7247 80812 275 1334 1185 11272 732 340 252 54993 275 1994 17346 50395 1807 340 257 218327 660 16161 39123 1075 295 759 123231 163334 101756 37112 Net receiptsl(payments) Cash furKJs at start of this period Transfers be￿een funds Cash funds at end of this period 16463 38402 7110 47755 (59746) (43283) 100466 138868 7110 47830 138868 95585 Music24 Statement of assets and liabilities at 31 March 2023 2022 2023 Cash assets Bank accounts Cash in hand Note 138530 338 138868 95456 129 95585 Other monetary assets Debtors & PrepayTnents 2802 2802 8988 8988 Assets retained for the charity's own use General equipment. Drums, purchased 1610712021, £645 Amplifier, purchased 0410212022, £585 Speaker and mics, purchased 3010612022, cost £576 Liabilities Creditors 804 (804) 2403 (2403) These financial statements are a¢￿pted on behalf of the charity by.. Signed Tracey Brennan, Trustee Dated 10101 /2024 Music24 Notes to the accounts for the year ended 31 March 2023 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money re￿iVed and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand. 2. Grants & donations Unrestricted Restricted Total BLCF LLrton Recovery Fund HCC HCF Dayopps Co-op 22-23 Luton BoroLoh Council HCF - Large 2022 Comic Relief 2022 Mount Trust Childwick Trust Harpur Trust HCF Buildirg Life Chan￿S Whitbread 2022 (BLCF) Gale Family Trust Captain Tom NHS Grant Biggleswade Town Council Magic Little Grants Gift Aid Sundry grants & donations 18000 16050 12968 10990 10000 9500 5000 5000 4780 4224 2000 2000 1500 500 500 18000 16050 12968 11990 10000 9500 5000 5000 4780 4224 2000 2000 1500 500 500 4016 38830 146858 1000 4016 38254 43270 576 103588 Music24 3. Funds analysis Opening balance Receipts (Payments) Transfers Closng balance Restricted funds Luton Luton- Mental Health Central Beds - Learning Disability Central Beds - Neuro-disability Central Beds- Singing Café Bedford - Mental Heatth Herts- Dementia Herts- Learning Disability Herts- Mental Health Herts- SingirrfJ Café Outreach - Education Outreach - Training M24- Project oVert￿adS 27513 4924 358 1365 2000 23000 9750 4622 2464 2389 4780 15250 9722 5750 13083 {45675) {11567) (4261) (4734) (3882) (4673) {30575) (6896) (4892) {11234) (21823) (1947) 11175 {163334) 4838 3107 719 (905) 507 107 2294 10326 858 11452 6734 7793 17619 7500 9603 28557 9740 1027 3038 100466 103588 7110 7110 47830 Unrestricted funds General 38402 38402 71456 71456 54993 7110 (54993) (7110 47755 47755 The specific purposes for which the funds are to be applied are as follows.. Luton - The purpose of this fund is to support all of our Servi￿ provision in Luton, including working with Dementia in groups and 1=1, Mental Health & Learning Disabilities. We pay for facilitator fees, room hire, volunteer expenses and staff travel. Mental Health- for our creative music project, Mind Our Music, supporting people with various mental health conditions. Learning Disability - The purpose for this fund is the provision of a service for adults with a learning disability. We pay for development of the service, promotion and marketing, facilitator fees, room hire, volunteer expenses and staff travel. Neuro-disability- for our project, The Neurotones Choir, supporting people with various neurological conditions, such as Stroke and Parkinsons. Singing Café- for our project supporting people with who are elderlylfrail and socially isolated. Dementia - Funds for a dementia seNice are used to run a music therapy group. Facilitator fees, room hire, volunteer expenses and staff travel. 10 Music24 Education - for our educational programme, The Wellbeing Sessions, supporting people with various mental health conditions, health professionals and the general public. Training - for our training programme supporting health and social care professionals. Project Overheads - This fund supports various overheads and expenditure that supports the running of the charity. This includes project management and admin fees, storage, accountancy and consultancy fees and general Offi￿ expenses. The transfer from the General fund to the M24- Project Overheads is to cover deficits on these activities. Central Beds - Neuro-disability funding is in deficit at the year*nd due to an element of the funding being received in arrears. 4. Debtors & Prepayments Earned Income Prepayment- Insuran Prepayment- Data Management System 8359 53 576 8988 5. Creditors Independent examination fee HMRC Nest 846 1303 254 2403 6. Trustees, remuneration Trustees re￿IVed no expenses, remuneration or benefits in this period. 7. Related party transactions There were no related party transactions in this period. 8. Glossary of terms Creditors: These are amounts owed by the charity, but not paid during the accounting period. Debtors: These are amounts owed 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. Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity. 11