THE BRITISH SUZUKI MUSIC ASSOCIATION REPORT AND UNAUDITED AccouKrs FOR THE YEAR ENDED 31 AUGUST 2025 THE BRITISH SUZUKI MUSIC ASSOCIATION CONTENTS Page Legal and admini8lrative infomwtion Trustees. report Independent Examinerfs report Statement of financial actiwties Balance shèet 10 Notes lo the accounts 11-15 THE 8RmsH SUZUKI MUSIC ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2025 Constitution The British Suzuki Music Association is a CIO and a regislered chanty govemed by its memorandum and articles of association. Charity number 278￿5. DiTOCtors and Trustees The directors of the ¢harilable company I'the chariWI a￿ its truslees for the purpose of charity law nd throughout this report are collectively referred to as the trustees. The directors and trustees serving dvring the year and since the yegr end were as follchvs: Trustee8 and Exècu Michelle Bernard. Hannah Biss Ichalrl. Helen Brunn8r' Lauren Cannon" Lirong Chen CFA ACA" Teresa Chlck Paola De Carolls. Sue Flnn. Commlttee Dlrectors of Tralnln Director of Violin.. Director of Piano.. Director of Cello.. Director of Recorder.. ourse8: Heather Clem$￿, Mysie Ferguson. Margaret Parkin Anna Sibley Ellen Martn Nancy Daty Offlc8 Staff: Secrotary: Ragl$tor•d Offlce Nickie Chapman Paola Decarolis Unit C Q Wesl 1110 Greal West Road Brenttord TW8 OGP Bankers CAF (Charitie5 Aid Foundation) 25 Kings Hill Avenue West Malling Kent mEl9￿K Independent Examlner Martin Wood FCA FCCA Gross Klein Wood - Chartered Certified Accountsnts 26b Tesla Court Innovation Way Peterborough PE2 6FL British Suzuki Music Assoclatlon Trustees. Report for the year ended 31st August 2025 Princ5 al alm5 and activities The prfncipal objects of the British Suzuki Music Ass￿l8t10n (-8SMA-) are lo advance education in the art and science of music by the promotion of the methods of education developed by Dr Shinichi Suzuki with pa￿'cUlar reference to the musical education of children in the United Kingdom.. We continue lo operate in accordanGe with those charitable objects. The Suzuki teaching method developed in Japan by Shinichi Suzuki 15 fouDde(l on the belief that 8very child can leam and emphasises the advantagès of providing an environment in which every child's ability can flourish. An early stsrt for the child at three or four years old, with a qualified Suzukl teather and the involvement of parents in daily practice, step by step learning. repetition, group lessons and listening all contribute to the success of Suzuki teaching. The main focus of the 8SMA is on teacher tralning. We ￿rrentty hold part-time courses In violin, viola, piano. cello. flute. recorder an¢J brass whieh lead lo the Certificate and Diploma of the European Suzuki Association. Additional courses are held for trained teachers. There are also short courses. emonslralion days and meetings for parents. As the national aSSoc(a￿on. the BSMA is the umbrella organisalion for trained teachers and Iheir students throughout the UK. The 8SMA promotes the Suzuki approach by providing informatlon lo the public 8nd the media. Members reeeive the annual BSMA journal Ability. Repertoire and publlcatlons are available from the BSMA bookshop at a discount for members. Even15 are held around the country, including Concerts, workshops and conferences. Funds and donations provide stholarships and bursarie5 lor teacher Iraining. The BSMA also maintains links with other Suzuki organlsallon$ throughout the world, including the European Suzuki Association and International Suzuki Association. anl$atlon The BSMA Is a Charitable Incorporated Organisation and registered as a chaiity in October 2020. The Executive Committee Iwhith indudes the Trusiees of the charity) con￿$1$ mainly of Suzukl teachers and parents.11 is responsible for governance and ￿lIcY makillg. The School Committee. a standing committee of qualified teachers and teacher trainers from various parts of the country, has an important advisory role. The Chalr of the School Commitlee is also an elected member of the Executive Committee. The School Committee advises the Executive Committee on policie5 relating to teacher training and implements the BSMA policy In the regular organisalion of teacher training courses. The directors of the principal teacher training courses are ex officio members of the School Committee. Sub-committees are also sel up from lime to time to report to the School Committee or the Executive Committee. The day.to-day management of Ihe BSMA is undertaken by full time slAff at the BSMA office. Volunteers. many of them members of the committees, also play an important rolB in individual projects. Membership of the BSMA is largely made up ol Suzuki teachers and pupils. families but is also open lo anyone with a general interest in music educabon. British Suzuki Muslc Association Trustees, Report for the year ended 31st August 2025 To enable wider public access to the benefits of a music educatlon, the BSMA continues to take its Suzuki leaching into Local Authority schi)ols on the basis of a heavily subsidised membership arrangement. 11 also makes a number of bursary awards annually to deserving trainee teachers. In addition, all BSMA concerts a￿ open to the wblic with seats priced below norrnal commercial levels. Flnancial results for the ear During the year ended 31 Augusl 2025. the BSMA generated total incoming resourc8s of £345.159 12024.. £314,067). Membership subscriptions increased to £140,310 {2024.- £103,650), reflecting continued growth in both family and teacher memberships. Donations received amounted lo £43.750 12024.. £30.8601, including support from the London Suzuki Group, the Greys Charltsble Trust, the WCC County Fund and the Richmond Foundation. Events income tolalled £65,20512024.' £85.804). wth the reduction rellecting the absence of a major gala event during the year. Teacher Iraining fees were £59,59212024= £64.6561 and music and literature sales rose to £35.969 <2024: £27.516). Total resourrR5 expended were £356,198 {2024.. £306,675)- Salaries and nalional insurance rose to £82,73212024.' £65,938) primarily due lo additional staffing. Events expenditure increased lo £115,061 12024.. £69,065). driven by the costs of the National Suzuki Workshop venue and re18ted activities. Offlce and communications costs were £70.64612024'. £66,659). The net result for the year was a deficrt of £11.039 (2024.. surplus of £7.3921. In ad¢Yition, a prfor perioé adjustment of £108,074 was made to correct the brought lo￿ard unrestricted funds, resulting In lolal funds carried forward 01 £94,811 12024.. £213,926). Short lem deposits and cash at bank, together with cash inve5trnenl, al 31 August 2025 were £69,95712024.' £119.281 }- Investffl8nt oll The policy is to invest monies which are surplus to immediate requirements in Suitsble investment fund5. Restricted scholarshi fund During the year, the Trustees reviewed the restricted scholarship funds held by the chadty. The Trustees concluded that the original purpose of these funds had been satisfied and that there was no continuing restriction over their use. Accordingly, the balance of the restricted scholarship funds has been transferred lo unreslricled funds. The Trvslees a￿ salisfied Ihal this treatment reflects the substance of the original restriction and the current posibon of the charity. Rgserves Polic The general fund is considered to be a prudent reserve to gwe (x)nfidence in the futijre of the BSMA for teacher training and to encourage more pupils lo study by the Suzuki method. British Suzuki Music Associatlon Trustees, Report for the year ended 31st August 2025 Accountin and re ortin res onsibilities The Iruslees are responsible for preparing the Tnjstees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. including FRS 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland. The law applicable to charitie5 in England and Wales requires the Iruslees to prepare finanaal stalements for each financial year which give a true and fair wew of the s18te of aff8irs of the charity and of ils incoming resources and application of resources for that peri(xl. In preparing these financial statemen15. the trustees are required lo.. select suitable accounting policies and apply Ihem consistently., observe the methods and principles In the Charities SORP (FRS 102>., make judgements and estimates that are reasonable and prudent.. slate whether applicable UK Accounting Standards have been followed, subject to any mal8ri81 departures disclosed and explained in th8 financial statements., and prepare the financial ststements on th8 going-eoncern basis unless il is inappropriate to presume that the charity will continue in operabon. The trustee5 ar8 responsible for keeping proper accounting records that dlselose with reasonable accuracy at any lime the financial posrtion of the charity and enable them to ansure that the financi81 statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the charity's constitution. The trustees are also responsible for safeguarding the assets of Ihe charity and for taking Teasonable steps for the prevention and detection of fraud and oth&r irregularities. Approved by Ihè ExeGutfve Committee of the BSMA on 18th May 2026 and signed on Its behalf by Slgned= Hannah Blss Chair of the Trustees 181h May 2026 Signed.. Llrong Chen Treasurer 181h May 2026 INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF BRITISH SUZUKI MUSIC ASSOCIATION CIO I report lo the trustees on my examination of the ac(￿jnIS of British Suzuki Music Association CIO for the year ended 31 August 2025, which are set out on pages 8 to 15 Responslbillties and basis of report As Ihe charity trustees of Ihe CIO, you are resFKsnsible for the preparation of the accounts In accordance with the requirements of Ihe Charities Act 2011. I report In respect of my examination of the CIO'S accounts carried out under section 145 of the Charities Act 2011. In carrying out my examinab"on. I have fdlowed all applicable Directions given by the Charity Commission under section 14515)Ibl of the Charthes Act 2011. Independgnt examIne￿$ statemènt Since the charity's gross income exceeded £250,000, I conffimi that l am qualified to undertake the examination by b8ing a Fellow of the Institute of Chartered Accountants in England and Wales ané a Fellow of the Associatson of Chartered Certrfied Accountants. I have completed rny examinalion. I confirm that no material mallers have wrne lo my allenlion. in connectlon with the exarninalion, which give me cause lo believe that. in any material respect.. accountSng records wgrg not kept in accordance wilh section 130 of the Charities Act 2011,. or 2. the 8ccounts do not a¢cord wth thosg records,. or 3. the accounts do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities IAc¢ounts and Reports) Regulations 2008, other than any requirement that the a¢¢oun15 give a true and lair view, which is not a matter considered as part of an independent examination. I hav& no ¢oncems and have come acro which allenllon should be drawn i this accounts to reached. s no other matters in connection with the examinatlon to in order to enable a proper understanding of the Signed: Jus Martln Wood FCA FCCA Gross Kleln ood Chartorgd Certified Accountants 26b Tesla Court. Innovatlon Way. Peterborough PE2 6FL IDalel IC M. . THE BRITISH suzuia MUSIC ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 INCOMING RESOURCES Incomlng Resources from fund5 generated Investment Income 166 231 Voluntary Income Donations 43.750 30,860 Membership subscriptions 140,310 103,650 IncomSng resources from Charltable actlvltles Teacher training fees Events 59.592 64,656 85,804 65,205 35,969 167 Muslc and Ilteralure sales 27,516 Income from journals 1,350 Total Incomln9 Resour¢fr$ 345.159 314,067 RESOURCES EXPENDED Costs of generatlng voluntary Income Salaries and national insurance 82.732 65,938 Office and communications 70.646 66,659 Depreciation Costs of actlvltle8 for generating fvnds Journal 5,740 3,886 Charitable actlvltles Teacher training costs Events 71,014 115,061 85,144 69,065 Music and literature 3,805 Bursaries 1,533 1.947 THE BRITISH SUZUKI MUSIC ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Governance costs ESA and ISA membership costs Committee and AGM cosls 9,472 10,231 Total Resources Expended 356.198 306,675 Net incomlng resources (11,039) 7,392 Prior period adlustrnent to opening unreslri¢ted fund$ (108.076} Total Funds brought forward at 1 Septemb8r 213.926 206,534 Total Funds carrfed fopward at 31 August 94,811 213,926 There were no recognized gains or losses other than those stated above. THE BRITISH SUZUKI MUSIC ASSOCIATION BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Notes FIXED ASSETS Tangible Fixed Assets CURRENT ASSETS Stock 1,10 900 985 Debtors 34,385 69,957 109,994 Short lem éeposlts and ¢ash at bank Total current assets 119.281 105,242 230,260 Creditors.. amounts falling due wthin on8 year 10.431 16,334 N•t Curr•nt Ass8ts 94,811 213.926 Net Assets less Ilabllltles 94,811 213,926 FUNDS Unrestricted general funds Restricte(i scholarship fijnds Total Funds 94,811 205,534 8,392 213.926 94,811 Approved by the Trustees on IDATE] Llrong Chen Trustee The notes on pages 11-15 foryn part of these accounts 10 THE BRITISH SUZUKI MUSIC ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 1. Accounting Pollclès The following accounting policies hav8 been used consistently in dealing with items which are considered material in relation to the financial slatements. a) Basls of preparation of ac¢ounts The financial slaternenls have been prepared under the hlstorical cost convention and comply with the Companies Act 1985. The financial statements have been prepared in accordance wilh Ststemenl of Recommended Practice {SORPI, 'Accounting and Reporting by Charities.. Statement of recommended practice. published in March 2005 and applicable accounting stsndards. Where appropriate comparative figures have been reststed. b) Fund accountlng Unrestricted funds are available for use 8t Ihe discretlon of the Trustees in fijrtherance of the charitable objectives of the 8SI. Restricted scholarship funds are fLtnds subject to specific reslricts'ons imposed by donors. c) Incomlng rè$ourGoS All income is accounted for as soon as the BSI has entltlem&nt to the income and there Is certalnty of rec8iPt and the amount is quantifiable. dl Members subscrlptSon8 and events & conferences Subscriptions and events are accounted for in the year lo which they apply. Subscription income received during the year that relates lo a subsequent financial accountsng pariod Is carried forward as a credltor in the balance sheel and shown as defetted Incom8. el Resourcès exponded All expenditure 1$ aGGounted for on an accruals basis and has been listed under headings that aggregate all the costs related to Ihal activity. Resources expended on stsff and office and communications costs are not allocated behveen cost categories. as any apportionment would be rbllrary given the small si2e of the office. Govemance costs are those incurred In eonnection with the management of BSI'S assets, org8nisational adrninistralion and compliance with constilulional and stalutory requlrements. f) Flxed assets Assets intended to be of ongoing use to BSI in carrying out its aclivities are capitalised as fixed assets. Depreciation Is charged on tangible fixed assets al Ihe following rates. so as to write them off over their expected useful lives.. Office equipment 10tyA of cost per annum- Computer equipment and software 20% of cost per annum,. Website design 25% of cosl per annum. g) Glft Aid In December 2002 the Inland Revenue confimed thal all categories of membership would be eligible for lax relief under the Gift Aid Scheme. Incoming resources from tax reclaims are included in the SOFA at the same time as the grft to whith they relate. h) Stock Stocks of music and literature are held at the I0￿r of cost or net realisable value. ThE BRITISH SUZUKI MUSIC ASSOCIATION NOTES TO THE ACCOUNTS Icontinuedl l) Investments Investments are valued al market value at the accounts date. 2. Payments to Trustees Payments to Trustees and families for their seNices as teathers and examin8rs were.. 2025 2024 Hannah Bis5 371 2,107 Paola de Carolis 510 Helen Brunner 496 267 Jane Panter Sug Finn 622 294 The rate of remuneration Is Ihe same for non-TnJslee teachers and examiners. None of the Trustees receive remuneration for their seNlces as trustees. 3. Salarles and natlonal Insur•n¢o 2025 2024 Wages and Salades National Insurance 68.916 e1,700 11,557 2,589 1,649 Pension Costs 2,259 82,732 65,938 The average nurnber ol ernployees during the year was 2 {2024'. 11. No employee eamed more th8n £60,OC(I during the year 12024.. 01. 12 THE BRITISH SUZUKI MUSIC ASSOCIATION NOTES TO THE ACCOUNTS (contlnued) 4. Office and communicatlons expenditure 2025 2024 Legal and Professional fees Rent. rates. light and heating Stationery. equipment and copying P05t and telephone Insurance 42.277 48,014 3,299 1,048 3.205 2,441 2,893 3,454 Website Expenses Staff travel and welfare 7.199 5,953 336 1.949 Subscriptions and seminars Bank Charges 247 274 9,578 5,139 70,646 66,659 5. Cash and Investmènt8 2025 2024 Investments 8s at 1 Sep Net additions l (wlhdrawals) Investments as at 31 Aug Cash and bank as al 31 Aug Short temi deposlts and ¢a$h at bank 2,584 2.350 2,584 2.350 67,373 116,931 69,957 119,281 The investrnents of the BSMA are held in COIF Charity Funds. which are Investment funds managed by CCLA Investment Management. 6. Reserves Restrlcted scholar5hlp fund and scholarshlps 2025 2024 Stholarshlp fvnd al 1 September Transfer to general fund Scholarship fund at 31 August 8.392 8,392 (8,392> 8,392 13 THE BRITISH SUZUKI MUSIC ASSOCIATION NOTES TO ThE ACCOUNTS Icontinued) General Fund 2025 2024 Balance as al I Seplember Reduction in general fund Transfer from restricted scholarship fund SuTplus I (Deficit) Balance as at 31 August 205.534 (108.0761 8,392 198.142 {11,0391 94,811 7.392 205,534 Tolal Fund5 a5 at 31 August 94,811 205,534 7. Flxed A88•t8 Fixtures & Flttlngs Total 2025 Total 2024 Cost Opening Ba18nce at 1 Seplember Additions Closing Balance 8t 31 August Dopr8clatlon Opening Balance at 1 Septernber Closing Balance at 31 August Net Book Value Opening BalanGe at 1 September Closing Balance at 31 August 8. Debtors 2025 2024 Trade Debtors 21,014 109,994 Prepayments Gift Aid 13.371 34,385 109,994 14 THE BRITISH SUZUKI MUSIC ASSOCIATION NOTES TO THE ACCOUNTS (continued) 9. Crgditoys 2025 2024 Trade Creditors 1,130 16,334 Accruals and deferred income 9,301 10,431 16,334 10. Stock Stock comprises goods for resale. 2025 2024 Stock of muslc. literature and merchandlse 900 985 15