REGISTERED COMPANY NIIMBII R: 12776979 (fi IiglAnd and Wales)
REGISTERED CHARITY NUI%(BER.. 1191690
rt ofthe Trust¢cs atad
Unaudit¢d Fitiancial Statements for the Yeai.E￿ded 31 Au
ust 2025
Cl d Music Trust Ltd
DJH Liverpool
3rd Floor P￿￿riG Chambers
11-13 Victoria Street
Liveryool
m￿l￿ty51de
L2 5QQ

trcl d
sic TThist Ltd
Contents of tbc F￿a￿cial Stat¢
for the YeLI' Ettded 31 Au
ust 2025
en
Repbrt of the Thn]stees
I to 4
Independent Examine¢s Report
Statemrttt of FinAncial Activities
Balance Sheet
7 to 8
Casb Flow Statan¢nt
Notes to the C&sh Flow Slalemettt
10
Notes tothe Financia] Statements
11 to 18
DetaÈlEd Statement of Finan¢i&l Activities
19 to 20

d Music TrustLtd
Re ort of the Trustee
foi. the Yeai'Ended 31 Au
st 2025
The trustees who are also directors of the charity for the PUryK>5e5 of the Cotllponies A¢t 2006, p￿sent their rwrt with
the fillancial slalements of tbe charity for the ycar ended 31 Augyst 2025. The tiustees have adopted the provisions of
Accoulllillg 8E]d Reporting by Charities.. Statement of Recomtnended Pra¢ii¢e applicable lo charities preparing their
accounts in accordall¢e with th¢ Financial Rew>itittg Standaixl applicable in the UK aad Republic of Ir¢l&nd {FRS 102)
(effective l January 2019).
Theatr Clwyd Music Tiust is irgisteird as a charitable company limited by guarantee and wa5 set up by a Memorandum
of Association. Tbe charity tt)coipotated 29 July 2020. The chaiity took ovtt the assets aTLd liabilities of
Flintshire Musi¢ Seivsce on l Apiil 2021.
The mBmoraiidum of associatioti established the obje¢ts and powers of the cliaiity and is goveTn¢d under its articles of
association.
Chftir's repoit
Thi5 yeav hss contEnued to see progress with growing pupil numbers and the implementation of the redesigned schools
mod¢l. While the Music Tiiist has ￿￿tillued to operate at a deficit. this has reduced this year alld myself and the tWSt¢¢s
believt rhat the siipport fiDtn ￿ServES and a waiving of the 'n]eatr Clwyd servEct GhaTge has allowed Diirctor, Cath
Sewell, to coJitinu¢ to build a progressive and sustaiDable model fDT a tnodem music strvict. We scc this a5 long temi
investmenL and aim to avoid shoit efficiencies. Wc do ￿ tn]stecs notc that this is not sustainable the longer teiTn
ai)d there is the requiremtnl to huild up resciwcs in thc future. A5 a small ¢harity we are &KtiEmely foitutEat¢ to hav¢ the
support and safrty ftf being & siblill8 of tbe wider Theatr Clwyd ts?ding gr0￿p, and readeT5 should continue to ¢wss
reference these accounts alongside Theatr CIMyd Tnjst Ltd.
Our one to onc atjd group lessons delivewd in schools continue are at the highest numbers since 2020, and despite the
growth itk student numbers, the waitiTLg list is still signifi¢att¢ demonstrating continuin8 demar￿. Recruitment took place
in the suÉnm¢i'to fi￿her build capacity.
Th¢ First Experiences wholc class instwmental tuition progranune cont￿u¢S to he g key are& of deliv&y re&ching 2000
pupils evely year aiid, for the fiiEt time it) 2024r25, tt)tsk place in cvciy pi'imary and specialEst s¢hool in Flintshire. The
length of the First LIxp￿ie￿ce5 progranime has rcduccd to make mort cfficient use of Associates, C[￿]￿￿¢ted tE]ne &iid we
again b1￿ught all the ]wpils to wonder￿1 sharing ¢v¢nts at William Aslon Hall ￿]d Theatr Clwyd, wh¢r¢ they played
alon&gidc pix)fcssional musicialls from BBC NOW alld Sinfonia Cymni. Wt &'e Continue to see the benefits of thc
Wclsh National Plath for Music atld are startsng to Explore ways young people fi￿M all back8rout]ds Vdn runtinu£ their
musical journey.
The backdrop of public finance5 aE)d p&ititularly school budgets, eontinu6s to offtv Signifi￿nI challenge. Fr(Hn
septemb￿ 2024, we havB implemented a new opt-itt model for s¢hools to become Theah. Clwyd Subscrihers. This
model allows for schools to easily budget without the unknown of how many youDg pecple might take up les8ons eacFL
year, but also broadens the offer fi￿1n Theatr Clwyd to inGlude drama, dance, Creative writuw and visual arts as
additioiial offers to our coye music eduGatiDn - making the most of a music trust being vun by a major producing tlieatr¢
and aits celltr¢ whilst also fo¢using OD %upportÈng schoo15 to deliver the new cun'iculujn ill Wal¢s which puts Crcative
Arts in a MO￿ valued position foi. young people's education. We have also bEen able to develop a range of teacher
training with online sessions and in-person network meeting5, It should be noted that the new model meaiis sGhoDls can
access Theatr Clwyd Music le5SOn5 for their young people without paying any conti'ibution. 250/0 of FlintsliiiE 5choo15
ssgned up to the subscription this year alld we hope over tiine th¢ majoi'ity of scknols will subscribe aiid thcrefore ellsure
our fiaan¢ial model foi. Inusic Education is 5USttinable. It rem&ins important that schools continue to seLf-￿nd
instnull&ital or sit]￿Rg lessons for students taking music at GCSE and A-Level.
This ycar we have also storted to develop So￿¢ new opportunities for all oui. sch(x)Is. We rart two S¢h(K>ls' Gig Nights,
invsting banth from Secondary schools to perfomi alongside yout]g musicians from our Theatr Clywd Rock and Pop
groyp. We have also bern d¢v¢loping some very ¢x¢itillg work together with our Iwo Flintshire Sperialist s¢hool4 using
technology to make music more ac¢essible foi. childirn widi Additional L¢aming Needs and disabilities, at]d a number
of music teaffl niembei3 aiE developiNg their practice in this areo. On¢ of the major higblight5 of the yeav was the first
FlintshiiE Sings. which s&w 250 ye&i' l &nd 2 pupils gathei. in the newly reopBtked Thettr Moondance to sing son8S they
had learnt lin English and Welsh) along with a liv¢ bafid-a truly joyous experienct.
Page I

ic Thust LÉd
of lie Ti'ustees
for th¢ YearEnded 31 Au
ust 2025
We continue to 5¢¢ BrO￿h in tsuj. yoiith ensembles, attd as well as the more tradition&1 groups such as string. wind,
thetsry gi￿llp &nd choi13 we have Seen the growth of our guit&r and rock and pop group5 foi. young people o¢r95s this
yeai.. Ai) iinportant way we aiE making learlling an u￿r￿ment MOK acc655ible is opening up our junior ensembles to
complete beginners. We provide instrument and the opportunity lo learn as a group. which has led to the growth of
Ihese groiips.
Our Tri-couttty ensembles contiÈJue to thrive, workillg in partn￿ShIP with Wrexham and Denbighshire Music
Co-opei*tive& culminating in a perfomiancE at The Stiwt. This p￿vId¢S an impoitant pathway for our Moi¢ advanced
young JnusiGiiins, aEJd we're looking fotivard to developillg these in the futUT¢. Wjth further involvement fiDm across
Flortkn Wales.
We fInished thB ye&r witli the partial ieopening of tbe building and, while the regular music sessions not yet taking
place in the space8, there has been a hillt of the exciting times ahe&d with 8 number of concerts and ¢v¢nts t&king pla¢e
Ihis sumtner. including our sellior ensembles paformanoc, Flintshire Sings ond an informal concert for our youiigest
perfO￿n￿$. The move to the buildsng ha5 alTr&dy shaped our plaiis for new ensetnbles, OPPDltuniti¢s for schools, ajjd
cross-art fomi work. Tt will h¢lp to fully Jralise the piteniial for the Musi¢ Twst attd for music's plate as a ￿￿wing part
of Thratr Clwyd's oiEanisational identity.
As ¢ver we are fortunate to have strong funduw relationships with both Flintsbire Covnly CounGil vsa the wider Thcatr
Clyd Cultural Scrvice Agreement. and with Welsh Government via the Nalional Plan for Music. With eollfirrned
continued fvttding for the plan frotn th¢ Welsh Governrnenl we ¢an tontinuc to deliver our high impact work in Mth
east Wa1&8 Until at least MarGh 2028.
Finally, a thank you to th¢ bi"illiantly sktlled Music A5socia¢es who Show such carr ond diligen¢£ wtth their work atid
delivery. to Cath foi. her leadership, and to IMY f¢llow tr115tees who show support, guid&nce, at]d stroEkg goVElTra￿Ce of
Theatr CIMyd Music alonEsid6 thEir own busy PlK)fessional lives.
OBJEcfJvES ATr4D AcfivITIES
Obj¢ettve5 And Ainis
The chatity 15 es&blished to advance cducation in music and other arts, in particular, but not exCI￿5]Ve[y? by providing
workshops and sesSiOJlS to s¢hools &nd the wtder Lx>mmunÈty.
The trustees have gi￿￿ duc con5id¢rntion to the Charity Con]mi55ion guidatJ¢e on the operation of the Public Bctiefit
requirem¢3)ts. Our main activities and wlx) we try to help are described below. All our ¢1￿￿1&b]e aGtiviti¢5 pl￿vide
edutation in music and other aits to schools and tbe widei. commuiisty to enhanG6 lives, and provide support to tlx)se
who may be finan¢ially di8advantaged. All activiti¢5 ar¢ undeitaken to fuitlier our charitable purp)5es fvr the wbli
benefit.
The strategies employed to *hiev¢ the charity's alms and objectiv￿ &r¢ to..
- To offei. a biDad ran8c of Enwic l&ssons on both a group atEd individual level
To stt'ive to make musi¢ as accessible and affoTdable as p05sibl¢
- To fo¢us on developing pathways for young pcoplc andthe wider cornmurtity
FtNANC.IAI. REVIEW
Finarttlal position
TJI￿tr Clwyd Miisit Trugl acknowledge5 the support it re¢eiv¢s frojn Flintshire County CounGiI via th¢ cultural servEces
agre£menÉ it tiolds with Theah. Clwyd Tws¢.
Total incoming r¢souTce5 for the year ended 31 August 2025 was £868,913 (2024.. £794,426).
Income fTOtn gTaTrts foi. the yeaT et]ded 31 August 2025 totalled £432,63912024.-404,333).
Total expenditure for the yearended 31 August 2025 MW £868,913 (2024.. £853.252).
Page 2

Tlieati. Cl d M
ic Trus
ort of the Trustee5
for the Year Ended 31 Au
ust 2025
FllYAIYCIAL REVIEW
ReseTYe5 policy
As at 31 August 202S T12eatr Clwyd Musi¢ Twst Limited has untwlricted futtds not committed oi. invested in tangible
fixed 8ssets of £(857}12024.' £25,168).
The target level of free r¢5erves is 3 months, worth of unrestricted expelldilure, which would accomTrtodate for aT]y
unforeseen ¢hang¢s in incotne s(ream5. Cu￿entlY th¢ levEI of fite rtserves represents O months of unrestrict
expenditure so the targct ha5 noi be¢n achieva in the cunrnt flnancial year.
The IEserves policy Is ￿VieWEd annually when pJrpa¥ing the budget forthe forthcomillg year.
Impact of any mgteriRI pension liRbility on the account5
Employees who ttallsferred under TUPE on 1st April 2021 ￿l￿aIn membei% of the Clwyd Pension Fund ILGPS). At the
point of tronsfer the scheme was closed to new m¢mbers. Und¢r the tetms of our Cultural Service Agreement and the
Business Tran5fei' Drtd ally deficit ari5in¥ frum the pension up to 31 M&rch 2021 remains the rcsponsibility of Flintshire
County Couiicil, From 1st Api'il 2021 FlIntshi￿ County CouttGiI and Th¢atr Clwyd Music Tiust Ltd agre￿ a risk sh4JE
approach in iESP¢Ctof fi]tUif 5ervi¢e and deficit payments.
srRucfuRE, GOVERNANCE AND MANAGEMEwr
Governing document
The Gharity is ctsntrollcd by its govcimillg documertt. a deed of trust, and constitutes a limited comp2ny, limited by
guayantce, as defincd by the Companies Aot 2006.
Organisation91 stiwcture
Tlie board of tiustees of up to 7 members meet 4 tllnes a y￿.ttl administei. the oh&iity.
A DirectorofMusi¢ ks aPPDinted to manage the day to day operdtions of the chaiity.
Related parties
Thc fvll disclosur¢ of all transactions with all recogni5ed relaled parti￿ is found in note 14 of the financial statement5
ftirihe pertod ended 31 August 2025.
IIF,FF.RF.NC.E AND ADMINISTRATtVE DETAILS
Registered COmpH￿Y numb¢r
12776979 (Ertgland and Wales)
Registered CliaTity number
1191690
Regi5tÈred offIce
Theatt. Clwyd
Raik¢5 Lthiie
Mold
Flintshi
CH7 IYA
Truslee5
L T Evan5-Fotd
Ms C H Homaiyl
MsTMvuia
K H ￿'ice
Ms K Deeny
Company Secretary
A Roberts
Page 3

ent LxaÉnit]er's Re
Th. slees of
Theatr Cl d M
sie Trllsl Ltd
Independent cxam5n¢i"s report to tlje ti'ustees Df Theatr Clivyd Musit Trust tkd I'the Compxny,)
I r¢port lo the charity ttu5t¢e8 on tny Examination of the accounts of the Cotnpany foi. the year ended 31 August 2025.
Re5pousibilitits gild b#si5 of report
As the cEiaiiVs tr￿Slee8 of the Comp&tiy18nd also its directors for the purposes of company law) you are responsible for
the prepaiation of the accoullts in accoiylanGeWith the requirements of the CompanÈes Act 2006 Vthe 2006 A¢t').
Ilaving satisfied myself that the accoullts of the Company aiE not JEquiJ'ed to be audited under Part 16 of the 2006 Act
And OIE eligible for indepelldent examination, I irpoit in re5PCCt of Iny ¢xaMination of your charity's accounts as caiTied
oul under S¢¢liotJ 145 of ihe CharitlC5 Act 2011 I'the 2011 Act.). In caiJyin8 Out my cxan}￿atiO￿ I have followed the
Direclions given by thc Charity Commission under Section 145{5) Ibl of the 2011 ACL
IDdep¢ndent examiner's stAtement
Sin¢e your charity's gr055 incorne exceeded £250,000 your examiner must be a m¢mbei' of a listed body. I can confitln
that l att] qualified to undeitake the examination because T am a member of the Itk5titute of Chartered A¢¢ountants in
EDglatJd and Wales, whÉch i5 one of the listed bodies.
I have completed my examination. l ¢onfinn that mattels have come lo my attentÉon in connection with thc
examillation giving m¢ caus¢ to believe..
accountingF fe¢oTds were iiot kept iij Irspect of tht Company as requir¢d by SectiOE) 386 of the 2006 Act. or
the accounts do not accoiTI with those records; or
th6 accounts do not comply with the accouE]ting requirements of Seelian 396 of the 2006 Act other than any
requiiyment that the accounts gEv¢ a tru¢ and f&ir vi¢w whith is not a mattel. considered as part of att indepeDdellt
ex&tnitEation' or
tlir acc(Junt% havc not been prepared in wcordanee witb the methods alld p¥illGipl¢s of the Staten)¢nt of
Recom￿¢￿dea Pra¢ti¢e for accounting and reporting by ¢hariti¢s (8ppli¢able to chai'ities preparing th¢ir acLounts
in ac¢oi"dance w2th the Financi&l Reporting Standai'd applicable ill the UK and Republi¢ uf Ireland IFRS 102)).
I ha￿ no con¢erns and have COEne across no o¢her matteJ3 in tot￿¢¢t￿on witli the ¢xamEnation to which atteDtion should
be dr8wn in this re]x)It in order to ettable a proper undeiEt&ndin8 of thc ac¢ounts to be reached.
Michael Forshaw BA FCA
Tr Institut¢ of Chartered Acc(>untsrtls in Englattd and Wales
DJHLivetpJol
3rd Floor Pacific Chambe]%
11-13 Victoi'ia Street
Liverpool
M¢ts¢ysid¢
L2 5(ya

Theatr Cl
sic Thust Lt
etnenl of Financial Acti
ities
forthe Year Ended 31 A
ust 2025
3k.8,25
Totsil
funds
31.8.24
Total
fullds
Unrestricted
fund
Restricted
futKt
Erldowmellt
fulld
Noles
INCOME AIYD
ENDOWMENfs FROM
Donations dnd legacies
868.913
868.913
792,520
Investment income
Pension scherlle interest
1,159
6.000
I,IS9
1,906
4,000
TotAI
876,072
876,072
798,426
EXPENDtTURE ON
Raising fi)nds
56
Ch&ritable Activltles
Gov¢rnan¢e cost
Charitable activities
Support C051s
7,235
768.766
99,040
7.235
768,766
99,04
7,673
778,285
67,294
Total
875,097
87S097
853,252
NET
INL"UMVIF,XPF.NDITIJRE)
Other rttognised gainslO05ses)
Actuarial gaEiis on defined
benefit schemes
97S
975
{54,8261
171,000
171,000
35.000
Net moven]tnt in funds
171.975
171975
(19,826)
RECOIYCILIATION OF
FUNDS
Total funds brought fonvard
114,168
114.168
133,994
TOTAL FUNDS CARRIED
FORWARD
286.143
286,143
114,168
ThE form pajt of these financi&l 5t&tements
Page 6

Tlieatr Cl d Musi¢
Balaiice S
31.825
Total
fund5
31.8.24
Total
funds
u[￿eStriCted
fi]nd
Restricted
fiind
Endowment
fLmd
Note5
CURRKNT ASSETS
Debtors
Cash at bank
10
134,666
50,698
134,666
S(k,698
38,515
154,269
185J64
185J64
192,784
CREI DITORS
Amounts falling duewithin one
year
(186,221)
{186221)
{167,616)
NEIT CURRENT
ASSETSJ(LIABILITIES)
(8S7)
1857)
25,168
TOTAL ASSETS LESS
CURREIY'I. LIABII,ITIF,S
(857)
(857)
25,168
PENSJON ASSET
13
287,000
287,￿0
89,1)00
NET ASSETS
286.143
280,143
Ik4,168
FUNDS
Unrcstti¢led funds
12
286,143
114.168
TOTAL FUNDS
286,143
114,168
Th¢ charitable company l5 entitled to exemption from audit Under Se(aioo 477 of the Corllpanies A¢t 2006 the year
ended 31 August 2025.
The members have not required the con)pany to obtsin an a￿di1 of ils financial s¢atements for th¢ year ended
31 Aiigust 2025 in accordance witli S¢¢tion 476 ofthe Compani¢5 Act 2{￿6.
The t￿StetS a¢knowledge their re8ponsibililies for
(a)
ensiirit]g that ilir charÉtable compaiky keeps a¢couoting records that comply with Se¢tions 386 and 387 of the
CoTnPitnies Act 2006 and
pirparing financial statemet)ts which give a true and fair view of iht state of affairs of the charitabl6 comp&ny a5
at the ¢nd of each f￿anG[al year and of its surplus or deficit f(y e2ch f￿ancial year in *¢ordan¢e with the
Iwuiremenls of Se¢lions 394 and 395 and which oiheNYise LX)mply witli th6 reqLiiiYments of the Companie8 Act
2006 relating to finallcia] statenients, $0 far as applicable tothe ¢haritable company.
(b)
The notes fomi part of these finat)¢i&l ststements
Pagr 7
continued...

hea
rCI dMusicT
e Tru5t¢es
forthe Year Ended 31 Au
ust2025
REFERENCE AND ADMINISTRATtVE DETAIIS
Indepelldent Exan]iiier
DJHLiverpool
3rd FloorPacific ch￿llbers
11-13 Victori& Street
Livelv(￿l
Mci3cy5id
L2 5QQ
Appn)ved by order of th¢ boaTIE of truste¢s on....................
and signed on its behalf by..
va￿%.Ford- Th￿tee
Page 4

Theatr
I d Music Tr
Balance Sheet- contit)ue
31Au
ust 2025
These financial statements have been prepared in accordanc¢ with the provisions applicable to charitable companies
S￿bJeCt to ihe small companies regiine.
The financial statements were app￿￿ed by the Board of Trustees and autborised for issue
and w¢r¢ Signed an Éts behalf by..
on
vans-Ford- Trust£
The not¢s fomi part of these fJ#allcial statements
Poge 8

The&tr Cl d Music Tnjst Ltd
C sh Flow
ement
orthe Year Ende
lls12025
31.&25
31.8.24
Noks
Casli flows from tsperating 8etivÉtie5
Cash gen6r*ted frorn opei?tio]is
(104,730)
19,923
Net Cash (used inyprovidd by operating a¢tivities
{104,730)
l9,923
Cxsh l]ow8 fi'om investing activities
Inttrcst irceived
1,159
1,906
Net cash provided by i￿vESting activities
1.159
1,906
Change ID cash c*sh equivxlents ID
the reporting periDd
CAsh i'#sli equivalvJJts at tlie
btgiDning of the i'epoiting period
{103,571)
21,829
154J69
132,440
Cash and cash eqiiivHlents #t the end of
tlje reportingpei'iod
50,698
154269
The note5 fom part of these financiil statements
Page 9

rus
Ltd
es
heca
Flow S
foT the Year Ended 31 Au
ement
ust 2025
RECONCILIATION OF NET INCOmEI(EXPEND￿uRL) TO NET CASH FLOW VROF
OPERATING AcfiviTIES
31.825
31.8.24
Net incomel(expendlture) foi. the Yeporling period las per the
Statetnellt of Fil￿￿£1￿] Aetivlti¢s)
Adjustments for..
nteitsl received
Expected r¢tsm on pension SGherne ass¢ts
Intelf5t on ￿13$10￿ soheme liabilities
{tncreas¢ydecreas¢ in debtors
In¢r¢ase in CTeditots
Difference betwecn pensitrn Charge and cash contributions
975
154,8261
(1.159)
(34,1)00)
28,IMIO
(96,151)
18,605
(21,000)
(1,$￿6)
127,000)
23,000
80,939
21.716
122,000)
Net clsh (used in)Iprovided by operAtions
(104.730)
19,923
ANALYSIS OF CHANGES tN NET FUNDS
At 1.9.24
Cash flow
At 31.8.25
Net en$h
Cash at bank
154,269
(103,571)
50,698
IS4269
(103571)
50,698
TotAI
154369
(103,571)
50,698
The note5 form part of these financial statements
Page 10

Theatr Cl d Music Tru
he Financial State
nts
for the Year Ended 31 Au
ust 2025
ACCOUNnNG POLICIES
BASIS Of preparlng tbe fin%nci#l $tat¢ments
The financial stat¢m¢nts of the charitable company, which is a public benefit entity under FRS 102. have been
prepared in accordan¢e with the Chdr&ties SORP (FRS 1021 'A¢countitig and Reporting by Cbarities.. Statetnellt
of Re¢omm¢nded PIHGticr applicable to ¢harities preparing their a¢¢oullts in accordance willi the Financial
Reporti#g Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l JanU￿Y 2019}',
Financial Reporting ￿attdard 102 'Thc Financial Reporting Standard applicable Éli the UK and RepubliG of
Irelartd, 8nd the Companies Act 2006. The financial ststem¢nls have been prepaTrd under thc historical cost
conventioll.
Income
All income is recx)gnised in the Statetn¢nt of FinAnci&l Activitie5 onre the ch&rity haa elltitlement to the ￿nds, it
is prob&ble thatthe in¢ome will b¢ re¢eived and the aTnount¢an b¢ measllred rel2ably.
Expendltyre
Liabilitics are re¢ognised as ¢xpellditure as soott as there is a legal or ¢tsnstru¢tive obligation committing the
chaTity to that expenditu￿, it Is pi'obable that a traThsfei' of economi¢ benefits will be requiitd iti s¢ttl£m¢llt and
the amount of the Obligation can b¢ measured iEliably. Expenditure is accounted for on at) accTua]s basis and has
been classified under headings th2t aggregate all cost related to the category. W]ier¢ ¢osts callnot b¢ diTedly
attributed to PArti¢ular headÉngs they have been allDGated lo activities on a basis consistent with the use of
r&%ources.
ChAI'itable *¢tivÉties
Expenses related to charitable 2Ctivsti¢s, including oveThEad5 and 5alart¢s of tutors. retognised as illcurred
Taxativn
The charity is ￿eMpt from corpDraÈion tax on its ch￿ltable activities.
Fund aoroullting
Unrestricttd ￿rEdS caii be used itt accordance with the ¢hai'itable objectives al the discrctioll ofthe twstees.
Restricted fvttds call only k used for parlicular restrieled pury)oscs within the objects of thE charity. Restrictions
arise when Specifi￿ by the donoi. or whcn funds are raised for particular restricted purpos¢s.
Further explanation tsf the nature atld purpos¢ of each fund is LnGluded in the ￿￿eS to the financial statcments.
Pen51011 Costs And other post-i'etii'ement benÉftt$
The chaiitable Company operale5 3 defincd bcnefit pension scheme. Th¢ d¢fin¢d benefit obligation is calculated
by an independent aGtsiary, based on assumptions such as discount rates, salary giDwih, and life expectattcy. The
present valuc of th¢ obligation is recO￿)iSed on the balatk¢e sheet, with the fair value of plan assets oftsel against
tbE liabilAtie*. The dcfilled beilefit slliplus is limited to the presElll valuE of any eeoTromi¢ benelits available in thc
form of IEfunds froii) the plall or reductions it] future contribuiions as calGulat¢d by the indeP￿Ident artuary.
Pension costs are IE¢ognised the Statement of Fillallcial Activstie5 and in¢lud¢ the current seThice cost, Pgst
service cost, and the net int¢r&4t on the pension liability. ActtiaTial gains and losses are ircognised immediatcly in
the Ststemellt of Financial Activities. Employer contiibutions are ieco8ni5ed as au expellse in the period in which
they are incurred.
Going concern
The truste¢s have cottsidered the 15kcly l¢vel of income and expwditure for the fo]¥seeabl¢ fvture. The Trust¢¢s
Sotisfied that the charity call me¢t its obligation5 as and when thcy fall due. Accordingly* the going ¢on¢¢m
basis of preparation i5 appropriate for thesr fiTwicial statement&.
Pagell
continued...

The
tr Cl d Music T st Ltd
to the Fit
ncial Si leinellts
for the YearEnded 31 Ay
2025
inued
DONATIONS AND LKGACIES
31.8.25
31.8.24
GAnts
I￿ome from lessotts elc
Miscellaneous Encomc
432,639
427,010
9,264
404.334
386,093
2,093
808.913
792.520
Grants received, included in the abov4 are as follows:
31.8.25
31.8.24
Other Grant Inctsme
WG hind1￿£
SLA Incomc
2,193
179.813
250,000
7,333
197,000
200,000
G¥ants
432,006
404.333
INVESTMENT INCOME
31.825
31.8.24
Deposit account inteirs¢
1,159
1,gY>6
RAISING FUNDS
Other trading activities
31.8.25
31.8.24
Bad debts
56
CHARITABLE ACTIVITIES CO
Support
sts (see
note 61
Direct
Costs
Totals
Goveinance cost
Chai'itable activÉties
Support costs
7,23S
66.968
99.040
7235
768,766
99.040
701.798
701,798
173,243
875,041
PagE 12
continued...

Th
ci
L8iC Ti'ust Lid
Not¢5 10
he Fin8nci
I Statemeiil
-con
for the Y¢ai'Ettded 31 Ali
ust 2025
ued
SUPPORT cosrs
Manag￿llent
Finallce
Totals
Govemattce cost
Chaiitsble activities
Support cost5
7,235
9,816
7,235
66,968
99,040
57,152
951,040
156,192
17.051
173343
TRUSTEES, REMUNERATION AM) BENEFITS
There were no (￿￿te¢s, remyn¢i*ion or other bettefits for the yeai. ended 31 August 2025 nor for the year ended
31 August 2024.
Trustees, expenses
There were no trustees, expen5¢S Paid foi the year ended 31 August 2025 nor for the year ended
31 August 2024.
STAFF cosrs
31.&25
31.8.24
Wages and salaiies
Social se¢uYity Costs
Other pension costs
662,401
54,598
78.500
650,49Y
50,077
78,573
795,499
779,140
The aye￿ge monthly llUMb￿. of employees during th¢ yearwa5 as follows..
31.8.25
27
31.8.24
30
Tutors
Admin Staff
30
32
No employees ￿ceIVed emoluments in excess of £60,QOO.
COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTtVlTIES
Unr6stri¢ted
liestTi¢ted
ftjiid
fiknd
Endowmellt
nd
Total
fiJlld5
INCOME AND ENDOWMENTS FROM
DoDatiolls and Irgo¢ies
792,520
792,520
Inv¢stnent income
Pension scheme inteTCSt
1,906
4,000
1,906
4,000
Toknl
798,426
798,426
KXPEITr4DITURE ON
Charitable #ctivilies
Govemance cost
Charitabl¢ a¢tivities
7,673
778285
7,673
778,285
Page 13
continued..

Theatr Cl d M
Ltd
Note
t tel￿ents- ¢ontinu
eaT EndEd 31 Au
ust 2025
COMPARATIVES FOR THE STATCI MEprf OF FINANCIAL AcfiviTEES- continued
Unrestricted
Restt'ictcd
Endowment
fund
fund
fund
Total
funds
Support costs
67,294
67.294
Total
853252
853,252
NET INCOMEI(EXPENDITUREI
Other recognised gain¥10￿$￿s)
A¢￿arial Wdins on defmed benefitsohemes
(54,826)
{54,826)
35,000
35,000
Net movement In fuThds
(19,826)
119,826)
RECONCILbkTION OF fiUNDS
Total funds brought fonvard
133,994
133,994
TOTAL FUNDS CARRIKD FORWARD
114,168
114,168
io.
DEBTORS: AMOUNTS FALLING DUE WJTHIN ONE TrTAR
31.8.25
31.8.24
Tr8de debtors
Prepayments and accrued in¢oJne
33,114
101,552
6.166
32J49
131666
38,515
CREDITORS.. AMOUNTS FALLtNG DUE WITHJN ONE YEAR
31.8.25
31.8.24
Trade creditoi
Accruals and def¢ll￿1 in¢ome
27a72
158,849
8,520
159,096
186321
167,616
12.
MOVEMENT IN FUNDS
Net
movement
in funds
At 1.9.24
AÉ 31.8.25
Unresti'icted funds
GeneEBI fund
114,168
171,975
286,143
TufAL FUNDS
114,168
171,975
286,143
Page 14
Contitl￿ed..

Theatr Cl d Music Tr
o the Firja
ded31 Au
- continued
ust 2025
12.
MOVEiI(ENf IN FUNDS- conttnued
N¢tmoveinent in fvnds, included in the above are as follows..
Incoming
re50UKeS
Gains and
losses
Movement
in fullds
expended
Unrtstricted fund5
General fut
876,072
(875,D97)
171,000
171,975
TUIAL FUNDS
876,072
(875,097)
171.000
171,975
ComparAtlv¢s for movement fuiids
Net
movement
in funds
At l.9.23
At 31.8.24
Unyesti'ieted funds
Gcneral fi)nd
133,994
119,8261
114,168
TOTAL FUNDS
133,994
(19,826)
14,168
ComparatLVE tirt movement in funds, included in the above 8re as follows=
In¢omin8
resources
Resources
expended
Gains 2nd
10$5es
Movement
in fiinds
Unrestrieted funds
Gene¥al fijnd
798.426
1853,252)
35,000
(19.826)
TOTAL FUNDS
798,426
(853.252)
35,000
(19,826)
A rurrent year 12 tnonihs and piioryear 12 month5 Combitted positioD IS as follows..
Net
moveinent
in ￿lId8
At 1.9.23
At31.8.25
Unrestricted funds
General futEd
133.994
152,149
286,143
TOTAL FUNDS
133,994
152,149
286,143
Page 15
continued...

I d MusEc Tnjst
cial Statenien
for the Year Eiid¢d 31 A
ust 2025
in
12.
MOVEMENT IN FUNDS- eontinued
A CUiTellt yEar 12 months and prioi. year 12 months combined net movement it] fi]nds, irjcluded in tlie above aT¢
as follows..
IncomiD8
resouT¢es
Resources
expeThded
GaÈns and
losse5
Movetncnt
in funds
UnYesti'i¢ted funds
General fund
1,674,498
11,72S,349)
206,￿10
152,149
TOTAL FUNDS
1,674,498
11,728.349)
206,000
152,149
13.
EMPLOYEE BENEFfT OBLIGATIONS
The ¢h&iitable co￿PanY Part￿Cipat¢S in tli¢ CIHyd Pension Fund which És a multi-employer scheme És part of
the Local GovcJnmrtLt Pension Scheme ill Englalld and Wales. This is a defined benefit p6tLSIOn scheme for
qiialifying einployees aad the ￿ne￿i$ ar¥ sel iti line with Local Govenunent Pension Scheme Regu18tions.
Benefit8 vary depending the employ¢e's joiTring datc and length of paiti¢ipation iti the Fulld.
The pension c05t aThd pl￿vISion for the yeai. ended 3 1st August 21)25 ore bas¢d on th¢ advice of a professionally
qualified i¢luary. The mosl recent actuarial valuatitsn tq datcd 3 1st August 2025 whieh has been updated to
r¢tlect the collditsons at thE dat¢ of th¢ Statcment of Finall¢ial Position.
The amounts recognised in the Statement of FinanGial Activities &re as follows..
Defined benefit
pensiort pla
31.8.25
31.8.24
Current service cost
Net llltere5¢ froin nel defined benefit
assetlli&bili¢y
Past suvsce cost
Adinini5tr&tion Expense
S9,0
61000
(6,000)
(4,000)
3,000
3,QOO
56,OOQ
61,QOO
Aclual tttuin on plan ￿setS
26,000
59,000
Page 16
eontinued...

Tlieatr Cl d M
sic Trust Ltd
Notes to the F.
teJllents- conti
for the Year EndEd 31 Au
13.
EMPLOTrTB BENEFIT OBLIGATIONS- continued
Changes in the prescllt value of the defiÉLed benefit obligation aTC as follows..
trined benefit
peusion pIxns
31.8.25
31.8.24
Opening defIned knefit obligatio
Cuirent service cost
Contributions by s¢heme participants
Inteiyst wst
Actuarial lossedlgains)
Bellefits paid
544,(M)O
59,000
23.000
28,IMIO
(179,IHJO)
{4,000)
438,000
62.IXIO
25,000
23,lY)O
(4,000)
471,000
544,000
Changes in the faiy value of s¢h¢me assets are as follow5.'
DefEned benefit
pensiotE plaTrs
31.8.25
31.8.24
Opcning fairvalue of scheme assets
Intcrcst on plan assets
Contiibutions by employei.
c(￿trIbutE0￿S by scheme participants
Administr&tiotE expenses
Actuarial gainslllossesl
Bert¢fits paid
633.000
34.DOO
83,000
23,000
13,000)
18,000)
14,000)
466,000
27,000
87,000
25.000
(3,000)
31,000
758,000
633,000
The amounts recogpised in ath¢rr¢¢ognised gains arLd Ios5e5 are as follows:
Defined benefit
Pensio￿ plans
31.8.25
31.8.24
A¢tuarial gaitislllosses)
171,000
35.000
171,000
35,000
Page 17
coJtinued...

icTr
Notes to the Fin2)ncial S
te
for the Yeai'Ended 31 Au
ust 2025
in
13.
EMPLOYEE BENEFIT OBLIGATIONS- eontlnued
The rnajorcategories of scheme assets a5 aEnounts of total 5Ghcmc assets are as follow5..
Defined benefit
pension plAtI$
31.8.25
31.8.24
EqU￿tIeS
hei. Bonds
PIDperty
Cashlliquidity
Othei.
115,000
289,000
31,1]00
23,000
30Q.000
91.000
232,000
27,000
42.000
241,000
758,OOQ
633,000
Principal actuarial ossumptions atthe Balance Shed date (expirssed a5 w6ighted 74VWSI'.
31.8.25
2.50 /0
3.75fjA
2.60•/
&30/.
31.8.24
2.60/0
CPI I CARE revaluation
Increase ill salarfes
Petisiun inoruses
Dis¢ount rale
2.70%
5.OOY¢
Mortallty a&sumption5:
202S
Yeays
2024
Years
Retiring today
Males
Females
23.5
23.5
23.4
23.5
Retiring in 20 yells
Malts
Females
2&3
25.1
25.2
25.3
14.
RELATED PARTY DISCLOSURES
During the year the￿ were amounts paid to Theatr Clwyd TTU5t Ltd of £98 12024.. £906) and Don£ttions mad¢
fiK)in ThEats. Clwyd Trust Ltd to Th¢atr Clwyd Music Trust Ltd of £232,826 (2024: £205,608).
Amoutlts oulstartdillg payable io Theatr Clwyd Trust as at 31sl August 2025 were £nil (2024.. £nil). Amoullts
owed fivm Theatr Clwyd Trust Ltd at tbe ycarend were £nEI12024= £nil).
All transa¢liotL% between ￿lated parties were under normal ￿]￿k¢t coiiditions.
Page 18

IAC
U5t 2025
fol. the Year Ended 31 Au
31.8.25
31.8.24
INCOME AND ENDOWMENTS
Donations And legaeies
Grants
IncoTne fiDtn IcssOll5 etc
Mi5c¢llaneou5 IllCOEll
432,639
427.010
9,264
404,134
386,093
2,093
868,913
792,520
Investmellt income
Deposit account intcrcst
1,159
1,906
Pension scheme interest
ExFcted iEtUll) Oll pet15ion schemc ￿Sets
Inte￿$t on p¢nsion srhEme liabiliti¢s
34,000
{28,0001
27,000
123,0001
6,000
4,000
TotAI ineomillg resources
876,072
798,426
EXPENDITURE
Othei. trAding Activities
Bad debt
56
ChAritable Retivitie5
Wag&
Social s¢cyrity
Pensiolls
SuAdiics
575,$31
46,553
74,375
5J39
592,582
44,166
75,098
11,436
701,798
723,282
Suppot't costs
IAnagellkent
W4ges
Social security
Pen5É0ns
Insijiance
Advertising
Sundri¢s
ExaTll C051s
C.ompuÉei' c¢)sts
Staff welfare
Health and safety
Sundry expettses
Subsci'iptions
Travel costs
Cairi¢d fonvard
86,870
8,045
4,125
3,923
508
426
15,795
12,490
31
57,908
5,911
3,475
3,380
759
9,205
9.914
760
20
456
155
17.819
109,762
454
245
20,980
153,892
This page does ttot fo￿ part of the statutory financial stat¢meJts
P&ge 19

td
ent of Finan¢ial Activities
forth¢ Year Ended 31 Au
ust 2025
31.8.25
31.8.24
Manxgejnellt
Brai￿1 forwai
Entertainment
Advci%isEng
Production and musiciai) fee5
153,892
1,173
450
677
109,762
191
635
2,960
156,192
113,548
VinAne¢
AccoiintaTL¢y, audÈt & legal
Battk charges
7.235
9,816
7,673
7,752
17,051
15.425
Infoi'mAtiOll techRology
Bad debts
997
Total resourees expettded
87SJ197
853,252
r4et income/(expendituJ'e)
975
(54,826)
This page does rx)t foJTh pait of the statutory fjnancial statements
Page 20