## **W A V E S M U S I C T H E R A P Y** **A N N U A L R E P O R T** J U L Y 2 0 2 4 - J U N E 2 0 2 5 ## **Waves Music Therapy** Charity number 1194782 TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 June 2025 ## **Trustees:** th Kanwaljit Sachdeva- resigned 30 September 2024 Paul Finnett- resigned 30th September 2024 Michelle Garner- resigned 30th September 2024 Jessica Searle- Chair Julian O’Kelly- acting chair- 1st October 2024 Chimmy Ngoma- 1st October 2024 Matthew Lonsdale- 1st October 2024 Adil Siganporia- 1st October 2024 th Emma Alexandra- March 19 2025 ## **Address:** Waves Music Therapy 22 The Drive East Preston Littlehampton West Sussex BN16 1QL ## **CEO:** ## **Independent Examiner:** Philip Woodgate FCCA Victoria Hartkemeyer Woodgate Accounting Services Ltd **Financial Lead:** Unit Ruth Spencer 43, Newhaven Enterprise Centre, **Clinical Lead:** Newhaven, Hazel Child East Sussex **Funding lead:** BN9 9BA Anna Macken ## **Chair of Trustees** ## **Letter from the Chair of Trustees:** It has been a privilege to serve as Interim Chair of Trustees during my first year with Waves Music Therapy. I have been continually inspired by the dedication, creativity, and compassion of our music therapists, leadership team, volunteers, and fellow trustees. Together, we are truly Making Waves; transforming lives through the power of music. As children’s mental health becomes a national priority and the NHS shifts toward integrated neighbourhood health models, Waves is perfectly positioned to contribute meaningfully. Our mission is to provide music therapy where and when it’s needed most. This resonates strongly with current efforts to reduce health and educational inequalities. And finally a massive thanks to every member of the Waves community; our staff, volunteers, partners, and supporters. Your passion and commitment are the heartbeat of this charity. . **Julian O’Kelly** ACTING CHAIR OF TRUSTEES ## **Our new board of Trustees** After three years as Trustees of Waves Music Therapy, Kanwaljit Sachdeva (chair), Michelle Garner and Paul Finnett stepped down from their roles with Waves in 2024. Having been with the charity since its move from CIC to full charity status in 2021, Kanwaljit, Paul and Michelle oversaw a period of rapid growth, strengthened governance and significant organisational change. Jessica Searle, took on the role of Chair of trustees and Waves began the recruitment of a new Board. **----- Start of picture text -----**
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It is a real credit to the work of the team since 2021 that Waves was able to attract and engage an exceptional Board of Trustees from 2024 onwards. We welcomed Dr. Julian O’Kelly, music therapist and senior NHS clinician; Chimmy Ngoma, corporate professional and mental health advocate; Adil Siganporia, forensic accountant; and Matthew Lonsdale, accomplished advertising executive. In Spring 2025, we welcomed Emma Alexandra, development lead at Teenage Cancer Trust, to the Board, following a longstanding relationship with Waves that made trusteeship a natural progression. This ambitious, talented and experienced board are focused on developing the charity and ensure we continue to Make Waves. **----- Start of picture text -----**
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## **Trustee Annual Report** ## **WAVES MUSIC THERAPY TRUSTEE ANNUAL REPORT.** ## **Year ended June 30th 2025** The Trustees present their report and financial statements for the year ended 30 June 2025. ## **WHO WE ARE** Waves Music Therapy is an ambitious, female led, fast growing charity working across the South-East. In 2024-2025 we had a team of 17 HCPCregistered, music therapists and music practitioners who endeavour to provide the highest standard of music therapy provision. We are musicians who use our therapeutic tool kit, clinically recognised psychological interventions and creativity to connect and communicate with our service users in the way that is appropriate for them and their needs. Waves provides music therapy sessions to individuals with a range of complex additional needs including social, emotional, mental health, trauma, physical, communication and learning needs. Our work provides opportunity for meaningful relationship building, self-expression, creativity and communication, reduces stress and anxiety, all of which leads to improved confidence and self-esteem, emotional well-being and growth. ## **Our mission** ## **OUR MISSION:** Our mission is to enable any person, with any additional need, who seeks to engage in clinical music therapy with our qualified, HCPC registered therapists, to be able to do so. The charity will work across the county of West Sussex to ensure that there are no barriers to accessing the service and will use our funds to support our clients to engage in music therapy. Waves Music Therapy provides individual and group clinical music therapy sessions for any person with any additional need who will benefit from a safe, accessible therapeutic space. Music therapy supports the social, emotional, mental health, communication, learning and physical needs of our service users with the objective of improving well being and quality of life. The Trustees are aware of Charity Commission guidance on public benefit reporting as set out in Section 17 of the Charities Act 2011. They believe Waves Music Therapy fulfils a fundamental public benefit by: “For the public benefit, the relief of those in need by reason of physical and mental health, ill health, disability or social disadvantage through providing clinical music therapy by HCPC registered therapists with the overall objective of improving quality of life.” ## **A look at 2024-25** - 10% increase in the number of different clients who accessed regular 1:1 music - therapy sessions, music groups and rap workshops. - 44% increase in hours of group work (rap, immersive, music therapy) - 60% increase in delivery of one-off workshops - rap, music, song-writing, - New trustees board welcomed in September 2024 - Our volunteer Sue Goacher joined the team in October 2024 - Charity of the year- Ham Manor Golf Club - Welcome to patron Olly Hite and continued work wth Chesney Hawkes - Community engagement including hosting VAAC networking day, SALT fundraiser, Ham Manor picnic, Chestnut Tree House memorial day - Local support- Hargreaves, Leconsfield Singers at Arundel Cathedral - Beneficiaries of the 1st Energy Market Dinner at Merchant Taylors’, London - 3rd annual Conference held on Sept 21st 2024 - Residencies at Beatz in the City and Victorious festivals - Our CEO visited University Iowa Music Therapy department NICU units. - New clinical music therapists- Orla Gardner and Sarah Price - Blue Billboard created promotional digital content for Waves ## **Energy Market Dinner** ## **Major Fundraising event for our legacy fund- The Toby Project** The inaugural Energy Market Dinner raising Funds for The Toby Project at Waves Music Therapy was held at Merchant Taylors’ Hall in The City on July nd 2 2024. The JNRC (Joint Natural Resource Committee) chose to support our legacy fund, The Toby Project, founded in 2021 in memory of Toby Finnett who was tragically killed in a boating accident. The fund supports young people age 11-16 through music therapy and workshops. The Toby Project honours Toby Finnett’s legacy by fully funding music therapy and creative workshops for children and young people facing complex trauma and emotional challenges, offering expression, resilience and healing through music The total raised at the charity dinner was an impressive £16,888 making the total raised with The Toby Project legacy fund in 2024-2025 **£30,155,** During this same period Toby’s Fund funded over 650 hours of music therapy sessions and music groups. All in Toby’s name. ## **Festivals 2024** Summer 2024 was a big celebration for Waves. Although the majority of clinical work pauses for the summer, we are still busy in our communities, running events and awareness raising In August 2024 we were absolutely thrilled to be invited for a 3 day residency at Victorious Festival. As part of the curated spoken Arts Parlour, Waves delivered rap workshops with our practitioner Louie LeVack and live music sessions with practitioner Mike Fry. We had performers across all 3 days and importantly met many families who engaged with our work and learned how music therapy can support children, young people and vulnerable people in need. Waves were also grateful to SALT beach cafe in East Preston for hosting a summer charity day with live DJs, raising awareness in our local community. ## **Events and partners** Our 3rd annual conference was hosted by our charity partner Ham Manor and we welcomed 26 music therapists for a day of learning, collaborating and connecting. Key note from Ben Knight , practical from Mike Fry, a presentation on the relevance of play in music therapy from therapist Lizzy Coulson and a workshop on supportive music and imagery from Helen Wallace-Bell made for a rich day of connection Our tenure as Lady Captain’s charity of the year at Ham Manor Golf Club came to an end in November 2024, raising over £3150 for The Toby Project at Waves. A beautiful evening at the impressive Arundel Cathedral raised £950 for music therapy work. It was a real privilege to hear Handel’s Messiah in such incredible surroundings. ## **The numbers** ## **Increasing Our Reach** 10% increase in the number of different clients who accessed regular 1:1 music therapy sessions, music groups and rap workshops, and in the no of hours of delivery 44% increase in hours of group work (rap, immersive, music therapy), which resulted in a lot more client/hours than the previous year 60% increase in delivery of one-off workshops - rap, music, song-writing, and more face to face contact with whole families at outreach events. ## **Primary Diagnosis/Reason for Referral** Many of our clients have multiple diagnoses. The chart below shows the primary reason referral to clinical music therapy, rap and immersive music sessions. ## **The numbers** ## **Breakdown of Ages of service users** **----- Start of picture text -----**
Breakdown of hours of delivery:1:1s/ Groups / Rap
Workshops
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## **Note from the CEO** The 2024–2025 financial year was an incredibly exciting one for Waves. Welcoming an ambitious, experienced Board of Trustees has brought fresh thinking, strong governance and real momentum, helping to shape the next chapter of the charity. We saw Waves’ profile grow through key moments such as our inaugural Energy Market Dinner and a three-day residency at Victorious Festival, both reflecting the creativity and energy that sit at the heart of our work. Demand for our services continued to rise, and we were proud to expand our team with additional clinical music therapists and community music practitioners. This growth ensures we remain ambitious, forward-thinking and able to deliver high-quality, accessible music therapy where it is needed most. ## **Victoria Hartkemeyer** FOUNDER/CEO ## **Financial Review** Total income for the year ended 30 June 2025 was £234,059, comprising 56% therapy sales, 26% grants, and 18% donations. Less than 10% of therapy delivered was funded by private individuals and families; the majority was accessed through support we helped secure, including social services, pupil premium, charities, Virtual School, direct payments, grants, and Toby’s Fund. Total expenditure was £211,150, with at least 85% spent directly on music therapy and workshop delivery. To support people at their point of need, including assisting with session costs, Waves seeks grant funding for both programme delivery and core operating costs, while working towards reserves covering 3–6 months of commitments. Restricted income may only be used for purposes specified by funders. We also had designated funds, raised for specific projects. At 30 June 2025, restricted funds totalled £11,420: - National Lottery Community Fund: £8,473 - Chalk Trust: £1,680 Souter Charitable Trust: £1,267 Designated funds totalled £34,271: - Toby Finnett Project Fund: £21,264 - Red Balloon: £13,007 We also held deferred income of £22,148 from restricted grants: - Sussex Police Commissioner: £4,800 - King Charles III Charitable Foundation: £2,500 ASDA Foundation: £1,000 - St James Place – Solent Foundation: £1,000 - National Foundation for Youth Music – Trailblazer Fund: £12,848 ## **Financial Review** ## **FINANCIAL REVIEW** As part of the year end process the Trustees reviewed and updated the charity’s Reserves Policy. It was agreed that the charity would maintain free reserves because: it has no endowment funding and is entirely dependent on income funding from year to year, which is inevitably subject to fluctuation, and it requires protection against, and the ability to continue operating despite catastrophic or lesser but damaging events. To this end, Waves Music Therapy aims to accumulate reserves equal to 3 to 6 months' unrestricted expenditure. At the end of June 2025 our unrestricted general funds were £64,345, which represents just under 5 months of unrestricted expenditure. Signed by ## Julian O’Kelly Julian O’Kelly, Acting Chair of Trustees ## **Governance** ## **GOVERNANCE, STRUCTURE, AND MANAGEMENT** Waves Music Therapy registered as a Charitable Incorporated Organisation on 14 June 2021. The charity is governed under its Constitution. The Trustees have a responsibility to ensure that all aspects of the charity’s activities are properly conducted and carried out in full compliance with its Constitution. All Trustees give their time voluntarily and receive no benefits from the charity. No expenses were claimed by any Trustee during the year. ## Board of Trustees Jessica Searle Chair of Trustees. - Julian O’Kelly. interim chair (Maternity cover). Safeguarding and policies lead. Chimmy Ngoma - Matthew Lonsdale - Emma Alexandra - Adil Siganporia- Finance ## CEO - Victoria Hartkemeyer. As a music therapist and founder of the charity, she is best placed to continue to drive the charity forward. She reports to the board of Trustees. ## CORE TEAM - Hazel Child takes clinical leadership responsibility, working closely with therapists. Hazel and the core team report to Victoria and the board. - Ruth Spencer has the role of Finance lead, focusing on the delivery of projects supported by grants and overseeing the spending of each. Anna Macken leads on fundraising. The Trustees undertook training in trusteeship roles and governance and NSPCC safeguarding for trustees. ## **Governance** ## **GOVERNANCE, STRUCTURE, AND MANAGEMENT** The Trustees are appointed under the terms of the Constitution. Each new Trustee is given a copy of the Constitution, details of their responsibilities as a charity trustee, contact details of fellow Trustees and core team, background on the charity’s strategy and current projects and other information useful in pursuing their role. New Trustees are recruited in consultation with the CEO to ensure that the requisite skills are available to support the charity’s activities. The Trustees provide governance and develop policy for the charity and accept ultimate legal authority for it. The Trustees formulate and regularly review the long- and short-term strategic aims of the charity as well as setting specific goals and priorities. The Trustees approve budgets and are responsible for the good stewardship of the charity’s resources. They work in partnership with the CEO with a view to furthering the charity’s objectives. The Trustees are responsible for preparing the Report of the Trustees (Annual Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). This report was approved by the Board of Trustees on January 15th 2026 and signed on its behalf, by: Julian O’Kelly, Signed by ## Julian O’Kelly Julian O’Kelly. Acting Chair of Trustees Charlty Registratlon No. 1194782 WAVES MUSICTHERAPY CIO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 WAVES MUSIC THERAPY CIO CONTENTS Page Independent examlnerfs report Statement of flnanclal actfvities Balance sheet Notes to ttte Ilnanclal statements 5-16 WAVES MUSICTHERAPY CIO INDEPENDENTEXAMINER'S REPORT TO THE TRUSTEES OF WAVES MUSIC THERAPY I report to the trustees on my examination of the financial statements of Waves Music Therapy (the charity) for the year ended 30 June 2025. Responslblutles and basls ol report As the trustees of the charity you are responsible forthe preparation of ihe financial ststements In accordance with the requiTements ol ihe CfiarliiesAcl 2011 Ilhe 2011 Actl. l Teport in respect of my examination of the charty's financial statements carried out under sectlon 145 of Ihe 2011 Act. In carrying oul my examinaiion I have followed all the applicable Dlrectlons given bythe Charlty Commisslon under sectlon 14515llbl of the 2011 Act. Independent examlner'j stalement Your attention is drawn to the fact Ihat the charity has prepared flnanclal statements In accordance with Accountlng and Reporting by Charities preparing their accounts in accordance wilh the Financial Reportlng Standards applicable in the UK and Republlc of Ireland IFRS 1021. l understand that thls has been done In order tor the tinanclal statements to provide a true and falr view in accordance with GenerallyAccepted Accounting Practlce effective for reporting perlods beglnnlng on or after l January 2015. I have completed my examlnatlon. I contiTm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l accountlng records were nol kepl in respect of the charity as requireo by sectlon 130 ol the 2011 Att: or 2 the financial statements do not accord with those records: or 3 the financial statements do not complywith the applicable requirements concerning the form and content ol accounts set out In the Charilies IAccounts and Reports) Regulations 2008 otherthan any requlrement that the accounls give a true and falrvlew whlch Is not a matter considered as part of an independent examinatlon. WAVES MUSIC THERAPY CIO INDEPENDENT EXAMINER'S REPORT (continued) TOTHE TRUSTEES OFWAVES MUSIC THERAPY I have no concerns and have come across no othef matters in connection with Ihe examinatlon to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Phlllp Woodgale, FCCA Woodgate Accountlng Sepllces Llmlted Unit 43 Newhaven Enterprlse Centre Newhaven East Sussex BN9 98A Dated: 15January2026 WAVES MUSIC THERAPY CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30June 2025 Unrestrlcted Aestrlcted funds funds 2025 2025 Total Unrestrlcted funds 2024 Restrlcled funds 2024 Total 2025 2024 Noles Incomelrom: Donations and legacles Charitable activltles Investments 64.776 130,768 37,072 101,848 130,768 1.443 28.040 104,689 78.983 107,023 104,689 Total Income 196,987 37,072 234,059 133,216 78,983 212,199 Expendlture on: Charllable activllles 157.509 53.641 211.150 113.028 67.964 180.992 Total expendlture 157.509 53.641 211.150 113.028 67.964 180,992 Net Incomellexpendiiurel 39.478 16.569 22.909 20.188 11.019 31.207 Transfers between funds Net movement In funds 39.478 16.569 22.9 20.188 11,019 31.207 Reconclllalloll of funds: Fund balances al l July 2024 59,138 27.989 87,127 38,950 16,970 55,920 Fund balances at 30 June 2025 98.616 11,420 110,036 59.138 27,989 87,127 The statement of linanclal actlvlties includes all galns an¢J losses recognised in the year. All income and expendlture derlve from contlnulng actlvltles. The notes on pages 5 to 16form part of these financial statement$. WAVES MUSIC THERAPY CIO BALANCE SHEET ASAT30JUNE2025 2025 2024 Notes Flxed assels Tangible assets Current assets Debtors Cash at bank and In hand li 16.151 140.152 13,943 93,158 156.303 107.101 Credllors: amounts falllng due wlthln one year 46,267 19,974 Nel current assets 110.036 87.127 Total assets less current Uablulles 110,036 87,127 Net assets 110,036 87,127 The lunds ol the charlty Unresrrlcted funds- General Unrestrlcted ILtnds- Designaled 64.345 34.271 36.920 22,218 Unresticted lunds- Total 15 98,616 59,138 Restrlcted funds 14 11,420 27,989 Total Ilbnds 110,036 87,127 The notes on pages 5 to 16 form part ofthese financial statements. The financial statements were approved bythe tU5tees on 15 January2026. Or ulian O'Kelly A￿l￿gchaIr of Trustees WAVES MUSIC THERAPY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2025 l Accountlng pollcles Charlty Inlormatlon Waves Music Therapy 15 a charitable Incorporated or8anlsats"on. 1.1 Accountln8 conventlon The financial statements have been prepared in accordance with the charitys governing document, the Charltles Act 2011 and'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Siandaid applicable in the UK and Republic ol Ireland IFRS 1021 leffectlve I january 20191". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provlslons In the SORP for charities applying FRS 102 update Bulletln I not to prepare a Statement of Cash Flows. The flnancial statements have departed from the Charities (Accounts and Reports) Regulatlons 2008 onlylo the extent required to provide a true and fairview. This departure has involved following the Statement of Recommended Practice lor charltle5 applying FRS 102 rather than the veTslon of the Siaiement ol recommended Pfactlce which Is referred to In the Regulations but whlch has slnce been withdrawn. The flnanclal statements are prepared in sterilng. which Is the functlonal currency of the charlty. Monetary amounts In these flnanclal statements are rounded to the nearest £. The financial statements have been prepared undeTthe historical cost convention. The proncipal accounting policies adopted are set out below. 1.2 GolngconcerTh At the time of approvlng the financial statements. the trustees have a reasonable expectation that the charity has adequate resources io continue in operational existence fof the foreseeable future Thus the tuslees continue to adopt the going concern basis of accounting in preparlng the financlal ststements. 1.3 Charltable funds Unrestrlcted fun(Js are avaliable for use atthe discretion of the trustees In fur(herance of thelr charitable objectives. WAVES MUSICTHERAPY CIO NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEARENDED30JUNE2025 l Accountlng poUcles- contlnued Restricted funds are subject lo specific conditions by donors oi grantors as to how they may be used, The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to It after any performance conditions have been met. the amounts can be measured reliably, and li Is probable that income will tse received. Donatlons are accounted lor as they are received bythe ch8rlty. Donatlons recelved In the year that retsie to speclfic purposes have been included in restrlcied funds. Grants are recognised on an accrual's basis. accounted foT in felation to the perlod to whlch they relate. Where grants are recelved durlng the year under review but relate to a later perlod, the amount is deferred. Income from contracts is recognised on an earned basis In the year in which the conditlons for recelpl are met. Investment Income Is accounted for on a rece￿able basis. 1.5 Expendlture Expendilure Is recognlsed once ihere Is a legal or constructlve obiigatlon to transfer economlc beneflt to a third party. Expenditure is classified tyactMty and Is allocated to the partlcular actlvitywhere the cost relates directlyto that actNIty. Charitable expendlture comprises those costs Incurred bythe charlty in dellvery of Its actlvlties and Services for its beneficiarles.ll Includes both costs that can be allocated directly to such activltles and those costs of an indirect nature neces5aryto support them. Governance costs intluded as part of the charitable expenditure Includes costs of the preparation and examlnation of the statulory accounts. the costs of trustee's meelings and the cosl of any legal athice to trustees on governance or ¢onstitutional matters. WAVES MUSIC THERAPY CIO NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEARENDED30JUNE2025 2 Crltlcal accountlng estlmates and Judgements In the applicalion of the charltys accountlng pollcles, the trustees are requlred to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The estimate5 and associated assumptions are based on historical experlence and othef factors that are considered to be relevant. Actual results may differ from these estimate5. The estlmates and underlylng assumplions are reviewed on an ongoing basis. Revlslons to attounllng estimaies are recognised in the peilod In which the es1imate Is revlsed where the revislon aflecis only that period. or In Ihe perlod of the revlslon and luture perlods where the revlslon affects both curyent and future perit)ds. WAVES MUSICTHERAPY CIO NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEARENDED30JUNE2025 3 Income trom donatlons and legacles Unrestrlcted Restrlcted funds funds 2025 2025 Total Unre$irlcied Re$trl¢ied funds funds 2024 Total 2025 2024 2024 Donations and legacles Granls receivable 40.776 24.000 64,776 40.776 37.072 61.072 37.072 101,848 22.540 5.500 28,040 22,540 78,983 84,483 78,983 107,023 Grants receivable. included in the above are asfollows: 2025 2024 Chichester District Council Comic Reliel-Groundwork UK Ernest Kleinwort Charitsble Trust Garfleld Weston Haywards Heath Town Councll Klng Baudouln Foundation- UCB Community Health Fund Nalional Foundation ol Youth Music- Trailblazer Fund National Lotterycommunity Fund National Lottery Million Hours Fund Sussex Community Foundation Sussex Partnership NHS Trusl Tesco Foundalion The Albert Hunl Trust The BailyThomas Charitable Fund The Chalk Trust The D'oyly Carte Chariiable Trusi The Souter Charitable Trust Worthing Borough Councll- CIL Project 3.400 9,892 5,000 998 20,000 1.000 16,022 10.486 552 19.875 9,000 8,926 3,067 500 1,537 4,000 5,000 4,800 4,000 2,800 5.510 9,190 61,072 84,483 WAVES MUSIC THERAPY CIO NOTESTO THE FINANCIALSTATEMENTS (CONTINUED) FOR THEYEARENDED30JUNE2025 4 Income from charllabie acllvltSes Unrestrlcted Reslrlcled tunds funds 2025 2025 Tolal UThreslrlcted Restrlcted funds funds 2024 2024 Tolal 2025 2024 Servlce dellvery 130.768 130.768 104,689 104,689 5 Income from Investmenls Unrestrlcted Unrestrlcted funds funds 2025 2024 Inteiest recelvable 1.443 487 Expendtture on Charllabie acllvltles Charltable acllvltles 2025 Charltable acllvllles 2024 Dlrect cost5 Theiapists Equipment Fun(Jralslng Room hire Training Travel and subsistence Sundryexpenses Building costs Volunteer expenses 155,790 140 1,671 1.971 2.264 620 130,125 2,586 1.602 2,346 1,226 270 4,067 71 162,797 143,296 Share of support and governance costs (see note 71 Support Governance 47.054 1.299 211.150 37,144 552 180,992 WAVES MUSICTHERAPY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED30JUNE2025 6 Expendlture on charltable a¢tlvltle$ {conlinuedl Charltable Charltable actlvltles actlvltles 2025 2024 Anolysls bytund Unrestricted funds Restlcted funds 157,509 53,641 211,150 113,028 67.964 180.992 7 Support costs allocated lo acllvltles 2025 2024 Admlnlstratlon Marketing Postage and stationery Insurance IT costs Bank charge5 Governance costs 42,816 2,647 58 331 1.202 35,527 569 45 375 583 45 552 1.299 48,353 37,696 Analysed between: Chailtable actlvities 48.353 37.696 Governance costs includes El.14012024: £5521 for accountancy and independent examlnatlon fees. 8 Net movemenl In lunds 2025 2024 The net movement in funds is stated after charging: Fees payable forthe independent examination of the charitys financial statements 1,140 552 io- WAVES MUSIC THERAPY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 30JUNE2025 9 Truslees None ol the trustees lor any persons connected with theml recefved any remuneration or benefits from the charity during the year. 10 Taxatlon The charity is exempt from laxation on its activities because all its income is applied for charitsble PUTposes. 11 Debtors 2025 2024 Amounts lalllng due wllhln one year. Trade debtors 16,151 13,849 94 Other debtors Prepayments and accfued Income 16,151 13,943 12 Credltors: amounls falllngdue wllhln one year Noles 2025 2024 Deferred income Tra(Je cre(Jitors OtheT creditors Accruals 13 22.148 22.979 19.422 1,140 552 46,267 19,974 li- WAVES MUSIC THERAPY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED30JUNE2025 13 Deferred Income 2025 2024 Arising from Deferred income 22.148 2025 2024 Delerred Intome Is Included wlthln: Current Ilabilities 22.148 Movements in the year.. Delerred income at l July 2024 Released from prevlous perSods Resouices deferred in the year 22,148 Deferred Income at 30 June 2025 22,148 -12- WAVES MUSIC THERAPY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED30JUNE2025 14 Reslrlcled funds The restricted funds ofthe charlty compflse the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to howthey may be used. At l July In¢omlng Resources Transfers At 30 June 2024 Resources Expended 2025 Adur Dlstrlct Council Worthlng Borough Councll Comic Relief- Groundwork UK Sussex Community Foundatlon Nalional Lollery Million Hours Fund National Lotterycommunlty Fund National Foundalion of Youth Muslc Worthlng Borough Council- CIL The D'olycarte Charlty Sussex Partnership NHS Trust Klng Baudouin Foundalion- UCB The Bally Thomas Charitsble Trust The Chalk Trust The Souter Charilable Trust Haywards Heath Town Councll 3.591 3.592 3,954 740 2.203 3.591 3,592 4,952 740 2.203 11.402 2.614 7,630 1.980 998- 19.875 552 5,510 8.473 2,062 2,120 1,980 1,412 2.815 3.520 1,537 2,815 3.520 3.120 1,533 1,000 4,800 2.800 1,000 1.680 1.267 27,989 37,072 53,641 11,420 -13- WAVES MUSIC THERAPY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED30JUNE 2025 14 Restrlcted lunds {conllnuedl The restricted funds of the charity comprlse the unexpended balances of donations and grants held on trust subject to specific conditions ty donors a5 lo how they may be used. Prevlous year: At l July Incomlng Resources Tran￿er$ At 30 June 2023 Re$ource$ Expended 2024 Adur Dlstrlct Councll Worthing Borough Councll Comic Relief- Groun¢thvork UK Sklpton Bullding Society Sussex CommunityFoundatio Natlonal Lottery Milllon Hours Fund National Foundation of Youth Music Chichesler District Councll Worthlng Borough Councll. CIL The D'olycarte Charity Sussex Partnership NHS Trust King Baudouin Foundation - UC8 The 8ally Thomas Charitable Trust 3,591 3,592 3,954 1,398 10,928 2,000 8,186 6.797 8,424 3,400 7.070 2,020 1,655 13,207 1,480 9.892 2.000 8,926 9.000 10,486 3,400 9,190 4,000 3,067 16.022 5,000 740 2.203 2.062 2.120 1,980 1,412 2.815 3.520 16.970 78,983 67,964 27,989 -14- WAVES MUSIC THERAPY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED30JUNE 2025 IS UnrestrScted lunds The unrestrlcted funds of Ihe charity comprlse the unexpended balances of donatlons and grants which are not subject to specific conditionsby donors and grantors as to how they may be used. These include designated funds which have been sel aside oul of unrestricted funds bythe tfustees lor specific purposes. At l July Incomlng Resources Transfers At 30 June 2024 Resources Expended 2025 Tobysfund Red Balloon General lunds 22,218 30,155 17.100 149.732 31.109 4,093 122.307 21,264 13,007 64.345 36.920 59.138 196.987 157.509 98,616 Prevlou$ year: At l July Incomlng Resources Transfers Al 30 June 2023 Resources Expended 2024 Toby's fund Re(J Balloon General funds 21.527 12.069 . 11,378 22,218 17,423 121.147 101,650 36,920 38,950 133,216 113.028 59,138 15- WAVES MUSIC THERAPY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30JUNE 2025 16 Analysls of net asseis between funds Unrestrlcted Reslrlcted Total funds 2025 funds 2025 At 30 June 2025: Tangible assets Current assetsllliabilitiesl 98,616 11,420 110.036 98.616 11,420 110,036 Per balance sheel B¥lan¢e to allocate Unrestrlcted funds 2024 Restrlcted funds 2024 Total AI 30 June 2024: Tangible assets Current asselsllllabllltlesl 59.138 27,989 87.127 59,138 27,989 87,127 17 Related party transactlons There were no disclosable related patytransactions durlng the year12024.' nonel. -16-