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2025-10-31-accounts

Charity registration number: 1201152

METAL FOR GOOD TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

Metal For Good Contents

Page
Trustees' Report 1—4
Independent Examiner's Report 5
Statement of Financial Activities 6
Comparative Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9—15

Metal For Good

Trustees' Report For The Year Ended 31 October 2025

The trustees present their report and the financial statements for the year ended 31 October 2025.

Objectives and Activities

Aims and Objectives

Metal For Good exists to harness the power of music and the values of the rock and metal community to create positive social change.

Significant Activities

Our principal activity is to provide grants to community groups, charities and non-profit organisations delivering projects that use music to improve mental health and wellbeing, help young people to thrive, and amplify underrepresented voices. These projects reflect the community values of togetherness, individuality, passion, integrity and belonging.

Music has the power to bring people together, build confidence, and provide a sense of identity and connection. Through our grant-making, we support organisations that use this power to improve lives.

Public Benefit

To deliver public benefit, we:

The trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit.

Metal For Good meets these objectives by providing charitable grants to formal groups, charities and other non-profit organisations who deliver projects and services that use music-related activities for social benefit. Projects should also reflect the values of the rock and metal community (defined as togetherness, individuality, passion, integrity and belonging) for positive social change.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

This year has been focused on building momentum, growing income, deepening partnerships, and strengthening the foundations needed to scale our impact.

Key achievements include:

During the year, the charity committed funding to 13 community projects, representing a significant step forward in our grant-making activity. These projects are:

...CONTINUED

Page 1

Metal For Good Trustees' Report (continued) For The Year Ended 31 October 2025

Main Achievements - continued

Our model remains community-powered, with income generated through a diverse range of fundraising activities and our Metal Collective members helping to decide how our funding is distributed.

Impact

Everything we do is driven by a commitment to supporting projects that use music to change lives.

The 13 projects funded this year reflect our core themes of improving mental health, supporting young people, and amplifying underrepresented voices. These organisations deliver a wide range of music-based activities, including workshops, mentoring, performance opportunities and community programmes.

Through this funding, we are supporting individuals who may be experiencing:

Our funding enables these organisations to continue, expand or enhance their work, helping more people to access the benefits of music.

Feedback from previously funded organisations highlights outcomes such as improved confidence, stronger social connections, and increased emotional wellbeing among participants.

“The grant from Metal For Good really made a difference to our work and to the women we support. Throughout the project, we ran 12 choir singing sessions, and the response from our service users was incredible. The women truly enjoyed these sessions. They sang traditional songs from their home countries, songs that reminded them of family, home, and happy times. Some cried, some laughed, and many said the experience helped them release negative emotions and feel lighter afterwards. For a lot of the women, especially those who are migrants or refugees, the sessions had a real impact on their mental wellbeing and emotional stability. They felt more relaxed, more confident, and more connected to each other.”

Aman Zanoon - Project Manager, MewSo (previously funded organisation)

We continue to refine our grant-making approach to ensure it is fair, transparent and accessible, and that it reflects the needs of the communities we aim to serve.

Financial Sustainability and Future Plans

The progress made this year has strengthened our ability to grow and increase our impact.

Our priorities moving forward are to:

These steps will support our ambition to increase the scale and reach of our grant-making in future years.

Conclusion

The trustees are proud of the progress made this year. Metal For Good continues to grow as a trusted and impactful charity within the rock and metal community, with strong foundations in place to increase our reach and impact in the years ahead.

Financial Review

Financial Position

Total income grew from £43,279 in 2024 to £57,740 in 2025, an increase of £14,191 (32.8%).

Spend on Charitable Activities increased from £17,665 in 2024 to £59,686 in 2025, an increase of £42,021 (407.8%). This was largely the result of grants to organisations of £21,000 in the year (£nil in 2024).

As a result, net expenditure for the year was £1,946 (2024: net income £25,614).

Total funds at 31 October 2025 are £33,973 (2024 : £35,919). This is made up as follows, Unrestricted £33,973 (2024: £33,641) & Restricted £nil (2024: £2,278).

Page 2

Metal For Good Trustees' Report (continued) For The Year Ended 31 October 2025

Reserves Policy

The Charity’s aim is to distribute the income received in pursuit of its stated charitable aims. The Charity itself has no front line activities and is a funding body. As such the need for any significant reserves is negligible. The stated policy is to ensure that the Charity has sufficient reserves to cover its own operating expenses.

The Trustees feel it is prudent to have at least 12 months of operating costs as Unrestricted Reserves. Over the last two years, this has been less than £1,000 but an Unrestricted Reserve of £1,500 is expected as a minimum.

The balance on the Unrestricted Reserve is also affected on timing of receipts and grants distributed. Much of the income is generated over the summer and autumn months, meaning the Unrestricted Reserves will accumulate towards the year end allowing funding rounds early in the following year.

Structure, Governance and Management

Trustee Selection Methods

Trustees are selected based upon their professional skills to complement those of the existing trustees or replace those of retiring trustees. Current trustees bring their skills and experience from a wide range of professions. All are committed to or experienced in the arts and cultural sector. Board induction involves attending a trustees' interview prior to appointment, meeting the trustees and receiving copies of policies, business plans and accounts. Training needs are continually assessed and implemented as required.

Reference and Administrative Details

Trustees

Lisa Bardsley Richard Blaxill Neil Cossey (resigned 20/03/2026) Nadine Croney Hugh Evans - Chair Keshini Mauree-Bain Nicola Skipwith Jake Tullett Neil Turnham Emma Wallis (appointed 20/03/2026)

Charity Number

1201152

Principal Address

58 Platts Crescent Stourbridge DY8 3YU

Independent Examiner

Matthew Brown CIPFA Adding Value Consultancy Ltd Studio 21, Bluecoat Chambers School Lane Liverpool L1 3BX

Page 3

Metal For Good Trustees' Report (continued) For The Year Ended 31 October 2025

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Hugh Evans

Trustee 4th June 2026

Page 4

Metal For Good Independent Examiner's Report to the Trustees of Metal For Good For The Year Ended 31 October 2025

I report to the trustees on my examination of the accounts of Metal For Good (the Trust) for the year ended 31 October 2025.

Responsibilities and Basis of Report

As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 material 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 Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

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 understanding of the accounts to be reached.

Matthew Brown CIPFA 4th June 2026 Studio 21, Bluecoat Chambers School Lane Liverpool L1 3BX

Page 5

Metal For Good Statement of Financial Activities For The Year Ended 31 October 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
4
Charitable activity
Other trading activities
5
EXPENDITURE ON:
Raising funds
6
Charitable activities:
6
Charitable activity
NET (EXPENDITURE)/INCOME
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
14		 Unrestricted
funds
£
15,777
12,133
29,830		 Restricted
funds
£
-
-
-		 2025
Total funds
£
15,777
12,133
29,830		 2024
Total funds
£
30,954
1,753
10,572
57,740 - 57,740 43,279
(23,489)
(33,919)		 (2,278)
-		 (25,767)
(33,919)		 (16,729)
(936)
(57,408) (2,278) (59,686) (17,665)
332 (2,278) (1,946) 25,614
332
33,641		 (2,278)
2,278		 (1,946)
35,919		 25,614
10,305
33,973 - 33,973 35,919

The notes on pages 9 to 15 form part of these financial statements.

Page 6

Metal For Good Comparative Statement of Financial Activities For The Year Ended 31 October 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
4
Charitable activity
Other trading activities
5
EXPENDITURE ON:
Raising funds
6
Charitable activities:
6
Charitable activity
NET INCOME
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
14		 Unrestricted
funds
£
23,954
1,753
10,572		 Restricted
funds
£
7,000
-
-		 2024
Total funds
£
30,954
1,753
10,572
36,279 7,000 43,279
(12,007)
(936)		 (4,722)
-		 (16,729)
(936)
(12,943) (4,722) (17,665)
23,336 2,278 25,614
23,336
10,305		 2,278
-		 25,614
10,305
33,641 2,278 35,919

The notes on pages 9 to 15 form part of these financial statements.

Page 7

Metal For Good Statement of Financial Position As At 31 October 2025

Notes
CURRENT ASSETS
Stocks
12
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
13
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
14
On behalf of the board		 Unrestricted
funds
£
2,480
32,405		 Restricted
funds
£
-
-		 2025
Total funds
£
2,480
32,405		 2024
Total funds
£
1,824
34,995
34,885
(912)		 -
-		 34,885
(912)		 36,819
(900)
33,973 - 33,973 35,919
33,973 - 33,973 35,919
33,973 - 33,973 35,919
-
33,973		 2,278
33,641
33,973 35,919

Hugh Evans Trustee 4th June 2026

The notes on pages 9 to 15 form part of these financial statements.

Page 8

Metal For Good Notes to the Financial Statements For The Year Ended 31 October 2025

1. General Information

Metal For Good is an unincorporated charity registered with the Charity Commission, registered charity number 1201152. The principal address is 58 Platts Crescent, Stourbridge, DY8 3YU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charity's ability to continue as a going concern.

2.3. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

There are no designated funds.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.4. Incoming Resources

All income is included in the statement of financial activities when the charity is entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Grants receivable

Grants are credited to the Statement of Financial Activities when they are receivable. Grants that are awarded for specific purposes are treated as restricted income.

Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. Where applicable, grants receivable for which cash has not yet been realised are shown as accrued income and is included within debtors. If any grants are received in advance of a period to which they relate, then the amount of the grant, which relates to the future periods is shown as deferred grants and is included within creditors.

Grants where the income is related to performance and specific deliverables are accounted for as the charity earns the right to consideration by its performance.

Commercial Income

Income from commercial trading activities is recognised as earned (as the related goods and services are provided).

Donated goods

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donated assets are included in the accounts at fair value and recognised in a designated Donated Assets Fund and depreciated in line with the charity’s depreciation policy.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Membership subscriptions

The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.

The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.

Page 9

Metal For Good Notes to the Financial Statements (continued) For The Year Ended 31 October 2025

2.5. Resources Expended

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

.
Income from Donations and Legacies
Donations and gifts
Member subscriptions and sponsorships
Grants
Donated goods, facilities and services
Donations and gifts
Member subscriptions and sponsorships
Grants
Donated goods, facilities and services		 Unrestricted
funds
£
11,906
3,871
-
-		 Restricted
funds
£
-
-
-
-		 2025
Total
funds
£
11,906
3,871
-
-
15,777 - 15,777
Unrestricted
funds
£
17,125
1,537
-
5,292		 Restricted
funds
£
-
-
7,000
-		 2024
Total
funds
£
17,125
1,537
7,000
5,292
23,954 7,000 30,954

The following grants are included within the total income from donations and legacies above:

2025 2024
Restricted Restricted
funds funds
£ £
Dr Martens Foundation Grassroot Grant - 7,000

4. Income from Charitable Activities

Page 10

Metal For Good Notes to the Financial Statements (continued) For The Year Ended 31 October 2025

Charitable activity:
Auctions and events
Preloved income
5.
Income from Other Trading Activities
Merchandise
6.
Analysis of Expenditure
Raising funds
Charitable activity
Raising funds
Charitable activity		 Activities
undertaken
directly
(see note 7)
£
25,767
-		 Grant funding
of activities
(see note 8)
£
-
21,000		 2025
Unrestricted
funds
£
5,737
6,396		 2024
Unrestricted
funds
£
1,753
-
12,133 1,753
2025
Unrestricted
funds
£
29,830		 2024
Unrestricted
funds
£
10,572
Support costs
(see note 9)
£
-
12,919		 2025
Total
£
25,767
33,919
25,767 21,000 12,919 59,686
Activities
undertaken
directly
(see note 7)
£
16,729
-		 Support costs
(see note 9)
£
-
936		 2024
Total
£
16,729
936
16,729 936 17,665

Page 11

Metal For Good Notes to the Financial Statements (continued) For The Year Ended 31 October 2025

7.
Direct Costs
Cost of goods sold:
Cost of merchandise
Cost of events
Reallocation from support costs
General administration:
Consultancy fees
Cost of goods sold:
Cost of merchandise
Cost of events
Reallocation from support costs
Other:
Other direct costs
8.
Grants Payable
Charitable activity
Grants paid to institutions, included above, are as follows:
Heads Above The Waves
Multicultural Cumbria
Lancaster Music Festival
Arts Connection
Mewso
Patchwork Studio
Cloth Cat Studios
Scrapyard Studios
Spark The Noise
New Note
Pedestrian		 2025
Grants to
Institutions
£
21,000		 2025
Raising funds
£
12,432
1,853
3,682
7,800
25,767
2024
Raising funds
£
5,489
862
8,843
1,535
16,729
2024
Grants to
Institutions
£
-
2024
£
-
-
-
-
-
-
-
-
-
-
-
...CONTINUED
2025
£
2,000
1,000
3,000
1,000
1,000
2,000
1,000
1,000
1,000
2,000
1,000

Page 12

Metal For Good Notes to the Financial Statements (continued) For The Year Ended 31 October 2025

Shoreham Allstars
Building Circles
9.
Support Costs
General administration:
Software and IT consumables
Insurance
Stationery and printing
Advertising and marketing costs
Website and social media
Subscriptions
Sundry expenses
Volunteers' expenses
Travel costs
Reallocation to direct charitable costs
Governance costs:
Independent examiner's fees
Legal fees
Employee costs:
Project management cost
General administration:
Insurance
Stationery and printing
Advertising and marketing costs
Website and social media
Subscriptions
Sundry expenses
Volunteers' expenses
CRM
Reallocation to direct charitable costs
Governance costs:
Trustees' expenses
Independent examiner's fees		 2,000
3,000		 -
-
21,000 -
2025
Charitable
activity
£
1,512
164
235
135
9,024
1,798
1,575
653
101
(3,682)
924
480
12,919
2024
Charitable
activity
£
2,000
96
72
1,894
2,163
703
60
1,303
552
(8,843)
36
900
936

Page 13

Metal For Good Notes to the Financial Statements (continued) For The Year Ended 31 October 2025

  1. Independent Examiner's Remuneration
10.
Independent Examiner's Remuneration
Independent examination of the financial statements
11.
Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
12.
Stocks
Stock
13.
Creditors: Amounts Falling Due Within One Year
Accruals and deferred income
14.
Movement in Funds
Unrestricted funds
General:
General unrestricted fund
Restricted funds
Dr Martens Foundation Grassroot Grant
Total funds
Unrestricted funds
General:
General unrestricted fund
Restricted funds
Dr Martens Foundation Grassroot Grant
Total funds		 As at 1
November
2024
£
33,641
2,278		 Income
£
57,740
-		 2025
£
924
2025
£
2,480
2025
£
912
Expenditure
£
(57,408)
(2,278)		 2024
£
900
2024
£
1,824
2024
£
900
As at 31
October 2025
£
33,973
-
35,919 57,740 (59,686) 33,973
As at 1
November
2023
£
10,305
-		 Income
£
36,279
7,000		 Expenditure
£
(12,943)
(4,722)		 As at 31
October 2024
£
33,641
2,278
10,305 43,279 (17,665) 35,919

Page 14

Metal For Good Notes to the Financial Statements (continued) For The Year Ended 31 October 2025

The purposes for which the funds are held by the charity are:-

Unrestricted Funds:

Unrestricted Revenue Funds: These funds are held for the meeting of the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.

Restricted Funds:

Dr Martens Foundation Grassroot Grant: The Dr. Martens Foundation exists to support causes that advance social justice. Metal For Good received £7000 to launch a monthly individual giving scheme in March 2024. The grant was in support of internal development costs such as project management and marketing, and to provide match funding for grants awarded following the launch.

15. Transactions with Trustees

No trustee expenses have been incurred.

16. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.

18. Subsidiary Trading Company

In order to separate the commercial trading activities undertaken by the charity form its normal charitable activities, a subsidiary trading company was registered with Comanies House. This subsidiary, Metal For Good Trading Limited, registered number 16051820, was incorporated on 30 October 2024 and has remained dormant since that date.

It is the intention of the trustees to transfer the commercial operations of the charity during the next financial year.

Page 15