Docu￿￿) EnvelopB ￿. 14C587CA.E4DD.803C-8361.A45A71070E5B CHARITY REGISTRATION NUMBER: 1203554 Thinking Muslc Unaudited Flnancial Statements 31 August 2025 Dwus+qn Envglcye 10.. 14C567CA*4DD403C-8361-A45A71070E5B Thlnklng Music Flnanclal Stataments Year ended 31 August 2025 Page Trustees, annual report Independent examiner's report to the trustees Stalemenl of linancial acllvities Slatement of financial position Notes to the financial staternents Docuslgn Envelope ID.. T4C567CA-E4DD403C-8361.A45A71070E5B Thinking Music Truslees. Annual Report Year ended 31 August 2025 The twslees present their report and the unaudited financial statemerts ol the charity tof the year ended 31 August 2025. R•l•rence •nd admlnl8tratlv8 detalls R•gi•l•rod charlty name Thinking Music Ch•rlly r•glstrntlon number 1203554 Prlnclpal offlco Woodborough Manor Woodborough Pewsey SN9 SPL United Klngdorn The Irustses W J Ingram Hlll H Scoll The Ingram Hill Foundallon A Bailey L Biglou OBE Prolessor S Hil*)8rd Indop•ndMI examln•r N J Cadwalladgr FCCA DocusvJn Envek)p8 ID.. 14C567CAE4DD-803C-8361-A45A71070ESB Thinking Music Trustees, Annual Report fconllnu•dJ Year ended 31 August 2025 StNclur•t gov•rnonce and management The Gharily is governed by a Constitution that was adopted on incorporation. This slates that there musl be al least three trustggs. The maxirnum number ol Iruslees is six. Al the year end, Ihgre were 51x Iruslees In olli¢e. Fivg ol thes9 wer8 appointed loi a perlod ol Ihr8e years from Inco￿oratIOn. One la chalilable loundationl was appointed for a period ol two years from Incorporailon. The ITusle8s have a range ol relevant skills and expenence. They include a professor ol music. a lawyer and corporate finance specialist, a former director ol the British Council lor Wesl Africa, a tormer s8nSor industry execullve and two prominent rnuslc educators. The Iruslees meet quarteily, usually via video conlerence, lo dlscuss, Tnonilor and approvg the allairs ol the Charity. The Charity has a Chalr and a Vico-chalr who deal with day-lo-day mallers on behalf ol Ihe Iruslees as they arise. They work closely with the executive team, comprising the Charity's Director, Alice Popplelon, and its Producer. Frances Leilh. Victoria Kane was appointed as the Charitys Adminislralor aller th8 end ol Ihe financial year lo whlch these accounts relate. The Charity's Direclor an(J Producer ensure propel adminislralion and record keeFN'ng lor Ihe Charity. They also oversee the day-to-day opgralions ol the Charlly, organislng the hiring ol venues and professionals Ilaislng with Ihg schools and universllS86 lo Implement the Charlly's objectlves. ObleGtlve8 •nd •cll¥lll•8 The Charily exists lo bulld suslalnablè muslc ècosystems lo enrich Ihe Ilves ol children. particularly in rural areas wherg access lo musical opportunitlas Is olion limited. It connocls primary and hSgher education institutions lo work log@Ih81 through rnusic, linking these vibrant cornmuniligs lo form a long" la51ing relationship whore the children, their teachers and the univgrsily student praclilioners learn and grow together, Gontribuling lo wlder long-lerm cultural enrlchmenl ol soclety. DufSng the 2024-25 financial year, the Charity worked closely wlth sludent practitioners from Brislol University and, lor the IiTsI limg. Royal Holloway Huniversily IRHUI lo deliver the projecl. The 18am wotheé dlreclly with 19 students, four schools and elghl teachers. Through pertormance assgrnbligs, il reached al least 637 children. The Charity's team expanded with the addition ol one workshop leader and one project manager. In this IlnancSal year, RHU came on board as a'pockel. university, providing a number of students who inlegraleé wilh the Bri810l Unlversily dellvery programme. FIHU will te loinSng as a lull participant in the 2025-26 linanclal year. D￿$￿Th Envdope ID.. 14C567W4DD403C-8361.A45A7107QE5B Thinking Music Trustees. Annual Report (conllnuodj Year gnded 31 August 2025 Dellvery, Achbevements and Performance Delivery lo the Universitias and schools lollowed the Charitys established pallern ol a Iiv8-leclure programme lo studenls followed by direct engagement with pupils al parlicipaling primary schools. Ovor the Course ol Ihe academic year, relationships were built betW88n slud8nls and pupils al participating schools. The year culminated ￿th the Charliy's annual festival at the Victoria Rooms kn the UnSversity ol Bristol in which school children, 51udenls, teachers and professionals participated in a p8rformance which show-cased their achievements and success. Data and feedback are are collected on the programme whlch, year-on-year, has demonslraled the positIv8 impact on pupils al rural primary Schools, students and teacher5. In particular, 188dback showgd a subslanlial increase In musical confidence and awareness ollinl8resl in Op￿rtunitieS associated with going to universily. The success tsl the Chailty was recognised al the Music and Drama Education Awards 2024, wherg the Charity was 'Highly Commended" as "Excellent in PrimarylEarly Years" The judges slated that 'Ihis project was innovglive in lorglng links between Universities and schools - to Iheir rnulual b8nelit and they were irnpressed with ils unique approach, commitment and polenlial lor growth" Flnanclal r8vl6w As In the wevious year, the Charily was primarily luntled through the tlnancial year ty The Inoram Hill Foundation Ilhe IHFI. Funding Irom the IHF was scheduled lo scale-down during the 2024-25 linancial year, A new principal lunder, a private loundalion, has been idenlilied which generously started lo contribute funding from the middlè ol the 2024-25 linanGial y9ar. This loundalion has Golnmillgd lo scal8-up ils support during th8 2025-26 financial year. The trustees are exlrernely gratglul both lo Ihe IHF and lo the Charitys new principal lunder lor thelr generosity and SUFPOrt. Bristol University and Royal Holloway University supported with resources, includino support wilh IoGislics and procuring DBS checks lor sluLlenl praclilion8rs, A small amount ol 8UPPOrt was also provided by corporate and Individual sponsors. Each year, Schools are asked lo make a modest, fixed, onlribulion to costs. The Charity's funding was limited lo a slrlcl budget. As planned il was possible lo start lo twild reserves dunno Ihe 2024-25 Iinancial year in line with Ihe Charity's reserves policy. 3016r2026 The Iruslees. annual r8POrt was aFproved on Iruslees by.. and signed on behalf ol Ihe board ol •1ur•dby. E3156TEIJ201UI W J Ingram Hill Chair Dccu51w Env￿8 ID.. 14C567CA*4DD403C4361-A45A71070E5B Thlnklng Muslc Independenl Examlnerfs Report to the Trustees of Thlnklng Music Year ended 31 August 2025 I report lo the truslees on my examination ol the linancial statements ol Thinking Music I'lhe charilVI for the year ended 31 August 2025. R￿pOnsIbIlItIeS and b•&l8 ol roport As tho Iru8teas ol the charlty you arè responsible for the preparation ol the financial stalemenls in accordance with the iequiremenls ol the Gharilies AGI 2011 l'lhg knt'l. I report in respect ol my examination ol the ch8rills financial slalements Ca￿ded out under Section 145 ol the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under seclion 14515llbl ol the Act. Ind•pondont examlner'l •lat•m•nt I have completed my examination. I conllrrn that no malerSal matlgrs have come lo my allgnllon In connectlon ￿th the examination giving rne Gause lo believe Ihal in any material respect.. accounllng records were not kept Sn respect ol th& charity as rèqulred by sectlon 130 01 the the financlal slalernenls do not accord with those records; or tho financial slalornenls do not cornply with the applicable requirements concgrning Ihe lorrn and content ol ac¢oLJnls sg1 ovl in th9 Gharilies (Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a'lrue and lair, view which is not a maller consldeTed as part ol an Sndèpendent examination. I have no concerns and have com& across no other matters sn connecllon wllh the emamlnalion lo which allenlion should be drawn In thi5 report in order lo enabk8 a proper underslanding ol the accounts lo bg rgached. N J Cadwallader FCCA Independent Examiner David CaLlwallader and Co Llmiled Chartered Certllied Accountants Suile 3 Bignell Park 8arns Cheslerlon Nr Bicesler Oxon OX26 1TD 30 Avr* D￿￿$1￿ Envety)e ID.. 14C567CA-E4DD-803C-8361-A45AT1070E5B Thinking Music Statement of Financlal Activilles Year ended 31 August 2025 Period from 14Jun 23 10 31 Aug 24 Year lo 31 Aug 25 Unr851riclgd funds Tot•1 funds Total funds Not• Income and endowments Donations and legacies Total Incomé 59,219 59,219 59,219 42,589 59,219 42,589 Expendltum Expenditure on charilthe activities Tot•1 expondllure 46 42.983 42,983 43,464 43,464 42,983 42,983 Net Incomel(•xyndlture> and net movemenl In tund4 16,236 16.236 18751 Reconclllatlon al lunds Total funds brought lon¥ard Total fund• c#rrl•d forw• 18751 15,361 18751 15,361 18751 The slalemenl ol financial acliwlies includes all gain5 and loss8s recognlsed in Ihe year. All income and expenditure derive from conlinuing activities. The note8 on p•ges 7 to 11 form pjrt of thes• fln8ncr•l Blatern•nt& DOcU￿0n Envelope10.. l4c567cA￿4D0-@03￿686l-A45A710F0ESB Thinking Music Statement of Financial P¢>silion 31 August 2025 2025 2024 Not• Curront •8SOt8 Debtors Cash at bank and in hand 10 4,556 12,582 17,138 Credttors: amounts falllng due wlthln one yéar N81 currenl asset¥ 11 1,777 875 15.361 18751 18751 18751 Tol4148sets less curront Ilabllltlo8 15,361 15,381 Funds ol the charlty Unrgslricled funds 15,361 18751 18751 Total charlty fund# 12 15,361 These financial slalemenls were approved by the board ol Iruslees and authorised Ici Issue on 301612026 and are signe(l on behalf ol the board by.. onidby." W J Ingram Hlll Chalr The noleg on pages 7 10 11 lorm part of these flnanclal 8tsternents. D￿SIgn Env8¥y8 10.. 14C567CA-E4DD-803C4361-A45A71070E58 Thinking Music Noles to the Flnanclal Statements Year ended 31 August 2025 General Infomi*tlon The charity is a public benelil entity and a registered chaTily in England and Wales and is unincorporated. The address ol the principal of1￿9 is Woodborough Manor, Woodborough, Pew58y, Willshire, SN9 5PL. Statement of compll•nce These linancial slalefflenls have been prepared in Compliance with FRS 102, The Financial Reporting Standard appllcable In Ihe UK and the Republic ol Ireland,. the Slalemenl ol Aecommended Practice applicable lo charSties preparing their acGounls in accordance with the Financial Rgporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharities SORP IFRS 10211 and the Charities Aci 2011. Accountlng pollcl•s B••ls ol pr•pJratlon Th8 linancial slalemen15 have been prgparod on the historical cost basis, as m¢>allied by the revaluation ol certain financial assets and liabili118s and investment properlies measured al lair valug Ihrouoh income or expendllure. The linancSal slal8menls are prepared in 51erllng. which Is the luncliond curTenGy ol the entity. Golng concom There are no material uncertain119s about Ihe charills abi1Sly lo conllnu8. Judg•moni• •nd k•y wurce• of •stlmatlon unc8rtalnty The preparallon ol ihe financial slalfjmenls r8quires managem8nl lo make judgements, eslirnales and assumptions that allecl Ihe amounts repoited. These eslimales and judgements are continually reviewed and are based on experience and olher laclors, including expeclalions ol future events that ale believed lo be reasonable under the clrcumslances. Fund accountlng Unreslrlcted funds are available tor use at the di8cretlon ol the Iruslees lo lurthgr any ol the charity's purposes. Designated funds are unreslricled funds earmarked by the trustees lor partleular lulure projeel or commitment. Reslrbclèd funds are sublecled lo reslriclions on Ihelr expenditure declared by the donor or through the terms ol an appeal, and fall into one ol two sub-classe5'. reslri¢ted income lunds or endowmgnt funds. DDrAsign Envelope ID". 14C567CA-E4DD-803C-8361-A45A71070E5B Thinking Music Noles to the Flnanclal Slalements iconllnu8dl Year ended 31 August 2025 Accounllng pollcles (eontlnuod) Incomlng resources All Incoming Tesources are included in the slatgmgnl ol linancial acliviligs vthen eniliiemenl has passed lo Ihe charity- il is probable that the economic benefits associaled with Ihe Iransaction will flow lo the charity and the amount can ￿ ieliably measured. The lollobwng specific policies are applied lo particular categories ol Income.. incorne from donations or grants is recognised when there is evidence ol entillemenl lo the glll, recelpl 18 probable and ils arnounl can bo measured reliably. leGacy Income 18 r8cognis8d when r8ceSpl Is probable and enlitlernenl Is establishèd. ineomé Irom donated goods is measured 81 Ihe lair value ol Ihe goods unless this is impractical to measure reliably, in which case Ihe value is derived from the cost to the donor or the 851imaled resale value. Donated lacililigs and sgrvices are recognlsed in Ihe accounts when received il the valLJe can be reliabty measured. No amounts are included lor the conliibulion ol general vdunleers. income from contracts lor Ihe sutply ol services Ss recognised with the dellv8ry ol the conlraeled service. This 1$ classified as unreslricled funds unless ther8 is a contractual requirement lor il lo be spgnl on a particular purpose and returned il unspgnl, in which case 11 may be regarded as reslrlGled. Resourc•8 •xp•nd•d Expandilure is recognised on an accruals basis as a liability is incurred. Expènditure includes any VAT which cannot be lully recovered, and is classified under headings ol the statement cl Ilnanclal activities lo which it relates: expend￿ture on ralslng funds Includes thè costs ol all lurklraising aclSvilies, events, non- charitable trading aclivllies, and Ihe Sale ol donated goods. gxpendliure on charitable acllvllSes Includes all costs Incurred by a charlly in und8rtaklng activities Ihal further Its charllable alms lor the benefit ol ils beneficiaries. including Ihoge support costs and costs relating lo Ihe governance ol the charity apportioned lo chariiable aclivilies. ther expenditure includes all expenditure thal is neilhgr rela19d lo raising lunds lor Ihg charity nor part ol ils expenditure on charitablg acliviligs. All costs ar8 allocated lo expenditure calegories reflecting the use ol the resource. Direct costs allribulable lo a Single activity are alloGated diroclly lo that activity. Shared costs arg aprx)rlioned b8tween the activities they conlTibule lo on a reasonable. justiliable and consistent basis. DoCU￿9n Envebpe ID". 14C567CA-E40D-803C-8361-A4&471070ESB Thinking Music Notes to th8 Financlal Statemenls (willnu8dJ Year ended 31 August 2025 Donations and l•gacies Unreslricled Tot•1 Fund$ Unreslrlcted Total Funds Funds 2025 Funds 2024 Donatlons Donations Support Sn Kind 50,869 8,350 59,219 SO,869 8,350 33.489 9.100 33.489 9,100 42,589 59,219 42,589 Expendlture on ch•rll•ble •clivitle• by luDd type Unreslricled Total Funds Unreslri¢l8d Total Funds Funds 2025 Funds 2024 Educalionltrainin Support costs 42,121 862 42,121 862 42.963 501 42.963 42,983 42.983 43,464 43.464 EJtp•nditure on charltable acllvltles by •¢tlvlty type Acti￿lIes undertaken direclly Supporl costs Tot•1 lund• 2025 Total fund 2024 Educalionllraining Governance costs 42,121 42,121 862 42,963 501 42,121 42,983 43,464 Independ•nt •xamlnallon feeA Period Irom Y•Jr to 14 Jun 23 to 31 Aug 25 31 Aug 24 Fees payablo lo the independent examinei for.. Independent examination ol the financial statements 550 500 St•fl cost The average head count ol employees during the year was Nil12024.' Nill. No employee received employee beneli15 01 more Ihan £60,000 during the year12024.' Nill. Tru9tee remunerntlon •nd expen•es The Ingram Hill Foundation paid lor expenses worth £19,144 12024.. £33,566) on behalf ol Thinking Muslc during the pèriod whSch Mll not be sought. Docuslgn Env&k>p8 ID.. 14C567CA-E4DD413C-8361-M5A7107(E5B Thinking Music Notes to Ihe Flnanclal Statements (c￿￿￿J￿7dJ Year ended 31 August 2025 10. Debtors 2025 2024 Other debtors 4,556 11. Credllors: •mount• lalllng duo wlthln ono y•ar 2025 2024 Trade credllors Accruds and deferred income 727 1.050 1,777 375 500 875 12. Anal￿14 ol chJrll•bl• fund• UnraBtrlcted lund• Al 1 September 2024 31 Augu*t 20 25 Income Expendilure General funds School A8sembll8s Project 1875 58,619 600 142,5561 14271 142,9831 15,188 173 {8751 59,219 15,361 Al 31 August 20 24 Al 14 June 2023 Income ExperKlilure General funds School Assemblies Proj8cI 42,589 143,4641 18751 42,589 143,4641 18751 10 D￿$￿￿ Env$iop0 ID.. 14C567CA-E4DD-803G8361-A45A71070E58 Thinklng Music Notes to Ihe Flnanclal Slalemenls ftt0ntlnt￿1j Year ended 31 August 2025 13. Analys1$ of net a88ets between fund$ Unreslrlcled Totsl Fund8 Funds 2025 Gurrenl asse18 Cre