Company re9lStration number.. 14782097 Charity registration number.. 1204508 West of England MUSIC &ARTS West of England Music and Arts IA company limited by guarantee) Supporting everyone to thrive and achieve through the power of music, arts and culture Annual Report and Financial Statements for the period from 5 April 2023 to 31 August 2024 Mitchell Charlesworth (Audit) Limited Chartered Accountants and Siatutory Auditors 44 Peter Street Manchester M2 5GP
West of England Muslc and Arts Contents R¢ferent¢ and Admlnlstratfve D¢talls............ Chalr's Report forthe Period from S April 2023 to 31 Augusi 2024..........................................-....-....-.................................... Annual Report..............................................................................................................................-.......................................... Objertives and act1¥$.. Our Vision and Mission... ObjeCtr....,,,..,........................................................................................................................................................................ Back4round to West of EnaThd Mtand *ts....,.....,.....,.....,.....,.....,.....,.....,.....,................,....,....,...,.,...,.,.....,.....,.....,..... Musl¢ Hub................................................................................................................................................................................-.. Cfeaiive Health........................................................................................................................................................................... Cuttural Education Hub... Plansfor perb)¢k... Public benefft........................................................................................................................................................................... hK¥ernent5 and pwfornwnce............................................................................................................................................. 10 Finanoal rediew...................................................................................................................................................................... 11 Fundra&ln8............................................................................................................................................................................ 11 Fees and Charges...... li Rwv¥es Polley......,.....,.....,.....,.....,...,.....,.,...,.....,.....,.....,.....,.....,.....,.....,.....,.,....,....,....,....,....,..,,,,..,,,,..,,,...,,,...,,,...,,,.... 12 Pay Pdlcy................................................................................................-....-....-....-....-....-....-....-....-....-....-................ 12 Rlsk Mana8emÈnt................................................................................................-....-....-....-....-....-.................................. 12 TrusieesaThl officers..............................................................................................................-....-....-.................................. 13 Struc¢urep governance and minyment................................................................................................................................ 13 organisaOnal strutturn....... 14 Section I7ZIII 5tatement....................................................................................................................................................... 14 Statement oltrustees, re5p0115ibiltips.................................................................................................................................... 15 Ir#lepeThlentAvdltor's Report to the Membevs of West ol ÉbKgiand Muslt and Arts..........-....-....-........................................ 16 Consolldated Statement of Flnandal Acd¥tt5es....................................-....-....-....-....-....-....-....-....-....-............................ 19 CMsondat¢d lan Sheet 4$ 4131Augysi 2024.,. -20 BalansheelOs èt 31 Au8usI 2024.......................................................................-....-....-....-.............................................. 21 CMsolldated Statement of Cash Fknws.................................................................-....-....-....-....-........................................ 22 Statement of Cash Flows lot the Perfod.... -23 Notes to the Financial Statemerts for the Period....................................................................-....-........................................ 24 Page 1
West of England Music and Arts Reference and Administrative Details Chalr of TrustO0$ M Thareja Trust% M Thareja C S Freda l McLean Radford - Jarlles Charlty R•glstratlon Num1 1204508 Company R•9lstr•tlon Numb•r 14782097 R•glrt•r•d Offie• Little Stoke Primary School Little Stoke Lanè Little Stoke Bristol BS34 6HY Audhor Mitchell Charlesworth (Audit) Limited Chartered Accountants and Statutory Auditors 44 Peter Street Manche*er M2 5GP Solieitors Veale Wasburgh Vizards LLP Narrow Quay House NarrowQuay Brisfol BS14Q4 Bank•r Co-operative Bank PO Box 250 Skelniersdale WN8 6WT Page 2
West of England Muslc and Arts Chair's Report for the Period from 5 April 2023 to 31 August 2024 l am delighted to present West of England Music and Arts, first annual report. Launching on 1 September 2023 Wesl of England Music and Arts IWEMAI takes forward the previous work of the Music Education Hubs (Music Services) of Bath and North East Somerset IBANESI. North Somerset and South Gloucestershire. WEMA Is proud to assume responsibility of this significant role which sees the Charity move forward as one of the largesi providers of music and arts education and healthcare in the West of England. Our firsi year as an independent Charity, building on over 50 years as part of local government services, has been extraordinary in both the challenges and changes navigated, and in the successes we have achieved. WEMA continued in its role as the DfE fundèd Music Hub for 3 of the 4 unitary authoritiès in the West of England. where the strength of OUT delivery and achievements puts us in the top 10% of Music Hubs in the country. Our Music Therapy and Wellbeing programrne (Creative Health) grows annually and now celebrates a team of 7 therapists Icompared to 1 just live years ago), providing critical support to the most vulnerable people ol all ages acros5 the West of England and further afield. Our developin9 themes around nurture and Sound In Nature programme5 are earning a rep¢Jtation for their impact and quality amongst education and healthcare professionals and we are delighted and grateful forthe contirnued strategic and financial supportof Sirona Health and Wesport. To reinforce WEMA'S role in 5UPPOrting people of all age5 to thrive and achieve through the power of music, arts and culture, the launch of our Cultufal Education H(J6 was another triumph of the year, l am grateful to. and delighted that, Arts Council England have affirmed their support for WEMA'S work by. in partnership with the West of England Mayoral Combined Authority. committed significant funding to help WEMA expand the impact of our Music Hub to support the wider arts and culture agenda in schools and ihe creative workforce. After jusi a few months of activity, l am amazed by the impact of the Culiural Education Hub, the enthusiasm of schools to work with us to promote and develop a rich and exciting creative and CLJItLJral programme and the wealth of talent of 011 age5 which make5 our work across the West of England so rewarding and inspiring. With the increasin9 evidence and publicity of the power of music and the arts to positively impact health and wellbeing, education and the resilience of people ol all ages. and de5Plte the national financial challen9es to the Charity sector and schools, I take great motivation and pride in the increèsingly important role WEMA play5 in the future of our communities. I would like to thank our funders, sponsors, supporters, parents, carers, students, clients and staff who all contribute to the strength and impaa ol WEMA and our work to bring about positive change. enabling people of all ages to thrive and achieve through the power of music, arts and culture. M Thareja Chair of Trustees 20 June 2025 Page 3
West of England Muslc and Arts Strategic and Trustees, Report The tru5tee5. who are director5 for ihe purp05e5 of cornpany law, present the annual report together with the financial statements and auditors, report ol the charitable company lor the period ended 31 August 2024. Objectives and activities Ourwision and Mission West of England Music and Art5 IWEMAI exists to support people of all ages to thrive and achieve through the power ol music. arts and culture. WEMA makès music, artg and culture atcÈssiblÈ, affordablè and Ènjoyablè for all. Wè ènable pogitivè outcomes for everyone, regardless of background or perceived ability. to help build creative. nurturing and culturally connected communities. To achieve this, WEMA.. Provides progressive. high-quality music and arts education. Champions equity. diversity and inclusion. Focuses on improving health and wellbeing. Forges positive and effective partnership5 in music, arts and culture. Objectives 1. Deliver progressive, high-qualiiy music education through Instrumental tuition, classroom programmes, support for teachers, ensemble playing. and performance opportunities. 2. Increase acce55 to cuhural education, through workshop5 and programmes from experienced creaiive practitioners, and CPD support for teachers. 3. offèr a holistic ran9e of Creative Health services - from music therapy to wellbeing and inclusion projects. 4_ Support everyone to achieve their creative potential and develop personal and social 5kills,' build tangible pathways to artistic careers and foster a greater understanding and enjoyment of diverse cultures. Pagg 4
West of England Muslc and Arts Strategic and Trustees, Report Background to West d England Music and Arts WEMA was established as a charity in 2023, building on our previous existence in local authority education services in Bath and North East Somerset, North Somerset and South Gloucestershire. With over So years delivering music educaiion and mu51C thèrèpy across the West of England, firstly as Avon, then 3 separate Unitary Authorities. WEMA reunited music education under the WEMA family in September 2023. WEMA began operations in Septernber 2023, for the new school year, seamlessly transitionin9 services over the next 6 months. Over 120 Loc81 Authority Staff transferred to WEMA in January 2024, joinin9 WEMA'S existing workforce, 5ignalling the start of the new way of delivering music educatiOT) in BANES, North Somerset and South Gloucestefshire. The Charity delivers our charitable outcome5, SUPPOrted by West of England Music Ltd, the ChariVs trading arm, which serves to generate additional income lor the Charity. We deliver our services across three areas ol activty.. Musl¢ Hub This strand delivers our long-standin9 role to deliverthe Department for Education'$ Strategy for music for young people. aged 0-18. Our work extends acros$ 290 schools and a school population of 105,OOO+. We do this through our workforce ol circa 170 music teachers and music iherapists, education advisors and trainers. Cre1¥e Health Our team of Music therapists. creative practitioners and access support workers support our work across inclusion, nurture and music therapy. to support the most vulnerable and those who face the greatest barriers, to thrive and achieve. Cultural Educatlon Hub Supporting arts and cultural education across the West of England, the Cultural Education Hub works with Schools, creative practitioners and organisations to support young people's engagement with arts and culture in and beyond school and Into creative careeTS. Pagg 5
West of England Music and Arts Strategic and Trustees. Report Principal Activities Wést of England Musle and Arts alms t•: Promoie, improvè and advance the education and participation of people of all ages. primarily children and young people, in music, the arts and culture, Advance the health of people of all ages. preventin9 and relieving ill health and enablin9 positivè mental health and wellbeing. Muslc Hub The Music Hub programme delivers on the remit froTn the Department for Education IDfEI to deliver its music education strategy. the National Plan lor Music Education. WEMA Is funded by the DfE, via Arts Council England IACEI as fundholder for the DfE. The DIE grant of just over £860,000 is supplemented by income from our traded service which brings in revenue of roughly £2m In charges for services to those who can fford to pay. We are pleased to continue to receive generous funding from the DIE. It must be noted though. that the 9rant has not increased for many years, so in real terms is worth approximately 213 of that in the early 2010's_ All Music Hubs acr0$5 the country are in the same situation, 50 we will continue to work with our industry partners to achieve the best outcomes for the public against this challenging financial perspective. School Muslc LMson$ We delivered over 50,000 hours of musical instrument tuition (including voice and technology) across 144 schools in the region. supporting young people to participate and achieve their music ambitions. Many of these students were s¢Jpported by WEMA and their school with the cost of lessons. where family circumstances would have prevented thèm from participating. Participation, progression and standard5 are key performance indicator5 for the National Plan for Music Education which the Music Hub delivers for the Department for Education. WEMA continues to perform slrongly in this area, v4ith participation and standard5 in lirbe with previous year5. School and household budget pressures present a poientièl risk to ongoing participation in this programme. particularly the most vulrberable and disadvantaged, WEMA aims to ringfence additional funding to support an increase in demand for financial assistance. Our focus this year has been on Jpskilling teachers to better understand the needs of vulnerable and neuro- divergent young people, ensuring our services are evèn more accessible and irnclusive. We will be ¢ontinuin9 this strand of worklorce development over comin9 years to ensure we continue to meet the chan9in9 needs of young people. Our whole class insirumental teachin9 pro9ramme. another KPI ol the National Plan, continue$ to increase in its reach, 9rov4ing in some areas fiom 14% to 40% of schools participating in jusi three years. Pagg 6
West of England Music and Arts Strategic and Trustees. Report Music Centres and Courses Our 7 music centres continue to be a flagship service, valued by the approximately 500 students who attend. The centres are located across the region. from Bath to Yate to Backwell. ensuring a local offer. Many performances took place acr055 the year at some of regions most prodigious venues, ensurin9 young people experience the excitement and reward of performing at a high level. Events •Dd Perfomiances Our programme of events and performances continued. Highlights include: Christmas celebration, attended by over 50 schools and hosted by CBBC celebrity Naomi Wilkinson and musicians Alex Gichohi Izangil and Dionne Draper. Bournemouth Symphony Orchestra'5 GCSE performance programme. Masterclass series for aspiring young artists with a range of professional musicians. Inter-5chool performances, linkin9 primary and secondary young musician5, YoLJng Musicians. Showcase at St George's Bristol. West of England Youth Music Festival. 20 singing festival events. Over 50 live music events, ranging from Funk Band. Mini Orchestra and Rock and Pop. to Latin brass and Strings. all aimed at increasing young people's exposure to professional quality live music in their schools. Worlrforce developmert The Music Hub's primary activities in supporting schools are one to one meetings wilh individual schools and our programme of training sessions lor the music worktorce (mostly adults in schoo151. Our strategy for school Improvemenl continues to have a si9nilicant impact across the region and Is reflected in our strong performance figures. The number of schools participating in our workforce development programme is a key indicator. WEMA currently reaches just over 99% of schools, which far Outperforms targets set by the lunder. We delivered 97 hours of workforce development events across the year, resulting in 4,371 interactions with education resources which support, promote and enhance young people's immersion in music. 7.735 young people and their teachers took part in these events. Creative Health Creative Health provides services to those who face barriers to participation, such as disability, neurodiversity and a range of learning and access needs, Creative Health provides music therapy sessions. inclusion and wellbeing activity as well a5 training and support to schools and the wider music and arts workforce. This ensures everyone, especially those who face barriers. can thrive and achieve through music and the arts. Creative Health is funded in part through Music Hub funding. where inclLJsion and wèllbeing are central to young people's benefit. Funding for mu51C therapy and adult work is through grant5 and traded 5ervice5. Pagg 7
West of England Music and Arts Strategic and Trustees. Report Music Therapy and Wellbeing We delivered music therapy sessions to 34 clients weekly across the region, mostly offered in the young person's School for acce55ibility. We have delivered session5 to Special Needs Co-ordinator5, Mental HeaFth Leads and other5 in schoo15 to help thern better supporl vulnerable young people. We fun a support nètwork for Music Thèrapists as a way ol sharing best praetitÈ and peèr support_ This ineludÈs training and monihly improvisation sessions as a way to combine workforce development with sector resilience. Our wellbeing work with vulnerable aduh5 continues to build in participation and reputation. Our flagship, Sound in Nature, continues in the Kingswood area of Bristol and is now in Its third Iteration, thanks to funding Irom. among others. Wesport, the West of England Nature Partnership and Green Social Prescribing. We are working with the VCSE Alliance throu9h a pilot year. ahead of expected addilional fundin9 for social prescribing become available from April 2025. We are facing increasing competition for9rant funding which is limitin9 our capacityto better 5UPPOrt fian(la11Y disadvantaged clients. We will be revising our fundraising approache5 over the next year to look at how we can ensure the rnosi vulnerable can access the services they m05t need. Indu$lon Following a review of our inclusive music provision. WEMA'S inclusion lead has developed a new programme of workforce development. creative leadership training and activities for young people facing barriers. Unscripted. our flagship creative inclu51ve band is now in its third year and sees young people returning each holiday to make music. Consistent attendance now means that musical progress is being made as well as wellbeing and inclusion 9oals being addressed and met. This year has seen the introduction of Access Support Workers supportin9 neuro-diverse youn9 people in open- access courses and music centres, enguring that WEMA'S activitiès arè even more inclusive. This work has enabled one to one 5UPPOrt for those young musicians who need extra support in a group environment. Cultural Education Hub West of England Music and Arts la(Jnched the Cultural Education Hub ICEHI in early 2023, aiming to enhance and promote access and benefit through arts and culture, beyond thai offered by our Music Hub. WEMA has secured 2-yearfunding of £282,500 Irom the West of England Mayoral Combined Authority and Arts Council England to develop a regional programme support for freelance practitioners and schools to enhance the creative curriculum. Our reach aims to cover an area including 450 schools and 179,000 youn9 people. Pagg 8
West of England Muslc and Arts Strategic and Trustees, Report Cl•0V Practhlon•r Grants Over a 2-year period, we are investing up to £1 00.000 in funding freelance creative practitioner5 to work in schools, bringing professional quality artists into education settings to inspire children_ We have developed a 5Ulte ol online and lace to face learning resources for practitioners to help them better inlegrate and bring added value to the artistic workshop in schools. Our aim is to build sustainable. long-term partnerships between practitioners and education settings. School$. Workforc• D•v•lopm•nt To support the practitioner grants, we are developing 3 range of workforce development opportunities for creative subject teachers and school leaders, rangin9 from inclusion and access support to subject specific development and curriculum-side strategic support. WEMA sees ihe CEH as an afea ol significant opportunity given indications from government about possible national roll-out ol an arts education brief. Throughout the next year, we will be building on the CEH offer, raising ovr profile both régionally and nationally. ensuring WEMAS mission to promote, improve arbd advance the education and participation of people of all ages is of nationally significance. Plans for future periods Alms and k•y obS•¢tlv•s for futur• p•rlods A5 the Charity enter5 its Second year, with government policy and fundin9 relating to music and arts education chan9in9, the comin9 1-3 years is positive but will be another period of ¢han9e for naiitsnal policy and therefore the Charity. We are well positioned to navi9ate these ¢han9es, but establishin9 and embedding the last 3 yeèrs is a vital phase lor WEMA. The Music Hub has embedded new fnder requirements and continues to gro4 ai a steady rate. 0r lOCS is on establishing continual incremental growth in existing servicès, both funded and traded. whilsi exploring new areas of activity to bring in new service users. Creative Health will focus on growin9 the MtJsi¢ Therapy service to schools and exploring ways to develop the provision lor vulnerable 3dult% As local sotial preseribing and voluntary settor health and wellbein9 provision is set to expand rapidly. WEMA will make suie it is at the forèfront of new opportunities in this area. Post pandemic, the opportunities to better support young people's mental health and wellbeing continue to be a priority for schools, so WEMA will position itself to serve thi5 On90ing need. As a new inrbovation, aligned to predicted government strategy, the Cultural Hub is an area of significant establishment and growth in the next 5 years. We will continue to establish the support activities for practitioners and schools. integratin9 research into all areas 01 activity. We will use this research to inform, advocate and innovate oui approaches to supportln9 youn9 people's arts and cultural education as a benchmark ol best pr3ice. Publlc benefft The Trustee5 have had Tegard io the Charity Commi5sion'5 9uidance on public benefit in deterrnining the activitie5 conducted by the Charity. and all exi5tin9 and development ol service5 continue to benefit the people who live in and around the South West of England The trustees confirm that they have complied with the requirèments of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Pagg 9
West of England Music and Arts Strategic and Trustees. Report Achlevements and perforniance WEMA has performed strongly in its first year as an independent Ofganisation. Year will see us build on the secure business basis we have formed in year 1. The Music Hub has outperformed against most of our target5, reaching over 99% or Schools across our region (target 90%) and 44% engaging with the 9overnrnenl's flagship Whole Clas5 learning programme (target 40%). Due to budget pressures and the rapidly increasing c05t of coach hire, our collaborative live events have reduced in participation. WEMA will bé rèviewing how thèse activities arè dèlivered in the next 2-3 yèars to find model where young people can participaie without the barrier of increasing costs. In our latesi satisfaction survey: Over 80% rated our training good to excellent 95% rated our work with young people as good or èxcellent 85% rated our events as good or excellent 90% rated our school improvement advice service good or excellent Creative Health has seen a steady growth in music therapy clients. Our strongest performance has been the growth in prominence of our Sound in Nature strand which is having a significant Impact in the green social prescribing field. Cultural Hub has made a strong start, having only launched in April 2024. Our first cohort of practitioners are beginning their journey and we look forward to reporting on their successes next year.
West of England Music and Arts Strategic and Trustees. Report Fundraislng WEMA continues to receive funding from the Department for Education lo deliver the Music Hub programme. This funding has been in place since 1999 and continues to be reliable source of income. though strategies to mitigate the risks to publicly funded organisaiions require WEMA to be proactive in sourcing addbtbonal income streams. WEMA has been awarded generousfunding from the West of England Mayoral Combined Authority and Arts Council Englan(J to deliver the Music Education Hub, We are pleased to receive regular lundin9 From local healthcare funders. WEMA is developing ils fundraising strategy to take advanta9e of our new Status as a Charity. Key area5 of fundra15in9 locus will be the Creative Health and Cultural Education Hub. We will be seeking to further grow our provision In these areas and build a secure luture for these strands of work. Fundraising is currently undertaken by programme managers and by the CEO to continue existing funding agreements. Future plans ir)clude the appointment of dedicated fundraisers to generate funds acr055 a wide range of fundraising activity. Fees and Charyes WEMA sets fee5 for traded service5 (delivered through the trading arml to balance accessibility for lamilies and other service users with robust financial management. Where fees cannot be afforded by parents/carers, WEMA and our deliver partners subsidise fees and charges in most cases. This includes.. Music tuition, most schools pay 80% of the cost lor the parentlcarer Instrument hire.. WEMA fully funds hire to students in receipt of pupil premium funding Music Centres.. WEMA fully funds places for students in receipt of pupil premium funding Workshops and Courses.. Short course fees afe fully lunded by WEMA. Longer courses, e.g. residential courses, are funded by WEMA, typically covering 70-100% of the cost Performances and events.. parentlcarer tickets are free lor lamilies with children in receipt of pupil premium funding Pagg 11
West of England Music and Arts Strategic and Trustees. Report Reserves Policy Re5eryes are held to.. Ensure the financial viability of the Charity and the tradin9 5ub5idiary. The reserves target 15 that necessary to ensure the solvent wind-up ol the Charity Even out annual flucluations in annual fundin9. This enables activities to be sustained through short- term fundin9 gaps Enable large.scale projects which cannot be affording in.year Enable the Charity to develop new initiatives in response to need The target level of reserves 15 currently £650,000. Thi5 will be reviewed in 2024-25 as the Charity continues to establish itself. Current re5erve5.' £396,242. Pay Policy Employees Ifrontline and management) who TUPE transferred from Local Authorities are paid on salary scales in accordance with TUPE le9151ation. All stalf receive an annual uplift. v4hich.. Is consistent for all staH acr05S the company. Pays additional % uplift to those TUPE transferring staff who's remuneration is below that of all transferring Staff. Frontline and Management Team pay is set by the CEO. with board approval. Executive officer pay is set by the Board, within the parameters required by TUPE legislation. Risk Management The charity operates in accordance with established policies covering safÈguèrding, financial controls, Èquality and diversity. and health and safety. A compreher)sive risk Tllanagement fr8wnework 15 in place to identify and mitl9ate potenlial ri5k5 affertin9 ihe charity's operation5 and sustainability. Risk5 are reviewed at least quarterly by the m8nagernent and executive te8ms, and quarterly by the board. Task and finish groups are used to addres5 significant risk5 al any time. Whilst the new Charity inherits additional specific short term risks through the setup period, martry of these are mitigated by the historic nature of our activity. Whilst activity Is embedded, business risks take prominence. We see these risks diminishing in 2024-25 as the Charity embeds its new ways of working. Pagg 12
West of England Music and Arts Strategic and Trustees. Report Trustees and officers The trustees and officers seNing during the year and since thè year end were as follows: Trustees: M Thareja lappointed 5 April 20231 C S Freda (appointed S April 2023 l McLean (appointed 5 April 20231 Radford - James (appointed 5 April 20231 M Radoje (appointed l May 2024 and resigned 21 January 20251 Chair of Trustees= M Thareia (appointed 5 April 20231 Chief Executive Officer.. S Lock Serbior Leadership Team-. N Quibell usine55 Manager Culiural Hub Lead M Clarke A Bodilèy E Greeley Walters Groupg and Courses Lead Head of Education lead of Therapy and Wellbeing Inclusion Lead J Parkinson K Elkes Marketing and Communications Partnership5 and Prograrnmes Lead Schools Development Lead A Clarke C Schollick Structure¢ governance and management Natur• of governing docum•Tht West of England Music and Arts was registered as a non-profit making company on 5 April 2023 Iref no. 147820971 and was registered as a UK Charity Ireg no. 12045081 by the Charity Commissioners with effect from 29 August 2023. The Company was established under a Memorandum of Association which established the objerts and powers of the charitable company and is governed tjnder its Articles of A5sociaiion. In the event of the compèny being wound up, Trustees are required to contribute an amount not exceeding £1. The Charity 15 a limited company, limited by Guarantee, as defined by the Companies Act. R•cruitm•nt and appoiThtm•nt of trust••s Trustèès are appointed by rècommendation and open recruitment and sèlection to ènsure trustees arè a good fit lor the charity. This ensures they are able io robustly and professionally hold the Ch8rity to account and collectively provide the necessary range of ski115. eKperience and influence requiTed to best SUPPOrt the Charity. Inductlon and iralnlng of trust••s An induction pro9ramme ensures new trustees are familiar with laws and legislation related to Charity Status, public benefit and WEMA & WEML'S Articles of Association. Further training is provided on our policies and procedures, details of restricted funds and areas of compliance related to our areas of work. Trustees are encouraged to meet employees and stakeholders at events throughout the year. Pagg 13
West of England Music and Arts Strateglc and Trustees. Report Organisational structure West of England Music and Arts wholly owns a trading company called West of England Music Limited IWEMLI. The Board of Tru5tee5 oversees the work of the Charity and its trading subsidiary. It delegates day to day running of the Chief ExecLttive Officer, who also act5 as the Managing Director of the trading arm. The CEO leads the mana9ement team who are responsible for the day-to-day delivery of the Charity's aims and activities. As the Charity establishes itself in its new role, a review of the structure will consider if addilional executive officers are necessary to support the CEO in the day-to-day oversight and leadership of the Charity. Section 172(1) statement The Trustees. who are also directors ol the charitable company lor the purposes of tompany law. confirm that throughout the year they have had regard to their dulles under Section 172111 of the Companies Act 2006, which requires them to act in a way that promotes the success of the company for the benefit of its members as whole, while having regard to lamong other mattersl.. •The likely consequences of any decision in the long term,, • The interests ol the charity's employees and volunteers- •The need to foster relationships with beneficiaries, donors, furbders, suppliers. and other key stakeholders,. . The impact ol the charity's operations on the comrnunity and the environment,. •The desirability of maintaining a reputation for high standards ol conduct.. • The need to act fairly a5 between members of the company. In discharging ihese duties during the year, Ihe Trustees have.. Continued to align the charity's strategic decisions with its long.term charitable aims and public benefit obli9ations,' Engaged regularly with staff and volunteers through updates, feedback sessions, and training, promoting a supportive and inclusive culture,. Consulted with beneficiaries and key partners in the design and delivery of setvices,. Maintained strong governance and risk mana9emeni practices to safe9uard the charitys reputation and financial susiainability-, Considered environmental and social factors when making operational and investment decisions,. Ensured transparency and fairness in all dealings with stakeholders, includin9 funders. regulators, and service users. The Board believes that these considerations are integral io fulfillin9 our mission and delivering long-term value for all stakeholders. Pagg 14
West of England Muslc and Arts Strategic and Trustees, Report ststernent of trustees. responsibilities The trustees Iwho are also the director5 of West of England Music and Arts for the purposes of company lawl 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 Accournting Practice). including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Company law requires the trustees to prepare financial statements for each financial period. Undef company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the pareni charitsble company and the group and of the incoming resources and application of resources, includin9 It5 incorne and expenditure. of the charitoble 9roup for that period. In preparing these financial statement5. the tru5tee5 are required to.. select suitable accounting policies and apply them consistently.. observe the methods and principles in the Charities SORP,, rnake judgements and estirnate5 that are reasonable and prudent,. state whether applicable accounting standards, comprising FRS 102 have been followed, s(Jbject to any material departures disclosed and explained in the financial statemènts,. and prepare the Iinancial statements on the going concern basis unless It is inappropriate to presume that the parent charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the parent charitable company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the parent charitable company and thè group and hence for taking reasonable steps for the prevention and detection of Iraud and oiher irregularities. The trustees are responsible for the mairTrtenance and integrity of the corporate and financial inlormation included on the charitable cory)pany's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Dlsclosur• of Infom100rt to audltor Each trustee has taken steps that they otjghi tts have taken as a trustee in order to rnake themselves aware of any relèvènt audit information and to estèblish ihai the Charity's auditor is aware ol that information. The trustees confirm that there is no felevant information that they know of and of which they know the auditor is unawaie. Thi5 report ha5 been prepared in accordance with the special provision5 on Part 15 of the Companies Act 2006 relating to small companie5. Thè annual report was approved by the trustees of the charity on 17 June 2025 and signed on its behalf by= M Thare Chairo Trustees 20 June 2025 Pagg 15
West of England Muslc and Arts Independent Auditor's Report to the Member5 of West of England Music and Art5 OpInn Wè havè audrt8d tho financlal stat•m8nls ol W•st of EThJland mUC and Arts (the 'charitabl8 parent company'l and its subsid18ries Ilhe 'group'l lor Ihe peri from 5 Aprll 2023 10 31 ALKJUSI 2024. which comprise the Consolidaied Statement of Finaal Acttvihes, Consolidated Balance Sheet, Balance Sheet, Consolidaled Ststernent ol Cash Flows. Statefflenl of Cash Flows and Notes to th8 Financial Stalemants. including a summary ol significant accounts.ng IxAici8s. Th8 finanoal reporting framework that has been aFWied in their preparatlon Is United Kingdom Accounb"ng Standards, compnsing chankn.es SORP - FRS 102 Finanoal Rèporbng StaNJard applicabl• in thè UK and R8public of Ir8land' and 8pplTrcabl• law IUnrt8(l Kingdom Generalty Accepted Ac£ounts"ng Practice). In our opinlon the flnancial staiements.. give a true and fair view of the stale ol the group's and parent charty's affairs as at 31 August 2024 and of its incoming resource5 and ap1110 of resources, induding its irbcome arKI experbdrture, lor Ihe period then erKI., have b88n wperfy prèpared in accordan(% wSth unl lQ"n9dom Generally Actsplad ACLnts.J Practice,, aThJ have been pyepared in accordance wth the reqU1ments of the Companies Act 2c. Basls for oplnlon We (x)nducte4 our audit in 3rdanCe th IntgmatK)nal Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilitiès under thosè standards ar8 furthér dèsuibed in thè auditor resrn$1mIÈs for the audit olthe financial statemènts se¢'0n ol our report. W¢ are independent of the group in acc%)rda? with the eihirAI requirernents thal are relevant lo our audrt of the fin3noal statements in the UK, ifjcluding the FRC'S ethiGal Standard. arKI we have fvffille(l our otheT elhiG31 respoDsiiM'ltbes Sn accordancè with ihège rèquir8m8nts. We beli& that the audSt h8vè (Jtaln8d is sulfnt and appfoprfatè to prO¥e a basis lor our opinion. Coneluslons r•latSng to golng eone•rn In audiling the finanryal statements. we h8ve (clud that the trustee5 use ofthe going Crcern basis ol aCcntIng In the preparabon of the finanryal slatemgnls is appropriale. Basèd on thè WO wè havè rfo{mod. wè havè not idonth.f any matorial uncartainti8s r8lab.ng to ovonts or c0ndrtns thaL ndividually or collecb"vdy, may cast significanl doubt on the group's ability Its cc>nbnue as a goiTrJ concern for a perKyJ ol al 8sl twelve months from when the original Ilnancial statements We aulhorised for Issue. Our responsits'lits'es and the responsibilities of the trustees with respect to going concern are described in the rdevant sectKJr of thi8 rewrt. Other Infom)atlon The tru5tegs are rgsponsible for th9 Other inlorrnab"on. The other inlorm8lion wnprisgs the information indudgd in the annual report. other than the financial statemènts and our audrtoc's report Ih818on. Our opink>n on thè finanual statèmènts doès not eovef the other inlomatlon aNI. except to Ihe exlent othemlse explithy staled In our report, we do nol express any lom of a$5uranc condusion therTh. In COnnec.0n with our audit of the financial ststements. our responsibility is lo read the other inlomiation aThJ. in dn9 SO, consid&r Wther the other infomiatson is matenally Inconslslenl th the finatK4al statements or our krknyledge oblained In the audit or otherwise appears lo be materially misstated. 11 wo identify such material inconsisterKies or apparent maleri2J misstaiemenls. we a required lo detemilne whett)er there Is a material mlsslalement In Ihe finanaal slatements or a malen misstatement ol th8 Other inlormats"on. If. basod on the work w6 have portormed. we conclude Ihat there is a matenal misstatement of this other inlomaiKJn. we are required to report that fact. Wè havè nothirrfJ rèport In thts rÉgard. Opinion on other mjtter pr•scribgd by the Compani•¥ Act 2006 In our opinlon, based on the (k undertaken In the course of the aUd- the infomalK>n giv8n in Ihg and Trustees, Report for Ihe financial riod for vthith the financial ststernenls arg prepared is consistent the ffirb8ncial staternents.. and thè Trnsléès, Rèwrt have beèn prepared in aceordancè wth appl*ablè18gal wuirèments. Matters on whleh w• ar• r•qulr•d to r•port by •xc•pllon In the light ol our knowledge and understanding of the group and the paTent Charitable company and its enviwmenl obtained In the course ol the audil. we have not idenb.fied maierS81 misstatements in the and the Trustees. Report. Wè hav8 nothing to rfjport in respg¢t ol lollwng mattgrs wh¥re thg Cwnpanios A¢t 2CrfJ6 requi$ us to report lo y(w if, in Jr Opin., Pagg 16
West of England Muslc and Arts
Independent Auditor's Report to the Member5 of West of England Music and Art5
auate accountiNJ rÈtx)rds have not bttn kepl by thè parènt th8rltsblè company, or rèturn$ adèquatè for our Audll
have not been received from branche5 not visited by us: or
tho parent (J)aiitsble Company financial statements a rw)t in agreement wth Ihe accounb"n9 rr
West of England Muslc and Arts Independent Auditor's Report to the Members of West of England Music and Arts A5 8 r98uIt ol Ihgse pcellre. we the opportunities incentives that rllay exi51 wrthin the th8rity forfraud k1ents"fTred the grèatèst rKtrtèntial for fraud in thè following area,. The c09n.0n of revenue. In comNw)n wrth all a1rtS un¢Jer ISAS IUKI, we are also wuired lo pertom) Spel) procedures to respond to the risk ol managemènt 0¥8r-nde. We also oblained an urKJerstsnding ol the legal and regulatory framewoth that the Gharity operates in, l(Kusing on provision5 of thos8 law5 and regulations thal had a dir8cI eff8Ct on the detennination ol material arrn15 and disclosure$ in th9 financial slatements. The key laws regulatK)ris we considered in this context indUdj the heaNh and 58lety rggulalK)ns, an ulats.ons for safeguarding vulnorabbe In addition. we consdered provisions of other 18W5 8nd regulations that do not have 8 direct effect on the financkql StalennIS trAJI tAIKAiancÈ whieh may bè fundamental 10 Ihè thmp8fts ability opèratè or io avoid a rnatèrial nsIty. Thèsè irtcludèd D¥ts Prulgthon Regulats'w$. Audlt rmponu to rfsks Id•ntlfi•d A$ a r•$uN of pèrfomiing thè atrAlV•. wè ènb.èd thè rÈcognits"on ol rèvènuè, And thè potèntsal for misapprepriation rrf cash taking3 as Ihg key audit matters rel81gd lo the pJlgnli¥l risk offrdud. In 4ddi1i to th& abow, tsur procodures to r¢sF)nd ¢0 risks id0n1iri In¢1[¥ Ihe frjllowiry.. viewing the ffinan¢ial ststement disclosures and testirKJ to supporb.ng dixUment8tn to assess o)mplianc wth relevant laws and regulations described above as havlng a direct eflect on the fin8neial st81ements,' gnquiring of managom8nt and thg Trust conc8mwig actual and potèntsl Ilth3at¥)n and dawm$: perforrning analytical procedure$ to idonify any unu$u•l or un¢xpecd relabonships that may Indite ri$k$ of m•teri•l misststemtrnt (Jue to frauL1., reading minuies of meetings of those charged gov$man •ThJ reviewing ¢orr•spontJ¢n¢¢ with rd$vant •uthoritiss where matters identsfied wore signtfi(znt: arKI in #d$'n9 th• ri$k offr•ud through m•n•3em¢nt ov$r-rido of ¢tr¢I$, testing Ihtr •ppropri•tsnoss ofjoumol $nlriss and other adjtjstments". ass855ing whether the judgements Made in making acGounling esth"mates are indicative of a polenlial bias. and evaluating the rab"onale of any significanl transaciions that are unusual or outside the normal course of business. We also eommunicated relevant ideniifled laws ar)d wulations and potenb.al fraLa risks lo all engagement team members and rgmained alort to any indi"cH)$ ol fravj or ThJn<omplrdneè vthh law$ and r¥guLatN)ns throughout thg au¢Jrt. A furtherdescriplion of our responsibilities lor the audit of the financial slalements is bcaled on the Financial Repoitng Councll's website at-. www.frc.org.uhJavditorsresFM)nsibilib"es. This descriptson foms part ol our auditor's report. Use of our report This rewrt is made sdgty to the ¢haritabb par8nt companls trtJStees, a$ a dy, in a¢cordance with Chapttrr 3 of Part 16 of ths Companies Acl 26. Our audil work has be8n undèrtaken so Ihal might gtat& lo th& group's trusteès those rnattèrs wa ar8 required lo slate lo them in an auditof's report and for no other purpose. To the lullest extent pemiitled by law, we do not accept or assumè resKKx)&bility to anyone oth81 than the charitsb parent cfxnpany and its trusteès as a btrt1y, for our audit work, for this orl or lor the wnKJns %¥e have fiymed. Jamielee Johnston jsenior Stslufory Auditor) For and on beh8K of Mitchell Chartesworth I111) Limiled, Statutory Audltor 44 Peter Street M8nchester M2 5GP 20 June 2025 Pagg 18
West of England Muslc and Arts Consolidated Statement of Financial Activitie5 for the Period from S April 2023 to 31 August 2024 Ilncludlng Consolldated Income and Expendllure Account Unrèstrlct•d fund¥ R•strietsd Total 2024 In¢omg and Endowm?nt• from.. Donations aThJ *ac Trading InCff 45.991 2.051.304 912.864 958.855 2.051.304 Total incc¢ne 2,097.295 912,864 3,010,159 ExperbdSture on.. CharitaiAe 8ctrvil8 Omer expendrtLtre 1855.3431 126.2951 1855.3431 11.758.5741 11,732.279,, Tolal expeitUre 11,732,279,, 1881,6381 12.613,9171 Nel income 365.016 31,226 396.242 Net movèmènt in furTrts 365,016 31,226 396.242 Recon¢iliJtlon of funds Totsi funds foThYard 20 365,016 31,226 396,242 All of the grojp's ti¥l.e$ derive Irom continuing opw8tw)ns duriThJ the above perioj. The notes Irom page 24 form an Integral part of these fin8rKI81 s18terrEnts. Page 19
West of England Muslc and Arts (Registration number: 14782097) Consolidated Balance Sheet as at 31 August 2024 2024 Flx•d ass•ts Tonoible assets 13 2,764 Curr•nt aB8•18 Debtors Cash at bank in haNI 15 16 188,7 1.089,879 Cr•dir. Amounts falllng du• wlthln (n• >*ar Nèt eurrènt ass•ts 17 696 401 393.478 N•t ass•ts Funds of th• group: Restrlcted Ineome funds ReStrted funds 20 31,226 Unr•otricted income funds Unroslricted fvnds 365.016 Totsl fvnds 20 The financial ststements on p8ges 19 10 37 were approved by the trustees, and authorised lor issue on 20 June 2025 and sIgd on th8lr b&hall by-. M Thareja Chair ol Trustees The notes Irom page 24 form an Integral part of these fin8rKI81 s18terrEnts. Page 20
West of England Muslc and Arts (Registration number: 14782097) Balance Sheet as at 31 August 2024 2024 Flx•d ass•ts Investments 14 Curr•nt aB8•18 Debtors Cash at bank and in haNI 15 16 14,787 582,783 Cr•dir. Amounts falllng du• wlthln (n• >*ar Nèt eurrènt asmts 17 77,216 N•t aM•ts Funds of th• charlty: Restrlcted In¢ome funds Rostricted funds 20 31,226 Unrestricted income funds Unreslncted funds 45.991 Total fvnds 20 The finanaal statements on pages 19 to 37 were approved by the trustees, and authorised for issue on 20 June 2025 and Sigrd on thelr behalf by". M Tharaya Chair ol Tr The notes Irom page 24 form an Integral part of these fin8rKI81 s18terrEnts. Page 21
West of England Music and Arts Con5011dated Statement of Cash Flow5 for the Perlod from 5 Aprll 2023 to 31 August ZOZ4 2024 Cash flows fram oporatlng xVvltl•s Net $h irw 3,242 Adjustm•nt$ to cash flow8 from nonryca8h It•m8 Deweckgbon 397,167 Working cjpitsl Jdju¥trn•nts Increase in debtors Incre85e in Crlit Increase in ¢JelerTed income 15 17 17 (188,7561 325,409 370.992 Net cash flows Irom operating acb'veS 904,812 Ca•h flows from in¥•sting ac¢iviti•i Purchase of tangible fixe(l assels 13 Net increase in cash and cash equNalents 901,123 Cash cash equNal8nts at S Awil C•$h ¢a$h equN¥l¢nts •t 31 August Roconclllatlon ol n•t cash flow to movemont In n•t fvnds Incre8se in cash 901.123 Net fundslldebtl at S April 2023 Net lunds at 31 August 2024 AJI ol th8 (ash flcthg ara derived from acquisitM)ns in tha (JJ(rent linanoal The notes Irom page 24 form an Integral part of these finarKial slatements. Page 22
West of England Muslc and Arts Statement of Cash Flows for the Period from S April 2023 to 31 August 2024 2024 Cash flow6 from op•ratlng aVitI8$ Nei cash irorne 77,217 Worklng capltal adluslm•nts Increase in debtors Increase in cre(lito 15 17 114.7671 505 567 Nel cash fiow5 frorn oteraDTrJ 8cbvibe5 568.017 Cash flows fram Inv•sting aetlvltl•s Purchase of invèstrnÈnts Ng1 Irbcrga in cash ¥nd equN?1gnts 568.016 Cash and cash equNalents at 5 Awil Cash cash equNalents at 31 August All ofthe ¢8sh Iltrws 8ro deriv from 8¢oulsStion$ in the ¢urr¢nl finandal r•KId. The notes frcrfn page 24 form an Integral part of these fin8rKI81 s18terrEnts. Page 23
West of England Music and Arts Note5 to the Flnanclal Statements for the Perlod from 5 Aprll 2023 to 31 August 2024 1 Charbty gtstus The charity is limited by guarantee. incorporated in England and Wales. and consequently does not have share capilal. Each of the trustees is118ble lo contribute an amount not exceeding £1 towards the assets ol the charity In the event of liqUat)n. The athress of its register&J offKe is Litue Stoke Prirnary Sthod. Liltle Stoke Lane. Litile Stoke. Bristd. 8S34 6HY. 2 A¢nting poli¢i•¥ Summary of 8lgnlnI accountlng poll¢l•s and kfjy xcountlng gBWmat•s The principal accounts"n9 policies apled in the preparation of these financial statemtS are sel tyjt below. Statem•nt ol compllanc• The financial slatemènts have b88n Prepar in accordance wth ACCnbn9 and RèportiNJ by Charitiès.. Statèment of Reeommende(I Practice lapplic4ble lo chaeS pParIng their accounts In aeeordance wth the Financkql Reportin9 Standard applicablè in thè UK and Republic of Ireland IFRS 10211, i55u8d in October 2019, (charit5 SORP IFRS 10211, tho Finanual ReportiThJ Standard appIaN in thè UK and Rèpubl of Irèland IFRS 1021 and Companies Act 2006. Bas18 of prèparation Wesl of England Muslc and Arts meets the definioon of 8 puNic berefil entSty under FRS 102. Assets 8nd liablllUes are initially T09n15¢d at historical cost or transaction value unless othenmse stated in the relevant accounb.ng poIY notes. B¥$ls ol ¢¢)nsolklatlon The consolidated financial statements consolldale the flnanryal slatemt$ of Ihe chadty its subshliary underlaklng drawn up lo 31 August 2024, No stalerrent of financial activllies is present8d lor Ihe charity as pernitte(I by Secti 408 of thg Companies Act 2ryJ6. The charty rnade 3 profil lor the financial period of £77,217. A sub&diary is an entity controlled by the charity. Contml is achieved %hère the chanty has the Fth¥er lo wvem Ihe financkql and operating wleS of an ents'ty so a$ to obtain benefits from its actiVe8. The results of subsidianes acquired or disposed of durlng the year are Included In the stalemenl ol finanual aciivitles from the efted]"ve date ol acquisition or up to the effethve date ol disposal, a5 8ppriyriate. Where nerA55ary, adjustrnents are rna(Je lo the financial statements of gjbsldiaries to brlng their aeeounb.ng polic into line with those used by Ihe group. Int8r-company transacth)ns, balances and unrealised gains on transactiorts b&twoan the tharity and rts subsidiarios, which are rd8ted partjes, are diminated In lull. Intra-group 10&88s arè 8Lqo diminai8d bul may iTh1icAtè an impaimient Ihat requirès re[niOn li Ihè eAinsolklatÈd financi Accwnting 1cleS of subsidiaries have been changed tte necessary to ensu consistency 1h the policies adopted by Ihe group. Non<onlrDlling inleresls in the ntrt assets ol consolidated sub51diariès are Idtrnttfitrd separately from Ihts group's &quty therein. Non-controlliw interests consist of the amount ol those interests al the date ol the olTra1 business Combinat and the non<ontrolling ShareIderf$ share of changes in equity since the date of the combination. Totsl comprehensive income is attri10d to non•conlrolling Interests even if this results in the n.trollIng inl8re5ts hawng a d8fKit balanc6. The trustees cOnser that there are material uncertainties aL1t Ihe gtOUP'5 ability to (lInUe as 8 gng corrm nor any $IgnIfni aws of uneArtainty that affè¢t the earrySng valLJè ol assets held by the group. Ineom• and •ndthThnts All Income is recognised ce the charity has enliuement to the irOrne. ft Is Probae that the income 11 be receNed and the amoLJnl ol the Inc receNae can be m8asured rellay. Pagg 24
West of England Muslc and Arts Notes to the Financial Statements for the Period from S April 2023 to 31 Au8U5t 2024 Donatlons #nd 10gKIfj$ Donations are recognIS when the chartty h8s been noufied in wrlts'ng ol tM)Ih the amount and SettrneDt dale. In the event Ihat a donalTron 15 subi8Ct lo condilions Ihat requir8 a18vel of performance by Ihe charity before Ihe charity Is 8nblled lo Ihe funds. the nccvne is deferred and not recognised until either those CditIonS are fvjlty mel. or the fullilfflent of those Cond1.0nS is whdty wlthin the control ol the dwrity and it Is probable Ihal these wndibons wll be fvifilled in the r9porlSng perlod. Grants rne•iv•bl• Grants ar8 r8cogni58d wh8n th8 group has an entitlem8nt lo lh8 funds and any ditI5 linked io the grants have boen mg1 Where perfonnance condrtions are artached to the grant and are yel to be mel, the IncMe is re(wni59d a5 a liabilty and Includéd on thè balan¢e shÈ8t as dèlerred irfomÈ tts be rdeAsed. D•fr1 irtom• Déferred incomé rèprÈsènts 8moLJnts rècèlvèd frjr fLIre pèricrtjs is rè1è8s•d to IncrAhirrfJ rÈswreès In thè pènod lof Trknl¢h. has been T91¥<1. Swh incofflg is only delerreil wh9n". - The dcfior specif$ Ihat the 9r8nt or &)natson must only te used in fU1u aeeounb"n9 peritsJs,' er - Thè dc¥)or ha$ impos¥d conditw)n$ %thich mu$t m•t bOr& thé Ltharity has uncondibonal •nIrtMont. Expendllur• All expendilure is recognised once th8re is a legal or constrLKtive obligatn to make a payment lo a third party. It is probable th815ettbemenl wll be wulr. and the alrn1 of the obllg8Uon can be measured rellatAy. Charit•bl• aetfviti•s Expendilurè on charitablè activltiès includès thè costs of ddiv&rfn9 S&Nis Utrtakén io furthèr the wrposes of lh& eharlty and their associated 5UPPOrt costs. Support Gosls All support costs are allocated to Ihe tharrtabl8 acti08. Govrnan¢• costs These indude the costs attribulable to the chadty s compliance with consUtuNonal and ststutory requlr8ments. SwlLJiryJ audh. strategic management and Iruslees. meetings and feirnbursed expenses. T#xatl¢)n The charity is c$jr& to pass tho lests sot wt in Paragraph 1 Schedule 6 oftho Financo Acl 2010 and thoreloro it meets Ihe definitlDn of a Charitab company lor UK corporation tax purposes. Accordingly. the charity is polenlially exempl Irom taxation In respect of Incorne or capitsl gains recewed within categones covered by Chapler 3 Part 11 of the Corporauon Tax Act 2010 or Section 256 01 the Taxation of Chargeae Gains Act 1992. to the extenl that such incom8 or gains are applied exdusively to charitabbe purposes. Tangibl? fixod a$¥•ts Tangible fixed assets afe stated in the Balance Sheet at cest. less any subsequent accL#nulated depreciation and subsequenl accumulates impairrrnt lossès. Depreciation and amortisation Deprlation Is provided gn tangible fixgd 30 a$ to writg off the ¢0st or valu¥tvJrb.19&8 any eslimatgd residual valu?, ovgr their ex[d usolul econom lrfe as IlOws". Ass•t class Musical instwments D•pr•cl•tlon m•thad and rat• 25% slraighl line melh Trnde debtors Trade and Othgf debtor¥ artr rInIs 8t thg semlerngnt amount (*. Pagg 25
West of England Music and Arts Notes to the Flnanclal Statements for the Perfod from S Aprll 2023 to 31 August 2024 Cash and cash oqul¥al8nt# Cash and r2sh equivalents comprisè cash on hand and call dèposits. and other short-temi hlghly Ilquld Invesb7Wlts Ihal are Tgadily wnvertiW¢ to ¥ kno¥ amount of cash ¥nd artr 3ubJ'gd to an inwgntsant nsk ol thange in valu¥. Trad• credltors Creditors are recognisgd wthere Ihe charty has a present obli9alion resulting frorn a pasl event that will prObaY result in ¥ transfer of lurK15 to a ¢hird party Ihe amount due lo semje the Obl3110n can be ffle8sured or eslirrated reliabty. Creditors are noMllY TewJni5ed al Ir Settment amount after allowng low any Irade discourbts due. Fund stYuetur• Unrestricled incun8 funds ar8 general funds that are availalAe for use at th8 Iruslee's discretion in fvther8r8 of the ob¢Ve of the group, Resvicted income funds are Ihose donated for use In a partkular area or for specific purposes, Ihe use of whh is restricted to that araa or purpos•. Ptnslons and other post4¢llrement obllgallons The thanty and subsidiary operatg a defined contribtJtK)n pensK)n scheme. A defined wnlributK)n plan is a pension under which fixed contributions are paid int¢ a pension fund and Ihe ¢harity and subsidiary have no legal oi ¢onstnJ¢twe oNigats"on to pay further contribu"On$ even if the lund does noi h sufficient assets to pay 811 employees the beneffts relatirYJ to employee ¥¥MCg in the ¢uwrent and prioi pericKI$. Contributions lo deh'ned contribullon plans are COgniSed as employee benefit expense when they are due. 11 contrStryJt payménts exc thè Contribution dué for sèr¥&. the excèss Is recnISe(l as a prepaymént. The sutsdry cc¥mpany also operates two defined benefit pen¥b)n schemes., th& Local Govemment Pension and the T8ath8fS' Pension Schem8. The Lo1 (>)vemment PtrnsKJn Schem& 1$ a mvlti-employgr the b9nefft oblwJatw)n is ¢akul*od amually by 5ndenden1 actuaries usin9 the Projecied Unil method ol valuation. The Teachèrs, Pènsion scheme is a UK natSonal multi-èmployèrdefined benefit scheme. Since rt is not $Sible to Ienfy assèts belongiThJ to the individual paapats.n9 employer Ihts scheme is accounied lor as a defined ContribU"0n scheme In accordance with tha pmwswJn$ undèr FRSI02. Pagg 70
West of En8land Muslc and Arts Notes to the Financial Statements for the Period from S April 2023 to 31 Au8U5t 2024 3 In¢om• from donatSons and 1¢ga¢l•s Unrestrictgd fund$ Gon•ral R•sith¢ted fvnds T¢)tsl lunds Donations aThJ *acie5'. Donab"ons from Indivuals Grants. induding capital grants., Grants from companies and government grants 15.991 17,CQ9 33,0 695.855 925.855 Total for perlod ended 31 August 2024 4 exp•ndliur• on Charttab advttl•s R•strfct•d funds Total 2024 W399s, Nalional lnsUrnr tstribUtk5 and PensvJn con1n.tionS SubscPt)ns General costs irtlLxlirwa vye hirt, exam fee$ and vthkslws Governance cnsts Administrative costs Graft txpeed 205. 205.966 26,666 82.072 26,7Ch8 7,250 506.681 82,072 26,7C6 7,250 gA,681 See ta 6 for furth8r dotails cffi govomanc8 CA)sts totalling £26,706. 5 Oth•r •xp•nditur• Unr•8trlct funds Gèn•rnl Restslcted funds Total 2024 Staff o)sis Wage5 and 8aLiries Social Srity Pension Legal fee5 Depreci8tion, amortisaticffl and other simiLqr costs Rechargès Irimn CouneSls Other resources expeed Trading subsidiary fUrlr 1,453 61,757 224.365 81,755 925 707.112 201.593 1506.6811 4,742 966.195 61,757 224.365 81,755 925 707.112 223.146 1506,681,, 21.553 26.29K Pagg 27
West of En8land Muslc and Arts Notes to the Financial Statements for the Period from S April 2023 to 31 Au8U5t 2024 6 AlYsIS ol govrnan¢ and support ¢o$ts Support eosis allocated to charhable •ctlvhle* Totsl 2024 L8gal and prof&ssional fe8S Recruitment costs Mèmbership fees Payroll fees 23,569 1,221 23,569 1,221 188 7 Gov•mm•nt grnnts In¢ome Irom govemrnenl gr8nts are 8 wilributson Iow8rds Ihe delivery of Ihe N8tbrwl Mu&¢ Edu¢&tiM PLAn, 8$ per the Governrnenl's Music Hub funding prograrnme. administered by Arts cour11 England. grants also cxjntributg t17wards t Cultural EduGalTron Hub and to develop Sovryj in Natu Programme. The amount of govemm8nl grants renised in the finanrial stalem?n13 was £>J6,896. 8 Net Incomlntyoutgolng rQUr¢ Net incomingloutgoing r8soLJrcès for th8 period Ind18.. 2024 Dewe¢14tion olfixèd assets 9 Trusts¢¥' r•munerJti<)n •nd •xp•ns•s No truslees. nor any perws connecled wilh thern. have received any Muneral10n frorn the group duriThJ the year. No tru5tses have receivwj any reimbu exe6 or any ottr beneffts Ir(¥n the chgrity during the year. 10 Staff co•ts The aggregate payroll costs ere os fdkm: 2024 Stsff cotytty during thg period w•r•: Wagès and salaries Social security costs Pension cnsts 1.151.348 77,918 229.017 Pagg 28
West of England Music and Arts Notes to the Flnanclal Statements for the Perfod from S Aprll 2023 to 31 Au8USt 2024 The monthly average number of persons (including senior managemenl I leadefship team) employed by the group duritNJ the period èxpw$s8d a$ full timè •quwalènts WO$ 8$ ftAIow5." 2024 No Charily Group 12 123 135 ofthg ab8 wnpbyees Forliripated in the Defined Conlribution Pension Schemgs. Conth"bution5 to Ihe 6Ynpbyee pensK)n schemes for the period lo18lled £229,017. Thasè payment ar8 allxated to oth8r8xpèndltum within unr8slrict•d funds. No ¢M0Ye9 rgcgNgd ThlUMents of mwe than £60.OCQ during the perioy. The totsl empk)yee beneffts of the key management personnd of the group were £50.2. The (iefexecutive officer. as Ihe hvJhesl paid rrftmber ol Staff. received benefit5 totalling £9),2. 11 T•xabon The group is a register charity and 15 thgrgtse exempt from i•xalb)n. 12 Audltor remuneratlon 2024 ALKlii ol fina $tatements Pagg 29
West of England Music and Arts Notes to the Flnanclal Statements for the Perlod from S Aprll 2023 to 31 August 2024 13 Tanglbl• flx¢d as¢$ Group Musical Instruments and •quipment Totsl Cost Additions 3,689 At 31 August 2024 3.689 3.689 D•pr•ciation Charge lor the FenC#J At 31 August 2024 925 925 N•t book v•lu• Al 31 August 2024 2.764 2,764 Fixed asset addits.ons include £3 cost of muslcal instruments purchased from Bath and North Somerset Ctyjnal. North Somerset Council and South Gloucoslershiro Council Ibeing £1 to oach Councill. These Instrum6nts wero deom•J to have no valuè 9n their age ccxidition. 14 FIxoda8S•t Inv•8tm9nts Group Detalls of und•rtaklngs Detail$ of the Invgstrnents in the grp hc4ds 20% or more of thé nominal valw of any dass of share ¢%pltal arè a$ follows.. Country of incorpor•tion Proportlon of vollng rlghts P1P41 and shares h•ld activity Undwtskin9 Hokling 2024 Subsbdl8ry undertaklngs Ddi¥ery uwc edutAt West of England Music Limited England and Wa ldInary 10J% sh8re 01 £1 young pewle and edutgtton seth'ng5. Pagg 3)
West of En8land Muslc and Arts Notes to the Financial Statements for the Period from S April 2023 to 31 Au8U5t 2024 Charlty Inv•8tsn•nt In 8ub8ldlary Investment In subsidiary Tolal Cost or Valuatlon AdditKx)s Al 31 August 2024 Net llook value At 31 August 2024 suld1&ry The results of the subsldlory for the perlod ended 31 August 2024 ar•: Turnover 2.557.985 12.238.960) 319,025 Cost of s•le$ and 8dminlstrativtr ct61s Net WDfft The assets ILqbi1itS ol the subsidiary We.. Fixed assets 2.764 Current assets 978,123 Current Ikwblli.e5 1661.8611 319.026 Net liatx"lib"&s Share capital aThJ reseryes 319,026 Pagg 31
West of England Music and Arts Notes to the Flnanclal Statements for the Perfod from S Aprll 2023 to 31 Au8USt 2024 15 D•lrt¢rs Group 2024 Ch#rlty 2024 Trade (lebiLYS 173.989 14.767 14.767 141fjZ 16 C•8h and h •qui¥ab•nts Gn)up Charlty 2024 Cash a¢ bw 17 Crèdltors: *moun¢g tslllng due wlthln year Gn>up Charfty 2024 Trad¢ ere(lrtows Other tsxalion and sockil seci Other Ixedrto Accruals and delerred irne 27.589 23.340 24S,103 400.369 10.936 4.889 115,444 374.298 18 Obll9atSons und•r l•as•s and hlrè purchas• eontraets 0ratIng lèasè ¢ommltmènts Total futur8 minimutn a58 paymènts undèr non-¢an¢ellabl• op&rab"ThJ leasgs arè a$ folb)". Gvoup Charfty 2024 one aNI five years Pagg 32
West of England Muslc and Arts Notes to the Flnanclal Statements for the Perlod from 5 Aprll 2023 to 31 August 2024 19 Penslon and other schemes D•fln•d corttrlbutlon p•nslon seh•m• Th group opèratés a dèfin contributvjn pènsion sch8mè. Th& pèn4on $1 tharg& tor Ihe perK¥J r8prosent$ ¢ontn"butior payable by the 9rtyJp lo the scheme and anv)unled to £5,572. D•fln•d nafft p•n81on CMe9 Local Gov•mm•nt P•nslon Scheme The parti(ipates in Ih? Local ¢>>vgmment Pensiori Sch9mg, which is a rnulli-efflployer defir benefit 5theme in Ih UK. The penslw scheme Is lunded by ¢wiritKJlis from the comp8ny 8nd is admlnislered by Independent twustees. Its lurkjing p)licy 1$ dosignod io ensure that 5ufficienl assels are availabb lo moel current and lulure nsIon IiatM'Irti¢$. Contn"bub"ons to this schemè arè chargèd In the Statèmént ol Financlal ACtivitS as thèy b8comè payaNe, accordancè wNh the rules ol Ihe sthorr. The most rscent actuarial valuation was rrforMed as at 31 August 2024, Un9 t Pr(4èct811 Unlt malhl of v3kAtkn. The lolal cost relating lo this defined berbefil scheft for the wod re¢tynised in stslemenl of financial actiwlies as an èxpensè WAS £65,020. Roconclll•tlon ols¢h•m• ass•ts and Ilabllltles to assets and Ilablllllos rwnls8d The amtyjnts reco9nlsed in the ststemenl ol financial Ptssbts'on are as lollows." 2024 Falr value of scheme assets Presènt valuè of dèfinèd bènefii (IblvJ8tbn 11.153.CrfK)' 951.00 Defined benefit penOn scheme 5ufF4us O•fin•d b•n•frt oblig#tn Changes in the defined benefii 019atioN are as IdlcNts'. 2024 Current service cost Inte$1 on pension liabilit Member Conln"buths Businèss 1X)mbinat$ Remeasurements-105s financaal assumpti3 Remeasurements- oxperionc8 153,(XJO', 127,(M)O,' 812,ClJO,' 136,(MXJ,' 13,(MXJ,' Present value al ervj of pen(¥) Pagg 33
West of England Music and Arts Notes to the Financial Statements for the Period from 5 April 2023 to 31 August 2024 F•ir valu• of sch•m• ass•ts Changes in the lair value of scheme assets are as fc4kMs'. 2024 Interest on plan assets Remeasuremenls lassetsl Ernployer cxjnlribubons Member conln'buthMs Adminisiralive expens¢$ Buslnèss CA)mbinatkns 34.0(K) 28.OCKJ 63.OCKJ 18,000 12,(KKJ,' 1,012.000 Fair value al end ol per An&lysls ol•ss•ts The major eawes ol SMe assels are as fcdhm: 2024 Cash cash equalents Equity instruments Property
vemmenl Other b)TrJ5 (169,CK)O', 580,000 58,0(K) 244.000 104.000 336.000 Relum on scheme assets 2024 Relum on schemè assels The penSn scheme has Th)t invesied in any of the group's own financial instnJrrEnts or in proper or other assets us&J by the grp. prtnclpal •ctuarl•l •ssumpdofts The prinGipal lla1 assumptions gt thtr ststgmont of fin8niial datg aro a$ klkws.. 2024 PrgPQrtion ofemp1oye¥s ¢pting fw trarly Ttinnt Discount rate Futurè salary Sncxèasès Future pension iweases 4.10 2.70 Postretlremenl mortallty ttssumptlons Current UK pensioners at retiment age- rna Currttni UK pensioners at rètiremènt age- femalè Future UK p8nsh)ners at retirement age. male Future UK pensK)ner5 at retiremgnt age- fernale 24 23 Pagg 34
West of England Music and Arts Not•s to th• Financial Stat•menti for th• Perios from S Awil 2023 to 31 August 2024 T•acherfs ponsion scfveme The company participates in the Teacher's pension scheme. a defined benefit pension scherne which 1$ a mulb-employer scheme. It is not possible in the nomial course of events to identify the share ol the underfying assets belonging to the indivhlual P8pa.ng employers 8nd, in accordance wth FRS 102. this is 8ccounled lor 8$ a defined conlributson scheme with contn'bulions being recorded as they become Paya8. Contributions to this scheme are charg8d In the Stat8men¢ of Finandal AclivilN?s as th8y b8corrÉ Paya8. in accorda9 wrfh the rules ol Ihe scheme. The total cost relaling to this d8fin8d b8nafit sch&m8 for thè period recogntsed in the statemant of financial acli¥riti8s as an expense was £159.345. Pagg 35
West of England Muslc and Arts Notes to the Financial Statements for the Period from S April 2023 to 31 Au8U5t 2024 20 Funds Group Incoffling voUr¢¢9 8•l•nc• Jt 31 Au9USt 2024 expended Unrnstrictod funds Genernl General fuNI 2,097,295 11.732.279; 365,016 Restrlcted funds Music Association of WocJspring Schcds Friends ol North Somerset Centre lor YiJJtYJ Musicgans Crodfunder Sirona Heallh North Somersel CJnal Arts nCIl EThJland 15,695 1S,695 1800: 514 4,192 14.767 876.8 514 250 14.767 13,942: 1876.896; Total restrlcted lunds 912,864 1881.638., 31,226 Totsl funds Charlty Incomlng resources R•sourc•s expended BalaTr at 31 August 2024 Unr•tstrl¢t•d fvnds G•n•r•l Gener81 lunds 45,991 45,991 Restrlcted funds Music Asso&ation ofwooyspnng Schcds Friend5 ol North Sorner591 Centre for Young Musici¥n¥ Crowdfunder Sirona Health North SomersÈi CcAJncAI Art5 CwncAI ETrJland 15,695 15,695 514 4,192 14.767 876.896 514 13,942: 14,767 1876.896; Total restrbcted fvnds 912.864 1881.638.. 31.226 Totsl lund# 77 17 Pagg
West of England Muslc and Arts Notes to the Financial Statements for the Period from S April 2023 to 31 Au8U5t 2024 The spe(#fic purwses for which Ihe funds are lo be appld are as 1km.. - Musc Ass(vation of w0)spring to ftjnd a(tieS which engage children in the mUC A5xKi3tson of W(KKlspiing Sthools eAlthmènt 3rèA. Fiiends of Nth Somersel Centre for Young MUS18n8 - To be used lo lund 20Z4 summer resKlential trip for speofic IndNiduals. - Crowdfunder- tk)nationg to create a Sound Gardgn lor music therapy acfvrty. - Sirona Health- To dgvelop Swnd in Nature prcyratnme. North Somerset Council - Teachers, Pension Grant contribution lor emFAoyees vtho arg in the Te8chers' Pension S¢hem& omployrnant. - AJ1s Council ErrfJland - contnbub.on t(thard$ th• dèlN8ry ol ihè Natsonal Music Education Plan. as thg GMmnv$ Music Hub funding programme. 21 Analy$l$ of n•t ass•t$ b•tw••n funds Group Unr•strlctsd funds G•n•ral Total funds at 31 August 2024 TBrrfjIe fixed assets Current assets Crn1 lkqkn1i.es 2,764 1.089,879 1696.4011 2,764 1,089,879 1696,4011 Total nét ass8ts Charlty Unrè$trld•d funds General Total fvnds •t 31 August 2024 FSxèd assèt irtvtstrnwts cunI assets Current Ikqblli.es $82,783 I5.567) S82,783 1505,5671 Totsi net assets TT,217 17 22 R•lat•d party tran8aetbon# Group and Charlty Wesi ol En9land Music and Arts owe their subsidiary company. Wesl of En9land Music Liffliled, £114.346 at 31 August 2024 A Truste& of the charity is a director ol a sthool in the West of England Music and Arts IWEMA'I region. who buy in WEMA services. The tolal services provided in the year tolalled £807. The school does not benefit from the traded setvices. WEMA does oller subsidised and free serykes lo schools on an indiwdual ba4s. WEMA staff are aware on the connection and *ill ensure that this particular SC?1 does no benefit any rrKJre than any other school regarding services offered. Pagg 37