Charity registration number: 1204824
co
Oirryiii
Encore Enterprises CIO
Annual Report and Financial Statements
for the Year Ended 31 August 2025
Young & Co
Business Advisors & Chartered Accountants
st Elhdbert House, Ryeknds SlreeL Hereford, HR4 OL4
T. 01432 263282
enquim8@young8md.co.uk
w4sw.youngand.co.uk

Encore Enterprlses CIO
Contents (continued}
Reference and Administrative Details
Trustees, Report
2to13
Statement of Trustees, Responsibilities
14
Independent Examiner's Report
15to16
Statement of Financial Activities
17to18
Balance Sheet
19
Notes to the Financial Statements
20to31

Encore Enterprlses CIO
Reference and Administrative Details
Trustees
Mr J T Godfrey
Mr R A Glasspoole
Mrc N H Attwood
Mr P Chapman
Ms S Thackwray
Senior Management l Leadership Mr C P Woollard, Chief Executive Officer
Team
Charlty Reglstratlon Number
1204824
Principal Office
Lugwardine Court
Lugwardine Court Orchard
Lugwardine
Herefordshire
HR14AE
Independent Examiner
Graham M John Bsc FCA
Independent Examiner
Young & Co (Hereford) Limited
St Ethelbert House
Ryelands Street
Hereford
HR40LA
Page I

Encore Enterprlses CIO
Trustees, Report
The trustees present the annual report together with the financial statements of the charity for the year
ended 31 August 2025.
Objertives and activities
Objects ond aims
Encore's Aims and Objectives are set out in its Articles of Association. These are..
to advance education particularly (but not exclusively) in relation to music and the arts;
to advance the arts and culture, particularly (but not exclusively), by promoting, facilitating and
improving access to cultural services, performances of music, participation in musical activities and
community music events and providing access to instruments and other means of performance and
stLJdy for such purposes,.
to provide or assist in the provision of facilitie5 in the interest5 of social welfare for recreation or other
leisure time occupation of individuals who have need of such facilities by reason of their youth, age,
infirmity or disability, financial hardship or social circumstances with the object of improving their
conditions of life.
Note that the charity does not award grants, nor does it make any social investments for any other
charities
Public benefit
The Trustees of Encore have been sent the Charity Commission Public Benefit guidance. They are asked
to raise any concerns at the AGM lor indeed any General Meeting) if they feel any activities have not
been for the benefit of the public. None were raised during this reporting period.
The trustees confirm that they have complied with the requirements 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.
Page 2

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Achlevements and Performance
EYFS IEarly years and foundation stage). Delivery of Preschool music and arts activities in nursery to
children under 5. Running 'Sing, Move play, CPD training for EYFS settings including observational
support sessions.
Delivery of Services to Children and Young People in schools through individual and whole class
instrumental music lessons. through to a range of singing for wellbeing activities and numerous
workshops, projects and performances. Most linked to the newly merged Herefordshire &
Worcestershire Music Education Hub.
Support for schoolteachers and other professionals through a variety of networking meetings.
CPD/training, quality assurance/observations etc.
Broad range of music and wellbeing activities for children and young people out of School. Livewire
Popular music drop-in sessions, tutored sessions, holiday courses. More traditional ensemble
opportunities such as concert bands, orchestras and choirs. Opportunities for young people to work with
professional musicians and gain wider industry experience
Music and wellbeing activities for adults such as the Garrick Singers lover 55'sL Military Veterans, Choir,
music sessions for those with mental health needs in supported accommodation, Singing for Lung
Health, singing for families of those in the local hospice etc. Including a large celebration with many of
these group5 in Hereford Cathedral in June 2025
Herefordshire Performing Arts Festival IHPA Festl. Week-long festival for speech, drama, music & dance.
Supporting the training and development of those who work for the charity (either in an employed or
self-employed position) e.g. subject specific training, safeguarding trainin& opportunities to meet and
share ideas/support each other etc.
Maintenance, repair and replenishment of a large store of musical instruments and other equipment to
5UPPOrt the running of the charity and to support other community music groups and individuals etc.
Page 3

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Encore Enterprlses CIO 202*25 Area Data
Accredlt•d
T•achar
Schem•
En¢or•
DeUv¢red
WCET
1762
2024 Puplly
Chlldren & Young
P•opl• In School
5154pupl
Oth•r
PmJ•¢ts
130148.
440 pu￿
En•or•
Supported
WCET
¢The A¢¢redlled T••Gh•r¥¥* lJv4• com¥ intoour s¢hool hw• boen
¢ompUm•nknd ty st•tL They do afantastic}ob and Iwoyld
928 PwM•
Page 4

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Ertc
rft Enterprlses CIO 202*25 Area Data
Encore Youth
Musl¢
188PU￿
Children &
Young People
Out of School
325
5976 ETrKa¢-
Uvewlre
wlth nry•blith•N EYN and brfrywir•hfldr•D and my '
husb•ndmd I Jo% Th•statt ar• wel¢omlngi ￿rI￿aryd
liiirluv1ni••￿ l ￿n'ttha￿kth•￿ •no￿h{l¥*¥erythlfyf tty. ¢kn¥ ."
137 Pupo
Page 5

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Encore Enterprises CIO 2024-25 Area Data
HPA Fost
MIUtary
Vetrrnfi'scholr
3252 P￿￿l#
40 P•opl0
JL
Community
Actlvlties
3373
GaTrf¢k
Slngers
W•llsprln
12pw
6821 Enr•yrnonts
29 Pwpl•
Iwhat a fknuLou&w••Kt l am 80 unlxllevably proud ot
sln0• who pBrftyrm¢d 4tlh• F•sll¥aL Th•y*ll
deserved medal¥lor havlngthe GonflthnGeto perform."
SehoolT•¥h*r&p¥pK*who tsokpKtWIOIAF•*¢
Other
Projeets
40 P•opl•
Page 6

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Encore Enterprlses CIO 202&25 Area Data
Internal
CPD
100 P••p
CPD
479
646
CPD to
Schools,
Coli•g• &
Nurserle•
. f ¥.1 h•n•o In*plr•dto •mh•dlh• *It¥1￿ •onp •nd mu•l•
ni lrtl• my vwn+A•••r••m•nd h•Y1￿•n dollthtrd by
A •¥4gedlh• ¢hlldren bowm•. Wsba•n fant••ll¢ to
379 P•opl•
4r
Page 7

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Encore Enterprises CIO 2024-25 Summary Data
CPD
Chlldren & Young People
In S¢hool
479 ￿th￿du￿1•
s154pu￿
130148 Efieatements
9331
Indmduais
143591
Eng¥ements
Communlty
Activitles
Children & Young People
Out of School
3373 ithdMdu•
325 Puplls
6821 Enypm•ni¥
5976 Enga￿￿•￿1*
Page 8

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Encore Enterprises CIO 2024-25 Full Data
20
17•2
47¥
51J4
Pupl
130141
En8•8•mqnts
9331
Indlvidu•l¥
143591
HPAF•Dt
32S
5976
6•21
137
Page 9

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Financial review
This is the second year that Encore has operated as a charity, having previously been a Community
Interest Company.
Income for the year was £504,236. This is lower than the last period with total income lexcluding the
one-off grant from Hereford Arts in Action Ltd of £355,909) of £569,458.
There was a large deficit sustained this year of £114.538. this is substantially different from 2024 which
achieved a £359,725 surplus (albeit this included the one-off grant of £355,9091-
At the year end. the free funds available as cash in the general fund was £119,247 compared to
£194,275 in 2024.
The trustees believe that the financial position at the year end was satisfartory.
Policy on reserves
The Trustees continue to review the charity's reserves to ensure sufficient cash is available to fund the
charitable activities for a period of at least three months. A target of an additional £150.0(X) is also
maintained in cash as a contingency should the charity ever have to cease operations.
Funds In deficlt
There were no funds in deficit at the period end.
Principolfundinq source5
As well as fees paid by service users. the charity's main funder for its day-to-day activities remains Arts
Council England. The Trustees are also very grateful to the many other charities and individual
supporters who have made generous grants and donations.
Investmentpolicy ondobjertives
The charity uses an interest-bearing deposit account to hold cash that is not immediately required for
expenditure.
Page 10

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Trustees and officers
The trustees and officers serving during the year and since the year end were 35 follows:
Trustees..
Mr J T Godfrey
Mr R A Glasspoole
Mrc N H Attwood
Mr P Chapman lappointed 11 April 20251
M5 S Thackwray (appointed 11 April 20251
Senior Management / Leadership Mr C P Woollard, Chief Executive Officer
Team:
Structurei governance and management
Nuture ofgovernlng dtxument
Encore Enterprises CIO (Charitable Incorporated Organisationl was established in September 2023
having converted to charitable statu5 from the former Encore Enterprises CIC (now closed). Its
Constitution was designed by Bateswells of London who are a highly regarded LLP with extensive
expertise in supporting charities and social enterprises. Encore's has a Constitution of a Charitable
Incorporated Organisation whose only voting members are its Trustees I'Foundation' Constitution)
Recruitment und appointment of trustees
To ensure stability, three of the former Trustees of the CIC all transferred to the Trusteeship of the new
CIO. During the course of its first year, the Trustees have determined that the Board needs to be larger
for the size of the organisation and to ensure a broader range of skills. As part of this, it carried out a
skills audit towards the end of the reporting period and aims to increase the size of the Board from 3 to
5 during the next reporting period.
Organisotionalstrurture
The Charity has a well-establi5hed and experienced CEO, supported by a Busines5 Manager (Business &
Operation51 and an Education Manager (delivery of services). These are supported by a small team of
specialist Coordinators and area Leaders, and 60+ front line delivery professionals.
Page 11

Encore Enterprlses CIO
Trustees, Report Icontinuedl
Financial instruments
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and
liquidity risk. The use of financial derivatives Is governed by the charity's policies approved by the board
of trustees, which provide written principles on the use of financial derivatives to manage these risks.
The charity does not use derivative financial instruments for speculative purposes.
Ca5hflow risk
The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange
rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap
contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity's principal financial assets are bank balances and cash, trade and other receivables, and
investments.
The charitvs credit risk is primarily attributable to its trade receivables. The amounts presented in the
balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made
where there is an identified Ioss event which, based on previous experience, is evidence of a reduction
in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties
are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of
counterparties and customers.
Liquidity rlsk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and
future developments, the charity Uses a mixture of long-term and 5hort-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the
financial statements.
Page 12

Encore Enterprlses CIO
Trustees, Report Icontinuedl
The annual report was approved by the trustees of the charity on 6 January 2026 and signed on its
behalf by..
Mrj
Trustee
odfrey
Mrc P Woollard
Chief Executive Officer
Page 13

Encore Enterprlses CIO
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial
year which give a true and fair view of the state of affair5 of the charity and of the incoming resources
and application of resources of the charity for that period. In preparing these financial statements, the
trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent-
State whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the finantial statements- and
prepare the finantial statements on the Eoing toncern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disc105e with reasonable
accuracy at any time the financial posltion of the charity and enable them to ensure that the financial
Statements comply with the Charities Act 2011, the Charities (Account5 and Reports) Regulations 2008,
and the provisions of the constitution. The trustees 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 charitable company's website. Legislation governing the preparation and
dissemination of financial 5tatement5 may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 6 January 2026 and signed on its behalf bv..
MrJT
Trustee
odfrey
Page 14

Encore Enterprlses CIO
Independent Examiner's Report to the trustees of Encore Enterprises CIO
I report to the trustees on my examination of the accounts of Encore Enterprises CIO for the year ended
31 August 2025.
Responsibilities and basis of report
As the charity trustees of Encore Enterprises CIO you are responsible for the preparation of the accounts
in accordance with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the Encore Enterprises CIO'S accounts carried out under section
145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 14515llbl of the Act.
Independent examinerfs statement
Since Encore Enterprises CIO'S gross income exceeded £250,OLK) your examiner must be a member of a
body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination
because l am a member of The Institute of Chartered Accountants in England and Wales, which is one of
the listed bodies.
I have completed my examination. I confirm that no material matter5 have come to my attention in
connection with the examination giving me cause to believe that in any material respert..
l. accounting records were not kept in respect of Encore Enterprises CIO 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 accounting requirements concerning the form and content of
accounts set out in the Charities (Accounts and Report51 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 toncerns and have come across no other matters in connettion 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.
Page 15

Encore Enterprlses CIO
Independent Examiner's Report to the trustees of Encore Enterprises CIO (continued)
zGraham M John Bsc FCA
Independent Examiner
The Institute of Chartered Accountants in England and Wales
Young & Co (Hereford) Limited
St Ethelbert House
Ryelands Street
Hereford
HR40LA
7January 2026
Page 16

Encore Enterprlses CIO
Statement of Financial Activities for the Year Ended 31 August 2025
Unrestrirted
funds
Restrirted
funds
Totsl
2025
Note
Income and Endowments from:
Donations and legacies
Charitable activities
233,525
247,093
13,000
1,500
9,118
235,025
256,211
13,000
Investment income
Total income
493,618
10,618
504.236
Expenditure on:
Charitable activities
1563,0351
11,ooii
154,7381
1617,7731
11,ooii
Other expenditure
Total expenditure
1564,0361
154,7381
1618,7741
Net expenditure
170,4181
144,1201
1114,5381
Net movement in funds
170,4181
144,1201
1114,5381
ReconclllatSon of funds
Total funds brought forward
192,702
404,309
597,011
Total funds carried forward
19
122,284
360,189
482,473
The notes on pages 20 to 31 form an integral part of these financial statements.
Page 17

Encore Enterprlses CIO
Statement of Financial Activities for the Year Ended 31 August 2025 (continued)
Unrestrirted
funds
Restrirted
funds
Totsl
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
212,521
275,227
5,126
365,909
66,584
578,430
341,811
5,126
Investment income
Total income
492,874
432,493
925.367
Expenditure on:
Charitable activities
1511,7751
11,7441
152,1231
1563,8981
11,7441
Other expenditure
Total expenditure
1513,5191
152,1231
1565,6421
Net lexpenditurel/income
120,6451
380,370
359,725
Net movement in funds
120,6451
380,370
359,725
ReconclllatSon of funds
Total funds brought forward
213,347
23,939
237,286
Total funds carried forward
19
192,702
404,309
597,011
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2024 15 shown in note 19.
The notes on pages 20 to 31 form an integral part of these financial statements.
Page 18

Encore Enterprlses CIO
(Registration number: 1204824}
Balance Sheet as at 31 August 2025
2025
2024
Note
Flxed assets
Tangible assets
12
2,391
1,045
Current assets
Stocks
13
loo
loo
Debtors
Cash at bank and in hand
14
11,995
479,436
2,902
598,584
15
491,531
601,586
Creditors: Amounts falling due within one year
16
111.4491
15,6201
Net Current assets
480.082
595.966
Net assets
482,473
597,011
Funds of the charlty:
Restrlcted Income funds
Restricted funds
360,189
404,309
Unrestricted income funds
Unrestricted funds
122,284
192,702
Total funds
19
482,473
597.011
The financial statements on pages 17 to 31 were approved by the trustees, and authorised for issue on 6
January 2026 and signed on their behalf bv-
Mr R A Glasspoole
Trustee
The notes on pages 20 to 31 form an integral part of these financial statements.
Page 19

Encore Enterprlses CIO
Notes to the Financial Statements forthe Year Ended 31 August 2025
l Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Basis of preparation
Encore Enterprises CIO meets the definition of a public benefit entity under FRS 102. The accounts
(financial statements) have been prepared under the historical c05t convention with items recognised at
cost or transaction value unless otherwise stated in the relevant notelsl to these accounts.
Golng concern
The trustees tonsider that there are no material uncertainties about the charity's ability to continue as
going concern.
Income and endowments
Voluntary income including donations, gifts, legaties and grants that provide tore funding or are of a
general nature 15 recognised when the charity has entitlement to the income, it is probable that the
income will be received and the amount can be measured with sufficient reliability.
Grcnts receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the
grants have been met. Where performance conditions are attached to the grant and are yet to be met,
the income 15 recognised as a liability and included on the balance sheet as deferred income to be
released.
Investment income
Interest receivable on bank deposits is recognised for the period it accrues.
Page 20

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to the
applicable expenditure heading that aggregate similar costs to that category. Where costs Cannot be
directly attributed to particular headings they have been allocated on a basis consistent with the use of
resources, with central staff costs allocated on the basis of time spent, and depreciation charges
allocated on the portion of the asset's use. Other support costs are allocated based on the spread of
staff costs.
All resources expended are inclusive of irrecoverable VAT.
Choritable cctivities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to SUPPOrt them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
tonsi5tent with the use of resource5, for example, allocating property costs by floor areas, or per capita,
staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory
requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Government grants
Government grant5 are recognised based on the accrual model and are measured at the fair value of the
asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants
relating to revenue are recognised in income over the period in which the related costs are recognised.
Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant
relating to an asset is deferred, it 15 recogni5ed as deferred income.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Page 21

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordinglv,
the charity is potentially exempt from taxation in respect of income or capital gains received within
tategories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation
of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to
charitable purposes.
Tangible fimed assets
Individu31 fixed assets costing £100.00 or more are initially recorded at cost.
Depreclatlon and amortlsatlon
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows..
Asset class
InstrLJments
Depreciation method and rate
20Yo of cost per annum
20% of cost per annum
33% of cost per annum
Fixtures and fittings
Computer equipment
Cash and ￿$h equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant
risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use
of which is restricted to that area or purpose.
Hire purchase and finance leases
Leases in which substant1311y all the risks and rewards of ownership are retained by the lessor are
tla55ified as operating leases. Renta15 payable under operating leases are charged in the Statement of
Financial Activities on a straight line basis over the lease term.
Page 22

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
Financial instruments
CIL75sificotion
Financial assets and financial liabilities are recognised when the charity becomes a party to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument Is any contract that evidences a residual interest in the
assets of the charity after dedLJrting all of its liabilities.
Recognition L7nd meosurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs),
except for those financial assets classified as at fair value through profit or loss, which are initially
measured at fair value (which is normally the transaction price excluding transactlon COStsl, unless the
arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction,
the financial asset or financial liability is measured at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when
there exists 3 legally enforceable right to set off the recognised amounts and the charity intends either
to settle on a net basis, or to realise the asset and settle the liability Simultaneously.
Financial assets are derecognised when and only when al the contractLJal rights to the cash flows from
the financial asset expire or are settled. bl the charity transfers to another party substantially all of the
risks and reward5 of ownership of the financial asset, or cl the charity, de5Plte having retained some, but
not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
Page 23

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
2 Income from donations and legacies
Unrestricted
funds
General
Restrlcted
fund5
Totsl
funds
Grants, including capital grants,.
Government grants
Grants from other charities
233,525
233.525
1,500
1,500
Total for period ended 31 August 2025
233,525
1,500
235,025
Total for period ended 31 August 2024
212,521
365,909
578,430
3 Income from charitable activities
Unrestricted
funds
General
Restricted
funds
Totsl
2025
Music service5
247,093
9,118
256,211
Unrestricted
funds
General
Restrlcted
funds
Totsl
2024
Music services
275,227
66,584
341.811
4 Investment income
Unrestricted
funds
General
Totsl
funds
Interest receivable and similar income;
Interest receivable on bank deposits
13,000
13,000
Total for perlod ended 31 August 2025
13,000
13,000
Total for perlod ended 31 Au8USt 2024
5,126
5,126
Page 24

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
5 Expenditure on charitable activities
Unrestricted
funds
General
Restrlcted
fund5
Totsl
2025
Note
Music services
270,743
287,684
4,608
48,400
6,338
319,143
294.022
4,608
Allocated support costs
Governance costs
563,035
54,738
617,773
Unrestrlrted
funds
General
Restricted
funds
Totsl
2024
Note
Music services
219,914
288,813
3,048
52,123
272,037
288,813
3,048
Allocated support costs
Governance costs
511,775
52,123
563,898
6 Other expendlture
Unrestrlcted
funds
General
Totsl
2025
Note
Depreciation, amort15ation and other Similar costs
I,ooi
I,(x)i
I,ooi
I,ooi
Unrestricted
funds
General
Total
2024
Note
Depreciation, amortisation and other similar costs
I,ooi
I,cKJi
I,ooi
I,LK)i
Page 25

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
7 Analysis of governance and support costs
Governance costs
Unrestricted
funds
General
Totsl
funds
Independent examiner fees
Examination of the financial statements
Other fees paid to examiners
600
4,008
600
4,(x)8
Total for period ended 31 August 2025
4,608
4,608
Total for period ended 31 August 2024
3,048
3,048
8 Net incomingloutgoing resources
Net loutgoingl/incoming resources for the year include:
2025
2024
Depreciation of fixed assets
I,ooi
1,744
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity
during the year.
10 Independent examiner's remuneration
2025
2024
Examination of the financial statements
600
600
Other fees to examiners
All other services
4,008
2,448
Page 26

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
Furniture and
equipment
Totsl
Cost
At I September 2024
Additions
56,043
2,347
56,043
2,347
At 31 August 2025
58,390
58,390
Depreclatlon
At I September 2024
Charge for the year
54,998
I,ooi
54,998
I,ooi
At 31 August 2025
55,999
55,999
Net book value
At 31 August 2025
2,391
2,391
At 31 August 2024
1,045
1,045
13 Stock
2025
2024
Stocks
loo
loo
14 Debtors
2025
2024
Prepayments
Other debtors
1,495
10,500
2,902
11,995
2,902
Page 27

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
15 Cash and cash equivalents
2025
2024
Cash on hand
550
478,886
342
598,242
Cash at bank
479,436
598,584
16 Creditors: amounts falling due within one year
2025
2024
Other creditors
1,170
10,279
909
4,711
Accruals
11,449
5,620
17 Pension and other schemes
Defined contribution pension scheme
The charity operates a def1ned contribution pension scheme. The pension c05t charge for the year
represents contributions payable by the charity to the scheme and amounted to £9,76812024- £4,748).
Defined benefit pension schemes
Local Government Pension Scheme
LGPS is a 'defined benefit, pension scheme. This means that members are assured of a certain level of
pension benefits when they retire, based on the number of years of membership and the salary they
received over that period.
The LGPS is a 'funded' scheme. This means that the scheme aims to achieve solvency, that is, they are
required to hold assets to cover the cost of the benefits Iliabilitiesl. It is also worth noting that LGPS is
funded at local and employer level.
Page 28

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
The total cost relating to defined benefit schemes for the year recognised in profit or loss as an expense
was £19.98212024- £25,2421.
The total cost relating to defined benefit schemes for the year included in the cost of an asset was £Nil
12024- £Nill.
18 Commitments
Other financial commitments
The total amount of other financial commitments not provided in the financial statements was £6,761
12024- £8,478).
Page 29

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
19 Funds
Balance at I
September
2024
Incoming
resources
Resour￿5
expended
Balance at 31
August 2025
Unrestricted funds
General
192,702
493,618
1564,0361
122,284
Restrirted funds
404.309
10.618
154.7381
360.189
Total funds
597,011
504,236
1618,7741
482,473
Balance at 21
September
2023
Incoming
resources
Resources
expended
Balance at 31
August 2024
Unrestrirted fvnds
General
213,347
492.874
1513.5191
192.702
Restrlcted funds
23,939
432,493
152,1231
404,309
Total funds
237,286
925,367
1565,6421
597,011
The specific purposes for which the funds are to be applied are as follows..
Restricted funds are in respect of grants received for specific projects. The grant funders are:
Paul Hamlyn Foundation
Eveson Trust
Hereford Youth Muslc
Hereford Arts in Action Ltd (The Music Pool)
Knife Angel Hereford
l Mcconauille
lane Cadbury
Page 30

Encore Enterprlses CIO
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
20 Analysis of net assets between funds
Unrestricted
funds
General
Total funds at
31 August
2025
Restricted
funds
Tangible fixed assets
Current assets
2,391
131,342
111,4491
2.391
491,531
111,4491
360,189
Current liabilities
Total net assets
122,284
360,189
482,473
Unrestricted
funds
General
Total funds at
31 August
2024
Restrlcted
funds
Tangible fixed assets
Current assets
1,045
197,277
15.6201
1,045
601.586
15,6201
404,309
Current liabilities
Total net assets
192,702
404,309
597,011
Page 31

Young & Co
Buslness Advisors & Chartered Accountsnts
y￿n9 & Co i%thetrading name ofyouno & Co (Hereford) knmited
Comrfjny numbw 162523371 RegLStereJ in Eroland
Registered office.. SiEthelbertF*Me, Ftydandssieet Hweford, HR4 OLA
T. 01432 263282
E erKJuiries@yDunyarYJLo.uk
%ww.younganJ.co.uk
Some of the servlces that we can offer,
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