REGISTERED CHARITY NUMBER: 1205413 REPORT OF THE TRusfEES AND UNAUDITED FINANCIAL srATEMEI5 FOR THE PERIOD 26 ocfoBER 20LI TO 31 JANUARY 21125 FOR MUSIC4WELLBEING
MUSIC4WELLBEING CONfENt3 OFTHE FINAIYCIAL ATME115 FOR THE PERIOD 26 ocfoBER 2023 TO 31 JANUARY 2025 Reference •nd Admithtive Ddai15 Report ofthe Trustees 2 to 4 Independent Ex8minee$ Report Stst¢ment of FIM#ntial Activiti B4lntY Sheet NotÈ8 to the Flnncil Sttements 8 ts 13
MUSJC4WELLBEING REFERENCE AND ADMINISTK4TtVE DETAILS FOR THE PERIOD 2ffj ocfoBER 21nJ TO 31 JANUARY 21)25 TrUSTELS J Cornwall (apFointed 26.10.23} R J HoiKrnft {aprK)inted 26.1023) D Dye (appoirrte4J 26.10.231 Ms J L Hopkinx>n (apwTrinted 26.1023) Ms E F Y H H((ap)inttd 26.10.23) PRJNCIPAL ADDRESS 9 Whits A Drive Kcnt cr14 7 REGISTERKD CHARITY NUMBER 1205413 INDEPENDEP4T EXAMif4ER Mccabe Ford Willi8ms CharteThJ Aeeountants Charlts)n House tk*ur Street tX)VER Kent CT16 IBL Page I
MUSIC4WELLBEING REPORT OFTHE TRusfEES FOR THE PERIOD 26 ocfoBER 21123 TO 31 JAiYUARY 21J25 The trnet8 are pleased to present their rer( along5i(k the financial statements of Music4Wellbeing (henceforth referred to as th¢ 'Charity') for the period 26 IktoFKr 2023 10 31 January 2025. The tnjstees have adopted the provisions of Accountin8 and Reporting by Charitie5.' Statem¢n¢ of Re¢ommended Praaiee applicable to charitics prepwing their acts)unts iii accoTdwtt wtth the Financial Rep)rting Standard applicable it) the UK and Republic of ITelw)d {FRS 102) (efftsve l January 2019). OWECTIVES AND AcrivrrIES The Charity facilitates r¢glllar, sustwnable group xtiviti¢s by Thffapeuiic Practitionets. These SS10S. centred an)und musi¢ and ¢rtive expr10 Provide meanittgful social interactions with kKal CnmunitieS for individuals facing life challenges. These ChIenSeS may include d¢ma)ti4 other degellerati conditKsn& disabilities. isolation. lonelincs5. bereavement or resp)nsibiliti¢s as family w¢rs Icolltttiyely referred to &$'benefi¢ileS,). Through its iniii&tives, the Charity fosters wellixing happine55. enrithing th¢ lives of benefi¢iari¢s by pmoting inclusion and engagement with friends, famity members and I(] volunteers. who are also wnsidaed benEficiaTie5. To amplify its impa¢L the charity collat¥)rates with a rnnge of lo tArtners fvLLwJ otb th¢ w¢lfar¢ of older pty)ple athd other adults with life ch[enge$ to-. Understsnd local need and r¢l¢vant i&wes fori¥)nsideration. Maximis¢ access for those who can benefit from the Charitys &livities. Create an integrated supp)rt nWO. enablingcross.Tefernl of to)efi¢iori&8 to health aThJ Well sttvice KEY ACTIVITIES The charity initiatives includ¢: CfydeJi¥ning gctivity programmes in pllrttKthip with bw¢fJ¢iaries. ethsuringtheirvoices e heard and ehoices focus on their ne¢ds and prefererKes. PToviding training opportunitie5 for. - E8i#bllshed TheT&P¢Utic Arts Practi1ioers . suptM)rtin8 Lx)ntinlled pn)fessional development aThJ service excellence. - Eirly Career Prctitioner4 , fostering a skilled workforce that is quipped iodeliver meaningful BaseMenl R4SslDg awarell and promoting its work through publications Illtrative$eMin8ry, cortferences and collaborative Community events with public and voluntar y or8anisation$. Pursuing sustsin8ble fundlng strnte2ie9 to Sustainably 5upF the chIty'S k)ng-m atieS and impact.
MUSJC4WELLBEING REPORT OF THE TRUSTEES FOR THE PERIOD 26 ocfoBER 2023 TO 31 JANUARY 2025 ACHIEVEMENT AIYD PERFORMANCE DuTirtg the ried under review the Charity has 5UGCfS5ful]y: Delivered 275 group therapeutic Thusic and creative activty session4 SUPTK)rting prcdominontly older individuals as well &s younger adults living with additiona] needs. These sessions took placc acm5s 18 locatll$ in 15 lowns spanning and Mid Kent. Medway and South tnd0Th. Sinc¢ its tronsition from 8 Cornmunity Int¢res1 Comw]y the Charity h&8 &ieved Mrtablegwwth.. The numEerof delivered 8TOUP activity s¢&si¢Ms has ris¢n from 204 to 235 8nnually. The numberof beneficiari¢s h&% expanded frorn appmximately 370 to annually. A Special Project was su¢¢essfully implementel engaging 21K) adults and a prAmry school. This iDifS•ti¥e ¢ulminated in larg¢-scalc celebratory ¢vent4 a th)cumentary film and 5i8Thificznt mdia o)VUa8& Key FeAtures of the ChArity'5 Activities Free to Attend.. u0]ding its commitment to Il81¥1ty. the Clwrity d0¢5 Trxtharge pwticipants for its 5ervice4 tIK)ugh volllntsry (knloti ons ar¢ w¢l¢¢)med. Inclusive Appro8eh: Th¢ Ch8rity's progrM¢S re¥nain p&ttssib]e iThJividuds ofdiverse ethnic bkgrOund age% gendets and socio-ec onofftie circumstances. Regulir Se9slons: Aaivities are delivered week]y. tiviL nnthlY or monthty tsilotul to the neots of each gllP. Tralnlng & Devehbprnen¢ The charity fa¢ilitated- IS professional development trnSnlngtvemts forestsblished Ther•tic Arts Pr&titi(Xhers. 130 mentored trnlnlng se55ion$ for Early Career PrIlliOn5. A deditAted ¢r4ining $¢ssioo forvoluntee Evfiluati(n & Oryanis#tional Development To maintain effectiveness and resp)nsiven¢s4 the Charity has.. Conducted regular eVUatIonS of its actLVltie5 to ensure critiL¥I assessment of Itsli¢l¢S and pradic¢s from th¢ p¢rsp¢dive of beneficiaries and partnw organisations. Key findings includL- - An established Go81$ Fr4mework, which identifies key goals of phys¥cal athl co1¢1¥¢ fimctloning and mtal and wcial wellbeing. relevant to its benef iciarie5 but re]5 adaptable. fluid atMI dynamic to accommodate individual needs. - QuADtitstive gnd qu81itstiv¢ v•lyAtions . pwviding 74aluable insights into tionl ¢fficIen and the iTnpact on partlcipants wellbeing. - Fefylback fiM parthers #rtd 5tskeholders. underscoring the rM)sitive imp¥1 of the Charity's WO on s¢rvic¢ users, welfar¢ and r¢infor¢ing its role withith a broader suFwrt network. En8aged expert consultsnts including: - A Consultant to overview the Charity's TX)licie5 and practices. Otfering &Jvic¢ on $fUmatIOnal improvement. - A social media and engagement consultant to enhance the Charity'5 50cial media presence and other enwdgement pre5en£%. R¢viewed and updated goveman¢e policies as nessary to ensurt be practices. Mointaind and updated the Ch8rity's website to: - Publicly showcase its mission and or8anisationai inte8rity- - Provtde participants with aeSSible infom)ation aTrt theirwup &vitie - Encourage and facilitate n¢w enquiries. . Equip practitioners with EK)th theoretical and tiCSl Twour supwt the efftctive design and delivuy of music and creative activity s10[1$. - Encoura8¢ donations, Teinf¢)Tcing th¢ thrity's commitm¢ntw susthinable fuThJing ongoing 5UP]M)rt forbeneficiarie Circulated DirethVs Seasonal Newsletterto all stakelM)Iders and the wKlerpublic. showcasing key Achievements and milestones. FINANCIAL REVIEW fin&nt141 position At 31 January 2025 the CIO'S funds totailed £n.954 (2tr23- £46,712). Pag¢ 3
MUSIC4WELLBEING REPORT OF THE TRUEs FOR THE PERIOD 26 (BER 2023 TO 31 JANUARY 2025 FINANCIAL REVIEW Rtserve5 policy The Charity's Teserve5 w)licy ensu sufficient unrestricted fvnds ¢0 rover core (TKrdtiRg w5ts. This allows the Charity to ¢ontinu¢ operati8 in the event of unexpected shorfalls in income orunforeseen iTh¢reases in w)&itsre. A5 of 31 January 2025. the Charity held iothl reserves of £77.954. of whKh £8,643 were unrestricl&l at¥1 £69.311 were restricted. This level of reserves is Mnsider&J adequate in light of the Curle risk% aTKI (watK)n81 nts. The trustrts will rewew the reserves in the coming year to ensure ongoin8 c¢xnpliaw£ with thc w>licy. STRucfuRE, GOVERNANCE AND MANAGEMENT The Charity.. Is a Chttritable Inovporated (kganisation (CIO) wherein the TrStreS are the ¢)nly voting Members. Was illc4)rwrdkd into the Chartty CoTllrni55ion for England and Welcs (numbcr1205413) on 26 (ktober2023, having Converted from a Community Intthest Company, originally fomied on 30 March 2015. Ormles under a constitution 0Pted on incoryoTation. Is mawed by a Board of T1£. to whorn all I101 persthjnel are aN4werab Publie benefit The Charity trustees have adhered to their fEStrf)rnEibilities under the Charities Act 2011 enswing alignment public benefit guidance issued by the Commission. Approved by orderof the of truth on 31 May 2ff25 atkl signed on its behalf by: R l Hobcra
INDEPENDENT EXAMlh'ER'S REPORT TO THE TRUSTEES OF MUSIC4WELLBEING Independent ex#m]ne8 report to the trusttts of Mu$ic4Wellbeing I retK)rt to the charity ttustees on my examtoation of the accounts of music4wel1bTrg {thc Trust) for the period 26 October 2023 to 313anuary 2025. Respomsibilities and bA8is of wort As the charity tnjstees of the Twst you are responsible for the of the in aCCQTdatK¢ with th¢ requ7ments of th¢ Charities Act 2011 I'the Act,). I r¢p(¥t in resrÉct of my examination of the Trust'5 accounts ¢wYied out under Section 145 of the Act and in ¢9lg out my examination I have followed dl applicable Directions given by the Charity Commission undeT Stttion 145(5)Ibl of the Ac. Jndependent exarniner's sttemeNt I have completed my examination. I confirm that no materid mstters hav¢ come to my attenti( in connedion with th¢ ¢xamination giving me cause io believe that in any material It5pL a¢o)uniing record5 were not kept in r&yct of the Trnst&% required by sKtI 130 of the A or the accujnts do not accord with flM)s¢ YerdI or the accounts do not ¢oThply with th¢ applicable Yequirements concerning the fomi and eontent of a¢4)unts set out in the Chariti¢s {Accounts and Rermyts) Regulations 2008 other than any require4nent tht the accounts give a true aTJd fair view which is ngt a motter lIS1dered part of an indepthnt examination. I have no coneems and hav¢ ¢ome actDss no other matter5 in conne¢¢ion with the examinatim to whi¢h attention should be drawn in this rep)rt in order lo enable a proper understanding of the *counts to reach. J Full4rton Bsc (Hons) FCA McCab¢ Ford Williams Chartered A¢couniants Charlton Hous¢ Dour Street DOVER Kent CT16 IBL 2 June 2025 Page 5
MUSIC4WELLBEING srATEMENf OF FINANCIAL ACTIVITIES FOR THE PERIOD 26 ooBER2023 TO 31 JANUARY 21)25 Peri(xl 26.10.23 lo 31.1.25 Total fiEnds Period 1.2.23 25.1023 Total funds uDrestTId Re5trid fijnd fund INCOMK AND ENDOWMENTS FROM Donations and lewi¢5 24J86 88JS2 112,738 64,058 EXPENDITURE ON Charl¢ble actlvities Faci1itsrS and artisL Ov¢Theads 50.891 50.891 30J51 JI,507 7.660 21342 Other 254 254 174 22596 58. 81.496 39J41 r4ET INCOME 29,452 31242 24,717 RECONCILIATION OF FUNDS Total fund5 brought foNard 6.853 39.859 46.712 21,99S TOTAL FUNDS CARRIED FORWARD 8.643 69.311 77.954 46.712 The notes forni partof these financial slatements
MUSIC4WELLBEING BALANCE SHEET 31 JANUARY 21125 31.1.25 Total funds 25.10.23 Total funds UnrtStricte41 fund Restriued nd FIXED ASSETS Tangibl¢ a&ts 190 444 CURRENTKSSETS C&sh at bank 10,650 70.196 80.846 47238 CREDrroRS Amounts falling due within one year (1197) {885) {3,082} (970) r4ET CURRENf A&SETS 8.453 69,311 77,764 46,268 TOTAL A&%E13 LLSS CURRENT LIABILfrILS 8,643 69Jl1 77,954 46.712 NET ASSETS 8,643 69,311 77.954 46.712 FUNDS Unrestri¢¢ed fuT Restrith funds 10 8,643 69,311 6.853 39,859 TOTAL FUNDS 77,954 46.712 The financial sthtements were appVed by the Board of TnLs and aut1K)risI kn iswe on 31 May 2025 wer¢ signed on its half by: RIHobc rustee The Dotes fom) ofthese fin181 swements P48e 7
MUSIC4WELLBEING NOTES TO THE FIIYANCIAL STATEMENTS FOR THE PERIOD 26 ocfoBER 2W TO 31 JAtYUARY 2025 GENERAL INFORMATION Th¢ ¢h8rity is a public benefit entty and a registered charity in EnglaTLd and Wales aThJ is 1cOr[x)ratCd. The charity number and re8i5tered offirx address can be found on the Refera and Adminiarntiye Details t4e. The PTesentstion41 ¢wrrency of the financial ststements 15 the PLX]nd Sterlingl£). ACCOUNfJNG POLICIFS Basts of prepArlng the fin•nclil statements The finan¢ial statemenls of the ¢harity, which is a publi¢ b¢nefit emity FRS 101 have Len prepared in acwrdance with the Charities SORP (FRS 102) 'Accowiting and Rcp)rtin8 by tharities.. Ststem¢nt of Recommended Pwtice applicable to ¢h8riti¢s preparing th¢ir a¢counts in accordatK¢ with the Financial Reting Standard applicabl¢ in the UK and Rcpubli¢ of Ireland (FRS 1021 leffe¢iive l January 2019)., Finan¢ial Repcrting StandaTd 102 The Financial Reporting Standard applicable in the UK and Rqjublic of Ir¢lat)d' and the Chariti&% ALt 2011. The fInala1 statements have been prepared under the histOTicaJ cost convetltion. FlnntiAI rertIng stsndard 102- reduced disclosurnexemptioAs The charity has taken advantage of th¢ following disc]osure exemplton in prwing th financial 51atements, as puThitted by FRS 102'Th¢ Finan¢ia] ReEK)rting starKI appli1¢ irj UK aT¥J R¢publi¢ of Ir¢knd': the requirements of Section 7 Sts1MentOf C&sh Flows. Income All income is reo)gnised in the Statem¢nt of Financial Activities i)n¢e th¢ ¢hwity has entitlement to the fi&s, it j5 probable that the income will be received and the amount can b¢ measured reliably. Expendithre Liabilities are ree<)gnised &5 expenditure as S(K)n there is 8 l¢gal or CnSIFu]YC obligation committing the Charity to that extxndTrtur¢, it is probable that a transfer of ecoTK)mic benefits will b¢ requirnl in settlement and the amount of the obligation be measured liably. EXndituTe is a¢u)unted for on an tsis and has been ¢lsIfIed under h¢adings that aggregate all ¢os¢ related to the cate80ry. Where ¢osts can]v)t be directly attributa ¢0 pwtiCuI headings they have been lIXted to aetivities a bas ¢1&¢nt wtth the of M Taugible fixed 25s¢ts Depreciation is provided at the following annual rnt&s in ord¢rto writeoff e&h &set over its es1imed useful lif Fixtures and fittings Straight line ovtt 5 yea Taxatlon The charity is exempt from tsx on its dwitsble activities. Fund accounting Unrestrith¢d funds Can US in accordance with the ¢harttable (Jj¢¢tiv¢s discretion ofthe trustees. Restricted funds only be used tor particular restr1cl wtthin t obj¢¢ts of th¢ charity. Restrictions aTi5e when specified by the th)nor OrWh funds are raised for particular restri¢tfyl PUTpse5. FUrtr eXpla[tIOn of the natu and purrrfjse of each fi]nd is incith in thenote5 to the finwKial statements. Page 8 oDtuiued...
MUSIC4WELLBEING NOTES TO THE FINANCIAL sfATEMEM8- ¢ofttinu FOR THE PERIOD 26 ocfoBKR 21J23 TO 31 JANUARY 2025 DONATIONS AND LEGACIES Period 26.10.23 Period 1.2.23 31.1.25 25.10.23 Donati<)ns Grants 24.190 88,548 9,035 55.023 112.738 64.058 Grants and donations repSentS LX5h 1ved SI*$01S #nd donors to fund wojects and to help pThnotr the charity's activitie5. CllARABLK AcfiviTIES COSI8 sUprt costs (see note S) Direct Costs T0S Facilitators and artisls Overheads 50,891 11984 50.891 30.351 17J67 63,875 17.367 81242 SUPPORTCOSTS Totsls Ovethead% 13,947 3,420 17J67 SUp)rt co& irKluded in the avI are &s follo Period 26.10.23 P¢ri(Kl 1.223 to 25.10.23 Total activrties 31.1.25 Professiona] fees Ind¢pendeni examiners fe¢ Accountancy fees 13.947 2.100 lJ20 17(Kl 17,367 2.7LK continwl...
MUSIC4WELLBEING NOTES TO THE FINAIYCIAL sfATEMENTS- continuAI FOR THE PERIOD 26 OCTOBER 2•23 TO 31 JANVARY 21r25 TRUSTEES, REMuf4EIiATION AND BENEFrr6 There were twste¢s' remuneration or (rther benefits the wiod eMl¢d 31 January 2025 noT for th¢ period ¢nd¢d 25 October2023. Trustees, expenses Thar were no trustees, exrll patd f(xth¢ pttiod ended 31 January 2025 for the p¢riod ended 25 OctoLYr 2023. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcfiviTIFS Unrtstii¢t fuThJ R¢stricte4J nd Totsl funds INCOME AND ENDOWMEiYfs FROM Donations and16gaGie5 53 64.5 64,058 EXPENDITURE ON ChHritablt *ctivities Facilitstot3 and artists Ovetheads 31.507 31.507 7,660 692 Oth 174 174 Total 38,475 39J41 NET INCOMFJ(EXPENDITURE) (813) 25.530 24,717 RECONCILIATION OF FUNDS Totsl fi]nd5 brought fo¢ward 14,329 21,995 TOTAL Fuf4DS CARRIED FORWARD 6.853 39,859 46,712 Page 10 continued...
MUSIC4WELLBEING NOTFSTO THE FINAIYCIAL sfATEMENIS- tontinuvj FOR THE PERIOD 26 OCTOBER 2023 TO 31 JANUARY 2025 TANGIBLE FIXED ASSETS FixtUTeS frttillgs COST At 26 October 2023 ar 31 January 2025 2.063 DEPRECIATiof4 At 26 (ktober 2023 Charge forye 1,619 254 At 31 January 2025 1,873 NET BOOK VALUE At 31 January 21Y25 190 Ai 25 (ktob¢r 2023 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.25 25.10.23 Trad¢ crlIoTs Other creditors 873 97 2,197 3,082 970 io. MOVEMEIYT Iiy FUNDS N¢t movement in fund5 At 26.1023 At 31.125 UDre5tricted fuDd$ Gen¢n] futmi 853 8,643 Restricted fund$ Classes 39.859 29.452 69Jll TOTAL FUNDS 46.712 31.242 77.954 Pagell continued...
MUSIC4WELLBEING r40TES TO THE FINAIYCIAL STATEMENTS- (•ntinu FOR THE PERIOD 26 ocfoBER 2023 TO 31 JA]YUARY 2025 MOVEMENf IN FUNDS- coffjtlnued Net rnovetnent in fi]nds. tn¢luded in the aErf>ve ar¢ as follow& Incoming Movement in funds ¢xpend¢d Un1Cted fwnds G¢nernl fund 24,386 (22,596) Restrlcted Clw¢s 88.352 {58,) 29,452 TOTAL FUNDS 112.738 (81.496) 31,242 Comp•rntlves for movement in n)ovement in fun(Ls At 25.1023 At 1223 Unrestricted funds G¢neral fund (813) 6.853 Restricted fund$ Classes 14,329 25.530 39,859 TofAL FUIYDS 21,995 24.717 46,712 Comparative net moveTnetLt in ruTr included in the ab)ve are &$ follows: Ino)ming R£4)urce5 Movemeni in futK15 Unrestricted funds Genera] fund 53 1866) (8131 Restrirted funds c]eS 64.005 (38,475) 25.530 TOTAL FUIYDS 64,058 139,341) 24,717 Donated funds received durin8 the fmancial year were all0*d to supwrt th¢ ¢hitIeS main objective5. The funds wer¢ usd to facilitate a rdnge of music cia$5e5 and rKrfonnance opportunities for participanls livin8 with ag¢-r¢lated and other life challenges. C1&%5cs Ircstricted funds) have been amalgarnated into one combined fund. Page 12 ntlDued...
MUSIC4WELLBEING NOTES TO THE FINANCIAL SfATEMENfs- (ontiDue41 FOR THE PERIOD 26 OCTOBER 2tr13 TO 31 JANUARY 2025 ii. RELATED PARTY DISCU)SURES During the year, Richard Hobcraft & Co provided a¢wutrtin8 S¢tvi¢es, in whid) Mr R Hobernft (Th]st¢e) VkS for. These nounts totalled to£l,320. No amounts wer¢ Outs]8 at th¢ yearend. IL TRANSFER FROM Ctc TO CIO On 26 (ktob¢r 2023 Musie4Welltr¢ing CIC entu¢d into an 88recment to trawferall artivities from aCIC to Music4Wellbein8 as a Cto. The breakdown of the rnerger i8 sfv)wrt bEIow. Ftxed &sets Curreni a&sets Current liabilities 47238 1970) Net¢urnt assets 46,712 Th¢ netcurrent figure aErf)ve is mad¢ up of £6.853 unl1¢ed funds £39,859 trirA¢d fuThJs In accordance with the temLS of this a8reon¢nt all activity fr(on 26 (kth 2023 is now undertaken by Musio4W¢llb¢ing as a CIO. All assets othd liabilitie5 immediatejy tr3Trsftrred on this date. P8ge 13