The Music Therapy Charity .Company Re8Lstrati(mNo9559XI
REPORT OFIYE BOARD OF GOVERNORS.--..___. INCOME STA1EMD......................... STATFMEKT OFFINANCIAL FOSTIION......... NOTESTO IHE FINANCIAL STATEMEPm.-............ .10 .11 Page 2
REPORT OFThE BOARD OFGOVERNORS The IThArity 15 acompany lithitedlry guwiLY.ithgsnoissued Share capibjand isexethptforusirtg iithited aspart d itsnaii. Every llDberin PUTsuae0£JwV£e7 of the mernoratUrnOf ASslatiOn Idertakes lo c1nule& siJmnoteKceeding£L In theei[the cwybein8woundup wbi]sta lulius Drak< Roy VAnGeldeT, Brian Kay. ]<4 Lub OB4Penny New. BArtfjs Nitho]•rn Gift Ald. The(Jar1tyJu1htndTa1TrgLwo1was holdth) 21Novemiv 24 atStC&Ygo'5 Ha[KwerUa pffxluced irutsolE19,(All. Invltin0nd bank dwitinterc$l Was£8.)1 iÉ]I,tb4 inI1241. Dwin8theyear the (knity ErodegTanbt(1Lti8£4I,[E65,1s0 in 3Y241. lurther detadsaYeBiven instkm$7thJ 8. The nel the8rnaJ ¢In1th>Wed a d£JA22 IGI29J in 2(1241. After addoigUnreaJi garyd£l31I IlJJ95 th XT241 inVe6bTrffi thenetdeuease in hJDd$ Ql,ff 1£41&95 d¢e in XY24). Thet{ fd at11>TW&5£L803I9.c0ttw with QOIA18 a year prev¥)usJy. coryunEti(mwithmai)riHili#tivesastheyaris¢ However )shdIng was awarded thl)25. A knpinglkni&tLxllFetitK)n in M•y IJZ2 lorwhh anaward dm7,(Ki)was o¥de Énlanuary The re5p(we tothe May knallGrantsCAU resulknl ttianaward tDlaneBracW la. The ]C¢uthanF(K>l laSWaT¥I D¥YtnaVaKatwmy Grants toklkngQ6JUlwoemade to58TrKrtBraduatemusKIknpy S(1#atefOuOW1Tr8 knglia Ruski Gufjdh¥Ji&knldMv5* &Dra Nordoff and Robbins Qlle Margaret University UniveT5ityd RamPI( University olswth Wak UniVSity of theWe&tof F £Jz( £4,(IAI Pa8e3
i(L Per1(of(ley&1r{prEVll)ll thxeeyeAr51 ifthUeweveTr)lTUv res¢ dwingthattirt ii. TheinYestwtolry&tiveis ts) gUrntethEEsttoklTdurn5uiry&t¥na18ble7eyelo{t75k they¢atto30]UTL¢3)25wa$82% Itt ol 1. F4uityinvesttsYtsinClwifiind 1ettlln 102% but nderperf(Kmed theiwthJk thisyearaSaMultofM&Gsfffj hi8huyielthngUK w"ties. Our Dd irLve5ttnthts inthaT]l1d Teturrd3.9% over thesall Tnlurt%)11. M&G (knixfftd was ToassistwSth fr¥waYdpknnin8 tttha1Itrf•jVllIej•Thl tosUPF<rt•rybJle grantbl$. the CthemoT5 willappNwe&bud8et6xXQS126 and frffttastslCtj27aThdTI28ltthtj7wkn8th[nb DrDavidGyethbergwL•apTrtrd Dr JacquesiauNy w•$ apted 2r4 Ckknir %f24 M$iannelyKthwdSaP)in1l¥I cffi c1 Lady CaTobtie &Jr8 reSia rm31rt Decnber5)2I Mys An8da Hti5( reSied on 15th March2) Prolt&Mx lan cr(k$SILXI (o IW March 2)25 Mr ChrssloFkneraaYke wabappjittied on l M4Yth Dr Neta5pjTow8N1edl3)dmarth))2S Profesyr Hekn Oddl.NliDerOBE ia4irl Dr Radd DarD]ey&nith (cPutyalI Mr Ri)8uSwain (fYcasuThrl LAdy Cwoiino Bor8 Dr David Grecntorg Dr]acqlle51aunay ITsGrace Meadow$ DrNets Sptro Mr5 Su5#t) E WaLdmaD Pa8e 4
R M L Taylor ICCA & Ca I Newlnlly, Pe51e RG14 5DJ ig the 15. ONBEHAiFOFIHEPL)ARD C&QLLJL 167.169Gre4tPQrtlandSty PFIcoT l4>nd¢ W5PF OL/iol Pa8e5
FOR THE YEARENDED J)JUNE 25 ed]ur201S whhare5doulcFa8Q7I0l1. ReaponBibQllies and bawlrfreport Ab thedwity 8overnorsof theo)mpany l•ndalsoits dire£iors for the ofcompamy]awl you are resp)nsiblefoT theprepaTat¥)nof the acwunts inxrordancewith thereqwewtsol dCompanies Act21XkS I'th¢26 Adl. Having satsfied myxlf th8t tt&counts dthecomparry •reTr)irqu]red kn Iaudited under Fart16 of the J( Actand aye eiiglL Ile for irdewdentexamltjOry I rep)rt in respectd my evnvnationof your compdny'b atcounts as carried out under section 1450(the Owities Act20111'lhe2O11 Arfl. kn wgoutmy examinahon I have éollowed the DI1) givenby the CJwTityCommis(MuThders 145(51(bl OE the2)11 Art. Indtpendent examin&••tat¢menl examinarion wingtne cau b)bE]le tht inany mawiai actountthg Thcord6 wve notkeplin respwtrftheeoDwryawwvlTrd by secdon 3S6ofthe3Kb Ac¢ or the donotaccLYd with the c the&counts donol cornply wlth the xrountiThg requirSe(brn396dthe 2Cth Actother that) aThy reqyitememt that theaccthjntts wea'twe and f8irviev/ whh isnot amattw confi5dered a5 Partc4 •n IndedentalthITroti or 4. the &counl8have EKJI inattordanttwith tk prinapks of the&aiementot Recornmo)ded PraLe for repctrtiDgby tharitles lappLic•bleto charltses preparh)g their ounts in acCOrde with the Finanlial Rctingamdard appli¢ablein the UK and Ropub]ic OE Ireland (FPS Ilk2)1. I have no c(wKems and havecon* no other thaltets incormth with examithn to wbith attenti(Xl Should bedrawn Sn this Wt 5norder to thablea PTOPtt uTrJeTstsndth8of the COunts tobe Tthed. RM L TaylorFCCA On Wth]foEBank5 & Co I Carne8ie Roa4 RG14 5DI Page 6
Noteb )24 Donations 10.938 16.127 aritabje Activibes Re8e&Tth Con(eMKeTicketSa]es 19.¢Mll 3530 OtherlT*Ots ]nve5tttiait Jncome Famk dewitinletes 1,485 9,579 7fi62 6Z6n EXPENDrruRE ON: RAiSill8 Funds 331 GT4nts lo MuaicTherapkt• opinsPToiectGrant Grantsfor Reseatth Prts Tony Wi8rarnTravellinsFeUovish 17,(I)) 8,156 mlna8emt(cts 11128 Z350 Izco) IIA15 Z49) A¢rountarKy ExtenlCoJItsfftLry WeEfjit¢•thd Travelond MeetingExp (XherMana8ettLenl Cost 176 810 912 Tthal re•ourn expehdtd 89.917 I211 1S12Y NEf (LOSSI ON INVEsTAsSETs Net Gains1114>&4j oth imVeStmeThtsdwiThg theye•r 13 8.595 ,0991 14Z6951 RECONCIKJATION OFFUNDS.. Totalfvnd5 brought fon¥&d A18 24£113 180.319 8e7
STATEMENf OF TrINANCtAL POSTllON FOR THEYEARENDED )JuNE Notes Total Total fwid5 FIXED ASSFrs.. Invesrments at Market V*lue 1,795 14833 1.102 448 Debtors Cath •t bank and short 1cmdeil$ 65,044 104h89 65.4 LIABILrrIFS Creditors.. Amounts f•u1dueWithin0meye 16,165) 16.90T) NEf CURREKf ASSErs 98.524 TOTAL NEf ASSETS 201.418 180.319 X)1.418 1110 119 201,418 For the ye•t Ènded 30 lune the Compathy ffilided to t<emptim from audlt UDder &477 d Companies Act 2{. The me[n[S have not required theconwny kn obtsin •m awlil d its acLoW1 for 6DJndd year i lal ]ngthat thecomp4nykeep acC(wjnkn8rlWd5WhVthcoMpIY wlth$.3f6ofthe Companies Act 2(MN6, and (bl prep•ringa(¢owi¢swlwh 8tvea trueand lauviewof theslale ofaffairhof fv£ots)wy, as #t end of the year, and ditsWt4itor I (or Ihe fm•Thialye•T in accoTd•nce with therequirementsof 5.394 and 5 895 OE thecomparries Act andwlith otherwiseo)mpty withthe require[nts of that Art reJ)tin8 accowLt$ 8ohr a&appl¥ablE knthecompw. 06/ID were signed on its behauby." Page 8
NOTES TO IHE FINANCIAL STATEME FOR Th IEARENDEDJ)IUNE2025 ACCOUNTING POIICIFS Accotsntitigtoeti0tt The Tharity cor&titutesa pub]ick•)aita)tity asdefjned by FPS IOZ ThefinaNiaJ ststemwts have prewed onA 8oingc(xwTrba5iS undothehl5tortt cthventim and it) accOrda-eth{Jty'S deed4 the [111 A¢t%lli Ind the provi5ionb of thesttytement 0FR0MMdedPraCtiCc (SORVJ "Accounbngand Rwtsn8ty(Th¥itieJ" frRSIO The MwicTheTapy Owrlry i•aptyblieEDelitlity, 1$4efirtO by FRS)(ri endtied to Ihe Orne and theA)YKiuntc8nbequanlified with reaxmable ac(urary. Lxpendllurt Recu11[0 LiabiUtiL are TeL0p as thetetsa les•Jor constrVe0b11g•tjrncots)mlt¥Th the Thrity to that expthditure, ilio FIbIeth8ttwll1 be rquired •nd theAtrtountofthe obLi881ion cant•Sled Thably. ExpeDdit4Jre ts accounted form an8ccralb1S1&aTrO haJEen dtsg6ed underhe•dings that I88at au yelaled kn (ate80ry. Wt¥ye¢fts c•nnotE dirediy a?buted to parllcular headin86 they have beenallAa to aclivitia ts) abLstscofLStsknI with theu6eol res04L GraDL8Otferod $ubiectto ndl¥onJ havenotkn &t theyeaTaLd •Jenoted as¢ont¢ThbUln0t XCTued ÈKPd1tu. Employ¢ Thecthity 4oe&Mt ethplry knd itsGcwernor• •Trvolwiteu& Debknrn •nd tt¢elvabl¢/pay•blewithlnont year lnveiknent Poll The1nve6tttioito1veIStO8ajEt thetthIrelTr suwto&¢¢p1IiIeIe1 cé rigk Furth Tautio The companyisA cbArlry tor the Purp &Se£ts( ofthe IDcoll*ndCorFKffatiLmTaxes Act 1988 Ind u such i&eAempt from Otkib ciwilable xtivities. FILnd •(CDttnllD Untestri(ted fundscaTrbe ysed in accoTdwwiththedwsitableoiiectsve6 8t10fthe tru6tte& The(lty dcests)Ihave•nyre5trkltdhtsd DONATIONS AND CFtARTfABLEACTlVtnFS Gift aid and ¢axre£eived and&v•e Uded1kn1IS4 (3r24..fA41 and Chthlable activi £628 IW24.. L370). Page 9
Totaj COST Al l Juty 24 D&5po¥I duJingtheyeaT AlJ)jU XQ5 84,IZ2 4451 67kJTI 124,531 156.$541 67,6TI 140.4091 REVALUA110N At I July 2024 rhspo¢•]s dumg theyear ]n¢reaselldIeI knvaluedwin8theyeir At 30 J2025 052 (J. 857) CI.107) 1923 14118 14.118 MARXETVALUE At 30 lune 1,795 81.795 At30 Ju4 1(kn,174 141833 Dwin8 theyLwM&Glnvoknents thided éund dvdore had to wllits tire holdirt8ol LI8- 33.YK>for£56Jll <In1. Tht¢Jwity a160rA>ld I,fAM). (kn)unib lli its (Jwiknd Holdinss fttQ7.CfA) (2Tr4: unibwtttsold frw£49A511. NOC7wior The (Tharlty continue• tobe •nMmbtrdcharilie8 whith b•eA'ts Toyaity ri8hts i1Me held by thelAte Dtsdg¢. TheDud8eon E¥N0[lnc0mP•mY CDud8etsnCo), acted as nominee b) coll&t and diotsibute the royaitie5,' dwinstheytsu Ld8&C0 was wound up and Wither• DFBTORS Othertyebtors 474 I,IlJ2 Trade Creditors 549 6.165 6,165 6,758 Pagelo
No governots. retwwaii(m or otherbendits wep for theyw 30]une 25 i24..]ll. GovernoTh' expewe• during theye•r1202i.£&3ttyi govenxy RELATED PARTYDISCLOSURE Rogerswain, a Governtsr, waMaL4oa Drthr1TheDtsd8eIEsIateNoneec{jInpY Ltd Dydgeon Co'}whlthacthd nOMET tocoJknaTrl dknbJte)Yalti ULTIMATE COThOLLtNG PARTY The 8ovewnor&arecLmSEdered to be the uhitiwie controlbn8porty of the¢J•iity byvsrtue of their ibllity io cOmPANYDAlLs The conipany is registsyed ITr Trumi 9559>1 ts re8iStcd 1h the Owlty dwMW5PP. P*8ell