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 ll*Dberin PUTsua￿e0£JwV£e7 of the mernorat￿UrnOf ASs￿latiOn Idertakes lo c￿1n￿ule& siJmnoteKceeding£L In thee￿i￿[the cwybein8woundup wbi]sta lulius Drak< Roy VAnGeldeT, Brian Kay. ]<4￿ Lub￿ OB4Penny New. BArt*fjs Nitho]•rn Gift Ald. The(Jar1tyJ￿￿u*1htndTa￿1TrgLwo1￿was holdth) 21*Novemiv ￿24 atStC&Ygo'5 Ha[Kwer*Ua￿ pffxluced ir*uts*olE19,(All. Inv*l￿ti￿n￿0nd bank dwitinterc$l Was£8.￿)1 iÉ]I,tb4 inI1241. Dwin8theyear the (knity ErodegTanbt(1￿Lti8£4I,￿[E65,1s0 in 3Y241. lurther detadsaYeBiven ins*tkm$7thJ 8. The nel the8rnaJ ￿¢￿In1th>Wed a d£JA22 IGI29J in 2(1241. After addoigUnreaJi￿ garyd£l31I IlJJ95 th XT241 inVe6bTrffi￿ thenetdeuease in hJDd$ Ql,ff 1£41&95 d¢￿e￿ in XY24). Thet{￿ f￿d at￿11￿￿>T￿W&5£L803I9.c0ttw￿ with QOIA18 a year prev¥)usJy. coryunEti(mwithmai)riHili#tivesastheyaris¢ However ￿)s￿h￿dIng was awarded thl)25. A knpinglkni&tLx*llFetitK)n in M•y IJZ2 lorwh*h 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#￿at￿efOuOW1Tr8 knglia Ruski Gufjdh¥Ji&knldMv5* &Dra Nordoff and Robbins Qlle￿ Margaret University UniveT5ityd R￿amPI( University olswth Wak UniV￿Sity of theWe&tof F £Jz( £4,(IAI Pa8e3 i(L Per1(￿of(￿ley&1r{prEVll)ll￿ thxeeyeAr51 ifthUeweveTr)lT￿Uv￿ res￿￿¢￿ dwingthattirt ii. TheinYestwtolry&tiveis ts) gU*rntethEE*sttoklTdurn5uiry&t￿¥na￿18ble7eyelo{t75k they¢atto30]UTL¢3)25wa$82% It*t ol ￿1. F4uityinvesttsYtsinClwifiind 1ettlln￿ 102% but nderperf(Kmed theiwthJ￿k thisyearaSaMultofM&Gsf￿ffj hi8huyielthngUK w"ties. Our Dd irLve5ttnthts inthaT]l￿1￿d Teturr*d3.9% over thesall* Tnlurt%)11. M&G (knixfftd was ToassistwSth fr¥waYdpknnin8 tt*tha1Itrf•￿jVllIej•Thl tosUPFnd¢￿ ￿W5PF OL/iol Pa8e5 FOR THE YEARENDED J)JUNE ￿25 ￿￿ed￿]ur￿201S wh*hare5doulc￿Fa8Q￿7I0l1. 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 d*Companies Act21XkS I'th¢2￿6 Adl. Having satsfied myxlf th8t tt*&counts dthecomparry •reTr)irqu]red kn I￿audited under Fart16 of the J( Actand aye eiiglL Ile for irdewdentexaml￿tjOry 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 DI￿1￿)￿ givenby the CJwTityCommis￿(MuThders￿ 145(51(bl OE the2)11 Art. Indtpendent examin&••tat¢menl examinarion wingtne cau* b)bE]l￿e th*t inany mawiai actountthg Thcord6 wve notkeplin respwtrftheeoDwryawwvlTrd by secdon 3S6ofthe3Kb Ac¢ or the donotaccLYd with th￿e c the&counts donol cornply wlth the xrountiThg requir￿￿￿Se(brn396dthe 2Cth Actother that) aThy reqyitememt that theaccthjntts wea'twe and f8irviev/ wh*h isnot amattw confi5dered a5 Partc4 •n Inde￿dent￿althITroti￿ or 4. the &counl8have EKJI inattordanttwith tk* prinapks of the&aiementot Recornmo)ded PraL*e for repctrtiDgby tharitles lappLic•bleto charltses preparh)g their ounts in acCOrd￿￿e with the Finanlial Rc￿ting￿amdard appli¢ablein the UK and Ropub]ic OE Ireland (FPS Ilk2)1. I have no c(wKems and havecon* no other thaltets incormth with exami￿thn to wbith attenti(Xl Should bedrawn Sn this Wt 5norder to thablea PTOPtt uTrJeTstsndth8of the ￿COunts tobe T￿thed. 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 3￿31 GT4nts lo MuaicTherapkt• opinsPToiectGrant Grantsfor Reseatth Pr￿ts Tony Wi8rarnTravellinsFeUovish 17,(I)) 8,156 mlna8em￿t(c￿ts 11128 Z350 Izco) IIA15 Z49) A¢rountarKy Exten￿lCo￿￿JItsfftLry WeEfjit¢•thd Travelond MeetingExp (XherMana8ettLenl Cost 176 810 912 Tthal re•ourn expehdtd 89.917 I￿￿211 1S12Y NEf (LOSSI ON INVEsT￿AsSETs Net Gains1114>&4￿j 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 1cmde￿il$ 65,044 104h89 65.4 LIABILrrIFS Creditors.. Amounts f•u1￿dueWithin0meye 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 tfor£56Jll <￿In1￿. Tht¢Jwity a160rA>ld I,fAM). (kn)unib lli its (Jwiknd Holdinss fttQ7.CfA) (2Tr4: unibwtttsold frw£49A511. NOC7wi￿or The (Tharlty continue• tobe •nMmbtrdcharilie8 whith b•eA'ts Toyaity ri8hts i1￿Me held by thelAte Dtsdg¢￿. TheDud8eon E¥￿￿N0[￿ln￿c0mP•mY CDud8etsnCo), acted as nominee b) coll&t and diotsibute the royaitie5,' dwinstheytsu L￿d8&￿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 we￿p￿ for theyw 30]une ￿25 i￿24..￿]ll. GovernoTh' expewe• during theye•r1202i.£&3ttyi govenxy RELATED PARTYDISCLOSURE Rogerswain, a Governtsr, waMaL4oa Drthr1TheDtsd8e￿IEsIateNo￿￿neec{jInp￿Y Ltd Dydgeon Co'}whlthacthd ￿nOMET￿ tocoJknaTrl d￿knbJte￿)Yalti￿ ULTIMATE COThOLLtNG PARTY The 8ovewnor&arecLmSEdered to be the uhitiwie controlbn8porty of the¢J•iity byvsrtue of their ibllity io cOmPANYD￿AlLs The conipany is registsyed ITr Trumi￿ 9559>1 ts re8iStcd ￿1h the Owlty dwMW5PP. P*8ell