2023-12-31-accounts

ANNUAL REPORT ANDACCOUNTS For the year ended 31 December 2023 Nordoff-Robbins Music Therapy (a CoMp￿V iimlted by Guarantee) ANNUAL REPORT AND FINANCIALSTATEMENTS For the year ended 31 December 2023 Nordoff-Robbins MusicTherapy

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 Nordoff and Robbins Annual Re 2023 "Universal values can live in music-that is why music can become so important in the Ilves of all of us" . Paul Nordoff and CINe Robbins Welcome to the Nordoff and RobbirLS MUSK Therapy 2023 annual report. Here. we look at how we have met the need5 of our clients, our ongoing strategy and whether we a￿ on target. the money we have raised and how we have spent it. Conlenls Referente and administratNe information Emmie's story Strategic report Our irision, mission and purpose Our strategy Executive summary A message from our CEO A message from our Chair of Trustees Errovs story Music therapy Idelweryl Music therapy leducationl Research Fundraising artivities and perfomiance People and cuhu Brand and webslte li 12 18 19 .19 22 23 Structure, govemance and management Financial review Financial statements Independent Auditorfs Report 24 26 30 31 Nordoff-Robbin5 Music Therapv

ANNUAL REPORT ANDACCOUNTS For the year ended 31 December 2023 Refereno and administratl¥e inforniation Board of Trustees . Mr. D Munn5 08E Ichalr olTrustee51 (resigned I" May 20241 Ms. E Banks Mr. G Bell Ms.J Bryant (Chair of Music 5ervrce5 Committee) . Ms. S Guest Mr. H Jone5 (Chair of Finance Committee) (resigned 151 May 20241 Mrs. K A Josephides Ichair of People & Culture Commtiteel Mr. N Warnock MBE (Chair of Fundraising Committee} Mr. M Lyn Mr. M Jaffrey OBE Ms. L Noble la5 of April 20231 CEO Ms. Ssthembri 5etretwy Mr. C Oew luntil October 2023, then Ms. S Schembril StstutoryAudltor Crowe U.K. LLP. Aqvis House, 49-51 Blagravestreet. Readin& RGI IPL Bankers Coutts & Co. 440 Strand, London WC2R CQS InvestMentAdvlsors Investec. 30 Gresham Street, London EC2V 7QN 5olldtor5 8DBPitmans LLP. 50 Broadway, Westminster. Lon(k)n SWIH (￿L Nordoff-Robbins MuslcTherapy-a company Ilmlted byeuarantee {tra&mg a5 Nordoff and Robblns} The address of the registered office i5- 2 Li55enden Gardens. London, NW5 IPQ Company number- 1514616 Registered Charity number- 280960 Registered Charity in Scotland nurnber. SC048817 Nordoff-Robbins MusicTherapy

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 Emmie's story: growln8 In confidence throu8h musictherapy Emmle i8 six years old and has Down's syndrome. When she first started out at school, Emmie experienced extreme separation anxiety. After her mum dropped her off at school, She would spend each morning crying. . Emmie was referred to music therapy by herdassroom teacher. who hoped that it could help to build her Confiden￿ in relationships. as well as her independence. Embraclng muslc therapv At first. Emmie would attend music therapy with a member of stsff and would become upset if thev were to leave. Now she comes on her own with Confiden￿ and embraces her time at music therapy with Nitky. "MUSIC therapy is really helping Emmie to develop in cohr1den￿. a5 well as her creativity." Emrriie's classroom teacher ' Shake and stop is one of Emmie's favourites04 Emmie and Nickws 'shake and stop. song is one of Emmie's favourite songs to sing each week. And It is through this son&that her growth in confidence is clear. Emmie enjoy5 Liking the lead on the shake and stop son& vocalising the in5truction5 and even using physical gestures to improvise the song strurture. This is particularly significant as Emmie has delayed speech, and leading in this way empowers her to control the direction of the song. Anxlety has lessened through music Emmie's anxiety during sessions has lessened. as she is keen to arrange her and Nickws thairs in close proximity in preparation to sing the song together. MUSIC therapy has provided Emmie with the opportunity to experience an intimate musical relationship where she is both respected and valued as an equal participant. And her musical partnership with Nicky helps her to grow her confidence and autonomy in a safe spate, through music. Nordoff-Robbins MusicTherapy

ANNUAL REPORT ANDACCOUNTS For the year ended 31 December 2023 Strate Icre (￿r vlslon To live in a world where through muslc therapy. people's true potential is realised regardless of disability, illne55. or social exclusion. Our mlsslon We deliver muslc therapyto a range of clients acrossthe UK. inclLMling some of the most vulnerable people in society. We meet the growing need for music therapy by training muyc therapists and ensuring that their skills are not onfy maintsined but developed. We research music-making and its potential to inform how we can support our dients and people in challenging situations. Our purpose To break through barriers With the power of music. creating space for people to express themselves and find connection in society. Our strategy 2019- 2￿24 We are comingto the end of'the old strategy so need to report on that and yes we will touch on the new strategic principles as it will allow our team to use it as a calling card and hopefully open up conversations we want to bave. Every day we see the power of music first-hand. And every day we see the growing demand for muslc therapy within the UK. This is why our strategy to 2024 aimed to give more people access to this right. The 2019-2024 strategy ha5 four goals- Goal I: provide high qualty music therapy and increase the accessiThilty of our services across the UK. We will reach 14,338 people with 58,184 music therapy sessions by 2024. Goal 2: grow our overall income to £9m and increase our fundraisirvd income 55% by 2024 to £6.25m. Goal 3.. position Nordoff and Robbins as the UK Charity known tr) thange lives through music. Goal 4.. provide high qualty oiganisational sUPPOrt that empowets colleagues to flourish and enables the charity to succeed. Snapshoi of 2023 13,776 people reached with music therapy 49,129 music therapy sessions 389 partner organisations worked with 164 colleagues, of which 117 are music therapists171% of our workfor￿) Cost £8million to run the charity Nordoff-Robbins MusicTherapv

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 ExeCUth￿ summary At Nordoff and Robbins. we break through with mu5ic.This means we use music to break through the barriers of communication. We break through to release peoplds potential. And we break through. gwing people a connection and pla￿ to thrive. This ￿ because there are so many people. due to life circumstances and the lack of 5UPPOrt in society. who find theMse￿eS isolated. Who struggle to access all that music has to offer. And music has so much to offer. We offer this through music therapy. But we also educate the music therapists of the future. as well" a5 undertake research into music therapy and the wider soaal value of music. In 2023 we reached 13,776 people with over 49,CO) therapy sessions. This means we need to Increase our reach by just over4% to meet our strategic goal of 14,338 for 2024. As we look forward, we are committed to increasing the number of people we reach and helping them through music therapy. Fundraising income decreased from 2022. totalling £3.7 million, in the midst of a tost of living trisls and ever-changing landscape. This allows us to reach more people with the kKJwer of music. We thank each and every donor that invested in our mission. Of our 164 colleagues, 117 are music therapists. We employed 21 graduates from our Nordoff and Robbins Masters in Music Therdpy in 2023. We are committed to the three strands of our mission= Education. Research and DelNery. A5 we look ahead towards a new strategy. we will continue to champion and grow the use of music, reaching more people in more pla￿5. Nordoff-Robbins Music Therdpy

ANNUAL REPORT ANDACCOUNTS For the year ended 31 December 2023 A rnes5age from S￿dra Sthembrl, ￿0 As we look back at 2023, it has been a year of ups and downs. Forthe industry. for Nordoff and Robbins and for music. But before I get into this. I have to start with David Munns. Thank you to Davld, Howard and Neil It Is impossible to explain in just a few sentences the impact that David has had to Nordoff and Robbins in his time a5 a trustee and chair. We simply wouldn't be where it is today without his support. From overseeing the merger with our SCOtt￿h sister organisation. becoming a UK-wide charity to weatheringthe stom of Covid-19 and making it through to the other side, alongside many, many unforgettable fundraising events and unwavering support for the clients we work with. During his time we have seen an increase in nearly 900% otclients we work with, and nearly a 290% increase in therapists. These figures are huge. And do not happen by chan￿. It dedication to our mission. We also owe both Howard Jones and Neil Warnock a debt of gratitude and everyone at Nordoff and Robbins sincerely thanks them. As we say.goodbye to David, Howard and Neil from our board, we are also thrilled for Emma Banks to be stepplng into the role of chair of Nordoff and Robbins. supported by the excellent Lucy Noble as vice-chair. A hugely ￿Sperted figure in the music industry and beyond. we are grateful for Emma'5 time, presence and energy as we now leave the challenges of recent years behind and look ahead to a bright futu￿. Our people keep the music playing Without music therapists, there is no music therapy. And without the people driwng fundraisi building sUPPOrters and awareness. keeping us with equipment and making sure people are paid- we simply wouldn't be able to funrtion. Which 15 whywe are committed to oUrworkfor￿. Compared to 2022. we saw an increase of colleagues by 30%, and we employed 21 graduates. This all means more people reached and niore music therapy. But also that it costs mre money. The ups and downs of 2023 Challenges to the Charity sector come thick and fast Whether it was the pandemic, the cost of living crisis or the current challenge5 around fundraising. But we know we are in a fortunate posttion. Fortunate that we still have our doors open when many other5 do not. And there are so many win5 for us from 2023. whith include.. Reaching nearly I4,0￿ people with musictherapy. Workingwith nearty 4(Kl partner organisations forthe first time ever. Our first ever music therapist placed in residence at Mar)thester based multidi5ciplinary arts venue. Contact. A significant step within our research, with the apFointment oftwo dedicated researchers. Alan Wells, one of our Manchester-based students, won the British Journal of Music Therap¢5 Tony Wigram prize for the best student essay of the year. Nordoff-Robbins MusicTherapy

ANNUAL REPORT ANDACCOUNT5 For the year ended 310ecember 2023 Celebrating new and current charity partners from Spe¢sa¥ers. Pi12aExpress. ASM Global and Monkey.Music-all raising over a staggering £lmillion. The amazing events portfolio that includes the 02 Silver Clefs. Carols, and of course. the launch of the Northern Music Awards in March. Launching.a brand-new look and feel for Nordoff and Robbins, a$V￿lI a5 a new website. But the realty is we still need to raise more funds. More funds to meet our strategic ambitions of reaching more people. More ways of bringing in income. $0 if our events have to be cancelled agaln we survive. And more ways to collaborate with people. Which leads us all into our next chapter. A new chapterawalts As we come towards the end of our 2019-2024 strategy. we are lookin8 into the next 4 years. Our mission doesn't change. We wantto reach more people with music therapy. But to do this. we need help. We believe music and music making can play a part in the health and wellbeing of everyone in our society- We believe music can create opportunitie& That it can reach and help some of the most isolated people and communities across the UK. And that it can create social change. focusing on people's ability and potential, and rnt their disability. But we also khow that we can't make all of these chan8e5 on our own. We need to collaknrate through partners across the UK. Sandra Schembrl CEO, Nordoff and Robblns Nordoff-Robbins MusicTherapy

ANNUAL REPORT ANDACCOUNTS For the year ended 31 December 2023 Messa8e from Chalr of T￿￿tee5. Davld m￿nS I have Nordoff and Robbins In my blood This is somewhat a bittersweet message as it is my last as Chair of Nordoff and Robbins. l am sad to say goodbye, but proud to have been part of this Charity and proud that we have helped so many people. I have this charity in my blood because in life we don* just use music to entertain, we must also use the power of music to help those who find It difficult. if not impossible, to commvnicate in any other,way. Ag I reflect back on the last 13 years as Chair and over 30 Yea￿ supportin& I realise that Nor(loff and Robbins has been through a great deal of change. We have gone from a small charity in London and the South East wtth a handfijl of therapists to becoming a national charity with 117 therapists. We merged wtth Nordoff Robbins Scotland, moved the Master of MusicTherapy programme into new regions and survived through some of the toughest times charities have ever seen, the 21Xb&financial crisis and Coviik19 to name two. And all the while, continuing to meet the need of people less fortunate than oUrSe￿es. We've still got so many more people to reach who would benefrt from music therapy so I consider it vital that Nordoff and Robblns continues to expand its actNities. The safest pair of hands I know However, it is now time for someone else to help steer this organisation. So l am handing over to some of the safest hands I know in both Emma Banks and Lucy Noble. who have agreed to tske over the Chair and Vice-chair positions. I know they will make a huge contribution in driving Nordoff and Robbins forward into a new strategy. and a new chapter for the Charity. Thank you I'd like to take this Opportunity to thank some special people who have Lwn a part of this journey with me. Firstly to Emma and Lucy, for everything they are atrM)ut to do for Nordoff and Robbins, even though they have done so much already. To the rest of the board members: Markjaffrey, Mewn Lyn. Sophie Guest, Graham Bell. Karen Ann Josephides, Jane Bryant and trustees past and present. Thank you for your energy and commitment. To Hovrard Jones IFinance Committee Chairman) and Neil Warnock (Fundraising Committee Chaimianl, who, after many, many years of support for Noidoff and Robbins are abo stepping down from the board in 2024. Thank you for your tireless energy. Thank you to our event Chairs,- Carl Leighton-Pope, Jake Leighton-pope. Chris Wright. Emma Banks . lagainl, Rebecca Kane Burton, Andrew Wilkinson, Richard Griffiths. Donald MacLeod OBE, Geoff shreeves, Toby Leighton-Pope, Dan chalmers and Victor Ubogu. And to Merck Mercuradis for your support towards the Carols. All these people. and many more, continue to ra15e vital funds for Nordott and Robbins. We saw the impact of105ing our events income during the pandemic 3nd we'd be lost without you. Nordoff-Robbins MusicTherapy

ANNUAL REPORT ANDACCOUNTS For the year endèd 31 De￿mber 2023, Of course in the end ivs all about the musiG therapists that we have based around the UL an(1 lrfs all about the work that they do. I have always been consCiOUS that without their hard WO￿ and dedication, Nordoff and Robbins would not exist. l urgeyou all to keep supportiThA this amazing(harity The pandemic may seem to have come and gone but realisticalty we're still in a crisis. Funding hasn't recovered to pre-pandemic levets and on top of that there's a cost of living crisis. Interest rates are risin& costs for the Chartty are increasing and people's gNing habits have changed. Yet demand for music therap'y has never been as high. We're seeing increased referrals. increased isolation in society. increased mental health challenges and more people living wirh dementia. So we need to do mo￿. because in the grand scheme of things. the￿ are still $0 many people we can help. This is why l urge every single one of you to continue to support Nordoff and Robbins, work. Continue to attend events lespecially our flagship event. the 02 Silver Clef lunch). contlnue to spread awareness and continue to donate. Although this is goodbye. I will a￿ayS support Nordoff.and Robbins, and no doubt see someof you at events in the future. It has been a complete honour. David Munns OBE Chalr of Trustees. Nordoff and Robblns Nordoff-Robbins MusicTherapy io

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 Errors story: showlng hls potentlal through muslc Errol suffered a head injury following a road traffic accident that dramatically affected his speed), cognition, movement and his connection to the world around him. In an instant, his life was turned upside down. There is strong evidence that shows how effectNe music therapy can be for people living with neurological conditions. It improves functional movemenL awareness and can bringjoy to their lives through the positive connections made to ot￿r$. Which is why Errol started having music therapry with Oli, his music therapist. Oli works with Errol at Headway East London, a fantsstic organisation supporting people living with a range of brain injurie5. There is sixnethln8 In musit that helps hlm reath out Despite the massNe trauma Errol has suffered, there ￿ something in music making that helps him to reach out, to be a part of things and to have wider and deeper experientes Wthin his life. Oli said "Errol has a stron8 creative identtty and in our weekly music sessions we improvise, slng and explore his rich musical history. I'm always listening for opportun￿e$ for us to connect and be in the present, together in music My hope is that the sessions become a place of safety and trust for Errol. a space for him to express and be in a state of flowthat may rKIt always be available in other parts of hi5 Ilfe." A space for hlm lo expres5 hlmself In their music therapy sessK)ns. are listening to each other. Iwilding the song up, exchanging vocals and enjoying timè together. Something that is ￿ntral to the approach we use in muslc therapv. At Nordoff and Robbin5 we celebrate our Clients as musicians. for who they are, as creatfve people, focusing on their potential and what they can do. regardless of illness, disabilrty or life circumstance5. Nordoff-Robbins MusicTherapy li

ANNUAL REPORT ANDACCOUNTS For the year ended 310ecember 2023 Muslc Se￿1 DeNv 2023 was the first year since 2019 in which our services were not impacted in any signrficant way by Coronavirus restrictions. We delivered 6% more sessions and worked with 17% more people than in 2022. 389- Cvmulatrve number of partner organisation organisations we worked with 13,776- Number of people we reached with our music therapy 49.129- Number of music therapy sessions we held 164 colleagues in the Nordoff and Robbins workfor￿, of which 117 are music therapists 171% of our workfortel What our clients say In the last 3 years we carried out 119 evaluations of our services in partner organisations around the country. Questionnaires about the impact of our services were sent to clients, as well as family members, carers and staff who SUP[￿rt them. 93% said that music therapy enables the people we work with to engage in music. 22% of these responses were made by clients. vthilst the rest were made by peoplewho know our client5. 91% of respondents said that music therapy helped improve interact￿n, communication and relationships for our clients. 24% of these responses were made by our clients. whilst the rest were made by people who know our clients. 85% of respondents said that music therapry improved a clienvs quality of life. 27% of these responses were made by clients, whilst the rest were made by people who know our clients. 92% of ￿spOndents said that they would recommend our work to others. 8% of these responses were made by clients. whilst the rest were made by people who know our clients. 94% of respondents said that music therapy had a POSitNe impad on ar) organisation's atmosphere. 7% of these responses were made by clients. vthilst the rest were made by people who know our clients. The reason people may fill out a form on behalf of our clients is because many of our clients are r￿n- verbal. Provldln8 quallty muslc therawi Delivery of muslc therapy Oui goal is to prowde high-qualty music thernpy to our clients, whilst increasing the aC￿sSIbl11tY of our services across the UK. We believe that musit therapy should be available to the people who stand to benefit from It most due to their disakn'lity. condition or life circumstance. We are working to make our seNi¢es MO￿ acceSsi￿e ￿ overcoming the following barriers.. geographical. indi¥idual conditionlcir¢umstsnce and financial. GeograFthlcal In 2023 we set up new seNces in more pla￿5 across the UK. In particular, we started services in areès where the￿ is cuffently limited musictherapy provision such as East Yorkshire, Perthshire and Teesside. Nordoff-Robbins MusicTherapy 12

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 New pilot projects are now underway in over 50 organisations. including.. A prison in the East Midlands A hospice in Hampshire A children's hospital in Biminghar A mother and baby unit in Kent A centre for adults with learning disabilitie5 in Oldham A young person5, community mental health project in Perth A dementia care home in Paisley Addition31 needs units in South Wales schools A mental health drop-ln tentre in north London. Indivithal conditionldrcumstsnce We continue to make Services accessible to people Itving in the community through our Open kcess. It Is important for us to place our services within the settings whith seNe some harder to reach clients. For many vulnerable members of our communities, without this provision, access to music therapy would be impossible. For example, we are aware abo￿ the growing need for support of refugees from around the world, and the limited accessibility to therapeutic provlsion for these people. In 2023. we delivered music therapy in 5 centre5 SUPPOrting refugee5 and asylum seeker5. Wlth many traumatised by thEir experience of conflict in their homelands. by their travel to safety and by the current circumstances living as a refugee in our society. These multiple layers of trauma impact their well-being on many levels and music therapy services offer opportunities for building trust and connection, developlng confidence and being celebrated as a valuable member of society. For example. at Sola￿, a Leeds-based Charity. providing psychotherapy and 5UPPOrt to the survivors of persecution and exile, our therapist, Seb, worked with 40 different tlients in l-l sessions. groups and even public performances in conjunrtion with Opera North and the Playhouse Theatre of Santtuary. Collaborative music-making between clients and therapist takes place in different forms- from clients being accompanied as they share songs from their own cu￿Ure to songwriting as well as circle singing and learning new skills of playir)g musical instruments. These sessions help people to communicate without the need for common language. Melody, rhythm, and harmony bond group members together no matter their background. The sessions help build relationships, reduce isolation and build participants. confidence not only as musicians but as valuable contributing members of society with a common purpose. Quote from a Solace service user. "Seb is o music therapist who hGTs been working with me to help me work on my troumos ond heal through my musicGI talent&..Hes helped me discovermyself mu%colly and neverpushed me toofor. Seb is a part ofa beautifulchority who dedicate rheir time to help people like mefind their voice ond soor...So glod to hove metyou ond work with you. I wouldnt hove it any other way." Within each partnership organisation, we work Close￿ with the multidisciplinary team5 to develop an efficient and appropriate referial system helping us to reach clients who stand to benefit most from music therapy. Our therapists are trained to support multidisciplinary teams with identifying specific referral reasons for music therapy (for example communication barriers and resU￿1ng social isolationl Nordoff-Robbins MusicTherapy 13

ANNUAL REPORT AND ACCOUNTS For the year ended 31 De￿rnber 2023 at thesame time as to learn from the expert professionals withln the partnerships about the specific n￿dS oftheir dlents which can be supported through m￿C therapy. Fees for muslc therapy We knowthat for some orB3nisations or individuals, fees for mwc Se￿￿5 are a barrier. so we provide all of our sefvices within our centres and bases free of charge. Our work in Open Access community settings is alsci provided free of tharge alorE with some intr.oductory pllot projects In 3 range of settings Whe￿ we collaborate with partner organisation5. For those we do charge fees to. run a subsidised model so that we can reach more people with the resource5 we have. At the end of 2023. 25% of our services were belng delivered either free of charge orwith our highest levels of subsidy and 75% wth lower levels of subsidies. In person or onllne musk therapv ' We took a lot of leamings from online music therapy during the pandemic. and we continue to deliver online where it is useful. In 2023. 1.5% of all our delivery5ervrces were offered online. For example, we continue delivering online se55ions alongside face-to-face sessions in children's hosplces where some clients are unable to access face-to-face. We also deliver ac￿$$1b1e music learning sessions online for people who want to learn mu5ital skills but find it hard to engage with traditional lessons for reasons linked to illne55. disability or life cirCu￿stanCe. The mother of one of the 18 people from accessible music learni￿ sessions said: "[My son SJ confidence h¢75 grown immenselyfrom working with you. not only does he enjoy andlook fo￿ard to seeing you. but yoursessions hove given him 5tobility in the midstof a difficultfamily Our dellve numbers In 2023 In 2023, we provided 49,129 music therapy sessions, a 6% increase on 2022. Through these sessions we reached 13,776 people. 3 17% increase on 2022. This increase in delivery is due to the recruitment of 23 graduate therapists through our Graduate Employment Scheme. We worked within 389 partner organisations, delivering everything from servi￿5 which continued throughout the year to short term pilot projerts. This total is an 8% increase compared to 2022 and reflects the many new pilot projects we Continue to set up in dTfferent organisations. Graduate Em ment Scheme 20Z3 saw ¢wr education and deliyeryteams work together to develop opportunities forthe graduates from our Master of Music Therapy training programme to join our Graduate Employment Scheme {GESI. During the first eight months of 2023, the graduates from our London training programme recruited through GES 2022 completed their probation period and became fully integrated into the regional teams. We were incredibly fortunate to receive funding towards.this graduate intake from the J. Brenda Hoskins Trust augmented by funding from the players of People'5 Postcode Lottery. The subsequent graduate intake, in September 2023, has been one of the largest GES programmes to date, with 21 graduates from the Nordoff and Robbins Masters programme and 2 graduate5 from other UK music therapy training programmes. They are mainly based in northern England. as the Nordoff-Robbin5 MusicTherapy 14

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 trainlng cohorts which graduated in 2023 were in Manchester and Newcastle. However. some are in other parts of the country including London, South Wales. Scotland and Birmlngham. and are delivering work in a wide range of settings. c.hart below: The range ofdlentgroup settiry In wojects beln8 deltvered byGES 2023: Mus1¢ therapy delivery- people and places we worked wlth during 2023 People We worked in partnership with 389 organisations ran￿ng from schools. care homes, hospitals, hospices, secure mental health unr¢s and brain injury units. Thays 30 more organis*ion5 than the 359 we worked in during 2022. Most partnerships active in 2022 continued into 2023, but 50 ended during the year. This was mostly" due to the orEanisation not being able to afford our sub5idised service charge, or in Some ca5e5 due to changes wf(hin the partner organisation meaning they We￿ no longer able to accommodate our services. This is 21 more partnerships than ended during the previous year. and 15 mainly down to increased funding challenges, particularty in the education sector. The chart below shows the distribution across different region5 of the UK for the 13.776 people we worked with in 2023 in over 49,CW sessions, compared with 11.807 people in over 46,iKJO sessions in 2022. Nordoff-Robbin5 MusicTherapy 15

ANNUAL REPORT ANDACCOUNTS For the year ended 31 December 2023 CharL. Clients by region 2023 Chart: alents by re8lon 2022 12% 15% 11% 13% Places In 2023 we continued to work in a vAde range of organisations, with clients of all ages, health conditions and circumstances. The charts below Show that our work with clients across different settings remained broadly the same between 2022 a￿1 2023. a5 we continued focusing on groups who face the greatest communication challenges and social isolation. Nordoff-Robbins Music Therapy 16

ANNUAL REPORT ANDACCOUNTS For the year ended 31 December 2023 Chart: Dlstrltsrtlon of ser¥l¢es by type of setting atthe end of 20231%) Chart Dlstrlbution of ser%rytts by type of setting atthe end of 20221%) 14% 57% 5% Supporting and nurturin8 hl8h quallty wlthln muslc therapy delivery Ourfocus is our clients, end we are committed to delivering high quality of service to them. TD make. sure this happens, we run a quality assurance programme for music therapists. which consists of supervision, workplace visits, continuing professional development events and ongoing daily support. As we grow our services, we continually invest into development opportunities for our music therapists, in order to be able to provide these multiple formats of support. For example, we now run a supeNision mentoring scheme for new supervisors. supporting the development of future supervisions and with it to continue providing high qualty of musictherapy. Looking ahead In 2024, we will continue to make our high quality music therapy services more accessible. Along with consolidating our work with the 2023 graduates. we wll continue with our strategic ambitK>n to open a new music therapy centre in Salford, Greater Manchester. We are also planning to review and modify our Graduate Employment Scheme, as well as review our funding model for delivery. We are also planning to review our open acces5 services and accessible music learning models. Nordoff-Robbins MusicTherapv 17

ANNUAL REPORT ANDACCfjUNTS For the year ended 31 December 2023 Educatlon Ever slnce Paul Nordoff aNJ Clive Robbins started collaborating to develop thelr approach to music therapy, training and education have been at the heart of whatwe do. We've been training musicians to work as music therapists since 1974. gNing them the latest skills and thinking to use the ty)wer of music to help others. For education. 2023 was the first year where we felt fiJlly"txJst-pandemic" and this opened up new opportunities for both students and tutors. We have managed to incorporate the learnings gained during the pandemic, especially about using technology where helpful, into tr￿th teaching and music therapy delivery. A new book on music therapytrnlnin& published in the USA in 2023. devoted a chapter to describing the development of Nordoff Robbins music therapy education and training in the UK under the banner of our academic descriptor"MusK, Health. Soaetf. Master of Muslc Therapy Immfi tralnlng programme The MMT programme is a two-year full-time training which equips musicians to become Health and Care Professions Council IHCPCI registered music therapists. with teaching bases in London. Manchester and Newcastle. Training music therapists in multiple locations is a key part of our strategy for making music therapy more available to more people in more'place5. In 2023, 23 students graduated from the training programme in Manchester and Newcastle. Most of these graduates went on to join our Graduate Ernployment Scheme, and are now working for Nordoff and Robbins Music Therapy, delivering music therapy across the UK. We were delighted to be able to welcome a new cohort of students in Newcastle and Manc￿Ster in September lalongside our existing London cohort, which moved into its second year on the programmel. We continued to extend opportunities for students to learn from speakers who are experts by virtue of their experience of living with particular diagnoses. of caring for fami￿ members or friends, or of immersion in particular musical scene5 or genres. We also continued our focus on decolonising the curriculum by specifically encouraging students to question assumptK>ns that are often taken for granted in the profession of rnu￿c therapy. in mU￿C education. or in health and Slxial care. Highlights of 2023 included: Alan Wells, one of our Manchesterthsed students. won the British Journal of Music Therapvs Tony Wigram prize for the best student essay of the year. This had it5 origins in one of his MMT assignments and considers the opportunities and limitations of technology within music therapy prartice centred on an individuafs needs and aspirations. This was published in the journal as"Finding a pathway through music therapy- supporting a woman with cerebral palsy to access her communrf. For the first time we were able to hold One of our Intensiveweekends Iwhich bring together all of our students and tutors in one place twice 3 yearl in Newcastle. A5 our centre in Newcastle is too Small to accommodate everyone, this was an exciting collaboration with local venues and our frier￿S at Newcastle Universtty. We held our graduation ceremony at the Stoller Hall in Manchester, where we were able to celebrate our students. achievements along with guests from the Royal Northern College of Music and Goldsmiths UnNersity of London. Nordoff_Robbins Music Therapy 18

ANNUAL REPORT ANDACCOUNTS For the year ended 31 De￿mber 2023 PhD programme Oursix-year, part-time PhD programme offers opportunities foreyperienced wactitioners from music therapy and ￿lated areas of work (including Community music) to develop hands-on resea￿ h expertise whi15t developing a better understanding of the work they are already embedded in. This produces original work which speaks not only to music therapy but to the wider world of musical work with people. Diiring 2023, Maren Metell completed her doctoral thesr5"Pictudn8 musical accessibility- Co- creating music therapy with disabled chIld￿n and their families". which was infomied by participatory action research, emanclpatory disability research and ethnography. Her thesis is now awdilable online via the Goldsmiths Research Online website. It has been hailed as a major contribution to the understanding of how music therapy with families can be considered as collaborative action, as well as being Significantty methodobgically innovative, drawing on the use of illustration as a means of engaging with data. Maren is rtow teaching at the University of Bergen, Norway. Research It was a slgnificant year of progress with our researth. as we appointed two dedicated researchers, who will be working alongside our music therapists and our music therapy students to help us to reinvigorate our in-house research activities, which were put on Fb)Id IkJrin8 Covid. Highlights for 2023 included: Afra Jurkiewitz's article linked to her therapist-led research project on her work with marbl'nalised mothers in the North4ast of England was published in thejournalof Trioland Error. A randomi5ed controlled trial IRcn investigating music therapy on an NHS neurologlcal rehabilitation ward in London was launched in partnership with the National Hospital for Neurology and Neurosurgery INHNNI, part of the UnNersty College London Hospitsl NHS Foundation Trust. This RCT is unusual in incorwrating a qualitative arm which will focus on patient and staff, and carer experience as well a5 ori the impact of the R￿ on the music therapy service. Data collection will continue into 2025. In 2024 we expect to launch a major project fo¢￿ing on the contribution of music therapy to dementia care emvimnments. Fundraisi activitie5 and rfomian We are grateful to our tommitted supwrters. donors, and volunteers for their unwavering support in 2023- collectively raising over £3.7 million. In the midst of a cost of living crisis, we know the impa¢t it Ss havlng on homes and businesses, so we couldn't thank everyone enough. A big thank you to Kal Ihugroo, CAA Agent, who swam the length of the English channel in .September, raising an incredible £4,71y), and our 5 marathon runners who raised £14,2(KJ. Charity Partnershl In 2023, Partnerships continued the success of the prevKJus year by once again raising over £1 million. This is thanks to our amazing partners such as PizzaExpress, fundraising and donating from each Padana pizza, and the followng: Nordoff-Robbins MusitTherapy 19

ANNUAL REPORT AND ACCOUNTS For the year ended 31 Oecember 2023 Muslc Mudder Music Mudder. in collaboration with Wasserman Music. took place for a third year. This Mus￿-. inspired enduran￿ event raised over £61,(KJO and engaged more than competitors across 52 team5. including Live NatlDn, ASM Global, n￿oK and Pi2zaExpress. We're delighted to confirm that this event will take plKe again in 2024. ASM Global 2023 saw the launch of a new three-year partnership with ASM Global. who manage UK venues such as OVO Arena Wembley. AO Arena Manchester and P&J ￿ve Aberdeen. The three-year partnership has been rolled out across their UK venues. with onEoing fundraising and awareness initiatives for stsff and visitors. ASM Global also sponsored the Best Group Award at the 2023 02 Silver Cbef .Awards. Specsaver5 Ongoing Scottish Mu&c Awards Headline Sponsor5. s￿SaVer5. also came on board as a partner, foCu￿ng on our Scottish rewonal work. Specsavers generous￿ donated £50,000 to kick start the partnership, creating a film highlighting the delivery of music therapy at ENABLE Glasgow, who provide supported living service5.fof those INing with lear.ning disabilities. Monkey Muslc Monkey Music celebrated tts 30th anniversary by smashing their £30,IXKJ fundraising target for Nordoff and Robbins. Numerous fundraising parties took placeacross the country as well as over 20 people taking part in the Royal Parks Half Marathon. ' Other fundraising highlights Other highlights include The Truants raising over £129.000 from their bike ride in Argentina, The Heavy Metal Truant5 raising over £37,(MJ) during their annual bike fide from Alexandra Palace to Download Festival and our fantastic London Marathon runner5 rai5inE over £14,Otxi. Artlst En8a8ement Engagement from artists is vital to our work and success. We've seen centre visits from a number of artists in 2023 including 02 Silver Clef winners Raye and Neneh Cherry, and visits to partner organisation5 from Brffy Ctyro and Mark King. Soundwaves Art Foundation raised over £46,(￿ in 2023 and The Who raised £75.1)(K) from their incredible gig at Sandringham Estate in Norfolk. Events In 2023, we delwered a full events programme. and we were grateful to see all of our sponsors and supporters there with us. As we go into 2024, we will bok to tontinue to build our events wrtfolio, increasing fundraising and awareness of the Charity. Race Day Nordoff and Robbins Music Therapy event calendar kicked off in April with one of the music industrfs favourite events, the fsace Daywhich was supporte(I by long stsnding 5ponsorsTysers Live and Simkins. For the first time in the bng hlstory of the event the rxlng was abandoned in the Nordoff-Robbins MusicTherapy 20

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 n￿rnIng due to a waterlogged grourKI. Incredib￿ everyone still turned up in support of Nordoff and Robbins and a record-breaking amount Wa5 raised in live auction. Golf Day The Golf Day returned to its new home ofthe Lambourne Golfclub in Be￿shire. Teams from the worlds of music, business and sport c3me together for a day packed with camaraderie and gentle competition. We saw sponsorship from Raymond Well and TYse￿, as well as 30+ golf hole sponsors, with branded banners across the course. Wine Dlnner The annual Wine Dinner for the M￿￿C industry was held again in May at the home of Berry Bros. & Rudd, Britain's oldest wine merchant. We were delighted to welcome back YoLbTube Music as headline sponsors for the event. 02 Sllver Clef Awards Lunch Our flagship event the 02 Silver Clef Awards Lunch was held on 30th June which has been supported by 02 for over 20 years celebrated the award winners Stormzy. Gregory Porter. Mark Kin& Biffy Clyro. Adam Lambert, Neneh Cherry. Ayana Witterjohnson, Wet Leg, NovaTwins. N-Dub2 and Raye. Carol Serulce We ended the year wth the Carol Service in December. which benefited from a ￿freshed format and a rocking roof lifting performance by the Kaiser Chiefs. The event Wa5 sponsored by Hipgnosis for the fourth year. Last year we were sUPPOrted once again by our third-party events (events ran by others in support of Nordoff and Robbins Music Therapy}. including- Legends of Rugby Dinner. Honouring Alex Goode and Emity Scarrett Legends of Football= Honouring Emma Hayes and lan Wright Music Industry Trusts Award= Honouring Lucy Dickins The Scottish Music Awards ISMAsl- celebrating iY5 25th anniversary, the SMAS has become one of the most celebrated nights in the Scottish events calendar. Local and intemational talent from acr05S the industry are recognised, with Sir Elton John, Davey John5tone, Barbara Dickson, The Snuts, Dead Pony, and Middle of the Road all being awarded. The evening showcased the emerging and established talent coming from kotland with Dead Pony and Middle of the Road who perfomed alongside rapper Bemz. 5inger-songwriter Callum Beattie, Katie Gregson-MacLeod and Joesef, and a performance by Bay City Roller Stuart 'Woody' Wood. Trusts and foundations Our thanks go outto the BRIT Trust for their generous support for our Pilot Projects and Masters Programme Student Placements, and to our othertrusts and foundations for their crucial contributions. This year their support has helped us to improve our facilities for people with disabilities in the London Centre, and make sure we continue to increase ac￿sSibility to music therapy for the most vulnerdble people in our society. Our supporters include: Universal m.usic Group Sony Music Entertainment UK Nordoff-Robbins MusicTherapy 21

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 The People's Postcode Lottery The Garfield Weston Foundation City Bridge Trust The J Brenda Hoskins Charitable Trust The Band Trust The Mill Charitable TnJst Peo le and cutture 2023 saw our teams in the charity grow, stretch and thrNe as our culture of coaching and collaboration continues, fuelling connection and community wtthin our work at Nordoff and Robbins. Continued support wellbein& and learning and devek)pment for colleagues old and new has developed a progressNe, cohesive, and healthy environment where colleag￿5 are engaged and valued. Open and transp3￿nt tjvo-way communication is at the heart of our culture. Ask Us Anythinls (all colleague Zoom calls) are fundamental in our internal communications, as are the'coffee and catch UPS, With the CEO which continue to drive forward our'nothing for you wrthout you, principle with regards to ideas, views and the opportunity to ask questions freely. Regular organisational updates throughout each month mean that colleagues are kept well irrformed in spite of not being in the same geographical location. Regular colleague check ins, 1-2-Is and Deep Dives mean that we can make sure that everyone has the tools, knowledge and skills they need to flourish and succeed. Each year we take part in a Charity Pulse survey. giving our colleagues the opportunity to anonymously feedback to us. In 2023. the Survey report fed back that Nordoff and Robbins continues to malntsin a Strong￿ engaged workforce and retalns excellent ￿ve1$ of staff satisfaction across many areas of working life. One colleague wrote: The big pirture is thotNordoff ond Robblns is a ¥vonderful place to work, with 50 many inspiring und supportive colleogues to work alongside. Ifeelproud to represent this organisation andfeelfulfilled by the work I hove theprivilege of doing with the dients I meet." Our annual all collea8ue gatherin8- NoRFest- was in person a8ain in 2023 and saw us at the *abulous Bridgewater Hall in Manchester. Being able to hold the event in a city so close to the heart of Nordoff and Robbins was a joy and our tolleagues fed back to U5 how much they valued belng about to meet outside of London. This yearfs focus was our upcoming new strategy, and we were able to share our early thinking and get every colleague involved in helping us shape the strategv. Hearing many dimerent voices from across the organisation proves very popular. and we will be continuing this in 2024 and beyond. The second day was full of CPD Icontinuous professional developmentl and external voKes to further support and develop all colleagues. Looklng ahead- Contlnued development of wr People 2024 will see ongoing training and development, both from internèl and external providers, and formal and informal CPD, to allow colleagues to access what they need, to learn at their own pa￿, and to give them every opportunity available to them. Our Equity, Diversity, Inclusivity and Belonging IEDIBI work continues to Brow and focus on real, tangible change that will benefit colleagues. clients and students both now and long into the future. We have benchmarked our EDIB work so far with Talent Inclusion and Diver5tty EvaluatK)n (TIDE) and Nordoff-Robbins MusicTherapy 22

ANNUAL REPORT AND ACCOUNTS For the year ended 31 tyecember 2023 will work in partnership with the Employers Network for Equalty and Inclusion IENEII to ensure we continue to strfve for eXCel￿nCe. The next phase of our culture plan will continue to see us cement our People First principles and our place as a leader in posttive workplace cufture. Valued behaviours and core cuitural principles are front and centre in all of our recruitment. deep dives, wlicies. and all other areas of the colleague lifecycle. We remain committed to persor)alisation and an understanding of the ever changing landscape and the new land existing) challenges our people face means we are able to flex, adapt, and tailor the support required with a human-to-human response, rather than proce55 and procedure. Bland and webslte Introduclng Nordoff and Robbln5: A new look and a new webslte In February, we rebranded and launched a rthv website. We madethe decisK)n to rebrand so that we could expand our vital services to more children and adults across the UK, and to protect current and future funding for music therapy delivery. education and research. With our clients and mission at our core, we refreshed our purpose, putting accessibility front and centre and amplifying the power of music through a new webstte. tone of voice. vibrant palate and logo. Developed alongside award-winning design agency Pentagram and digital agency Hex Digrtal, our new identity is designed to be vibrant and accessible. in t*)th look experience a￿1 language. In response to the growing need for must. therapry, our main focus as a charity is to increase the accessibility and availability of ourtrdnsformatNe services. To do that it is vitsl that we reach more people across the UK and communicate the px)wer of"music and tlE benefits of muslc therapy. With this new identity. our aim is to turn up the volume. These changes start right at the top. with our name. Before. we were known as Nordoff Robbins. Now, we are Nordoff and Robbins.. a small tweak, but a telling one. And our research has validated this, showing that the'&. be￿leen our name has Increased brand trust each month by several percentage points and by a5 much a5 10% in certain months. The new name clarifies the fact that Paul Nordoff and Clive Robbin5, the charl￿S pioneering founders. were two drfferent people. Our approach to music therapy is based on the understanding that every ￿r$On is unique and needs to be treated as such, and that applies as much to our founders as it does to our clients. The new name a150 helps communicate the sense of connection that is fundamental to our work. In our new IOEO, the 'and' is rendered as an ampersand that bridges the two inTtiats. This rellects not just the unbreakable ￿lationShiP between the two foundefs. but the profound connettions that are built each day between ourtherapists and their clients as they communicate through collaborative music making. Created ty a single line. the ampersand is also inspired by the shape of sound waves, inspired by the music that runs through our DNA. Nordoff-Robbins Music Therapy 23

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 St Nordoff-Robbins Music Therapy is a registered charrty in England and Wales (number 2809601, a registered charity in Scotland (number SC0488171 and is constituted as a charitable company limited by guarantee (registered in England and Wales with company number 15146161. The charity operates under the abbreviated name Nordoff and Robbins and is governed by its memorandum and articles of association dated 13 November 2LK18, updated to Ir￿lude references to Scotland on 10 Ottober 2018. Our Board of Trustee5 The membership of the Boar(l of Trustees comprises musit industry leader5, people with business. financial, HR and legal expertise, and professionals who represent the sectors which the charity serves- this includes health and social care, educational and communty arts professionals. Members of the Board of Trustees, who are Directorsfor the purpose of company law and Trustees for the purpose of charity law. who served duri￿ the year up to the date of this report are= David Munns OBE- Chair Karen Ann Josephides- Chair of the HR & Remuneration Committee How3id Jones- Chair of the Finance Committee Neil Warnock MBE- Chair of the Fundraising Committee Jane Bryant- Chair of the Music Services Committee Sophie Guest Graham Bell Emma Banks Mervyn Lyn ' Mark Jaffrey Lucy Noble lappointed 18 April 20231 Recruitment to our Board is through recommendation and appoir)tment by a majority vote of the existing Trustees. New Trustees are given a fomial induction. and all are encouraged to see our music therapy work firsthand and music therapy work is sha￿d at every board meeting to ensure the work of our board is grounded in our mtssion. The charity purchases Trustee indemnity insurance annual￿. For 2023, the premium was £8,196 and includes an insurance premium tax at 12%. No trustees were reimbursed forthe costs of attending board meetings. SeniN LeadershipTeam The Board of Trustees delegates the day-to-day administration of the charity to a Chief Executive Officer ICEOI who is responsible for providing leadership, strategic dirertion, management and financial control. The CEO and Trustees appoint a Senior Leadership Team to support the management of the charity. At the end of 2023 this comprised= Sandra Schembri. Chief Executive Officer Hardeep Singh, Dirertor of Finance and Operations Shelley ￿ndley1 Director of People Dr Simon Prorter, Director of Music SeN1￿$ {Education, Research and Public Affairsl Nordoff-Robbins MusicTherapy 24

ANNUAL REPORT AND ACcou￿r5 For the year ended 310ecember 2023 Angus Nelson. Oirectorof Restrirted Fundraising Sandy Trappttt, Dirertor of Unrestricted Fundraising Oksana Zharinova-sanderson, Directorof MUSK Servi￿$ lQualiry Assurance. Chief Prartitioner, International Development) Nadra Shah, Director of Engagement and Communication5 Nordoff and Robbins is committed to a fair and apptopriate reward policy for all staff. from the Chief Executive down, benchmarking against the charity and commeroal sectors. Our priorlty is to attract the best candidates and get the right person in the right role at all levds of our organisation. Pay for the Chief ExecutNe and each member of our Senior Leadership Team 15 agreed by our Remuneration Committee. The committee 15 made up of members ofour Board ofTrustees. The CEO'S salary in 2023 was £113.547. One memberof the Senior LeadershipTeam earned £80-90.000, and four member5 earned £70-80.CKJO. Governance Nordoff and Robbins has a strong and robust governance structure alongside.the Board. There are . four governance committees.. The Finance Committee (including Audit and Investments} The HR & Remuneration Committee The Music Serwces Committee The Fundraising Committee The Board of Trustees met 3 times in 2023 to review the activities of the d)arity. The CEO reports on all operational matters relating to Nordoff and Robbins nat￿nWbde as well a5 overall charity and other Strategic matters. ". The Oirectors of Music Services and the Chair of the Music Services Committee report on matters relating to our se￿iCe delivery, quality assurance. training programmes and resea￿ h. The Director of Fundraising reports on all fundraising events and initiatives brand and reputatK)nal matters, the Director of Finance and Operation5 rewrts on the financial results and position of the Charity, and the Dirertor of People reports on specific HR matters forwhich the Board has primary reswnsibility. Publlc benefit In drawing together our strategic plan and outlining our aims, objertives and future activities, we have referred to and complied with the duty in section 17151 of the Charities Act 2011. This relates to having due regard to the Charity Commission'5 published general guidance on public benefit. In particular, the Trustees consider how planned actNitie5 will contribute to the aims and objectives they have set. Nordoff-Robbins MusicTherapy 25

ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2023 Flnancial revlew Results for the year and financial posltion of the gnJup- The results of the Charity and subsidiary companies for the year are shown in detail in the Consolidated Statement of Financial ActNities on page 35. In summary, consolidated total income was £5,980,12512022= £7,614,180) of which £240,87212022-. £225,520) was from investment income. Expenditure in the ￿ar totsled £8.183,40912022: £7.357.715 leaving a defictt before revaluation of investments of £2,203.28512022.' surplus of £256,465). Unrealised gains of £274,09812022.. losses of £1.305,7161 were recognised on the Snvestment portfolio. The performance of the individual subsidiary undertakings is disclosed in note 2. The Charity wholly owns a subsidiary undertakin& Silver Clef Production5 Limited and event sponsorship is channeled through this subsidiary along with funds relating to audio ahd visual rights. For the year ending 31 December 2023, Si￿er Clef Productions Limtted made a net profit of £274,27912021= £354,410) which will be gift-aided to the chartty in tts entirety- Nordoff and Robbins has a 50% shareholding in the Music Industry Trusts Ltd. Since 2011, this company has I￿en treated in the accounts as a joint venture. Investment Pollcy The management of the CharitV5 investment fund is delegated to a professional investment manager. The Board's investment policy is to aim for maximum growth in the capitsl value of the )rtfolio. whibt providing a steady and Erowing intome stream for the charity. The Board see45 to control risk through an appiopriate diversification of asset classes within the portfolio, to include fixed interest bonds, UK and overseas equities, and cash. The Board's investment policy includes ethical restrictions which preclude any direct investments where childret) andlor vult)erable adults are deemed exploited or at risk. The terms of reference of the Finance Committee include the review of investment performance. which it does three times per year. The performan￿ of the portfolio is measured against an appropriate kspoke index which reflects the committee's guidelines for different asset classes within the portfolio. The Trustees remain satisfied with the overall investment performance. ReseThe5 Polkv The Trustees review the Charivs reserves policy annually in light of its strategic plans, past fundraising performance and future cash flow needs. There are 5 key areas that the Trustees have determined resetves should support= Ensuring our services to beneficiaries, including our Students. can be maintained or wound down in a planned and managed way should the charity run into financial difficulties. Smoothing the risk inherent in the Chartirfs fundraised incoJne generation plans, particularly in relation to events fundrassing. Designated incremental funding for our strategic development and expanslon plans. Designated funding to maintain our buildings and therapy spaces. Designated funding to refiect the illiquid nature of that portion of ￿serveS held as fixed assets. Nordoff-Robbins MusicTherapy 26

ANNUAL REPORT ANDACCOUNTS For the year ended 31 De￿mber 2023 Free reserves As the largest provider of muslc therapy in the UK after the NHS. Nordoff and Robbins ha5 signrficant duty of care to its music therapy clients across the country. many of whom present wilh complex physical, emotional and mental health needs. Tbere is a signrficanl reliarKe from our clients on the music therapy they receiveweekly, all year round. and in many of the geographical locations that we operate there is no alternative music therapy provision. The Trustees therefore have determined that it is appropriate to hold free reserves equivalent to eighteen months, music therapy services operating costs to support and safeguard the continuation of music therapy activities should the Charty suffer financially as a result of any deterioration in economlc conditions. The Trustees are of the view that this buffer would allow service provision to continue across the country whilst akernative funding is sought. following which in the worst-case scenario, a managed wind down of services could be undertaken. This approach would minimise the impart of withdrawal of seNices on our m05t vulnerable beneficiaries. Eighteen months, operating costs relating to charitable nTUSiC therapy artwities equates approximately to free reserves of £8,099,180, based on 2023 delivery costs (excluding apportionment of one-off rebrand and website costs). Designated funds Trustees have designated funds In respect of the Chaiitys ambitious new strateBy and growth programme which is Clear￿ mapped within Nordoff and Robbins Strategic Plan 2019-2024. Key strands of the charl￿S strategic e¥pan5ion plan include: Increasing our influente in policy and (ampaigning around music and health issues. Launch our wider offer of music and health pr(vision for those unable to ac￿55 our core music therapy provision. Increase the proportion of our work that is f￿e to a(￿$5 to 40% by 2024. Continue to unify the merged organisation and rebuild fundraising in Scotland. At the start of the Charitys five-year strategic plan, the Trustees opted to designate a sum of £1.5m to fund strategic projerts over and above usual running costs. Unrealised gains on the investment portFolio are added to this designation each year. as this represents additional funds the Charity can use to invest in future developments. Unrealised losses on investments will reduce the value of the fund. During 2023 expenditure from this fund was used to develop a new brand and website which at the end of the year stood at £1,640.510. The designated fixed assets fund mirrors the net book value of the Charivs tangible fixed assets and. subject to additions, will redu￿ as assets are depreciated over the course of their useful life. The Charit￿$ asset base is predorninant￿ held as land and buildings used in the delNery of charitable activities. These assets are by nature highty illiquid and cannot be readi￿ converted to cash in times of difficulty. and as such the Trustees do not consider fixed assets to contribute to free reserves. At the end of 2023. the designated fixed asset fund amounted to £1.674,628. The designated maintenance fund is intended to cover the cost of planned and unplanned repairs, maintenance and major works to the charity's land and buildings. The level of designated funds is reviewed annually by Trustees in the context of ongoing operational requirements, and the sum of £250.(K)O has been set aside for these purposes. Nordoff-Robbins Music Therapy 27

ANNUAL REPORT ANDACCOUNTS. For the year ended 31 Detember 2023 A fund has been designated to provl(le for the Charivs commitment to our student beneficiaries. While the Masters and PHD students accepted onto our training courses invest some of their own funds into their educatK)n, the courses are heavi￿ subsidised by the Chartty. Our validation partner Goldsmiths requires us to have a hiBh level of financial resilience in orderto secure the rnedium-term future of the Masters and PHD programmes. The trustees have designated £I,4¢Y),￿o to ensure that all students accepted onto our programmes a￿ ableto compktetheir studies, should the charity run into financial difficulties. This represents just overtwo years, operating costs of our Masters and PHD programmes. Analysis of designated fvnds at 31 December2023.. ' strategic development fund: £1.640,510 Education andTraining continuity fund.. £1.4CKI,C Fixed assets fund.. £1,674,628 Maintenance fund.. £250,C Total designated funds: £4,965.138 Analysis of free ￿ServeS and total reserves * 31 December 2023 The Charivs free ￿serveS at 31 December 2023 were £4.494.897. 3 decrease of £1,819,395 on the figure at 31 December 2022. Designated funds set aside by Trustees for specific purposes and to reflect that portion of reseNes not readily convertible to tash, amounted to a further £4,965,138. Total reserves at 31 December 2023 were £9.460,035. Actual free reserves at 31 December 2023 were £4,494,897, 45% below the Trustees. target of £8,099,180. Trustees understand that while this is manageable in the short tern), they will work wtth leadership to develop the new strategic plan for 2025-29 so that the charity returns to a sustainable position. Fraud pollcy Nordoff and Robbins 15 committed to a cvltvre of honesty, integrity and propriety in the delivery of its se￿ICe5, fundraising artivities and in the use of public funds. Nordoff and Robbins takes a zero-tolerance approach towards fraud. We strive to instill a culture of ethical behaviour throughout the Charity and encourage awareness of risk where appropriate, to help mitigate such risk by strengthening preventative and detertNe controls. Employees are required to report all reasonable suspicions of actual or attemptéd fraud and such instsnces will be investigated. Principal risks and uncertaintie5 The Charity manages risk in relation to core areas including= Strategic Reputational Operational People Financial External Complian The strategic risks facingthe organi5ation were reviewed in 2022. The most significant risk areas were considered to be- Nordoff-Robbins Music Therapy 28

ANNUAL REPORT AND ACCOUNTS ' For the year ended 31 December 2023 Income from fundraising and music therapy servi￿$ insufficient to support delivery plans Impact of tost of living crisis on income and costs Reputational damage from a safeguarding incident ordata breach Serious health and safety incident Failure to attract or retain high qualrty colleagues Loss of validations for masters course Throughout 2023, strategic ri5k5 a5 well as live issues related to the Covid-19 pandemic were discussed by the Finance Committee and at every Board meeting to ensure that the Board had slght of the headline risk areas and associated mitigations. Risks and issues were also reviewed monthly by the Senior Leadership Team. Health and safety procedures are in pla￿ and are reviewed and updated annually. with updates provided to the Board of Trustees. Events after the reporting perfod There are no adjusting events afterthe balan￿ sheet late. Staternent asto dlsclosure of infomiatlon tothe auditor The trustees in office on the date of this report hav? confirmed, as far as they are aware, that there is no relevant au(lit information of which the auditors are unaware. Each of the trustees have confimied that they have taken all the steps that they ought to have taken as trustees in order to make themselve5 aware of any relevant audit infomiation and to establish that it has been communicated to the auditor. Auditor Crowe U.K. LLP has indicated its willingness to continue in offi￿. The Trustees. Report, includingthe strategic report therein. was approved ￿ the Board offwstees on l May 2024 and signed on their behalf by: EmmaBan Chair Nordoff-Robbins MusicTherapy 29

ANNUAL REPORT ANDACCOUNTS For the year ended 31 De￿rnber 2023 Flnanclal statements Tru5tees' responsibilities in the preparation of financial statements The Tnjstees are responsible for safeguardingthe asset5 of the charity and the group and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. Trustees. responsibilities in the preparation of financial statements. Trustees Iwho are also Directors of Nordoff-Robbins Music Therapy for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Prattice (United Kingdom Accounting Standardsl. Company law requires the Trustees to prepare financial statements for each financial year. Under company law thé Trustees must not approve the financial statements Un￿55 they are satisfied that they give a true and fair view of the stste of affairs of the charitsble company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements. the Trustees are required to: Select svitable accounting wlicie5 and then apply them consistently obSe￿e the methods and principles in the Charities SORP Make judgments and estimates that are reasonable and pru(lent State whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements Prepare the financial ststements on the going concern basis unles5 It is inappropriate to presume thatthe tharitable company will continue in business. The Trustee5 are responsible for keeping adequate accounting records that are 5Lrfficient to show and explain the charitable company's transattions, disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensurè that the financial ststements comply with the Companies Act 2(hJ6 and the provisions of the charity5 constitution. They are also responsible for safeguarding the a55ets of the charrty and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Nordoff-Robbins MusicTherapy 30

Independent Auditorfs Rewrt For the year ended 31 December 2023 Inde ndent Aurf rfs Re rtt¢ the Members of Nordoff-ftobbins Mu* Thera Opinlon We have audited the financial statements of Nordoff-Robbins Musc Therapy for the year ended 31 Decembet 2023 which comprise the Consolidated Statement of Financial Activities. the Group and Company Balance Sheets. the Consolidated Cash Flow Statement and notes to the financial statements. including significant accounting policies. The financial retx)rtlll8 framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Rewrting Standard applicable in the UK.and Republic o! Ireland (United Kingdom Generalty Accepted Accounting Practice). In our opinlon the financial statements.. give a true and fairview of the state of the group and charitable companrfs affalrs as at 31 December 2023 and of the group's income and expendtture, for the year then ended- have been properly prepared in accordance with United King(k)m Generally A¢￿pted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2(KJ6 and the Charities and Trustee Investment Iscotlandl Act 2005 and Regulations 6 and 8 of the Charities Accounts (Scotlandl Regulat￿n$ 2006 lamendedl. Basis for opinion We conducted our audit in accordance wtth International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilttie5 under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements seCt￿n of our re￿}rt. We are independent of the group in accordance with the ethical requirements that are relevant to our J￿rt of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulFilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusl¢ns relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintie5 relating to events or conditions that, individually or collertNety, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to goir)g concern are described in the relevant sections of this report. Other Inforniation The trustees are responsible for the other information contsined within the annual ieport. The other information comprises the information included in the annual rep)rt, other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. Our responsibility is to read the other infomiation and. in doing so, consider whether the other information 15 materialty inconsistent with the financial statements or our knowledge obtained in the audit or othen￿lSe appears to be materially misstated. If we identify such material inconsistencies or apparent material misststements. we are required to determine whether this gives rise to a material misstatement in the financial statements them5¢￿e5. If, based on the work we have performed, we conclude that there is a material misstatement of this Other information, we are required to report that fact. We have nothing to report in this regard. Nordoff-Robbins MusicTherapy 31

Independent Auditorfs Report For the year ended 31 December 2023 Opinions on other mattws prescribed bythe Companies Art 21 In our opinion based on ihe work undertaken in the course of our audit the information given in the trustees, repK)rt, which includes the Trustees, Annual Report and the strategic report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Trustees. Annual Report the strategic report included wlthln the trustees, report have been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by ex¢eptlon In light of the knowledge and understanding of the group and charttsble company and their environment obtained in the course of the audiL we have not identified material mi55tatements in the Strategic report and the Trustees, rewrt included wfchin the trustees. report. We have nothing to report in respert of the following matters in relation to which the Companies Act 2￿6 and the Charities Accounts Iscotlandl Regulations 2(K)6 requires VS to report to you if. in our opinion.. adequate and P￿Per accounting records have not been kept; or the tinanclal ststements are not in agreement wÈth the accounting records and return5; or certain disclosures of trustee5' remunerat￿￿ specified by law are not made: or we have not received all the.infomiation and explanatio￿ we require for our audit Responsibilities of trustees As explained more fulty in the trustees, responsibilities statement set out on page 30. the trustees Iwho are also the tlirectors of the charitable company for the purposes of company lawl are responsible for the preparation of the finar￿131 statements and for being sat15fied that they give ? tNe and fair view, and for such.internal ¢ontrol as the trustees determine is necessary to enable the preparation of financial Statements that are free from material misstatement. WI￿ther due to fraud or error. In preparing the financial Statements, the trustees are responsible for a5sessingthe charitable companws abilty to continue as a going concern. disclosin& as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company orto cease operations, or have no realistic akernative but to do so. Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 44llllcl of the Charities and Tnjstee Investment Iscotlandl Act 21X)5 and under the Companies Art 21X)6 and report in actord3nce with the Acts and relevant regulations made or having effert thereunder. Our objective5 gre to obtain reasonable a55urance aly)ut whether the financial Statements a5 a whole are free from material misstatement, whether due to fraud or error. and to t55ue an audttor's report that include5 our opinion. Reasonable assurance 15 a high level of assurance, but is not a guarantee that an audit condurted in accordan￿ wtth IW IUKI will always detect a material mi55tatement when it exists. Mi55tatements can arise from fraud or error and are considered material if, individualty or in the aggregate. they could reasonably be expected to influence the economic decision5 of user5 taken on the basis of these financial statements. Detsils of the extent to which the audit was considered capable of detecting irregulartties, Inclu(ling fraud and non-compliance wtth laws and regulat￿n$ are set out below. A further description of our responsibilities for the audit of the financial statements is located on the Finantial Rewrting Council's webstte at: www.frc.org.uvaudit0r5res￿n$IblIItIes. This description forms part of our auditorfs report. Nordoff-Robbins Music Therapy 32

Independent Auditorfs Report For the year ended 31 December 2023 Extent to whith the audlt was considered capable of detecti1￿ Irregularttles, Includlngfraud IrreEvlarities, including fraud. are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and di5CU55ed these between our audtt team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit eviden￿ sufficient and appropriate to prowde a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the group and charitable company operates. focusing on those laws and regulation5 that have a direct effect on the determination of material amount5 and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Art 2006. the Charities Act 2011 and The Charities and Trustee Investment Iscotlandl Act 2005, together wtth the Charf(ies SORP IFRS 1021. We assessed the required compliance with these laws and reguLitions as part of our audit . procedures on the related financial statement items. In addition. we considered provisions of other law5 and regulations that th) not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable compan¢s and group's abilty to operate orto avoid a material pena￿. We also considered the opportunities and incentives that may exist within the charitable company and group for fraud. The laws and regulations we conSide￿d in this context forthe UK operations were General Data Protection Regulation5 and those regulations a550ciated with Safeguarding. Auditing starKlards limit the required audit procedures to identfy non40mplian￿ with these laws and regulations to enquiry of the Trustees and other management and inspettion of regulatory and legal correspondence, if any. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of retognition and completeness of voluntary and music Servi￿5 income, and the override of controls by management. Our audit procedures to resw)nd to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journa15, reviewing accounting estimates for biases, reviewing regulatory correspondence wrth the Charity Commission and reading minute5 of méeting5 of those Charged with governance. Owing to the inherent limitations of an audtt, there is an unavoidable risk that we may ￿t have detetted some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with law5 and regulations lirregularitiesl is from the events and transattions reflected in the financial statements, the less likely the inherently limited prO￿dureS required by auditing Standards would identify it. In addition as with any aLTrdit, there remained a higher risk of non- detection of irregularities. as these may involve collusion, forgery. intentional omi55ions, misrepresentations, or the override of intemal controls. We are not responsible for preventing non- compliance and ¢annot be expected to detect non-compliance wr(h all laws and regulations. Nordoff-Robbins Music Therapv 33

Independent Auditor's Report For the year ended 31 December 2023

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's trustees, as a body, i.n accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the chari.table

• company and.the charitable company's trustees as a body, for our audit work, for this report, or for the opinions w'e have formed.

Janette Joyce Senior Statutory Auditor For and on behalf of Crowe UX LLP . Statutory Auditor Reading

Date: 12 June 2024

Nordoff-Robbins Music Therapy

34 •

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING AN INCOME AND EXPENDITURE ACCOUNT) Forthe.yearended 31 December 2023 Un￿Str￿ted Restricted General Designatgj Reslricled funds Funds Funds 2023 2￿3 2ff23 Notes Total funds 2023 Tot funds 2022 INCOME AND ENDOWMENTS FROM.. Donat￿nS and Legacies Charitable A￿1VitIeS Other Trading Investments Net incom@ from Joint Venture 1,847,186 1,889.398 1.5￿,146 240,872 121,762 380.761 2,227.947 3,875.840 1.889.398 1.780,007 1.500.146 1,644,524 240.872 225, 520 121,762 88,289 TOTAL 380 761 7614 180 EXPENDITURE ON.. Raising Funds Charitable ActNrties Other 1,545.131 4.982.644 33.322 1￿2.159 1.139,392 1,647,290 1,518,325 380,761 6,502,797 5.801.690 33.322 37.700 TOTAL 380 761 Liaiaoa T 357 715 OPERATING SURPLUSIIDEFICIT) Net gginslllosses) on Investments (1,733) {1.241.551) 12,203,284) 256,465 274.098 274,098 {1.305, 716) NET INCOMEIIEXPENDITUREI 1687.635) {1.241,5511 11.929.186) (1,049.251) Transfers Befvfftn Funds (1.131,7611 1.131,761 Net movement in funds 11,819,396) (lo9.7￿) 11,929,186) (1,049,251) RECONCILIATION OF FUNDS Total funds brought forward 6.314.292 5.074,929 11.389.221 12,438,471 TOTALFUNDS CARRIED FORWARD 14 4,494.896 4,5.139 9.460.035 11,389,220 All of the above results are derived from conlinuirrfJ actNities. The statement of financial adivilies indudes all gains and losses recognised in tha year. Nor off-Robbins Music 35

GROUP AND COMPANY BALANCE SHEET As at 31 December 2023 Nordoff-Robbins MusicThefapycomparry M. 1514616 Grrwp Charity Notes 2023 22 2023 2022 ' FIXED ASSETS Tangible fixed assets Listed investrnents Investsnenls in subsKliary Share of nel assets in joint venture 1.674.628 6,686,926 1.721.820 7,643,522 1.674,628 6.686,926 1(Kl 1,721,&20 7,643,522 IL 9a 17.063 (27.344) 8,378,617 9.337.998 8.361.655 9,365.443 CURRENT ASSETS Debtors Cash on deposit Cash at bank and in hand 10 930.637 2.087 781.087 601,9( 51,786 2. 137.857 929,699 2,087 613,127 657.670 51.786 1,648,011 1.713￿11 2.791,549 1,544,913 2,357.467 CREDITORS". amounts falling due wthin one year 11 1632.393} (740,327) {720.813) f688.200J NET CURRENT ASSETS 1,081.418 2.051.222 824,100 1.669,267 NET ASSETS 14 UNRESTRICTED FUNDS . Designated Funds Fixed Asset Fund Mainlgnancg Fund Training Conlinuty Fund Strategic Fund General fund 14 14 14 14 1,674.628 250,000 1,41)0,01)o 1,640.510 1,721,820 2￿.0[x? 1,4CL),000 1, 703, 108 6 314 292 1.674,628 250,000 1AOO,000 1,640,510 1.721.820 2￿,0C￿ 1.4IX),I 1,703, 108 TOTAL UNRESTRICTED FUNDS 9,460,035 11.389.220 9.185,7SS 11.034.710 RESTRICTED FUNDS 14 TOTAL FUNDS 9,460,035 li 11,034, 710 These financial Stat￿nents were approved arKI authorisal for issue by the Trustees on 1 May 2024 and signed on their behatf by:_ Enlna Banks Chair Nordoff-Robbins Music 36

CONSOUDATED CASHFLOW STATEMENT For the year ended 31 December 2023 Notes 2023 2022 2022 CASH FLOWS FROM OPERATING ACTMTIES - Net cash {used inyprowded by operating activities (a> 12.803.043) 541,647 ' CASH FLOWS FROM INVESTING ACTtVlTIES DivKlends, interest arKI rents from investments - Purchase of propety, planl & equipment Sale of propety, pLqnt & uiprnent Proceeds frcffl sale of investments Purchase of investments Movement in cash awaiti re-investment - of which acquired fr( merger 240.872 225,520 (74992) (29,537) 4.495.276 (3.316.945) 2, 193,439 (1,384,047) S2,363 (25,944) Net cash provided by investiig activities Change in cash and cash equivalents in the reporting period Cash and cash eqvivaknts aCqUi￿d from merger Cash and cash equivalents at the beginning of the reporting perKJd (1.406,469) 1.521,078 Ib) 2,189.643 668,565 Cash and cash equivalents al the end of the ieporting perK Ib) 783.174 2, 189,643 No¥doff-Robbin5 Music 37

CONSOLIDATED CASHFLOW sTATEmE￿r For the year ended 31 December 2023 (al RECONcIL￿TION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES: 2023 2022 Net surpluslllossl for the reporting period las per the State￿Ent of fin?nck?l actiwtiesl . Depreciation charges IGains)Il)sses on investments Dividends, interest and rents from investments {In¢￿a$eYdecrea$e in deblo Increaselldecreasel in ¢T￿itorS Movement in share ofjoinl venture (1,929,186 122.185 1274.098) (1,049,251) 118,547 1,305. 716 1240.872) 1328.7311 1107.934} (44.407) (225,520) IKI.067 212.088 Net cash {used inllprowded by rating activities {bl ANALYSIS OF CASH AND CASH EQuIvALE￿s 2023 2022 Cash at bank and in hand Notice deposits {less than 3 months) 781.087 213T.857 2,087 51. T86 Total cash and cash equivalents 783,174 2. t89.643 At 1 January Cash flow At 31 D8cèmber 2023 2023 {cl ANALYSIS OF CHANGES IN NET DEBT Cash at bank and in hand Cash held on deposit 2.137.857 (1.356.770) 51,7e6 {49.699) 781.087 2.087 Total cash and cash equTria￿nts Nordoff-Robbins Music 38

ACCOUNTING POLICIES For the ear ended 31 December 2023 Chanty infomwtion The Charity is a company limrted by guarantee {rggistered number 15146161, wh￿h is incorporated wi the UK. The address of the registered of[￿e is 2 Lissenden Gardens, London. NW5 1PQ. The principal aclThitty of the charty i8 to bring the Irfe￿anging [th￿r of music lo as many people as poss￿18. Ihfough delivery ot. Hiqh-qualty music therapy serv￿S ￿rosS the UK .World-leadirKJ music therapy ltsining Research to demonstrate and continuousty improve the inw&t of MUS￿ therapy Basis of preparalK)n The financial slalemenls have been prepared under the historical cost convenlion arKI in accordance wth the Slalemenl of RecomnErnleiJ Practice, A¢￿UntIng and Reporting by Charities ISORP 20161. appluble UK accounlirKJ standards including the Financkgl Rewting Standard applicable in the UK and Republic of Ireland IFRS 1021. and the Compans Act 2006. The company meets the definf(ion of a public benefrt entity under FRS102. Assets and liabilities are inrtialty recognised at historical cost or transaction value unless othe￿iSe slated in the relevant accounting pdiw nolels}. The PrI￿1paI accounting policies adopted in the preparalK>n of the financial slalanents are as foll(vts' Going concem ." The Trustees have rev￿Wed the reserves held by the Charity, bud￿ and forecasts that cover the twefve month period from the date of this report and in their Opini(￿ o)nsKler that the. Charly has the resources needed in order lo ￿ntinue to operate as a vkable going wncem. Tangible fixed assets and depreckation Tangible fi.xed assets cosb.ng more than £2,C(Q are catyal'sed and included at cost ir￿lUding any Incilenl81 expenses on wuisit￿ln. Depieciation i8 provided usir¥J the follo￿n9 rates and bases to write off the tangible fLxed assets over their estimat￿1 usefrjl lives. Freehold propety indudes the Lqnd element and is not split be￿een land and buildiros because the drfference in depT￿lat￿n charge is expe(ed lo be Material￿ drfferenl".- Freehohy propety strnight line Slw)rt leasehold propety improveAnents Overthe lerm of the lease Centre Equipment Straight line over the estimated useful lrfe ranging from 3 to 10 years with a full yearfs charge in the year of wur￿l￿n Straight line over th& estimated useful1rf8 nging from 3 to 10 yeats with a fijll yearfs charge in the year of wuisitK)n Fixtures and fittings Investments Investments held as assels are re-valued at mid-markel value at the balance sheet date. It is the char￿S policy lo keep valuations up to dale such that when investments are sold Iherg is no gain or loss arising from the revalUat￿n of investments. As a resum the Ststemenl of Financial Activrtigs only includes those unrealised losses or gains arising from inveslmenl portfolio during the year. The investment in the wholty-owned subsidiary undertakings is held at cost less any provision for impaim)enl. The Boaid's investment policy LS to aim for maxKnum grcwth in the capital value of the portfolio, whiLsl providing a steady. and growing, income stream for the Charty. Whilst the capitsl value of the portfolio declined due to adverse market conditions. inv&stm8nt income remaned stable over the year. In the context of a lurbulenl market. the trustees consider the policy c4)jectNes lo have been met for the year. Subsidiary and associated undertakings and joint ventures The charty has one Whol￿ owned subsidiary undertaking". Sifvet Clef Produclic)ns Limited together wilh 50% ownership of a further undertaking. Music Industry Trusts Limiied which has been cLgssifi8d as a joint venture. These undertakings have been aclivety Iradiry throUgh￿t the year, are incorporal in England, passing up their profrts. either in whole or in p&t. to the charity by Grf( AKI. Tlkse &ctyJnts Nordoff-Robbins Music 39

ACCOUNTING POLICIES For the ear ended 31 December 2023 con801idate the results of Sifver C￿f ProdLKtions Lwnited. Lmder the 8Juty melhoJ of accounting. A separate Statement of Financial AclNilies. or IncL)me and Eypenditure Account. for the charity itself is not presented b￿ause the chanty has taken advantage of the exeMpl￿n9 ￿nferred by Section 408 ofthe Companies Act 2C(6. Si￿0[ Clef Productx)ns Limit . priTr￿paI aCtI￿ty of the company is to carry oul certain fundraising event functions, as well as to receNe any funds relating to previous concert produetion and the selling of audio and V￿Ual rights on behalf of the parent chanty. Music Indusl Trusts Limited This undertaking's t￿le is principally the prcxnotk)n of the Brrtish Music Industry Avrards. The Music Industry Trusts Linited is treated as a joint venture in the consolidat￿1 accounts under the equity method because there isjoinl control by ￿$r￿off and Robbir6 and BRIT Trust. The charity r￿eNeS part ofthe profits of this undertaking by Grft Aid. The Music Industry Twsts Limit￿1 made a nel don*ion of £121,761 to Nordoff and Robbins {2022.' £88,289), represented ty neljoinlv8rrture ineL)me conlributab to the charity in these ￿nts. Income Income recogni8ed when the charty has entitlemnl to the futKls. any ￿￿￿M￿nCe condrtK)ns attached lo the rtemls) of income have beeh it is probable that the income VAII be receNed and the arTr)unt can be measured relbabty. Income from grants is rec(yJnised when the charity has entrf(lement to the funds, any performance condiltons attached lo the grants have been met. il is probab￿ that the income will be received and the amount can be rreasured rdtably is not defe￿￿.. For legacies, ent￿ement is taken as the eadier of date on either. chanty is aware that probate has been granted, the estste has been finalised and notificat#)n has been made by the execulor{sl lo the Trust that a distribution will be made. or when a distribution is r￿e1Ved from the estate. Receipt of a legacy, in whole or in part, is onty cortsKJered probab￿ when the amount can be measured relk9bly and the charty has been notified of the execulorfs intention to make a distribution. Gifts donated for resale by the charty are recorde(J by the charity attheir vdue al the limeofrealisalKJn. No amounts are included in the financral staterrEnts for services d(￿at￿ by volunteers. Grants are accounted for under Ihe pgrfomiance model a8 permitied by the char.ty SORP. Expenditure Expenditure is induded in the State￿Ent of Financkel Activitses on the accruals b8&s. inclusive of any VAT which cannot be r￿r&I. Grants payable are charged in the year vthen the offer is conveyed to th8 r8cipi8nl. Support eosls are those costs have not been directty tharged lo an activity of the charty but nevertheless suprx)rt those activities. In these accounL8, SUPPOrt costs, inClud￿g governan￿ costs. have been allctaled to charitable activities a￿1 expenditure on taisir4J funds on a detailed aPpOrt￿nment methodology incorwrating stsff he&J count. flwr $￿e and organisational spend as cost'drivers. Govemance costs are those costs that are deewEd to relate lo the governance of the charity and include extemal audit fees, govemance-related trustse expenses, di1￿1 exp￿dr(ure on national and international strategy development. and an appropriate propotton of sUp￿rt costs including senior marlagement time. Nordoff-Robbirls Music

ACCOUNTING POLICIES For the earended 310ecember 2023 Redundancy and t￿MInation payments are incILKI￿1 wrthin the an accnjals basis, in line with other expenditure aThJ measured at the best estimate of the eypeNliture required to settk the obligation at the reporting date. Reserves Restricted fu￿18 a￿ subj&t lo spwfic res1rlcl￿ns inwed by the th)n￿. Designabj fijnds are set a&de by the Trustees for purposes. but wouhj olherwtse fom [￿rt ofthe gen￿al funds. General funds are availab181o sperKI al the discretion ofthe Tnjstees in fUrfherar￿e of the d)arilable objectNes. Financial instruments The char(ty holds onty fmancial assets and fina￿￿1 liabilits of a knnd that qual￿ as basic fin￿¢la1 instruments. Basic financial instrurr￿nts include debtors and credrtcKs, and inveslnnts in ntsn-PLfftable ' Lydinary shares. Deblors and c[￿ttr￿s are In￿allY recognised at transactK)n value and subwuentty. measured at fair value. Note 16 provides MO￿ information on financHI instruments where future cash flows are anti￿pated, with financial assets referring lo fixed asset investments and debtor balances excluding p￿payMents, and financial liabl1f(￿ referring to all credf(or bala￿S e￿lUdIng defe￿8d income and ¢)ther taxation and social Security. PensNJn conlribulvjns Th& ¢harily makes pension contnTr)utions to staff under rmney purchase schemes. The amount charged lo the Slalemenl of Financial Activrties in respect of ￿n$￿)n costs and other post reliremenl benefits is the sum of contributions payable in the year. Differences be￿n contribub'ons payable in the year arKJ contributions aclualty paid are swn as either acuuais or prepayrnents in the balance sheet. Operaling ￿ase and rental policy Operating leasè payments are recordgd a5 ftxpendrtu￿ or expen￿ of the re￿d funds when paid or incurred. "Neither an asset ￿r an obligation is recordwj for owating leases. Accordingty. rental payments are recorded as an expense in the SOFA. Signfficanl judgements and estimates The Iruslees consider that there are no material judg￿ents in app￿ir@ actounting polic￿5 ￿ key Sour￿ of estimation uncertainty. Nordoff-Robbins Music 41

NOTES TO THE FINANCIAL STATEMENTS Forthe yearended 31 December 2023 MEMORANDUM OF ASSOCIATION AND TAX4TION STATUS The cO￿anY is limited by guarantee and has no issu&J share caytal. Every member, in pursuance of Clause 8 of the Rewsed Me￿r8ndum of AssociatK)n. undertakes lo contribute a sum not exceeding £1 in the event of the crxnpany being wound up whilst he or she is a member. The ccrfnpany is a charity the puws of Chap18r 3 Part 11 of the Corporation Tax Act 2011 or Section 256 of the Taxation of Chargeable Gains Act 1992 and as such is exempt from taxatIC￿ ¢Jn its income to the extent that such iiccthe or gains ￿e applied exdusivety lo charitable activities. NET INCOME FROM TRADING ACTMTIES OF SUBSIDIARIES Si￿er Clèf Preduclh)ns Ltd Total 2023 Tot812022 Tumover Cost of sales 427.993 468,207 GROSS PROFIT 427,993 3,740 1157.454) 468,20T 597 (114,204) Interest receivable Administration costs NET PROFIT 274.279 354,510 RETAINED PROFIT FOR THE YEAR AND CARRIED FORWARD 274.279 354,510 The assets and liabilit￿$ of the subsidiaries we Sifver Clef PrCJuct￿S Ltd Tot812022 Current assets Current liabil￿.8$ 370,914 196,535) $42,976 1188.3661 Net assets 274,379 354,610 Share capital Profil and k)ss account 100 274,279 100 354,510 Capital and resetves 274,379 354,610 The resuh8 of and balance sheet of Sifver Ckf ProduCt￿nS Limited is extracted from ts publish accounts for the year eThJed 31 December 2023. Sifver Cl2f PrcJuctions Limited. paid £354.510 to the parenl charity in with the temLs of cost-sharing agrewnent b&￿een the two entrties CoV￿1ng the purthase of staffing and support costs. ' Sijver Clef Prcductions Limrted will gift aNJ it's entire prcth to the parent charity during2024. Nordoff-Robbins Music 42

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 INCOME FROM CHAFUTABLE ACTIVITIES 2023 20Y2 Music Servi￿ generat￿1 income Training and ￿searCh generatgj irrome 1.678.377 211.021 1.549,558 230,449 1.889.398 1,780,007 EXPENDITURE Direct Grants costs Payab Support Totsl 2023 Total 2022 Expenditure ¢)n raising funds 1.514,390 132,899 1,647.289 1,518.325 Chafrtable ACtivit￿S MUS￿ Serv¢ces Training and Research 3.729,692 471,638. 2,0￿.458 5.736.150 & 139,615 29S.010 766,648 662,075 4.201.330 2,X11,468 6.502,798 5,801.690 other expenditure 33.322 33.322 37, TOO Total Expenditure 5,749,042 2.434.367 8,183,409 7,357, T15 No grants Payab￿ or committed. including related costs, were.m* duriNJ the year 12022.. £0). No travel an(1 subsisterKe costs incurred on behaff of the charty were r￿Mb￿r5ed to any tnjslee durirKJ the year12022. £01. An amount of £8,196 (2022.. £7.4521 was pahd by th& charity in respect of the Trustees, Indwnnty Insurance premium. SUPPORT COSTS 2023 2022 Support costs alknated to charitable athitw include.. ITI AV & T&lecommunKations PUbl￿rtY & Communications Rebrand arKI new websrte Premises & Operational Support Human resources & stalfing support Depreciation Govemanee costs Other support costs 180,747 699,935 336,6% 310,094 342.184 122,185 235,230 207,296 186,963 601,9f 2 347,996 155,062 275,635 118,547 132,456 185,843 2.434.367 2,LK14,414 Nordo -Robbins Music 43

NOTES TO THE FINANCIAL STATEMENTS Forthe year ended 310ecember2023 NET INCOME 2023 2022 Nel income for the group is slated aftér charging-. Depreciation Payments due under ¢)peraliNJ leases AL#JilofS Remuneration- AL#Jrt fees (Excl￿ding VAT) Relating lo the parent ch*ity Relating to subsidiaries 122,185 8.807 118,547 8,001 23.850 4,31)0 21,250 3,950 STAFF COSTS 2023 2022 Wages and salaries Social ￿Urity costs Other pens￿￿ costs 4.790.963 480,627 237,382 4,247,938 444,326 207, 738 5.508.972 4.900,002 . The tclal remuneratie￿ of key managemènt personnel at the clwrity was £647.623 {2022.' £659,015). This relates to the leadership team whth at the year end comprised 4 Dir&tors. one Deputy Di￿10r andlhe Ch￿f Executive (2022.'6 Directors and the Chief EX￿￿tive}. Staff costs include lerminati¢Jn payfflenls of £012022. £0). No accrued annual leave was rwanised12¢)22: £0}. The number of empbyees whose emlumenls exceeded £60.(KIO are stated behjw.. 2023 Numbgr 2022. Numbgr £60,0(N)- £70,th)0 £70,0(M)- £80,000 £80,000- £90,000 £110,000- £120.OC(J 2023 2022 Number Number The average number of empk)yees during the year was 15112tr22'.133} th the Full Time EquNalent IFfE} averag8 numter of empbyees al the year end. induding staff directors, b￿ng..- Music therapists and other charita)le staff Fundraisers 122 15 101 15 137 116 Pension contrbbutions for the highest paid employees 30.920 27,W8 Retirement beneffts were accruing to dirfjd￿ as folbws: Money purchase scheme Number Number No trustee or ex trustee r￿91¥ed any remuneration (2￿22. rNxE} Nordoff-Robbins Music

Nordoff-Robbins Music Therapy NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 TANGIBLE FIXED ASSETS Sho leasehold prcpety eqUIp￿Ent Fixtures lincl. T aTrJ Library) ffllings GROUP AND CHARITY . Freehokl prcperty ments Total Cost At 1 January 2023 Additions Disposals Al 31 December 2023 4.076.524 389.2 100,489 74,992 4,566,293 74,992 4 076 524 17 Depreciati¢ Al 1 January 2023 Charge in year 2.450.103 363.1 31.189 2.844A72 81,530 26.100 14.555 122,185 Eliminaed on disposa Al 31 DeLember 2023 2 531633 Net b(￿)k value At 31 December 2023 1.544.891 129,737 1,674.628 At31 D8cember2022 1,626,421 26.100 69,299 1,721,820 Nordoff-Robbins Music 45

NOTES TO THE FINANCIAL STATEMENTS For the yearended 31 December 2023 LISTED INVESTMENTS ' 2023 2022 GROUP AND CHARITY Market value at 1 January Additions Sales proceeds Realised and unrealised gainslllosges) i)n Investment assets Movement in cash 7,643.522 9.732.686 3.316.945 1.384,047 (4.495.276) (2, 193,439) 274,098 (1,305, 716) Market value al 31 Decerr*)w . 2023 2022 Investments ecfflpriselhe follwng.. UK investments Fixed interest Equth'es Money Matknt Instrument5 793.377 1.928.221 874,304 2,898. 723 Overseas investments Fixed Interest Equrties 352.71JO 2.830,631 368,020 2,040, 736 3,183,331 2,408, 756 Propety 136,216 130, T17 Other assets 572.684 Cash awathng re-invesbnenl There a￿ no investments held that ¢(￿prISe more than 50A of the portfdK)'s value at the end of 2023.. {2022. Goldman Sachs Slerfing Reserves ￿. Vanguwd Funds PLC S&P S(K) 9%) Nordolf-Robbins Music 46

NOTES TO THE FINANCIAL STATEMENTS For the yearended 31 December 2023 INVESTMENT IN SUBSIDIARY UNDERTAKI In addition lo the investsnents listed above tha charity atso hokls £100 investment in its subsidiary as follows.. County HokliThJ Proportv)n held Nature of bu8iness . Silverclef prOd￿ttOnS Limited UK Ordin sh￿e 1((1% Events prThYuction aTr ftmdraising Company no. 02796952 Registered off￿. 2 Lissenden Gardens LorKlon NW5 1LP Nor off-Rob ins Music 47

NOTES TO THE FINANCIAL STATEMENTS Forthe year ended 31 December 2023 INVESTME￿ IN JOINT VEMfuRE The c￿rity hokjs a £1 investment in a JV as fdlows: Naure of bJ$iness ProFQrtion held MUS￿ Industry Trusts Limited Prcm)otbJn of British MUS￿ lThYusby Aw¥ds OrdIn￿Y share The profft of Musie IrKlusty Tnists Limrted is dcmaled under Gift Aid to ils shareholders each year. The group year end balan￿ sheet value of £17.1%3 reprents the group's share of thejoinl venture's undislribLrtwJ rt assets at the ba￿nce sheet date12022.' Share of excess distribution £27.344). Summary financtal infcmation of the jolIt ventLre Tclal 2023 Nordoff Robbins share£ Tumover Cost of sales 720,391 {363,814) 360.196 . (181.90TJ GROSS PROFIT Adminislratwe expenses Interest receN) 356,577 {128.464) 1.493 178,289 (64,2Y2? 746 229.606 114.803 6,959 121.762 Under a(￿r￿0d in 2022 PROFIT FOR THE FINANCIAL YEAR Nordo -Robbin5 Music

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 10 DEBTORS Group Chaiity 2023 2022 2023 2ff22 Trade deblo Amounts owed by subsKliary undertaknngs other dgblo Prepayments and aecrued come 278,813 225.683 22&683 liW894 91,250 313,154 91.250 313.153 373.81)0 231.843 3￿,863 231,843 930.637 601. 929.699 657.670 11 CREDifoRS.' An￿￿nIS falling due within c￿e y Gro Charity 2023 2022 2023 2022 Trado creditors AnM)unls owed due to subsidiary undertakings Other taxalion and S(￿la1 security Other creditors Accruals and deferred incc 120,086 210.665 120,086 210.6&5 184,955 136,736 67239 308.332 152,529 65,976 311. 157 136.701 37.239 241,832 147.(K17 35.976 632.393 740.327 720.813 688,2LKI Within accruals and defeired in¢x)me is £176.281 (charity) and £238,781{groupl of daferred income12022.. £123,230 charity and £163,230 group). In parent charity. this rdates to a £3,760 of MMT furKJing paij in advance but applicable lo 2024, £111 relab'ng lo furmlraising events laking place in 2024, £169,034 representing a<fvance payment for MUS￿ therapy seNw, aThJ £3,375 advance payment of PHD fees. In the subsidiary, this relates to £62,500 of events swnsorship relating lo 2024. t￿ring 2023, £94,524 of deferred inC(￿e carri&J forward 2022 in respe(* of advance payment for music therapy services was released, abng with £1.000 of funding forthe MMT course and other projects, as well as £28,706 relating to fiJndraising events Icharity and group). - Wlhin credf(ors is £37,239 of outstanding Ffjns￿￿ contributK)ns12022: £35,976). 12 CAPITAL COMMITMENTS There were no capital commitmenls al 31 December 202312022." £01. Nordo -Robbins Mu51C 49

NOTES TO THE FINANCIAL STATEMENTS Forthe year ended 31 December 2023 13 OPERATING LEASE COMMITMENTS Al 31 Decemberthe company vms commitied to make the follcming tr)tal minimum lease payments under nOn-Can￿lIable cyeraling kases for e￿h of the fvrture staled.. Centre E¢wry)nient 2023 2022 Land and Buikyings 2023 2022 Total future minimum leas8 payments due in.. Not kter than one year Later than one year not than, five years 2258 IA45 409 .743 14 RESERVES OF THE GROUP Movements in fvnds- GROUP 2023 At 1 Jan 2023 Inc￿￿ EX￿dIture Net Transfers At 31 Dec investment 2023 gains General Fund Designated Funds Fixed Asset Fund Maintenance FurKJ Training Conlinuty Fund Strategic Fund 1,721.821 250.OC() 1122,185) {61.769> 74,993 1,674,629 61,769 250,000 1,4￿.C1xl 1,703.108 1720,sY11) 133fj,6￿) 720,901 1,400,000 274,098 1,640,510 5,074.929 {1,241,551) 1,131,761 4,965,139 Total unrestr￿￿￿￿ funds 11,389,221 5,599,364 (7,802,648) 274,098 Restricted funds Music Thefapy Services 380.761 (380,761) Total restrictwj funds 380,761 1380,761> Total frjnds. 11.389.221 5.980.125 {8.183.409) 274.098 9,460,035 Nor off-Robbins Music 50

NOTES TO THE FINANCIAL STATEME￿5 Forthe year ended 31 December 2023 Movements in funds- CHARITY 2023 At 1 Jan 2023 Incc*ne Exwdlure Net Trdnsfers At 31 Dec vestment 2023 losses Gener81 Fund Designated Funds FiYo(J A&8et Fund Maintenance Fund Training conkn.nuty Fund Strategic Fund 1.721.821 250.CI)O {122.185) 161,769} 74.993 1.674,629 61,769 250.000 1.400,CKKI 1.703,108 (720.901) {3￿,696) 720,901 1.400,000 274.098 1,640,510 5.074.929 {1.241,5511 1.131.761 4.%5￿139 Total unwtricted fvnds 11,034.711 5.674.998 (7.798,052) 274,098 9,185.755 Restricted funds MUS￿ T￿rapY SerV￿es 380.761 {380.761} Total reslricled funds 380,761 {380.761) Total funds 11.034.711 6.(155.759 18.178,813} 274.098 9,185,755 Nordo f-Ro ins Music 51

NOTESTOTHE FINANCIAL STATEMENTS For the year ended 31 December 2023 Movements in funds- GROUP 2022 At 1 Jan 2022 InconE Expenditure Net Transfers At 31 Dèc inveslmenl 2022 General Fund Designated Funds Fixed Asset Fund ,' Maintenance Fund Training Continuity Fund Strategic Fund 1.810.830 250,(O) {118.54n 164.669} . 29.537 1,721,820 64.669 250.000 1.400.(￿) 3,359,7C#J I￿2.075) (350,876) 2.075 1.400,0(x) (1,305,716} 1.703.108 6,820.530 {1.1%.16n (549,435) 5.074.928 Total unrestricted fijnds 12.438,471 7254.875 {6,998,410} {1,305,7161 11,389.220 Restrided funds Music Therapy Services 359,305 {359.305) Total restrKted funds 359.305 1359.305) Total funds 12,438,471 7,614,180 17,357,715} {1,305,7161 11.389.220 Nordo -Ro ins Music 52

NOTES TOTHE FINANCIALSTATEMENTS For the.year ended 310ecember2023 Movements in.funds- CHARITY 2022 At 1 Jan 2022 Exwdiiu Net Trnnsfers At 31 Dec investmg 2022 gains General Fund Desynated Funds Fixed Asset Fund Maintenance FuThJ Training Continuty Fund Strategic Fund 1.810.830 250,0 1118.5471 (64,eE9} 29,537 1,721,820 64,669 250.000 1,400,000 3.359,700 (662.075) 1350.8761 662.075 1.400,000 (1,305,716) 1.703.108 6.820.530 (1.196.167) 1549.435} 5.074.928 Total unrestricted funds 12,333.779 7,025,868 (7,019,221) 11,305,716) 11.034.710 ReStr￿ted frjnds Music Therapy Servres 359.305 (359.3051 Total reslrided fuTrJs 359.305 1359,3051 Total funds 12.333.T19 7.385.173 {7.378.5261 (1.305,716) 11.034,710 Anatysis of net assets betsveen funds FurKls at 31 Detsmber 2023 &e represented by.. GROUP Gerwal Fund Desgnated Funds Restricted Funds Total Funds Tangible Frxed Assets Investments Net current assets 1,674,628 3,290,510 1,674,628 6,703.989 1.081.418 3,413.479 1.081.418 4,494,897 4,￿5.138 9,460,036 Nor -Ro bins Music 53

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 CHARITY General Fund Designated Funds Restricted Fuhd5 Total Funds Tangible Fixed Assets Investments Nel current assets 1,674,628 3,290.510 1.674,628 6,687,027 824,100 3,3￿.517 824,1 4.220.617 4.965.138 9,185,755 Funds at 31 December 2022 are represented by: GROUP Ger￿1 Despjnated Fund Funds Restricted Funds Total Funds Tangible Frxed Assets Investments Net cuiient assets 1,721,820 3,353.108 1.721.820 7.616,178 2,051222 4.263.070 2.051.222 6.314.292 5.074.928 11,389,220 CHARITY General FurKI Designated FurK15 Restricted FLbTrJs Total Funds Tangible Ftxed Assets Investments Net current assets 1.721.820 3.353.108 1.721.820 7.643.623 1.B69.267 4,290.515 1.￿9.267 5,959.782 5,074.928 11,034,710 Designated fuThYs have been set aside by the Trustees as fo11th￿.. The Fixa Asset Fund represents the net bcxik value of all ￿ible fLxed assets held. The nel effect of all additions, disposals and depreoathx are transferred to thi5 fund. The Maintenance Fund has been designated to cover the c4)sts of pl￿)ned and unplanned repairs and maintenance to the ¢h8nty's buihYing$. The Strategic Development FLJnd has been designated as part of the charity's long term strategic plan lo enable the tharity lo support both its ongoing activities and its grLAvth pr¢yJramff* in the future. Invoslment gains and losses are also charged against thi5 fund. The training continuty fund has been designated lo safeguard the c£)ntinuty of study programmes for the charty's masters and PHD students. Nordoff-Robbin5 Mu51c

NOTES TOTHE FINANCIAL STATEME￿5 For the year ended 31 December 2023 15 COMPARATIVE STATEMENT OF FINANC]ALACTMTIES unre$￿ted ReSt￿t&￿ Ger￿ra1 DeswJnaI￿1 Restricted fvnds Funds Funds 2022 2022 2022 Notes Total funds 2022 INCOMEAND ENDOWMENTS FROM: Donations and Legacies Charitable Activrties Other Trading Activities Nel income from joint venture Investments Other 3.516,535 1,780.￿7 1,644,524 88.289 225.520 &59,305 3.875.840 1.780.007 1.644.S24 88,289 225,520 TOTAL 7 245 875 EXPENDITURE ON". Raising Funds Charitable Activities Other 1.409.481 4,355,062 37,700 108.844 1,087,323 1,518,325 359,305 5.801,690 37,700 TOTAL 5802243 11167 359J)5 OPERATING SURPLUSIIDEFICIT) Net gainslllossesl on Investments 1.452,632 11,1%.167) 256.465 11.305.716> 11J)5.716) NET INCOMEIIEXPENDITUREI 146.916 11.1,167) 11,049,2S11 Transfers Befv￿en Funds 549.435 (549.435) Net movement In funds. 6%.351 (1,745,602> 11.049.251) RECONCILiATION OF FUNDS Total fuNls brought foNard 5.617.941 6.820.530 12.438.471 TOTAL FUNDS CARRIED FORWARD 14 6.314.292 5.074,928 11.389.220 Nor -Ro bins Music

NOTES TO THE FINANCIAL STATEMENTS Forthe year ended 31 DKember 2023 16 FINANCIAL INsTRUME￿s Grwp Chity 2023 2022 2023 2022 Financial assets rroasured at fair value Financial assets rr￿u[ed at amortised c4)sl Financk81 liabilities measured amortised cost 6.686.926 7.643,522 6.686,926 7.643,522 1.527.453 2,696.968 1A41,494 2.262.886 393.612 604,442 564,970 Income in res￿ of financial instruments is sum￿OnS&￿ bebjw. There were no other expenses, gains or losses associated with financial instruments Grwp Charity 2023 2022 2023 2022 Total interest inwme for fina￿la1 assets held at amortised cost Investment incune at fair value 3.792 221.649 S.596 175.915 3,291 221,649 175,915 17 RELATED PARTIES Ultimate control of Nordoff ￿ Robbin$ rests wf(h its Board of Trustees. as detail￿ in the Trustees, Annual ReporL The Charit￿s wholty owned subsidiary, Sifver Cld Productths Limita￿, paid £354,510 {2022.' £109,501} to the pa￿nI charity in accordance with the t￿ of a cost-sharing agreement between the entities coverTng the purchase of staffiThJ and support costs. Sifver C￿f ProductM)ns Limited will grft aid ils profits of £274,279 to the parent charity during 2023. A balance of £89,324 was owing ftom Sifver Clef Productions at 31 December 202312022.. £463,404). Nordoff,and Robbins has 8 50% shareholdiro in MUS￿ Industy Trusts Limrted IMITS) which is considered to be a joint venture w(th the BRIT TnJst as there is I￿nt control. DurirwJ the year, MITS had one director, David Munns, in cc%nmon wrth Nordoff and Robbins. MITS d(￿at￿l £121.76112022.' £88,289) by gift aid lo Nordoff and Robbins in 2023. At the yearnd the MITS owed £17,(ff2 to Nordoff and Robbins12022'. NR Owed MITS.£27,345}. Damd Munns is a commn Trust& of the BRIT Trust. In 2023. Nordoff and Rct>bins received donatiorts of £400,00012022: £400,000) from the BRIT Tnjsl. Howard Jones Is a Trustee of Nordoff and Rci)bins and a partner at Sheridans who were peid £25.987 during the year for legal work reLaling lo intemational trademarks and intelleciual prt¥Jety rights12022.' £1,570}. No amount was owing to ShetNJans al the year end12022'. £1.570). Nordo -Ro ins Music

NOTE5 TO THE FINANCIAL STATEMENTS Forthe year ended 31 December 2023 17 RELATED PARTIES (CONTINUED) Neil Warnock is a Trustee of NO￿off and Robbins and chair of the Rcyal Abert Hall 150th Year committee. During the year no amounts were paid to the Royal Albert Hall forthe rental of the Hall in 202312022.. £1,400). No amunts Y￿re owing at the year end12022'. £0). Graham Bell is a Trust￿ ol Nordoff and Robbins and a DIr￿10T of Guitar Guitar, a mL￿1c retai18r from whcffl £1.752 of instnjments were puichased in 202312021.. £1,895). No amount w&8 wtng at the year end12022'. £50}. Donat*)ns frc(n Trustees during the YeartOtal￿ £20.574 {2022.' £15,840). The charity sublets land from the BRIT Schcd for Perfomi#ig Arts aThJ T￿h￿lC￿Y and have built a small unf( on r( and benefrt from some sharwl lacilrtEs which the BRIT SchcKJl genefousty provide. Addrtionalty. the Charity buys into some of the BRIT sclK(4's maintgrbanc8 contrxts. During the year, £211 was paid in reL8tion lo trustee expenses one trustee. These eypenses included trav81 and acCommodat￿n enabling trustees to atterxl meeting charty activ￿￿. NoTdoff-Robbins Mu51 57