## **Annual Report** ## **&** ## **Financial Accounts 2024-25** Wiltshire Rural Music 113 Gloucester Road, Trowbridge, Wiltshire, BA14 0AE www.wiltshireruralmusic.co.uk www.facebook.com/wiltsruralmusic www.instagram.com/wiltsruralmusic Registered Charity No : 309496 Registered Company in England & Wales No : 835252 1 ## Contents Page 2. History of Wiltshire Rural Music 3. Mission and Objectives 3. Our Values 3. Overview of our activities 6. The Team and our Hub 8. Fundraising and Partners 10. Chairman’s Report 13. Financial Report ## **History of Wiltshire Rural Music** Wiltshire Rural Music is an independent charity set up in 1933 to provide music (singing and instrumental) lessons to school children in Wiltshire and lead music/choral performances in rural communities in an age when far more people played and sang. The educational element changed in 1979 when the Local Education Authority formally took responsibility for school music. Now, Wiltshire Rural Music brings the joy of professional live music performances and music making to isolated/marginalised communities (both as a result of rural isolation and societal isolation) and to people on low incomes across Wiltshire. We want to ensure that live music of all kinds, but especially classical and acoustic, continues to be learnt and heard in a modern world where even whistling is hardly heard. Ear-buds can provide continuous streamed music – but take away the shared community provided by live performance. 2 ## **Our Mission and Objectives** We believe everyone in Wiltshire should have the opportunity to discover, explore and engage with music-making. We provide music for all stages of life - from the early years to retirement, and everything in between. Through our rural outreach programmes, ( _Keep Music In Mind, Musical Lunch Club, Rural Recitals),_ we will enable Wiltshire’s remote and isolated communities to access participatory music-making opportunities on their doorstep, offering them a social outlet when they need it most. We will support and encourage people of all ages to progress their musical learning through our Bursaries and Awards programmes. From our building, we will provide an inspiring space for our local community in Trowbridge, where music can be made, appreciated and celebrated. ## **Our Values** - Music is for everyone and there should be no barriers to participation. - Working in collaboration with individuals and communities to provide bespoke opportunities to meet their needs, interests and ambitions. - To support, encourage and nurture all forms of music-making. Music is for the mind, the soul and the body. - Support any and all efforts to use music to aid with health and wellbeing, both mental and physical, regardless of age, race, gender or ability. - Making music should be inclusive and diverse, open and accessible to all. - To support lifelong musical learning. - To bring music and social activity to isolated individuals and groups within rural villages and towns. - To enrich the lives of Wiltshire residents ## **Overview of our activities** ## **Keep Music in Mind – Ongoing** An ongoing project whereby WRM sends professional musicians into Care Homes and Memory Cafes throughout Wiltshire, providing live music to enrich and inspire those who attend. Music has been proven to unlock memories and boost wellbeing in Alzheimer’s patients and the results speak for themselves. A sleepy care home lounge is transformed into tapping toes and broad grins once the music starts. Keep Music in Mind has brought violinists, singers, clarinettist and piano players into homes and cafes on 47 occasions throughout the year, bringing smiles to an average of 15 people every time. In a 12 month period we have 3 visited care homes and memory cafes in Trowbridge, Bradford on Avon, Chippenham, Warminster, Swindon, Westbury, Devizes and Corsham. ## **Musical Lunch Club – Fortnightly** Funded with thanks by Wiltshire Community Foundation, the Musical Lunch Clubs runs from February 2024 – February 2026. Based at our Gloucester Road hub, we welcome over 65s from the local community for an hour of singalongs, musical memory games and live performance, followed by a simple lunch. The aim is to target those craving social interaction, providing them with a reason to leave the house and the opportunity to make friends whilst enjoying music from professional artists. ## **Tune@Noon - monthly** On the 2[nd] Wednesday of the month we open our doors to the local music lovers for our monthly Tune@Noon – an hour’s concert for £5, which includes unlimited coffee and cake. We have enjoyed sets from Claire King & Sue Lord, Beckford Strings, John Gutteridge and Slow Jam. Our audience numbers have been steady throughout the year as we now expect 19-25 through the door every month, bringing an average of £93 back into the charity’s pockets. 4 ## **Liz Lawrence Award** An annual invite for applications from young musicians heading off to study music at further education. The Liz Lawrence Award is a £1,000 prize for one 17-18 year old who has shown skill and promise in their musical discipline. After an informal audition, the winner is presented with a cheque as well as the opportunity to curate their own winner’s concert the following summer. The concerts are a showcase of their talent as well as the chance to collaborate with musical friends and colleagues in a one off performance celebrating THEM, all with the support of WRM. Previous 4 > V4 i winners have played at Longleat House, Edington Priory and Wiltshire Music Centre. The 2024 winner is bassoonist Bethan Cheshire from Westbury who’s concert is in July at Wiltshire Music Centre. ## **Instrument Hire** We have a huge range of classical and acoustic instruments available for hire in varying sizes. We offer these instruments on a daily or quarterly basis for more permanent learners, particularly giving younger learners the opportunity to try out an instrument, alleviating the expense of buying an instrument for just a trial period. We supported 7 adults and 29 young students over the course of the year with this service. ABRSM runs their termly exams from our centre too, with a team of volunteers, appointed by WRM, stewarding for a period of 3/4 days. We welcomed an average of 50 students per session over three terms of the year. So that’s 150 nervous candidates who are welcomed by our kind stewards on the day of their exam. ## **Bursaries** Wiltshire Rural Music provides bursaries and financial assistance for musical families who may need help with music tuition and related expenses. This is available to all children and adults 5 residing in Wiltshire. Funding meetings take place on a termly basis and students are assessed regularly to keep WRM in the loop with their learning and progress. |**Age Ranges**|**No of bursaries**
**awarded**| |---|---| |6 - 8 Years|2| |9 - 11 Years|5| |12 - 14 Years|6| |15 - 18 Years|5| |18 Years +|1| |**The Team**|||| |---|---|---|---| |Trustees: -|
Siân Dicker|-|President| ||Peggy Snell|-|Chairman| ||Graham Coatman|-|Vice Chairman (Part of year)| ||Sheila Parker|-|Treasurer| ||Doug Benson|-|Bursaries| ||Emma Davies|-|| ||Lorna Watchman|-|Liz Lawrence Award| ||Phil Springate|-|Bursaries, Liz Lawrence Award| ||Stewart Palmén|-|Wiltshire Council Representative| ||Trevor Carbin|-|| ||Vernon Hitchman|-|Health & Safety| Staff (Part-time): - Creative Director, Safeguarding Lead - Daisy Chapman 6 hours pw - Press & Marketing Daisy Chapman 8 hours pw - Fundraising Consultant Rachael Holtom ( 4 days pcm freelance) Administrator - Sue Dawson 20 hrs pw Volunteers: - 7 (Musical Lunch Club) 8 (Exam Stewards) 2 (leaders self-run groups) 6 4 (Events) 21 (T@N) = 42 Volunteers Members: - 145 Members (45 Paid up members) ## **Our Hub** 113 Gloucester Road in Trowbridge is a vibrant and busy venue, where ensembles rehearse, individuals teach and practice and young people learn. As well as our WRM ensembles (Saturday Orchestra, Ebonite Clarinet Choir, String-A-long, Singing Mamas, String Ensemble), the venue is also home to our monthly Tune@Noon events, at which local musicians perform an hour-long concert to WRM members and the general public. Our hub is also often hired by external groups such as, the Associated Board of Royal Schools of Music for the Trowbridge area exam hub (3 times per year), Wiltshire Young Musicians for their weekly Trowbridge Junior String group, Doves singing choir, a flute choir, plus individuals for private hire. Breakdown of Members / Activity Participation |**2024/25**|Total
Reach|Average
Attendees|Sessions|Additional Notes| |---|---|---|---|---| |**Keep Music in**
**Mind**|705|15|47|| |**Bursaries:**
**Under 18 Years**|18|18|-|| |**Bursaries:**
**18 Years +**|1|1|-|| |**Instrument Hire**|36|36|-|| |**Adult Music**
**Ensembles**
**Choirs**|4725|45|105|| |**Music Groups**
**(under 18 Yrs)**|405|9|45|Trowbridge Junior Strings| |**Liz Lawrence**
**Award/Concert**|60|60|1|| |**Musical Lunch Club**|403|16|25|36 attendees on the register
who have all returned at least
once.| |**ABRSM Exams**|150|50|3|| |**TOTALS**|6503|250|226|| 7 ## **Publicity & Social Media** As well as our Newsletter that goes out to registered members three times a year (Summer, Winter and Easter), our social media following has continued to grow. Facebook may be on slow-down, but it’s worth noting that the mid to older generations still really turn to it for information in the community. We’ve seen some active engagement from the “20 Years of Liz Lawrence” campaign which has dug into the archives to see where the alumni are now. Thanks to reaching out to FB groups in Trowbridge and surrounding areas, we have really seen a huge growth in our Tune@Noon audiences, particularly from neighbouring streets. Instagram has allowed us to reach younger groups using reels and short videos - this has particularly worked for the newest Singing Mamas choir. Trowbridge’s local newspaper ‘Celebrate’ has also given us a great deal of column inches to shout about what we do which has been a huge help. And our local radio (BBC Wiltshire and West Wilts Radio) have been very supportive in spreading the word on our events. ## **Followers:** Instagram - 877 Facebook - 1.3k ## **Fundraising** We are pleased to report that Wiltshire Rural Music secured £19,460 in the financial year 2024-5. We would like to thank all the trusts, foundations, local councils and businesses for their support. We could not carry out our valuable work without their help. Wiltshire Rural Music employs a freelance funding consultant for 44 days a year (increased from 3 days a week in the last financial year.) The current consultant, Rachael Holtom, has been in post since May 2023, and this year’s donations reflect an accumulation of her sustained effort, and the relatively new WRM team having a greater understanding of funding, including the importance of acknowledging and keeping in touch with funders, and of good evaluation. We have a firm foundation to build on. Fifty applications were made to trusts, foundations and local councils in 2024-5. A further two (for bursaries and Keep Music In Mind) were sent to the Ludlow Group which administers approximately 250 T&Fs and filters to the most appropriate. The WRM team has also compiled evaluation reports for all funders. These include photos and quotes from people we have helped, if available. We were grateful to have received 19 grants from funders during this year. Some applications were written in 2023-4 (there is often a significant period between submission and decision.) 8 We would like to thank the following: ## **Musical Lunch Club (£2,435)** Wiltshire Council - Trowbridge Area Board - £495 Trowbridge Town Trust - £1,000 St James’ Trust - £390 Trowbridge Town Council - £550 Pargiter Trust / Wiltshire Community Foundation (2 years) - £9,576 ## **Keep Music In Mind (£13,690)** The AMMCO Trust- £500 The de Brye Charitable Trust - £2,000 The Samuel William Farmer Trust - £2,500 Corsham Town Council - £690 Wiltshire Council - Chippenham Area Board - £1,500 Sir George Earle Benevolent Trust (via the Wilts Community Foundation) - £2,000 Wiltshire Council - Trowbridge Area Board - £750 Wiltshire Council - Corsham Area Board - £750 The Annett Trust - £500 The Jack Lane Charitable Trust - £1,000 Chippenham Town Council - £1,500 ## **Bursaries (£1,600)** The Bloss Family Foundation - £600 The Four Barrow Foundation - £1,000 Capital/Equipment ( £1,735) Haines & Smiths Opticians - Mobile ramp - £135 Trowbridge Area Board - Improve access and wall repairs - £1,600 9 ## **WRM 100 Club** This initiative raised £1,025.73 towards the charity’s core costs over the year. Thank you to all who take part. ## **Chairman’s Report** - Peggy Snell Welcome to this year's report from the chairman of the trustees. Well what a splendid year we’ve had. The good news is last July I contacted Siân Dicker (Soprano Singer) to see if she would consider becoming the President of Wiltshire Rural Music, we are delighted to welcome Siân as President and she has already attended our trustees meetings. Not so good news, trustee Graham Coatman decided to devote his energies to musical projects in a different part of the country and has resigned, we are sorry to see him go but thank him for his input and wish him well in the future. Tune at Noon, we have had a lovely group of regulars attend the hub to listen to music provided by Sian and Rob Bluegrass Duo, Brass Chamber Group, Sloejam, Lucy Hewson and Lorna Davis, Beckford Strings, Sue Lord, Claire King and David Knowles, a big thank you to all the musicians and singers for giving their time to entertain us. It is nice to see the regulars enjoying themselves over a piece of cake and tea/coffee as they listen. The Lunch Club has gone from strength to strength, and it is really lovely to see so many smiling faces and watch some of the people making new friends and getting involved with the music, as well as eating their lunch. The Liz Lawrence Award 2024 was won by Bethan Cheshire (Bassoonist) who received a cheque presented by Deputy Mayor Stewart Palmén. She will be performing in the Music Centre (Bradford on Avon) Friday 18th July accompanied by members of her family. This is not to be missed, this young lady will go far. Over the passed year Rachael, our fundraiser has worked tirelessly to raise funding for a number of projects namely the Lunch Club, Keep Music in Mind and maintenance projects 10 which needed addressing, like a new path around the building for health and safety, repairs to the front wall, the fire escape/back stairs to the flat upstairs. Well done Rachael for your dedication. Sue and Daisy’s contributions are priceless - to Sue who keeps everything ticking over and addresses any issues which may arise and to Daisy who inspires musicians to give their time to entertain and find new projects to aim for in the future a very big thank you to you both, the three Sue, Daisy and Rachael make sure it’s a great team together, well done to each of you. On a different vein it would be nice if we had a few more Trustees - if anyone would like to join our team you would be more than welcome, give it a go you might find you enjoy it. We have been very fortunate to receive a gift from the will of Audrey Catford and her estate. A final thank you to our band of volunteers, a big thank you, without your help Sue, Daisy and Rachael would be run ragged so keep up the good - work we need you. May we continue to bring music in all its forms to the residents of Wiltshire. ## _Peggy_ ## BUSINESS PLANNING Full details of our financial position can be found in our annual accounts, where it can be seen that we are now operating with a surplus, but we must no rely on this. For that reason, the board continues to concentrate our efforts on our core function, that of assisting young people in their musical education, older people in Wiltshire as well as reaching new communities with new projects currently in planning. To that end, the Board continues to support the statement from previous reports that we would: Protect and safeguard the assets of our charity against unforeseen emergency Protect against unforeseen day-to-day operational costs Protect our Bursaries and Awards which give financial support to the people of Wiltshire ## STATEMENT OF RESPONSIBILITIES OF THE BOARD Company law requires the Board to prepare financial statements for each financial year, which give a true and fair view of the affairs of the Company and of the profit and loss for that period. In preparing these financial statements, the Council is required to: 1. Select suitable accounting policies and then apply them consistently 2. Make judgements that are reasonable and prudent 11 3. Prepare the financial staternents on a "going concern" basis, unless it is inappropriate to presume that the company will continue in business The Board is responsible for keeping proper accounting records that disclose at any time, with reasonable accuracy, the financial position of the Company and enable it to ensure that the financial statements comply with the Companies Act, 1985. It is also responsible for safeguarding the assets of the Company and, hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities. REVIEW OF BUSINESS A summary of the results for the period is given in the accounts. The Board considers the state of the Company's affairs to be stable for the short term. but continued investment/funding will be required for the long term. The operating surplus for the year amounted to £38,543. FIXED ASSETS Movements in fixed assets are shown in the accounts. The freehold shown of the Balance Sheet is 113, Gloucester Road, Trowbridge, and is stated at cost. This property had, at the end of the year, a market value of approximately £275,000 (valued in 2015), although this does not reflect recent changes in the property market. AUDITORS The Company has not appointed an auditor as provided under Section 294A CA 1985, but R.E.Froud & Associates have carried out an independent examination. A current and a Treasurer's Account are held at Lloyd's Bank, 64, Fore Street Trowbridge. A further Deposit account, together with the accounts of the Wilts Rural Music School and the restricted account of the Liz Lawrence Award Fund are held with COIF Charity Funds, l Angel Lane, London. EC4R 3AB SMALL COMPANY RULES In preparing this report, the Board has taken advantage of the special exemptions applicable to small companies. BY ORDER OF THE BOARD Dated.. Mrs Peggy Snell {Chairman} 12 Co. Reg. No: Charity no: 00835252 309496 WILTSHIRE RURAL MUSIC SCHOOL LIMITED (The company is limited by guarantee without share capital) 113 Gloucester Road Trowbridge Wiltshire BA14 OAE UNAUDITED FINANCIAL STATEMENTS 31st March 2025 R. E. Froud & Associates Ltd Chartered Management Accountsnts 61 Robins Lane Frome Somerset BA113Er WILTSHIRE RURAL MUSIC SCHOOL LIMITED The company is limiied by guarantee without share capital Chairnian P Snell Treasurer S G Parker Board membersrrrustees A Ba￿ey- resigned 16 July 2024 D Benson T W Carbin G Coatrnan - resigned 5 December 2024 E Davies S Dicker- appointed 16 July 2024 V Hitchman S Palmen - appointed 20 January 2025 P Springate l Thom - reS￿nad 20 January 2025 L Watchman Admlnlstrator S W Dawson Reglstered C>ffi¢e 113 Gloucester Road Trowbridge Wiltshire BA14 OAE Bankers Lbyds TSB 64 Fore Street Trowbridge Wiltshire BA14 8EU Examln•r R. E. Froud & Associates Ltd 61 Robins Lan8 Frorne Somerset BA113ET Reglsterod Numbor 00835252 Reglstered Charlty Number 309496 Page 1 WILTS We are extremely grateful for Ihe following donatlonsffinancial support received durlng the Year 2024125. RUR MUS ABRSM volunteer stewards Su8 Martin. Trevor Carbin. Christine Charnpney. Sue Stephens, Sue Dawson. Daisy Chapman. Theresa Cole. and Vicky Davis Muslcal Lunch Club volunteers Alison Yare. Nwla, Lois, Cath Henchman and Rachael Holtom Alzheimers Suppjrt Anne Marshall (ABRSM Examiner) Athelstan House Audrey Nailor Blenheim House BOA Dementia Club Bupa Celia Rees Chipp8nham Day C8ntr8 Chris Boddie Daniel Baker (ABRSM Examin8r) Donation received in memory of Audrey Catford Elizabeth Snell & Family Independent Funeral Directors Elmfield Care Ltd Fidelia Care Ltd Goodson Lodge Residents'al Care Home Haydon Wick Parish Councll Jack Lane Charltable Trust Joanna Harries John Lauder - P18y day session Kirstin Peterson Mill Street Club Ms Sarah Rivers Old Silk Works Pat K8nwrick Richard & Celia Young Seymour House, Chlppenham Sidmouth St Club Sounds Better Springfield Communty Centre Susan Daniels Warminster Memory Cafe Westbury Court Care Home Westbury Memory Cafe Funding received for specffjic projects... Keep Muslc In Mlnd AMMCO Charitable Twst Annetts Trust Chippenham Area Board Chippenham Town Council Corsham Area Board d8 Byre Charitsble Trust Samuel William Farmer Trust Sir George Earle Benevolent Trust Trowbridge Area Board Wiltshire Community Foundation Muslcal Lunch Club St James Trust Trowbridge Area Board Trowbridge Town Council Trowbridge Tobyn Trust Corsham Town Council Young Persons, Bursary Scheme Bloss Family Foundation BOA Rotsry Club Ludmila Bezpaltchaya and fn'ends The Chandos Singers The Four Barr0V￿ Foundation Adult Bursary Sloejam Premlses Haines & Smith Opticians Trowbridge Area Board Liz Lawrence Award Mary & Christopher Teed Also special thanks to all our anonymous donors Donations rec8ived from purchases made through Eas￿1ndraISIng and all participants of th8 '100 Club, campaign. Thank you all Tax Is recovered on all donations for which a Gift Aid Fom has been completed. WILTSHIRE RURAL MUSIC SCHOOL LIMITED The company b Ilmlled by guarantee *thout sh¥è capit RECT ONTHEU CHOOL UMrrED MENTS OF LT athities (mtkmjing ineome aTrY expgnthturn at￿￿7t). Statem￿ of financi81 F*JSitKJn, aTrJ the rdobj rx)tes. The truste85 (*tho arn also thè direcbrs of thg c¥Jnwy for Iho of compony law) ￿ respoDsiblg for the prepar8tson of Ihe finanixal statements. InJste85 C4Jnsidw that an audit is not required for Iht8 year undor sectlon 144(2) of th8 Chartli88 2011 arnt that an indopwxlwrt examln8tK)n its nwjed. l am quallfiod to (CIMA). eyaw4rwlon. h 18 my r08pNs1bi￿ty kn.. &Yamin8 the acuunts urth secthn 145 dthe 2011 8ectbrn 1451SXb) dlhe 2011 * aThJ My exarnlnatlon ￿ carrled out In aceordan¢e w41h th& ww81 dtredi(Th 9FVOn by Ihe Charity Comniw. An mlnatlon indude8 a review (rf the w)untsThJ reo)rd3 kept by the d￿rity and a comp¥f8on of the act￿nts and seeklng oWanatlon8 from Y￿ as truseo8 (x)n¢￿Ing any 8uth mattern. The pro¢•Jum urrflertak•n dri not provld8 al the evklencA that bo r8qulr•J th an audtt 8nd rA)nsequw)ty no oplnknn * glvèn as to eth8r th& acc￿nts presgnl 8 Irue arKI tslr VW arKI the rw Is IlmlteAI to th088 rnatters #et out in the next Ind•p•nd•nt •xamln•rf• •tat•m In connectlon my &yAmbnalion, rK• ffottw ha8 0)Trw tr> my attentkn: (1) Ththlch ￿Ve$ mo rn480Mbl8 *) bekeve that In any materfal re8p8(a th& roquirem8ftts: . to keep accountlry I￿r03 acccfdanca th se(Ilon 386 of the Companles Act 2(K)6. 8nd . to PTep8r8 ac£¥Junts which ac¢xYd th8 ￿*￿ing record8, compty wlth tho aco)unllTrJ +• reouirèm8nts (rf 89caion 396 of the c￿￿185 Ad 2(Th aThJ ￿th the mall￿8 ￿ rKincaFth of tho Statement cf Recornmonded PrwAice: Acc 265 Net movoment In fvnds 34,441 537 38,543 13,0571 Roconclllatlon of funds Total funds brought forward Total funds carrled fonvard 275,291 309,733 51,335 51,872 19,197 22,761 345.823 384,365 348,879 345,823 The Ststement of Financlal Aclivioes Includes all gains and losses in the year and therefore a ststement of totsl recognised gains and losses has r￿t been prepared. AM of the above amunts relat8 to continuing acbvitses. P8ge 4 WILTSHIRE RURAL MUSIC SCHOOL LIMITED The company is limited by guarantee without share capital STATEMENT OF FINANCIAL POSITION AS AT 31 ST MARCH 2025 Notes 2025 2024 FIXED ASSETS Tangible Assets Investments (at Market Value) COIF Fund.. 102.95 unrts (2024- 192.98 units) M & G Charifund". 1708 units 275,129 275,144 25,939 25,933 26,465 24,870 51,872 51.335 327.001 326,478 CURRENT ASSETS Cash at bank and in hand COIF Deposit Fund COIF Deposit Liz Lawrence Fund Other debtors Trade Debtors 23,084 30.536 3,233 386 125 18.214 403 141 722 57,364 19,479 CREDITORS: Amounts falling due within one year 10 135 NET CURRENT ASSETS 57,364 19,344 NET ASSETS 384,365 345.823 FUNDS OF THE CHARITY Restricted funds Designated funds Unrestricted funds Revaluation reserve 11 11 11 22,761 51,872 48,862 260,871 19,197 51,335 14,420 260,871 TOTAL CHARETY FUNDS 384,365 345,823 For the year ended 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance ￿ryth section 476.. and The trustees 8cknowledge their responsibilities for complying with the requirements of the Act ￿ryth respect to accounts'ng recprds and the preparation of accounts. These financial statements were approved by the members of the committee and authorised for Issue onthe. 9*L￿.￿A￿￿2￿2s.and are signed on their behalf by. nell Company registration number. 00835252 Page 5 LTSHIRE RURAL MUSIC SCHOOL LIMITED The company is limited by guarantee without share capitsl FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POUCIES Basls of accountlng These financial stslements have been prepared in compliance wilh FRS 102. The Financial Reporting Standard applicable in the UK and the ReF)ubli¢ of Ireland,, the Statement of Recommended Practice applicable to charrties preparing their accounts in accordance wtlh the Financial ReForts"ng Standard applicable in the UK and Republi¢ of Ireland (FRS 1021 {Charitses SORP IFRS 102)} and the Charities Act 2011. Incomlng resources Grant income is recognised in thg p8rioJ specified by the donor. Other grants and donations received are recognised as voluntary incomg. Hire and rgntal income is recognised once it b￿rneS receivable. Income from workshops, concerts. music projects aTKI any other form of income is recognised at tim8 of receipL Rosourcos Oxponded Resources expanded are recognlsed in the wiod tw are In￿rred include any attrlbutable VAT whlch cannot be rocovered. Flxéd As￿8 Atl flxed assets are Inttlalty reciwdod 81 cosL Assets ¢08tlng lass than £250 ara c*argod to re%Jurce5 exp8nded in the year they are purchased. Depreclatlon Depreclation is calculated so as to write off the cost of an &sset. Itss its estimated residual value, over the usefvl economlc life of that asset as follows: Musical Instruments Office Equipment 10 years strdight line - 10% raduang balance Fr88hold propwty18 not depre¢lated. Dew8¢lation of a860ts c4)mmoncos Or￿ tho assal Is installed and ready to Use. Funds Unrestrlcted fund8 are available for use at d1scffjl￿jn of the trustees to further any of the charitys purpose8. DosIgnat￿ furKls are unrestiicted funds 88rmarked by the tn￿te88 for partI￿￿ar future project or cvmmltment. Restricted funds are subjected to restrictions on thelr expenditure dedared by the dorKrf OT through the terms of an appeal. and fall into one of Iwo SUI￿asses. restric￿ income funds or endowment funds. Transfèr between fijnds have been due to fund m8t¢hlw and Correctkm to trevlous y8ar balan1￿ for the Liz Lawrence award. Investmonts Unlisted equity Investments are initlalty re¢roded at cost, arKI subsequenty measure at fair value. If falr v81ue cannot be reliably measured. assets are mea$uwl al cost less impainT￿. Listed inveslments are rneasured at fair valug with chan98s in fair valu8 being recogni*l in income or eyThliture. Cash Flow S￿￿*M•￿t The company has opted not to prepare 8 Cash Flow Statement for the perlod. 2. LIMITED BY GUARAKfEE The company is limited by guarantee not haviThJ a share I￿￿ts1. Every member of the company und6rtake5 to contribute such amounts as may be required (not exceedirwJ £1 } to the assets of the o)mpany rf il Sh(￿ld be wound up whi18 hg is a member or within one year after he ceases to b8 a member. for payments of the o)mpany's debts and liabilities contracted before he ceases to be a m8mt*r. and of the costs. charges and expenses of wnding up. and for adjustment of the rights of the contributories arn￿g thems8fves. P8g& 6 WILTSHIRE RURAL MUSIC SCHOOL LIMITED The company is limited by guarantee wrthout share capitsl FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS - cont'd 3. DONATIONS AND GRANT 2025 Restricted funds 2024 Total funds Unrestricted funds Designated funds Totsl funds Donations General donations Ltz Lawrence donation Grants Grantslmatch funding Haine and Smith Opticians 44.732 1,221 4,000 45.953 3.305 17,225 17.225 14,226 135 4. CHARITABLE ACTNMES 2025 Restricted funds 2024 Total funds Unrestricted funds Designated funds Total funds Generdl Fundraising Fundraising for Youro Persons Bursaries Music Projects 2.645 2.645 3.482 1.374 500 1.374 500 1,426 5. OTHER TRADING ACTIVM 2025 Restricted funds 2024 Total fund• Unrestricted funds Designated funds Total funds Ensembles and workshops Room hire Instrument hire Income from investments Other income 6,187 4,205 3.355 867 373 6,187 4,205 3,355 960 373 5,183 3,714 3,581 1,929 600 93 6. OTHER INCOME 2025 Restrlcted funds 2024 Total funds Unrestricted Designated funds funds Tolal funds Rental income 10,317 10,317 9,840 7. STAFF COSTS AND EMOLUMENTS Total staff costs were as follows: 2025 2024 Wages and salaries Subcontractors Employers Nl Pension costs Staff training 14.379 8,571 1333) 244 12,663 13,848 333 190 22,862 27,033 Particulars of employees: The average numb8r of employees during the year, was as follows: 2025 2024 Marrdgement and administrab'on staff Page 7 WILTSHIRE RURAL MUSIC SCHOOL LIMITED The company is limited by guarantee without share capital FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS - confd 8. FIXED ASSErs Fr8ehold Property Musical 1nStruff￿nts Equipment Total COST As at 1 April 2024 Additions Revaluation As at 31 March 2025 275,000 9,833 286,734 275.000 1.901 286,734 DEPRECIATION As at 1 April 2024 Charge for the year As at 31 March 2025 1.757 14 1.772 9.833 11,590 14 11,605 9,833 NET BOOK VALUE As at 31 March 2025 275.000 129 275,129 As at 31 March 2024 275,000 144 275.144 Th8 Freehold propety at 113 Gloucester Road is slated at cosL A valuation has nol been obtained in the y88r to 31 st March 2025 9. INVESTMENTS Movement in market V8lu8 2025 2024 ma￿et Value at 1 April COIF Fund M&G Chaiifund 26,465 24,870 23.593 25.333 Market Value at 31 March COIF Fund M&G CharFlund 25.939 25,933 26,485 24,870 10. CREDrroRS". Amounts falllng due wlthln one year 2025 2024 Other creditors Deferred incomè 135 135 11. Analy818 ol charltablo funds At 1 April 2024 At31 March 2025 48,862 Inco Exp8ndibJre Trdnsfers Unrestricted funds 14,420 70.491 (36.912) 862 Dèsignated funds M&G Fund Jean Horsfall 24,870 26,465 51.335 2.190 (1,1271 25,933 25,939 51,872 526 (526) 2.190 (1,1271 Restricted funds Young Persons Bursapj Visible Voices Keep Music in Mind Hear Our Song Musical Lunch Club Adull Bursary Premises ImprOv￿Ment Liz Lawrence 6.203 2,395 {3.3921 5.206 0.00 7,590 3.853 13.6 {9.953) 8.365 500 135 141 19,197 {5,697) (572) (500) (1,000) (21.113) 5,103 393 1,235 3,233 22,761 200 1.600 4,093 24.413 265 265 Revaluation reserve 260.871 260.871 Total fund5 345,823 97,093 58,551 384,365 P8ge 8 WILTSHIRE RURAL MUSIC SCHOOL LIMITED The company is limited by guarantee without share capital STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 DETAILED INCOME AND EXPENDITURE ACCOUNT 2025 2024 INCOME Grants - other Donations Special Events Fundraising Ensembles and workshops Room Hi Music Projects Income From Investments Instrument Hire Other income Rent R8C8iV8d 17,225 45.953 2,285 3,305 1,280 2,985 5,183 3.714 4,019 6.187 1.1. 13,502 1,929 3.581 600 9,840 3.355 373 10,317 97,093 48,204 EXPENDITURE Staff costs Community pot Bursaries Ensembles and workshops Music projects Instrumènts Speclal Events Publicity Premises Running Costs Management and administration 22.862 27.033 373 3,012 2,666 9,963 744 15,616 3.221 615 6,005 2.874 2,862 60.215 53.670 Net gainsl(losses) on investments 2.409 OPERATING SURPLUSIIDEFICM FOR THE YEAR 38,543 3,057 P8g8 9