Charlty registration number SC036695 (5cotlandl MUSIC 4 U ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MUSIC4 U LEGAL AND ADMINisfRATIVE INFORMATION Trustees Charlty reglstration SCotld SC03669S Prfntlpal address 37 Waterloo Quav Provendw H(xe Aberen Scotland ABII 5BS Independent examiner Thyme Tay & Accountanq Ltd 36 An8usffeld Avewe Aberdeen Aberdeensh*e UThted Kingdom AB15 6AQ Banke Bank of kndand 9 VIc<Krfa Street Dyce AberCenShre AB217DX
MUSIC4 U CONTENTS Trustees, report Independent examiner's report Statement of flnanclal activitles Statement of flnanclal posltion Notes to the flnanclal statements 9-19
MUSIC 4 U TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial ststements for the year ended 31 March 2025. The financial ststements have been prepared in accordance with the accountlng policie5 set out in note I to the financlal statements and comply wlth the charity's governing document, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts Iscotlandl Regulations 26 las amended) and 'Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 2019). Oblectfves and actlvltles Our Aim, is to reduce inequality, exclusion and disadvantage and bring inclusivity to the Cultural Life of Aberdeen Clty and Aberdeenshlre. Our Objective, Is to provide true integration enabling those with addltlonal support needs and those without to understand, learn, help and support each other through son8. dan. music and theatre. We achieve this by provldln8 a stepped pathway of person-centred workshops for each individual to develop their natural abilities and talents. Our Activities. developed Integrated stage school workshops & classes open 4 days within Merchant House Waterloo Quay where we have long term residency. In addition, we perfom various Stage and communlty performance5 throughout Aberdeen City and Aberdeenshire. Wlthln each workshop and performance, we have a fully tralned tutors who dellver our actlvltles alongside enablers lenabler5 are those who are specifically employed to work with our vulnerable children and youn8 adults with additional support needs). All tutors and enablers are chosen for their additional ability to encourage and enrich the lives of participant5 and slncerely want those with dlfferent needs to not only attend, but to participate and achieve. Public benefit The trustees have paid due regard to guidance issued by the Charlty Commi5sion in decidin8 what actlvities the charity should undertake.
MUSIC 4 U TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performance SOUNDS OF MUSIC contlnues to run out of Merchanvs House. Vlaterloo Quay 4 Days per week offerlng 19 Students opportunities within the Performlng Arts sector. The project remains unique and innovative - Participants work alongside profe55ional tutors who are trained In Enablement Skills. MAPS- Music and Performance Saturdavs SONG book / CONFI DANCE/NEW FACES/MUSIC and 5fAGECRAFT/ SOUNDS OF MUSIC SATURDAY'S" These group5 became challenging in terms of numbers of mainstream partitipants declining and those with ASN 5eekin8 places. A declsion was made to halt actlvlty from WQ on Saturday'5 when the offer of a Unlt wlthin Aberdeen's Trinlty Mall with an agreement that Live Entertainment sesslons were delivered periodically. A weevs Summer Workshop actlvity was set up with a view to recruiting new members which had a modicum of success. Saturday activlty contlnued from Unlt 8 with the emphasise mainly on rehearsal workshops for upcoming shows and events and were re-named UpSTAGE with a workin8 title of UPSTAGE PERFORMANCE ACADEMY In the 6 months leadin8 UP to December difflcult decisions had to be made regarding the continuance of THE IVORIES. WQPL advised us that the company had gone into adminlstrdtlon. A new buslne55 took over and the relatlonship with Muslc 4 U and the new company became unmanageable as the new company did not seek to support the charity's Soclal Enterprise initiative. Some of the NEET project ideas contlnued and planned fundralsln8 events were hOnoud ahead of the doors 1051ng at the end of November 2024. Some VP actlvity took place In Merchant's House wfth THE IVORIES POP-UP COFFEE SHOP. The equipment we sourced during our time runnin8 Tl is ours and can be used ad-hoc. We had made good progress wlth VOCATIONAL PATHWAYS encoura8ln8 our Youn8 People vthin the NEEf category to en8age with Music 4 U projerts and this continues - the most successful of which is EVERLASTING LOVE. This takes our performers into Care Homes. Dementia Centres and Respite & Rehabilitation Units brin8ing the music of yesteryear to the lives of those cared for in these establishments. Also new for 2025 was our engagement with the Scottish Governmént's THE PROMISE initiative. We took our bespoke Musi¢ Projects Into 12 schools in Aberdeenshire worklng with YP who a Care Experlenced. Events and Showcases: Sequins and song- the Chester Hotel- a fundraising lunch in conjunction with Talegate Theatre In house fundraising events in the Ivorie5 inc karaoke/bingo/open rnic in conjunction with VP The sound of musicals- The Axis Centre, Newmachar- Whole school perforMan- fundraiser Fyvie British Legion Abbasolutely Fabulour- Leonardo's Hotel, Dyce Lets Get Quizical 2024- Newburgh Inn- annual fundraising qulz Newburgh Inn's Christmas fayre Music 4 U Christmas show¢a5e 12 Days of Christmas 2024- includlng Trinity Centre carols and Kingswells Nosh and Natter Holocaust Memorlal Day. Cowdry Hall, Aberdeen Launch of the Bankhead 52ixi- The Brig '0 Don - fundraising initiative in line with M4U's 4 500 initiative and the charity's imminent 20 year anniversary
MUSIC4 U TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAROI 2025 nancial revlew During the finanaal year charity gerated a surplu5 of £2,546 (2024.. deficit of £51,2011. The unRstrlrted funds as at 31 March 2025 are £44,221 after allowins for fund tied up in fued a55ets the unre5triLted firals aval1ae to speTKI at year end are £36,495 In the Trustoe5' view, the reserves shguld provKle the charity 7th adequate financial stability and the mean5 for St io meet Its tharitable objectives. The Trustee5 aim to retain unrestricted reser¥e5 to cover cperdtional costs fty 3-6 morth5, which would be up to £75.(. Grant Fundin8 Secured We are extremely grateful to the undemoted Funders for Showing their 5UPPOrt to enable (wjr youth WFth Additional Support Needs to attend our WorkshOk free of tharge: Grants Received From 24125.. Chlldren In Need, Ganochy Trust. Youth Musi4 NHS Gramixan. Aberdeen Students Shw PeterkI Gordon Fraser, Aberdeen City Council, Trades Wldow5, St James Place, Souter Trus¢ Tur¢ Connell and T K Maxx. Rlsk Management The Trusiee5 have a55e55ed the major rlsks to vthlch SCIO is exposed. in particular those related to the operations and finances of the SCIO, in order to satisfy themselves that systems were in pkce to mitigate the SCIO'S exposure to the major risk& Plans for futu perlod5 Within an evef changin8 economk and pOl1c31 kndstape knpatting charits as a whole and being gIonallY located in the Northeast of Scotland where the communltles are Imparted by 8(Arnment declslon making around the future of oil and gas we need to continue to become as flnancially self-reliant as p%sble. With this in mlnd. we wlll strlve to become 90% cost nèutral over a 3-ar pgriod by fo¢ussin8 offer on those a8ed 16+ who Strle wlthln m•nstream educatlon or 50dery. To become more robust in what we provide offpr we will focus on reali8nin8 the tharity to what it does be which is working with those with additional support needs in thÈ 16+ age bracket. Expardin8 Into th• shire. so we can intrease student numbers. generate awareress and promote our offeriny to areas tFwt have limtted access to the arts without drivin8 Ion8 distances. These area5 also he artrwe communities which are slJPP)rtive of those Ivir6 in the area. We will also focus on developing vocational Pathwa WFth the aim of creating a rnore consistent and effective experience for the students. Thi5 will also become a unique selliiE p)int along wrth the perfOrnIan asixt of what we do. StrUCre1 go%Than and magernent Music 4 U is a registered SCIO (founded on 22 November 2005 and became a Scottish Charitable Incorwrated Organisation ISCIOI on 8th April 20161. It Is admlnlstered in accordan with the tern)s of the Co[1[. Trre a no re5tricttons inposed by the Con5trtution C(rnIng the way In wthlch the SCIO 0re$. The "rustees M'PTO %p.prec tJLrin-. t arana up to the date ot Signature of the financial Statem were:
MUSIC4 U TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recruitment ond appointmentof trustees Member5 of the Association's Management commlttee are the SCIO'S Trustees. Indlvidual members are elceted at the AGM for a 12-month term and meet quarterly. We continued the recruitment drive for additional Trustees throughout 24125 advertising in most of the haritable recruitment sltes and local business forum5. Inductlon and Tralnlng of Trustees and stsff Tralning provider Youth Scotland Ibecame members December 20201 Understanding Autism Child Protection Awareness Chlld Protectlon Officer Tralnln8 Mental Health Champlon Funding Surgery Induction Training The above training runs throughout the year and all volunteers and workers will carry out the appropriate tralning for their role. Good Governance AvRrd IGGA) In a bid to strengthen the governance of our Board and charlty we continue working towards this, The GGA Is Scotland's charity quality standard. Key Management Personnel The Trustee5 consider the Board of Trustees and the Operdtions & Creative Manager as comprislng the key management personnel of the SCIO, In charge of dlrecting and controlling the SCIO and runnlng and operatlng the SCIO on a day to day basis. All Trustees 8ive thelr time freely and no Trustee remuneratlon was paid in the year. The Operations & Creatlve Manager is employed full-time. Organist7tionolstrutture The Trustees meet four times a year and a responsible forthe management and or8anisation of the charity. The Operatlonal 8oard is made up of the Operational Management Tearn: Supported by the Board of Trustees, meet minimum monthly.. Chairperson (Board of trustees) Treasurer (Board of trustees) Operations & Creative Manager (Full-time employee) Fundraising Officer (contracted) The Operational Board primarily manages. supports and guide5 the day-to-day operdtional business delivery, including workshops and performances all in line with agreed Aims. Objectives. and Activltles las noted above page 11. The Operational Board looks at ways to enhan the operational busine55 Outcomes, maximising delivery for the students and local communities all within the agreed financial framework and grant compliances. It works on future development opportunities and strategies all èligned to the organisations Aims and Objectives Icharterl forwarding these to the wider Board of Trustees for their deliberation and approval before irnplementation.The Board works and manages with the desired aim of reducing inequality. exclusion & disadvantage and bring inclustvity through Music and Theatre to the Cultural Ltfe of Aberdeen City and surrounding areas in the Northeast of Scotland
MUSIC4 U TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report was ap roved b the Board of Trustees. Chalrperson of Tnistee 31 December 2025
MUSIC4 U INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSIC4 U I report on the financial statements ofthe tharity for the year ajded 31 March 2025. which are set out on pages 7 to 19. Respectlve resp50b111lle5 of trustees exornlner The charlty's rrustees are re5ponslble for the prepai3tlon of the financial statements In accordance with the terms of the Charities and Trustee Investments (Scotland) Act 25 and the Ch¥ltles Accounts (Scotland} Re8ulations 2006. The charity's trustees corssider that the autht wuirement of Re8ulation Iolllla) to Icl of the 2C06 Accounts Regulations does not apply. It is my responsibilty to examine the finanLial 5taternents as required der 4ql}Ic) of the Act and State whether particular rnatters have coTr to rry attention. Basis of ind•pgnd•nt examin¢e$ statemert My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Re8ulatlons 26. An •xamination includes a re¥iew of the a¢countir)g records kept by the charity and è comparison of the tinancial staternenis presented with those reco$. It also indudes tonsideration of any unusual items or (fix105wes in the finanoal Statements, and seeking explanations from the trnstees concerning any such rnattprs. The syocèdures undertaken do not provide all the evidence that would be reqUId in an audtt and consequently I do r%)t exwess aft audit opinion on the view Veft by th financial statements. Independent examiner¥ statement Your attention is drawn to the fact that the charity has prepared finanoal stateents in accordance with Accourrting and reporting by CharFties pparIng thr (XInts in accordance wilh the Finanoal Reporbng Stsndard applicable in the UK and Republic of Ireland (FPS 1021 in preference to the Accounting and Rewting brf Charities". Statement of RernMended Prartice issued on l April 2005 which is ferred to in the extant regulations but ha5 now been withdréwn. l under5tsnd that thb has been done in order for the ftnanc¢l statements to provlde a tnE and fairview in accordance with Generally Accepted Accounting Practice effertFwe for reporting periods beginnirE on or after l January 2015. In connection with my examinatton, no other matter eAcept that referred to in the previous pardgrnph has come to my arEentlon'. (al which gives me reasonable cause to belEve that in any rnateriaf resptxt the requirements: to keep accounting cordS in accordance with Settl 44111 {al of the 2CK)5 Att and Regulation 4 of the 2C Accounts Regulations: and rii) to Fxepare finanoal stateThnts vthlth accord with the accounting records and o)mply with Re8ulation 8 of the 2006 Accounts Regulations: have not been met or {bl to which. in my opinlon, attention should be in ordw to enaLle a proper underrKlin8 of the financial statements to be reached. yme ccourTtancy Lt 36 Angusfleld Aven Aberd*n Aberdeenshire AB15 6AQ United Kingdom ax Dated: 31 December 2025
MUSIC 4 U STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restrl¢ted fvnds 2025 Totsl Unrestrlrted funds 2024 Restrlcted funds 2024 Totsl 2025 2024 Note5 Income from: Donations and legacies Charitable activitie5 Other tradlng actlvltles 39.386 113,743 9.697 31,3(Kl 70.686 113.743 9.697 41.881 71.556 11.136 51.428 93,309 71,556 11,136 Total Income 162.826 31,3C 194.126 124,573 51.428 176,001 Expendlture on: Ralslng fund5 Charltsble artlvities 7,419 149,043 7,419 184,161 3,455 125,300 6,840 91,607 10,295 216,907 35.118 Total expendlture 156,462 35.118 191,580 128,755 98,447 227,202 Net Sncomel{expenditure) 6.364 13,818) 2.546 {4,1821 147.0191 151,2011 Transfers between funds 2.661 12,6611 14.800 114,8001 Net movement In fvnds 9.025 (6,479) 2.546 10,618 161.8191 151,2011 Re¢onclllation of funds: Fund balances at l April 2024 35,196 30,688 65.884 24,578 92,507 117,085 Fund balances at 31 March 2025 44.221 24,209 68.430 35,196 30.688 65,884 The statement of financlal actlvitles Includes all gains and losses recognlsed in the year. All income and expenditure derive from continuing attivities.
MUSIC4 U srATEMENT OF FINANaAL POSITION AS AT31 MARCH 2025 Flxed assets Property. plant and equlpment 9.425 13,325 Currem assets Trade aKI other recet4oble5 Cash at bank and in haThJ 10.>)2 54.374 4523 51923 64.676 15.671) 56,446 (33871 Currnnt Ilabllltles Met current assets 59.005 52.559 Totsl assets less current Ilabifrties 68.430 65,884 The funds of the tharity Restricted income funds Unrestricted funds 24,209 44.221 30,688 35,196 68,430 65,884 The flnanaal 3tatements Vre appr4Thed by the trn5tees on 31 December 2025 redsur¥r
MUSIC 4 U NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting polides Charlty Inforniation Music 4 U is a Scottish Charitable Inorporated Or8anisation1SCIOI. 1.1 Basls of preparatlon The flnancial statements have been prepared in accordance with the charity's goveming document. the Charitie5 and Trustee Investment Iscotlandl Act 25, the Charities Accounts (Scotlandl Regulations 2CQ6, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting bv Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard appllcable In the UK and Republic of Ireland {FR5 1021" The charity is a Public Beneflt Entity as defined by FRS 102. The charlty has taken advantsge of the provisions in the SORP for charlties not to prepare a statement of cash flows, The financial ststements are prepared in sterling, which is the functional currency of the charity- Monetsry amounts In these financial statement5 are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, Imodified to Include the revaluation of freehold propertles and to include investment propertle5 and certaln financlal Instruments at falr valuel. The prlncipal accounting policies adopted are set out below. 1.2 Goln8 ¢on¢efn At the time of approvin8 the financial statements. the trustees have a reasonable expectatlon that the charlty has adequate resources to continue In operational existence for the foreseeable future. Thus the trustees contlnue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds a subject to Specific condltlons by donors or grantor5 as to how they may be used. The purposes and uses of the restrirted funds are set out in the notes to the financial statements. Endowment funds are subject to speclfic conditions by donors that the capital must be maintalned by the tharity. IA Income Income is recognised when the chartty is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performano conditions require deforral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are Cognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount Is known, and reipt is experted. If the amount is not known. the legacy is treated ès a contingent asset.
MUSIC 4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polldes (Contlnued) 1.5 Expendlture Expenditure is recognlsed once there is a legal or constructNe obligation to trdn5fer economic benefit to 3 third party, it 15 probable that a transfer of economic beneflts will be required in settlement, and the amount of the obligation can be measured reliably. Expendlture is dassified by actlvity. The costs of each activity are made up of the totsl of dirett costs and shared cost5, including sUPPOrt costs involved in undertaking each artivity. Dirert costs attributable to a single activity are allocated directly to that artivity. Shared costs which contribute to more than one activity and sUPPOrt costs whieh a not attributable to a single activity are apportioned between those activities on a basis cons15tent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciatlon rharge5 ore allocated on the portion of the asset's use. 1.6 Property• plant and equlpment Property. plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and afty impairment losses. Depreciation is recognised so as to write off the cost or valuatlon of assets less their residual values over thelr useful lives on the following bases: Plant and equipment Fixtures and fittings Computers Motor vehicles 25% Reduclng Balance 25% Reducing Balance 25% Reducing Balance 25% Reducing 8alan The gain or loss èrising on the disposal of an asset is deterniined as the difference between the sale proceeds and the carrying value of the asset, and is recognised In the statement of flnèntial artlvities. 1.7 Impalrnient of non-current ¥ssets At each reporting end date, the charity reviews the carryng amounts of its tangible assets to detem)ine whether there Is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset Is estimated In order to determine the extent of the impainTrent loss lif any). 1.8 Cash and eash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturitie5 of three months or less. and bank overdrafts. Bank overdraft5 are shown within borrowings in current liabilities. 1.9 Flnancial instruments The charity has elected to apply the provisions of 5ertion 11 'Baslc Financial Instruments, and Settion 12 '0ther Financial Instrumentslssues. of FRS 102 to all of its financial instruments. Financial Instruments are recogntsed in the charitys balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilltles are offset, with the net amounts presented in the financial Statements, when there is a legally enforceable right to Set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilty simultaneouslv. 10-
MUSIC4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policks (Continued) Baslcfinancial assets Basic financial assets. which include trade and other receivables and cash and bank balènces, are initially measured at transaction price including transaction costs and are subsequently carried at amortlsed cost using the effectlve interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discountsd at a market rdte of interesL Financial assets classified as receivable within one year are not amort15ed. 8a51cAlnanclal Ilobilltles Basic financial Ilabllities, intluding trade and other payables and bank loans are initially reco8ni5ed at tronsactlon price unless the arrangement constitutes a flnancing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rdte of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt instrument5 are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operatlons from suppliers. Amounts payable are classified as current liabilities if payment is due withln one year or less. If not, they are presented as non-current Ilabilities. Trade payables are recognised initially at transaction prite and subsequently measured at amortised cost uslng the effective Interest rnethod. Derecognltlon offlnon¢lal Ilabllltles Financial liabilities are derecognised when the Charitys contractual obligations expire or are dlscharged or cancelled. 1.10 Employee beneffts The cost of any unused hollday entitlement is reco8nised in the perlod in which the employee's servlce5 are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temination benefits. 1.11 Retlrement benefft5 Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Cyltlcal accountlng estlmates and Judgements In the application of the chariws accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other source5. The estimates and assoclated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimate5. The estimatés and underlying assumptions are reviewed on an on8oin8 basis. Revlslr)ns to occountin8 estimates are reco8nised in the period in which the estimate is revised where the revision affects only that period, or in the perlod of the revislon and future periods where the revision affects both current and future periods. 11
MUSIC 4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donations and legacies Unrestrlrted Restrfrted funds funds Total Unrestrirted funds Restricted funds Total 2025 2025 2025 2024 2024 2024 Donations and 8Sfts Donations & grants 12,102 27,284 12,102 58,584 7,303 34,578 7,303 86,006 31,31XI 51,428 39.386 31,300 70,686 41,881 51.428 93,309 Grants recelvable for core artivltles Chlldren In Need Gannochy Trust Souter Charltable Trust Trade Windows National Lottery Pear Trea Peterkins Balmoral Group Gordon Fraser Youth Music ACC Developmènt St James Place Aberdeen City Council Other 19,440 19,440 24.962 2.375 2,375 20,000 2,700 2,466 2,466 20.0(KI 2,700 1,5CKI 15,580 9,500 2,5CM) 1,942 15,580 9,500 2,500 1,942 6,016 9,8LTh) 17.209 17.209 6.016 27,284 31.3 58,584 34,578 51,428 86,006 Income from charltable actlvltles Unrestrlcted fund5 2025 Unrestrirted funds 2024 Sale of goods Other income 92,458 21,285 71,376 180 113,743 71,556 12-
MUSIC4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other tradlng actlvltles Unrestrlcted funds 2025 Unrestrlcted funds 2024 Fundraising events 9.697 11,136 Expendlture on rnlslng funds Unrestricted funds 2025 Restricted fvnds 2025 Totsl Unrestrfrted funds 2024 Restricted funds 2024 Totsl 2025 2024 Fundra151ng and publlclty Other fundralsln8 Costs 7,419 7.419 3,455 6.840 10,295 13-
MUSIC 4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charftable artivittes Headlng
at982
Headlng
ac982
2024 2025 Dirert Costs Staff costs Depreciation and impairment Tutor Fees Rent/venuelstora8e hire Travellaccommodation Offlce costs Insurance Sundries Admln costs Submntrartors Ivories expendlture Bad debts 62.342 4.068 47.659 21,961 3,446 4.309 1,338 7.423 1,343 27,178 152 62,588 4,328 38,127 30,538 1,876 5.376 1,630 2,773 6,868 42,434 4,354 14,860 181,219 215,752 Share of support and 8overnance ¢osts (see note 8) Support Governance 32 1,123 2,940 184.161 216,907 An41ysi5 by fund Unrestrirted funds Restrirted funds 149,043 35,118 125,300 91,607 184,161 216,907 Support costs allocated to actt¥itles 2025 2024 Bank charges Governance costs 32 1,123 2.942 1,155 14-
MUSIC 4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allorated to artivltles (Continued) 2025 2024 Governance costs comprlse: Indpendent examination Accountancy fees 1.080 1.860 180 943 2,940 1,123 Trustees None of the trustees lor any persons connerted wlth them} recelved any remunerdtlon or benefits from the charity during the year. 10 Employees The average monthly number of employees durlng the year vras: 2025 Number 2024 Number Employment Costs 2025 2024 Wages and salaries Other pension costs 61,112 1.230 61,400 1,188 62,342 62,588 There were no employees whose annual remuneration was more than £60,000. li Taxatlon The charlty Is exempt from tsxation on its actlvities because all its income Is applied for charltsble purposes. 15-
MUSIC 4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Property, plant and equlpment Hant and equlpment Totsl ffttlnes Cost At l April 2024 Additions 2.161 215 9.908 12,834 25,118 166 At 31 March 2025 2.327 215 12,834 25,284 Deprttlatlon and Impalrment At l Aprll 2024 Depreclation charged in the year 776 251 8.021 3.209 11,791 4,068 54 554 At 31 March 2025 1,027 139 3,463 11,230 15,859 Carrying amount At 31 March 2025 1.3C 76 6.445 9,425 At 31 March 2024 1.384 130 6,999 4.812 13,325 13 Tr4de and other recelvables 202S 2024 Amounts falllng due wlthln one year: Trade receivables 10,302 4,523 14 Current Ilabllltles 2025 2024 Other taxation and social security Trade payables Other payables Accruals and deferred income 570 3,190 911 612 745 1,530 1,000 5,671 3.887 16-
MUSIC 4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restrlcted funds The $trIcted funds of the charity comprise the unexpended balances of donations and 8rants held on trust subject to specific conditions by donors as to how they may be used. Movement in fvnds Balan a¢ l April 2023 Resources expended Balawtce* l April 2024 Iwteoml Balance at 31 March 2025 expefided Gordon Fraser Lottery Robertson Trust 1.5 20,OCK) 1,500 9,034 110,966) 3,125 11.250) 1.875 11.2501 625 ACC Youth Actlvlties Small Fund Verden Sykes Trust Trade Widows Spifox Cash for kids John Gordon Youth Music Fund Student Show Fund Children In Need Fund Joe Bloggs Fund Muslc Cafe Fund Saturday Classes Fund Core Salaries Fund Apache Fund Restricted Fund 202 151) 151 11511 {851 11,561) 11,8151 1971 255 2,255 2.723 702 12551 12,2551 4.405 4,538 799 11,8151 1841 908 618 2,516 12,5081 363 13601 405 16731 1,177 11,1771 26,254 126.4931 {1,4351 13,5S91 65 20.000 65 134 14,2691 931 {797} 23.409 {23,4091 17-
MUSIC 4 U NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restrfcted funds {Continuedl Youth Music Fund CIN 3 Fund Health Improvement Fund Music Cafe Fund Wellbein8 Support Fund ACC Development Fund 115.5881 114,9501 4,490 4,490 11.943) 2.5(K) 2,500 2,121 {411 2,080 9,5 9,8LKI 117,045} 2,255 92,507 198.4471 30,688 31,300 135.1181 12.6611 24,209 16 Unrestrirted fund$ The unrestricted funds of the charlty comprlse the unexpended balances of donatlons and grants which are not subject to specific condltlons by donors and grantors as to how they may be used. These include deslgnated funds which have been set aside out of unrestri¢ied funds by the trustees for specific purposes. At l Aprfl 2024 In¢omlng resoUe$ Resources expended Transfers At 31 March 2025 General funds 35.196 162,826 1156.4621 2.661 44,221 Prevlous year: At l Aprll 2023 Incomln8 resources Transfers At31 March 2024 expended General funds 24.578 124,573 {128,7551 14,800 35,196 17 Anafysis of net assets between funds Unrestricted funds 2025 Restrlcted funds 2025 Totsl 2025 At 31 March 2025: Property, plant and equipment Current assets/lliabilwties) 7.726 36,495 1.699 22,510 9.425 59,005 44,221 24,209 68,430 18-
MUSIC4 U NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analysts of net assets between funds (Contlnued) Unrestrlrted funds 2024 Re5trlrted funds 2024 Tota5 2024 At 31 March 2024: Property, plant and equlpmerrt Current assetsllliabilities) 7.855 27,341 5.470 25,218 13.325 52,559 35,196 30.688 65,884 18 Related party transactlons There were no disclosable related party transactions during the year {2024- none). 19-