REGISTERED CHARITY NUMBER: SC046374
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2025
for
musicALL
Brett Nicholls Associates Herbert House
24 Herbert Street Glasgow G20 6NB
musicALL
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 17 |
musicALL
Reference and Administrative Details for the Year Ended 31 March 2025
TRUSTEES
PRINCIPAL ADDRESS
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
REGISTERED CHARITY NUMBER
SC046374
INDEPENDENT EXAMINER
David Nicholls FCCA Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
BANKERS
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ
Page 1
musicALL
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity is an inclusive music charity based in Glasgow.
The Charity’s charitable purposes and charitable objects can be found on the Scottish Charity Register.
The Charity’s aims are:
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To increase access and availability of high-quality music opportunities, including music workshops, sessions and performances for young people with sensory impairment (vision and hearing) and additional support for learning (ASL) needs, equal to those of their mainstream peers
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To promote inclusion by enabling young people with and without ASL needs to work together to build relationships through the joy and fun of making music
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To provide transition to a positive work destination of choice after leaving school
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To raise awareness of the Framework of Music Support, the approach musicALL is based on
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To build meaningful partnerships and links with the wider music community and society in general
ACHIEVEMENTS AND PERFORMANCE
Charitable Activities
2024/25 was musicALL’s ninth year of operation as a formally constituted charity.
We continued to work in partnership with Inspiring Scotland to deliver our agreed strategic priorities, namely, consolidate the organisation; articulate and raise awareness of musicALL and build a suite of programmes.
For 2024/25 our key objectives were as follows:
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Creation of a new 3 year business strategy focussed on growth of activity and long term financial sustainability - notably through diversification of funding streams including Creative Scotland multi-year funding; which we achieved an offer of in February 2025.
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Addressing the need for board diversity/disability-led governance.
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Ensure quality and consistency at all times across musicALL's delivery programme.
Six board meetings were held during 2024/25 including a board development day in February. The charity co-opted 6 existing members to the board at its AGM in December 2024. continued in office.
During 2024/25 musicALL delivered 980 workshops and rehearsals across its 3 main programmes: Make Your Own Kind of Music (MYOKOM) for 200 young people in Additional Support for Learning (ASL) secondary schools stage S1-S4; Move On Up for 28 young people in ASL secondary schools stage S5-S6 and recent school leavers; and musicALL presents, for 6 adult musicians who are disabled and neurodiverse (the Fridays).
Applications for funding have been ongoing, and we are grateful to our funders who have supported the delivery of our projects throughout the year.
musicALL has worked hard to diversify and grow its income streams this year, and we are delighted to recognise new multi-year awards from the National Lottery Community Fund: Improving Lives and Creative Scotland multi-year funding among our portfolio of more than 20 funders.
Page 2
musicALL Report ofthe Trustees for the Year Ended 31 March 21Y25 OBJECTIVES AND ACTivmES Significant activities musicALL's core team durTn Executive Director.. Project Manager.. Creative Lead.. Fundraising an Inance Icer.. Infomation and Content Creator Project Coordinator (MYOKOP.1 ' Project Tutor IMYOKOMI: 2024125 consisted ot. IResigned December 2024) (Resigned August 2024) Core staff costs for Ihe year totalled £231.596. All of our policles and procedures are continuously revlewed. in partlcular our Safeguardlng Pollcy. whlch Is revlewed annually. Our safeguarding lead is. Exeujtive Director. FINANCIAL REVIEW Results The charity incurred a net defiot of £39.137 for Ihe yearended 31 March 2025 (2024: surplus of£29.015). At 31 March 2025. reseNes stood at £38.17912024.' £77,316) wtth £28.834 of these belng unrestrfcted. free reserves (2024: £69,112), £1.342 representlng the book value of fixed assets (2024.. £201) and £8.CK)3 held in restrlcted funds {2024.' £8.0031. Reserves policy It is the policy of the Charity in line with current guidance to rrointsin unrestricted funds. which are free reserves of the Chartty, at a level equivalent to three month's expenditure. The Trustees consider that reserves at this level wll ensure that. in the event of a significant drop in funding. they wll be able to continue the organisations cuent activities while consideratKJn Is given to ways In whlch addibonal funds may be raised. Based on the accounts for the year ended 31 March 2025, ordinary operating expendrture for 3 months amounts to £85.0. At balance date. the charity held unrestricted reserves of £28.834. The trustees are aware that this policy is not being meL and they continue to build unrestricted reserves in future through income generation, whilst at the same time reviewing the policy to ensure that the most suttable wind up plan - given the current financid dimate - ts in for our partiapants. their families. staff. arKI partners. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governing document MusicALL is a Scottish Charit&)le InCoted Organisalion govemed by its constrtutKn. Organisational structure The Board of Trustees is resp)nsible for the overall governan of the Chartty and the Trustees mt as a Board 44 times per year. Trustees are appointed based on the skill. expertrse and experience they bring to the Charity and must declare any conflict of Interest at every Board Meeting. The comp0son of the Board is contlnuously revlewed. Trustees act in the interests of the SCIO arKI seek. in good farth. to ensure the SCIO acts in a manner whTrch is consistent with its charitable purposes. The Finan fijnction is led by an experienced Trustee and comprises Trustees and staff who have a particular understanding of financial matters. They are supported by our extemal accountsnt. The Trustees are resFonslble for preparfNJ the Report of the Tntstees and the fflnandal statements In accordance wlth applicable law and United KiThJdom Accounting StarKlards. Key management remuneration In the opinion of the trustees there are bvo members of key management. the Executive Director and the Projects Manager. who resigned in December 2024. The total employer cost for these F)osts in 2024-25 was £86.962 {2023-24: £75.3031. Page 3
musicALL Report ofthe Trustees for the Year Ended 31 March 21Y25 -511212025 Approved by order ofthe toard of trustees on....... . and signed on rts behalf by: Page 4
Indendent Examinofs Report to the Trustees of musicALL I report on Ihe accounts for the year ended 31 March 2025 set out pages six to seventeen. Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparat'on of the accounts in accordance with the temis of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charty's trustees consider that the audtl requirement of Regulati 10(11{a) to {cl of the Acc¢Junts Regulations does not appty. It is my resF)onsibilty to examine the accounts as required under &ction 44{1Mcl of the Ad and to state whether particular matters have come to my attention. Basls of the Independent examlnerfs report My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulations 2006. An examination includes a review of the accounting records kept by the charity a comparison of the accounts presented th those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees ¢MIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi( and consequenty l (lo not express an audtt opinion on the view given by the accounts. Independent examlnerfs statement In connection wth my examination. no matter has c¢Jne to my attentlon '. 11) %thich gives me reasonable cause to believe thaL in any materid respect. the requirements to keep accounting records in accordance WTth Section 44{1 Xa} of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations" and to prepare accounts which accord wlth the accountlng records and to comply wlth Regulatlon 8 of the 2006 Accounts Regulations have not been met: or 12) to which. in my opinion. attention should be drawn in order to enable a pr(per urKlerstanding of the accounts to be reached. Brett Nicholls Associates Herbert House 24 Herbert street Glasgow G20 6NB 1511212025 Date:.. Page S
musicALL
Statement of Financial Activities for the Year Ended 31 March 2025
| Notes Unrestricted funds £ Restricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 68,109 218,386 Other trading activities 4 12,760 - Investment income 5 208 - Other income 6 5,000 - Total 86,077 218,386 EXPENDITURE ON Raising funds 7 5,242 20 Charitable activities 8 Provision of musical opportunities for young people 119,972 218,366 Total 125,214 218,386 NET INCOME/(EXPENDITURE) (39,137) - RECONCILIATION OF FUNDS Total funds brought forward 69,313 8,003 TOTAL FUNDS CARRIED FORWARD 30,176 8,003 |
2025 Total funds £ 286,495 12,760 208 5,000 304,463 5,262 338,338 343,600 (39,137) 77,316 38,179 |
2024 Total funds £ 330,410 19,632 261 5,000 355,303 32 326,256 326,288 29,015 48,301 77,316 |
|---|---|---|
CONTINUING OPERATIONS
This statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities in both years.
Comparative figures for the previous year by fund type are shown in Note 13.
The notes on pages 8-17 form part of these financial statements
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musicALL Balance Sheet 31 March 2025 2025 2024 FIXED ASSETS Tangible assets 14 1,342 201 CURRENT ASSErs Debtors Cash at bank and in harKI 15 14.782 85.776 14.912 102.875 100.558 117.787 CREDITORS Amounts falling duewithin one year 16 (63.721) {40.672) NEf CURREpif ASSErs 36.837 77.115 TOTAL ASSEfs LESS CURREKf UABILMES 38,179 77,316 NET ASSETS 38.179 77.316 FUNDS Unrestricted funds: General fund Designated- Fixed Asset Fund 18 28,834 1,342 69,112 201 30.176 69.313 Restslcted funds 8,Ll)3 8.003 TOTAL FUNDS 38,179 77.316 lJ1121202) The financial statements were approved by the Board of Trustees aTrJ authorised for Issue on ............................................. and were signed on its behalf by: The notes on pages 8-17 fonn part of these financial ststements Page 7
musicALL
Notes to the Financial Statements for the Year Ended 31 March 2025
1. GENERAL INFORMATION
musicALL ("the charity") is a Scottish charitable incorporated organisation governed by its Constitution. It was registered as a charity in Scotland (registered number SC046374) on 2 March 2016. Its registered address is Brett Nicholls Associates, Herbert House, 24 Herbert Street, G20 6NB
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with: - the Charities and Trustee Investment (Scotland) Act 2005;
-
Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
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the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
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'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in October 2019 (FRS 102)' ("the Charities SORP");
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UK Generally Accepted Accounting Practice; and
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the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Music Equipment Straight line over 4 years Computer equipment - Straight line over 4 years
Taxation
musicALL is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial Instruments
The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
3. DONATIONS AND LEGACIES
| Donations Grants Donations, included in the above, are as follows: Joseph & Lilian Sully Foundation Western Recreation Trust JTH Charitable Trust Dunclay Charitable Trust William Syson Foundation Kells Trust Darroch Charitable Trust The D'Oyly Carte Charitable Trust Jardine Charitable Trust The Bailey Thomas Charitable Trust The Pear Tree Harper Macleod LLP |
2025 £ 51,109 235,386 286,495 2025 £ 10,000 - - - - 4,000 1,000 - 3,000 2,000 2,000 5,000 2,000 |
2024 £ 20,646 309,764 330,410 2024 £ 10,000 1,000 1,250 500 500 2,000 1,000 1,000 - - - - - |
|---|---|---|
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. DONATIONS AND LEGACIES - continued
| The Bell Charitable Trust Individual donations Grants received, included in the above, are as follows: Creative Scotland Merchant's House of Glasgow Inspiring Scotland Scottish Children's Lottery Rank Foundation People's Postcode Trust Foundation Scotland National Lottery Community Fund Glasgow Communities Fund Alliance Health & Social Care Partnership Glasgow Community Mental Health & Wellbeing Fund Foyle Foundation The Society Endrick Trust David Family Foundation The Dunclay Charitable Trust 4. OTHER TRADING ACTIVITIES Fundraising events Merchandise Sales Schools 5. INVESTMENT INCOME Deposit account interest |
1,000 21,109 51,109 2025 £ 12,604 - 45,000 - - 27,434 - 51,188 60,000 12,500 9,660 10,000 2,500 3,000 1,000 500 235,386 2025 £ 1,460 - 11,300 12,760 2025 £ 208 |
- 2,646 |
|---|---|---|
| 20,646 | ||
| 2024 £ 66,346 7,500 45,000 7,500 10,000 17,346 3,000 53,562 60,000 30,000 9,510 - - - - - |
||
| 309,764 | ||
| 2024 £ 7,107 275 12,250 19,632 2024 £ 261 |
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. OTHER INCOME
| Employer Allowance 7. RAISING FUNDS Raising donations and legacies Postage and stationery Fundraiser 8. CHARITABLE ACTIVITIES COSTS Provision of musical opportunities for Direct Costs (see note 9) £ young people 321,354 9. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Telephone Sundries Marketing Training Travel and Accommodation Website Equipment Gifts & refreshments Gig Expenses Music Studio Hire Music Assistants (freelance) Music Tutors (freelance) Volunteer Expenses Sundry Project Costs Depreciation |
2025 £ 5,000 2025 £ 62 5,200 5,262 Support costs (see note 10) £ 16,984 2025 £ 231,596 474 310 1,506 473 2,398 - 505 100 250 13,463 37,979 30,977 114 560 649 321,354 |
2024 £ 5,000 2024 £ 32 - 32 Totals £ 338,338 2024 £ 199,104 539 1,758 2,721 581 1,160 180 3,707 415 3,956 14,537 30,953 47,068 339 391 336 |
|---|---|---|
| 307,745 |
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
10. SUPPORT COSTS
| Insurance Office Costs Legal & Professional Fees Rent & Utilities Payroll Fees Bank charges Preparation and Independent Examination of Accounts Board Expenses IT & Software |
2025 £ 1,180 380 4,381 7,919 1,271 60 1,200 305 288 16,984 |
2024 £ 1,111 951 3,371 9,820 1,213 60 1,110 659 216 18,511 |
|---|---|---|
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustee’ expenses paid during the year ended 31 March 2025 (2024: two trustees were reimbursed travel and accommodation expenses totalling £659).
12. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2025 £ 204,333 20,264 6,999 231,596 |
2024 £ 176,671 16,946 5,487 199,104 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| Executive Director Projects Manager Creative Lead Fundraising & Finance Officer Music Tutors |
2025 1 1 1 1 2 6 |
2024 1 1 1 1 4 |
|---|---|---|
| 8 |
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. STAFF COSTS - continued
No employees received emoluments in excess of £60,000.
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Unrestricted funds £ Restricted funds £ Donations and legacies 39,821 290,589 Other trading activities 9,632 10,000 Investment income 261 - Other income 5,000 - Total 54,714 300,589 EXPENDITURE ON Raising funds 32 - Charitable activities Provision of musical opportunities for young people 24,667 301,589 Total 24,699 301,589 NET INCOME/(EXPENDITURE) 30,015 (1,000) RECONCILIATION OF FUNDS Total funds brought forward 39,298 9,003 TOTAL FUNDS CARRIED FORWARD 69,313 8,003 14. TANGIBLE FIXED ASSETS Music Computer COST Equipment £ equipment £ At 1 April 2024 2,626 3,161 Additions - 1,790 At 31 March 2025 2,626 4,951 DEPRECIATION At 1 April 2024 2,626 2,960 Charge for year - 649 At 31 March 2025 2,626 3,609 NET BOOK VALUE At 31 March 2025 - 1,342 At 31 March 2024 - 201 |
Total funds £ 330,410 19,632 261 5,000 |
|---|---|
| 355,303 | |
| 32 326,256 |
|
| 326,288 | |
| 29,015 48,301 |
|
| 77,316 | |
| Totals £ 5,787 1,790 7,577 5,586 649 6,235 1,342 201 |
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Payroll Account Other Debtors Accrued Income 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses Deferred Income |
2025 £ 5,800 32 750 8,200 14,782 2025 £ 2,008 1,200 60,513 63,721 |
2024 £ 2,500 (270) 2,836 9,846 14,912 2024 £ 2,484 1,110 37,078 40,672 |
|---|---|---|
Deferred income comprised income received for projects which musicALL was not entitled to until the following year.
| At 1 April Deferred in year Released in year At 31 March |
2025 £ 37,078 60,513 (37,078) 60,513 |
2024 £ 25,687 37,078 (25,687) 37,078 |
|---|---|---|
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Restricted funds funds £ £ Fixed assets 1,342 - Current assets 92,555 8,003 Current liabilities (63,721) - 30,176 8,003 |
2025 Total funds £ 1,342 100,558 (63,721) 38,179 |
2024 Total funds £ 201 117,787 (40,672) 77,316 |
|---|---|---|
Comparatives for analysis of net assets between funds
| Unrestricted funds £ Restricted funds £ Fixed assets 201 - Current assets 66,106 51,681 Current liabilities 3,006 (43,678) 69,313 8,003 |
2024 Total funds £ 201 117,787 (40,672) 77,316 |
2023 Total funds £ 537 78,724 (30,960) 48,301 |
|---|---|---|
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
18. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/4/24 | in funds | funds | 31/3/25 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 69,112 | (38,488) | (1,790) | 28,834 |
| Designated - Fixed Asset Fund | 201 | (649) | 1,790 | 1,342 |
| 69,313 | (39,137) | - | 30,176 | |
| Restricted funds | ||||
| A.H. Legacy Fund | 8,003 | - | - | 8,003 |
| TOTAL FUNDS | 77,316 | (39,137) | - | 38,179 |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 86,077 | (124,565 ) | (38,488) | |
| Designated - Fixed Asset Fund | - | (649) | (649) | |
| 86,077 | (125,214 ) | (39,137) | ||
| Restricted funds | ||||
| Inspiring Scotland | 45,000 | (45,000) | - | |
| Move On up | 60,792 | (60,792) | - | |
| Glasgow Communities Fund | 60,000 | (60,000) | - | |
| Strengthening Youth Music | 3,000 | (3,000) | - | |
| People's Postcode Lottery | 27,434 | (27,434) | - | |
| GCVS | 9,660 | (9,660) | - | |
| Alliance HSCP | 12,500 | (12,500) | - | |
| 218,386 | (218,386 ) | - | ||
| TOTAL FUNDS | 304,463 | (343,600 ) | (39,137) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1/4/23 | in funds | 31/3/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 38,761 | 30,351 | 69,112 | |
| Designated - Fixed Asset Fund | 537 | (336) | 201 | |
| 39,298 | 30,015 | 69,313 | ||
| Restricted funds | ||||
| A.H. Legacy Fund | 8,003 | - | 8,003 | |
| Move On up | 1,000 | (1,000) | - | |
| 9,003 | (1,000) | 8,003 | ||
| TOTAL FUNDS | 48,301 | 29,015 | 77,316 |
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated - Fixed Asset Fund Restricted funds Inspiring Scotland Move On up Rank Foundation Access for All Make Your Own Kind of Music National Lottery Comunity Fund Glasgow Communities Fund Strengthening Youth Music musicALL Presents TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 54,714 (24,363) 30,351 - (336) (336) 54,714 (24,699) 30,015 45,000 (45,000) - 39,259 (40,259) (1,000) 10,000 (10,000) - 16,600 (16,600) - 42,323 (42,323) - 53,562 (53,562) - 60,000 (60,000) - 15,000 (15,000) - 18,845 (18,845) - 300,589 (301,589 ) (1,000) 355,303 (326,288 ) 29,015 |
|---|---|
19. RELATED PARTY DISCLOSURES
Other than those disclosed in note 11, there were no related party transactions during the year ended 31 March 2025, nor for the year ended 31 March 2024.
20. PURPOSE OF UNRESTRICTED FUNDS
General Fund - the unrestricted, 'free reserves' of the charity.
Designated Fixed Asset Fund - represents the net book value of the charity's tangible fixed assets. Depreciation is charged to this fund and additions transferred to it.
21. PURPOSE OF RESTRICTED FUNDS
A. H. Legacy Fund - funds to facilitate music work, bands and leadership skills for trainees who require additional support for learning.
National Lottery Community Fund - Funding received to support a large proportion of the connectALL project.
Move On Up - provides weekly tuition and rehearsal sessions to S5/6 pupils and recent school leavers with additional support needs, focusing on musical skills, leadership and collaborative skills and development of self-confidence.
Inspiring Scotland - Funding to support staff & overhead costs.
Rank Foundation - Funding for the Digital & Communications Lead post and associated costs.
Access For All - Funding towards the costs of running weekly music sessions.
Sounds Like a Story - Funding towards the costs of running the Sounds like a story project.
Make Your Own Kind of Music - provides weekly music workshops for S1-S4 pupils in ASN schools focusing on instrumental/vocal skills, communication skills, numeracy and literacy.
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musicALL
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
21. PURPOSE OF RESTRICTED FUNDS - continued
musicALL Presents - supports graduates of Move On Up to greater independence, offering supported rehearsal sessions, performance opportunities and songwriting/recording opportunities.
GCVS - Funding to be used towards musicALL presents.
Postcode Lottery - Funding to be used towards musicALL presents.
Alliance HSCP - Funding to be used towards the Move On Up Project.
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