**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: - 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 - 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 - To provide transition to a positive work destination of choice after leaving school - To raise awareness of the Framework of Music Support, the approach musicALL is based on - 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: 1. 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. 2. Addressing the need for board diversity/disability-led governance. 3. 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 cu￿ent 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 InCo￿ted Organisalion govemed by its constrtutK*n. Organisational structure The Board of Trustees is resp)nsible for the overall governan￿ of the Chartty and the Trustees m*t 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 comp0s￿on 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 Inde￿ndent 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 Page 6 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; - 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; - '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"); - UK Generally Accepted Accounting Practice; and - 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. Page 8 continued... **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
-
-
-
-
-| |---|---|---| Page 9 continued... **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| Page 10 continued... **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| Page 11 continued... **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| Page 12 continued... **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| Page 13 continued... **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| |---|---|---| Page 14 continued... **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| Page 15 continued... **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. Page 16 continued... **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. Page 17