Music Beyond Mainstream Limited Charity Accounts

COMPANY REGISTRATION NUMBER: 05432853

CHARITY REGISTRATION NUMBER: 1141227

Music Beyond Mainstream Limited

Unaudited Financial Statements

For the Year Ending

31 March 2025

Music Beyond Mainstream Limited

Financial Statements

Year Ended 31 March 2025

	Page

Trustees' Annual Report (Incorporating the Director's Report)	1

Independent Examiner's Report to the Trustees	4

Statement of Financial Activities (Including Income and Expenditure Account)	5

Statement of Financial Position	6

Notes to the Financial Statements	7

Music Beyond Mainstream Limited

Trustees' Annual Report (Incorporating the Director's Report)

Year Ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Objectives and Activities

The objects of the charity are to promote the arts for the public benefit by producing, promoting and organising concerts and multi-disciplinary performances for the public.

Our primary activity is to produce, co-produce and promote concert events and to produce them as touring productions to ensure wide public distribution within the UK. Our concert tour activity is focused on delivering events that have considerable artistic value and merit, but which could not be realised regionally by the commercial sector. They are concert events that would not otherwise be available to the public through regional concert venues. Our distinctive productions and promotions offer new artistic opportunities to people that already engage in concert and arts events to extend their experiences but equally offer new and different people the opportunity engage with music and the arts.

Achievements and Performance

MBM met with key officers at Arts Council of England in January 2024 to discuss previously unsuccessful funding bids and to interrogate the criteria that would lead to better success in future. This was positive and supportive meeting which has shaped much of the work of the charity during the 24-25 year. It was clear from this meeting that the track record of the charity was highly valued by ACE and there was an enthusiasm for it to return to active tour production.

During autumn 2024 MBM commissioned Counterculture Partnership to undertake an organizational review and summary as suggested by ACE. This project required consultation with MBM members and has helped shape the approach to framing subsequent funding applications to improve the chance of success.

During autumn 24 and spring 25 MBM started to more actively prepare for a return to live touring in the 25-26 financial year, contingent on a successful bid for touring funds from ACE. This has meant more active engagement with artists and agents around possible projects, and scheduling tour routes with member venues.

Throughout the year MBM has met regularly as a network, both physically in person and online. Members have continued to value the exchange of ideas and market intelligence that the network facilitates, and members have worked collaboratively to explore live projects even outside of the ACE funded route.

The work undertaken during the year has both maintained and re-energised the network and laid the foundations for an active year in 25-26.

Financial Review

Following the resignation of MBM's general manager in December 2023 the day-to-day business of the charity has been managed by its directors meaning that general overheads during the year have been low. I ncome has been maintained through membership fees, and the only significant expenditure has been the organizational review.

MBM is in a solid financial position to return to live touring during 25-26.

Plans for Future Periods

The 25-26 financial year will focus on preparing and submitting a bid to ACE to fund three tours scheduled for 2026. This will require extensive work from directors and members to demonstrate that funding criteria can be met. Assuming success, it is likely that a quick mobilization will be required to get prepare these projects for market and ongoing practical collaboration through the network.

Structure, Governance and Management

Music Beyond Mainstream Ltd (MBM) is a registered charity and a company limited by guarantee. It was incorporated as a company limited by guarantee on 22 April 2005 and is governed by its Memorandum and Articles of Association. It was registered as a charity on 7th April 2011.

The Directors are the Trustees of the charity. As the Board of Directors they form its governing body which has ultimate responsibility for the proper administration of the charity and acts in its interests. Nominations for Trustee appointments are solicited from among the wider membership and are appointed by invitation of existing Trustees who assess candidates on the basis of skills they can contribute to the future direction of the organisation. New appointees are apprised of their obligations both as Trustees of the charity and as Directors of a company limited by guarantee, and they receive an induction into the organisation, its current position and all significant issues.

The Board of Directors is responsible for setting the strategic direction of the organisation giving consideration to resources and the risks and opportunities in the operating environment. The Board ensures compliance and has overall financial control, approving budgets and monitoring expenditure and revenues. The Board has overall approval of the programme of activity, ensuring it is consistent with objectives and maximises public benefit. The Board meets at least quarterly, and on other occasions as required to consider issues of particular significance.

While the Board retains the ultimate responsibility for running the charity, the management and day to day functions of implementing the Board's decisions are devolved to the General Manager. The General Manager is required to report to the Board at all Board meetings including areas of risk that require consideration. Other operational delivery functions are carried out by specialist contracted staff or companies on a project by project basis.

Public benefit

Our main activities and beneficiaries are described elsewhere in this report. All our charitable activities are undertaken to further our charitable purposes for the public benefit. The Trustees have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the activities of the charity.

Reference and Administrative Details

Registered charity name	Music Beyond Mainstream Limited

Charity registration number	1141227

Company registration number	05432853

Principal office and registered	The Anvil
office	Churchill Way
	Basingstoke
	Hampshire
	RG21 7QR

The Trustees

	Mr N Reed (Chair)
	Miss T Austin
	Mr Karl N Chapman
	Mr M Cleaver
	Mr R Haswell

Company Secretary	M Cleaver

Independent Examiner	Jane Ascroft FCA MA (Cantab)
	Enterprise House
	Harmire Enterprise Park
	Barnard Castle
	County Durham
	DL12 8XT

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 23 December 2025 and signed on behalf of the board of trustees by:

M Cleaver

Charity Secretary

Music Beyond Mainstream Limited

Independent Examiner's Report to the Trustees of Music Beyond Mainstream Limited

Year Ended 31 March 2025

I report to the trustees on my examination of the financial statements of Music Beyond Mainstream Limited ('the charity') for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jane Ascroft FCA MA (Cantab) Independent Examiner

Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT

23 December 2025

Music Beyond Mainstream Limited

Statement of Financial Activities

(including income and expenditure account)

Year Ended 31 March 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	21,000	21,000	11,000
		--------	--------	--------
Total income		21,000	21,000	11,000
		--------	--------	--------

Expenditure

Expenditure on charitable activities	6,7	8,721	8,721	30,379
		--------	--------	--------
Total expenditure		8,721	8,721	30,379
		--------	--------	--------

	--------	--------	--------
Net income/(expenditure) and net movement in funds	12,279	12,279	( 19,379)
	--------	--------	--------

Reconciliation of funds

Total funds brought forward	15,611	15,611	34,990
	--------	--------	--------
Total funds carried forward	27,890	27,890	15,611
	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Music Beyond Mainstream Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Current Assets

Debtors	12	16,800	–
Cash at bank and in hand		15,733	16,072
		--------	--------
		32,533	16,072

Creditors: amounts falling due within one year	13	4,643		461
		--------		--------
Net Current Assets			27,890	15,611
			--------	--------
Total Assets Less Current Liabilities			27,890	15,611
			--------	--------
Net Assets			27,890	15,611
			--------	--------

Funds of the Charity

Unrestricted funds		27,890	15,611
		--------	--------
Total charity funds	14	27,890	15,611
		--------	--------

For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr N Reed (Chair)
Trustee

Music Beyond Mainstream Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1. General Information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Anvil, Churchill Way, Basingstoke, Hampshire, RG21 7QR.

2. Statement of Compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a Public Benefit Entity.

Going Concern

There are no material uncertainties about the charity’s ability to continue.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgments affecting these financial statements.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

Intangible Assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

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

Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

4. Limited by Guarantee

The company is limited by guarantee. At 31st March 2025 there were 11 members each of whom had undertaken to contribute an amount not exceeding £10 in the event of a winding up.

The members were: The Anvil, Basingstoke; Bridgewater Hall, Manchester; Brighton Dome; Colston Hall, Bristol; Lighthouse, Poole; Liverpool Philharmonic Hall; Sage, Gateshead; Usher Hall, Edinburgh; Warwick Arts Centre;Town Hall/Symphony Hall, Birmingham, and Royal Concert Hall, Nottingham.

5. Donations and Legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Membership fees	21,000	21,000	11,000	11,000
	--------	--------	--------	--------

6. Expenditure on Charitable Activities by Fund Type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Charitable activities	8,721	8,721	30,379	30,379
	-------	-------	--------	--------

7. Expenditure on Charitable Activities by Activity Type

	Activities undertaken directly	Total funds 2025	Total fund 2024
	£	£	£
Charitable activities	8,721	8,721	30,379
	-------	-------	--------

8. Independent Examination Fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	450	450
	----	----

9. Staff Costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

10. Trustee Remuneration and Expenses

Trustees received neither remuneration nor expenses from the charity during the current or previous year.

11. Intangible Assets

	Website
	£
Cost
At 1 April 2024 and 31 March 2025	5,400
	-------
Amortisation
At 1 April 2024 and 31 March 2025	5,400
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

12. Debtors

	2025	2024
	£	£
Trade debtors	16,800	–
	--------	----

13. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	450	450
Social security and other taxes	4,193	11
	-------	----
	4,643	461
	-------	----

14. Analysis of Charitable Funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General Funds	15,611	21,000	(8,721)	27,890
	--------	--------	-------	--------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
General Funds	34,990	11,000	(30,379)	15,611
	--------	--------	--------	--------

15. Analysis of Net Assets Between Funds

	Unrestricted Funds	Total Funds 2025
	£	£
Current assets	32,533	32,533
Creditors less than 1 year	(4,643)	(4,643)
	--------	--------
Net assets	27,890	27,890
	--------	--------

	Unrestricted Funds	Total Funds 2024
	£	£
Current assets	16,072	16,072
Creditors less than 1 year	(461)	(461)
	--------	--------
Net assets	15,611	15,611
	--------	--------