Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

•  and with Accounting Standards;

•  and with the Charities Act 1993.

1.2 Change in basis of accounting

This is the first year of operation of Musequality so there are no accounts from previous years.

1.3 Changes to previous accounts

This is the first year of operation of Musequality so there are no accounts from previous years.