| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' | annual report |
(incorporating | the | director's report) | ||
| Independent examiner's |
report to the | trustees | ||||
| Statement | offinancial | activities (including | income and expenditure | |||
| account) | ||||||
| Statement | offinancial | position | ||||
| Notes to | the financial | statements | 10 |
| Reference and administrative | Reference and administrative | Reference and administrative | Reference and administrative | details | |||
|---|---|---|---|---|---|---|---|
| Registered | charity name | soundLINCS | |||||
| Charity registration | number | 1086483 | |||||
| Company | registration | number | 3730138 | ||||
| Principal | oAicc nnd registered | soundHOVSE | |||||
| oAice | 18St Martins Lane | ||||||
| Lincoln | |||||||
| LN2 1HY | |||||||
| The trustees | |||||||
| Mr G Tinsley (Chair) | (resigned 17October 2022) |
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| Mr P Garvey | |||||||
| Mr D Gibbons (Treasurer) (resigned 17October |
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| 2022) | |||||||
| Dr TJeffrey | |||||||
| Mrs S Nunn (Secretary) (resigned | 6March 2023) | ||||||
| Prof D Symonds (Chair/Treasurer) |
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| Mrs SBlair-Manning | (appointed | 25 April 2022) | |||||
| Dr R Dean (appointed | 25 April 2022) | ||||||
| Mr P Clarke (appointed | 25 April | 2022) | |||||
| Ms P Caine (appointed | 16October 2023) | ||||||
| Independent | examiner | Clare Heppenstall, MA, FCA |
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| Wellingore Hall |
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| Wellingore | |||||||
| Lincoln | |||||||
| Key management personnel |
Ms N KHeyes, MBE | —Chief Executive |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | f | f | f | f | |||
| Income and endowments | |||||||
| Donations and legacies |
5 | 3,538 | 3,538 | 4,350 | |||
| Charitable activities |
6 | 45,731 | 70,532 | 116,263 | 245,942 | ||
| Other trading activities | 7 | 27,858 | 27,858 | 22,052 | |||
| Investment income |
8 | 337 | 337 | 120 | |||
| Other income | 9 | 178 | 178 | 5,736 | |||
| Total income | 77,642 | 70,532 | 148,174 | 278,200 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations | and | ||||||
| legacies | 10 | 7,371 | 7,371 | 5,889 | |||
| Expenditure on charitable |
activities | 11,12 | 118,752 | 79,887 | 198,639 | 262,521 | |
| Total expenditure | 126,123 | 79,887 | 206,010 | 268,410 | |||
| Net income/ (expenditure) | (48,481) | (9,355) | (57,836) | 9,790 | |||
| Transfers between funds |
|||||||
| Nct movement in funds |
(48,481) | (9,355) | (57,836) | 9,790 | |||
| Reconciliation offunds | |||||||
| Total funds brought forward |
210,257 | 11,210 | 221,467 | 211,677 | |||
| Total funds carried fonvard | 161,776 | 1,855 | 163,631 | 221,467 |
| 2023 | . | 2022 | ||||
|---|---|---|---|---|---|---|
| Note | f | f | ||||
| Fixed assets | ||||||
| Tangible fixed assets |
18 | 4,241 | 4,016 | |||
| Current assets |
||||||
| Debtors | 19 | 16,742 | 36,012 | |||
| Cash at bank | and in hand | 170,969 | 217,544 | |||
| 187,711 | 253,556 | |||||
| Creditors: amounts | falling due within one yenr | 20 | 28,321 | 36,105 | ||
| Net current | assets | 159,390 | 217,451 | |||
| Total assets | less current liabilities | 163,631 | 221,467 | |||
| Nct assets | 163,631 | 221,467 | ||||
| Funds ofthe | charity | |||||
| Restricted funds |
1,855 | 11,210 | ||||
| Unrestricted | funds | 161,776 | 210,257 | |||
| Total charity | funds | 23 | 163,631 | 221,467 |
| Donations a |
nd | legacies | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| f | f | f | |||||
| Donations | |||||||
| MUSIC:LINK | subscriptions | 1,580 | 1,580 | 1,938 | 1,938 | ||
| Donations | 1,958 | 1,958 | 2,412 | 2,412 | |||
| 3,538 | 3,538 | 4,350 | 4,350 | ||||
| Charitable | activities | ||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| f | f | f | |||||
| Projects and | workshops | income | 44,203 | 44,203 | |||
| Musical Whispers | |||||||
| Postlethwaite | Music Foundation | 1,000 | 3,000 | 4,000 | |||
| Lincoln Sings | 1,992 | 1,992 | |||||
| UpBEAT! | 528 | 65,540 | 66,068 | ||||
| 45,731 | 70,532 | 116,263 |
| Unrestricted | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | ||||
| f | f | f | ||||
| Projects and workshops | income | 17,727 | 17,727 | |||
| soundPLAT4M | 65,774 | 65,774 | ||||
| Arts Council England | 5,005 | 5,005 | ||||
| Together Through | Music | 75,834 | 75,834 | |||
| Future ofthe Past | 10,920 | 10,920 | ||||
| Musical Whispers | 39,000 | 39,000 | ||||
| New Tricks/New | World | 3,200 | 3,200 | |||
| MEHEM Uprising! | 1,732 | 1,732 | ||||
| UpBEAT! | 26,750 | 26,750 | ||||
| 93,561 | 152,381 | 245,942 | ||||
| Other trading activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| f | f | f | ||||
| Premises rental | 27,858 | 27,858 | 22,052 | 22,052 |
| 8. | Investment | income | income | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2023 | Funds | 2022 | |||||
| f | f | f | ||||||
| Bank interest | receivable | 337 | 337 | 120 | 120 | |||
| 9. | Other income | |||||||
| Unrcstrictcd | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2023 | Funds | 2022 | |||||
| f | f | f | f | |||||
| Gilt Aid | 80 | 80 | ||||||
| Sundry income | 98 | 98 | ||||||
| Coronavirus | Job Retention | Scheme | 5,736 | 5,736 | ||||
| 178 | 178 | 5,736 | 5,736 | |||||
| 10. | Costs ofraising donations | and legacies | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2023 | Funds | 2022 | |||||
| f | f | f | f. | |||||
| Costs ofraising donations | and legacies | 7,371 | 7,371 | 5,889 | 5,889 | |||
| 11. | Expenditure | on charitable | activities by fund type | |||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2023 | ||||||
| f | f | f | ||||||
| Projects and | workshops | 104,666 | 78,655 | 183,321 | ||||
| Supportcosts | 14,086 | 1,232 | 15,318 | |||||
| 118,752 | 79,887 | 198,639 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| f | f | |||||||
| Projects and | workshops | 93,532 | 150,548 | 244,080 | ||||
| Support costs | 17,519 | 922 | 18,441 | |||||
| 111,051 | 151,470 | 262,521 |
| 12. | Expenditure | on charitab | le | acti | vit | ies by | activi | ty type | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||||||
| undertaken | Total funds | Total fund | ||||||||||
| directly f |
Support costs f |
2023 f |
2022 f |
|||||||||
| Projects and | workshops | 183,321 | 7,068 | 190,389 | 254,350 | |||||||
| Governance | costs | 8,250 | 8,250 | 8,171 | ||||||||
| 183,321 | 15,318 | 198,639 | 262,521 | |||||||||
| 13. | Analysis of | support costs | ||||||||||
| Projects and | ||||||||||||
| workshops f |
Total 2023 | Total 2022 f |
||||||||||
| Staffcosts | 5,257 | 5,257 | 7,880 | |||||||||
| General udice | 1,811 | 1,811 | 1,820 | |||||||||
| Finance costs | ||||||||||||
| Governance | costs | 8,250 | 8250 | 8,171 | ||||||||
| Accountancy | 570 | |||||||||||
| 15,318 | 15,318 | 18,441 | ||||||||||
| 14. | Net income | |||||||||||
| Net income | is | stated aher | charging/(crediting): | |||||||||
| 2023 | 2022 | |||||||||||
| f | f | |||||||||||
| Depreciation | oftangible | fixed assets | 1414 | 1,339 | ||||||||
| 15. | Independent | examination | fees | |||||||||
| 2023 | 20221 | |||||||||||
| f | f | |||||||||||
| Fees payable | to the independent | examiner | for: | |||||||||
| Independent | examination | ofthe | financial | statements | 1,212 | 1,200 | ||||||
| Other financial services | 732 | 1,290 | ||||||||||
| 1,944 | 2,490 | |||||||||||
| 16. | Staffcosts | |||||||||||
| The total staff costs and | employee | benefits for | the reporting | period are analysed | as follows: | |||||||
| 2023 f |
20212 f |
|||||||||||
| Wages and salaries | 94,605 | 110,299 | ||||||||||
| Social security costs | 5,094 | 6,631 | ||||||||||
| Employer contributions | to pension | plans | 2,156 | 2,488 | ||||||||
| 101,855 | 119,418 |
| The average head count ofemployees during t equivalent employees during the year is analysed |
he year was 3 (2022:3).The average nu as follows: |
mber | offull-tim | e |
|---|---|---|---|---|
| 2022 | 2021 | |||
| No. | No. | |||
| Management | 1 | I | ||
| Project | 1 | 1 | ||
| Administrative | 1 | 1 | ||
| 3 | 3 |
| Equipmcnt f |
|
|---|---|
| Cost | |
| At 1 April 2022 |
47,206 |
| Additions | 1,639 |
| At 31March 2023 | 48,845 |
| Depreciation | |
| At 1 April 2022 |
43,190 |
| Charge for the year | 1,414 |
| At 31March 2023 | 44,604 |
| Carrying amount |
|
| At 31March 2023 | 4,241 |
| At 31 March 2022 | 4,016 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| f | f | |||
| Trade debtors | 7,851 | 28,081 | ||
| Prepayments and |
accrued income | 8,812 | 7,772 | |
| Other debtors | 79 | 159 | ||
| 16,742 | 36,012 | |||
| Creditors: amounts | falling due within one year | |||
| 2023 | 2022 | |||
| f | f | |||
| Trade creditors | 12,920 | 16,205 | ||
| Accruals and deferred income | 9,673 | 15,033 | ||
| Social security and other taxes |
2,967 | 2,487 | ||
| Deposits | 2,598 | 2,217 | ||
| Soaring Skywards | 163 | 163 | ||
| 28,321 | 36,105 | |||
| Deferred income | ||||
| 2023 | 2022 | |||
| f | f | |||
| At 1 April 2022 |
7,615 | 107,207 | ||
| Amount released |
to income | (7,615) | (99,592) | |
| Amount deferred |
in year | 5,000 | ||
| At 31March 2023 | 5,000 | 7,615 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| I April 2022 f |
Income f |
Expenditure f |
Transfers f |
31March 2023 f |
|||
| General funds | 210,257 | 77,642 | (126,123) | 161,776 | |||
| At | At | ||||||
| I April 2021 f |
Income f |
Expenditure f |
Transfers f |
31 March 2022 f |
|||
| General funds |
201,443 | 125,819 | (116,940) | (55) | 201,257 | ||
| Restricted funds | |||||||
| At | At | ||||||
| I Apri12022 f |
Income f |
Expenditure f |
Transfers f |
31March 2023 f |
|||
| LCC Lincoln | Sings | 4,000 | 1,992 | (4,137) | 1,855 | ||
| UpBEAT! | 5,950 | 65,540 | (71,490) | ||||
| Adults with complex | |||||||
| needs | 1,260 | (1,260) | |||||
| Postlethwaite | Music | ||||||
| Foundation | 3,000 | (3,000) | |||||
| 11,210 | 70,532 | (79,887)) | 1,855 | ||||
| At | At | ||||||
| I April 2021 | Income f |
Expenditure f |
Transfers f |
31 March 2022 | |||
| soundPLAT4M | 65,774 | (65,774) | |||||
| Future ofthe | Past | 4,159 | 39,000 | (43,159) | |||
| LCC Lincoln | Sings | 4,000 | 4,000 | ||||
| UpBEAT! | 26,750 | (20,800) | 5,950 | ||||
| Adults with complex | |||||||
| needs | 1,260 | 1,260 | |||||
| National Lottery |
|||||||
| Community Fund |
|||||||
| MEHEM Uprising! | 825 | 1,732 | (2,557) | ||||
| Skegness Studio | 5,005 | (5,060) | 55 | ||||
| Together Through | Music | 10,920 | (10,920) | ||||
| Musical Whispers | 3,200 | (3,200) | |||||
| 10,244 | 152,381 | (151,470) | 55 | 11,210 |
| Analysis | ofne | t as | sets bet | ween funds |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2023 | |||||||
| f | f | ||||||||
| Tangible fixed | assets | 4,241 | 4,241 | ||||||
| Current assets | 175,864 | 11,847 | 187,711 | ||||||
| Creditors | less than | 1 year | (18,329) | (9,992) | (28,321) | ||||
| Nct assets | 161,776 | 1,855 | 163,631 | ||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| f | f | f | |||||||
| Tangible fixed | assets | 4,016 | 4,016 | ||||||
| Current assets | 226,466 | 27,090 | 253,556 | ||||||
| Creditors | less than | 1 year | (20,225) | (15,880) | (36,105) | ||||
| Net assets | 210,257 | 11,210 | 221,467 | ||||||
| Operating | lcasc commitmcnts | ||||||||
| The total future minimum | lease payments | under non-cancellable | operating | leases are as follows: | |||||
| 2023 | 2022 | ||||||||
| f | f | ||||||||
| Not later than | 1 year | ||||||||
| 1-2years | 6,900 | 6,900 | |||||||
| 1,601 |