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|||||||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|
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|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)|||
|||||Mr P Garvey||||
|||||Mr D Gibbons (Treasurer) (resigned
17October||||
|||||2022)||||
|||||Dr TJeffrey||||
|||||Mrs S Nunn (Secretary) (resigned|||6March 2023)|
|||||Prof D Symonds
(Chair/Treasurer)||||
|||||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||||
|||||Wellingore
Hall||||
|||||Wellingore||||
|||||Lincoln||||
|Key management
personnel||||Ms N KHeyes, MBE|—Chief Executive|||
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||||||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|
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|||||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|
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|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|
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|||||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|
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|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|
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||Projects and|workshops||||93,532|150,548|244,080|
||Support costs|||||17,519|922|18,441|
|||||||111,051|151,470|262,521|
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|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|
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|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|
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||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|
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||||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|
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||||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|
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|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||
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