COMPANY REGISTRATION NUMBER: 3730138 CHAIUTY REGISTRATION NUMBER: 1086483 SoundLincs Company Limited by Guarantee Unaudited Financial Statements For the year ended 31 March 2025 MUMBY HEPPENSTALL Chartered accountants Wellingore Hall Wellingore Lincoln LN5 OHX
SoundLincs Company Llmlted by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directols report) Independent examinevs report to the trustees Statement of financial actlVLties (including income and expenditure account) Statement of financial position Notes to the financial statements The followlng pages do not form part of the financial stAtements Detailed statement of financial activities 19
SoundLincs Company Llrnited by Guarantee Trustees, Annual Report Uncorporating the Director's Report) Year ended 31 Mareh 2025 The truslec5. who are also Ihc directors for Ihe Purposes of comp4my law, prcscnt ihcir report and the unauditcd rinancial slat¢m¢nts of ihc charity for the ycar ended 31 March 2025. Chalr's report Reference and admlnlstrAtlv¢ det•ll$ Reglstered charity nfjme SoundLinc5 Charlty reglstratlon number 1086483 Company reglstratlon number 3730138 Prlnelpal offlee and reglstered offl¢e Soundhouse IB St Martins Lane Lincoln LN2 1 TrIY The trustees Prof D Symonds (ChairlTreasurer) Mr P Garvey (resi&pned 21 October 2024) Dr T Jeffrey Mrs S Blnir-manning Dr R D¢an Mr P Clarke (rc5igncd 21 October 2024) Ms S Grundy (appoinlcd 15 April 2024) Mr C G A Thomson (appointed 21 O¢lober 2024) Mr A Dawson (appointed 21 O¢tobgr 2024) Independent examSner Clare Heppen51all, MA, FCA Wellingore Hall Wellingore Lincoln Key mAnllgemont personnel Ms N K Heyes, MBE - Chief Executive (rcsigncd 9 (ktobcr 2024) Mr E P Mentzel (appointed 5 August 2024)
SoundLincs Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrectorls Report) (Cvnlinuea) Year ended 31 March 2025 Structurey governance and management SoundLincs is o Nol-for-Profil organItIon, ond a Company Limitcd by Guorantcc and docs not have ony sliare capilul. li incorporatcd on 10 Morch 1999 and registcred as a charity with the Charity Commission for England and Wales on 4 May 2001. Every Trustce of the Company hos limited liability in Ihc fonn of a guaranlee of up lo £1. Any major risk, to which the Charity is cxposcd, as identified by tlie Trnslees, has been rcviewcd and systcms hove bcen c51ablishcd to mitigotc thosc risks. The Churily's govcrning document is ils MemoTDndum of Association & Articlcs ofAssoctation. SoundLines is managed by k voluntary Board of Trustee5 who ore oll Directors of the Charity and meet each quarter to revicw policies and cnsure o cohcrent strotegic overvicw of the Company. Thc day-lo-day operalions ore delegated to the Chief Exccutivc Officcr and a core staff of 5 (2024.3) full lime cquivalcnt cmployecs os at 31 Morch 2025. Trustees are appointed to the Board for an initial tcmi of threc years aftcr which time they are cliBible for re- election for a rther two years. A full induction to the work of the Charity and its structure and governance is provided. Thc Chority mok¢s no significanl use of volunlcers othcr than Ihc Trustccs and some Jdminislrntive support. Objectlves and actlvltles The Ch4riti¢s Act 2011 rcquircs that thc purposc for which, SoundLincs, Ihc Charity is formcd is ¢harilablc and rits onc of the 13 charilablc purpos¢s, In th¢ Company's ¢ase this would b¢ to advancc (hc cducalion of ihe public in the orts with particular but not oxclusiv¢ r¢fcrcncc lo music. Thr Act also slal¢s that thcrc is clcor bcncfit to the publi¢. The Trust¢¢s of SoundLinc5 huvc had rcgnrd to ihc Charity Commission's guidancc on public benefit and run ¢onfinn ihut ull of th¢ Compony's work in 2024125 has bn for ¢h¢ b¢nefit of thc public. This annual rcport provides demonstrible impact on thc comrnunity. Th¢ charity ho$ also followcd ihc ChDrity Governance Code. A¢hlevements and performanee The post year has been ¬hcr rcmnrkable chapter for SoundLincs, showcJ5ing our versatility and continued commitment to hurnc5sing thc power of music to bring comfort. support, ond cducation to a wide range of audiences and organisalions. Wo havc seen conlinucd growth in rcfcrrnls, music workshops, inspiring stories, and life•changing momcnts-reflccting ll rising dcmond for our scrviccs. This cxpan5ion has bccn supported by iting new funding stream5. dynamic partnerships, and the oddition of talented ncw colleagucs and volunleers. We &150 welcomed several ncw Music Facililalors, Board Members, and core staff to the SoundLinc5 team. In 0 5ignificont moment for the organisation, our founding CEO, Nikki-Kale Hcyes MBE, retired ofter 26 ycars of dedicated leadership. Nikki-Katc's vision and p&s5ion latd the foundation for SoundLincs' innovative work ocross the region Dnd beyond. We wcre proud to hppoinl Eddy Mentzcl as her succe5sDr, bringing fresh energy and cxpcrtisc to the rolc. Eddy has worked in music production ond educotion for 24 years through his company> AudloJiinkie, which has partnered with SoundLincs for ovcr two dcclldcs. Ov¢r the past ycar, SoundLincs has workcd directly with many communities. making a tangible differcnce in th¢ liv¢s of children and young people, older adults, participonls with SEND, and marginlllised group5 in¢ludin thos¢ involved wtih the Justice Service. In lotal, we reached 7,676 (2024: 6,297) participants through th¢ delivery of 885 (2024: 867) mle sessions. delivered by a dedicated team of 26 (2024: 32) Music Facilithlors. This year marked a significant milestone as we rebranded and successfully launched our new logo llnd websilg. offering R refreshed and more accessible digilal presence. The revamped platfonn enhances user experience, belter reflects our mission, and supporis wider engagement with our audiences. Our online reoch conlinues to grow. with 26,318 page views and a lolal of 406.738 people reached through di&Filal plaifomis. In tandem with our extemal rebrand, we have also made key inlemal operational upgrades. including a comprehensive overhaul of our IT systems, databases. and project management tools. These improvemenls have streamlined our workflow. increased productivity, And ensured greater eiCIenCY and security across all areos of our work.
SoundLincs Company Llmited by Guarantee Trustees, Annual Report Oncorporating the Director's Report) (¢onlillM¢d) Year ended 31 March 2025 Our communication elTorts rcmain a vital part of our work. soundEMiYsion, our frce monthly e-bulletin for professionals in music development and education across the Eust Midlands, Continu lo grow ond evolve. Now reaching 15,077 (2024.. 14,479) cumulalivc recipicnls, soiindENIissioii wlls remodelled in early 2025 to include job listings, funding and lrnining opportunities, creative sessions, and a curalcd "What's On" guide for live music evcnls. Additionally, we've introduced premium listinss. llllowing orBani5ations to promole their offcrings while supporting SoundLincs' sustainability. Project Hlghllghts Future of the Past Aftcr a successful piloL wc completcd thc first year of Fiiliire of ihL. Piisl, a project that breaks down barriers for young peoplc to engage with heritage venucs. The project empowers participants lo reintcrprct locul hi5lory through creative ouipuls such as animotion, music. theatre, visual Drts, documentnTiC5, 4nd dancc. In Horncastlc, a sca shanty ond tactilc storytelling forniat cxplorcd thc Endcavour's voyage. In Goin5borough, young peoplc crealcd a thcatre production and animation boscd on th¢ lown'$ hislorital timeline, showcased al thc Illuminatc Fcstival. In Bournc, a documentary is b¢inE dcvclop¢d about Chorles Worth, the iown's famous fashion pioneer. Th¢ projc¢t noi only d¢¢pens historical understonding but also fosters skills and intcrcst in herilagc-based Carr5. Upbeat: Mental Health nnd Wellbelng through Musl¢ Our Upbea¢ programme continues lo thrive, providing referral-based music scssions thal reached 1.036 participants this year, including thosc with autism and dementia. In partnership with NHS teams, social pre5cribcrs, ¢uptional thcrapists und mental hcalth scrviccs, Upbeai has expandcd geograpliically and in scope. Participants report l OOO/o satisfaction, with all saying they enjoy¢d th¢ se$$ions and would recommend them. 78Vo felt the sessions provided a safe spaee to ¢onncct and tnlk. I OOVO noted benefits including learning ncw skills, feeling listencd lo, reduced lon¢lin¢ss. and increased ctivity. We've supportcd heolih workers through lectures, training, and outreach at universities, directly demonslrnting music's therapeutic impact. Llncolnshlre Slngs On 12th October 2024, Llncolnshii'e Sings rclurncd with n vibrnnt day of moss harniony singing al The Epic Centre. Lincolnshirc Showground. With 190 singers participating, the cvcnl featured workshops by Christina Clark. Liz Mclntosh, and Zeph Churchill. Participants described the event as "uplifting• illspiriDB, ond th¢rapgutic,' with 840/0 reporting improved mood and wellbeing. SoundLlncs Conferenec 2024 Held on 6th Septcmber at the Lincolnshire Wildlife Trust's Whisby Education Centre, this year's Conference focused on Mcntal Health. We were honoured to welcome Kate Hull Rodger5-comedilln, mental hcalth advocate, and co-founder of Stepping Stones Thcatre-who shared personal slories and insights into IDughter therdpy and resilience. Activities lik¢ sound therapy ond pond dipping provided delegates with restorative. nature-based experiences. Flnanclal revlew SoundLincs aims to diversify its income base ¢hrough fundin8 applications for new projects whilst building on ils core base of working with children and young people in challenging circumstances. The resulls for this year show a significant increase in in¢ome and a small deficit of £4,322 compared to a defi¢it of £57.836 the previous
SoundLincs Company Limlted by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) (Conlind) Year ended 31 March 2025 year. Focus continues on incrcu5ing th¢ rhority's fundrnising capacity to SU51oin and grow th¢ oTgani5ation for the foresecablc future. RESERVES POLICY It is Ihc policy of the charity to maint&in unrestrictcd fTc¢ res¢rvcs ot a Icvcl to ollow the charity to rescarch and develop new progrnmmcs and funding strulcgics to cnable il lo con¢inuc in its charitablc objeclives, and to provide Su1Clent funds to cover rcdundancy provision und thrcc month5 op¢rating costs in thc evcnt of it having to cease operating. Thc Board has rcqucstcd th41 thc Icvcl of rcscrvc5 15 in¢rca5ed so as to covcr four months operating costs by 31 March 2026, with a furth¢r Incr$¢ so as to cover six months opcraling costs over thc ncxl few ycors. The Boord is satisfied that the current Icvcl of unrestricied funds is sufficicnt to meet Ihc policy based on the current Icvcl of projcctcd opernling cxpcndiluT¢. but ihcy cxpcct Ihc cxpcndilure to increasc in thc fUre. Unrestricted reserves at 31 March 2025 £67,062 (2024: £110,879). Restricted rcserves at 31 March 2025 £61,103 (2023: £48,430). Thcre were no designatcd fund5 al 31 March 2025 or 2024. Plans for future perlodj W¢ ore ¢x¢iled to announcc new funding to furth¢r devclop our mcnthl health and wellbeing projects Into 2025- 2026. SoundLln¢$ Conne¢t Coiinevl is o n¢w initiative supporting individuu15 transitioning from acute and rchabilithtion wards back into thc community-a crilical window identified in the Lincoln5hir¢ Suicide Prevention Strategy, The PTojccI targcls those at risk of 5uicid¢, including individuals facing scvcrc mcntal illness or dual diagnoscs such as trnumo or substance usc. Through cr¢ativ¢ music intervenlions, Coiineci fosters recovery. confidence, and Community reintegration. Music provide5 Jn inclusiv¢ platforni for cmotionol helllinsi communication, and skill-building. Evidence consistently shows that music can oll¢viale stress, anxiety, and dcprcssion while improving memory, social connection, and physical dexlcrity. Inslde Volees Building on our longstanding work in Secure settings, we nre lounching our Inside YoiL'es programm¢ at HMP Lineoln, HMP North Sea Camp, HMP Ranby, Emd HMP Pelerborough, as wcll as dcvcloping support gTOUPS for recently released individuals. Parti¢ipants from HMP Ranby describcd our prcvious sessions lls "terrific, educationul, and inclusive," emphasising the importance of expression and creativity in custody. Thc workshops have led to improved wellbeing, teamwork, peer support, and communication. &s wcll us in¢reased interest in music and th¢ arts. By working with prisons. probolion services. Lincolnshirc Action Trnst, and Development Plu5, Insidv Volces offer5 a positive alternative lo offending behaviours. Our dual model-support inside and outside prison aim5 to reduce reoffending, foster rc$ilien¢e, and promolc social rcintegrntion through th¢ pow¢r of music. FAB! C¢l¢brAtlon for Chlldren In Care SoundLincs will partner with Lincolnshire County Council's Children's Services Participation T¢am lo deliver the 14 FABI an annual ¢¢lebration to celebrate the achievements of Children in Care. The event theme to once again be chosen by the young people. RESPONSIBILITIES OF THE TRUSTEES The trustees (who are a150 the directors of SoundLincs for the purposes of company law) nre responsible for preparing the Trustees Annual Report and the financial stalements in accordance with applicBble law and United Kingdom Accounting Sthndards (Uni*d Kingdom Generally Accepted Accounting Practice). Company law requires the trustees lo prep4rc financial stBt¢m¢nts for each financial year which give a true ynd rair view of thc stale of affairs of the charitsble Company and of the incoming resources and application of
SoundLincs Company Limited by Guarantee Trustees, Annual Report Uncorporating the Director's Report) (conlinued) Year ended 31 March 2025 resources, including the incomc und cxpcnditurc, of thc charilablc company for that period. In prcparing these financial stolcmenls, the truslccs urc rcquircd to: sclcct suitoble Bccounling policies and then apply Ihcm consistcntly; observe the mcthods ond principles in thc Chorities SORP; mak¢ judgemcnts ond estimates Ihal are reasonable and prudent; slalc whcthcr uppltcable UK Accounting Stllndards have been followed. subject to ony molerial depanurcs disclosed and explained in the financial slalcments; prcparc ihe financial slalcmcnts on the going conccrn basis unlcss it is inapproprialc lo prcsumc tl)ui ihc charity will conlinuc in businc55. Thc truslees are respon5iblc for kecping propcr accounting records that disclosc with rcasonable accurncy at any time the financial position of the charitable company and cnablc them lo cnsurc thut thc financial statcmcnts comply with the Companies Act 2006. The trnstees arc thlso rcsponsiblc for suf¢guording thc osscts of Ihe charitable company and hence for lllking reasonllblc steps for Ihe prcvcnlion and dcl¢ction of fraud and othcr irregularilies. Small Company provlslons Thi5 Port hu5 bc¢n pr¢porcd in accordancc with the provisions opplicoblc to componics cn(itlcd to thc small companies exempllon. The trustees, annual report was approved on by: and signed on behalf of the board of Iruste¢3 Slyned on 31107125 @ 12.'63 Prof D Symonds Trustec
SoundLincs Company Limited by Guarantee Independent Examiner's Report to the Trustees of SoundLincs Year ended 31 March 2025 I report to the trustees on my examination of Ihe financial siaiements of SoundLincs ('the charity,) for the year ended 31 March 2025. ResponsIbllltl And bjsls of report As tlie Inistees of the company (and also its directors for the purposes of company law) you are responsible for Ihe preparntion of the financial statements in a¢¢ordan¢e with Ihe requirements of th¢ Companies Act ?006 (Ihe 2006 A¢t'). Having satisfied myself that the llccounts of the company are not required to be audiled under Part 16 of the 2006 Act and are eligible for Independent examinoilon, I report in respect of my examination of the cliarity's accounts as carried out under s¢clion 145 of ihe Charities Act 2011 ('the 2011 Act,). In canying out my examtnation I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act. Independent examlner's ytslement Slnce the Company's gr055 income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 201 l ACL I confirni that l am qualified to undertake the examination because l am a member of the Institut¢ of Charted Accountants in England and Wales. which is one of the listed bodles. I have completed my examination. I confwm ihat no matterg have come to my anention in connectlon with the exomtnatlon glving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial sthtemen15 do not ll¢¢ord with those rKords' or the financial statements do not cornply with the accountlng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue ond falrf view which is not a matter Considered as part of an independent examination; or the flnancial stalements have not been prepared In occordance wlth the meihods ond principles of the Stoternent of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their a¢¢ount5 in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ereland (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 under5tAndln8 of the accounts to be reached. Clare Heppenstall, MA. FCA Independent Examincr Mumby Heppenstall Wellingore Hall Wellingore Lincoln LN5 OHX Sl acgs
SoundLincs Company Limited by Guarrdntee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Rcstrictcd runds Total funds 2024 Unr¢5trictcd funds Tolal funds Note Income and endowments Donalions and legacies Churitoblo a¢tivilies Oihcr truding activiti¢S Tnvcslmcnl incom¢ Oihcr income 1,205 81,890 25,689 1,435 18 1,205 344,727 25,689 ,435 18 3,718 241,560 27,802 ,123 183 262,837 Total Income 110,237 262,837 373,074 274,386 Expendlture Expcnditure on raislng nds. Cosls of rnising donations and l¢gllcie5 Expenditure on chllritoble llclivitie5 10 11,238 142,816 11,238 329,980 6,242 272,466 250,164 Total expendllure 154,054 250,164 404,218 278,708 Net Incomel (expendlture) (43,817) 12,673 (31,144) (4.322) Trnnsfers between funds Net movement In funds (43,817) 12,673 (31,144) (4,322) Reconclllatlon or runds Total funds brought forward Total funds carrled forw4rd 110.879 48,430 159,309 163.631 67.062 61.103 128,165 159,309 The statement of financial activilies includes all gains and Ios5¢s rwogni5¢d in the year. All income and expenditure derive from conlinuing activities. The nolel on pales 9 to 17 forw PArt ofth¢s* nninclAI slaeements.
SoundLincs Comp2ny Llmlted by Guparantee Statement of Financlal Posltlon 31 March 2025 2025 2024 Note Flxed assets Tangible fixcd se{S 18 4,628 3,094 Current assets Dcbiors Cash at bank und in hand 19 15,664 201,629 88,931 135,945 217,293 224,876 Credltors: amount5 falllnE due wlthln one year Net curr¢nt a5$Ct5 20 93,756 68.661 123,537 156,215 Total assets less Current Ilabllltles 128.165 159,309 Ntt ASSQts 128,165 159,309 Funds ofthe charlty Restricted funds Unrestricted funds 61,103 67,062 128,165 48,430 110,879 Tolaj charlty funds 23 159,309 For the year ending 3 l Mareh 2025 thc chtsrity was entitled lo cxemption from audit under scction 477 of thc Companics Act 2006 relating to small COrnPDnies. Director5, re5ponsibililics: The member5 hove not rcquired the company to oblain Dn audit of ils financial slalemcnts for the year in question in accordance with SlI0n 476; The directors ocknowledgc their responsibilities for complying with the requirerncnts of th¢ Act with respect to accounting records and the preporntion of finoncial slotemenls. Thesc financiol slaiemenls have bcen prepared in accordance with the provisions applicable to companies subject to the small companies, rcgime. Thcsc financial statements were approved by the board of trnslees and authorised for issue on ond ore signed on beholf of the bonrd by.. Slgmd on 31107125 Q 12.'63 Prof D Sonds TNst¢¢ Cotnpany number 3730138 Charily number 1086483 Tho notes on pA8os 9 to 17 form part of these IlnAnclAI stAlements.
SoundLincs Company Limlted by Guarantee Notes to the Financial Statements Year ended 31 March 2025 G¢n¢ral Information Thc ch&rity is a public bcncfit cnlity and a privntc company limilcd by guarantcc, regislercd in England und Walc5 Dnd a rcgislcrcd charity in England and Wales. The addrcss of the rcgistercd office is Soundhousc. 18 Si Mortin5 Lane, Lincoln. LN2 1 HY. Statement ofeompllanee Thcs¢ financi41 slul¢mcnls havc bc¢n pr¢par¢d in compliancc wilh FRS 102, 'Thc Financial R¢porting Standard applicoble in Ihc UK and thc Republic of Ireland,, thc Siatcmenl of Rccommcndcd Prncticc applicablc lo charitics prcparing thcir accounls in accordancc with ihe Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Choritics SORP (FRS 102)) and the Companics Acl 2006. Accountlng pollcles Basls nf preparatlon Thc financial statements hove becn prcpared on the historical eost basis. The financiol statements arc prcpared in sterling. which is the funciional currency of the entity. The financial sthiements arc prcparcd in stcrling, which is the funelional currency of the enllty. SoundLines is a publie benefit cnlity as defined by FRS 102. Golng concern The accounts have bccn prepared on ihc going concern basis Thcrc are no rnolcrial unccrtointies nbout the chortty's ttbility to continue. Income tix These accounts ar¢ prcpored on ihc bosis that as a charity, the activitics of SoundLincs are cxempl from ineome and ¢orporJlion t. Fund Ac¢ountlng Unrestricted funds aTC availabl¢ for use al Ihc discretion of the trustees to furth¢r any of th¢ ¢harity's purposes. D¢sign4l¢d fid$ ar¢ unT¢Striclgd fvnd5 eunnarked by the trustces for SPlf1¢ purpose. Reslrirted fund5 ar¢ sUbJ1¢d to restriclion5 on their cxpendittwe declared by the donor or whcn funds are raised for $pccifJc reslricted pury)oses. Incomlng resources Incoming resources from grants nre crcdited to the St&temenl of Financiol A¢livities in thc year lo which they rclale. Pmjects and workshops income is accounted for as receivablc by ihe charity. Deferred income is that lo which the charity has not yet eamed entitlement for rcccipt until the service hLs bcen provided. Such income is accounted for a5 a liability until the period in which the charity bccomes entitled to the incomc.
SoundLincs CompAny Llmited by Guarantee Notes to the Financial Statements (¢onrfMued) Year ended 31 March 2025 Accountlng pollcle5 Resources expended Resources expended ure included in thc Statcmcnt of Financinl Activities on an accruals basis, inclusivc of any VAT which cnnnot be recovered, All cxpcndiWre hos bccn classified undcr l)eadings that aggre8nle llll costs reluling io thllt category. Expenscs rela¢ins lo onc aclivily or cost calcgory havc bccn directly Allocated. Othcr overhcads have been apportioned on the basis of cslimaled lime spent and resources utilised: Cost of raising donations and legacies Chief Exccutivc Offi¢¢r 25.10 (2024: 1 /). Charitable tiviti¢s - Chicf Exccutivg Officcr 71P/o {2024: 85 /0), admini5trnlion 90 /D und all othcr stuff costs lOOO/.. Governancc - Chief Execulivc OtTi¢¢r 5 /0, administration l Oty/o. Govemance costs compri5c all costs involved in thc public pc¢ounthbility of thc charity and its compliun¢ with rcgulation and good practice. Operatlng leas Lcasc payments arc rccognised os on cxpcnsc over thc leasc terni on a strnight-linc basis. The aggrcgate b¢n¢fil of Icas¢ inccntiVC5 15 rccogni5cd a5 a rcduction lo expcnsc ovcr the Icose tcrni, on a straight-linc basis. TAnglble assels Tangible ossets orc initially recorded at COSL nnd sub$cqucntly Stated lll c051 Icss nny aecumulated depreciation ond impairnient losses. Depreclatlon tkprc¢iation is c4lculated so as lo write off the cosl or valuation of an assct, less its rcsidual valuc, ovcr th¢ useful economic life of that 11sset as follows: Equipment 25 % reducing bolance Flnanclal Instruments The charity only has financial asscls and liabilities of a kind thol qualify as bosic financial instruments. Basic financial instrnments are iniliolly reeogniscd nl transaction vlllue. Detlned Contrlbutlon plans Contributions are made to a workplace pension scheme for employees where requircd under the automatic enrolment lesi51ation. Llmlted by guarantce Th¢ Charity 15 u company limited by guarunlee. If the company is wound up the member5 arc cach liabl¢ to contribute up lo £1. io-
SoundLincs Company Limited by GuarAntee Notes to the Financial Statements (¢*wrrfnuedJ Year ended 31 March 2025 Donatlon5 #nd legacles Unrc5trict¢d Total Funds Funds 2025 Unrcstriclcd Tolal Funds Funds 2024 DonAtlons MUSIC:LfNK subscriptions Donations 785 420 785 420 1,580 1,958 1,580 1,958 ,205 1,205 3,538 3,538 Charltable aellvltlei Unrcstriclcd Funds Rcstriclcd Total Funds Fund5 2025 Projects and workshops incomc Grants: Other grnnts HMP Ranby Futhre of the Pllst Bourne Community Radio UpBEAT! Lincoln Sing5 Postlcthwaite Music Foundation SoundLincs conference 67.708 9,289 76,997 14,182 14,182 10,000 134.397 20,000 79,500 4,535 i 0,000 134,397 20,000 79,500 4,535 1116 1116 81,890 262,837 344,727 Unrcstnctcd Funds Restricted Total Funds Funds 2024 Projects and workshops income Newark and Sherwood District Council -OpenSounds Lincolnshire County Council- Springwell Outreach Linconshire Countycouncil - Bournc Community Rodio UpBEAT! Postlethwaile Music Foundation 11,764 51,221 40,000 14,000 lo,0) 11,575 62,985 40,0(K) 14,0(K) 10,o(¥J 111,575 11,764 229,796 241,560 Other trndlng aetlvltios Unrestricted Totfjl Funds Funds 2025 Unrestricled Total Funds Funds 2024 Premises rental 25,689 25,689 27,802 27,802
SoundLinc5 Company Limited by Guarantee Notes to the Financial Statement5 (comilniiedj Year ended 31 March 2025 Investment Ineome Unrestriclcd Totlll Funds Funds 2025 Unrcstricted Total Funds Funds 2024 Bank interest reccivoblc ,435 1,435 1,123 1,123 Other Income Unrc5tricled Total Funds Funds 2025 Unrestricted Total Funds Funds 2024 Gift Aid Sundry incomc 18 18 183 183 18 18 183 183 10. Costs of r2lslng donAtlons #nd legacles Unrestrictcd Total Funds Funds 2025 Unrcstrictcd Total Funds Funds 2024 Costs of rnising donations ond legacies 11,238 11,238 6,242 6,242 I l. Expendlture on charltable actlvltles by fund type Unreslriclcd Funds Restricted TotAI Funds Funds 2025 Projects and workshops expenditure HMP Ranby Future of Ihc Past Bournc Community Radio UpBEAT! Lincoln Stngs P0511cthwDite Music Foundotion SoundLincs conf¢rcnce Support ¢osts 136.768 136,768 i 0.000 113,508 20,000 95,151 6,390 3,000 2,115 6,048 i 0,000 13,508 20,000 95,151 6,390 3,000 2,115 6,048 142,816 250,164 392,980 Unrestriclcd Funds Restricted Total Funds Funds 2024 Projects and workshops expenditure Newark and Shenvood District Council -OpenSounds Lincolnshire County Council- Springwell Outreach Linconshire CountyCouncil- Bourne Community Radto UpBEAT! P05tlethwaite Music Foundation Support costs 73,889 73,889 40,Olh) 14.000 io,o(x) 116,221 3,000 15,356 40,000 14,000 10.000 116.221 3,000 15.356 89,245 183.221 272,466 12-
SoundLincs Company Limited by Guarantee Notes to the Flnanclal Statements (¢onrfnutd) Year ended 31 March 2025 12. Expendlture on eh*rlt4bl¢ 4ctlvitles by actlvity type Activilics undcrtakcn dirccily Support costs Tolal funds 2025 TotJl fund 2024 Projects and workshops Governoncc costs 377,826 6,048 9,106 383,874 9,106 263,430 9,036 272,466 377,826 15,154 392,980 13. AnAlys15 of support Costs Projccts and workshops Total 2025 Total 2024 Sthifcosts General oifice GovcrnaThce costs 4,078 1,970 9,106 4,078 ,970 9,106 15.154 4,755 1,565 9,036 1 5,356 15,154 14. Net In¢ome Nel income is stolcd after charginpJ(credilin8): 2025 2024 Depreciation of tangiblc fixed asscts (Profit},Iloss on disposol of fjxed assets 1,543 (443) 1,032 876 1,100 1,908 IS. Independent exllmln8tlon fees 2025 2024 Fees payable to the independent examiner for.. Independent cxamination of the fin1¢11 slalem¢nls Other financial services 1,224 744 1,224 738 1,968 1,962 16. Staff costs The lolal staff costs and employ¢¢ b¢n¢fJts for th¢ reporting pcriod arc on4ly5cd a5 follows,, 2025 2024 Wages and saluries Social se¢urity costs Employer contribulion5 to pension plans 165.611 10,509 3,706 133,491 8,488 2,859 A79,826 144,838 13-
SoundLincs Company Limlted by Guarantee Notes to the Fin8neial Statements f¢ollilnued) Year ended 31 March 2025 16. Staff eosts fLoMliffued) The avcragc head count of employccs during the year was 6 (2024: 4). Th¢ uvcrugc number of full-limc equivalent cmployces during the ycllr 15 anolyscd as follows: 2025 2D24 Managcmenl PrOjt Administrntivc No employcc reccivcd employce bcncfits of more than £60,000 during thc ycar (2024: Nil). Key Management Personnel Key monngcm¢nt personnel includc all pcrsons Ihal have authority ond responsibility for planning> directing and controlling the octivi¢ies of thc charity. Thc total compcnsation paid to kcy managcmcnt personnel for service$ providcd io the charity was £57,935 (2024: £56,942). 17. Trustee remuneratlon and expenses No remuneration from employmenl with the charity was received by any of the tNstees during ihe year. No expenses were paid to ony of thc truslccs durin8 the year (2024.. Nil). 18. Tang5ble Ilxed as5 Equlpment Cost Ai l April 2024 Additions Dispoyals At 31 March 2025 26,141 3,910 (4.419) 25,632 D¢pr¢c14tlon At l April 2024 Charge for the year On disposals At 31 March 2025 23.047 1,543 (3,586) 21.004 Crrylng amount At 31 March 2025 4,628 At 31 March 2024 3.094 14-
SoundLincs Company Llmited by Guarantee Notes to the Financial Statements (¢onrfnuedJ Year ended 31 March 2025 19. Debtors 2025 2024 Trddc dcbiors Prcpayments and nccrued income Olhcr dcbtors 8,190 7,374 100 79,860 8,810 261 15,664 88,931 20. Credllors: amounts falllng due wlthln one year 2025 2024 Trnde creditors Accruols and dcfcrred incom¢ S141 5ccurity and olhcr taxcs Deposits Soaring Skywards 11.066 77,224 3,503 1,800 163 14.645 47,282 3,573 2.998 163 93,756 68,661 21. Deferred Income 2025 2024 At l April 2024 Amount rclcased to income Amount deferred in year At 31 March 2025 41,870 (32,108) 63,283 5,000 (5,0(K)) 41,870 73,045 41,870 Deferred income relates to funding incvoiced at 31 March 2025 for projects which hnd not been completed or not started at that date, und so the proportion of funding held 10 cornplcie the project has be¢n Carried forward. 22. Penslon5 and olhcr post-rotlrcmcnt beneflts Detlned coDtrlbutlon plans The amount recognised in income or expenditure as an expense in relotion lo defined contribution plans was £3,706 (2024: £2,859).
SoundLincs Company Llrnlted by Guarantee Notes to the Financial Statements (¢oTrtinMedJ YeAr ended 31 March 2025 23. Analysls of chorltable funds Unrestrlcled funds At l April 2024 At TransfcTS 31 March 2025 Incomc Expenditure Genernl funds 110,879 110.237 (154,054) 67,062 At April 2023 At Transfers 31 March 2024 Incomc Expcndilurc Gcneral funds 161,776 44,590 (95,487) 10,879 Restrleied funds At l April 2024 At Trnnsf¢rs 31 March 2025 Tncomc Expcndilurc Future of thc Post HMP Ranby Lincoln Sings UpBEAT! Bourne Communiry Radio Postl¢thwail¢ Muslc Foundation SoundLincs confcrcncc 137.297 i 0.000 4,535 85,890 20,0 (113,508) ( i 0,000) (6,390) (95,151) (20,000) 23,789 1,855 46.575 37,314 3,000 2,115 (3,000) (2,115) 48,430 262,837 (250,164)) 61,103 At 31 March 202 Al April 2023 Income Expcnditure Trllnsfcrs Op¢nSounds LCC Springwell LCC Lincoln Sings UpBEAT! LCC Bourne Community Radio Postlethwaitc Music Foundation 40.000 14,000 (40,000) {14,000) 1,855 1,855 46,575 162,796 (116,221) I O.OLK) (10,000} (3.000) 1.855 229,796 (183.221)) 48,430 16-
SoundLincs Company Llmlted by Guarantee Notes to the Financlal Statements from11Re0) Year ended 31 March 2025 23. Analy515 oC£harlt&ble funds f¢oNiiuue4J Rcstrictcd funds ore trcaled L4 such becausc of conditions imposed by Ihc ¢xt¢mal funding provider that means dclivery of services under thesc funds is more rcstrictcd than the core service provided by the organisation. 24. AnAlysls of net assets botw¢on funds Unrcslricl¢d Fund5 R¢stTiclcd Tolnl Funds Funds 2025 Tangible fixed tssscts Curr¢n¢ 4s5els Creditors less than l year Net Assets 4,628 83,428 {20,994) 4,628 217,293 {93,756) 133,865 (72,762) 67,062 61,103 128,165 Unrcslricled Fund5 Resiricied Total Funds Funds 2024 Tangible fixcd asscts Current Dssets Creditors less thon l year Net assets 3,094 128,354 (20,569) 3.094 224,876 {68,661) 96,522 (48.092) 110,879 48,430 159,309 25. Operatlng le8se CDmmltments The total futtwe minimum lease payments under non-cancelloblc operating leases arc as follows". 2025 2024 Not Inter than l year 1-5 years 5,836 2,574 7,836 3,510 26. R¢lnted partles One member of stsff who left during the ycar Is o dornc515c portner of one of the truslces. This ITU51ee declares an interest at times of salary reviews and staffing maltcrs. Thcre wer¢ no other reloted party trnnsuclions during the year. 17-