2023-03-31-accounts - Soundwell Music Therapy Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Balance Sheet 31March 2023
				31.3.23	31.3.22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f	f	E	E
FIXEDASSETS
Tangible assets	9	5,813		5,813	7,016
CURRENT ASSETS
Debtors	10	8,703	57,000	65,703	893
Cash at bank		52,051	15,208	67,259	107,183
		60,754	72,208	132,962	108,076
CREDITORS
Amounts falling due within one year	11	(4,800)		(4,800)	(3,541)
NET CURRENT ASSETS		55,954	72,208	128,162	104,535
TOTAL ASSETSLESSCURRENT LIABILITIES		61,767	72,208	133,975	111,551
NET ASSETS		61,767	72,208	133,975	111,551
FUNDS	12
Unrestricted funds				61,767	89,640
Restricted funds				72,208	21,911
TOTAL FUNDS				133,975	111,551

INVESTMENT INCOME
		31.3.23	31.3.22
		f	E
Deposit account interest		322	33
CHARITABLE ACTIVITIES COSTS
		Support
	Direct	costs (see
	Costs	note 5)	Totals
	E	E	E
Music Therapy	168,461	23,548	192,009

5.	SUPPORT COSTS
						Governance
					Finance	costs	Totals
					E	E	E
	Music Therapy				10,156	13,392	23,548
	Fees paid to our independent			examiner total	E2,196(2022:E2,100).
	TRUSTEES' REMUNERATION			AND BENEFITS
	During the year no	freelance		fees or expenses were paid to Trustees (2022:Enil).
	Trustees' expenses
						31.3.23	31.3.22
						E	E
	Trustees' benefits	in	kind not	paid		47	1,619
	No expenses were	reimbursed		to Trustees during the year (2022:ENil).
7.	STAFF COSTS
						31.3.23	31.3.22
						E	E
	Wages and salaries					126,896	128,432
	Social security costs					10,067	9,257
	Other pension costs					5,343	6,008
						142,306	143,697
	The average monthly		number	ofemployees	during the year was as follows:
						31.3.23	31.3.22
	Administrative					3	3
	Services					4	4

for t	he Year Ended 31March 2023	he Year Ended 31March 2023	he Year Ended 31March 2023	he Year Ended 31March 2023
8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FROM THE PRIOR YEAR
			Unrestricted	Restricted	Total
			funds	funds	funds
			f	E	E
	INCOME AND ENDOWNMENTS	FROM
	Donations and legacies		48,088	104,642	152,730
	Investment income		33		33
	Government grants		131		131
	Total		48,252	104,642	152,894
	EXPENDITURE ON
	Charitable activities
	Music Therapy		86,755	86,231	172,986
	NET INCOME/(EXPENDITURE)		(38,503)	18,411	(20,092)
	RECONCILIATION OF FUNDS
	Total funds brought forward		128,143	3,500	131,643
	TOTAL FUNDS CARRIED FORWARD		89,640	21,911	111,551

9.	TANGIBLE FIXED ASSE	TS
					Plant and
					machinery
					E
	COST
	At 1April 2022				21,585
	Additions				233
	Disposals				(595)
	At 31March 2023				21,223
	DEPRECIATION
	At 1April 2022				14,569
	Charge for year				1,304
	Eliminated on disposal				(463)
	At 31March 2023				15,410
	NET BOOK VALUE
	At 31March 2023				5,813
	At 31March 2022				7,016
10.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			31.3.23		31.3.22
			E		E
	Trade debtors		2,500
	Other debtors			416
	Prepayments and accrued income		62,787		893
			65,703		893

		Incoming	Resources	Movement
		resources	expended	in funds
		f	E	E
Unrestricted funds
General fund		69,796	(97,669)	(27,873)
Restricted funds
Bath and North East Somerset Council			(641)	(641)
National Lottery Community	Fund	9,637	(6,222)	3,415
Quartet Community Foundation-
Bristol City Health Fund		20,000	(13,707)	6,293
D'Oyly Carte Charitable Trust		3,000		3,000
StJames's Place Charitable	Foundation	2,500	(2,500)
Trusthouse Charitable Foundation			(6,750)	(6,750)
The Henry Smith Charity		35,000	(35,000)
Society of Merchant Venturer's		2,000		2,000
The Lark Trust			(3,500)	(3,500)
Quartet Community Foundation-
Express Grant		5,000	(5,000)
Ashley Family Foundation			(6,020)	(6,020)
HCRG		10,000	(10,000)
Thomas Wall Trust			(5,000)	(5,000)
Douglas Arter Foundation		500		500
Global Make Some Noise		57,000		57,000
		144,637	(94,340)	50,297
TOTAL FUNDS		214,433	(192,009)	22,424

				Net
				movement	At
			At 1.4.21	in funds	31.3.22
			E	E	E
Unrestricted	funds
General fund			128,143	(38,503)	89,640
Restricted funds
Bath and North East Somerset Council				641	641
Trusthouse Charitable		Foundation		6,750	6,750
The Lark Trust			3,500		3,500
Ashley Family	Foundation			6,020	6,020
Thomas Wall	Trust			5,000	5,000
			3,500	18,411	21,911
TOTAL FUNDS			131,643	(20,092)	111,551

		Incoming	Resources	Movement	Movement
		resources	expended	in funds
		E	E	E
Unrestricted funds
General fund		48,251	(86,754)	(38,503)
Restricted funds
Bath and North East Somerset Council		13,912	(13,271)		641
Quartet Community	Foundation-
Bristol City Health	Fund	20,000	(20,000)
O'Oyly Carte Charitable Trust		3,000	(3,000)
Trusthouse Charitable Foundation		9,000	(2,250)	6,750
The Henry Smith Charity		17,500	(17,500)
Medlock Charitable	Trust	5,000	(5,000)
The Ashford's Foundation		4,000	(4,000)
The Lark Trust		3,500	(3,500)
The Sir Bernard &Lady Schreier
Foundation		3,000	(3,000)
Quartet Community	Foundation-
Express Grant		4,730	(4,730)
Ashley Family Foundation		8,001	(1,981)	6,020
Joyce Fletcher Charitable Trust		3,000	(3,000)
Thomas Wall Trust		5,000		5,000
Denman Charitable	Trust	5,000	(5,000)
		104,643	(86,232)	18,411
TOTAL FUNDS		152,894	(172,986)	(20,092)