REGisfERED CHARITY NUMBER: 1093992 Soundwell Music Therapy Re ort of the Trustee udi Flnanclal Stat men f h Year Ended 31 March 2024 ndwell Musi Th Moore Chartered Accountants 30 Gay Street 8ath BAI 2PA
Soundwell Music Thera Trust Con forth Y f the Financial Statements rEnd l M rch 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Actlvlties io Balance Sheet li Notes lo the Flnancial Statements 12 to 21
5oundwell Music Thera Trust ort of the Trust The Trustees Present their report with the financlal statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accountlng and Reportin8 by Charities: Statement of Recommended Practlce applicable to charlties preparing thelr accounts In accordance wlth the Financial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 102) leffectlve l January 20191. ACHIEVEMENT AND PERFORWNCE Introductlon The Trustees have pleasure in recording that the Charlty has had another successful and productive year, despite contlnued external turbulence. Thts year, we have seen the number of users atces5ing our seNSces returnlng to pre Covld levels, a5 many people rebuild their confidence to access in person support. Kev servlce points include: Contlnuation and expansion of face-towface sesslons with one on-line group continulng 102 people attended regular Soundwell sessions- a further 160 attended at least one outreath sesslon 203 Soundwell sessions run this year Support for people with a range of mental health need. We have made prov151on for people with complex and severe mental illness, for whom muslc therapy is the only treatment they acce55 for recovery, or where it Is an important factor in their overall care. Alongside this. we have offered mu55( therapy interventlon as a preventative tool to counter worsenin8 mental Illness,. for maintenance of mental health. Support for unpaid Carers who access muslc therapy to relieve Isolatlon, for expression and peer.support. Our outreach work has continued to grow delivering 13 sesslons as we look to identify and support those experiencing multiple health inequalities, particularly in areas of deprivation We are dellghted to report Ihat our outreach programme has contlnued to flourfsh thls year as wi, have bullt new relationships and relnforced existlng one5. We were pleased to be able to be8in a serie5 of sesslons at Knowle West Health Park In Brlstol, Closer working relationships with community mental health teams, varlous teams across the Inte8rated Care Systems and social prescribers during this period has resulted in a recent, unprecedented level of referrals and more planned outreaches. We continued to work on raising the profile of Soundwell thls year to support fundlng requests and awareness within our communities of the services and support we provide. Through the 8enerous support of Stuff. we were able to launch our new branding In september, giving us a fresh and professional graphics and updated logo to promote our work. In November we attended the Quartet annual celebration event at the Brlstol Beacon. We were glven the opportunity to share our work and celebrate our achievements thanks to the willing support Quartet have shown us over the yeais, We a grateful to our friends at the aedminster Quaker Meetin8 House, Bristol, and the Scout HQ 8ath, who provide stable. calm space for the work to continue. Also to Stuff, TLT Solicitors and GA Agency who have all provided valuable pro bono servi$ across the year supporting governance, and the creaticn of professional marketing materials to promote our work. Pa8e I
Soundwell Mu51c Thera Trust ort of the Trustees for the Year En l March 2024 New funding was secured this year to be8ln a 15 Month project in B&NES looklng to address health inequalltles and Improve access to services to those in areas of increased deprivatlon Indudlng Twerton and Whlteway. Work continued on delivering our Global Make Some Noise funded 20 week se55ions across Bristol and Bath, which will continue into 2024125. We have been able to maintain a stable year in the face of an external environment that continues to put pre55ure on people's mental health. We Will continue to monltor our finances closely as we enter a year of higher Inflation and significant rise5 in the cost of living - recognlslng the impact on Staff, the charity and our clients. I. SERVICES Actlvlty We are passlonaie bellevers In buildlng on the strengths of community to support mental health recovery, harnessing the resources of (mental health, music and culturall communities. Consultation regardir3 seNlce and actess Is at the heart of our planning and we endeavour to build thls consultation In, at each step. This includes consulting with ex-clients on panel, sending out surveys to potential cllents and their referrers, consultlng with current clients on their therapeutic goals, preferred formats and wishes for session5, consulting wlth referrers and host organisations (for Outreaches), onwhat their clients would best feceive and how they would engage In accessln8 the services ihat Soundwell pi ovide. Evaluation and feedback is Sought regularly, analysed and acted upon. Regular muslc therapy selOn5 Monthly Carers Support Group. face to face in Bath. For unpaid carers who are isolated and mi8ht be low In mood. Singing for Wellbeing groups In Bristol and 8ath. For people who have mild/moderate mental health Issues, fortnightlvl Open Music Group, in Bristd and Bath. Face to face. For people with a range of mental health Issues, monthly Online music listening group For people with a ran8e of mental health issues. monthlv 20-week music psychotherapy group for adults wlth moderate- highlcomplex mental health needs In 8aihx2 20.week muslc psychotherapy group for adults with moderate-high/complex mental health need5 in Bristol x 2 one-to.one Music Therapy for 7 people. Outreache5 Bath: Party in the City113 participantsl Bath Mind116 particlpantsl World Mental Health day event with Avon and Wiltshire Partnership IAWPI NHS Trust13 particlpantsl Carers Day, run by AWP116 participants) Remind Iforfflally known as RICEI (Bath- 14 participants) 8ristol: Redcatch Community Gardens x 2131 participants) Wellbeing College122 partKipantsl Knowle West Health Park'world Mental Health Day. event17 partici pants) Knowle West Health Park x 3134 participants) Changes14 participants) Page 2
Soundwell Music Thera Trust ftheTr forthe Y r Ended 31 March 2 ACHIEVEMENT AND PERFORMANCE Overall Summary: Snapshot of sesslons Number of Soundwell partlclpants: 102 at re8ular sessions 4 160 at Outreaches Number of sessions run: 203 Reachlng dlver5e groups Soundwell is committed to reaching marginalised communitles and removlng barrlers to musi¢ therapv. Thi5 Include5 indlvlduals who might sllp through the net. who have experlenced prejudlce and dlscrimlnation, and lack of speciallst support. Networking and refreshing connections has included working wlth the above or8anlsations, plus Ilabsln8 wlth and taking referrals from community mental health and social prescribln8 teams, Bristol Autistic Spectrum Service (BASSI, Housing Support Agencles, Women's Specialist Services, Dwg and Alcohol Speclallst Services and Rethink. Consultatlon Group for ex-cllents We offer fOUtÈs for pro8ression throughout the servlce, includin8 beln8 in advisory roles for the charlty. In this way, the service model is shaped to promote agency and recovery. Consultant5 help with a hu8e ran8e of work, e.8. ideas for increa51n8 access, planning new services, ideas for re-brand, promotlon and fundraisin8 and intervlewln8 Potential staff a5 Part of recrultment. Recrultment for thls consultation panel is ongolng. One of our ex-cllents has moved to a trustee positlon, on the board. Tr4lnee placement A trainee for the MA course in Musie Therapy, from the University of the West of England IUWEI has been on placement this year. Other trainees have come for contextual visits. Soundwell are pleased to support trainee music theraplsts in their development, contrlbutlng to and benefittin8 from the next generation of muslc therapists. Sampl• hedback from cllents, Aprll 2023 . March 2024 'Your seNice Is a real lifeline for me. .thls 8roup has been Invaluable for getting me out of the house. The staff are wonderful, 8entle and compasslonate and approachable If there Is a problem, This is the onlv activity l attend that is not connected to the AWP seThlce .sin8ing is so uplifting and qives me some independence from my support workers. It's a150 a remlnder of what Ilfe was Ilke before . .a stepplng stone back to somethlng l enjoy and really Is for me." 'Calming. I found It 8ood to be around people" .1 always feel much better after a se55i9n, it's great to be able to communicate with other people through my music. You can share any problems you have with the 8roup If you wish to" "The open group has been really positive for me. There has been a joy to bein8 able to use any musical instrument avallable. IYS been so permlsslve. supporting and allowin8. I know that it's been helpin8 me work through and heal complex chlldhood trauma. l arn very 8rateful for the experlence- Thank you., "It has been a joy to be a member of Soundwell, the sessions are welcoming and insplrlng, the atmosphere cilm and safe. The music therapy has helped me overcome many obstacles and challenges... I have grown and I have a better understanding of myself and others. An amazing and deditated team" 'with e%periencin£ anxiety dlsorder amon8St other i55ue5,1 was pleasantly surprised to be able to11sten to the music and hear other folks thoughts and at times be able to speak as well." Page 3
Soundwell Music Thera Tru Re ort of the Trustees for the Year Ended IM h2024 ACHIEVEMENT AND PERFORMANCE 'it's really good for uplifting my spirits. Unlty in the community., '1 was able to be myself and talk about my problems that bother me" '1 dld feel a shift in happines5 and encouragement. Speaklng to the 8roup about how I was feeling was hugely beneficial, I would cast my mind back on the previous session and also looked forward to the next session. Itrs helped me to feel excited and joyful a8ain. I felt an encouragement to try new things and speak in front of people." rer '1 became Involved with Soundwell Muslc Therapy many year5 ago thfou6h Bath Corer5 Centre while caring for my wife. I found the means of expresslng myself wlth percussrve Instrurnents very relaxing and helpful as a break from my caring role. My wife died of Covid but I continued with the online sessions for the sarrie reasons as before with the additional interest of le3rnin8 f rom the tastes of the other participants. I feel ble to withdraw from the group as l am now helping Wlth six dementia cafes, two music appreciation 8roups and two other carers groups. I wlll continue to join in the onllne sessions, It Is apparent that the group acts as a valuable releasÈ...to express feelings in confidence, The sessions are skilfully and empathetically run. "A chance to meet people who are in a similar situation as myself and to hear their difficulties which makes you feel not so alone. A150 It's 8ood to 8et away from the house for a few hours., '1 love it, always leave wlth a smlle on my face and it really helps havlre that space" 'The opportunity to make music something I don't normally do - and to try lot5 of different Instruments. It's a really joyful time and works really well at alleviatin8 Stress, I like beln8 able to talk about what is happening for mè in my caring role, without feeling like I'm burdening a frlend. People are really supportlve. The musTrc is the priority though.. 'Beln8 a carer In my case means I'm stuck at home most of the time rarely talking to anyone, so it's great just to meet other peopEe." 'A great opportunity to try other Instruments. If you like rnusic, it can have an uplifting effect especially if you feel a little down." 'It's uplifting and that feeling la5ts for quite a while. I really notice it if I have to miss a month. I miss it a lot" "Makes me more relaxed, and makes me more positive about myselr. Host organi5ation feedback Ve are so grateful to 5oundwell for delivering an exceptional session. (Therapists).. skilfulty facilitated the event with a remarkable sense of ease and tranquillity, creating a relaxed and welcomin8 atmosphere that encouraged active particlpation from all attendees." Page 4
Sounthwell Mu l Thera st Re or the Tr hey rEnd stees l March 2 24 ACHIEVEMENT AND PERFORfvIANCE "The sesslon had a remarkable effect on participènts who had previously been hesitant or inactiv(.. One individual, typically reserved and quieL visibly brightened and enthusiastically joined the group in playln8 the piano a rare occurrence. Additionally. several partlclpant5 expressed Inltial apprehenslon about their musical abillties but quickly found Joy and confidence in participatlng. Their newfound enthuslasm was evident as they eagerly embraced the experience, reluctant for the sesslon to conclude. srnilin8 at each other. all jolnlng in, some stood to enhance their voices., "Anyone with mental health condition can benefit Irom playln8 or Ilstenln8 to music. I thlnk most Sf not all of the group felt better at the end of the session than they had at the start. Some were able to Èxpress that at the time. They felt a sense of achlevÈment that they had done an activity they wouldn't normally do and had copedl" Partlclpant feedback 'Be8an the session very fraught and anxious, After session l am uplifted and happy! '.)." 'It was really soothlng- wonderful to be heard" '1 enjoyed pla¥ln8 Instruments, coming tO8ether as a 8roup, listenln8 to the instwments. Feeling energised, E.npowered" 'letting it all gol" 2. FUNDING We are extremely grateful tor the on8olng support from the followln8 trusts and foundatlons whSch enable us to contlnue to deliver such Important work within our communlty, Asda Foundation B&NES Health Inequalities Fund 8archester Brlstol Clty Health Denman Charftable Trust Douglas Arter Global Make Some Noise Henry 5mlth Charity The Lark Trust Morrisons Foundation People'5 Health Lottery Postcode Local Trust Quartet Scott Wlll Charitable Trust Schrerler Foundation Simon Rivett Carnac Trust The Sir Jules Thorn Charitable Trust Society of Merchant Ventures Page S
oundwell Music Th ra Trust ort of the Trustees forthe Year Ended 31 March 2024 Additionally we would like to thank all the generous indivldual and anonymous donors who support us regularly, or have contributed to one of our fundraislng campai8ns. Your support has enable us to make a real difference to the lives of the people we support. And to 311 those who sent many generous individual and anonymous donations - a sincere thank you. FINANCIAL REVIEW 3. Finance Income for the period amounted to £143.14912023: £204,386). Expendlture arnounted to £183,90812023: £181,961). The net result was a deficit of £40,759 for the perlod12023.' £22,425 surplus), when added to balances brought forward, the Trust had net funds at the year-end of £51,182 unrestricted funds12023.' £61,767) and £42,034 restrlrted funds12023: £72,208). Sounowell continue5 to monitor its financial posltion carefully as the Impact of inflation and the cost of living Increase5 are felt. The Senior Staff Team produce regular financial reports and detailed ca5hflow projections for the Treasurer, Trustees and Senior Staff Team to enable them to monitor the flnanciil posltlon throughout the year, This information Is Used to measure the performance of the charbty, foresee potential problems. and make Informed declslons across the organisation. STRUCTURE. GOVERNANCE ANO MANAGEMENT Govemlfi8 document Soundwell Music Therapy Trust Is constituted under a trust deed dated IS July 2002 and is a registered charity. The principal objective Is to preserve and protect mental health and assist in relieving and rehabilitating people experiencing emotlonal or rnental distress I'the beneficiaries") living in the South West of England, and In Wiltshire and 8ath & N.E 5omerset In particular, through the practice of muslc therapv, The charity is governed by a board of Trustees who are detailed on pa8e 8, The Board makes deci5ion5 on the annua budget. formulates policy and consider5 Strategic Issues which affect the organi53tion. The Dirertorls and management team are responsible for the day to day running and management of the charity. A Scheme of Delegation was approved in January 2017. setting out the roles and responsibilitles of Trustees and those matters deleEated to the Directorls. Appointment of Trustees The B )ard of Trustees appoints new Trustees as follows.. potential Trustees are identlfied with èttentlon paid (o relevant skills and experience. Trustee ski115 audits are regularly completed to inform the recruitment pro$$. They are shown copies of the constitution, annual report and Ilterature relating to responsibilitles of charltable Trustees. Once identified, potential Trustees are invited to attend 2 Truste. s meetings as an observer prior lo a mutual decision being made as to their suitability. Publ1¢ Beneflt We have referred to the guidance contained in the Charity Comm1551on'$ general guldance on publk benefit when revlewing our aims and objectlves and in plannin8 our future activities. Page 6
5oundwell MusicThera Trust Re ort of the Trus sTrucruRE, 60VERNANCE AND MANAGEMENT Rlsk mana8ement The Board of Trustees re8ularly reviews and identifies the key rlsks to the Charlty and its operatlons. The Bcard contlnue to conslder two of the most siEnificènt ris to be financial sustainability and Safe8uardin8. In relatlon to Finan. the Board reviews the financial position and perfoimance of the Charity at each meeting. and artively tonsiders the lon8-term cash position on a 12-month rolling basis. This enables the Board to identify any potential financial uncertainties well in advance and put In place any measures should they be required. The Board are a150 taking an active role in the strategic plans for other sources of voluntary income. The 8oard places great emphasis and Importance in relation to Safe8uardin8. All staff and trustees have up to date safeguarding tralnin8 at level 2 or 3 as appropriate for the role. We have a150 been mindful that there are dlfferent safeguardin8 issue5 when providin8 remote Services than face to face. The Trustee Safeguarding Lead continue5 to help monitor both policy and prattlce In thls area. Reserv•$ pollcy and luture plans Soundwell has deemed a reseNe figures of £68.6CKI to be appropriate, calculated as; An average of 3 months of prevlous yearf5 total expenditure. Plus addltlonal c105ure costs of stsff redundancy and statutofy accounts and fillng. The Resenies Pollcy is revlewed annually as part of Soundwell's financial planning. The trustees wlll conslder current costs of and examine the level of reserves when setting the followin8 yearfs budget. The current level of reserves stands at £93.216, of which £51,182 are free reserves, The trust wlll look to rebuild the reserve In the coming year to malntain the financlal resllience of the charity through unrestrlcted glvin8 and community fundraising, Our vision for 2025 Is for a thriving muslc therapy service, supporting those with high levels of need in the South West. With the ripples of the current economlc crlsis bein8 felt across the country. and it'5 myriad impact on mental health, our servlce is ever more in demand. As the current year presents us wlth flnancial challen8es we wlll work towards creatlng a robust flnanclal basis to deliver our full range of sepllces and respond to new prknrfty groups, creatively. REFERENCE AND ADMINISTRATIVE DEfAILS Re8lsternd Charlty number 1093992 PrI1PaI addr¢55 Quaker Meeting House Wedmore Vale Brlstol B53 5HX Pa8e 7
Sounikn I MuslcThera Trust Re oit of th Trustees forthe Year Ended 31 March 2024 Trustees Dr Catherine Warner (Chairl Mr Richard Ellls Ms Jennifer Wildblood Mrs Jocelyn Clay Mr Peter Watson Mrs Alison Harrls Mr Oliver Kelham Mr5 Victoria Berger (appointed 4.11.231 Mr Danbel Bateman (appointed 8.7.241 Co-Dlrectors Emma Weatherup and Zoè Newln8-Moore Ipermanently appointed 01,09.231 Inderndent Examlner Chartered Accountants 30 Gay Street Bath BAI 2PA Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hlll West Mallln8 Kent ME194JQ HSBC Bank plc 46 Fore Street Trowbridge BA14 8EL Triodos Bank Deanery Road Bristo, BSI SAS Approved by order of the board of trustees on 8 07 O.ct.. 2Q 'j4...... and slgned on its behalf by.. Dr.CWa ner . Trustee Page 8
Inde endent Examlner's Re Soundwell Music ThÈra ort to the Trustees of Independent examlnerfs report to the trustees of Soundwell Mu51c Therdpy Trust I report to the charity trustees on my examination of the accounts of Soundwell Music Therapy Trust (the Trust) for the year ended 31 March 2024. Responslbllltl¢s and basls of rep¢)rt A5 the charity trustee5 of the Trust you are rèsponsible for the preparation of the accounts In accordance with the requirements of the Charlties Act 2011 {'the Art'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carryln8 Qut my examination I have followed all applicable Directions Biven by the Charity Commission under Sectlon 1451511b) of the Act, Independent exaffllner's statement I have completed my examination. I confirm that no material matters have come to my attention in connectlon with the eKamlnation givin8 me cause to believe that in any material respert.. accounting records vRre not kept in respect of the Trust as required by Sectlon 130 of the Acr; or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the lorm and content of accounts set out in the Charitles (Accounts and Reports) Re8ulatlons 2008 other than any requlrement that the accounts 8lve a true and falr vlew which is not a matter considered as part of an independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examinatlon to whlch attentlon should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Mark Powell CA Moore Chartered Accountants 30 Gay Street 8ath 8A1 2PA Date-. 29 Page 9
Sounowell Mu Ic Thera Trust Statement of Fin ncial Actbvities forth Y r Ended 31 March 31.3.24 Total funds 31.3.23 Total funds Unf estrlcted Restricted funds funds Notes GOVERNMENT GRANTS FROM Donailons and legacies 65,301 76.825 142,126 204,064 Investment income 1,023 1,023 322 Total 66,324 76,825 143,149 204,386 EXPENDITURE ON Charltable actlvltles Music Therapy 79,292 104,616 183.908 181.961 NET INCOME/IEXPENDITUREI Translers between funds 112,968} 2,383 127.7911 12,3831 140,7591 22.425 12 Net movement In funds 110.5851 130,1741 140,759) 22.425 RECONCILIATION OF FUNDS Totsl funds brou8ht forward 61,767 72.208 133,975 111.550 TOTAL FUNDS CARRIED FORWARD 51,182 42,034 93,216 133,975 The notes form part of these financial statements Page 10
oundwell Music Thera Tru Balance Sh IM h2024 31.3.24 Total funds 31.3.23 Total funds Unre5trlcted Restricted funds funds Nores FIXED A55ETS Tangible assets 6,942 6,942 5,813 CLIRRENT ASSErs Debtors Cash at bank io 7,929 43,499 27,OCKI 15,034 34,929 58.533 65,703 67,259 51,428 42,034 93,462 132,962 CREtYroRS Amounts fallln8 due withln one year li {7.1881 (7,1881 14,8001 NET CURRENT A5SErs 42,034 86,274 128.162 TOTAL ASSETS LESS CLIRRENT LIABILITIES 51,182 42,034 93,216 133,975 NET ASSETS 51,182 42,034 93,216 133,975 FUNDS Unrestrlcted f unds Restricted funds 12 51,182 42.034 61,767 72,208 TOTAL FUNDS 93,216 133,975 The financlal stateTrents were approved by the 8oard of Trustees and authorlsed for Issue on .?.kh..Q¥k....%o.W..,.,,. and were slgned on its behalf by: Cwa er alr) . Trustee A Harrls - Trustee The notes form part of these financlal statements Page 11
Sounell Music Ther Tr Notes to the Financial statements for the Ye h 2024 ACCOUNTING POLICIES Ba515 of preparln8 the financlal statements The financial statements of the charity. which is a public beneflt entlty under FRS 102, hwe been prepared in accordance with the Charities SORP IFRS 1021 'Accountin8 and Reportln8 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reportlng Standard 102 The Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historlcal cost convention. xpendlture Liabilities are reco8nised as expenditure as soon as there Is a legal or constructive obligation committin8 the charity to that expendlture, it Is probable that a transfer of economlc benefits wlll be required in sertlement and the amount of the obligation can be measured reliably. Expendlture Is accounted for on an accruals basis and ha5 been classified under headlngs that aggregate all cost related to the cate80ry. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wlth the use of resources. Tan8lble flxed assets Depreciation ts provided at the followlng annual rate5 in order to write off each asset over its estimated useful life. Plant and machinery 21YA on reducln8 balance Taxatlon The charlty is exempt from tax on Its charitable actlvitles, Fund accounting Unrestritted funds can be used In accordance wlth the charitable objectives at the dlscretlon of the trustees. Restricted funds can only be used for particular restricted purposes withln the objects of the charity Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasln8 commltments Rentals paid under operatin8 leases are char8ed to the Statement of Financial Actlvities on a stral8ht line basis over the period of the lease, Pen$lon ¢osts and other posl-retlrement benefit$ The charity operates a defined contribution pension scheme. Contributions payable to the charity's penslon scheme are charged to the Statement of Financial Activities in the perlod ro which they rèlate. Page 12 continued...
Soundwell Musl Th Notes o the Fin rEn nclal Statements - continued 024 ACCOUNTING POLICIE5- contlnued Incomlng resources Voluntary income includlnE donations and grants that provlde core fundin8 or are of a general nature are recognised when there Is entitlement, certainty of receipt and the amount can be measured with sufflclent reliabilitv. Investment Income Is reco8nlsed on a recelvable basis. Income from Chèritable Actlvities Includes Income recognised as earned las the related goods or services are provided) under wntract. DONATIONS AND LEGACIES 31.3.24 31,3,23 Donatlons Grants 42,301 99.825 24.505 179,559 142,126 204,064 INVESfMENT INCOME 31.3.24 31.3.23 Deposit account Snterest 1,023 322 CHARITABLE ACTIVITIES C05rs Support costs (see note51 Direct Costs Totals Muslc Therapy 166,505 17,403 183,908 Page 13 contlnued,..
Soundwell Music Thera Trust Notes to the Financial Statements- continued arE h 2024 SUPPORT cosrs Governance costs Finance Totals Muslc Therapy 182 17.221 17,403 Fees pald to our independent examinei total £2,275 (2023.. £2,196). TRU5TEES' REMLINERATION ANO BENEFITS During the year no felance fees or expenses were paid to Trustees12023'. £nill. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. £11 of travel expenses were reimbursed to Trustees durin8 the year12023: £NIII. STAFF COSTS 31.3.24 31.3,23 Wages and salarles Social security costs Other pension costs 123,183 9,206 4,762 126,896 10,067 5,343 137.151 142.306 The average monthly number of employees durin8 the year wJs 35 follows,. 31.3.24 31.3.23 Admlnistr3tive Services No employees received emolurnents in excess of £60,CK)O. The above analysis has been ppared on a headcount basis. On a full-time equivalent basts, the average number ofemployees during the year was as follows: 31.3.24 Administfalive Services Pa8e 14 continued...
Soundwell Music Thera Trust Notes to the Finan tem ded 31 M rch 2024 tinued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES FROM THE PRIOR YEAR Unrestricted Restricted funds funds Total funds GOVERNMENT GRANTS FROM Donations and legacle5 59,424 144,640 204.064 Investment Income 322 322 Total S9.746 144.640 204.386 ExPEN0URE0N Charltable actlvltles Music Therapy 87,622 94.339 181,961 NET INCOMEIIEXPENDITURE) 127,8761 50.301 22,425 RECONCILIATION OF FUNDS Total funds brought forward 89,639 21,911 111,550 TOTAL FUNDS CARRIED FORWARD 61,763 72,212 133,975 TANGIBLE FIXED ASSEfs Plant and machinery COST At l Aprll 2023 Addltions Disposals 21,223 2,633 {2331 At 31 March 2024 23.623 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 15,410 1,299 128} At 31 March 2024 16,681 NET BOOK VALUE At 31 March 2024 6,942 At 31 March 2023 5.813 Page 15 continued...
5oundwell Mu cThera Trust Notes to the Financlal Statemen s - contln f rthe Year Ended 31 March 2024 10. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtors Pfepayments and accrued income 2.670 2.500 416 62,787 32,259 34.929 65,703 11. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade credltors Other creditors Accruals and deferred income 3.612 845 2,731 1,226 934 2,640 4.800 12. MOVEMENT IN FUNDS Net movement in funds Transfers between fund5 At 31.3.24 At 1.4.23 Unre5trlrted funds General fund 61.767 112,9681 2.383 51,182 Restrlcted funds National Lottery Community Fund Quartet Community Foundation - Bristol Clty Health Fund D'oyly Carte Chariiable Trust Medlock Charitable Trust Morrisons Foundation Society of Merchant Venturer's Quartet Community Foundation Express Grant Denman Charitable Trust Douglas Arter Foundation Global Make Some Noise People's Health Trust Barchester Asda Foundatlon 3,415 13,4151 6,293 16,2861 13,000} 2,751 2.994 2.751 611 12.3831 2,IXJO 5,000 1,000 15001 130,6341 1,399 1,500 400 5CXI 57.0 26,366 1,399 1.SCK) 72,208 127,7911 12,3831 42.034 TOTAL FUNDS 133.975 140,7591 93.216 Page 16 tontinued...
Soundwell MuslcThera st Notes to the Financial for t tements- continu March 2024 12. MOVEMENTIN FUNDS- contlnued Net movement in funds, included in the above are 35 follows.. Incoming resource5 Resources expended Movement in funds Unrestrfrted funds General fvnd 66,324 179,2921 112.968) Réstrfcted funds Bath and North East Somerset Councll National Lottery Community Fund Quartet Community Foundation - Bristol Clty Health Fund D'oyly Carte Charltable Trust The Henry Smlth Charlty Medlock Charltable Trust Morrison5 Foundatlon Society of Merchant Venturer's Quartet Communlty Foundation- Express Grant HCRG Denman Charltable Trust Dou8las Arter Foundation Global Make Some Noise People's Health Trust Schreier Foundatlon Baichester Slmon Rivett Carnac Asda Foundation {3,0001 {3.415) 13.4151 (6,2861 13,CKKII 135,0(X)I 12,2491 11421 12,0001 16,2861 13,000) 35,(M)O 2,751 2,994 3,136 5,0(X) 10,000 1.000 Iio.CMYJ) 1500) 130.634) 13,3901 {3,0(A)) 130,6341 1,399 4,789 1.500 2,0(KJ 12,(KK)) 76,825 1104.6161 127,7911 TOTAL FUNDS 143, 149 183,9081 40,7591 Page 17 continued...
Soundwell Music Thera Trust Notes to the Financial Statements . continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS- contlnued Comparatlves for movement In funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlrted funds General fund 89.639 127,8721 61,767 Restrlcted funds Bath and North East Somerset Council National Lottery Communlty Fund Quartet Community Foundatlon- Bristol City Health Fund D'oyly Carte Charitable Trust Trusthouse Charitable Foundation Society of Merchant Venturer's The Lark Trust Ashley Family Foundation Thomas Wall Trust Dou8las Arter Foundation Global Make Some Noise 641 16411 3,415 3,415 6,293 3,000 (6,7501 6.293 3,000 6,750 3,500 6,020 5,OC 13,5001 16,0201 15,IWOI 500 S7,10 57,C 21,911 50,297 72,208 TOTAL FUNDS 111.550 22,425 133,975 Page 18 continued...
5oundwell Music Thera Notes to the Financial S 31M tements - 024 in MOVEMENT IN FUNDS- cantlnued Comparative net movement in funds. included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlrted funds General fund S9,746 {87,6181 127,8721 Restrfcted funds Bath ènd North East Somerset Council Natlonal Lottery Community Fund Quartet Community Foundation - Bristol City Health Fund D'oyly Carte CharStable Trust St James's Place Charltable Foundatlon TrusthOle Charltable Foundatlon The Henry Smlth Charity Soclety of Merchant Venturer, The Lark Trust Quartet Communlty Foundatlon - Exprèss Grant Ashley Famlly Foundation HCAG Thomas Wall Trust Douglas Arter Foundatlon Global Make Some Nolse 16411 {6.2221 1641) 3. 115 9.637 20,WI 113,7081 6.293 2,5LIJ 12.5CKIl {6,7511 {35,000) {6.7501 35.000 2,OC(I 13,5CQI (3,500) 15,(X)01 16,0201 {io,000) 15,0011 16,0201 io,( 15,0001 5CQ 57,000 57,0 144,640 194,3431 50,297 TOTAL FUNDS 204,386 1181,9611 22,425 General Fund £51,182 The net operatin8 result of unrestricted Income and expenditure. This includes a desi8nated operating reserve whlch represents 3mths turnover. Thi5 is reviewed annual. National Lottery Communlty Fund £0 This fund is restricted to expenditure on deliverin8 Bath and Bristol open groups and outreach work. The funded period of this grant 15 August 2022 to July 2023. Fully spent during the year. Bristol City Health Fund £7 This grant was awarded to cover the 2 year perlod July 2021 to June 2023. The 8rant supports our work in Brlstol to enable Soundwell to build resilience by diversifying our partlcipation and income streams. Thls will be fully spent in the comin8 financial year. D'oyly Carte Charitsble Trust £0 This grant was awarded for the 2023124 financial year to support our open and sin8in8 8roup5 In Bath. Fully spent durin8 the year. Page 19 continued...
Soundwell Music Thera Trust Notes to the Financial Statements - continued h Y ar Ended 31 March 12. MOVEMENT IN FUNDS - contlnued Medlock Charltable Trust £2,751 This grant was awarded to support all of our service delNery in B&NES between January and December 2024. Thi5 grant wlll be fully spent In the comlng year. Morri50ns Foundation £611 This grant was awarded to purchase 2 new elettric pianos, other small instrument 5tock5 and a storage cupboard, The pianos were purchased during the year, the storage cupboard and other small items will be purchased in the comlnB year, Society of Merchant Venture's £3,IX)O This grant was awarded for the 2023124 flnancial year to support our work in Bristol to develop a flexible approach to allowin8 people to access our services In a post covid context. Quartet Express Granl £5,¢JOO This grant was awarded to support one set of our 20 week group in Bristol between February and July 2024. Thls will be fully spent in the comln8 year. Oenman Charitable Trust £ I,¢ This grant wa5 awarded to support our 20 week group in 8ristol durin8 2024125. This wll be fully spent in the coming year. Douglas Arter Foundation £0 This grant was awarded for the 2023124 flnancial year to contribute towards general costs of deliverin8 Soundwell's Therapy services. Thls Brani was fully spent during the year. Global Make Some Noise £26,366 This 8rant was awarded to support ihe cost of providing our 20 week groups across both service areas from AprS12023 throuBh to March 2025. People's Health Trust £ 1,399 This grant was awarded to support the cost of our open and singing groups in Bristol. The funded period is September 2023 to August 2025. 8archester £l,S1Th) Thls grant was awarded to support our open muslc sessions and outreach work In Bath between January and June 2024. This 8rant will be fully spent in the comin8 year. Simon Rivett Carnac £0 This grant was awarded to contribute towards the costs of our slnging groups in 2023124. it was ful spent duTin8 the year. Asda £400 This grant was awarded to tover the room hire costs for our singing sessions in Bilstol during 2024125. This grant will be f ully spent in the coming year. Page 20 continued...
Notes to the Financial Ststement5 - continued the Ye 31 March 20 13. RELATED PARTY DISCLOSURES There are no related party transattlons to disclose during the year. Page 21